Freegold Ventures Current Valuation vs. Return On Equity
| FVL Stock | CAD 0.69 0.01 1.43% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Operating Profit Margin | 13.52 | 12.88 |
|
| |||||
| Pretax Profit Margin | 3.72 | 3.54 |
|
|
For Freegold Ventures profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Freegold Ventures to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Freegold Ventures Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Freegold Ventures's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Freegold Ventures Limited over time as well as its relative position and ranking within its peers.
Freegold |
Freegold Ventures Return On Equity vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Freegold Ventures's current stock value. Our valuation model uses many indicators to compare Freegold Ventures value to that of its competitors to determine the firm's financial worth. Freegold Ventures Limited is rated as one of the top companies in current valuation category among its peers. It also is one of the top stocks in return on equity category among its peers . At this time, Freegold Ventures' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Freegold Ventures by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Freegold Ventures' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Freegold Current Valuation vs. Competition
Freegold Ventures Limited is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 1 Billion. Freegold Ventures totals roughly 314.1 Million in current valuation claiming about 31% of all equities under Materials industry.
Freegold Return On Equity vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Freegold Ventures |
| = | 314.1 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Freegold Ventures |
| = | -0.0115 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Freegold Return On Equity Comparison
Freegold Ventures is currently under evaluation in return on equity category among its peers.
Freegold Ventures Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Freegold Ventures, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Freegold Ventures will eventually generate negative long term returns. The profitability progress is the general direction of Freegold Ventures' change in net profit over the period of time. It can combine multiple indicators of Freegold Ventures, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 37.1 M | 38.9 M | |
| Operating Income | -3 M | -2.9 M | |
| Income Before Tax | -3.1 M | -2.9 M | |
| Total Other Income Expense Net | -48.6 K | -51 K | |
| Net Loss | -3.1 K | -3.3 K | |
| Income Tax Expense | -52.2 K | -49.6 K | |
| Net Loss | -3.1 M | -3.3 M | |
| Net Loss | -923.4 K | -969.6 K | |
| Interest Income | 194.7 K | 204.4 K | |
| Net Interest Income | 178.3 K | 187.2 K | |
| Change To Netincome | 1.7 M | 1.8 M | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 0.29 | 0.47 | |
| Net Income Per E B T | 0.83 | 0.88 |
Freegold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Freegold Ventures. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Freegold Ventures position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Freegold Ventures' important profitability drivers and their relationship over time.
Use Freegold Ventures in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Freegold Ventures position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Freegold Ventures will appreciate offsetting losses from the drop in the long position's value.Freegold Ventures Pair Trading
Freegold Ventures Limited Pair Trading Analysis
The ability to find closely correlated positions to Freegold Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freegold Ventures when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Freegold Ventures - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Freegold Ventures Limited to buy it.
The correlation of Freegold Ventures is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Freegold Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freegold Ventures moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Freegold Ventures can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Freegold Ventures position
In addition to having Freegold Ventures in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Non-Metallic and Industrial Metal Mining Thematic Idea Now
Non-Metallic and Industrial Metal Mining
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Non-Metallic and Industrial Metal Mining theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Freegold Stock
To fully project Freegold Ventures' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Freegold Ventures at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Freegold Ventures' income statement, its balance sheet, and the statement of cash flows.