GoldMining Price To Book vs. Return On Asset

Considering the key profitability indicators obtained from GoldMining's historical financial statements, GoldMining may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess GoldMining's ability to earn profits and add value for shareholders.
For GoldMining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GoldMining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GoldMining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GoldMining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GoldMining over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

GoldMining Return On Asset vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining GoldMining's current stock value. Our valuation model uses many indicators to compare GoldMining value to that of its competitors to determine the firm's financial worth.
GoldMining is rated # 3 in price to book category among its peers. It is rated # 5 in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value GoldMining by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for GoldMining's 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.

GoldMining Return On Asset vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

GoldMining

P/B

 = 

MV Per Share

BV Per Share

 = 
2.01 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

GoldMining

Return On Asset

 = 

Net Income

Total Assets

 = 
-0.12
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

GoldMining Return On Asset Comparison

GoldMining is currently under evaluation in return on asset category among its peers.

GoldMining Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in GoldMining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GoldMining will eventually generate negative long term returns. The profitability progress is the general direction of GoldMining's change in net profit over the period of time. It can combine multiple indicators of GoldMining, 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.
GoldMining Inc., a mineral exploration company, focuses on the acquisition, exploration, and development of projects in Brazil, Colombia, the United States, Canada, Peru, and other regions of the Americas. GoldMining Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada. GOLDMINING INC operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 21 people.

GoldMining Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on GoldMining. 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 GoldMining 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 GoldMining's important profitability drivers and their relationship over time.

Learn to be your own money manager

Our tools can tell you how much better you can do entering a position in GoldMining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
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Use Investing Themes to Complement your GoldMining position

In addition to having GoldMining 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.

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Monster Funds Theme
Solid funds with above average long term performance indicators based on Macroaxis rating system. The Monster Funds theme has 50 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 Monster Funds Theme or any other thematic opportunities.
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When determining whether GoldMining is a strong investment it is important to analyze GoldMining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GoldMining's future performance. For an informed investment choice regarding GoldMining Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
To fully project GoldMining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of GoldMining 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 GoldMining's income statement, its balance sheet, and the statement of cash flows.
Potential GoldMining investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although GoldMining investors may work on each financial statement separately, they are all related. The changes in GoldMining's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on GoldMining's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.