IAMGold Current Valuation vs. Price To Earning
| IMG Stock | CAD 7.60 0.31 3.92% |
For IAMGold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of IAMGold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well IAMGold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between IAMGold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of IAMGold over time as well as its relative position and ranking within its peers.
IAMGold |
IAMGold Price To Earning vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining IAMGold's current stock value. Our valuation model uses many indicators to compare IAMGold value to that of its competitors to determine the firm's financial worth. IAMGold is rated fourth overall in current valuation category among its peers. It also is rated fourth overall in price to earning category among its peers . The ratio of Current Valuation to Price To Earning for IAMGold is about 297,007,067 . Comparative valuation analysis is a catch-all model that can be used if you cannot value IAMGold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for IAMGold'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.IAMGold Current Valuation vs. Competition
IAMGold is rated fourth overall in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 45.65 Billion. IAMGold retains roughly 4.89 Billion in current valuation claiming about 11% of all equities under Materials industry.
IAMGold Price To Earning 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.
IAMGold |
| = | 4.89 B |
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.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
IAMGold |
| = | 16.47 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
IAMGold Price To Earning Comparison
IAMGold is currently under evaluation in price to earning category among its peers.
IAMGold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in IAMGold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, IAMGold will eventually generate negative long term returns. The profitability progress is the general direction of IAMGold's change in net profit over the period of time. It can combine multiple indicators of IAMGold, 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 | -47 M | -44.6 M | |
| Operating Income | -300 K | -285 K | |
| Income Before Tax | 128.2 M | 134.6 M | |
| Total Other Income Expense Net | 128.5 M | 134.9 M | |
| Net Income | 97.5 M | 102.4 M | |
| Income Tax Expense | 30.7 M | 48.2 M | |
| Net Income From Continuing Ops | 97.5 M | 102.4 M | |
| Net Loss | -80.6 M | -84.6 M | |
| Interest Income | 27.8 M | 16.7 M | |
| Net Interest Income | 41.3 M | 43.4 M | |
| Change To Netincome | 249.7 M | 262.1 M | |
| Net Income Per Share | 0.20 | 0.21 | |
| Income Quality | 1.63 | 1.72 | |
| Net Income Per E B T | 0.74 | 0.70 |
IAMGold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on IAMGold. 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 IAMGold 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 IAMGold's important profitability drivers and their relationship over time.
Use IAMGold 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 IAMGold 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 IAMGold will appreciate offsetting losses from the drop in the long position's value.IAMGold Pair Trading
IAMGold Pair Trading Analysis
The ability to find closely correlated positions to IAMGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IAMGold 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 IAMGold - 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 IAMGold to buy it.
The correlation of IAMGold 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 IAMGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IAMGold 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 IAMGold 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 IAMGold position
In addition to having IAMGold 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 Utilities Thematic Idea Now
Utilities
Highly leveraged corporations that deliver utilities such as power, water or gas to public or business. The Utilities theme has 30 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 Utilities Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. To learn how to invest in IAMGold Stock, please use our How to Invest in IAMGold guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
To fully project IAMGold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of IAMGold 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 IAMGold's income statement, its balance sheet, and the statement of cash flows.