Wesdome Gold Net Income vs. Price To Earning

WDO Stock  CAD 13.26  0.04  0.30%   
Based on the measurements of profitability obtained from Wesdome Gold's financial statements, Wesdome Gold Mines 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 Wesdome Gold's ability to earn profits and add value for shareholders.
 
Net Loss  
First Reported
1995-03-31
Previous Quarter
29.1 M
Current Value
39 M
Quarterly Volatility
11.4 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Wesdome Gold's Days Sales Outstanding is very stable compared to the past year. As of the 9th of December 2024, Days Of Sales Outstanding is likely to grow to 13.46, while Price To Sales Ratio is likely to drop 3.25. At this time, Wesdome Gold's Operating Income is very stable compared to the past year. As of the 9th of December 2024, Interest Income is likely to grow to about 1.6 M, while Accumulated Other Comprehensive Income is likely to drop (2.1 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.110.1133
Sufficiently Down
Very volatile
For Wesdome Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Wesdome Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Wesdome Gold Mines utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Wesdome Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Wesdome Gold Mines over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Wesdome Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wesdome Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wesdome Gold'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.

Wesdome Gold Mines Price To Earning vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Wesdome Gold's current stock value. Our valuation model uses many indicators to compare Wesdome Gold value to that of its competitors to determine the firm's financial worth.
Wesdome Gold Mines is rated fifth in net income category among its peers. It is rated fourth in price to earning category among its peers . Wesdome Gold reported last year Net Loss of (6.19 Million). Comparative valuation analysis is a catch-all model that can be used if you cannot value Wesdome Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Wesdome Gold'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.

Wesdome Price To Earning vs. Net Income

Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Wesdome Gold

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
(6.19 M)
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
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.

Wesdome Gold

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
34.72 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.

Wesdome Price To Earning Comparison

Wesdome Gold is currently under evaluation in price to earning category among its peers.

Wesdome Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Wesdome Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Wesdome Gold will eventually generate negative long term returns. The profitability progress is the general direction of Wesdome Gold's change in net profit over the period of time. It can combine multiple indicators of Wesdome Gold, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income-2 M-2.1 M
Operating Income6.1 M9.9 M
Income Before Tax-6.4 M-6.1 M
Total Other Income Expense Net-12.5 M-11.8 M
Net Loss-6.2 M-5.9 M
Income Tax Expense-182 K-172.9 K
Net Loss-6.2 M-5.9 M
Net Loss-16.9 M-16.1 M
Interest Income1.4 M1.6 M
Net Interest Income-4 M-3.8 M
Change To Netincome13.6 M14.3 M
Net Loss(0.04)(0.04)
Income Quality(16.38)(15.56)
Net Income Per E B T 0.97  0.75 

Wesdome Profitability Driver Comparison

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

Use Wesdome Gold 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 Wesdome Gold 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 Wesdome Gold will appreciate offsetting losses from the drop in the long position's value.

Wesdome Gold Pair Trading

Wesdome Gold Mines Pair Trading Analysis

The ability to find closely correlated positions to Wesdome Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wesdome Gold 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 Wesdome Gold - 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 Wesdome Gold Mines to buy it.
The correlation of Wesdome Gold 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 Wesdome Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wesdome Gold Mines 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 Wesdome Gold 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.
Pair CorrelationCorrelation Matching

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Other Information on Investing in Wesdome Stock

To fully project Wesdome Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Wesdome Gold Mines 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 Wesdome Gold's income statement, its balance sheet, and the statement of cash flows.
Potential Wesdome Gold investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Wesdome Gold investors may work on each financial statement separately, they are all related. The changes in Wesdome Gold's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Wesdome Gold'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.