CANEX Financial Statements From 2010 to 2024
| NOMNF Stock | USD 0.02 0.01 40.82% |
Check CANEX Metals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CANEX Metals' main balance sheet or income statement drivers, such as , as well as many indicators such as . CANEX financial statements analysis is a perfect complement when working with CANEX Metals Valuation or Volatility modules.
CANEX |
CANEX Metals Company Return On Equity Analysis
CANEX Metals' 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.
Current CANEX Metals Return On Equity | -0.22 |
Most of CANEX Metals' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CANEX Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, CANEX Metals has a Return On Equity of -0.2188. This is 124.04% lower than that of the Basic Materials sector and notably lower than that of the Gold industry. The return on equity for all United States stocks is 29.42% lower than that of the firm.
CANEX Metals Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CANEX Metals's current stock value. Our valuation model uses many indicators to compare CANEX Metals value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CANEX Metals competition to find correlations between indicators driving CANEX Metals's intrinsic value. More Info.CANEX Metals is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the CANEX Metals' earnings, one of the primary drivers of an investment's value.About CANEX Metals Financial Statements
CANEX Metals stakeholders use historical fundamental indicators, such as CANEX Metals' revenue or net income, to determine how well the company is positioned to perform in the future. Although CANEX Metals investors may analyze each financial statement separately, they are all interrelated. For example, changes in CANEX Metals' assets and liabilities are reflected in the revenues and expenses on CANEX Metals' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in CANEX Metals. Please read more on our technical analysis and fundamental analysis pages.
CANEX Metals Inc. engages in the acquisition, exploration, and development of mineral properties. The company was formerly known as Northern Abitibi Mining Corp. and changed its name to CANEX Metals Inc. in April 2017. Canex Metals operates under Gold classification in the United States and is traded on OTC Exchange.
Currently Active Assets on Macroaxis
Other Information on Investing in CANEX Pink Sheet
CANEX Metals financial ratios help investors to determine whether CANEX Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CANEX with respect to the benefits of owning CANEX Metals security.