Nova Financial Statements From 2010 to 2024
| NOVRFDelisted Stock | USD 1.23 0.01 0.81% |
Check Nova Royalty financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nova Royalty's main balance sheet or income statement drivers, such as , as well as many indicators such as . Nova financial statements analysis is a perfect complement when working with Nova Royalty Valuation or Volatility modules.
Nova |
Nova Royalty Corp OTC Stock Return On Equity Analysis
Nova Royalty's 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 Nova Royalty Return On Equity | -0.14 |
Most of Nova Royalty's 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, Nova Royalty Corp 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.
CompetitionBased on the latest financial disclosure, Nova Royalty Corp has a Return On Equity of -0.1441. This is 115.84% lower than that of the Basic Materials sector and significantly lower than that of the Other Industrial Metals & Mining industry. The return on equity for all United States stocks is 53.52% lower than that of the firm.
Nova Royalty Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nova Royalty's current stock value. Our valuation model uses many indicators to compare Nova Royalty value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nova Royalty competition to find correlations between indicators driving Nova Royalty's intrinsic value. More Info.Nova Royalty Corp is rated below average in return on equity category among its peers. It is rated below average 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 Nova Royalty's earnings, one of the primary drivers of an investment's value.About Nova Royalty Financial Statements
Nova Royalty stakeholders use historical fundamental indicators, such as Nova Royalty's revenue or net income, to determine how well the company is positioned to perform in the future. Although Nova Royalty investors may analyze each financial statement separately, they are all interrelated. For example, changes in Nova Royalty's assets and liabilities are reflected in the revenues and expenses on Nova Royalty's 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 Nova Royalty Corp. Please read more on our technical analysis and fundamental analysis pages.
Nova Royalty Corp., a royalty and streaming company, focuses on the acquisition and management of royalties on the copper and nickel deposits. The company was incorporated in 2018 and is headquartered in Vancouver, Canada. NOVA ROYALTY operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 3 people.
Currently Active Assets on Macroaxis
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Consideration for investing in Nova OTC Stock
If you are still planning to invest in Nova Royalty Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nova Royalty's history and understand the potential risks before investing.
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