True North Financials

TGX Stock  CAD 0.05  0.02  28.57%   
We advise to exercise True North fundamental analysis to find out if markets are presently mispricing the firm. In other words this technique allows you to confirm available indicators of True North Gems as well as the relationship between them. We were able to interpolate twenty-five available drivers for True North Gems, which can be compared to its competition. The stock experiences a very speculative upward sentiment. Check odds of True North to be traded at C$0.0475 in 90 days. Key indicators impacting True North's financial strength include:
Short Ratio
0.03
  
Understanding current and past True North Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of True North's financial statements are interrelated, with each one affecting the others. For example, an increase in True North's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in True North's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of True North Gems. Check True North's Beneish M Score to see the likelihood of True North's management manipulating its earnings.

True North Stock Summary

True North competes with Data Communications, Hemisphere Energy, Brookfield Asset, Totally Hip, and Primaris Retail. True North Gems Inc. engages in the acquisition, exploration, and development of mineral properties. True North Gems Inc. was founded in 2001 and is based in Vancouver, Canada. TRUE NORTH operates under Other Precious Metals Mining classification in Canada and is traded on TSX Venture Exchange.
Foreign Associate
  USA
Specialization
Basic Materials, Other Precious Metals & Mining
InstrumentCanada Stock View All
ExchangeTSX Venture Exchange
ISINCA89784R4026
Business Address409 Granville Street,
SectorMetals & Mining
IndustryMaterials
BenchmarkDow Jones Industrial
Websitewww.truenorthgems.com
Phone604 687 8055
CurrencyCAD - Canadian Dollar
You should never invest in True North without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of True Stock, because this is throwing your money away. Analyzing the key information contained in True North's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

True North Key Financial Ratios

There are many critical financial ratios that True North's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that True North Gems reports annually and quarterly.

True North Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets91.4K623.8K782.9K155.7K88.7K84.3K
Net Tangible Assets(5.8M)(4.9M)(6.0M)(6.4M)(5.7M)(5.5M)
Retained Earnings(70.7M)(72.3M)(72.8M)(73.7M)(74.0M)(77.7M)
Accounts Payable1.1M333.6K358.6K78.2K70.4K66.9K
Cash62.4K601.5K715.1K3.3K19.9K18.9K
Net Receivables35.02.1K1.8K26.3K3.8K3.6K
Total Liab4.6M6.6M6.2M6.5M6.8M5.7M
Short Long Term Debt2.9M3.7M3.6M5.4M6.3M6.6M
Total Current Assets91.4K623.8K782.9K78.3K88.7K84.3K
Common Stock48.6M49.0M49.3M50.6M58.2M52.8M
Net Debt3.5M4.8M5.5M6.5M6.7M5.2M
Net Invested Capital(930.8K)(543.4K)744.3K77.5K55.8K58.6K
Net Working Capital(4.5M)(6.0M)744.3K36.055.8K58.6K

True North Key Income Statement Accounts

201920202021202220232024 (projected)
Discontinued Operations(263.9K)429.8K(1.4M)(76.6K)(88.0K)(92.4K)
Selling General Administrative317.2K212.1K173.9K165.7K155.1K147.4K
Operating Income(349.8K)(198.1K)(152.9K)(841.8K)(139.3K)(146.3K)
Net Income From Continuing Ops(340.2K)(198.2K)172.0K(887.7K)(200.0K)(210.0K)
Ebit(349.8K)(198.1K)(152.9K)(828.9K)(953.2K)(1.0M)
Total Operating Expenses349.8K198.1K152.9K841.8K139.3K132.3K
Income Before Tax(339.8K)(197.2K)172.0K(887.7K)(200.0K)(210.0K)
Total Other Income Expense Net9.9K991.0324.8K(5.0)(6.8K)(7.1K)
Net Income Applicable To Common Shares(1.3M)89.6K(1.6M)(964.3K)(1.1M)(1.2M)
Net Income539.1K(1.6M)(457.5K)(964.3K)(276.6K)(290.4K)
Tax Provision405.01.1K(1.6K)3.2K3.7K3.9K

True Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining True North's current stock value. Our valuation model uses many indicators to compare True North value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across True North competition to find correlations between indicators driving True North's intrinsic value. More Info.
True North Gems is rated fourth in return on asset category among its peers. It also is rated fourth in current valuation 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 True North's earnings, one of the primary drivers of an investment's value.

True North Gems Systematic Risk

True North's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. True North volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on True North Gems correlated with the market. If Beta is less than 0 True North generally moves in the opposite direction as compared to the market. If True North Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one True North Gems is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of True North is generally in the same direction as the market. If Beta > 1 True North moves generally in the same direction as, but more than the movement of the benchmark.

True North Gems Total Assets Over Time

True North November 23, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of True North help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of True North Gems. We use our internally-developed statistical techniques to arrive at the intrinsic value of True North Gems based on widely used predictive technical indicators. In general, we focus on analyzing True Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build True North's daily price indicators and compare them against related drivers.

Additional Tools for True Stock Analysis

When running True North's price analysis, check to measure True North's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.