Element 29 Resources Stock Net Income
| ECU Stock | CAD 1.19 0.03 2.59% |
Fundamental analysis of Element 29 allows traders to better anticipate movements in Element 29's stock price by examining its financial health and performance throughout various phases of its business cycle.
| Last Reported | Projected for Next Year | ||
| Net Loss | -6.4 M | -6.8 M | |
| Net Loss | -6.4 M | -6.8 M | |
| Net Loss | (0.07) | (0.08) |
Element | Net Income |
Element 29 Resources Company Net Income Analysis
Element 29's 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.
Current Element 29 Net Income | (7.15 M) |
Most of Element 29's fundamental indicators, such as Net Income, 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, Element 29 Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Element Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Element 29 is extremely important. It helps to project a fair market value of Element Stock properly, considering its historical fundamentals such as Net Income. Since Element 29's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Element 29's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Element 29's interrelated accounts and indicators.
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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.
| Competition |
Element Net Interest Income
Net Interest Income |
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Based on the recorded statements, Element 29 Resources reported net income of (7.15 Million). This is 40.59% lower than that of the Metals & Mining sector and 101.99% lower than that of the Materials industry. The net income for all Canada stocks is 101.25% higher than that of the company.
Element Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Element 29's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Element 29 could also be used in its relative valuation, which is a method of valuing Element 29 by comparing valuation metrics of similar companies.Element 29 is currently under evaluation in net income category among its peers.
Element 29 Current Valuation Drivers
We derive many important indicators used in calculating different scores of Element 29 from analyzing Element 29's financial statements. These drivers represent accounts that assess Element 29's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Element 29's important valuation drivers and their relationship over time.
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Market Cap | 39.9M | 12.7M | 16.7M | 70.0M | 63.0M | 66.2M | |
| Enterprise Value | 32.1M | 11.6M | 15.5M | 68.8M | 61.9M | 65.0M |
Element Fundamentals
| Return On Equity | -0.13 | ||||
| Return On Asset | -0.067 | ||||
| Current Valuation | 175.49 M | ||||
| Shares Outstanding | 155.5 M | ||||
| Shares Owned By Insiders | 11.37 % | ||||
| Number Of Shares Shorted | 4.41 K | ||||
| Price To Book | 7.90 X | ||||
| EBITDA | (1.94 M) | ||||
| Net Income | (7.15 M) | ||||
| Cash And Equivalents | 5.76 M | ||||
| Cash Per Share | 0.08 X | ||||
| Total Debt | 459.39 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 30.59 X | ||||
| Book Value Per Share | 0.15 X | ||||
| Cash Flow From Operations | (1.31 M) | ||||
| Short Ratio | 0.83 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Beta | 1.59 | ||||
| Market Capitalization | 185.05 M | ||||
| Total Asset | 13.3 M | ||||
| Retained Earnings | (20.51 M) | ||||
| Working Capital | 875.59 K | ||||
| Net Asset | 13.3 M |
About Element 29 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Element 29 Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Element 29 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Element 29 Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for Element Stock Analysis
When running Element 29's price analysis, check to measure Element 29'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 Element 29 is operating at the current time. Most of Element 29's value examination focuses on studying past and present price action to predict the probability of Element 29's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Element 29's price. Additionally, you may evaluate how the addition of Element 29 to your portfolios can decrease your overall portfolio volatility.