Eastern Platinum Limited Stock EBITDA
| ELR Stock | CAD 0.18 0.01 5.88% |
Eastern Platinum Limited fundamentals help investors to digest information that contributes to Eastern Platinum's financial success or failures. It also enables traders to predict the movement of Eastern Stock. The fundamental analysis module provides a way to measure Eastern Platinum's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eastern Platinum stock.
| Last Reported | Projected for Next Year | ||
| EBITDA | 23.5 M | 24.7 M |
Eastern | EBITDA |
Eastern Platinum Limited Company EBITDA Analysis
Eastern Platinum's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Eastern Platinum EBITDA | 23.48 M |
Most of Eastern Platinum's fundamental indicators, such as EBITDA, 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, Eastern Platinum Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Eastern EBITDA Driver Correlations
Understanding the fundamental principles of building solid financial models for Eastern Platinum is extremely important. It helps to project a fair market value of Eastern Stock properly, considering its historical fundamentals such as EBITDA. Since Eastern Platinum'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 Eastern Platinum'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 Eastern Platinum's interrelated accounts and indicators.
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In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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Eastern Ebitda
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According to the company disclosure, Eastern Platinum Limited reported earnings before interest,tax, depreciation and amortization of 23.48 M. This is 97.05% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The ebitda for all Canada stocks is 99.4% higher than that of the company.
Eastern EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eastern Platinum's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Eastern Platinum could also be used in its relative valuation, which is a method of valuing Eastern Platinum by comparing valuation metrics of similar companies.Eastern Platinum is currently under evaluation in ebitda category among its peers.
Eastern Platinum Current Valuation Drivers
We derive many important indicators used in calculating different scores of Eastern Platinum from analyzing Eastern Platinum's financial statements. These drivers represent accounts that assess Eastern Platinum's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Eastern Platinum's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 18.5M | 31.1M | 31.0M | 25.0M | 28.7M | 27.3M | |
| Enterprise Value | 16.6M | 33.9M | 32.5M | 8.3M | 9.5M | 9.1M |
Eastern Fundamentals
| Return On Equity | 0.0285 | |||
| Return On Asset | -0.0051 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | (0.52) % | |||
| Current Valuation | 25.09 M | |||
| Shares Outstanding | 202.49 M | |||
| Shares Owned By Insiders | 49.79 % | |||
| Number Of Shares Shorted | 3.12 K | |||
| Price To Earning | 220.00 X | |||
| Price To Book | 0.27 X | |||
| Price To Sales | 0.48 X | |||
| Revenue | 106.94 M | |||
| Gross Profit | 10.1 M | |||
| EBITDA | 23.48 M | |||
| Net Income | 13.75 M | |||
| Cash And Equivalents | 1.13 M | |||
| Cash Per Share | 0.05 X | |||
| Total Debt | 1.48 M | |||
| Debt To Equity | 0.73 % | |||
| Current Ratio | 1.58 X | |||
| Book Value Per Share | 0.47 X | |||
| Cash Flow From Operations | 18.89 M | |||
| Short Ratio | 0.41 X | |||
| Earnings Per Share | 0.02 X | |||
| Target Price | 0.74 | |||
| Beta | 1.53 | |||
| Market Capitalization | 36.45 M | |||
| Total Asset | 160.77 M | |||
| Retained Earnings | (836.77 M) | |||
| Working Capital | (15.5 M) | |||
| Current Asset | 59.33 M | |||
| Current Liabilities | 3.62 M | |||
| Net Asset | 160.77 M |
About Eastern Platinum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eastern Platinum Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eastern Platinum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eastern Platinum Limited 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.
Pair Trading with Eastern Platinum
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 Eastern Platinum 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 Eastern Platinum will appreciate offsetting losses from the drop in the long position's value.Moving together with Eastern Stock
Moving against Eastern Stock
The ability to find closely correlated positions to Eastern Platinum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Platinum 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 Eastern Platinum - 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 Eastern Platinum Limited to buy it.
The correlation of Eastern Platinum 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 Eastern Platinum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Platinum 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 Eastern Platinum 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.Other Information on Investing in Eastern Stock
Eastern Platinum financial ratios help investors to determine whether Eastern Stock 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 Eastern with respect to the benefits of owning Eastern Platinum security.