Erdene Resource Development Stock Price To Sales
| ERD Stock | CAD 0.59 0.01 1.67% |
Erdene Resource Development fundamentals help investors to digest information that contributes to Erdene Resource's financial success or failures. It also enables traders to predict the movement of Erdene Stock. The fundamental analysis module provides a way to measure Erdene Resource'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 Erdene Resource stock.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 22.45 | 21.33 |
Erdene | Price To Sales |
Erdene Resource Development Company Price To Sales Analysis
Erdene Resource's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current Erdene Resource Price To Sales | 21.33 |
Most of Erdene Resource's fundamental indicators, such as Price To Sales, 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, Erdene Resource Development is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Erdene Price To Sales Driver Correlations
Understanding the fundamental principles of building solid financial models for Erdene Resource is extremely important. It helps to project a fair market value of Erdene Stock properly, considering its historical fundamentals such as Price To Sales. Since Erdene Resource'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 Erdene Resource'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 Erdene Resource's interrelated accounts and indicators.
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The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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Erdene Price To Sales Ratio
Price To Sales Ratio |
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Erdene Resource Current Valuation Drivers
We derive many important indicators used in calculating different scores of Erdene Resource from analyzing Erdene Resource's financial statements. These drivers represent accounts that assess Erdene Resource's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Erdene Resource's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 32.1M | 88.8M | 118.7M | 85.7M | 77.2M | 81.0M | |
| Enterprise Value | 33.4M | 76.1M | 111.8M | 78.4M | 70.6M | 74.1M |
Erdene Fundamentals
| Return On Equity | -0.13 | ||||
| Return On Asset | -0.0656 | ||||
| Current Valuation | 205.04 M | ||||
| Shares Outstanding | 352.64 M | ||||
| Shares Owned By Insiders | 22.43 % | ||||
| Shares Owned By Institutions | 6.30 % | ||||
| Number Of Shares Shorted | 22.02 K | ||||
| Price To Earning | (29.60) X | ||||
| Price To Book | 3.72 X | ||||
| EBITDA | (3.95 M) | ||||
| Net Income | 522.04 K | ||||
| Cash And Equivalents | 7.06 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 22.94 K | ||||
| Debt To Equity | 1.04 % | ||||
| Current Ratio | 1.87 X | ||||
| Book Value Per Share | 0.17 X | ||||
| Cash Flow From Operations | (2.05 M) | ||||
| Short Ratio | 0.02 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Target Price | 1.0 | ||||
| Number Of Employees | 470 | ||||
| Beta | 1.63 | ||||
| Market Capitalization | 211.58 M | ||||
| Total Asset | 59.06 M | ||||
| Retained Earnings | (128.51 M) | ||||
| Working Capital | 5.63 M | ||||
| Net Asset | 59.06 M |
About Erdene Resource Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Erdene Resource Development's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Erdene Resource using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Erdene Resource Development 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 Erdene Resource
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 Erdene Resource 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 Erdene Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Erdene Stock
| 0.74 | AG | First Majestic Silver | PairCorr |
| 0.71 | IE | Ivanhoe Energy | PairCorr |
| 0.82 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Erdene Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erdene Resource 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 Erdene Resource - 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 Erdene Resource Development to buy it.
The correlation of Erdene Resource 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 Erdene Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erdene Resource Deve 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 Erdene Resource 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 Erdene Stock
Erdene Resource financial ratios help investors to determine whether Erdene 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 Erdene with respect to the benefits of owning Erdene Resource security.