Erdene Resource Development Stock Revenue
| 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 |
Erdene | Revenue |
Erdene Resource Development Company Revenue Analysis
Erdene Resource's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Erdene Revenue 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 Revenue. 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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Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Erdene Current Deferred Revenue
Current Deferred Revenue |
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Based on the latest financial disclosure, Erdene Resource Development reported 0.0 of revenue. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The revenue for all Canada stocks is 100.0% higher than that of the company.
Erdene Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Erdene Resource's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Erdene Resource could also be used in its relative valuation, which is a method of valuing Erdene Resource by comparing valuation metrics of similar companies.Erdene Resource is currently under evaluation in revenue category among its peers.
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 | 208.56 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 | 3.79 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 |
| 0.73 | IE | Ivanhoe Energy | PairCorr |
| 0.82 | FDY | Faraday Copper Corp | PairCorr |
Moving against Erdene Stock
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.