Forum Energy Metals Stock Beta
| FMC Stock | CAD 0.07 0.01 12.50% |
Forum Energy Metals fundamentals help investors to digest information that contributes to Forum Energy's financial success or failures. It also enables traders to predict the movement of Forum Stock. The fundamental analysis module provides a way to measure Forum Energy'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 Forum Energy stock.
Forum | Beta |
Forum Energy Metals Company Beta Analysis
Forum Energy's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Forum Energy Beta | 1.17 |
Most of Forum Energy's fundamental indicators, such as Beta, 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, Forum Energy Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Forum Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Forum Energy is extremely important. It helps to project a fair market value of Forum Stock properly, considering its historical fundamentals such as Beta. Since Forum Energy'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 Forum Energy'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 Forum Energy's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Forum Energy Metals has a Beta of 1.174. This is 34.94% higher than that of the Metals & Mining sector and about the same as Materials (which currently averages 1.17) industry. The beta for all Canada stocks is notably lower than that of the firm.
Forum Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Forum Energy's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Forum Energy could also be used in its relative valuation, which is a method of valuing Forum Energy by comparing valuation metrics of similar companies.Forum Energy is currently under evaluation in beta category among its peers.
Forum Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Forum Energy from analyzing Forum Energy's financial statements. These drivers represent accounts that assess Forum Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Forum Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 13.7M | 28.8M | 18.8M | 26.7M | 24.0M | 25.2M | |
| Enterprise Value | 13.5M | 25.7M | 17.7M | 25.3M | 22.7M | 23.9M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Forum Energy will likely underperform.
Forum Fundamentals
| Return On Equity | -2.57 | ||||
| Return On Asset | -1.22 | ||||
| Current Valuation | 16.35 M | ||||
| Shares Outstanding | 294.56 M | ||||
| Shares Owned By Insiders | 4.98 % | ||||
| Shares Owned By Institutions | 0.21 % | ||||
| Number Of Shares Shorted | 88.47 K | ||||
| Price To Book | 6.19 X | ||||
| EBITDA | (6.46 M) | ||||
| Net Income | (5.36 M) | ||||
| Cash And Equivalents | 208.44 K | ||||
| Total Debt | 1.27 M | ||||
| Debt To Equity | 2.90 % | ||||
| Current Ratio | 1.17 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (6.7 M) | ||||
| Short Ratio | 0.34 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Beta | 1.17 | ||||
| Market Capitalization | 22.09 M | ||||
| Total Asset | 3.45 M | ||||
| Retained Earnings | (66.04 M) | ||||
| Working Capital | 1.02 M | ||||
| Net Asset | 3.45 M |
About Forum Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Forum Energy Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Forum Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Forum Energy Metals 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 Forum Stock Analysis
When running Forum Energy's price analysis, check to measure Forum Energy'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 Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.