This module uses fundamental data of GoldMining to approximate its Piotroski F score. GoldMining F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of GoldMining. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about GoldMining financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out GoldMining Altman Z Score, GoldMining Correlation, GoldMining Valuation, as well as analyze GoldMining Alpha and Beta and GoldMining Hype Analysis.
At this time, GoldMining's Interest Debt Per Share is most likely to increase slightly in the upcoming years. The GoldMining's current Long Term Debt To Capitalization is estimated to increase to 0.0005, while Short Term Debt is projected to decrease to roughly 72.1 K. At this time, GoldMining's Capex To Depreciation is most likely to drop in the upcoming years. The GoldMining's current PB Ratio is estimated to increase to 3.16, while Free Cash Flow Yield is forecasted to increase to (0.1).
At this time, it appears that GoldMining's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
The critical factor to consider when applying the Piotroski F Score to GoldMining is to make sure GoldMining is not a subject of accounting manipulations and runs a healthy internal audit department. So, if GoldMining's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if GoldMining's financial numbers are properly reported.
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between GoldMining's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards GoldMining in a much-optimized way.
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.
Book Value Per Share
0.7
At this time, GoldMining's Book Value Per Share is most likely to increase slightly in the upcoming years.
GoldMining Current Valuation Drivers
We derive many important indicators used in calculating different scores of GoldMining from analyzing GoldMining's financial statements. These drivers represent accounts that assess GoldMining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of GoldMining's important valuation drivers and their relationship over time.
The Macroaxis Fundamental Analysis modules help investors analyze GoldMining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GoldMining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GoldMining 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.
When determining whether GoldMining is a strong investment it is important to analyze GoldMining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GoldMining's future performance. For an informed investment choice regarding GoldMining Stock, refer to the following important reports:
For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoldMining. If investors know GoldMining will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.09)
Return On Assets
(0.12)
Return On Equity
(0.21)
The market value of GoldMining is measured differently than its book value, which is the value of GoldMining that is recorded on the company's balance sheet. Investors also form their own opinion of GoldMining's value that differs from its market value or its book value, called intrinsic value, which is GoldMining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoldMining's market value can be influenced by many factors that don't directly affect GoldMining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.