Globex Mining Enterprises Stock Fundamentals
| GMX Stock | CAD 1.08 0.03 2.70% |
Globex Mining Enterprises fundamentals help investors to digest information that contributes to Globex Mining's financial success or failures. It also enables traders to predict the movement of Globex Stock. The fundamental analysis module provides a way to measure Globex Mining'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 Globex Mining stock.
At this time, Globex Mining's Selling And Marketing Expenses is very stable compared to the past year. As of the 27th of November 2024, Non Recurring is likely to grow to about 2.1 M, while Total Revenue is likely to drop about 3 M. Globex | Select Account or Indicator |
Globex Mining Enterprises Company Profit Margin Analysis
Globex Mining's Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Current Globex Mining Profit Margin | 1.03 % |
Most of Globex Mining's fundamental indicators, such as Profit Margin, 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, Globex Mining Enterprises is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Globex Profit Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for Globex Mining is extremely important. It helps to project a fair market value of Globex Stock properly, considering its historical fundamentals such as Profit Margin. Since Globex Mining'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 Globex Mining'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 Globex Mining's interrelated accounts and indicators.
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In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
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Globex Pretax Profit Margin
Pretax Profit Margin |
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Based on the latest financial disclosure, Globex Mining Enterprises has a Profit Margin of 1.0335%. This is 117.37% lower than that of the Metals & Mining sector and 52.37% lower than that of the Materials industry. The profit margin for all Canada stocks is 181.38% lower than that of the firm.
Globex Mining Enterprises Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Globex Mining's current stock value. Our valuation model uses many indicators to compare Globex Mining value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Globex Mining competition to find correlations between indicators driving Globex Mining's intrinsic value. More Info.Globex Mining Enterprises is rated # 2 in return on equity category among its peers. It also is rated # 2 in return on asset category among its peers reporting about 0.19 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Globex Mining Enterprises is roughly 5.24 . At this time, Globex Mining's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Globex Mining by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Globex Mining's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Globex Mining Current Valuation Drivers
We derive many important indicators used in calculating different scores of Globex Mining from analyzing Globex Mining's financial statements. These drivers represent accounts that assess Globex Mining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Globex Mining's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 19.1M | 37.7M | 60.7M | 38.3M | 51.5M | 54.1M | |
| Enterprise Value | 17.4M | 33.0M | 48.6M | 36.8M | 44.9M | 47.2M |
Globex Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0286 | ||||
| Profit Margin | 1.03 % | ||||
| Operating Margin | (2.92) % | ||||
| Current Valuation | 33.27 M | ||||
| Shares Outstanding | 56.07 M | ||||
| Shares Owned By Insiders | 13.21 % | ||||
| Number Of Shares Shorted | 37.84 K | ||||
| Price To Earning | 43.57 X | ||||
| Price To Book | 1.87 X | ||||
| Price To Sales | 13.97 X | ||||
| Revenue | 4.13 M | ||||
| Gross Profit | 35.27 M | ||||
| EBITDA | 1.39 M | ||||
| Net Income | 1.37 M | ||||
| Cash And Equivalents | 3.28 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 171.4 K | ||||
| Debt To Equity | 1.10 % | ||||
| Current Ratio | 12.63 X | ||||
| Book Value Per Share | 0.58 X | ||||
| Cash Flow From Operations | 2.27 M | ||||
| Short Ratio | 0.18 X | ||||
| Earnings Per Share | 0.08 X | ||||
| Beta | 1.2 | ||||
| Market Capitalization | 62.23 M | ||||
| Total Asset | 32.42 M | ||||
| Retained Earnings | (29.06 M) | ||||
| Working Capital | 24.54 M | ||||
| Net Asset | 32.42 M |
About Globex Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Globex Mining Enterprises's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Globex Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Globex Mining Enterprises 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 68.2 K | 60.6 K | |
| Total Revenue | 4.1 M | 3 M | |
| Cost Of Revenue | 77.5 K | 53 K | |
| Stock Based Compensation To Revenue | 0.06 | 0.06 | |
| Sales General And Administrative To Revenue | 0.27 | 0.26 | |
| Capex To Revenue | 0.05 | 0.04 | |
| Revenue Per Share | 0.07 | 0.06 | |
| Ebit Per Revenue | 0.31 | 0.33 |
Pair Trading with Globex Mining
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 Globex Mining 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 Globex Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Globex Stock
| 0.77 | AG | First Majestic Silver | PairCorr |
| 0.88 | IE | Ivanhoe Energy | PairCorr |
| 0.89 | FDY | Faraday Copper Corp | PairCorr |
Moving against Globex Stock
The ability to find closely correlated positions to Globex Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globex Mining 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 Globex Mining - 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 Globex Mining Enterprises to buy it.
The correlation of Globex Mining 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 Globex Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globex Mining Enterprises 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 Globex Mining 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 Globex Stock
Globex Mining financial ratios help investors to determine whether Globex 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 Globex with respect to the benefits of owning Globex Mining security.