Karnalyte Resources Stock Net Income
| KRN Stock | CAD 0.23 0.01 4.55% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Karnalyte Resources' long-term financial health and intrinsic value.
| Last Reported | Projected for Next Year | ||
| Net Loss | -1.9 M | -2 M | |
| Net Loss | -1.9 M | -2 M | |
| Net Loss | -2 M | -2.1 M | |
| Net Loss | (0.03) | (0.03) | |
| Net Income Per E B T | 1.40 | 0.87 |
Karnalyte | Net Income |
Karnalyte Resources Company Net Income Analysis
Karnalyte Resources' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Karnalyte Resources Net Income | (1.66 M) |
Most of Karnalyte Resources' fundamental indicators, such as Net Income, 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, Karnalyte Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Karnalyte Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Karnalyte Resources is extremely important. It helps to project a fair market value of Karnalyte Stock properly, considering its historical fundamentals such as Net Income. Since Karnalyte Resources' 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 Karnalyte Resources' 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 Karnalyte Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Karnalyte Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Karnalyte Resources reported net income of (1.66 Million). This is 86.21% lower than that of the Chemicals sector and 100.71% lower than that of the Materials industry. The net income for all Canada stocks is 100.29% higher than that of the company.
Karnalyte Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Karnalyte Resources' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Karnalyte Resources could also be used in its relative valuation, which is a method of valuing Karnalyte Resources by comparing valuation metrics of similar companies.Karnalyte Resources is currently under evaluation in net income category among its peers.
Karnalyte Fundamentals
| Return On Equity | -0.2 | ||||
| Return On Asset | -0.25 | ||||
| Current Valuation | 11.38 M | ||||
| Shares Outstanding | 53.28 M | ||||
| Shares Owned By Insiders | 47.73 % | ||||
| Number Of Shares Shorted | 2.33 K | ||||
| Price To Earning | (3.76) X | ||||
| Price To Book | 2.97 X | ||||
| EBITDA | (1.6 M) | ||||
| Net Income | (1.66 M) | ||||
| Cash And Equivalents | 870 K | ||||
| Cash Per Share | 0.20 X | ||||
| Total Debt | 2.01 M | ||||
| Debt To Equity | 0.60 % | ||||
| Current Ratio | 16.32 X | ||||
| Book Value Per Share | 0.08 X | ||||
| Cash Flow From Operations | (955 K) | ||||
| Short Ratio | 0.34 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Target Price | 0.85 | ||||
| Beta | 1.01 | ||||
| Market Capitalization | 11.99 M | ||||
| Total Asset | 6.88 M | ||||
| Retained Earnings | (140.88 M) | ||||
| Working Capital | 504 K | ||||
| Net Asset | 6.88 M |
About Karnalyte Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Karnalyte Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Karnalyte Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Karnalyte Resources 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 Karnalyte Resources
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 Karnalyte Resources 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 Karnalyte Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Karnalyte Stock
| 0.8 | AG | First Majestic Silver | PairCorr |
| 0.8 | ORE | Orezone Gold Corp | PairCorr |
| 0.64 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
| 0.81 | FDY | Faraday Copper Corp | PairCorr |
Moving against Karnalyte Stock
| 0.68 | AML | Argus Metals Corp | PairCorr |
| 0.47 | INFM | Infinico Metals Corp | PairCorr |
| 0.44 | URZ | Urz Energy Corp | PairCorr |
The ability to find closely correlated positions to Karnalyte Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Karnalyte Resources 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 Karnalyte Resources - 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 Karnalyte Resources to buy it.
The correlation of Karnalyte Resources 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 Karnalyte Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Karnalyte Resources 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 Karnalyte Resources 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 Karnalyte Stock
Karnalyte Resources financial ratios help investors to determine whether Karnalyte 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 Karnalyte with respect to the benefits of owning Karnalyte Resources security.