New Age Metals Stock Fundamentals
| NAM Stock | CAD 0.09 0.01 5.56% |
New Age Metals fundamentals help investors to digest information that contributes to New Age's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Age'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 New Age stock.
At this time, New Age's Other Operating Expenses is fairly stable compared to the past year. Total Operating Expenses is likely to climb to about 1 M in 2024, whereas Operating Income is likely to drop (1.1 M) in 2024. New | Select Account or Indicator |
New Age Metals Company Return On Equity Analysis
New Age's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current New Age Return On Equity | -0.0545 |
Most of New Age's fundamental indicators, such as Return On Equity, 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, New Age Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
New Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for New Age is extremely important. It helps to project a fair market value of New Stock properly, considering its historical fundamentals such as Return On Equity. Since New Age'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 New Age'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 New Age's interrelated accounts and indicators.
Click cells to compare fundamentals
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
New Total Stockholder Equity
Total Stockholder Equity |
|
Based on the latest financial disclosure, New Age Metals has a Return On Equity of -0.0545. This is 105.99% lower than that of the Metals & Mining sector and 111.35% lower than that of the Materials industry. The return on equity for all Canada stocks is 82.42% lower than that of the firm.
New Age Metals Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Age's current stock value. Our valuation model uses many indicators to compare New Age value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Age competition to find correlations between indicators driving New Age's intrinsic value. More Info.New Age Metals is regarded second in return on equity category among its peers. It also is regarded second in return on asset category among its peers . At this time, New Age's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the New Age's earnings, one of the primary drivers of an investment's value.New Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Age's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Age could also be used in its relative valuation, which is a method of valuing New Age by comparing valuation metrics of similar companies.New Age is currently under evaluation in return on equity category among its peers.
New Age Current Valuation Drivers
We derive many important indicators used in calculating different scores of New Age from analyzing New Age's financial statements. These drivers represent accounts that assess New Age's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of New Age's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 7.2M | 16.6M | 20.9M | 12.2M | 14.0M | 14.5M | |
| Enterprise Value | 5.4M | 8.0M | 13.7M | 8.1M | 9.3M | 10.7M |
New Fundamentals
| Return On Equity | -0.0545 | |||
| Return On Asset | -0.0452 | |||
| Current Valuation | 1.76 M | |||
| Shares Outstanding | 55.56 M | |||
| Shares Owned By Insiders | 26.54 % | |||
| Shares Owned By Institutions | 0.06 % | |||
| Number Of Shares Shorted | 89.33 K | |||
| Price To Book | 0.40 X | |||
| EBITDA | (1.02 M) | |||
| Net Income | (657.66 K) | |||
| Cash And Equivalents | 1.33 M | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 1.87 M | |||
| Current Ratio | 24.95 X | |||
| Book Value Per Share | 0.24 X | |||
| Cash Flow From Operations | (1.4 M) | |||
| Short Ratio | 1.16 X | |||
| Earnings Per Share | (0.01) X | |||
| Target Price | 0.76 | |||
| Beta | 1.31 | |||
| Market Capitalization | 5 M | |||
| Total Asset | 15.44 M | |||
| Retained Earnings | (50.76 M) | |||
| Working Capital | 3.97 M | |||
| Net Asset | 15.44 M |
About New Age Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Age Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Age using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Age 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 15.3 K | 13.6 K | |
| Cost Of Revenue | 52 K | 54.6 K |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for New Stock Analysis
When running New Age's price analysis, check to measure New Age'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 New Age is operating at the current time. Most of New Age's value examination focuses on studying past and present price action to predict the probability of New Age's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Age's price. Additionally, you may evaluate how the addition of New Age to your portfolios can decrease your overall portfolio volatility.