Neo Battery Materials Stock Return On Equity
| NBM Stock | CAD 0.88 0.03 3.53% |
Neo Battery Materials fundamentals help investors to digest information that contributes to Neo Battery's financial success or failures. It also enables traders to predict the movement of Neo Stock. The fundamental analysis module provides a way to measure Neo Battery'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 Neo Battery stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (1.38) | (1.31) |
Neo | Return On Equity |
Neo Battery Materials Company Return On Equity Analysis
Neo Battery'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 Neo Battery Return On Equity | -2.61 |
Most of Neo Battery'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, Neo Battery Materials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Neo Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Neo Battery is extremely important. It helps to project a fair market value of Neo Stock properly, considering its historical fundamentals such as Return On Equity. Since Neo Battery'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 Neo Battery'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 Neo Battery'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 |
Neo Other Stockholder Equity
Other Stockholder Equity |
|
Based on the latest financial disclosure, Neo Battery Materials has a Return On Equity of -2.6083. This is 386.63% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on equity for all Canada stocks is notably higher than that of the company.
Neo Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Neo Battery'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 Neo Battery could also be used in its relative valuation, which is a method of valuing Neo Battery by comparing valuation metrics of similar companies.Neo Battery is currently under evaluation in return on equity category among its peers.
Neo Fundamentals
| Return On Equity | -2.61 | ||||
| Return On Asset | -1.09 | ||||
| Current Valuation | 103.21 M | ||||
| Shares Outstanding | 117.86 M | ||||
| Shares Owned By Insiders | 7.23 % | ||||
| Number Of Shares Shorted | 56.29 K | ||||
| Price To Book | 73.44 X | ||||
| EBITDA | (3.32 M) | ||||
| Net Income | (2.84 M) | ||||
| Cash And Equivalents | 869.78 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 725.43 K | ||||
| Current Ratio | 0.60 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (2.52 M) | ||||
| Short Ratio | 0.25 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Beta | 1.68 | ||||
| Market Capitalization | 103.13 M | ||||
| Total Asset | 2.95 M | ||||
| Retained Earnings | (32.95 M) | ||||
| Working Capital | 561.93 K | ||||
| Net Asset | 2.95 M |
About Neo Battery Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Neo Battery Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Neo Battery using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Neo Battery Materials 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.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Neo Stock Analysis
When running Neo Battery's price analysis, check to measure Neo Battery'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 Neo Battery is operating at the current time. Most of Neo Battery's value examination focuses on studying past and present price action to predict the probability of Neo Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neo Battery's price. Additionally, you may evaluate how the addition of Neo Battery to your portfolios can decrease your overall portfolio volatility.