Newcore Gold Stock Fundamentals
| NCAU Stock | CAD 0.32 0.01 3.23% |
Newcore Gold fundamentals help investors to digest information that contributes to Newcore Gold's financial success or failures. It also enables traders to predict the movement of Newcore Stock. The fundamental analysis module provides a way to measure Newcore Gold'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 Newcore Gold stock.
At this time, Newcore Gold's Net Interest Income is fairly stable compared to the past year. Interest Income is likely to climb to about 190.3 K in 2024, whereas Net Loss is likely to drop (2.5 M) in 2024. Newcore | Select Account or Indicator |
Newcore Gold Company Return On Equity Analysis
Newcore Gold'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 Newcore Gold Return On Equity | -0.0394 |
Most of Newcore Gold'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, Newcore Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Newcore Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Newcore Gold is extremely important. It helps to project a fair market value of Newcore Stock properly, considering its historical fundamentals such as Return On Equity. Since Newcore Gold'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 Newcore Gold'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 Newcore Gold's interrelated accounts and indicators.
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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.
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Newcore Total Stockholder Equity
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Based on the latest financial disclosure, Newcore Gold has a Return On Equity of -0.0394. This is 104.33% lower than that of the Metals & Mining sector and 139.4% lower than that of the Materials industry. The return on equity for all Canada stocks is 87.29% lower than that of the firm.
Newcore Gold Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Newcore Gold's current stock value. Our valuation model uses many indicators to compare Newcore Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Newcore Gold competition to find correlations between indicators driving Newcore Gold's intrinsic value. More Info.Newcore Gold is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . At this time, Newcore Gold'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 Newcore Gold's earnings, one of the primary drivers of an investment's value.Newcore Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Newcore Gold'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 Newcore Gold could also be used in its relative valuation, which is a method of valuing Newcore Gold by comparing valuation metrics of similar companies.Newcore Gold is currently under evaluation in return on equity category among its peers.
Newcore Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of Newcore Gold from analyzing Newcore Gold's financial statements. These drivers represent accounts that assess Newcore Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Newcore Gold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 10.0M | 54.2M | 56.1M | 29.7M | 21.8M | 14.0M | |
| Enterprise Value | 9.9M | 53.0M | 55.3M | 29.1M | 18.0M | 13.3M |
Newcore Fundamentals
| Return On Equity | -0.0394 | ||||
| Return On Asset | -0.0193 | ||||
| Current Valuation | 57.47 M | ||||
| Shares Outstanding | 208.58 M | ||||
| Shares Owned By Insiders | 18.33 % | ||||
| Shares Owned By Institutions | 32.94 % | ||||
| Number Of Shares Shorted | 119.98 K | ||||
| Price To Book | 1.21 X | ||||
| EBITDA | (1.49 M) | ||||
| Net Income | (2.42 M) | ||||
| Cash And Equivalents | 13.21 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 170.25 K | ||||
| Current Ratio | 9.22 X | ||||
| Book Value Per Share | 0.27 X | ||||
| Cash Flow From Operations | (1.99 M) | ||||
| Short Ratio | 1.22 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Target Price | 0.8 | ||||
| Number Of Employees | 18 | ||||
| Beta | 1.23 | ||||
| Market Capitalization | 65.7 M | ||||
| Total Asset | 46.23 M | ||||
| Retained Earnings | (15.78 M) | ||||
| Working Capital | 3.9 M | ||||
| Net Asset | 46.23 M |
About Newcore Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Newcore Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Newcore Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Newcore Gold 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 | ||
| Cost Of Revenue | 11.3 K | 11.9 K |
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Additional Tools for Newcore Stock Analysis
When running Newcore Gold's price analysis, check to measure Newcore Gold'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 Newcore Gold is operating at the current time. Most of Newcore Gold's value examination focuses on studying past and present price action to predict the probability of Newcore Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newcore Gold's price. Additionally, you may evaluate how the addition of Newcore Gold to your portfolios can decrease your overall portfolio volatility.