Nextsource Materials Stock Current Valuation
| NEXT Stock | CAD 0.52 0.02 4.00% |
Valuation analysis of NextSource Materials helps investors to measure NextSource Materials' intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 121.5 M, while Enterprise Value Over EBITDA is likely to drop (16.48). Fundamental drivers impacting NextSource Materials' valuation include:
Price Book 1.4032 | Enterprise Value 121.4 M | Enterprise Value Ebitda (20.33) |
Overvalued
Today
Please note that NextSource Materials' price fluctuation is extremely dangerous at this time. Calculation of the real value of NextSource Materials is based on 3 months time horizon. Increasing NextSource Materials' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since NextSource Materials is currently traded on the exchange, buyers and sellers on that exchange determine the market value of NextSource Stock. However, NextSource Materials' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 0.52 | Real 0.47 | Hype 0.5 | Naive 0.49 |
The intrinsic value of NextSource Materials' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence NextSource Materials' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of NextSource Materials helps investors to forecast how NextSource stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of NextSource Materials more accurately as focusing exclusively on NextSource Materials' fundamentals will not take into account other important factors: NextSource Materials Company Current Valuation Analysis
NextSource Materials' Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current NextSource Materials Current Valuation | 121.42 M |
Most of NextSource Materials' fundamental indicators, such as Current Valuation, 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, NextSource Materials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NextSource Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for NextSource Materials is extremely important. It helps to project a fair market value of NextSource Stock properly, considering its historical fundamentals such as Current Valuation. Since NextSource Materials' 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 NextSource Materials' 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 NextSource Materials' interrelated accounts and indicators.
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, NextSource Materials has a Current Valuation of 121.42 M. This is 98.94% lower than that of the Metals & Mining sector and 99.38% lower than that of the Materials industry. The current valuation for all Canada stocks is 99.27% higher than that of the company.
NextSource Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NextSource Materials' direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NextSource Materials could also be used in its relative valuation, which is a method of valuing NextSource Materials by comparing valuation metrics of similar companies.NextSource Materials is currently under evaluation in current valuation category among its peers.
NextSource Materials Current Valuation Drivers
We derive many important indicators used in calculating different scores of NextSource Materials from analyzing NextSource Materials' financial statements. These drivers represent accounts that assess NextSource Materials' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NextSource Materials' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 15.5M | 141.8M | 163.3M | 169.0M | 105.3M | 110.5M | |
| Enterprise Value | 15.3M | 119.4M | 153.9M | 173.6M | 115.7M | 121.5M |
NextSource Fundamentals
| Return On Equity | -0.23 | ||||
| Return On Asset | -0.0632 | ||||
| Current Valuation | 121.42 M | ||||
| Shares Outstanding | 183.55 M | ||||
| Shares Owned By Insiders | 49.06 % | ||||
| Shares Owned By Institutions | 0.01 % | ||||
| Number Of Shares Shorted | 147.81 K | ||||
| Price To Book | 1.40 X | ||||
| EBITDA | (4.58 M) | ||||
| Net Income | (11.68 M) | ||||
| Cash And Equivalents | 6.89 M | ||||
| Total Debt | 11.5 M | ||||
| Current Ratio | 1.48 X | ||||
| Book Value Per Share | 0.34 X | ||||
| Cash Flow From Operations | (7.05 M) | ||||
| Short Ratio | 1.59 X | ||||
| Earnings Per Share | (0.08) X | ||||
| Target Price | 2.45 | ||||
| Beta | 2.12 | ||||
| Market Capitalization | 100.95 M | ||||
| Total Asset | 52.98 M | ||||
| Retained Earnings | (142.45 M) | ||||
| Working Capital | 120.05 K | ||||
| Net Asset | 52.98 M |
About NextSource Materials Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NextSource Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NextSource Materials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NextSource 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.
Pair Trading with NextSource Materials
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 NextSource Materials 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 NextSource Materials will appreciate offsetting losses from the drop in the long position's value.Moving together with NextSource Stock
Moving against NextSource Stock
| 0.89 | RY | Royal Bank | PairCorr |
| 0.79 | FDY | Faraday Copper Corp | PairCorr |
| 0.78 | IE | Ivanhoe Energy | PairCorr |
| 0.78 | BOFA | Bank of America | PairCorr |
| 0.75 | RY-PJ | Royal Bank | PairCorr |
The ability to find closely correlated positions to NextSource Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NextSource Materials 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 NextSource Materials - 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 NextSource Materials to buy it.
The correlation of NextSource Materials 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 NextSource Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextSource Materials 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 NextSource Materials 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 NextSource Stock
NextSource Materials financial ratios help investors to determine whether NextSource 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 NextSource with respect to the benefits of owning NextSource Materials security.