Novagold Resources Stock Current Valuation
| NG Stock | USD 3.57 0.01 0.28% |
Valuation analysis of NovaGold Resources helps investors to measure NovaGold Resources' intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. The NovaGold Resources' current Enterprise Value is estimated to increase to about 1.9 B, while Enterprise Value Over EBITDA is projected to decrease to (53.81). Fundamental drivers impacting NovaGold Resources' valuation include:
Price Book 25.8 K | Enterprise Value 1.2 B | Enterprise Value Ebitda (40.37) |
Undervalued
Today
Please note that NovaGold Resources' price fluctuation is moderately volatile at this time. Calculation of the real value of NovaGold Resources is based on 3 months time horizon. Increasing NovaGold Resources' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the NovaGold stock is determined by what a typical buyer is willing to pay for full or partial control of NovaGold Resources. Since NovaGold Resources is currently traded on the exchange, buyers and sellers on that exchange determine the market value of NovaGold Stock. However, NovaGold Resources' 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 3.57 | Real 4.95 | Target 9.67 | Hype 3.49 | Naive 3.78 |
The real value of NovaGold Stock, also known as its intrinsic value, is the underlying worth of NovaGold Resources Company, which is reflected in its stock price. It is based on NovaGold Resources' financial performance, growth prospects, management team, or industry conditions. The intrinsic value of NovaGold Resources' 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, or news.
Estimating the potential upside or downside of NovaGold Resources helps investors to forecast how NovaGold 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 NovaGold Resources more accurately as focusing exclusively on NovaGold Resources' fundamentals will not take into account other important factors: NovaGold Resources Company Current Valuation Analysis
NovaGold Resources' 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 NovaGold Resources Current Valuation | 1.23 B |
Most of NovaGold Resources' 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, NovaGold Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NovaGold Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for NovaGold Resources is extremely important. It helps to project a fair market value of NovaGold Stock properly, considering its historical fundamentals such as Current Valuation. Since NovaGold 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 NovaGold 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 NovaGold Resources' interrelated accounts and indicators.
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NovaGold Current Valuation Historical Pattern
Today, most investors in NovaGold Resources Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NovaGold Resources' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current valuation growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of NovaGold Resources current valuation as a starting point in their analysis.
NovaGold Resources Current Valuation |
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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, NovaGold Resources has a Current Valuation of 1.23 B. This is 89.2% lower than that of the Metals & Mining sector and 68.66% lower than that of the Materials industry. The current valuation for all United States stocks is 92.59% higher than that of the company.
NovaGold Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NovaGold Resources' 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 NovaGold Resources could also be used in its relative valuation, which is a method of valuing NovaGold Resources by comparing valuation metrics of similar companies.NovaGold Resources is currently under evaluation in current valuation category among its peers.
NovaGold Resources ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NovaGold Resources' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NovaGold Resources' managers, analysts, and investors.Environmental | Governance | Social |
NovaGold Fundamentals
| Return On Equity | -17.91 | ||||
| Return On Asset | -0.12 | ||||
| Current Valuation | 1.23 B | ||||
| Shares Outstanding | 334.57 M | ||||
| Shares Owned By Insiders | 26.46 % | ||||
| Shares Owned By Institutions | 58.27 % | ||||
| Number Of Shares Shorted | 8.78 M | ||||
| Price To Earning | (37.59) X | ||||
| Price To Book | 25,838 X | ||||
| EBITDA | (40.31 M) | ||||
| Net Income | (46.8 M) | ||||
| Cash And Equivalents | 63.88 M | ||||
| Cash Per Share | 0.40 X | ||||
| Total Debt | 137.55 M | ||||
| Debt To Equity | 2.99 % | ||||
| Current Ratio | 45.44 X | ||||
| Book Value Per Share | (0.11) X | ||||
| Cash Flow From Operations | (7.79 M) | ||||
| Short Ratio | 8.80 X | ||||
| Earnings Per Share | (0.14) X | ||||
| Target Price | 7.5 | ||||
| Number Of Employees | 13 | ||||
| Beta | 1.1 | ||||
| Market Capitalization | 1.11 B | ||||
| Total Asset | 133.29 M | ||||
| Retained Earnings | (2.06 B) | ||||
| Working Capital | 123.31 M | ||||
| Current Asset | 107.34 M | ||||
| Current Liabilities | 3.05 M | ||||
| Net Asset | 133.29 M |
About NovaGold Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NovaGold Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NovaGold Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NovaGold 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.
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Check out NovaGold Resources Piotroski F Score and NovaGold Resources Altman Z Score analysis. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NovaGold Resources. If investors know NovaGold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.14) | Return On Assets (0.12) | Return On Equity (17.91) |
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NovaGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.