Novo Resources Corp Stock Fundamentals
| NSRPF Stock | USD 0.06 0.0003 0.53% |
Novo Resources Corp fundamentals help investors to digest information that contributes to Novo Resources' financial success or failures. It also enables traders to predict the movement of Novo OTC Stock. The fundamental analysis module provides a way to measure Novo Resources' 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 Novo Resources otc stock.
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Novo Resources Corp OTC Stock Return On Equity Analysis
Novo Resources' 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 Novo Resources Return On Equity | -0.49 |
Most of Novo Resources' 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, Novo Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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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Based on the latest financial disclosure, Novo Resources Corp has a Return On Equity of -0.4899. This is 153.84% lower than that of the Metals & Mining sector and notably lower than that of the Materials industry. The return on equity for all United States stocks is 58.03% higher than that of the company.
Novo Resources Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Novo Resources's current stock value. Our valuation model uses many indicators to compare Novo Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novo Resources competition to find correlations between indicators driving Novo Resources's intrinsic value. More Info.Novo Resources Corp 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 . 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 Novo Resources' earnings, one of the primary drivers of an investment's value.Novo Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Novo Resources' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Novo Resources could also be used in its relative valuation, which is a method of valuing Novo Resources by comparing valuation metrics of similar companies.Novo Resources is currently under evaluation in return on equity category among its peers.
Novo Fundamentals
| Return On Equity | -0.49 | |||
| Return On Asset | -0.11 | |||
| Profit Margin | (1.28) % | |||
| Operating Margin | (0.61) % | |||
| Current Valuation | 14.68 M | |||
| Shares Outstanding | 262.15 M | |||
| Shares Owned By Insiders | 1.23 % | |||
| Shares Owned By Institutions | 0.31 % | |||
| Price To Earning | 1.95 X | |||
| Price To Book | 0.39 X | |||
| Price To Sales | 0.46 X | |||
| Revenue | 112.24 M | |||
| Gross Profit | 1.48 M | |||
| EBITDA | 43.34 M | |||
| Net Income | (704 K) | |||
| Cash And Equivalents | 74.88 M | |||
| Cash Per Share | 0.30 X | |||
| Total Debt | 37.38 M | |||
| Debt To Equity | 0.26 % | |||
| Current Ratio | 1.73 X | |||
| Book Value Per Share | 0.78 X | |||
| Cash Flow From Operations | (19.66 M) | |||
| Earnings Per Share | (0.05) X | |||
| Target Price | 0.5 | |||
| Number Of Employees | 111 | |||
| Beta | 1.4 | |||
| Market Capitalization | 62.29 M | |||
| Total Asset | 462.68 M | |||
| Retained Earnings | (9.59 M) | |||
| Working Capital | 1.46 M | |||
| Current Asset | 3.97 M | |||
| Current Liabilities | 2.51 M | |||
| Z Score | 0.6 | |||
| Net Asset | 462.68 M |
About Novo Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Novo Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Novo Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Novo Resources Corp based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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.Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. Novo Res operates under Gold classification in the United States and is traded on OTC Exchange. It employs 111 people.
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Other Information on Investing in Novo OTC Stock
Novo Resources financial ratios help investors to determine whether Novo OTC 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 Novo with respect to the benefits of owning Novo Resources security.