Numinus Wellness Stock Book Value Per Share

Understanding the fundamental principles of building solid financial models for Numinus Wellness is extremely important. It helps to project a fair market value of Numinus Stock properly, considering its historical fundamentals such as Book Value Per Share. Since Numinus Wellness' 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 Numinus Wellness' 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 Numinus Wellness' interrelated accounts and indicators.

The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.

In accordance with the recently published financial statements, the book value per share of Numinus Wellness is about 0.014 times. This is 100.82% lower than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The book value per share for all Canada stocks is 100.0% higher than that of the company.

We derive many important indicators used in calculating different scores of Numinus Wellness from analyzing Numinus Wellness' financial statements. These drivers represent accounts that assess Numinus Wellness' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Numinus Wellness' important valuation drivers and their relationship over time.

The Macroaxis Fundamental Analysis modules help investors analyze Numinus Wellness's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Numinus Wellness using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Numinus Wellness 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.

Numinus Wellness financial ratios help investors to determine whether Numinus 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 Numinus with respect to the benefits of owning Numinus Wellness security.