Starcore International Mines Stock Book Value Per Share
| SAM Stock | CAD 0.14 0.02 12.50% |
Starcore International Mines fundamentals help investors to digest information that contributes to Starcore International's financial success or failures. It also enables traders to predict the movement of Starcore Stock. The fundamental analysis module provides a way to measure Starcore International'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 Starcore International stock.
| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.67 | 1.39 | |
| Tangible Book Value Per Share | 0.67 | 1.39 |
Starcore | Book Value Per Share |
Starcore International Mines Company Book Value Per Share Analysis
Starcore International's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
Current Starcore International Book Value Per Share | 0.55 X |
Most of Starcore International's fundamental indicators, such as Book Value Per Share, 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, Starcore International Mines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Starcore Book Value Per Share Driver Correlations
Understanding the fundamental principles of building solid financial models for Starcore International is extremely important. It helps to project a fair market value of Starcore Stock properly, considering its historical fundamentals such as Book Value Per Share. Since Starcore International'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 Starcore International'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 Starcore International's interrelated accounts and indicators.
Click cells to compare fundamentals
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.
| Competition |
Starcore Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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In accordance with the recently published financial statements, the book value per share of Starcore International Mines is about 0.551 times. This is 99.89% lower than that of the Metals & Mining sector and 90.25% lower than that of the Materials industry. The book value per share for all Canada stocks is 99.97% higher than that of the company.
Starcore Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Starcore International's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Starcore International could also be used in its relative valuation, which is a method of valuing Starcore International by comparing valuation metrics of similar companies.Starcore International is currently under evaluation in book value per share category among its peers.
Starcore International Current Valuation Drivers
We derive many important indicators used in calculating different scores of Starcore International from analyzing Starcore International's financial statements. These drivers represent accounts that assess Starcore International's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Starcore International's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 4.5M | 11.9M | 10.4M | 8.9M | 8.4M | 18.0M | |
| Enterprise Value | 7.3M | 8.5M | 2.5M | 6.6M | 3.9M | 15.9M |
Starcore Fundamentals
| Return On Equity | 0.0967 | |||
| Return On Asset | 0.0125 | |||
| Profit Margin | 0.12 % | |||
| Operating Margin | 0.13 % | |||
| Current Valuation | 3.67 M | |||
| Shares Outstanding | 66.86 M | |||
| Shares Owned By Insiders | 13.65 % | |||
| Number Of Shares Shorted | 255 | |||
| Price To Earning | 5.62 X | |||
| Price To Book | 0.28 X | |||
| Price To Sales | 0.35 X | |||
| Revenue | 28.33 M | |||
| Gross Profit | 8.72 M | |||
| EBITDA | 901 K | |||
| Net Income | 1.63 M | |||
| Cash And Equivalents | 3.76 M | |||
| Cash Per Share | 0.05 X | |||
| Total Debt | 758 K | |||
| Debt To Equity | 11.70 % | |||
| Current Ratio | 1.53 X | |||
| Book Value Per Share | 0.55 X | |||
| Cash Flow From Operations | 1.89 M | |||
| Short Ratio | 0.01 X | |||
| Earnings Per Share | (0.03) X | |||
| Target Price | 0.67 | |||
| Number Of Employees | 53 | |||
| Beta | 0.34 | |||
| Market Capitalization | 10.7 M | |||
| Total Asset | 51.97 M | |||
| Retained Earnings | (27.83 M) | |||
| Working Capital | 9.13 M | |||
| Net Asset | 51.97 M |
About Starcore International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Starcore International Mines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Starcore International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Starcore International Mines 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 Starcore International
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 Starcore International 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 Starcore International will appreciate offsetting losses from the drop in the long position's value.Moving together with Starcore Stock
| 0.65 | AG | First Majestic Silver | PairCorr |
| 0.61 | IE | Ivanhoe Energy | PairCorr |
| 0.68 | FDY | Faraday Copper Corp | PairCorr |
Moving against Starcore Stock
The ability to find closely correlated positions to Starcore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starcore International 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 Starcore International - 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 Starcore International Mines to buy it.
The correlation of Starcore International 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 Starcore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Starcore International 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 Starcore International 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 Starcore Stock
Starcore International financial ratios help investors to determine whether Starcore 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 Starcore with respect to the benefits of owning Starcore International security.