Majestic Market Cap vs Enterprise Value Analysis

MJS Stock

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Majestic Gold financial indicator trend analysis is infinitely more than just investigating Majestic Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Majestic Gold Corp is a good investment. Please check the relationship between Majestic Gold Market Cap and its Enterprise Value accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Majestic Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Market Cap vs Enterprise Value

Market Cap vs Enterprise Value Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Majestic Gold Corp Market Cap account and Enterprise Value. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Majestic Gold's Market Cap and Enterprise Value is 0.92. Overlapping area represents the amount of variation of Market Cap that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Majestic Gold Corp, assuming nothing else is changed. The correlation between historical values of Majestic Gold's Market Cap and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Market Cap of Majestic Gold Corp are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Market Cap i.e., Majestic Gold's Market Cap and Enterprise Value go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

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Market Cap

Enterprise Value

Enterprise Value (or EV) is usually referred to as Majestic Gold theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Majestic Gold Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Majestic Gold value than its market capitalization because it takes into account all of Majestic Gold Corp existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.

Most indicators from Majestic Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Majestic Gold Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Majestic Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Majestic Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.28 in 2024, whereas Tax Provision is likely to drop slightly above 5.9 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	4.2M	7.0M	6.6M	6.9M
Income Tax Expense	5.8M	9.2M	7.2M	7.6M

Depreciation And Amortization Income Tax Expense

Majestic Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Net Receivables	Inventory	Other Current Assets	Non Currrent Assets Other	Short Term Investments	Short Long Term Debt Total	Short Term Debt	Net Tangible Assets	Current Deferred Revenue
Total Assets		0.02	0.5	0.97	0.58	-0.26	-0.18	-0.2	0.28	0.6	0.77	0.29	0.64	0.62	-0.11	0.59	0.87	0.32	0.39	0.73	0.67	0.14	-0.05	-0.05	0.81	0.73
Other Current Liab	0.02		0.18	0.02	0.27	0.08	-0.4	-0.06	-0.09	0.28	0.0	0.15	0.36	-0.01	-0.14	0.17	-0.14	0.26	0.01	-0.12	0.14	0.66	0.1	0.1	0.08	0.19
Total Current Liabilities	0.5	0.18		0.38	0.9	0.12	-0.81	-0.19	0.37	0.9	0.25	0.34	0.83	0.14	-0.32	0.93	0.08	0.33	0.48	-0.06	0.22	-0.05	0.62	0.62	0.46	0.26
Total Stockholder Equity	0.97	0.02	0.38		0.53	-0.39	-0.1	-0.1	0.35	0.56	0.81	0.37	0.62	0.72	0.04	0.53	0.87	0.23	0.42	0.69	0.72	0.19	-0.2	-0.21	0.88	0.78
Property Plant And Equipment Net	0.58	0.27	0.9	0.53		0.02	-0.79	-0.21	0.43	1.0	0.25	0.44	0.91	0.34	-0.15	0.93	0.12	0.32	0.63	-0.06	0.24	0.05	0.54	0.54	0.64	0.36
Net Debt	-0.26	0.08	0.12	-0.39	0.02		-0.13	-0.27	-0.73	-0.03	-0.52	-0.81	-0.15	-0.27	-0.24	0.03	-0.33	0.44	-0.37	-0.12	-0.64	0.11	0.64	0.64	-0.4	-0.43
Retained Earnings	-0.18	-0.4	-0.81	-0.1	-0.79	-0.13		-0.05	-0.3	-0.78	0.05	-0.35	-0.73	0.11	0.22	-0.69	0.3	-0.14	-0.59	0.43	-0.03	0.04	-0.62	-0.62	-0.17	0.0
Accounts Payable	-0.2	-0.06	-0.19	-0.1	-0.21	-0.27	-0.05		0.28	-0.21	-0.09	0.19	-0.06	-0.12	0.52	-0.19	-0.09	-0.13	0.17	-0.15	-0.11	-0.11	-0.23	-0.23	-0.09	-0.12
Cash	0.28	-0.09	0.37	0.35	0.43	-0.73	-0.3	0.28		0.44	0.25	0.93	0.4	0.25	0.32	0.42	0.09	-0.25	0.54	-0.15	0.3	-0.28	-0.01	-0.01	0.42	0.19
Non Current Assets Total	0.6	0.28	0.9	0.56	1.0	-0.03	-0.78	-0.21	0.44		0.31	0.47	0.93	0.36	-0.17	0.93	0.15	0.31	0.64	-0.04	0.3	0.08	0.49	0.48	0.68	0.41
Other Assets	0.77	0.0	0.25	0.81	0.25	-0.52	0.05	-0.09	0.25	0.31		0.31	0.49	0.47	-0.28	0.33	0.8	0.02	0.28	0.63	0.95	0.25	-0.52	-0.52	0.76	0.9
Cash And Short Term Investments	0.29	0.15	0.34	0.37	0.44	-0.81	-0.35	0.19	0.93	0.47	0.31		0.48	0.25	0.22	0.39	0.09	-0.25	0.59	-0.14	0.45	-0.08	-0.11	-0.11	0.46	0.31
Common Stock Shares Outstanding	0.64	0.36	0.83	0.62	0.91	-0.15	-0.73	-0.06	0.4	0.93	0.49	0.48		0.3	-0.26	0.85	0.27	0.25	0.71	0.07	0.51	0.21	0.23	0.23	0.76	0.62
Non Current Liabilities Total	0.62	-0.01	0.14	0.72	0.34	-0.27	0.11	-0.12	0.25	0.36	0.47	0.25	0.3		0.5	0.46	0.57	0.24	-0.01	0.41	0.4	0.22	-0.18	-0.18	0.75	0.49
Other Stockholder Equity	-0.11	-0.14	-0.32	0.04	-0.15	-0.24	0.22	0.52	0.32	-0.17	-0.28	0.22	-0.26	0.5		-0.09	-0.03	-0.05	-0.14	-0.09	-0.31	-0.09	-0.11	-0.11	0.05	-0.27
Total Liab	0.59	0.17	0.93	0.53	0.93	0.03	-0.69	-0.19	0.42	0.93	0.33	0.39	0.85	0.46	-0.09		0.19	0.37	0.42	0.02	0.28	0.05	0.5	0.5	0.67	0.39
Total Current Assets	0.87	-0.14	0.08	0.87	0.12	-0.33	0.3	-0.09	0.09	0.15	0.8	0.09	0.27	0.57	-0.03	0.19		0.22	0.1	0.94	0.67	0.17	-0.41	-0.41	0.66	0.72
Net Receivables	0.32	0.26	0.33	0.23	0.32	0.44	-0.14	-0.13	-0.25	0.31	0.02	-0.25	0.25	0.24	-0.05	0.37	0.22		-0.14	0.31	-0.03	0.36	0.35	0.35	0.21	0.08
Inventory	0.39	0.01	0.48	0.42	0.63	-0.37	-0.59	0.17	0.54	0.64	0.28	0.59	0.71	-0.01	-0.14	0.42	0.1	-0.14		-0.1	0.35	-0.06	0.09	0.09	0.48	0.35
Other Current Assets	0.73	-0.12	-0.06	0.69	-0.06	-0.12	0.43	-0.15	-0.15	-0.04	0.63	-0.14	0.07	0.41	-0.09	0.02	0.94	0.31	-0.1		0.49	0.22	-0.35	-0.35	0.44	0.57
Non Currrent Assets Other	0.67	0.14	0.22	0.72	0.24	-0.64	-0.03	-0.11	0.3	0.3	0.95	0.45	0.51	0.4	-0.31	0.28	0.67	-0.03	0.35	0.49		0.28	-0.57	-0.58	0.7	0.87
Short Term Investments	0.14	0.66	-0.05	0.19	0.05	0.11	0.04	-0.11	-0.28	0.08	0.25	-0.08	0.21	0.22	-0.09	0.05	0.17	0.36	-0.06	0.22	0.28		-0.2	-0.2	0.29	0.38
Short Long Term Debt Total	-0.05	0.1	0.62	-0.2	0.54	0.64	-0.62	-0.23	-0.01	0.49	-0.52	-0.11	0.23	-0.18	-0.11	0.5	-0.41	0.35	0.09	-0.35	-0.57	-0.2		1.0	-0.21	-0.46
Short Term Debt	-0.05	0.1	0.62	-0.21	0.54	0.64	-0.62	-0.23	-0.01	0.48	-0.52	-0.11	0.23	-0.18	-0.11	0.5	-0.41	0.35	0.09	-0.35	-0.58	-0.2	1.0		-0.21	-0.46
Net Tangible Assets	0.81	0.08	0.46	0.88	0.64	-0.4	-0.17	-0.09	0.42	0.68	0.76	0.46	0.76	0.75	0.05	0.67	0.66	0.21	0.48	0.44	0.7	0.29	-0.21	-0.21		0.84
Current Deferred Revenue	0.73	0.19	0.26	0.78	0.36	-0.43	0.0	-0.12	0.19	0.41	0.9	0.31	0.62	0.49	-0.27	0.39	0.72	0.08	0.35	0.57	0.87	0.38	-0.46	-0.46	0.84

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Majestic Gold Account Relationship Matchups

Majestic Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	120.1M	126.7M	128.0M	139.6M	187.2M	196.6M
Other Current Liab	7.4M	163.2K	1.2M	11.8M	150.9K	143.4K
Total Current Liabilities	24.4M	31.9M	24.8M	21.1M	25.9M	16.2M
Total Stockholder Equity	71.8M	76.7M	82.4M	87.1M	105.7M	111.0M
Retained Earnings	(65.8M)	(58.4M)	(54.5M)	(45.5M)	(27.2M)	(28.6M)
Accounts Payable	4.0M	16.5M	5.9M	4.9M	6.3M	6.1M
Cash	21.8M	33.8M	6.4M	4.9M	15.2M	9.7M
Other Assets	2.2M	2.7M	4.9M	3.9M	4.5M	4.7M
Other Stockholder Equity	7.4M	12.1M	14.1M	11.6M	13.3M	23.7M
Total Liab	28.2M	36.6M	35.2M	30.3M	34.9M	19.9M
Total Current Assets	29.9M	38.7M	38.8M	57.4M	102.3M	107.4M
Net Receivables	15.5K	18.3K	272.7K	1.2M	1.0M	636.4K
Inventory	4.4M	4.4M	3.1M	2.7M	3.1M	2.1M
Other Current Assets	6.7K	464.1K	156.8K	41.2M	83.0M	87.2M
Net Tangible Assets	63.1M	64.6M	76.7M	82.4M	94.8M	61.4M
Property Plant Equipment	73.9M	66.1M	83.1M	85.3M	98.1M	81.0M
Other Liab	5.5M	4.5M	4.7M	10.4M	11.9M	12.5M

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