NioCorp Ev To Free Cash Flow vs Cash Per Share Analysis
| NB Stock | 1.39 0.03 2.21% |
NioCorp Developments financial indicator trend analysis is infinitely more than just investigating NioCorp Developments recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NioCorp Developments is a good investment. Please check the relationship between NioCorp Developments Ev To Free Cash Flow and its Cash Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Ev To Free Cash Flow vs Cash Per Share
Ev To Free Cash Flow vs Cash Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NioCorp Developments Ev To Free Cash Flow account and Cash Per Share. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between NioCorp Developments' Ev To Free Cash Flow and Cash Per Share is 0.44. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of NioCorp Developments Ltd, assuming nothing else is changed. The correlation between historical values of NioCorp Developments' Ev To Free Cash Flow and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of NioCorp Developments Ltd are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Ev To Free Cash Flow i.e., NioCorp Developments' Ev To Free Cash Flow and Cash Per Share go up and down completely randomly.
Correlation Coefficient | 0.44 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.Cash Per Share
Most indicators from NioCorp Developments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NioCorp Developments 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 NioCorp Developments Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. The current year's Tax Provision is expected to grow to about (132.1 K). In addition to that, Selling General Administrative is expected to decline to about 3.1 M
NioCorp Developments fundamental ratios Correlations
Click cells to compare fundamentals
NioCorp Developments Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NioCorp Developments fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 11.0M | 24.5M | 22.8M | 20.9M | 20.1M | 20.2M | |
| Total Current Liabilities | 8.0M | 3.9M | 5.1M | 3.6M | 12.0M | 6.9M | |
| Total Stockholder Equity | 2.6M | 13.2M | 17.7M | (11.0M) | 1M | 950K | |
| Net Debt | 5.0M | 3.5M | (1.0M) | 8.5M | 5.8M | 4.5M | |
| Retained Earnings | (94.7M) | (99.5M) | (110.4M) | (150.5M) | (161.9M) | (170.0M) | |
| Cash | 307K | 7.3M | 5.3M | 2.3M | 2.0M | 3.2M | |
| Non Current Assets Total | 10.7M | 17.1M | 17.1M | 17.2M | 17.1M | 16.5M | |
| Common Stock Shares Outstanding | 23.5M | 24.2M | 26.4M | 28.7M | 34.3M | 29.4M | |
| Non Current Liabilities Total | 344K | 7.3M | 23K | 26.2M | 5.6M | 7.4M | |
| Total Liab | 8.4M | 11.3M | 5.1M | 29.8M | 17.5M | 14.3M | |
| Net Invested Capital | 7.9M | 23.9M | 21.8M | (406K) | 8.7M | 9.3M | |
| Long Term Investments | 7K | 16K | 10K | 9K | 4K | 6.8K | |
| Short Long Term Debt | 4.9M | 3.4M | 2.8M | 7.7M | 8.8M | 4.6M | |
| Total Current Assets | 338K | 7.3M | 5.7M | 3.7M | 2.9M | 3.7M | |
| Capital Stock | 84.5M | 113.9M | 129.1M | 140.4M | 163.8M | 131.0M | |
| Net Working Capital | (7.7M) | 3.4M | 2.0M | 164K | (9.0M) | (8.6M) |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Diversified 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 NioCorp Developments. If investors know NioCorp 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 NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Return On Assets (0.42) | Return On Equity (7.72) |
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' 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 NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' 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 NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' 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.