Sky Earnings Yield vs Book Value Per Share Analysis

SKYG Stock

CAD 0.03 0.01 14.29%

Sky Gold financial indicator trend analysis is much more than just breaking down Sky Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sky Gold Corp is a good investment. Please check the relationship between Sky Gold Earnings Yield and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sky 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 price.

Earnings Yield vs Book Value Per Share

Earnings Yield vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sky Gold Corp Earnings Yield account and Book Value Per Share. At this time, the significance of the direction appears to have weak relationship.

The correlation between Sky Gold's Earnings Yield and Book Value Per Share is 0.31. Overlapping area represents the amount of variation of Earnings Yield that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Sky Gold Corp, assuming nothing else is changed. The correlation between historical values of Sky Gold's Earnings Yield and Book Value 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 Earnings Yield of Sky Gold Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Earnings Yield i.e., Sky Gold's Earnings Yield and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Earnings Yield

The inverse of the price-to-earnings ratio, representing the percentage of each dollar invested in the stock that was earned by the company.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Sky Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sky 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sky 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 price.

At this time, Sky Gold's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (3.70) in 2024.

Sky Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Property Plant And Equipment Net	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Net Tangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt	Other Assets	Net Invested Capital	Net Working Capital
Total Assets		-0.23	0.99	-0.61	-0.24	0.14	0.62	0.62	0.22	0.18	-0.2	-0.22	0.6	0.98	0.02	0.96	-0.14	-0.35	-0.14	0.41	0.43	0.31	-0.09	0.3	0.91	0.33
Total Current Liabilities	-0.23		-0.36	0.32	0.55	0.11	-0.25	-0.25	-0.16	-0.48	0.55	1.0	-0.26	-0.14	-0.43	-0.15	0.25	0.7	0.25	-0.52	-0.59	-0.5	0.23	-0.53	-0.16	-0.08
Total Stockholder Equity	0.99	-0.36		-0.62	-0.31	0.13	0.62	0.62	0.23	0.24	-0.27	-0.34	0.6	0.96	0.08	0.94	-0.16	-0.43	-0.16	0.47	0.49	0.36	-0.11	0.35	0.9	0.33
Net Debt	-0.61	0.32	-0.62		0.14	0.25	-0.97	-0.97	-0.48	-0.05	0.23	0.28	-0.95	-0.48	0.21	-0.47	0.35	0.2	0.35	-0.26	-0.28	-0.1	0.32	-0.48	-0.6	-0.9
Retained Earnings	-0.24	0.55	-0.31	0.14		0.11	-0.07	-0.07	0.03	-0.91	0.12	0.55	-0.03	-0.24	-0.81	-0.18	0.48	0.71	0.48	-0.9	-0.93	-0.9	0.45	-0.63	-0.09	0.19
Accounts Payable	0.14	0.11	0.13	0.25	0.11		-0.18	-0.18	0.16	-0.19	0.03	0.1	-0.08	0.17	-0.13	0.23	0.6	-0.31	0.6	-0.1	-0.17	-0.04	0.8	-0.33	0.12	-0.28
Cash	0.62	-0.25	0.62	-0.97	-0.07	-0.18		1.0	0.43	-0.05	-0.13	-0.22	0.96	0.48	-0.32	0.48	-0.16	-0.24	-0.16	0.18	0.2	0.02	-0.22	0.4	0.62	0.9
Cash And Short Term Investments	0.62	-0.25	0.62	-0.97	-0.07	-0.18	1.0		0.43	-0.05	-0.13	-0.22	0.96	0.48	-0.32	0.48	-0.16	-0.24	-0.16	0.18	0.2	0.02	-0.22	0.4	0.62	0.9
Net Receivables	0.22	-0.16	0.23	-0.48	0.03	0.16	0.43	0.43		-0.15	-0.22	-0.09	0.64	0.1	-0.14	0.08	0.02	-0.18	0.02	0.0	-0.02	-0.11	0.12	0.5	0.02	0.5
Common Stock Shares Outstanding	0.18	-0.48	0.24	-0.05	-0.91	-0.19	-0.05	-0.05	-0.15		-0.09	-0.5	-0.11	0.2	0.94	0.13	-0.53	-0.48	-0.53	0.94	0.87	0.97	-0.52	0.49	0.04	-0.27
Other Stockholder Equity	-0.2	0.55	-0.27	0.23	0.12	0.03	-0.13	-0.13	-0.22	-0.09		0.54	-0.2	-0.17	-0.11	-0.1	0.15	0.14	0.15	-0.23	-0.24	-0.14	-0.21	-0.28	-0.16	-0.02
Total Liab	-0.22	1.0	-0.34	0.28	0.55	0.1	-0.22	-0.22	-0.09	-0.5	0.54		-0.2	-0.14	-0.45	-0.14	0.23	0.69	0.23	-0.53	-0.59	-0.51	0.21	-0.46	-0.15	-0.03
Total Current Assets	0.6	-0.26	0.6	-0.95	-0.03	-0.08	0.96	0.96	0.64	-0.11	-0.2	-0.2		0.45	-0.34	0.44	-0.1	-0.26	-0.1	0.14	0.15	-0.03	-0.11	0.47	0.54	0.89
Non Current Assets Total	0.98	-0.14	0.96	-0.48	-0.24	0.17	0.48	0.48	0.1	0.2	-0.17	-0.14	0.45		0.07	0.98	-0.14	-0.29	-0.14	0.41	0.42	0.33	-0.07	0.22	0.91	0.2
Non Currrent Assets Other	0.02	-0.43	0.08	0.21	-0.81	-0.13	-0.32	-0.32	-0.14	0.94	-0.11	-0.45	-0.34	0.07		0.0	-0.46	-0.38	-0.46	0.84	0.75	0.9	-0.44	0.44	-0.11	-0.47
Property Plant And Equipment Net	0.96	-0.15	0.94	-0.47	-0.18	0.23	0.48	0.48	0.08	0.13	-0.1	-0.14	0.44	0.98	0.0		-0.13	-0.29	-0.13	0.33	0.35	0.26	-0.06	0.17	0.93	0.22
Short Long Term Debt Total	-0.14	0.25	-0.16	0.35	0.48	0.6	-0.16	-0.16	0.02	-0.53	0.15	0.23	-0.1	-0.14	-0.46	-0.13		-0.06	1.0	-0.47	-0.52	-0.46	0.8	-0.56	-0.13	-0.18
Other Current Liab	-0.35	0.7	-0.43	0.2	0.71	-0.31	-0.24	-0.24	-0.18	-0.48	0.14	0.69	-0.26	-0.29	-0.38	-0.29	-0.06		-0.06	-0.57	-0.63	-0.56	0.0	-0.51	-0.22	0.05
Short Term Debt	-0.14	0.25	-0.16	0.35	0.48	0.6	-0.16	-0.16	0.02	-0.53	0.15	0.23	-0.1	-0.14	-0.46	-0.13	1.0	-0.06		-0.47	-0.52	-0.46	0.8	-0.56	-0.13	-0.18
Net Tangible Assets	0.41	-0.52	0.47	-0.26	-0.9	-0.1	0.18	0.18	0.0	0.94	-0.23	-0.53	0.14	0.41	0.84	0.33	-0.47	-0.57	-0.47		0.91	0.98	-0.42	0.59	0.27	-0.1
Common Stock	0.43	-0.59	0.49	-0.28	-0.93	-0.17	0.2	0.2	-0.02	0.87	-0.24	-0.59	0.15	0.42	0.75	0.35	-0.52	-0.63	-0.52	0.91		0.88	-0.47	0.64	0.29	-0.08
Property Plant Equipment	0.31	-0.5	0.36	-0.1	-0.9	-0.04	0.02	0.02	-0.11	0.97	-0.14	-0.51	-0.03	0.33	0.9	0.26	-0.46	-0.56	-0.46	0.98	0.88		-0.41	0.5	0.18	-0.25
Short Long Term Debt	-0.09	0.23	-0.11	0.32	0.45	0.8	-0.22	-0.22	0.12	-0.52	-0.21	0.21	-0.11	-0.07	-0.44	-0.06	0.8	0.0	0.8	-0.42	-0.47	-0.41		-0.55	-0.1	-0.25
Other Assets	0.3	-0.53	0.35	-0.48	-0.63	-0.33	0.4	0.4	0.5	0.49	-0.28	-0.46	0.47	0.22	0.44	0.17	-0.56	-0.51	-0.56	0.59	0.64	0.5	-0.55		0.18	0.32
Net Invested Capital	0.91	-0.16	0.9	-0.6	-0.09	0.12	0.62	0.62	0.02	0.04	-0.16	-0.15	0.54	0.91	-0.11	0.93	-0.13	-0.22	-0.13	0.27	0.29	0.18	-0.1	0.18		0.42
Net Working Capital	0.33	-0.08	0.33	-0.9	0.19	-0.28	0.9	0.9	0.5	-0.27	-0.02	-0.03	0.89	0.2	-0.47	0.22	-0.18	0.05	-0.18	-0.1	-0.08	-0.25	-0.25	0.32	0.42

Click cells to compare fundamentals

Sky Gold Account Relationship Matchups

Sky Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5M	5.7M	5.4M	579.1K	666.0K	632.7K
Total Current Liabilities	55.8K	70.5K	148.4K	99.8K	89.8K	85.3K
Total Stockholder Equity	1.5M	5.7M	5.2M	479.3K	551.2K	523.7K
Net Debt	(140.0K)	(1.0M)	(1.7K)	1.9K	1.8K	1.8K
Retained Earnings	(13.6M)	(14.9M)	(15.7M)	(21.8M)	(19.7M)	(18.7M)
Accounts Payable	8.4K	40.5K	70.3K	40.8K	36.7K	46.6K
Cash	140.0K	1.0M	1.7K	3.1K	3.5K	3.3K
Cash And Short Term Investments	140.0K	1.0M	1.7K	3.1K	3.5K	3.3K
Net Receivables	3.1K	40.7K	6.3K	25.2K	29.0K	41.6K
Common Stock Shares Outstanding	7.8M	20.1M	25.6M	30.9M	35.5M	37.3M
Liabilities And Stockholders Equity	1.5M	5.7M	5.4M	579.1K	666.0K	632.7K
Other Stockholder Equity	1.7M	1.9M	2.4M	2.7M	3.1M	2.6M
Total Liab	55.8K	70.5K	148.4K	99.8K	89.8K	85.3K
Total Current Assets	178.1K	1.1M	13.3K	36.7K	42.2K	40.1K
Accumulated Other Comprehensive Income	1.9M	2.4M	2.7M	2.8M	3.3M	1.7M
Non Current Assets Total	1.4M	4.7M	5.3M	542.4K	623.8K	592.6K
Non Currrent Assets Other	8.2K	20.1K	12K	149.6K	172K	180.6K
Property Plant And Equipment Net	1.3M	4.6M	5.3M	392.9K	451.8K	429.2K
Other Current Liab	47.5K	30K	78.1K	54K	48.6K	46.2K
Net Tangible Assets	2.6M	1.5M	5.7M	5.2M	6.0M	6.3M
Common Stock	13.1M	18.1M	18.3M	19.5M	22.4M	13.0M
Property Plant Equipment	1.8M	1.3M	4.6M	5.3M	6.2M	6.5M
Net Invested Capital	1.5M	5.7M	5.2M	484.3K	557.0K	529.1K
Net Working Capital	122.3K	1.0M	(135.1K)	(63.1K)	(56.8K)	(53.9K)
Other Current Assets	35K	25K	5.3K	8.4K	7.6K	7.2K
Capital Stock	13.1M	18.1M	18.3M	19.5M	22.4M	17.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Sky Stock Analysis

When running Sky Gold's price analysis, check to measure Sky Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sky Gold is operating at the current time. Most of Sky Gold's value examination focuses on studying past and present price action to predict the probability of Sky Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sky Gold's price. Additionally, you may evaluate how the addition of Sky Gold to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC