NovaGold Resources Net Worth
NovaGold Resources Net Worth Breakdown | NG |
NovaGold Resources Net Worth Analysis
NovaGold Resources' net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including NovaGold Resources' financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of NovaGold Resources' overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform NovaGold Resources' net worth analysis. One common approach is to calculate NovaGold Resources' market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares NovaGold Resources' stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing NovaGold Resources' net worth. This approach calculates the present value of NovaGold Resources' future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of NovaGold Resources' cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate NovaGold Resources' net worth. This involves comparing NovaGold Resources' financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into NovaGold Resources' net worth relative to its peers.
Enterprise Value |
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To determine if NovaGold Resources is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding NovaGold Resources' net worth research are outlined below:
| NovaGold Resources generated a negative expected return over the last 90 days | |
| NovaGold Resources has high historical volatility and very poor performance | |
| NovaGold Resources has a very high chance of going through financial distress in the upcoming years | |
| Annual Net Loss to common stockholders was (46.8 M) with gross profit of 0. | |
| NovaGold Resources reports about 63.88 M in cash with (7.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.4. | |
| Roughly 58.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Exor N.V. Acquires Significant Stake in Novagold Resources Inc |
NovaGold Resources uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in NovaGold Resources. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NovaGold Resources' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 2nd of April 2024 Upcoming Quarterly Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View |
Follow NovaGold Resources' market capitalization trends
The company currently falls under 'Mid-Cap' category with a market capitalization of 1.11 B.Market Cap |
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Project NovaGold Resources' profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.40) | (0.38) | |
| Return On Capital Employed | (0.15) | (0.16) | |
| Return On Assets | (0.40) | (0.38) | |
| Return On Equity | 6.55 | 6.87 |
When accessing NovaGold Resources' net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures NovaGold Resources' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of NovaGold Resources' profitability and make more informed investment decisions.
Evaluate NovaGold Resources' management efficiency
NovaGold Resources has Return on Asset (ROA) of (0.1205) % which means that for every 100 dollars spent on asset, it generated a loss of $0.1205. This is way below average. Likewise, it shows a return on total equity (ROE) of (17.9148) %, which implies that it produced no returns to current stockholders. NovaGold Resources' management efficiency ratios could be used to measure how well NovaGold Resources manages its routine affairs as well as how well it operates its assets and liabilities. The NovaGold Resources' current Return On Equity is estimated to increase to 6.87, while Return On Tangible Assets are forecasted to increase to (0.38). At this time, NovaGold Resources' Debt To Assets are most likely to increase slightly in the upcoming years.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | (0.03) | (0.03) | |
| Tangible Book Value Per Share | (0.03) | (0.03) | |
| Enterprise Value Over EBITDA | (51.24) | (53.81) | |
| Price Book Value Ratio | (153.56) | (145.88) | |
| Enterprise Value Multiple | (51.24) | (53.81) | |
| Price Fair Value | (153.56) | (145.88) | |
| Enterprise Value | 1.8 B | 1.9 B |
At NovaGold Resources, effective management practices are pivotal to sustaining long-term profitability. We delve into financial metrics and market conditions to provide a comprehensive analysis of the stock's prospects.
Return On Equity (17.91) |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific NovaGold Resources insiders, such as employees or executives, is commonly permitted as long as it does not rely on NovaGold Resources' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases NovaGold Resources insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
NovaGold Resources Corporate Filings
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 2nd of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 1st of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 15th of July 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
NovaGold Resources Earnings per Share Projection vs Actual
NovaGold Resources Corporate Directors
| Ethan Schutt | Independent Director | Profile | |
| Kalidas Madhavpeddi | Independent Director | Profile | |
| Clynton Nauman | Independent Director | Profile | |
| Anthony Walsh | Lead Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. 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. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is 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 NovaGold Resources. If investors know NovaGold 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 NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.14) | Return On Assets (0.12) | Return On Equity (17.91) |
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' 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 NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' 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 NovaGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' 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.