Excellon Resources Price To Book vs. Return On Asset
| EXN Stock | CAD 0.10 0.01 9.09% |
For Excellon Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Excellon Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Excellon Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Excellon Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Excellon Resources over time as well as its relative position and ranking within its peers.
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Excellon Resources Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Excellon Resources's current stock value. Our valuation model uses many indicators to compare Excellon Resources value to that of its competitors to determine the firm's financial worth. Excellon Resources is rated # 3 in price to book category among its peers. It is rated # 4 in return on asset category among its peers . As of the 30th of November 2024, Return On Assets is likely to grow to 0.41. Comparative valuation analysis is a catch-all model that can be used if you cannot value Excellon Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Excellon Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Excellon Return On Asset vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
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| = | 0.91 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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| = | -0.1 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Excellon Return On Asset Comparison
Excellon Resources is currently under evaluation in return on asset category among its peers.
Excellon Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Excellon Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Excellon Resources will eventually generate negative long term returns. The profitability progress is the general direction of Excellon Resources' change in net profit over the period of time. It can combine multiple indicators of Excellon Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -12.5 M | -11.8 M | |
| Operating Income | -5.5 M | -5.7 M | |
| Income Before Tax | 5.8 M | 6.1 M | |
| Total Other Income Expense Net | 11.3 M | 11.8 M | |
| Net Income | 6.5 M | 6.9 M | |
| Income Tax Expense | 743 K | 659.3 K | |
| Net Income From Continuing Ops | 6.5 M | 6.9 M | |
| Net Loss | -17 M | -17.8 M | |
| Interest Income | 11 K | 10.4 K | |
| Net Interest Income | -4.7 M | -4.5 M | |
| Change To Netincome | 59.3 M | 62.3 M | |
| Net Income Per Share | 0.15 | 0.16 | |
| Income Quality | (0.24) | (0.23) | |
| Net Income Per E B T | 1.13 | 1.95 |
Excellon Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Excellon Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Excellon Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Excellon Resources' important profitability drivers and their relationship over time.
Use Excellon Resources in pair-trading
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 Excellon Resources 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 Excellon Resources will appreciate offsetting losses from the drop in the long position's value.Excellon Resources Pair Trading
Excellon Resources Pair Trading Analysis
The ability to find closely correlated positions to Excellon Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excellon Resources 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 Excellon Resources - 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 Excellon Resources to buy it.
The correlation of Excellon Resources 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 Excellon Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Excellon Resources 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 Excellon Resources 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.Use Investing Themes to Complement your Excellon Resources position
In addition to having Excellon Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Excellon Stock
To fully project Excellon Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Excellon Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Excellon Resources' income statement, its balance sheet, and the statement of cash flows.