GoGold Resources Price To Earning vs. EBITDA
| GGD Stock | CAD 1.30 0.03 2.36% |
For GoGold Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GoGold Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GoGold Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GoGold Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GoGold Resources over time as well as its relative position and ranking within its peers.
GoGold |
GoGold Resources EBITDA vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining GoGold Resources's current stock value. Our valuation model uses many indicators to compare GoGold Resources value to that of its competitors to determine the firm's financial worth. GoGold Resources is one of the top stocks in price to earning category among its peers. It is rated # 3 in ebitda category among its peers . GoGold Resources reported last year EBITDA of (7.17 Million). Comparative valuation analysis is a catch-all model that can be used if you cannot value GoGold Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for GoGold 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.GoGold EBITDA vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
GoGold Resources |
| = | 1.34 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
GoGold Resources |
| = | (6.24 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
GoGold EBITDA Comparison
GoGold Resources is currently under evaluation in ebitda category among its peers.
GoGold Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in GoGold Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GoGold Resources will eventually generate negative long term returns. The profitability progress is the general direction of GoGold Resources' change in net profit over the period of time. It can combine multiple indicators of GoGold 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 | -7.8 M | -8.2 M | |
| Operating Income | -10.7 M | -10.1 M | |
| Net Loss | -9.1 M | -9.5 M | |
| Income Before Tax | -11.5 M | -10.9 M | |
| Total Other Income Expense Net | 2.1 M | 2.2 M | |
| Net Income Applicable To Common Shares | 795.8 K | 835.6 K | |
| Net Loss | -9.1 M | -8.6 M | |
| Income Tax Expense | -2.4 M | -2.3 M | |
| Interest Income | 5.1 M | 5.1 M | |
| Net Interest Income | 4.4 M | 4.6 M | |
| Change To Netincome | 2.7 M | 2.8 M | |
| Net Loss | (0.02) | (0.02) | |
| Income Quality | 1.08 | 1.57 | |
| Net Income Per E B T | 0.91 | 0.85 |
GoGold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on GoGold 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 GoGold 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 GoGold Resources' important profitability drivers and their relationship over time.
Use GoGold 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 GoGold 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 GoGold Resources will appreciate offsetting losses from the drop in the long position's value.GoGold Resources Pair Trading
GoGold Resources Pair Trading Analysis
The ability to find closely correlated positions to GoGold 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 GoGold 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 GoGold 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 GoGold Resources to buy it.
The correlation of GoGold 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 GoGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoGold 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 GoGold 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 GoGold Resources position
In addition to having GoGold 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 GoGold Stock
To fully project GoGold Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of GoGold 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 GoGold Resources' income statement, its balance sheet, and the statement of cash flows.