IAMGold Gross Profit vs. Return On Equity
| IAG Stock | USD 5.50 0.11 2.04% |
For IAMGold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of IAMGold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well IAMGold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between IAMGold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of IAMGold over time as well as its relative position and ranking within its peers.
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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 IAMGold. If investors know IAMGold 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 IAMGold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of IAMGold is measured differently than its book value, which is the value of IAMGold that is recorded on the company's balance sheet. Investors also form their own opinion of IAMGold's value that differs from its market value or its book value, called intrinsic value, which is IAMGold's 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 IAMGold's market value can be influenced by many factors that don't directly affect IAMGold's 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 IAMGold's value and its price as these two are different measures arrived at by different means. Investors typically determine if IAMGold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IAMGold's 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.
IAMGold Return On Equity vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining IAMGold's current stock value. Our valuation model uses many indicators to compare IAMGold value to that of its competitors to determine the firm's financial worth. IAMGold is rated below average in gross profit category among its peers. It is currently regarded as number one stock in return on equity category among its peers . The ratio of Gross Profit to Return On Equity for IAMGold is about 552,071,669 . Comparative valuation analysis is a catch-all technique that is used if you cannot value IAMGold by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.IAMGold Return On Equity vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
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| = | 147.9 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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| = | 0.27 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
IAMGold Return On Equity Comparison
IAMGold is currently under evaluation in return on equity category among its peers.
IAMGold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in IAMGold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, IAMGold will eventually generate negative long term returns. The profitability progress is the general direction of IAMGold's change in net profit over the period of time. It can combine multiple indicators of IAMGold, 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.
IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada. Iamgold Corp operates under Gold classification in the United States and is traded on New York Stock Exchange. It employs 5000 people.
IAMGold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on IAMGold. 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 IAMGold 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 IAMGold's important profitability drivers and their relationship over time.
Use IAMGold 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 IAMGold 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 IAMGold will appreciate offsetting losses from the drop in the long position's value.IAMGold Pair Trading
IAMGold Pair Trading Analysis
The ability to find closely correlated positions to IAMGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IAMGold 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 IAMGold - 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 IAMGold to buy it.
The correlation of IAMGold 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 IAMGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IAMGold 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 IAMGold 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 IAMGold position
In addition to having IAMGold 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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Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 50 constituents at this time.
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Check out Risk vs Return Analysis. For more detail on how to invest in IAMGold Stock please use our How to Invest in IAMGold guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
To fully project IAMGold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of IAMGold 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 IAMGold's income statement, its balance sheet, and the statement of cash flows.