NovaGold Resources Valuation
| NG Stock | CAD 5.03 0.08 1.62% |
At this time, the firm appears to be fairly valued. NovaGold Resources secures a last-minute Real Value of C$5.17 per share. The latest price of the firm is C$5.03. Our model forecasts the value of NovaGold Resources from analyzing the firm fundamentals such as Return On Equity of -17.91, shares owned by insiders of 26.46 %, and Current Valuation of 1.76 B as well as examining its technical indicators and probability of bankruptcy. Key fundamental drivers impacting NovaGold Resources' valuation include:
Price Book 25.7 K | Enterprise Value 1.8 B | Enterprise Value Ebitda (54.97) |
Fairly Valued
Today
Please note that NovaGold Resources' price fluctuation is slightly risky at this time. Calculation of the real value of NovaGold Resources is based on 3 months time horizon. Increasing NovaGold Resources' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since NovaGold Resources is currently traded on the exchange, buyers and sellers on that exchange determine the market value of NovaGold Stock. However, NovaGold Resources' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 5.03 | Real 5.17 | Hype 5.0 |
The intrinsic value of NovaGold Resources' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence NovaGold Resources' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of NovaGold Resources helps investors to forecast how NovaGold stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of NovaGold Resources more accurately as focusing exclusively on NovaGold Resources' fundamentals will not take into account other important factors: Traditionally, analysts and sophisticated investors use multiple methods for valuing a cash-flow-generating entity or its stock. For example, some money managers use NovaGold Resources' intrinsic value based on its ongoing forecasts of NovaGold Resources' financial statements. In contrast, other private, professional wealth advisors use a multiplier approach by looking to relative value analysis against NovaGold Resources' closest peers.
NovaGold Resources Cash |
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NovaGold Valuation Trend
Knowing NovaGold Resources' actual value is paramount for traders when making sound investment determinations. Using both NovaGold Resources' enterprise value as well as its market capitalization is the best way to estimate the value of the company and is usually enough for investors to make market timing decisions.
NovaGold Resources Total Value Analysis
NovaGold Resources is now anticipated to have takeover price of 1.76 B with market capitalization of 1.66 B, debt of 137.55 M, and cash on hands of 63.88 M. Please note that takeover price may be misleading and is a subject to mistakes in financial statements. We encourage investors to thoroughly investigate all of the NovaGold Resources fundamentals before making investing decisions based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
1.76 B | 1.66 B | 137.55 M | 63.88 M |
NovaGold Resources Asset Utilization
One of the ways to look at asset utilization of NovaGold is to check how much profit was generated for every dollar of assets it reports. NovaGold Resources secures a negative usage of assets of -0.12 %, losing C$0.001205 for each dollar of assets held by the firm. Inadequate asset utilization conveys that the company is being less effective with each dollar of assets it secures. Strictly speaking, asset utilization of NovaGold Resources shows how discouraging it operates for each dollar spent on its assets.NovaGold Resources Ownership Allocation
NovaGold Resources maintains a total of 334.57 Million outstanding shares. Over half of NovaGold Resources' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in NovaGold Resources. Please watch out for any change in the institutional holdings of NovaGold Resources as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.NovaGold Resources Profitability Analysis
Net Loss for the year was (46.8 M) with profit before overhead, payroll, taxes, and interest of 0.About NovaGold Resources Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of NovaGold Resources. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of NovaGold Resources based exclusively on its fundamental and basic technical indicators. By analyzing NovaGold Resources's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of NovaGold Resources's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of NovaGold Resources. We calculate exposure to NovaGold Resources's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of NovaGold Resources's related companies.| Last Reported | Projected for Next Year | ||
| Gross Profit | -9 K | -9.4 K | |
| Pretax Profit Margin | (566.52) | (538.19) | |
| Operating Profit Margin | (261.44) | (248.37) | |
| Net Loss | (439.22) | (417.26) | |
| Gross Profit Margin | 0.51 | 0.54 |
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 estimate. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.