Novo Resources Valuation
| NVO Stock | CAD 0.08 0.01 10.00% |
Novo Resources seems to be overvalued based on Macroaxis valuation methodology. Our model forecasts the value of Novo Resources Corp from analyzing the firm fundamentals such as Shares Owned By Insiders of 1.00 %, current valuation of 20.78 M, and Return On Equity of -0.38 as well as examining its technical indicators and probability of bankruptcy. Key fundamental drivers impacting Novo Resources' valuation include:
Price Book 0.3921 | Enterprise Value 20.8 M | Enterprise Value Ebitda (0.26) | Price Sales 0.6577 | Enterprise Value Revenue 12.2015 |
Overvalued
Today
Please note that Novo Resources' price fluctuation is out of control at this time. Calculation of the real value of Novo Resources Corp is based on 3 months time horizon. Increasing Novo Resources' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Novo Resources is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Novo Stock. However, Novo 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 0.0825 | Real 0.0698 | Hype 0.08 | Naive 0.086 |
The intrinsic value of Novo 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 Novo 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 Novo Resources Corp helps investors to forecast how Novo 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 Novo Resources more accurately as focusing exclusively on Novo 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 Novo Resources' intrinsic value based on its ongoing forecasts of Novo Resources' financial statements. In contrast, other private, professional wealth advisors use a multiplier approach by looking to relative value analysis against Novo Resources' closest peers.
Novo Resources Cash |
|
Novo Valuation Trend
Knowing Novo Resources' actual value is paramount for traders when making sound investment determinations. Using both Novo 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.
Novo Resources Total Value Analysis
Novo Resources Corp is now estimated to have takeover price of 20.78 M with market capitalization of 29.26 M, debt of 1.61 M, and cash on hands of 74.88 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 Novo Resources fundamentals before making investing decisions based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
20.78 M | 29.26 M | 1.61 M | 74.88 M |
Novo Resources Asset Utilization
One of the ways to look at asset utilization of Novo is to check how much profit was generated for every dollar of assets it reports. Novo Resources Corp secures a negative usage of assets of -0.14 %, losing C$0.001405 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 Novo Resources Corp shows how discouraging it operates for each dollar spent on its assets.Novo Resources Ownership Allocation
Novo Resources Corp maintains a total of 354.63 Million outstanding shares. Roughly 98.93 % of Novo Resources outstanding shares are held by general public with 1.0 pct. owned by insiders and only 0.072 % by institutional investors. 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.Novo Resources Profitability Analysis
Net Loss for the year was (48.89 M) with loss before overhead, payroll, taxes, and interest of (21.41 M).About Novo Resources Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Novo Resources Corp. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of Novo Resources Corp based exclusively on its fundamental and basic technical indicators. By analyzing Novo Resources's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Novo Resources's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Novo Resources. We calculate exposure to Novo Resources's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Novo Resources's related companies.| Last Reported | Projected for Next Year | ||
| Gross Profit | -6 M | -5.7 M | |
| Pretax Profit Margin | (1.33) | (1.27) | |
| Operating Profit Margin | (1.53) | (1.60) | |
| Net Loss | (1.32) | (1.25) | |
| Gross Profit Margin | (0.30) | (0.28) |
Other Information on Investing in Novo Stock
Novo Resources financial ratios help investors to determine whether Novo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novo with respect to the benefits of owning Novo Resources security.