Newport Exploration Stock Return On Asset
| NWX Stock | CAD 0.16 0.00 0.00% |
Newport Exploration fundamentals help investors to digest information that contributes to Newport Exploration's financial success or failures. It also enables traders to predict the movement of Newport Stock. The fundamental analysis module provides a way to measure Newport Exploration's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Newport Exploration stock.
Return On Assets is likely to climb to 0.61 in 2024. Newport | Return On Asset |
Newport Exploration Company Return On Asset Analysis
Newport Exploration's 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.
Current Newport Exploration Return On Asset | -0.23 |
Most of Newport Exploration's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Newport Exploration is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Newport Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Newport Exploration is extremely important. It helps to project a fair market value of Newport Stock properly, considering its historical fundamentals such as Return On Asset. Since Newport Exploration's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Newport Exploration's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Newport Exploration's interrelated accounts and indicators.
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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.
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Newport Total Assets
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Based on the latest financial disclosure, Newport Exploration has a Return On Asset of -0.2304. This is 131.14% lower than that of the Metals & Mining sector and 96.05% lower than that of the Materials industry. The return on asset for all Canada stocks is 64.57% higher than that of the company.
Newport Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Newport Exploration's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Newport Exploration could also be used in its relative valuation, which is a method of valuing Newport Exploration by comparing valuation metrics of similar companies.Newport Exploration is currently under evaluation in return on asset category among related companies.
Newport Exploration Current Valuation Drivers
We derive many important indicators used in calculating different scores of Newport Exploration from analyzing Newport Exploration's financial statements. These drivers represent accounts that assess Newport Exploration's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Newport Exploration's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 38.1M | 47.4M | 44.9M | 28.5M | 25.7M | 13.0M | |
| Enterprise Value | 33.3M | 44.6M | 44.3M | 27.4M | 24.6M | 25.9M |
Newport Fundamentals
| Return On Equity | 0.57 | |||
| Return On Asset | -0.23 | |||
| Current Valuation | 14.93 M | |||
| Shares Outstanding | 105.58 M | |||
| Shares Owned By Insiders | 26.70 % | |||
| Number Of Shares Shorted | 5.23 K | |||
| Price To Earning | 11.00 X | |||
| Price To Book | 5.77 X | |||
| EBITDA | 3.86 M | |||
| Net Income | 2.58 M | |||
| Cash And Equivalents | 6.73 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 124.69 K | |||
| Current Ratio | 19.57 X | |||
| Book Value Per Share | 0.03 X | |||
| Cash Flow From Operations | 4.82 M | |||
| Short Ratio | 1.92 X | |||
| Earnings Per Share | 0.02 X | |||
| Beta | 0.84 | |||
| Market Capitalization | 16.36 M | |||
| Total Asset | 3.99 M | |||
| Retained Earnings | (46.3 M) | |||
| Working Capital | 3.75 M | |||
| Annual Yield | 0.13 % | |||
| Net Asset | 3.99 M | |||
| Last Dividend Paid | 0.04 |
About Newport Exploration Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Newport Exploration's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Newport Exploration using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Newport Exploration based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newport Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Newport Stock analysis
When running Newport Exploration's price analysis, check to measure Newport Exploration's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newport Exploration is operating at the current time. Most of Newport Exploration's value examination focuses on studying past and present price action to predict the probability of Newport Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newport Exploration's price. Additionally, you may evaluate how the addition of Newport Exploration to your portfolios can decrease your overall portfolio volatility.
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