Osisko Development Corp Stock Current Asset
| ODV Stock | CAD 2.95 0.01 0.34% |
Osisko Development Corp fundamentals help investors to digest information that contributes to Osisko Development's financial success or failures. It also enables traders to predict the movement of Osisko Stock. The fundamental analysis module provides a way to measure Osisko Development'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 Osisko Development stock.
Total Current Assets is likely to climb to about 93.3 M in 2024, whereas Other Current Assets are likely to drop slightly above 3.9 M in 2024. Osisko | Current Asset |
Osisko Development Corp Company Current Asset Analysis
Osisko Development's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Osisko Current Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Osisko Development is extremely important. It helps to project a fair market value of Osisko Stock properly, considering its historical fundamentals such as Current Asset. Since Osisko Development'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 Osisko Development'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 Osisko Development's interrelated accounts and indicators.
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Osisko Net Tangible Assets
Net Tangible Assets |
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In accordance with the recently published financial statements, Osisko Development Corp has a Current Asset of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The current asset for all Canada stocks is 100.0% higher than that of the company.
Osisko Development Current Valuation Drivers
We derive many important indicators used in calculating different scores of Osisko Development from analyzing Osisko Development's financial statements. These drivers represent accounts that assess Osisko Development's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Osisko Development's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 850.7M | 863.2M | 536.5M | 368.1M | 334.0M | 541.5M | |
| Enterprise Value | 842.7M | 667.8M | 516.7M | 281.3M | 309.1M | 480.1M |
Osisko Fundamentals
| Return On Equity | -0.25 | ||||
| Return On Asset | -0.16 | ||||
| Operating Margin | (8.54) % | ||||
| Current Valuation | 238.13 M | ||||
| Shares Outstanding | 84.15 M | ||||
| Shares Owned By Insiders | 40.02 % | ||||
| Shares Owned By Institutions | 16.59 % | ||||
| Number Of Shares Shorted | 262.15 K | ||||
| Price To Book | 0.47 X | ||||
| Price To Sales | 8.70 X | ||||
| Revenue | 31.62 M | ||||
| Gross Profit | (21.2 M) | ||||
| EBITDA | (52.94 M) | ||||
| Net Income | (181.87 M) | ||||
| Cash And Equivalents | 136.3 M | ||||
| Cash Per Share | 1.80 X | ||||
| Total Debt | 11.82 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 4.00 X | ||||
| Book Value Per Share | 6.82 X | ||||
| Cash Flow From Operations | (43.78 M) | ||||
| Short Ratio | 1.36 X | ||||
| Earnings Per Share | (2.00) X | ||||
| Target Price | 7.09 | ||||
| Number Of Employees | 118 | ||||
| Beta | 1.11 | ||||
| Market Capitalization | 249.08 M | ||||
| Total Asset | 763.88 M | ||||
| Retained Earnings | (510.91 M) | ||||
| Working Capital | 21.93 M | ||||
| Net Asset | 763.88 M |
About Osisko Development Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Osisko Development Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Osisko Development using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Osisko Development Corp 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.
Pair Trading with Osisko Development
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 Osisko Development 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 Osisko Development will appreciate offsetting losses from the drop in the long position's value.Moving against Osisko Stock
The ability to find closely correlated positions to Osisko Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Osisko Development 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 Osisko Development - 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 Osisko Development Corp to buy it.
The correlation of Osisko Development 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 Osisko Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Osisko Development Corp 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 Osisko Development 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.Additional Tools for Osisko Stock Analysis
When running Osisko Development's price analysis, check to measure Osisko Development'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 Osisko Development is operating at the current time. Most of Osisko Development's value examination focuses on studying past and present price action to predict the probability of Osisko Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Osisko Development's price. Additionally, you may evaluate how the addition of Osisko Development to your portfolios can decrease your overall portfolio volatility.