Magnum Goldcorp Financials
| MGI Stock | CAD 0.02 0.00 0.00% |
Return On Equity (0.03) |
Magnum | Select Account or Indicator |
Understanding current and past Magnum Goldcorp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Magnum Goldcorp's financial statements are interrelated, with each one affecting the others. For example, an increase in Magnum Goldcorp's assets may result in an increase in income on the income statement.
The data published in Magnum Goldcorp's official financial statements usually reflect Magnum Goldcorp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Magnum Goldcorp. For example, before you start analyzing numbers published by Magnum accountants, it's critical to develop an understanding of what Magnum Goldcorp's liquidity, profitability, and earnings quality are in the context of the Metals & Mining space in which it operates.
Please note, the presentation of Magnum Goldcorp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Magnum Goldcorp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Magnum Goldcorp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Magnum Goldcorp. Please utilize our Beneish M Score to check the likelihood of Magnum Goldcorp's management manipulating its earnings.
Magnum Goldcorp Stock Summary
Magnum Goldcorp competes with Alphamin Res. Magnum Goldcorp Inc. engages in the acquisition and exploration of mineral resource properties in Canada. Magnum Goldcorp Inc. was incorporated in 2011 and is based in West Vancouver, Canada. MAGNUM GOLDCORP operates under Gold classification in Canada and is traded on TSX Venture Exchange.| Foreign Associate | USA |
Specialization | Basic Materials, Materials |
| Instrument | Canada Stock View All |
| Exchange | TSX Venture Exchange |
| ISIN | CA55973N4030 |
| Business Address | 2489 Bellevue Avenue, |
| Sector | Metals & Mining |
| Industry | Materials |
| Benchmark | NYSE Composite |
| Website | magnumgoldcorp.com |
| Phone | 604 922 2030 |
| Currency | CAD - Canadian Dollar |
You should never invest in Magnum Goldcorp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Magnum Stock, because this is throwing your money away. Analyzing the key information contained in Magnum Goldcorp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Magnum Goldcorp Key Financial Ratios
Generally speaking, Magnum Goldcorp's financial ratios allow both analysts and investors to convert raw data from Magnum Goldcorp's financial statements into concise, actionable information that can be used to evaluate the performance of Magnum Goldcorp over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Magnum Goldcorp reports annually and quarterly.| EBITDA | (291.26 K) | ||||
| Net Income | (85.88 K) | ||||
| Total Asset | 3.63 M |
Magnum Goldcorp Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 3.1M | 3.1M | 3.7M | 3.6M | 4.2M | 2.9M | |
| Net Tangible Assets | 2.7M | 2.7M | 3.6M | 3.5M | 4.1M | 2.6M | |
| Retained Earnings | (1.8M) | (1.9M) | (1.8M) | (1.9M) | (1.7M) | (1.8M) | |
| Accounts Payable | 152.1K | 85.5K | 113.4K | 21.1K | 24.3K | 23.1K | |
| Cash | 698.0 | 583.0 | 412.7K | 9.6K | 8.6K | 8.2K | |
| Net Receivables | 1.2K | 579.0 | 7.2K | 1.3K | 1.2K | 1.1K | |
| Total Liab | 366.7K | 394.8K | 165.8K | 93.0K | 107.0K | 101.6K | |
| Total Current Assets | 6.1K | 5.1K | 427.2K | 17.3K | 15.6K | 14.8K | |
| Common Stock | 4.0M | 4.2M | 4.2M | 5.3M | 6.0M | 3.8M | |
| Net Invested Capital | 2.9M | 2.8M | 3.6M | 3.5M | 4.1M | 3.3M | |
| Net Working Capital | (360.6K) | (389.8K) | 261.4K | (21.7K) | (25.0K) | (26.2K) |
Magnum Goldcorp Key Income Statement Accounts
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Magnum Goldcorp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 12.9K | 19.1K | 6.6K | 253.0 | 290.95 | 276.4 | |
| Selling General Administrative | 219.1K | 83.6K | 311.0K | 88.8K | 79.9K | 75.9K | |
| Operating Income | (219.1K) | (83.6K) | (311.0K) | (128.0K) | (147.2K) | (154.6K) | |
| Net Income From Continuing Ops | (83.3K) | (97.5K) | (297.9K) | (85.9K) | (98.8K) | (103.7K) | |
| Ebit | (192.2K) | (65.5K) | (281.2K) | (95.6K) | (110.0K) | (115.5K) | |
| Total Operating Expenses | 219.1K | 83.6K | 311.0K | 128.0K | 115.2K | 208.4K | |
| Income Before Tax | (83.3K) | (97.5K) | (297.9K) | (85.9K) | (98.8K) | (103.7K) | |
| Total Other Income Expense Net | 148.6K | 5.1K | 19.1K | 41.8K | 48.0K | 40.4K | |
| Net Income Applicable To Common Shares | (83.3K) | (97.5K) | (297.9K) | (85.9K) | (98.8K) | (103.7K) | |
| Net Income | (83.3K) | (97.5K) | (297.9K) | (85.9K) | (98.8K) | (103.7K) | |
| Net Interest Income | (12.8K) | (19.1K) | (6.0K) | 364.0 | 418.6 | 439.53 | |
| Interest Income | 158.0 | 37.0 | 628.0 | 617.0 | 709.55 | 355.72 | |
| Ebitda | (270.2K) | (70.4K) | (78.4K) | (291.3K) | (334.9K) | (351.7K) |
Magnum Goldcorp Key Cash Accounts
Cash flow analysis captures how much money flows into and out of Magnum Goldcorp. It measures of how well Magnum is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Magnum Goldcorp brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Magnum had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Magnum Goldcorp has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 555.0 | (115.0) | 412.1K | (403.2K) | (362.8K) | (344.7K) | |
| Capital Expenditures | 84.9K | 113.5K | 104.8K | 370.9K | 426.5K | 447.8K | |
| Net Income | (83.3K) | (97.5K) | (297.9K) | (85.9K) | (98.8K) | (103.7K) | |
| Change To Netincome | (148.6K) | (5.1K) | 111.7K | (36.1K) | (41.5K) | (43.5K) | |
| Investments | (113.5K) | 7.7K | (120.6K) | (370.9K) | (333.8K) | (317.1K) | |
| End Period Cash Flow | 698.0 | 583.0 | 412.7K | 9.6K | 11.0K | 10.4K | |
| Free Cash Flow | (116.9K) | (40.0K) | (515.8K) | (463.2K) | (416.8K) | (437.7K) | |
| Other Non Cash Items | (24.1K) | (11K) | (19.1K) | (41.8K) | (37.6K) | (39.5K) |
Magnum Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Magnum Goldcorp's current stock value. Our valuation model uses many indicators to compare Magnum Goldcorp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Magnum Goldcorp competition to find correlations between indicators driving Magnum Goldcorp's intrinsic value. More Info.Magnum Goldcorp is regarded second in return on equity category among related companies. It is regarded second in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Magnum Goldcorp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Magnum Goldcorp's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Magnum Goldcorp's earnings, one of the primary drivers of an investment's value.Magnum Goldcorp Systematic Risk
Magnum Goldcorp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Magnum Goldcorp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Magnum Goldcorp correlated with the market. If Beta is less than 0 Magnum Goldcorp generally moves in the opposite direction as compared to the market. If Magnum Goldcorp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Magnum Goldcorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Magnum Goldcorp is generally in the same direction as the market. If Beta > 1 Magnum Goldcorp moves generally in the same direction as, but more than the movement of the benchmark.
Magnum Goldcorp Total Assets Over Time
About Magnum Goldcorp Financials
What exactly are Magnum Goldcorp Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Magnum Goldcorp's income statement, its balance sheet, and the statement of cash flows. Potential Magnum Goldcorp investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Magnum Goldcorp investors may use each financial statement separately, they are all related. The changes in Magnum Goldcorp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Magnum Goldcorp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze Magnum Goldcorp Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Magnum Goldcorp is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Magnum has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Magnum Goldcorp's financials are consistent with your investment objective using the following steps:- Review Magnum Goldcorp's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Magnum Goldcorp's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Magnum Goldcorp's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Magnum Goldcorp's stock is overvalued or undervalued.
Magnum Goldcorp April 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Magnum Goldcorp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Magnum Goldcorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Magnum Goldcorp based on widely used predictive technical indicators. In general, we focus on analyzing Magnum Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Magnum Goldcorp's daily price indicators and compare them against related drivers.
| Information Ratio | 0.129 | |||
| Maximum Drawdown | 150.0 | |||
| Potential Upside | 33.33 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnum Goldcorp. 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Magnum Stock analysis
When running Magnum Goldcorp's price analysis, check to measure Magnum Goldcorp'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 Magnum Goldcorp is operating at the current time. Most of Magnum Goldcorp's value examination focuses on studying past and present price action to predict the probability of Magnum Goldcorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnum Goldcorp's price. Additionally, you may evaluate how the addition of Magnum Goldcorp to your portfolios can decrease your overall portfolio volatility.
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