Awale Resources Stock Fundamentals
| ARIC Stock | CAD 0.59 0.02 3.28% |
Awale Resources fundamentals help investors to digest information that contributes to Awale Resources' financial success or failures. It also enables traders to predict the movement of Awale Stock. The fundamental analysis module provides a way to measure Awale Resources' 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 Awale Resources stock.
At this time, Awale Resources' EBIT is fairly stable compared to the past year. EBITDA is likely to climb to about 7.9 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 704.3 K in 2024. Awale | Select Account or Indicator |
Awale Resources Company Shares Outstanding Analysis
Awale Resources' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Awale Resources Shares Outstanding | 65.34 M |
Most of Awale Resources' fundamental indicators, such as Shares Outstanding, 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, Awale Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Awale Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for Awale Resources is extremely important. It helps to project a fair market value of Awale Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Awale Resources' 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 Awale Resources' 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 Awale Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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Awale Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Awale Resources has 65.34 M of shares currently outstending. This is 89.36% lower than that of the Metals & Mining sector and 81.86% lower than that of the Materials industry. The shares outstanding for all Canada stocks is 88.57% higher than that of the company.
Awale Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Awale Resources's current stock value. Our valuation model uses many indicators to compare Awale Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Awale Resources competition to find correlations between indicators driving Awale Resources's intrinsic value. More Info.Awale Resources is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies . At this time, Awale Resources' Return On Equity is fairly stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Awale Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Awale Resources' 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 Awale Resources' earnings, one of the primary drivers of an investment's value.Awale Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Awale Resources' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Awale Resources could also be used in its relative valuation, which is a method of valuing Awale Resources by comparing valuation metrics of similar companies.Awale Resources is currently under evaluation in shares outstanding category among related companies.
Awale Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Awale Resources from analyzing Awale Resources' financial statements. These drivers represent accounts that assess Awale Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Awale Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 5.0M | 8.3M | 2.6M | 2.5M | 2.3M | 2.6M | |
| Enterprise Value | 3.7M | 7.7M | 2.6M | 2.3M | 2.1M | 2.0M |
Awale Fundamentals
| Return On Equity | -1.02 | ||||
| Return On Asset | -0.58 | ||||
| Operating Margin | (167.31) % | ||||
| Current Valuation | 33.37 M | ||||
| Shares Outstanding | 65.34 M | ||||
| Shares Owned By Insiders | 36.08 % | ||||
| Shares Owned By Institutions | 4.77 % | ||||
| Number Of Shares Shorted | 716.15 K | ||||
| Price To Book | 6.75 X | ||||
| Price To Sales | 112.66 X | ||||
| Gross Profit | (239.69 K) | ||||
| EBITDA | (1.63 M) | ||||
| Net Income | (8.42 M) | ||||
| Cash And Equivalents | 990.17 K | ||||
| Total Debt | 29.52 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 1.02 X | ||||
| Book Value Per Share | 0.09 X | ||||
| Cash Flow From Operations | (1.57 M) | ||||
| Short Ratio | 0.61 X | ||||
| Earnings Per Share | (0.40) X | ||||
| Beta | 2.74 | ||||
| Market Capitalization | 38.55 M | ||||
| Total Asset | 5.82 M | ||||
| Retained Earnings | (13.18 M) | ||||
| Working Capital | (1.74 M) | ||||
| Net Asset | 5.82 M |
About Awale Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Awale Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Awale Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Awale Resources 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.| Last Reported | Projected for Next Year | ||
| Total Revenue | 0.00 | 0.00 | |
| Cost Of Revenue | -1.4 K | -1.3 K | |
| Stock Based Compensation To Revenue | 0.00 | 0.00 | |
| Sales General And Administrative To Revenue | 0.00 | 0.00 | |
| Research And Ddevelopement To Revenue | 0.00 | 0.00 | |
| Capex To Revenue | 0.00 | 0.00 | |
| Revenue Per Share | 0.00 | 0.00 | |
| Ebit Per Revenue | 0.00 | 0.00 |
Pair Trading with Awale Resources
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 Awale Resources 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 Awale Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Awale Stock
| 0.69 | FRX | Fennec Pharmaceuticals Earnings Call This Week | PairCorr |
| 0.61 | FEC | Frontera Energy Corp Earnings Call This Week | PairCorr |
Moving against Awale Stock
| 0.63 | TC | Tucows Inc Earnings Call This Week | PairCorr |
| 0.62 | SGR-U | Slate Grocery REIT | PairCorr |
The ability to find closely correlated positions to Awale Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Awale Resources 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 Awale Resources - 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 Awale Resources to buy it.
The correlation of Awale Resources 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 Awale Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Awale Resources 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 Awale Resources 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Awale Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Awale Stock analysis
When running Awale Resources' price analysis, check to measure Awale Resources' 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 Awale Resources is operating at the current time. Most of Awale Resources' value examination focuses on studying past and present price action to predict the probability of Awale Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Awale Resources' price. Additionally, you may evaluate how the addition of Awale Resources to your portfolios can decrease your overall portfolio volatility.
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