Fpx Nickel Corp Stock Net Income

FPX Stock  CAD 0.32  0.02  6.67%   
FPX Nickel Corp fundamentals help investors to digest information that contributes to FPX Nickel's financial success or failures. It also enables traders to predict the movement of FPX Stock. The fundamental analysis module provides a way to measure FPX Nickel'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 FPX Nickel stock.
Last ReportedProjected for Next Year
Net Loss-4.4 M-4.2 M
Net Loss-4.4 M-4.2 M
Net Loss-3.5 M-3.3 M
Net Loss(0.02)(0.02)
Net Income Per E B T 0.98  0.72 
Net Loss is likely to climb to about (4.2 M) in 2024. Net Loss is likely to climb to about (4.2 M) in 2024.
  
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FPX Nickel Corp Company Net Income Analysis

FPX Nickel's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

More About Net Income | All Equity Analysis

Current FPX Nickel Net Income

    
  (4.45 M)  
Most of FPX Nickel's fundamental indicators, such as Net Income, 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, FPX Nickel Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

FPX Net Income Driver Correlations

Understanding the fundamental principles of building solid financial models for FPX Nickel is extremely important. It helps to project a fair market value of FPX Stock properly, considering its historical fundamentals such as Net Income. Since FPX Nickel'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 FPX Nickel'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 FPX Nickel's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

FPX Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

878,578

At this time, FPX Nickel's Accumulated Other Comprehensive Income is fairly stable compared to the past year.
Based on the recorded statements, FPX Nickel Corp reported net income of (4.45 Million). This is 63.05% lower than that of the Metals & Mining sector and 100.36% lower than that of the Materials industry. The net income for all Canada stocks is 100.78% higher than that of the company.

FPX Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses FPX Nickel's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of FPX Nickel could also be used in its relative valuation, which is a method of valuing FPX Nickel by comparing valuation metrics of similar companies.
FPX Nickel is currently under evaluation in net income category among its peers.

FPX Nickel Current Valuation Drivers

We derive many important indicators used in calculating different scores of FPX Nickel from analyzing FPX Nickel's financial statements. These drivers represent accounts that assess FPX Nickel's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of FPX Nickel's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap23.8M119.0M102.9M93.6M74.5M78.2M
Enterprise Value30.0M116.6M88.6M75.7M45.8M48.1M

FPX Fundamentals

About FPX Nickel Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze FPX Nickel Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of FPX Nickel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of FPX Nickel 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 FPX Nickel

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 FPX Nickel 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 FPX Nickel will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to FPX Nickel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FPX Nickel 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 FPX Nickel - 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 FPX Nickel Corp to buy it.
The correlation of FPX Nickel 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 FPX Nickel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FPX Nickel 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 FPX Nickel 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.
Pair CorrelationCorrelation Matching

Additional Tools for FPX Stock Analysis

When running FPX Nickel's price analysis, check to measure FPX Nickel'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 FPX Nickel is operating at the current time. Most of FPX Nickel's value examination focuses on studying past and present price action to predict the probability of FPX Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FPX Nickel's price. Additionally, you may evaluate how the addition of FPX Nickel to your portfolios can decrease your overall portfolio volatility.