Noble Mineral Exploration Stock Fundamentals
| NOB Stock | CAD 0.06 0.01 14.29% |
Noble Mineral Exploration fundamentals help investors to digest information that contributes to Noble Mineral's financial success or failures. It also enables traders to predict the movement of Noble Stock. The fundamental analysis module provides a way to measure Noble Mineral'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 Noble Mineral stock.
At this time, Noble Mineral's Operating Income is fairly stable compared to the past year. EBITDA is likely to climb to about 191.8 K in 2024, whereas Total Operating Expenses is likely to drop slightly above 970.9 K in 2024. Noble | Select Account or Indicator |
Noble Mineral Exploration Company Return On Equity Analysis
Noble Mineral's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Noble Mineral Return On Equity | 0.003 |
Most of Noble Mineral's fundamental indicators, such as Return On Equity, 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, Noble Mineral Exploration is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Noble Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Noble Mineral is extremely important. It helps to project a fair market value of Noble Stock properly, considering its historical fundamentals such as Return On Equity. Since Noble Mineral'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 Noble Mineral'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 Noble Mineral's interrelated accounts and indicators.
Click cells to compare fundamentals
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Noble Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Noble Mineral Exploration has a Return On Equity of 0.003. This is 99.67% lower than that of the Metals & Mining sector and 99.37% lower than that of the Materials industry. The return on equity for all Canada stocks is 100.97% lower than that of the firm.
Noble Mineral Exploration Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Noble Mineral's current stock value. Our valuation model uses many indicators to compare Noble Mineral value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Noble Mineral competition to find correlations between indicators driving Noble Mineral's intrinsic value. More Info.Noble Mineral Exploration is considered to be number one stock in return on equity category among related companies. It is considered to be number one stock in return on asset category among related companies . At this time, Noble Mineral's 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 Noble Mineral by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Noble Mineral'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 Noble Mineral's earnings, one of the primary drivers of an investment's value.Noble Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Noble Mineral's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Noble Mineral could also be used in its relative valuation, which is a method of valuing Noble Mineral by comparing valuation metrics of similar companies.Noble Mineral is currently under evaluation in return on equity category among related companies.
Noble Mineral Current Valuation Drivers
We derive many important indicators used in calculating different scores of Noble Mineral from analyzing Noble Mineral's financial statements. These drivers represent accounts that assess Noble Mineral's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Noble Mineral's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 10.0M | 14.0M | 12.3M | 8.9M | 8.0M | 8.4M | |
| Enterprise Value | 9.9M | 12.1M | 10.1M | 8.4M | 7.5M | 7.9M |
Noble Fundamentals
| Return On Equity | 0.003 | ||||
| Return On Asset | -0.0406 | ||||
| Current Valuation | 7.71 M | ||||
| Shares Outstanding | 137.55 M | ||||
| Shares Owned By Insiders | 4.62 % | ||||
| Number Of Shares Shorted | 97.88 K | ||||
| Price To Earning | 15.62 X | ||||
| Price To Book | 2.02 X | ||||
| EBITDA | 202.94 K | ||||
| Net Income | (2.24 M) | ||||
| Cash And Equivalents | 1.05 M | ||||
| Cash Per Share | 0.01 X | ||||
| Debt To Equity | 0.43 % | ||||
| Current Ratio | 1.78 X | ||||
| Book Value Per Share | 0.05 X | ||||
| Cash Flow From Operations | (1.17 M) | ||||
| Short Ratio | 0.67 X | ||||
| Earnings Per Share | 0.04 X | ||||
| Beta | 2.92 | ||||
| Market Capitalization | 8.25 M | ||||
| Total Asset | 9.74 M | ||||
| Retained Earnings | (19.49 M) | ||||
| Working Capital | 4.45 M | ||||
| Net Asset | 9.74 M |
About Noble Mineral Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Noble Mineral Exploration's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Noble Mineral using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Noble Mineral 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | -301.3 K | -316.4 K | |
| Total Revenue | 0.00 | 0.00 | |
| Cost Of Revenue | 0.00 | 0.00 | |
| Stock Based Compensation To Revenue | 0.00 | 0.00 | |
| Sales General And Administrative To Revenue | 0.34 | 0.36 | |
| Research And Ddevelopement To Revenue | 0.00 | 0.00 | |
| Capex To Revenue | (0.01) | (0.01) | |
| Revenue Per Share | 0.04 | 0.04 | |
| Ebit Per Revenue | 0.47 | 0.44 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Noble Mineral in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Noble Mineral's short interest history, or implied volatility extrapolated from Noble Mineral options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble Mineral 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Noble Stock analysis
When running Noble Mineral's price analysis, check to measure Noble Mineral'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 Noble Mineral is operating at the current time. Most of Noble Mineral's value examination focuses on studying past and present price action to predict the probability of Noble Mineral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Mineral's price. Additionally, you may evaluate how the addition of Noble Mineral to your portfolios can decrease your overall portfolio volatility.
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