Palladium One Mining Stock Book Value Per Share
| PDM Stock | CAD 0.04 0.00 0.00% |
Palladium One Mining fundamentals help investors to digest information that contributes to Palladium One's financial success or failures. It also enables traders to predict the movement of Palladium Stock. The fundamental analysis module provides a way to measure Palladium One'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 Palladium One stock.
| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.04 | 0.04 | |
| Tangible Book Value Per Share | 0.04 | 0.04 |
Palladium | Book Value Per Share |
Palladium One Mining Company Book Value Per Share Analysis
Palladium One's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
Current Palladium One Book Value Per Share | 0.03 X |
Most of Palladium One's fundamental indicators, such as Book Value Per Share, 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, Palladium One Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Palladium Book Value Per Share Driver Correlations
Understanding the fundamental principles of building solid financial models for Palladium One is extremely important. It helps to project a fair market value of Palladium Stock properly, considering its historical fundamentals such as Book Value Per Share. Since Palladium One'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 Palladium One'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 Palladium One's interrelated accounts and indicators.
Click cells to compare fundamentals
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
CompetitionPalladium Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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In accordance with the recently published financial statements, the book value per share of Palladium One Mining is about 0.033 times. This is 99.99% lower than that of the Metals & Mining sector and 99.42% lower than that of the Materials industry. The book value per share for all Canada stocks is 100.0% higher than that of the company.
Palladium Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Palladium One's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Palladium One could also be used in its relative valuation, which is a method of valuing Palladium One by comparing valuation metrics of similar companies.Palladium One is currently under evaluation in book value per share category among related companies.
Palladium One Current Valuation Drivers
We derive many important indicators used in calculating different scores of Palladium One from analyzing Palladium One's financial statements. These drivers represent accounts that assess Palladium One's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Palladium One's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 7.9M | 31.6M | 42.9M | 30.9M | 27.8M | 29.2M | |
| Enterprise Value | 4.1M | 24.4M | 27.8M | 19.5M | 17.6M | 18.5M |
Palladium Fundamentals
| Return On Equity | -0.87 | |||
| Return On Asset | -0.57 | |||
| Current Valuation | 7.18 M | |||
| Shares Outstanding | 359.35 M | |||
| Shares Owned By Insiders | 14.92 % | |||
| Shares Owned By Institutions | 0.21 % | |||
| Number Of Shares Shorted | 80.33 K | |||
| Price To Book | 1.54 X | |||
| EBITDA | (10.63 M) | |||
| Net Income | (8 M) | |||
| Cash And Equivalents | 51.41 K | |||
| Total Debt | 55.5 K | |||
| Current Ratio | 0.20 X | |||
| Book Value Per Share | 0.03 X | |||
| Cash Flow From Operations | (7.1 M) | |||
| Short Ratio | 0.35 X | |||
| Earnings Per Share | (0.03) X | |||
| Target Price | 0.33 | |||
| Beta | 1.83 | |||
| Market Capitalization | 17.97 M | |||
| Total Asset | 11.24 M | |||
| Retained Earnings | (40.01 M) | |||
| Working Capital | 10.67 M | |||
| Net Asset | 11.24 M |
About Palladium One Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Palladium One Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Palladium One using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Palladium One Mining 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 Palladium One
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 Palladium One 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 Palladium One will appreciate offsetting losses from the drop in the long position's value.Moving together with Palladium Stock
| 0.62 | STUD | Stallion Gold Corp | PairCorr |
Moving against Palladium Stock
| 0.92 | TNX | TRX Gold Corp | PairCorr |
| 0.88 | EXN | Excellon Resources | PairCorr |
| 0.83 | TGO | TeraGo Inc | PairCorr |
| 0.81 | IE | Ivanhoe Energy | PairCorr |
| 0.77 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Palladium One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palladium One 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 Palladium One - 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 Palladium One Mining to buy it.
The correlation of Palladium One 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 Palladium One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palladium One Mining 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 Palladium One 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 Your Equity Center to better understand how to build diversified portfolios. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Palladium Stock analysis
When running Palladium One's price analysis, check to measure Palladium One'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 Palladium One is operating at the current time. Most of Palladium One's value examination focuses on studying past and present price action to predict the probability of Palladium One's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palladium One's price. Additionally, you may evaluate how the addition of Palladium One to your portfolios can decrease your overall portfolio volatility.
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