NOVAGOLD RESOURCES Valuation

NGR Stock  EUR 2.46  0.12  5.13%   
Based on Macroaxis valuation methodology, the firm appears to be overvalued. NOVAGOLD RESOURCES secures a last-minute Real Value of €2.19 per share. The latest price of the firm is €2.46. Our model forecasts the value of NOVAGOLD RESOURCES from reviewing the firm fundamentals such as Price To Book of 49.08 X, current valuation of 1.88 B, and EBITDA of (45.41 M) as well as analyzing its technical indicators and probability of bankruptcy. In general, most investors recommend purchasing undervalued stocks and exiting overvalued stocks since, at some point in time, asset prices and their ongoing real values will merge together.
Overvalued
Today
2.46
Please note that NOVAGOLD RESOURCES's price fluctuation is very risky at this time. Calculation of the real value of NOVAGOLD RESOURCES is based on 3 months time horizon. Increasing NOVAGOLD RESOURCES's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for NOVAGOLD RESOURCES is useful when determining the fair value of the NOVAGOLD stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of NOVAGOLD RESOURCES. Since NOVAGOLD RESOURCES is currently traded on the exchange, buyers and sellers on that exchange determine the market value of NOVAGOLD Stock. However, NOVAGOLD RESOURCES's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  2.46 Real  2.19 Hype  2.46 Naive  2.44
The real value of NOVAGOLD Stock, also known as its intrinsic value, is the underlying worth of NOVAGOLD RESOURCES Company, which is reflected in its stock price. It is based on NOVAGOLD RESOURCES's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of NOVAGOLD RESOURCES's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence NOVAGOLD RESOURCES's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
2.19
Real Value
5.66
Upside
Estimating the potential upside or downside of NOVAGOLD RESOURCES helps investors to forecast how NOVAGOLD stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of NOVAGOLD RESOURCES more accurately as focusing exclusively on NOVAGOLD RESOURCES's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.312.422.53
Details
Hype
Prediction
LowEstimatedHigh
0.122.465.93
Details
Naive
Forecast
LowNext ValueHigh
0.052.445.90
Details

NOVAGOLD RESOURCES Valuation Ratios as Compared to Competition

Comparative valuation techniques use various fundamental indicators to help in determining NOVAGOLD RESOURCES's current stock value. Our valuation model uses many indicators to compare NOVAGOLD RESOURCES value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NOVAGOLD RESOURCES competition to find correlations between indicators driving NOVAGOLD RESOURCES's intrinsic value. More Info.
NOVAGOLD RESOURCES is regarded fifth in net asset category among related companies. It is considered to be number one stock in price to book category among related companies . The ratio of Net Asset to Price To Book for NOVAGOLD RESOURCES is about  3,243,493 . Comparative valuation analysis is a catch-all model that can be used if you cannot value NOVAGOLD RESOURCES by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NOVAGOLD RESOURCES'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 NOVAGOLD RESOURCES's earnings, one of the primary drivers of an investment's value.
Please note that valuation analysis is one of the essential comprehensive assessments in business. It evaluates NOVAGOLD RESOURCES's worth, which you can determine by considering its current assets, liabilities and future cash flows. The investors' valuation analysis is an important metric that will give you a perspective on different companies. It helps you know the worth of the potential investment in NOVAGOLD RESOURCES and how it compares across the competition.

About NOVAGOLD RESOURCES Valuation

The stock valuation mechanism determines the current worth of NOVAGOLD RESOURCES on a weekly basis. We use both absolute as well as relative valuation methodologies to arrive at the intrinsic value of NOVAGOLD RESOURCES. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of NOVAGOLD RESOURCES based exclusively on its fundamental and basic technical indicators. By analyzing NOVAGOLD RESOURCES's financials, quarterly and monthly indicators, and its related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of NOVAGOLD RESOURCES's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of NOVAGOLD RESOURCES. We calculate exposure to NOVAGOLD RESOURCES's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to NOVAGOLD RESOURCES's related companies.

8 Steps to conduct NOVAGOLD RESOURCES's Valuation Analysis

Company's valuation is the process of determining the worth of any company in monetary terms. It estimates NOVAGOLD RESOURCES's potential worth based on factors such as financial performance, market conditions, growth prospects, and overall economic environment. The result of company valuation is a single number representing a Company's current market value. This value can be used as a benchmark for various financial transactions such as mergers and acquisitions, initial public offerings (IPOs), or private equity investments. To conduct NOVAGOLD RESOURCES's valuation analysis, follow these 8 steps:
  • Gather financial information: Obtain NOVAGOLD RESOURCES's financial statements, including balance sheets, income statements, and cash flow statements.
  • Determine NOVAGOLD RESOURCES's revenue streams: Identify NOVAGOLD RESOURCES's primary sources of revenue, including products or services offered, target markets, and pricing strategies.
  • Analyze market data: Research NOVAGOLD RESOURCES's industry and market trends, including the size of the market, growth rate, and competition.
  • Establish NOVAGOLD RESOURCES's growth potential: Evaluate NOVAGOLD RESOURCES's management, business model, and growth potential.
  • Determine NOVAGOLD RESOURCES's financial performance: Analyze its financial statements to assess its historical performance and future potential.
  • Choose a valuation method: Consider the Company's specific circumstances and choose an appropriate valuation method, such as the discounted cash flow (DCF) or comparable analysis method.
  • Calculate the value: Apply the chosen valuation method to the financial information and market data to calculate NOVAGOLD RESOURCES's estimated value.
  • Review and adjust: Review the results and make necessary adjustments, considering any relevant factors that may have been missed or overlooked.
Note: This is a general outline, and different approaches and methods may be used depending on the type and size of the company being valued. We also recomment to seek professional assistance to ensure accuracy.
When determining whether NOVAGOLD RESOURCES is a strong investment it is important to analyze NOVAGOLD RESOURCES's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NOVAGOLD RESOURCES's future performance. For an informed investment choice regarding NOVAGOLD Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NOVAGOLD 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 board of governors.
For information on how to trade NOVAGOLD Stock refer to our How to Trade NOVAGOLD Stock guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for NOVAGOLD Stock analysis

When running NOVAGOLD RESOURCES's price analysis, check to measure NOVAGOLD RESOURCES'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 NOVAGOLD RESOURCES is operating at the current time. Most of NOVAGOLD RESOURCES's value examination focuses on studying past and present price action to predict the probability of NOVAGOLD RESOURCES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOVAGOLD RESOURCES's price. Additionally, you may evaluate how the addition of NOVAGOLD RESOURCES to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between NOVAGOLD RESOURCES's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOVAGOLD RESOURCES is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOVAGOLD RESOURCES's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.