Foremost Lithium Financials

FMST Stock   1.45  0.09  5.84%   
Foremost Lithium Resource is not in a good financial situation at this time. It has a very high probability of going through financial hardship in January. At this time, Foremost Lithium's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Total Liabilities is likely to gain to about 3.6 M in 2024, whereas Cash is likely to drop slightly above 542.9 K in 2024. Key indicators impacting Foremost Lithium's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio0.520.5436
Sufficiently Down
Slightly volatile
The financial analysis of Foremost Lithium is a critical element in measuring its lifeblood. Investors should not minimize Foremost Lithium's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(4.25 Million)

  
Understanding current and past Foremost Lithium Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Foremost Lithium's financial statements are interrelated, with each one affecting the others. For example, an increase in Foremost Lithium's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Foremost Lithium's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Foremost Lithium Resource. Check Foremost Lithium's Beneish M Score to see the likelihood of Foremost Lithium's management manipulating its earnings.

Foremost Lithium Stock Summary

Foremost Lithium competes with Boston Beer, Universal, Hannon Armstrong, Sabra Healthcare, and Altria. Foremost Lithium is entity of United States. It is traded as Stock on NASDAQ exchange.
Specialization
Basic Materials, Other Industrial Metals & Mining
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CUSIP345510200 345510101
LocationBritish Columbia; Canada
Business Address750 West Pender
SectorChemicals
IndustryMaterials
BenchmarkDow Jones Industrial
Websiteforemostcleanenergy.com
Phone604 330 8067

Foremost Lithium Key Financial Ratios

Foremost Lithium Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets5.9M6.9M7.9M13.3M16.6M17.4M
Other Current Liab482.0K441.3K429.5K737.0K492.1K381.2K
Net Debt180.5K(194.5K)(91.6K)716.5K140.3K147.3K
Retained Earnings(14.1M)(15.6M)(19.7M)(17.9M)(21.5M)(20.4M)
Accounts Payable515.8K536.1K603.0K884.7K1.1M1.2M
Cash3.2K392.2K235.5K574.6K998.3K542.9K
Total Liab867.3K1.2M1.2M2.9M3.4M3.6M
Total Current Assets105.2K516.6K434.1K795.3K1.5M1.6M
Net Receivables59.5K49.4K142.7K164.1K146.2K153.5K
Short Term Debt48.5K61.4K69.5K1.3M1.1M1.2M
Common Stock17.8M20.2M24.2M26.4M32.1M19.2M
Inventory12.7K6.5K11.2K14.8K13.3K11.8K
Other Current Assets29.9K32.0K55.9K56.7K340.7K357.8K

Foremost Lithium Key Income Statement Accounts

The reason investors look at the income statement is to determine what Foremost Lithium's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Operating Income(964.9K)(2.1M)(3.3M)(2.6M)(3.3M)(3.1M)
Ebitda(1.2M)(2.4M)(3.9M)(2.5M)(1.2M)(1.2M)
Income Before Tax(2.3M)(2.6M)(4.2M)956.6K(4.5M)(4.2M)
Net Income(2.3M)(2.6M)(4.2M)956.6K(4.5M)(4.2M)
Ebit(1.2M)(3.3M)(7.5M)(5.8M)(4.5M)(4.7M)
Interest Expense112.4K202.2K112.5K104.0K126.6K124.8K
Income Tax Expense130.2K514.3K801.7K1.0M(167.9K)(159.5K)

Foremost Lithium Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(134.7K)389.0K(156.8K)339.1K423.7K444.9K
Free Cash Flow(539.6K)(965.8K)(1.6M)(2.8M)(6.4M)(6.1M)
Capital Expenditures125K162.8K220.0K295.0K2.6M2.7M
Net Income(2.3M)(2.6M)(4.2M)956.6K(4.5M)(4.2M)
End Period Cash Flow3.2K392.2K235.5K574.6K998.3K542.9K
Other Non Cash Items121.6K13.8K138.1K(4.6M)89.3K93.7K

Foremost Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Foremost Lithium's current stock value. Our valuation model uses many indicators to compare Foremost Lithium value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Foremost Lithium competition to find correlations between indicators driving Foremost Lithium's intrinsic value. More Info.
Foremost Lithium Resource is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . At this time, Foremost Lithium's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Foremost Lithium by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Foremost Lithium Resource Systematic Risk

Foremost Lithium's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Foremost Lithium volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Foremost Lithium Resource correlated with the market. If Beta is less than 0 Foremost Lithium generally moves in the opposite direction as compared to the market. If Foremost Lithium Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Foremost Lithium Resource is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Foremost Lithium is generally in the same direction as the market. If Beta > 1 Foremost Lithium moves generally in the same direction as, but more than the movement of the benchmark.
This Stock does not participate in any thematic ideas. You can create a thematic portfolio hereView All Thematic Ideas
Today, most investors in Foremost Lithium Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Foremost Lithium's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Foremost Lithium growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.007911

At this time, Foremost Lithium's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Foremost Lithium December 3, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Foremost Lithium help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Foremost Lithium Resource. We use our internally-developed statistical techniques to arrive at the intrinsic value of Foremost Lithium Resource based on widely used predictive technical indicators. In general, we focus on analyzing Foremost Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Foremost Lithium's daily price indicators and compare them against related drivers.

Additional Tools for Foremost Stock Analysis

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