E3 Lithium Stock Price To Earning
ETL Stock | 1.09 0.03 2.68% |
E3 Lithium fundamentals help investors to digest information that contributes to E3 Lithium's financial success or failures. It also enables traders to predict the movement of ETL Stock. The fundamental analysis module provides a way to measure E3 Lithium'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 E3 Lithium stock.
ETL | Price To Earning |
E3 Lithium Company Price To Earning Analysis
E3 Lithium's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
ETL Price To Earning Driver Correlations
Understanding the fundamental principles of building solid financial models for E3 Lithium is extremely important. It helps to project a fair market value of ETL Stock properly, considering its historical fundamentals such as Price To Earning. Since E3 Lithium'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 E3 Lithium'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 E3 Lithium's interrelated accounts and indicators.
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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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ETL Retained Earnings
Based on the latest financial disclosure, E3 Lithium has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The price to earning for all Canada stocks is 100.0% higher than that of the company.
E3 Lithium Current Valuation Drivers
We derive many important indicators used in calculating different scores of E3 Lithium from analyzing E3 Lithium's financial statements. These drivers represent accounts that assess E3 Lithium's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of E3 Lithium's important valuation drivers and their relationship over time.
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Market Cap | 8.4M | 26.7M | 115.5M | 115.3M | 150.7M | 158.3M | |
Enterprise Value | 8.2M | 20.4M | 98.0M | 102.6M | 121.4M | 127.4M |
ETL Fundamentals
Return On Equity | -0.2 | ||||
Return On Asset | -0.14 | ||||
Current Valuation | 59.71 M | ||||
Shares Outstanding | 75.27 M | ||||
Shares Owned By Insiders | 2.92 % | ||||
Shares Owned By Institutions | 0.15 % | ||||
Number Of Shares Shorted | 63.21 K | ||||
Price To Book | 1.56 X | ||||
EBITDA | (10.48 M) | ||||
Net Income | (9.04 M) | ||||
Total Debt | 4.83 M | ||||
Book Value Per Share | 0.76 X | ||||
Cash Flow From Operations | (5.86 M) | ||||
Short Ratio | 0.89 X | ||||
Earnings Per Share | (0.13) X | ||||
Target Price | 3.63 | ||||
Beta | 0.66 | ||||
Market Capitalization | 82.04 M | ||||
Total Asset | 61.99 M | ||||
Retained Earnings | (42.79 M) | ||||
Working Capital | 32.05 M | ||||
Net Asset | 61.99 M |
About E3 Lithium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze E3 Lithium's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of E3 Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of E3 Lithium 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.
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Additional Tools for ETL Stock Analysis
When running E3 Lithium's price analysis, check to measure E3 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 E3 Lithium is operating at the current time. Most of E3 Lithium's value examination focuses on studying past and present price action to predict the probability of E3 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 E3 Lithium's price. Additionally, you may evaluate how the addition of E3 Lithium to your portfolios can decrease your overall portfolio volatility.