First Mining Gold Stock Return On Asset
| FF Stock | CAD 0.13 0.00 0.00% |
First Mining Gold fundamentals help investors to digest information that contributes to First Mining's financial success or failures. It also enables traders to predict the movement of First Stock. The fundamental analysis module provides a way to measure First Mining'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 First Mining stock.
As of the 2nd of December 2024, Return On Assets is likely to drop to -0.03. First | Return On Asset |
First Mining Gold Company Return On Asset Analysis
First Mining's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current First Mining Return On Asset | -0.0738 |
Most of First Mining's fundamental indicators, such as Return On Asset, 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, First Mining Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for First Mining is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Return On Asset. Since First Mining'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 First Mining'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 First Mining's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, First Mining Gold has a Return On Asset of -0.0738. This is 109.97% lower than that of the Metals & Mining sector and 146.0% higher than that of the Materials industry. The return on asset for all Canada stocks is 47.29% lower than that of the firm.
First Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First Mining's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First Mining could also be used in its relative valuation, which is a method of valuing First Mining by comparing valuation metrics of similar companies.First Mining is currently under evaluation in return on asset category among its peers.
First Mining Current Valuation Drivers
We derive many important indicators used in calculating different scores of First Mining from analyzing First Mining's financial statements. These drivers represent accounts that assess First Mining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of First Mining's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 146.6M | 258.0M | 209.6M | 147.6M | 132.9M | 111.6M | |
| Enterprise Value | 141.3M | 229.6M | 180.5M | 134.4M | 121.0M | 95.5M |
First Fundamentals
| Return On Equity | -0.19 | ||||
| Return On Asset | -0.0738 | ||||
| Current Valuation | 126.82 M | ||||
| Shares Outstanding | 1.08 B | ||||
| Shares Owned By Insiders | 4.53 % | ||||
| Shares Owned By Institutions | 7.27 % | ||||
| Number Of Shares Shorted | 1.05 M | ||||
| Price To Book | 0.64 X | ||||
| EBITDA | (6.6 M) | ||||
| Net Income | (7.04 M) | ||||
| Cash And Equivalents | 13.56 M | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 172 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 3.02 X | ||||
| Book Value Per Share | 0.23 X | ||||
| Cash Flow From Operations | (5.07 M) | ||||
| Short Ratio | 1.42 X | ||||
| Earnings Per Share | (0.05) X | ||||
| Target Price | 0.57 | ||||
| Beta | 0.98 | ||||
| Market Capitalization | 143.08 M | ||||
| Total Asset | 286.07 M | ||||
| Retained Earnings | (165.58 M) | ||||
| Working Capital | 2.16 M | ||||
| Net Asset | 286.07 M |
About First Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Mining Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Mining Gold 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.
Other Information on Investing in First Stock
First Mining financial ratios help investors to determine whether First Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Mining security.