Independence Gold Corp Stock Fundamentals
| IGO Stock | CAD 0.18 0.01 5.88% |
Independence Gold Corp fundamentals help investors to digest information that contributes to Independence Gold's financial success or failures. It also enables traders to predict the movement of Independence Stock. The fundamental analysis module provides a way to measure Independence Gold'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 Independence Gold stock.
Independence |
Independence Gold Corp Company Current Valuation Analysis
Independence Gold's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Independence Gold Current Valuation | 34.92 M |
Most of Independence Gold's fundamental indicators, such as Current Valuation, 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, Independence Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Independence Gold Corp has a Current Valuation of 34.92 M. This is 99.69% lower than that of the Metals & Mining sector and 99.11% lower than that of the Materials industry. The current valuation for all Canada stocks is 99.79% higher than that of the company.
Independence Gold Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Independence Gold's current stock value. Our valuation model uses many indicators to compare Independence Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Independence Gold competition to find correlations between indicators driving Independence Gold's intrinsic value. More Info.Independence Gold Corp is rated fifth overall in return on equity category among its peers. It also is rated fifth overall in return on asset category among its peers . 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 Independence Gold's earnings, one of the primary drivers of an investment's value.Independence Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Independence Gold's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Independence Gold could also be used in its relative valuation, which is a method of valuing Independence Gold by comparing valuation metrics of similar companies.Independence Gold is currently under evaluation in current valuation category among its peers.
Independence Fundamentals
| Return On Equity | -0.94 | ||||
| Return On Asset | -0.48 | ||||
| Current Valuation | 34.92 M | ||||
| Shares Outstanding | 204.66 M | ||||
| Shares Owned By Insiders | 10.41 % | ||||
| Number Of Shares Shorted | 17.64 K | ||||
| Price To Earning | (3.55) X | ||||
| Price To Book | 6.79 X | ||||
| Gross Profit | (1.28 K) | ||||
| EBITDA | (3.76 M) | ||||
| Net Income | (3.81 M) | ||||
| Cash And Equivalents | 1.98 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 420.78 K | ||||
| Debt To Equity | 7.90 % | ||||
| Current Ratio | 6.60 X | ||||
| Book Value Per Share | 0.03 X | ||||
| Cash Flow From Operations | (3.36 M) | ||||
| Short Ratio | 0.04 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Beta | 1.37 | ||||
| Market Capitalization | 42.98 M | ||||
| Total Asset | 8.47 M | ||||
| Retained Earnings | (40.37 M) | ||||
| Working Capital | 3.15 M | ||||
| Net Asset | 8.47 M |
About Independence Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Independence Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Independence Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Independence Gold Corp 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.Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. The company was incorporated in 2011 and is headquartered in Vancouver, Canada. INDEPENDENCE GOLD operates under Gold classification in Canada and is traded on TSX Venture Exchange.
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Additional Tools for Independence Stock Analysis
When running Independence Gold's price analysis, check to measure Independence Gold'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 Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to predict the probability of Independence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.