New Pacific Metals Stock Fundamentals
| NEWP Stock | USD 1.59 0.05 3.05% |
New Pacific Metals fundamentals help investors to digest information that contributes to New Pacific's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Pacific'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 New Pacific stock.
At this time, New Pacific's Depreciation And Amortization is relatively stable compared to the past year. As of 11/28/2024, Other Operating Expenses is likely to grow to about 8.3 M, though Gross Profit is likely to grow to (198.7 K). New | Select Account or Indicator |
New Pacific Metals Company Return On Equity Analysis
New Pacific's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current New Pacific Return On Equity | -0.0478 |
Most of New Pacific's fundamental indicators, such as Return On Equity, 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, New Pacific Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, New Pacific Metals has a Return On Equity of -0.0478. This is 105.25% lower than that of the Electronic Equipment, Instruments & Components sector and significantly lower than that of the Information Technology industry. The return on equity for all United States stocks is 84.58% lower than that of the firm.
New Pacific Metals Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Pacific's current stock value. Our valuation model uses many indicators to compare New Pacific value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Pacific competition to find correlations between indicators driving New Pacific's intrinsic value. More Info.New Pacific Metals is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . At this time, New Pacific's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value New Pacific 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.New Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Pacific's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Pacific could also be used in its relative valuation, which is a method of valuing New Pacific by comparing valuation metrics of similar companies.New Pacific is currently under evaluation in return on equity category among its peers.
New Pacific Current Valuation Drivers
We derive many important indicators used in calculating different scores of New Pacific from analyzing New Pacific's financial statements. These drivers represent accounts that assess New Pacific's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of New Pacific's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 808.8M | 736.5M | 443.5M | 339.9M | 15.2M | 14.4M | |
| Enterprise Value | 779.0M | 690.0M | 414.2M | 333.6M | 14.4M | 13.6M |
New Fundamentals
| Return On Equity | -0.0478 | ||||
| Return On Asset | -0.0308 | ||||
| Current Valuation | 248.46 M | ||||
| Shares Outstanding | 171.5 M | ||||
| Shares Owned By Insiders | 46.18 % | ||||
| Shares Owned By Institutions | 15.97 % | ||||
| Number Of Shares Shorted | 978.01 K | ||||
| Price To Earning | 174.55 X | ||||
| Price To Book | 2.00 X | ||||
| Price To Sales | 271.60 X | ||||
| Gross Profit | (460.9 K) | ||||
| EBITDA | (5.76 M) | ||||
| Net Income | (6.03 M) | ||||
| Cash And Equivalents | 29.99 M | ||||
| Cash Per Share | 0.19 X | ||||
| Total Debt | 1.21 M | ||||
| Debt To Equity | 0.21 % | ||||
| Current Ratio | 8.58 X | ||||
| Book Value Per Share | 0.80 X | ||||
| Cash Flow From Operations | (4.01 M) | ||||
| Short Ratio | 3.20 X | ||||
| Earnings Per Share | (0.04) X | ||||
| Target Price | 4.59 | ||||
| Beta | 1.17 | ||||
| Market Capitalization | 272.68 M | ||||
| Total Asset | 137.67 M | ||||
| Retained Earnings | (74.65 M) | ||||
| Working Capital | 21.38 M | ||||
| Current Asset | 280.01 M | ||||
| Current Liabilities | 97.61 M | ||||
| Net Asset | 137.67 M |
About New Pacific Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Pacific Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Pacific using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Pacific Metals 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 15.4 M | 11.9 M | |
| Cost Of Revenue | 209.1 K | 198.7 K | |
| Stock Based Compensation To Revenue | 412.71 | 366.85 | |
| Sales General And Administrative To Revenue | 1.5 K | 1.3 K | |
| Capex To Revenue | 21.59 | 20.51 | |
| Ebit Per Revenue | (46.75) | (49.09) |
Pair Trading with New Pacific
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Pacific position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Pacific will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
| 0.54 | LGMK | LogicMark | PairCorr |
| 0.39 | TER | Teradyne | PairCorr |
| 0.33 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.32 | BKRKF | PT Bank Rakyat | PairCorr |
The ability to find closely correlated positions to New Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Pacific when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Pacific - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Pacific Metals to buy it.
The correlation of New Pacific is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Pacific Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Pacific can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for New Stock Analysis
When running New Pacific's price analysis, check to measure New Pacific'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 New Pacific is operating at the current time. Most of New Pacific's value examination focuses on studying past and present price action to predict the probability of New Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Pacific's price. Additionally, you may evaluate how the addition of New Pacific to your portfolios can decrease your overall portfolio volatility.