Nextsource Materials Stock Fundamentals
| NEXT Stock | CAD 0.48 0.01 2.04% |
NextSource Materials fundamentals help investors to digest information that contributes to NextSource Materials' financial success or failures. It also enables traders to predict the movement of NextSource Stock. The fundamental analysis module provides a way to measure NextSource Materials' 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 NextSource Materials stock.
At this time, NextSource Materials' Net Interest Income is very stable compared to the past year. As of the 27th of February 2025, Reconciled Depreciation is likely to grow to about 239.5 K, while Depreciation And Amortization is likely to drop 5,727. NextSource | Select Account or Indicator |
NextSource Materials Company Return On Equity Analysis
NextSource Materials' 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 NextSource Materials Return On Equity | -0.21 |
Most of NextSource Materials' 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, NextSource Materials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NextSource Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for NextSource Materials is extremely important. It helps to project a fair market value of NextSource Stock properly, considering its historical fundamentals such as Return On Equity. Since NextSource Materials' 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 NextSource Materials' 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 NextSource Materials' interrelated accounts and indicators.
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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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NextSource Total Stockholder Equity
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Based on the latest financial disclosure, NextSource Materials has a Return On Equity of -0.2065. This is 122.69% lower than that of the Metals & Mining sector and 143.02% lower than that of the Materials industry. The return on equity for all Canada stocks is 33.39% lower than that of the firm.
NextSource Materials Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining NextSource Materials's current stock value. Our valuation model uses many indicators to compare NextSource Materials value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NextSource Materials competition to find correlations between indicators driving NextSource Materials's intrinsic value. More Info.NextSource Materials is regarded third in return on equity category among its peers. It also is regarded third in return on asset category among its peers . At this time, NextSource Materials' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value NextSource Materials by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NextSource Materials' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.NextSource Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NextSource Materials' 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 NextSource Materials could also be used in its relative valuation, which is a method of valuing NextSource Materials by comparing valuation metrics of similar companies.NextSource Materials is currently under evaluation in return on equity category among its peers.
NextSource Materials Current Valuation Drivers
We derive many important indicators used in calculating different scores of NextSource Materials from analyzing NextSource Materials' financial statements. These drivers represent accounts that assess NextSource Materials' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NextSource Materials' important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 141.8M | 163.3M | 169.0M | 105.3M | 94.8M | 99.5M | |
| Enterprise Value | 119.4M | 153.9M | 173.6M | 115.7M | 104.1M | 109.3M |
NextSource Fundamentals
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.0644 | ||||
| Operating Margin | (51.07) % | ||||
| Current Valuation | 114.99 M | ||||
| Shares Outstanding | 184.91 M | ||||
| Shares Owned By Insiders | 48.70 % | ||||
| Shares Owned By Institutions | 0.24 % | ||||
| Number Of Shares Shorted | 183.16 K | ||||
| Price To Book | 1.12 X | ||||
| Price To Sales | 1,738 X | ||||
| Gross Profit | 20.06 K | ||||
| EBITDA | (7.37 M) | ||||
| Net Income | (8.75 M) | ||||
| Cash And Equivalents | 6.89 M | ||||
| Total Debt | 21.2 M | ||||
| Current Ratio | 1.48 X | ||||
| Book Value Per Share | 0.30 X | ||||
| Cash Flow From Operations | (8.89 M) | ||||
| Short Ratio | 2.39 X | ||||
| Earnings Per Share | (0.10) X | ||||
| Target Price | 3.1 | ||||
| Beta | 1.84 | ||||
| Market Capitalization | 89.68 M | ||||
| Total Asset | 92.85 M | ||||
| Retained Earnings | (151.45 M) | ||||
| Working Capital | 3.1 M | ||||
| Net Asset | 92.85 M |
About NextSource Materials Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NextSource Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NextSource Materials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NextSource Materials 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 | 3.5 M | 3.6 M | |
| Cost Of Revenue | 215.10 | 204.35 |
Pair Trading with NextSource Materials
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 NextSource Materials 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 NextSource Materials will appreciate offsetting losses from the drop in the long position's value.Moving against NextSource Stock
| 0.64 | FDY | Faraday Copper Corp | PairCorr |
| 0.61 | RY-PS | Royal Bank | PairCorr |
| 0.49 | IE | Ivanhoe Energy | PairCorr |
| 0.34 | INFM | Infinico Metals Corp | PairCorr |
| 0.32 | AG | First Majestic Silver | PairCorr |
The ability to find closely correlated positions to NextSource Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NextSource Materials 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 NextSource Materials - 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 NextSource Materials to buy it.
The correlation of NextSource Materials 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 NextSource Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextSource Materials 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 NextSource Materials 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.Other Information on Investing in NextSource Stock
NextSource Materials financial ratios help investors to determine whether NextSource 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 NextSource with respect to the benefits of owning NextSource Materials security.