Skeena Resources Stock Beta
| SKE Stock | USD 9.27 0.01 0.11% |
Skeena Resources fundamentals help investors to digest information that contributes to Skeena Resources' financial success or failures. It also enables traders to predict the movement of Skeena Stock. The fundamental analysis module provides a way to measure Skeena Resources' 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 Skeena Resources stock.
Skeena | Beta |
Skeena Resources Company Beta Analysis
Skeena Resources' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Skeena Resources Beta | 1.68 |
Most of Skeena Resources' fundamental indicators, such as Beta, 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, Skeena Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Skeena Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Skeena Resources is extremely important. It helps to project a fair market value of Skeena Stock properly, considering its historical fundamentals such as Beta. Since Skeena Resources' 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 Skeena Resources' 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 Skeena Resources' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Skeena Resources has a Beta of 1.683. This is 93.45% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
Skeena Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skeena Resources' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Skeena Resources could also be used in its relative valuation, which is a method of valuing Skeena Resources by comparing valuation metrics of similar companies.Skeena Resources is currently under evaluation in beta category among its peers.
Skeena Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Skeena Resources from analyzing Skeena Resources' financial statements. These drivers represent accounts that assess Skeena Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Skeena Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 73.4M | 581.4M | 787.8M | 507.2M | 544.1M | 571.3M | |
| Enterprise Value | 61.7M | 546.2M | 748.8M | 470.2M | 485.3M | 509.6M |
Skeena Resources ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Skeena Resources' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Skeena Resources' managers, analysts, and investors.Environmental | Governance | Social |
Skeena Resources Institutional Holders
Institutional Holdings refers to the ownership stake in Skeena Resources that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Skeena Resources' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Skeena Resources' value.| Shares | Connor Clark & Lunn Inv Mgmt Ltd | 2024-09-30 | 1.1 M | Sprott Inc. | 2024-09-30 | 1.1 M | Td Asset Management Inc | 2024-09-30 | 916.1 K | Deutsche Bank Ag | 2024-06-30 | 451.1 K | Allspring Global Investments Holdings, Llc | 2024-09-30 | 450 K | D. E. Shaw & Co Lp | 2024-09-30 | 393.2 K | Knoll Capital Management Lp | 2024-09-30 | 315.4 K | Federation Des Caisses Desjardins Du Quebec | 2024-09-30 | 279.1 K | Two Sigma Investments Llc | 2024-09-30 | 276.8 K | Orion Resource Partners Lp | 2024-09-30 | 15.4 M | Van Eck Associates Corporation | 2024-06-30 | 4.3 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Skeena Resources will likely underperform.
Skeena Fundamentals
| Return On Equity | -0.78 | |||
| Return On Asset | -0.38 | |||
| Current Valuation | 963.34 M | |||
| Shares Outstanding | 107.36 M | |||
| Shares Owned By Insiders | 1.50 % | |||
| Shares Owned By Institutions | 74.83 % | |||
| Number Of Shares Shorted | 3.82 M | |||
| Price To Book | 15.44 X | |||
| EBITDA | (113.88 M) | |||
| Net Income | (108.98 M) | |||
| Cash And Equivalents | 37.1 M | |||
| Cash Per Share | 0.53 X | |||
| Total Debt | 32.38 M | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 2.23 X | |||
| Book Value Per Share | 1.38 X | |||
| Cash Flow From Operations | (90.6 M) | |||
| Short Ratio | 14.09 X | |||
| Earnings Per Share | (1.36) X | |||
| Number Of Employees | 83 | |||
| Beta | 1.68 | |||
| Market Capitalization | 995.26 M | |||
| Total Asset | 194.99 M | |||
| Retained Earnings | (476.91 M) | |||
| Working Capital | 29.24 M | |||
| Net Asset | 194.99 M |
About Skeena Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Skeena Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skeena Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skeena Resources 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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Skeena Resources is a strong investment it is important to analyze Skeena Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skeena Resources' future performance. For an informed investment choice regarding Skeena Stock, refer to the following important reports:Check out Skeena Resources Piotroski F Score and Skeena Resources Altman Z Score analysis. For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skeena Resources. If investors know Skeena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skeena Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.36) | Return On Assets (0.38) | Return On Equity (0.78) |
The market value of Skeena Resources is measured differently than its book value, which is the value of Skeena that is recorded on the company's balance sheet. Investors also form their own opinion of Skeena Resources' value that differs from its market value or its book value, called intrinsic value, which is Skeena Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skeena Resources' market value can be influenced by many factors that don't directly affect Skeena Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skeena Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skeena Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skeena Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.