Xtra Gold Resources Corp Stock Current Valuation
| XTG Stock | CAD 1.90 0.07 3.83% |
Valuation analysis of Xtra Gold Resources helps investors to measure Xtra Gold's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of the 12th of December 2024, Enterprise Value Over EBITDA is likely to grow to 13.67. Also, Enterprise Value Multiple is likely to grow to 13.67. Fundamental drivers impacting Xtra Gold's valuation include:
Price Book 4.6187 | Enterprise Value 65.3 M | Enterprise Value Ebitda (20.39) | Trailing PE 183 |
Overvalued
Today
Please note that Xtra Gold's price fluctuation is risky at this time. Calculation of the real value of Xtra Gold Resources is based on 3 months time horizon. Increasing Xtra Gold's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Xtra Gold is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Xtra Stock. However, Xtra Gold's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 1.9 | Real 1.78 | Hype 1.9 | Naive 1.85 |
The intrinsic value of Xtra Gold's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Xtra Gold's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Xtra Gold Resources Corp helps investors to forecast how Xtra stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Xtra Gold more accurately as focusing exclusively on Xtra Gold's fundamentals will not take into account other important factors: Xtra Gold Resources Corp Company Current Valuation Analysis
Xtra 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 Xtra Gold Current Valuation | 65.27 M |
Most of Xtra 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, Xtra Gold Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Xtra Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Xtra Gold is extremely important. It helps to project a fair market value of Xtra Stock properly, considering its historical fundamentals such as Current Valuation. Since Xtra Gold'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 Xtra Gold'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 Xtra Gold's interrelated accounts and indicators.
Click cells to compare fundamentals
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, Xtra Gold Resources Corp has a Current Valuation of 65.27 M. This is 99.43% lower than that of the Metals & Mining sector and 98.34% lower than that of the Materials industry. The current valuation for all Canada stocks is 99.61% higher than that of the company.
Xtra Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Xtra 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 Xtra Gold could also be used in its relative valuation, which is a method of valuing Xtra Gold by comparing valuation metrics of similar companies.Xtra Gold is currently under evaluation in current valuation category among its peers.
Xtra Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of Xtra Gold from analyzing Xtra Gold's financial statements. These drivers represent accounts that assess Xtra Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Xtra Gold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 24.4M | 48.6M | 36.2M | 29.9M | 36.7M | 40.2M | |
| Enterprise Value | 20.4M | 44.2M | 31.6M | 24.1M | 29.5M | 37.3M |
Xtra Fundamentals
| Return On Equity | 0.0738 | ||||
| Return On Asset | 0.11 | ||||
| Current Valuation | 65.27 M | ||||
| Shares Outstanding | 46.04 M | ||||
| Shares Owned By Insiders | 22.99 % | ||||
| Number Of Shares Shorted | 13.28 K | ||||
| Price To Earning | 19.17 X | ||||
| Price To Book | 4.62 X | ||||
| EBITDA | 2.27 M | ||||
| Net Income | 14.72 K | ||||
| Cash And Equivalents | 5.78 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 1.52 M | ||||
| Current Ratio | 20.82 X | ||||
| Book Value Per Share | 0.28 X | ||||
| Cash Flow From Operations | 1.81 M | ||||
| Short Ratio | 0.74 X | ||||
| Earnings Per Share | 0.01 X | ||||
| Beta | 0.56 | ||||
| Market Capitalization | 84.26 M | ||||
| Total Asset | 11.86 M | ||||
| Retained Earnings | (21.51 M) | ||||
| Working Capital | 8.77 M | ||||
| Net Asset | 11.86 M |
About Xtra Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Xtra Gold Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Xtra Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Xtra Gold Resources 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.
Pair Trading with Xtra Gold
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 Xtra Gold 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 Xtra Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Xtra Stock
The ability to find closely correlated positions to Xtra Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtra Gold 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 Xtra Gold - 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 Xtra Gold Resources Corp to buy it.
The correlation of Xtra Gold 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 Xtra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtra Gold Resources 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 Xtra Gold 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 Xtra Stock
Xtra Gold financial ratios help investors to determine whether Xtra 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 Xtra with respect to the benefits of owning Xtra Gold security.