Eldorado Historical Cash Flow
| EGO Stock | USD 15.88 0.18 1.15% |
Analysis of Eldorado Gold cash flow over time is an excellent tool to project Eldorado Gold Corp future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Depreciation of 277.5 M or Capital Expenditures of 433.3 M as it is a great indicator of Eldorado Gold ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Eldorado Gold Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Eldorado Gold Corp is a good buy for the upcoming year.
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About Eldorado Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Eldorado balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Eldorado's non-liquid assets can be easily converted into cash.
Eldorado Gold Cash Flow Chart
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Capital Expenditures
Capital Expenditures are funds used by Eldorado Gold Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Eldorado Gold operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Eldorado Gold's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Eldorado Gold Corp current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Eldorado Gold's End Period Cash Flow is very stable compared to the past year. As of the 28th of November 2024, Stock Based Compensation is likely to grow to about 10.4 M, while Free Cash Flow is likely to drop (30.8 M).
Eldorado Gold cash flow statement Correlations
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Eldorado Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eldorado Gold cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (108.6M) | 274.2M | 29.4M | (201.6M) | 260.7M | 273.8M | |
| Free Cash Flow | (54.1M) | 219.2M | 55.8M | (109.0M) | (29.3M) | (30.8M) | |
| Begin Period Cash Flow | 286.3M | 177.7M | 452.0M | 481.3M | 279.7M | 248.8M | |
| Other Cashflows From Financing Activities | 481.2M | 292.9M | (32.4M) | (34.6M) | (56.4M) | (53.6M) | |
| Depreciation | 155.3M | 248.8M | 202.9M | 242.4M | 264.3M | 277.5M | |
| Other Non Cash Items | (128.6M) | (45.1M) | 9.4M | (25.7M) | (24.6M) | (23.4M) | |
| Capital Expenditures | 219.9M | 206.4M | 306.5M | 320.0M | 412.7M | 433.3M | |
| Total Cash From Operating Activities | 165.8M | 425.6M | 362.4M | 211.0M | 383.3M | 402.5M | |
| Net Income | 73.7M | 97.4M | 11.1M | (49.4M) | 104.6M | 109.9M | |
| Total Cash From Financing Activities | (85.5M) | 92.8M | (67.1M) | (41.3M) | 273.9M | 287.6M | |
| End Period Cash Flow | 177.7M | 452.0M | 481.3M | 279.7M | 540.5M | 567.5M | |
| Sale Purchase Of Stock | 40.1M | (3.6M) | 14.6M | (14.0M) | (4.4M) | (4.2M) | |
| Change To Inventory | (16.4M) | (3.2M) | (16.1M) | (20.6M) | (34.2M) | (32.5M) | |
| Stock Based Compensation | 10.4M | 10.7M | 7.9M | 10.7M | 10.2M | 10.4M | |
| Change In Working Capital | 15.3M | 34.8M | (8.9M) | (28.3M) | (28.8M) | (27.4M) | |
| Total Cashflows From Investing Activities | (188.9M) | (244.2M) | (265.9M) | (370.9M) | (333.8M) | (350.5M) | |
| Change To Account Receivables | 6.0M | (5.4M) | 14.1M | (3.8M) | (29.9M) | (28.4M) | |
| Change To Liabilities | 25.6M | 43.4M | (6.9M) | (4.0M) | (3.6M) | (3.4M) | |
| Other Cashflows From Investing Activities | 21.2M | (14.5M) | (27.9M) | (81.0M) | (72.9M) | (69.3M) | |
| Investments | (188.9M) | (244.2M) | 33.4M | (370.9M) | (320.9M) | (304.9M) | |
| Net Borrowings | (112.7M) | 7.5M | (49.3M) | (6.9M) | (6.2M) | (6.5M) | |
| Change To Netincome | (82.4M) | 33.3M | 293.3M | 348.5M | 313.6M | 174.4M | |
| Issuance Of Capital Stock | 40.1M | 96.0M | 14.6M | 14.1M | 167.1M | 175.5M |
Pair Trading with Eldorado 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 Eldorado 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eldorado Stock
Moving against Eldorado Stock
The ability to find closely correlated positions to Eldorado 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 Eldorado 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 Eldorado 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 Eldorado Gold Corp to buy it.
The correlation of Eldorado 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 Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold Corp 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 Eldorado 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is 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 Eldorado Gold. If investors know Eldorado 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 Eldorado Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 55.667 | Earnings Share 1.43 | Revenue Per Share 5.868 | Quarterly Revenue Growth 0.355 | Return On Assets 0.0386 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold's 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 Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold's 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 Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold's 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.