Altamira Gold EBITDA vs. Cash Per Share
| ALTA Stock | CAD 0.12 0.01 7.69% |
EBITDA | First Reported 2010-12-31 | Previous Quarter -1.7 M | Current Value -1.6 M | Quarterly Volatility 633 K |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.0866 | 0.0911 |
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For Altamira Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Altamira Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Altamira Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Altamira Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Altamira Gold Corp over time as well as its relative position and ranking within its peers.
Altamira |
Altamira Gold Corp Cash Per Share vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Altamira Gold's current stock value. Our valuation model uses many indicators to compare Altamira Gold value to that of its competitors to determine the firm's financial worth. Altamira Gold Corp is rated fourth in ebitda category among its peers. It is number one stock in cash per share category among its peers . Altamira Gold reported EBITDA of (1.68 Million) in 2023. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Altamira Gold's earnings, one of the primary drivers of an investment's value.Altamira Cash Per Share vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Altamira Gold |
| = | (1.68 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Altamira Gold |
| = | 0.01 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Altamira Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Altamira Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Altamira Gold will eventually generate negative long term returns. The profitability progress is the general direction of Altamira Gold's change in net profit over the period of time. It can combine multiple indicators of Altamira Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 5.7 M | 6 M | |
| Operating Income | -1.7 M | -785.3 K | |
| Income Before Tax | -1.6 M | -795.4 K | |
| Total Other Income Expense Net | 53.9 K | -10.1 K | |
| Net Loss | -1.6 M | -574.5 K | |
| Net Loss | -1.6 M | -795.4 K | |
| Net Loss | -574.5 K | -603.3 K | |
| Net Interest Income | 68.7 K | 72.1 K | |
| Interest Income | 72.8 K | 76.4 K | |
| Change To Netincome | -84.6 K | -80.4 K | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 0.65 | 0.50 | |
| Net Income Per E B T | 0.90 | 0.73 |
Altamira Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Altamira Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Altamira Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Altamira Gold's important profitability drivers and their relationship over time.
Use Altamira Gold in pair-trading
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 Altamira 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 Altamira Gold will appreciate offsetting losses from the drop in the long position's value.Altamira Gold Pair Trading
Altamira Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Altamira 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 Altamira 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 Altamira 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 Altamira Gold Corp to buy it.
The correlation of Altamira 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 Altamira Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altamira 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 Altamira 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.Use Investing Themes to Complement your Altamira Gold position
In addition to having Altamira Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for Altamira Stock Analysis
When running Altamira Gold's price analysis, check to measure Altamira Gold'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 Altamira Gold is operating at the current time. Most of Altamira Gold's value examination focuses on studying past and present price action to predict the probability of Altamira Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altamira Gold's price. Additionally, you may evaluate how the addition of Altamira Gold to your portfolios can decrease your overall portfolio volatility.