Almaden Minerals Cash And Equivalents vs. Price To Book

AMM Stock  CAD 0.06  0.01  20.00%   
Based on Almaden Minerals' profitability indicators, Almaden Minerals may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Almaden Minerals' ability to earn profits and add value for shareholders. At this time, Almaden Minerals' Price To Sales Ratio is very stable compared to the past year. As of the 14th of December 2024, Days Sales Outstanding is likely to grow to about 1.9 M, though Operating Cash Flow Sales Ratio is likely to grow to (32.4 K). At this time, Almaden Minerals' Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 14th of December 2024, Change To Netincome is likely to grow to about 12.5 M, while Operating Income is likely to drop (4.5 M).
For Almaden Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Almaden Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Almaden Minerals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Almaden Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Almaden Minerals over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Almaden Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Almaden Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Almaden Minerals' 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.

Almaden Minerals Price To Book vs. Cash And Equivalents Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Almaden Minerals's current stock value. Our valuation model uses many indicators to compare Almaden Minerals value to that of its competitors to determine the firm's financial worth.
Almaden Minerals is rated fifth in cash and equivalents category among its peers. It also is rated fifth in price to book category among its peers . The ratio of Cash And Equivalents to Price To Book for Almaden Minerals is about  970,929 . As of the 14th of December 2024, Price To Book Ratio is likely to drop to 2.87. Comparative valuation analysis is a catch-all model that can be used if you cannot value Almaden Minerals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Almaden Minerals' 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.

Almaden Price To Book vs. Cash And Equivalents

Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Almaden Minerals

Cash

 = 

Bank Deposits

+

Liquidities

 = 
1.72 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Almaden Minerals

P/B

 = 

MV Per Share

BV Per Share

 = 
1.77 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

Almaden Price To Book Comparison

Almaden Minerals is currently under evaluation in price to book category among its peers.

Almaden Minerals Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Almaden Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Almaden Minerals will eventually generate negative long term returns. The profitability progress is the general direction of Almaden Minerals' change in net profit over the period of time. It can combine multiple indicators of Almaden Minerals, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income23.4 M24.5 M
Operating Income-4.3 M-4.5 M
Income Before Tax-66.7 M-63.4 M
Total Other Income Expense Net-62.5 M-59.3 M
Net Loss-63.6 M-60.4 M
Income Tax Expense-3.1 M-2.9 M
Net Loss-63.6 M-60.4 M
Net Loss-13.6 M-12.9 M
Interest Income370.7 K249.5 K
Net Interest Income-209.5 K-199 K
Change To Netincome11.9 M12.5 M
Net Loss(0.46)(0.44)
Income Quality 0.02  0.02 
Net Income Per E B T 0.95  0.73 

Almaden Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Almaden Minerals. 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 Almaden Minerals 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 Almaden Minerals' important profitability drivers and their relationship over time.

Use Almaden Minerals 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 Almaden Minerals 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 Almaden Minerals will appreciate offsetting losses from the drop in the long position's value.

Almaden Minerals Pair Trading

Almaden Minerals Pair Trading Analysis

The ability to find closely correlated positions to Almaden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almaden Minerals 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 Almaden Minerals - 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 Almaden Minerals to buy it.
The correlation of Almaden Minerals 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 Almaden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almaden Minerals 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 Almaden Minerals 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.
Pair CorrelationCorrelation Matching

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Other Information on Investing in Almaden Stock

To fully project Almaden Minerals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Almaden Minerals at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Almaden Minerals' income statement, its balance sheet, and the statement of cash flows.
Potential Almaden Minerals investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Almaden Minerals investors may work on each financial statement separately, they are all related. The changes in Almaden Minerals's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Almaden Minerals's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.