Endeavour Silver Price To Sales vs. Cash And Equivalents
| EDR Stock | CAD 5.32 0.07 1.33% |
Endeavour Silver Price To Sales Ratio |
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For Endeavour Silver profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Endeavour Silver to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Endeavour Silver Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Endeavour Silver's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Endeavour Silver Corp over time as well as its relative position and ranking within its peers.
Endeavour |
Endeavour Silver Corp Cash And Equivalents vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Endeavour Silver's current stock value. Our valuation model uses many indicators to compare Endeavour Silver value to that of its competitors to determine the firm's financial worth. Endeavour Silver Corp is one of the top stocks in price to sales category among its peers. It also is one of the top stocks in cash and equivalents category among its peers creating about 13,439,323 of Cash And Equivalents per Price To Sales. At this time, Endeavour Silver's Price To Sales Ratio is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Endeavour Silver by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Endeavour Silver's 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.Endeavour Cash And Equivalents vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Endeavour Silver |
| = | 6.21 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
Endeavour Silver |
| = | 83.39 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).
Endeavour Cash And Equivalents Comparison
Endeavour Silver is currently under evaluation in cash and equivalents category among its peers.
Endeavour Silver Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Endeavour Silver, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Endeavour Silver will eventually generate negative long term returns. The profitability progress is the general direction of Endeavour Silver's change in net profit over the period of time. It can combine multiple indicators of Endeavour Silver, 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 | ||
| Operating Income | 8.7 M | 9.1 M | |
| Income Before Tax | 18.3 M | 19.2 M | |
| Total Other Income Expense Net | 9.6 M | 10 M | |
| Net Income | 6.1 M | 6.4 M | |
| Income Tax Expense | 12.1 M | 12.7 M | |
| Net Income From Continuing Ops | 6.1 M | 6.4 M | |
| Net Income Applicable To Common Shares | 7.1 M | 7.5 M | |
| Interest Income | 457.2 K | 434.3 K | |
| Net Interest Income | -822 K | -863.1 K | |
| Change To Netincome | 18.5 M | 19.4 M | |
| Net Income Per Share | 0.03 | 0.03 | |
| Income Quality | 1.92 | 1.86 | |
| Net Income Per E B T | 0.34 | 0.32 |
Endeavour Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Endeavour Silver. 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 Endeavour Silver 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 Endeavour Silver's important profitability drivers and their relationship over time.
Use Endeavour Silver 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 Endeavour Silver 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 Endeavour Silver will appreciate offsetting losses from the drop in the long position's value.Endeavour Silver Pair Trading
Endeavour Silver Corp Pair Trading Analysis
The ability to find closely correlated positions to Endeavour Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endeavour Silver 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 Endeavour Silver - 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 Endeavour Silver Corp to buy it.
The correlation of Endeavour Silver 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 Endeavour Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Silver 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 Endeavour Silver 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 Endeavour Silver position
In addition to having Endeavour Silver 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?
Run Market Neutral Funds Thematic Idea Now
Market Neutral Funds
Funds or Etfs that invest in both long and short positions of different entities to enhance returns from broad market movements over time. The Market Neutral Funds theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Market Neutral Funds Theme or any other thematic opportunities.
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To fully project Endeavour Silver's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Endeavour Silver Corp 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 Endeavour Silver's income statement, its balance sheet, and the statement of cash flows.