Entree Resources Current Valuation vs. Book Value Per Share

ETG Stock  CAD 2.20  0.03  1.35%   
Based on Entree Resources' profitability indicators, Entree Resources 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 Entree Resources' ability to earn profits and add value for shareholders. As of the 14th of December 2024, Price To Sales Ratio is likely to drop to 188.17. In addition to that, Days Sales Outstanding is likely to drop to 225.14. At this time, Entree Resources' 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 6.9 M, while Operating Income is likely to drop (4.8 K).
For Entree Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Entree Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Entree Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Entree Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Entree Resources 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 Entree Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Entree Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entree Resources' 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.

Entree Resources Book Value Per Share vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Entree Resources's current stock value. Our valuation model uses many indicators to compare Entree Resources value to that of its competitors to determine the firm's financial worth.
Entree Resources is rated as one of the top companies in current valuation category among its peers. It is rated below average in book value per share category among its peers . At this time, Entree Resources' Book Value Per Share is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Entree Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Entree Resources' 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.

Entree Current Valuation vs. Competition

Entree Resources is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 661.78 Million. Entree Resources totals roughly 464.55 Million in current valuation claiming about 70% of all equities under Materials industry.

Entree Book Value Per Share vs. Current Valuation

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.

Entree Resources

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
464.55 M
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.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Entree Resources

Book Value per Share

 = 

Common Equity

Average Shares

 = 
(0.34) X
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.

Entree Book Value Per Share Comparison

Entree Resources is currently under evaluation in book value per share category among its peers.

Entree Resources Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Entree Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Entree Resources will eventually generate negative long term returns. The profitability progress is the general direction of Entree Resources' change in net profit over the period of time. It can combine multiple indicators of Entree Resources, 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 Income22.9 M24.1 M
Operating Income-4.5 K-4.8 K
Net Loss-9.6 M-10.1 M
Income Tax Expense-167.9 K-176.3 K
Income Before Tax-9.6 K-10.1 K
Total Other Income Expense Net-5 K-5.3 K
Net Loss-9.6 M-10.1 M
Net Loss-8.7 M-9.1 M
Interest Income333 K190.8 K
Net Interest Income-4.5 M-4.8 M
Change To Netincome4.8 M6.9 M
Income Quality 0.32  0.31 
Net Income Per E B T 1.22  1.17 

Entree Profitability Driver Comparison

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

Use Entree Resources 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 Entree Resources 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 Entree Resources will appreciate offsetting losses from the drop in the long position's value.

Entree Resources Pair Trading

Entree Resources Pair Trading Analysis

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

Use Investing Themes to Complement your Entree Resources position

In addition to having Entree Resources 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 Electronics Thematic Idea Now

Electronics
Electronics Theme
Companies manufacturing electronic appliances and goods. The Electronics theme has 39 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 Electronics Theme or any other thematic opportunities.
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Other Information on Investing in Entree Stock

To fully project Entree Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Entree Resources 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 Entree Resources' income statement, its balance sheet, and the statement of cash flows.
Potential Entree Resources investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Entree Resources investors may work on each financial statement separately, they are all related. The changes in Entree Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Entree Resources'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.