Metalex Ventures Cash And Equivalents vs. Current Valuation

MTX Stock  CAD 0.02  0.01  33.33%   
Based on Metalex Ventures' profitability indicators, Metalex Ventures 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 Metalex Ventures' ability to earn profits and add value for shareholders. At this time, Metalex Ventures' Interest Coverage is fairly stable compared to the past year. Income Quality is likely to climb to 1.06 in 2024, whereas Book Value Per Share is likely to drop 0.02 in 2024.
For Metalex Ventures profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Metalex Ventures to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Metalex Ventures utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Metalex Ventures's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Metalex Ventures over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Metalex Ventures' value and its price as these two are different measures arrived at by different means. Investors typically determine if Metalex Ventures is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Metalex Ventures' 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.

Metalex Ventures Current Valuation vs. Cash And Equivalents Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Metalex Ventures's current stock value. Our valuation model uses many indicators to compare Metalex Ventures value to that of its competitors to determine the firm's financial worth.
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Metalex Ventures is regarded fourth in cash and equivalents category among its peers. It is rated below average in current valuation category among its peers reporting about  10.79  of Current Valuation per Cash And Equivalents. 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 Metalex Ventures' earnings, one of the primary drivers of an investment's value.

Metalex Current Valuation 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.

Metalex Ventures

Cash

 = 

Bank Deposits

+

Liquidities

 = 
406.26 K
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).
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.

Metalex Ventures

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
4.38 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.

Metalex Current Valuation vs Competition

Metalex Ventures is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is now estimated at about 215.57 Million. Metalex Ventures holds roughly 4.38 Million in current valuation claiming about 2.03% of all equities under Materials industry.
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Metalex Ventures Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Metalex Ventures, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Metalex Ventures will eventually generate negative long term returns. The profitability progress is the general direction of Metalex Ventures' change in net profit over the period of time. It can combine multiple indicators of Metalex Ventures, 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 Income9.7 M8.6 M
Operating Income-3.1 M-3.2 M
Income Before Tax-2.6 M-2.7 M
Total Other Income Expense Net373.7 K392.3 K
Net Loss-2.6 M-2.7 M
Income Tax Expense-100.9 K-106 K
Net Loss-2.6 M-2.4 M
Net Loss-1.4 M-1.5 M
Net Interest Income135.2 K150.4 K
Interest Income135.2 K163 K
Change To Netincome4.6 K4.8 K
Net Loss(0.01)(0.01)
Income Quality 0.93  1.06 
Net Income Per E B T 0.87  0.75 

Metalex Profitability Driver Comparison

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

Use Metalex Ventures 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 Metalex Ventures 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 Metalex Ventures will appreciate offsetting losses from the drop in the long position's value.

Metalex Ventures Pair Trading

Metalex Ventures Pair Trading Analysis

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

In addition to having Metalex Ventures 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 Chemicals Makers Thematic Idea Now

Chemicals Makers
Chemicals Makers Theme
Companies developing chemicals for crops, soil as well as human, and animals. The Chemicals Makers 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 Chemicals Makers Theme or any other thematic opportunities.
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Additional Tools for Metalex Stock Analysis

When running Metalex Ventures' price analysis, check to measure Metalex Ventures' 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 Metalex Ventures is operating at the current time. Most of Metalex Ventures' value examination focuses on studying past and present price action to predict the probability of Metalex Ventures' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalex Ventures' price. Additionally, you may evaluate how the addition of Metalex Ventures to your portfolios can decrease your overall portfolio volatility.