Northern Shield Book Value Per Share vs. Current Valuation

NRN Stock  CAD 0.04  0.01  20.00%   
Based on the measurements of profitability obtained from Northern Shield's financial statements, Northern Shield 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 Northern Shield's ability to earn profits and add value for shareholders.
 
Book Value Per Share  
First Reported
2010-12-31
Previous Quarter
0.06902743
Current Value
0.0656
Quarterly Volatility
0.12114247
 
Credit Downgrade
 
Yuan Drop
 
Covid
Price To Sales Ratio is likely to drop to 492.04 in 2024. Days Sales Outstanding is likely to drop to 2,154 in 2024. Income Quality is likely to climb to 0.59 in 2024, whereas Accumulated Other Comprehensive Income is likely to drop slightly above 4.5 M in 2024.
For Northern Shield profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Shield to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Shield Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Shield's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Shield Resources 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 Northern Shield's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Shield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Shield's 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.

Northern Shield Resources Current Valuation vs. Book Value Per Share Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Northern Shield's current stock value. Our valuation model uses many indicators to compare Northern Shield value to that of its competitors to determine the firm's financial worth.
Northern Shield Resources is regarded fifth in book value per share category among its peers. It also is regarded fifth in current valuation category among its peers reporting about  55,214,742  of Current Valuation per Book Value Per Share. At this time, Northern Shield's Book Value Per Share is fairly stable compared to the past year. 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 Northern Shield's earnings, one of the primary drivers of an investment's value.

Northern Current Valuation vs. Book Value Per Share

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.

Northern Shield

Book Value per Share

 = 

Common Equity

Average Shares

 = 
0.06 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.
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.

Northern Shield

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
3.42 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.

Northern Current Valuation vs Competition

Northern Shield Resources is regarded fifth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is now estimated at about 4.64 Billion. Northern Shield adds roughly 3.42 Million in current valuation claiming only tiny portion of all equities under Materials industry.

Northern Shield Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Shield, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Shield will eventually generate negative long term returns. The profitability progress is the general direction of Northern Shield's change in net profit over the period of time. It can combine multiple indicators of Northern Shield, 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 Income4.7 M4.5 M
Operating Income-858 K-900.9 K
Net Loss-991.2 K-1 M
Income Tax Expense(4.00)(4.20)
Income Before Tax-991.2 K-1 M
Total Other Income Expense Net-133.3 K-126.6 K
Net Loss-991.2 K-1 M
Net Loss-268 K-281.4 K
Change To Netincome-231.4 K-219.9 K
Net Loss(0.01)(0.01)
Income Quality 0.54  0.59 
Net Income Per E B T 0.89  0.67 

Northern Profitability Driver Comparison

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

Use Northern Shield 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 Northern Shield 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 Northern Shield will appreciate offsetting losses from the drop in the long position's value.

Northern Shield Pair Trading

Northern Shield Resources Pair Trading Analysis

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

In addition to having Northern Shield 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 Consumer Goods Thematic Idea Now

Consumer Goods
Consumer Goods Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Consumer Goods theme has 61 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 Consumer Goods Theme or any other thematic opportunities.
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Additional Tools for Northern Stock Analysis

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