Altius Minerals Stock Net Income
ALS Stock | CAD 20.55 0.08 0.39% |
Altius Minerals fundamentals help investors to digest information that contributes to Altius Minerals' financial success or failures. It also enables traders to predict the movement of Altius Stock. The fundamental analysis module provides a way to measure Altius Minerals' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Altius Minerals stock.
As of the 29th of March 2024, Net Income is likely to grow to about 10 M. Also, Net Income From Continuing Ops is likely to grow to about 10.6 M. Altius | Net Income |
Altius Net Income Analysis
Altius Minerals' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
More About Net Income | All Equity Analysis
Altius Minerals Net Income |
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Net Income | = | (Rev + Gain) | - | (Exp + Loss) |
Current Altius Minerals Net Income | 9.54 M |
Most of Altius Minerals' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Altius Minerals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition |
Altius Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Altius Minerals reported net income of 9.54 M. This is 179.25% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The net income for all Canada stocks is 98.33% higher than that of the company.
Altius Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Altius Minerals' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Altius Minerals could also be used in its relative valuation, which is a method of valuing Altius Minerals by comparing valuation metrics of similar companies.Altius Minerals is currently under evaluation in net income category among related companies.
Altius Fundamentals
Return On Equity | 0.0166 | |||
Return On Asset | 0.0246 | |||
Profit Margin | 0.14 % | |||
Operating Margin | 0.45 % | |||
Current Valuation | 939.96 M | |||
Shares Outstanding | 46.81 M | |||
Shares Owned By Insiders | 18.75 % | |||
Shares Owned By Institutions | 24.68 % | |||
Number Of Shares Shorted | 861.32 K | |||
Price To Earning | 24.03 X | |||
Price To Book | 1.96 X | |||
Price To Sales | 13.90 X | |||
Revenue | 68.71 M | |||
Gross Profit | 96.17 M | |||
EBITDA | 47.13 M | |||
Net Income | 9.54 M | |||
Cash And Equivalents | 82.39 M | |||
Cash Per Share | 2.25 X | |||
Total Debt | 120.87 M | |||
Debt To Equity | 0.22 % | |||
Current Ratio | 8.46 X | |||
Book Value Per Share | 10.38 X | |||
Cash Flow From Operations | 36.51 M | |||
Short Ratio | 8.03 X | |||
Earnings Per Share | 0.20 X | |||
Target Price | 23.47 | |||
Number Of Employees | 19 | |||
Beta | 0.93 | |||
Market Capitalization | 958.21 M | |||
Total Asset | 773.54 M | |||
Retained Earnings | 13.32 M | |||
Working Capital | 131.84 M | |||
Current Asset | 26.67 M | |||
Current Liabilities | 9.98 M | |||
Z Score | 5.27 | |||
Annual Yield | 0.02 % | |||
Five Year Return | 1.42 % | |||
Net Asset | 773.54 M | |||
Last Dividend Paid | 0.32 |
About Altius Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Altius Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altius Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altius Minerals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Last Reported | Projected for 2024 | ||
Net Income | 9.5 M | 10 M | |
Net Income From Continuing Ops | 10.1 M | 10.6 M | |
Net Income Applicable To Common Shares | 43.1 M | 45.3 M | |
Net Income Per E B T | 0.65 | 0.68 |
Pair Trading with Altius Minerals
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 Altius 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 Altius Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Altius Stock
0.86 | WRN | Western Copper And | PairCorr |
Moving against Altius Stock
0.66 | LUC | Lucara Diamond Corp | PairCorr |
0.64 | FLOW | Flow Beverage Corp | PairCorr |
0.46 | CHE-UN | Chemtrade Logistics | PairCorr |
The ability to find closely correlated positions to Altius 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 Altius 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 Altius 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 Altius Minerals to buy it.
The correlation of Altius 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 Altius Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altius 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 Altius 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.Check out Altius Minerals Piotroski F Score and Altius Minerals Altman Z Score analysis. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running Altius Minerals' price analysis, check to measure Altius Minerals' 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 Altius Minerals is operating at the current time. Most of Altius Minerals' value examination focuses on studying past and present price action to predict the probability of Altius Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altius Minerals' price. Additionally, you may evaluate how the addition of Altius Minerals to your portfolios can decrease your overall portfolio volatility.
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