Emx Royalty Corp Stock Price To Book
| EMX Stock | CAD 2.47 0.05 1.98% |
EMX Royalty Corp fundamentals help investors to digest information that contributes to EMX Royalty's financial success or failures. It also enables traders to predict the movement of EMX Stock. The fundamental analysis module provides a way to measure EMX Royalty's 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 EMX Royalty stock.
Price To Book Ratio is likely to drop to 1.42 in 2024. EMX | Price To Book |
EMX Royalty Corp Company Price To Book Analysis
EMX Royalty's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current EMX Royalty Price To Book | 1.82 X |
Most of EMX Royalty's fundamental indicators, such as Price To Book, 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, EMX Royalty Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
EMX Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for EMX Royalty is extremely important. It helps to project a fair market value of EMX Stock properly, considering its historical fundamentals such as Price To Book. Since EMX Royalty's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of EMX Royalty's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of EMX Royalty's interrelated accounts and indicators.
Click cells to compare fundamentals
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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EMX Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, EMX Royalty Corp has a Price To Book of 1.818 times. This is 85.07% lower than that of the Metals & Mining sector and 50.6% lower than that of the Materials industry. The price to book for all Canada stocks is 80.88% higher than that of the company.
EMX Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EMX Royalty's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of EMX Royalty could also be used in its relative valuation, which is a method of valuing EMX Royalty by comparing valuation metrics of similar companies.EMX Royalty is currently under evaluation in price to book category among related companies.
EMX Royalty Current Valuation Drivers
We derive many important indicators used in calculating different scores of EMX Royalty from analyzing EMX Royalty's financial statements. These drivers represent accounts that assess EMX Royalty's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of EMX Royalty's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 175.9M | 360.7M | 249.6M | 200.6M | 236.8M | 248.6M | |
| Enterprise Value | 123.1M | 319.6M | 280.3M | 225.6M | 252.7M | 265.3M |
EMX Fundamentals
| Return On Equity | -0.038 | |||
| Return On Asset | 0.0113 | |||
| Profit Margin | (0.17) % | |||
| Operating Margin | 0.21 % | |||
| Current Valuation | 288.35 M | |||
| Shares Outstanding | 112.19 M | |||
| Shares Owned By Insiders | 19.65 % | |||
| Shares Owned By Institutions | 15.66 % | |||
| Number Of Shares Shorted | 88.69 K | |||
| Price To Earning | 2.47 X | |||
| Price To Book | 1.82 X | |||
| Price To Sales | 11.26 X | |||
| Revenue | 27.38 M | |||
| Gross Profit | 9.34 M | |||
| EBITDA | 2.47 M | |||
| Net Income | (6.25 M) | |||
| Cash And Equivalents | 80.94 M | |||
| Cash Per Share | 0.99 X | |||
| Total Debt | 43.19 M | |||
| Debt To Equity | 86.30 % | |||
| Current Ratio | 26.29 X | |||
| Book Value Per Share | 1.07 X | |||
| Cash Flow From Operations | 19.63 M | |||
| Short Ratio | 2.06 X | |||
| Earnings Per Share | (0.05) X | |||
| Target Price | 7.88 | |||
| Number Of Employees | 46 | |||
| Beta | 0.8 | |||
| Market Capitalization | 282.71 M | |||
| Total Asset | 209.09 M | |||
| Retained Earnings | (77.93 M) | |||
| Working Capital | (2.27 M) | |||
| Net Asset | 209.09 M |
About EMX Royalty Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EMX Royalty Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EMX Royalty using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EMX Royalty Corp 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EMX Royalty in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EMX Royalty's short interest history, or implied volatility extrapolated from EMX Royalty options trading.
Pair Trading with EMX Royalty
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 EMX Royalty 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 EMX Royalty will appreciate offsetting losses from the drop in the long position's value.Moving together with EMX Stock
| 0.65 | FEC | Frontera Energy Corp | PairCorr |
Moving against EMX Stock
| 0.84 | SGR-U | Slate Grocery REIT Earnings Call Tomorrow | PairCorr |
| 0.78 | TC | Tucows Inc | PairCorr |
The ability to find closely correlated positions to EMX Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMX Royalty 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 EMX Royalty - 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 EMX Royalty Corp to buy it.
The correlation of EMX Royalty 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 EMX Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMX Royalty 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 EMX Royalty 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMX Royalty Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for EMX Stock analysis
When running EMX Royalty's price analysis, check to measure EMX Royalty'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 EMX Royalty is operating at the current time. Most of EMX Royalty's value examination focuses on studying past and present price action to predict the probability of EMX Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMX Royalty's price. Additionally, you may evaluate how the addition of EMX Royalty to your portfolios can decrease your overall portfolio volatility.
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