Canoo Holdings Stock Net Asset
| GOEVW Stock | USD 0.07 0 5.10% |
Canoo Holdings fundamentals help investors to digest information that contributes to Canoo Holdings' financial success or failures. It also enables traders to predict the movement of Canoo Stock. The fundamental analysis module provides a way to measure Canoo Holdings' 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 Canoo Holdings stock.
Canoo | Net Asset |
Canoo Holdings Company Net Asset Analysis
Canoo Holdings' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Canoo Holdings Net Asset | 542 M |
Most of Canoo Holdings' fundamental indicators, such as Net Asset, 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, Canoo Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Canoo Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Canoo Holdings is extremely important. It helps to project a fair market value of Canoo Stock properly, considering its historical fundamentals such as Net Asset. Since Canoo Holdings' 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 Canoo Holdings' 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 Canoo Holdings' interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Canoo Total Assets
Total Assets |
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Based on the recorded statements, Canoo Holdings has a Net Asset of 542 M. This is much higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The net asset for all United States stocks is notably lower than that of the firm.
Canoo Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canoo Holdings' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canoo Holdings could also be used in its relative valuation, which is a method of valuing Canoo Holdings by comparing valuation metrics of similar companies.Canoo Holdings is currently under evaluation in net asset category among related companies.
Canoo Fundamentals
| Return On Equity | -1.48 | ||||
| Return On Asset | -0.3 | ||||
| Operating Margin | (280.97) % | ||||
| Number Of Shares Shorted | 11.67 K | ||||
| Revenue | 886 K | ||||
| EBITDA | (253.98 M) | ||||
| Net Income | (302.02 M) | ||||
| Cash And Equivalents | 148.84 M | ||||
| Cash Per Share | 5.71 X | ||||
| Total Debt | 89.99 M | ||||
| Debt To Equity | 0.13 % | ||||
| Current Ratio | 10.22 X | ||||
| Book Value Per Share | 3.50 X | ||||
| Cash Flow From Operations | (251.13 M) | ||||
| Number Of Employees | 651 | ||||
| Beta | 1.26 | ||||
| Market Capitalization | 2.25 B | ||||
| Total Asset | 542 M | ||||
| Retained Earnings | (1.48 B) | ||||
| Working Capital | (165.96 M) | ||||
| Net Asset | 542 M |
About Canoo Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canoo Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canoo Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canoo Holdings 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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Canoo Holdings is a strong investment it is important to analyze Canoo Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Canoo Holdings' future performance. For an informed investment choice regarding Canoo Stock, refer to the following important reports:Check out Canoo Holdings Piotroski F Score and Canoo Holdings Altman Z Score analysis. For more information on how to buy Canoo Stock please use our How to Invest in Canoo Holdings guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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When running Canoo Holdings' price analysis, check to measure Canoo Holdings' 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 Canoo Holdings is operating at the current time. Most of Canoo Holdings' value examination focuses on studying past and present price action to predict the probability of Canoo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo Holdings' price. Additionally, you may evaluate how the addition of Canoo Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Canoo Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canoo Holdings. If investors know Canoo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canoo Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.027 | Return On Assets (0.30) | Return On Equity (1.48) |
The market value of Canoo Holdings is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo Holdings' value that differs from its market value or its book value, called intrinsic value, which is Canoo Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canoo Holdings' market value can be influenced by many factors that don't directly affect Canoo Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canoo Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo Holdings' 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.