Canex Metals Stock Net Asset
| CANX Stock | CAD 0.15 0.01 6.25% |
Fundamental analysis of CANEX Metals allows traders to better anticipate movements in CANEX Metals' stock price by examining its financial health and performance throughout various phases of its business cycle.
CANEX | Net Asset |
CANEX Metals Company Net Asset Analysis
CANEX Metals' 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 CANEX Metals Net Asset | 5.97 M |
Most of CANEX Metals' 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, CANEX Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
CANEX Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for CANEX Metals is extremely important. It helps to project a fair market value of CANEX Stock properly, considering its historical fundamentals such as Net Asset. Since CANEX Metals' 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 CANEX Metals' 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 CANEX Metals' interrelated accounts and indicators.
Click cells to compare fundamentals
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.
| Competition |
CANEX Total Assets
Total Assets |
|
Based on the recorded statements, CANEX Metals has a Net Asset of 5.97 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 Canada stocks is notably lower than that of the firm.
CANEX Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CANEX Metals' 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 CANEX Metals could also be used in its relative valuation, which is a method of valuing CANEX Metals by comparing valuation metrics of similar companies.CANEX Metals is currently under evaluation in net asset category among its peers.
CANEX Fundamentals
| Return On Equity | -0.0548 | ||||
| Return On Asset | -0.0381 | ||||
| Current Valuation | 22.24 M | ||||
| Shares Outstanding | 146.95 M | ||||
| Shares Owned By Insiders | 6.48 % | ||||
| Shares Owned By Institutions | 2.14 % | ||||
| Number Of Shares Shorted | 81.13 K | ||||
| Price To Earning | 13.33 X | ||||
| Price To Book | 3.18 X | ||||
| EBITDA | (463.6 K) | ||||
| Net Income | (279.15 K) | ||||
| Cash And Equivalents | 480.92 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 96.15 K | ||||
| Current Ratio | 25.64 X | ||||
| Book Value Per Share | 0.05 X | ||||
| Cash Flow From Operations | (251.9 K) | ||||
| Short Ratio | 0.02 X | ||||
| Beta | 0.98 | ||||
| Market Capitalization | 22.04 M | ||||
| Total Asset | 5.97 M | ||||
| Retained Earnings | (17.85 M) | ||||
| Working Capital | 157.91 K | ||||
| Net Asset | 5.97 M |
About CANEX Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CANEX Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CANEX Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CANEX Metals 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.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for CANEX Stock Analysis
When running CANEX Metals' price analysis, check to measure CANEX Metals' 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 CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.