Ecora Resources Plc Stock Net Asset
| ECOR Stock | 1.37 0.03 2.24% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Ecora Resources' long-term financial health and intrinsic value.
Ecora | Net Asset |
Ecora Resources plc Company Net Asset Analysis
Ecora Resources' 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 Ecora Resources Net Asset | 553.97 M |
Most of Ecora Resources' 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, Ecora Resources plc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ecora Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Ecora Resources is extremely important. It helps to project a fair market value of Ecora Stock properly, considering its historical fundamentals such as Net Asset. Since Ecora Resources' 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 Ecora Resources' 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 Ecora Resources' 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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Ecora Total Assets
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Based on the recorded statements, Ecora Resources plc has a Net Asset of 553.97 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.
Ecora Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ecora Resources' 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 Ecora Resources could also be used in its relative valuation, which is a method of valuing Ecora Resources by comparing valuation metrics of similar companies.Ecora Resources is currently under evaluation in net asset category among its peers.
Ecora Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ecora Resources from analyzing Ecora Resources' financial statements. These drivers represent accounts that assess Ecora Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ecora Resources' important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 314.8M | 379.2M | 426.0M | 324.0M | 202.1M | 377.2M | |
| Enterprise Value | 339.9M | 446.3M | 456.9M | 401.9M | 287.5M | 302.0M |
Ecora Fundamentals
| Return On Equity | -0.0214 | ||||
| Return On Asset | 0.0415 | ||||
| Profit Margin | (0.16) % | ||||
| Operating Margin | (0.08) % | ||||
| Current Valuation | 452.29 M | ||||
| Shares Outstanding | 248.6 M | ||||
| Shares Owned By Insiders | 22.19 % | ||||
| Shares Owned By Institutions | 33.78 % | ||||
| Number Of Shares Shorted | 23.42 K | ||||
| Price To Book | 0.56 X | ||||
| Price To Sales | 5.63 X | ||||
| Revenue | 59.61 M | ||||
| Gross Profit | 47.38 M | ||||
| EBITDA | 47.55 M | ||||
| Net Income | (9.83 M) | ||||
| Total Debt | 119.33 M | ||||
| Book Value Per Share | 1.75 X | ||||
| Cash Flow From Operations | 29.59 M | ||||
| Short Ratio | 6.23 X | ||||
| Earnings Per Share | (0.05) X | ||||
| Target Price | 2.73 | ||||
| Number Of Employees | 12 | ||||
| Beta | 0.3 | ||||
| Market Capitalization | 335.82 M | ||||
| Total Asset | 553.97 M | ||||
| Retained Earnings | 174.63 M | ||||
| Working Capital | 15.92 M | ||||
| Annual Yield | 0.03 % | ||||
| Net Asset | 553.97 M | ||||
| Last Dividend Paid | 0.028 |
About Ecora Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ecora Resources plc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ecora Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ecora Resources plc 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.
Pair Trading with Ecora Resources
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 Ecora Resources 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 Ecora Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Ecora Stock
| 0.85 | AG | First Majestic Silver | PairCorr |
| 0.83 | IE | Ivanhoe Energy | PairCorr |
| 0.71 | FDY | Faraday Copper Corp | PairCorr |
Moving against Ecora Stock
| 0.85 | HFPC-U | Helios Fairfax Partners | PairCorr |
| 0.76 | FDR | Flinders Resources | PairCorr |
| 0.54 | GPCC-P | Green Panda Capital | PairCorr |
The ability to find closely correlated positions to Ecora Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecora Resources 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 Ecora Resources - 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 Ecora Resources plc to buy it.
The correlation of Ecora Resources 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 Ecora Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecora Resources plc 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 Ecora Resources 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.Other Information on Investing in Ecora Stock
Ecora Resources financial ratios help investors to determine whether Ecora Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ecora with respect to the benefits of owning Ecora Resources security.