Grid Battery Metals Stock Return On Equity
| CELL Stock | 0.04 0.01 16.67% |
Fundamental analysis of Grid Battery allows traders to better anticipate movements in Grid Battery's stock price by examining its financial health and performance throughout various phases of its business cycle.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.15) | (0.16) |
Grid | Return On Equity |
Grid Battery Metals Company Return On Equity Analysis
Grid Battery's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Grid Battery Return On Equity | -0.6 |
Most of Grid Battery's fundamental indicators, such as Return On Equity, 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, Grid Battery Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Grid Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Grid Battery is extremely important. It helps to project a fair market value of Grid Stock properly, considering its historical fundamentals such as Return On Equity. Since Grid Battery'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 Grid Battery'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 Grid Battery's interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Grid Shareholders Equity Per Share
Shareholders Equity Per Share |
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Based on the latest financial disclosure, Grid Battery Metals has a Return On Equity of -0.6021. This is 166.16% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on equity for all Canada stocks is 94.23% higher than that of the company.
Grid Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Grid Battery's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Grid Battery could also be used in its relative valuation, which is a method of valuing Grid Battery by comparing valuation metrics of similar companies.Grid Battery is currently under evaluation in return on equity category among its peers.
Grid Fundamentals
| Return On Equity | -0.6 | ||||
| Return On Asset | -0.36 | ||||
| Current Valuation | 5.6 M | ||||
| Shares Outstanding | 193.38 M | ||||
| Shares Owned By Insiders | 1.62 % | ||||
| Number Of Shares Shorted | 1.45 K | ||||
| Price To Book | 1.53 X | ||||
| EBITDA | (3.34 M) | ||||
| Book Value Per Share | 0.02 X | ||||
| Short Ratio | 0.01 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Target Price | 0.19 | ||||
| Beta | 1.58 | ||||
| Market Capitalization | 6.77 M |
About Grid Battery Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Grid Battery Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Grid Battery using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Grid Battery 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.
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Additional Tools for Grid Stock Analysis
When running Grid Battery's price analysis, check to measure Grid Battery'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 Grid Battery is operating at the current time. Most of Grid Battery's value examination focuses on studying past and present price action to predict the probability of Grid Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grid Battery's price. Additionally, you may evaluate how the addition of Grid Battery to your portfolios can decrease your overall portfolio volatility.