Lucara Diamond Financials
We recommend to make use of Lucara Diamond Corp fundamental analysis to find out if markets are presently mispricing the entity. Strictly speaking this technique allows you to check out available financial ratios of Lucara Diamond Corp as well as the relationship between them. We were able to break down thirty-four available fundamentals for Lucara Diamond, which can be compared to its peers in the industry.
Lucara |
Understanding current and past Lucara Diamond Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Lucara Diamond's financial statements are interrelated, with each one affecting the others. For example, an increase in Lucara Diamond's assets may result in an increase in income on the income statement.
The data published in Lucara Diamond's official financial statements usually reflect Lucara Diamond's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Lucara Diamond Corp. For example, before you start analyzing numbers published by Lucara accountants, it's critical to develop an understanding of what Lucara Diamond's liquidity, profitability, and earnings quality are in the context of the Basic Materials space in which it operates.
Please note, the presentation of Lucara Diamond's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Lucara Diamond's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Lucara Diamond's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Lucara Diamond Corp. Please utilize our Beneish M Score to check the likelihood of Lucara Diamond's management manipulating its earnings.
Lucara Diamond Stock Summary
Lucara Diamond competes with Africa Oil, Lundin Gold, Lundin Mining, and Inwido AB. Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. Lucara Diamond Corp. was incorporated in 1981 and is headquartered in Vancouver, Canada. Lucara Diamond operates under Industrial Metals Minerals classification in Sweden and is traded on Stockholm Stock Exchange. It employs 285 people.| Foreign Associates | |
| Instrument | Sweden Stock View All |
| Exchange | Stockholm Exchange |
| ISIN | CA54928Q1081 |
| Business Address | 1250 Homer Street, |
| Sector | Basic Materials |
| Industry | Industrial Metals & Minerals |
| Benchmark | NYSE Composite |
| Website | lucaradiamond.com |
| Phone | 604 674 0272 |
| Currency | SEK - Swedish Kronor |
You should never invest in Lucara Diamond without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Lucara Stock, because this is throwing your money away. Analyzing the key information contained in Lucara Diamond's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Lucara Diamond Key Financial Ratios
Generally speaking, Lucara Diamond's financial ratios allow both analysts and investors to convert raw data from Lucara Diamond's financial statements into concise, actionable information that can be used to evaluate the performance of Lucara Diamond over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Lucara Diamond Corp reports annually and quarterly.Lucara Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Lucara Diamond's current stock value. Our valuation model uses many indicators to compare Lucara Diamond value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Lucara Diamond competition to find correlations between indicators driving Lucara Diamond's intrinsic value. More Info.Lucara Diamond Corp is currently regarded as number one stock in return on equity category among related companies. It is currently regarded as number one stock in return on asset category among related companies reporting about 0.64 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Lucara Diamond Corp is roughly 1.56 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Lucara Diamond by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Lucara Diamond's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Lucara Diamond's earnings, one of the primary drivers of an investment's value.About Lucara Diamond Financials
What exactly are Lucara Diamond Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Lucara Diamond's income statement, its balance sheet, and the statement of cash flows. Potential Lucara Diamond investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Lucara Diamond investors may use each financial statement separately, they are all related. The changes in Lucara Diamond's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Lucara Diamond's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze Lucara Diamond Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Lucara Diamond is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Lucara has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Lucara Diamond's financials are consistent with your investment objective using the following steps:- Review Lucara Diamond's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Lucara Diamond's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Lucara Diamond's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Lucara Diamond's stock is overvalued or undervalued.
Lucara Diamond April 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Lucara Diamond help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Lucara Diamond Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Lucara Diamond Corp based on widely used predictive technical indicators. In general, we focus on analyzing Lucara Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Lucara Diamond's daily price indicators and compare them against related drivers.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 2.67 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lucara Diamond 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. Note that the Lucara Diamond Corp information on this page should be used as a complementary analysis to other Lucara Diamond's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Lucara Stock analysis
When running Lucara Diamond's price analysis, check to measure Lucara Diamond'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 Lucara Diamond is operating at the current time. Most of Lucara Diamond's value examination focuses on studying past and present price action to predict the probability of Lucara Diamond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucara Diamond's price. Additionally, you may evaluate how the addition of Lucara Diamond to your portfolios can decrease your overall portfolio volatility.
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