Novo Resources (TSX:NVO) FCF Yield % : -98.95 (As of Apr. 28, 2024)

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What is Novo Resources FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Novo Resources's Trailing 12-Month Free Cash Flow is C$-49.13 Mil, and Market Cap is C$49.65 Mil. Therefore, Novo Resources's FCF Yield % for today is -98.95%.

The historical rank and industry rank for Novo Resources's FCF Yield % or its related term are showing as below:

TSX:NVO' s FCF Yield % Range Over the Past 10 Years
Min: -305.63 Med: -61.1 Max: -4.09
Current: -98.95

During the past 13 years, the highest FCF Yield % of Novo Resources was -4.09%. The lowest was -305.63%. And the median was -61.10%.

TSX:NVO's FCF Yield % is ranked worse than
95.6% of 2706 companies
in the Metals & Mining industry
Industry Median: -13.38 vs TSX:NVO: -98.95

Novo Resources's FCF Margin % for the quarter that ended in Dec. 2023 was 0.00%.

Novo Resources FCF Yield % Historical Data

The historical data trend for Novo Resources's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Novo Resources FCF Yield % Chart

Novo Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Dec21

Dec22

Dec23

FCF Yield %

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-7.80

-4.34

-10.90

-68.90

-93.32

Novo Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
FCF Yield %	Get a 7-Day Free Trial															-112.44	-67.80	-69.46	-277.11	159.08

Competitive Comparison of Novo Resources's FCF Yield %

For the Gold subindustry, Novo Resources's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novo Resources's FCF Yield % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novo Resources's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Novo Resources's FCF Yield % falls into.

Novo Resources FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Novo Resources's FCF Yield % for the fiscal year that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	-49.126	/	52.64175
	=	-93.32%

Novo Resources's annualized FCF Yield % for the quarter that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	20.936	*	4	/	52.64175
	=	159.08%

Novo Resources FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Novo Resources FCF Yield % Related Terms

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Novo Resources (TSX:NVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novo Resources Corp (TSX:NVO) » Definitions » FCF Yield %

Comparable Companies

Traded in Other Exchanges

NSRPF:USA 1NO:Germany NVO:Australia

Address

1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.novoresources.com

Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.