Akora Resources Ltd FCF yield
What is the FCF yield of Akora Resources Ltd?
The FCF yield of Akora Resources Ltd is -30.72%
What is the definition of FCF yield?
Free cash flow yield (FCF yield) is a financial ratio that compares the free cash flow per share to the market value per share. The ratio is calculated by dividing free cash flow per share by the current share price.
ttm (trailing twelve months)
Free cash flow yield is a good measure of the company’s cash flow in respect to the company’s size. Larger companies tend to have a higher cash flow yield, but it’s not always the case. The higher the free cash flow yield, the more cash the company is generating that can be quickly accessed to satisfy its obligations. The lower the free cash flow yield, the more money investors are putting into the company with little result. The higher the ratio, the more attractive the investment is as it suggests that investors are paying less for each unit of free cash flow.
Free cash flow acts as an indicator of how capable a company is of repaying all of its obligations. It is a solid indicator of how financially stable a company is. It is calculated as:
Free cash flow yield = Free cash flow per share / market price per share
FCF yield of companies in the Materials sector on ASX compared to Akora Resources Ltd
What does Akora Resources Ltd do?
Akora Resources Limited engages in the exploration and development of iron ore projects in Madagascar. Its flagship project is the Bekisopa property that consists of three granted research permits and one granted small scale mining permit covering 93.5 square kilometers located in south central Madagascar. The company was formerly known as Indian Pacific Resources Limited. Akora Resources Limited was incorporated in 2009 and is based in Carlton North, Australia.
Companies with fcf yield similar to Akora Resources Ltd
- Electra Battery Materials Corp has FCF yield of -30.85%
- Midpoint has FCF yield of -30.84%
- BeMetals has FCF yield of -30.84%
- iCetana has FCF yield of -30.84%
- Idorsia Ltd has FCF yield of -30.82%
- Canopy Growth has FCF yield of -30.80%
- Akora Resources Ltd has FCF yield of -30.72%
- Yunfeng has FCF yield of -30.72%
- Clearside Biomedical Inc has FCF yield of -30.71%
- SEM Ltd has FCF yield of -30.71%
- Pressure BioSciences has FCF yield of -30.70%
- Ardiden has FCF yield of -30.67%
- Nkarta has FCF yield of -30.66%