Nimy Resources Ltd EV/EBIT
What is the EV/EBIT of Nimy Resources Ltd?
The EV/EBIT of Nimy Resources Ltd is N/A
What is the definition of EV/EBIT?
Enterprise value to earnings before interest and taxes (EV/EBIT) is a financial ratio used to measure if a stock is priced appropriately to similar stocks and the market. It is similar to the P/E ratio.
ttm (trailing twelve months)
The EV/EBIT ratio addresses some of the shortcomings of the P/E ratio. Instead of taking market capitalization, the ratio uses enterprise value, as it takes into account the true value of the company. Enterprise value includes both equity and debt. It is calculated as:
Enterprise value = market cap + total debt – cash and cash equivalents
The EV/EBIT ratio is useful in comparing peers within the wider market. A high EV/EBIT ratio indicates that a company’s stock is overvalued. On the opposite, a low EV/EBIT ratio indicates that a company’s stock is undervalued. The lower the ratio, the more financially stable a company should be. However, investors and analyst should use other ratios and information to get a full picture of a company’s financial state and actual value.
EV/EBIT of companies in the Materials sector on ASX compared to Nimy Resources Ltd
What does Nimy Resources Ltd do?
Nimy Resources Limited, an exploration company, engages in discovering and developing an economic nickel-sulfide project in Australia. It holds a 100% interest in the MONS nickel project comprising 12 tenements that covers an area of approximately 1,761 square kilometers located within the Archean Murchison Domain of the Youanmi Terrane of the Yilgarn Craton. The company was incorporated in 2012 and is based in Perth, Australia.
Companies with ev/ebit similar to Nimy Resources Ltd
- Sintana has EV/EBIT of N/A
- ADC Therapeutics SA has EV/EBIT of N/A
- Serko has EV/EBIT of N/A
- Dorel Industries has EV/EBIT of N/A
- Invacare has EV/EBIT of N/A
- Studio City International has EV/EBIT of N/A
- Nimy Resources Ltd has EV/EBIT of N/A
- Nuix Ltd has EV/EBIT of N/A
- Goldstar Minerals has EV/EBIT of N/A
- Guardant Health Inc has EV/EBIT of N/A
- nLIGHT Inc has EV/EBIT of N/A
- Remark Inc has EV/EBIT of N/A
- 9 Capital has EV/EBIT of N/A