Cardinal Resources FCF yield
What is the FCF yield of Cardinal Resources?
The FCF yield of Cardinal Resources Limited is -11.93%
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 Cardinal Resources
What does Cardinal Resources do?
Cardinal Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Ghana. The company primarily explores for gold deposits. Its principal project is Namdini Gold project covering an area of 63 square kilometers located in the Bolgatanga region. Cardinal Resources Limited was incorporated in 2010 is based in West Perth, Australia.
Companies with fcf yield similar to Cardinal Resources
- Largo Resources has FCF yield of -11.97%
- Partner Jet has FCF yield of -11.97%
- Centaurus Metals has FCF yield of -11.96%
- Caravel Minerals has FCF yield of -11.96%
- Royal Nickel has FCF yield of -11.94%
- Australian Vintage Ltd has FCF yield of -11.94%
- Cardinal Resources has FCF yield of -11.93%
- Seneca Foods has FCF yield of -11.93%
- Solid Biosciences Inc has FCF yield of -11.93%
- Huntington Exploration has FCF yield of -11.92%
- Carr's plc has FCF yield of -11.91%
- Seadrill has FCF yield of -11.91%
- Zephyr Minerals has FCF yield of -11.91%