Astronics Net Income vs Free Cash Flow Analysis

ATRO Stock

USD 16.31 0.17 1.03%

Astronics financial indicator trend analysis is way more than just evaluating Astronics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astronics is a good investment. Please check the relationship between Astronics Net Income and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astronics Net Income account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Astronics' Net Income and Free Cash Flow is 0.57. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Astronics, assuming nothing else is changed. The correlation between historical values of Astronics' Net Income and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Astronics are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Astronics' Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Astronics financial statement analysis. It represents the amount of money remaining after all of Astronics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Astronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astronics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.As of the 12th of December 2024, Selling General Administrative is likely to grow to about 126 M. Also, Tax Provision is likely to grow to about 7.8 M

	2021	2022	2023	2024 (projected)
Interest Expense	6.8M	9.4M	23.3M	24.5M
Depreciation And Amortization	34.2M	27.8M	26.1M	27.4M

Interest Expense Depreciation And Amortization

Astronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.93	0.88	0.88	0.95	0.93	0.92	0.84	0.31	0.85	0.62	0.31	0.88	0.36	0.96	0.86	0.02	0.96	0.65	0.93	0.02	0.58	0.75	0.84	0.83	0.66
Short Long Term Debt Total	0.93		0.76	0.81	0.81	0.86	0.98	0.67	0.37	0.79	0.41	0.37	0.79	0.33	0.97	0.79	0.13	0.95	0.57	0.85	0.11	0.48	0.72	0.73	0.69	0.52
Other Current Liab	0.88	0.76		0.94	0.78	0.76	0.76	0.71	0.18	0.64	0.59	0.18	0.87	0.26	0.83	0.92	-0.1	0.89	0.83	0.94	0.17	0.64	0.86	0.88	0.87	0.73
Total Current Liabilities	0.88	0.81	0.94		0.73	0.81	0.83	0.55	0.09	0.55	0.4	0.09	0.92	0.29	0.84	0.95	0.15	0.93	0.89	0.96	0.37	0.62	0.93	0.9	0.77	0.7
Total Stockholder Equity	0.95	0.81	0.78	0.73		0.91	0.8	0.92	0.25	0.89	0.68	0.25	0.81	0.38	0.83	0.71	-0.02	0.83	0.48	0.81	-0.2	0.48	0.58	0.74	0.8	0.54
Property Plant And Equipment Net	0.93	0.86	0.76	0.81	0.91		0.87	0.75	0.16	0.81	0.43	0.16	0.8	0.39	0.86	0.8	0.24	0.88	0.6	0.84	-0.01	0.56	0.65	0.77	0.73	0.57
Net Debt	0.92	0.98	0.76	0.83	0.8	0.87		0.63	0.18	0.74	0.34	0.18	0.85	0.26	0.93	0.81	0.22	0.93	0.62	0.86	0.13	0.45	0.79	0.76	0.67	0.48
Retained Earnings	0.84	0.67	0.71	0.55	0.92	0.75	0.63		0.38	0.91	0.82	0.38	0.62	0.36	0.74	0.57	-0.33	0.7	0.32	0.67	-0.39	0.47	0.39	0.61	0.85	0.52
Cash	0.31	0.37	0.18	0.09	0.25	0.16	0.18	0.38		0.49	0.41	1.0	-0.08	0.42	0.44	0.08	-0.31	0.34	-0.12	0.14	-0.06	0.2	-0.13	0.02	0.22	0.25
Non Current Assets Total	0.85	0.79	0.64	0.55	0.89	0.81	0.74	0.91	0.49		0.63	0.49	0.56	0.49	0.81	0.51	-0.05	0.75	0.22	0.61	-0.36	0.36	0.36	0.48	0.72	0.35
Non Currrent Assets Other	0.62	0.41	0.59	0.4	0.68	0.43	0.34	0.82	0.41	0.63		0.41	0.46	0.08	0.56	0.45	-0.65	0.52	0.26	0.52	-0.36	0.36	0.27	0.52	0.66	0.59
Cash And Short Term Investments	0.31	0.37	0.18	0.09	0.25	0.16	0.18	0.38	1.0	0.49	0.41		-0.08	0.42	0.44	0.08	-0.31	0.34	-0.12	0.14	-0.06	0.2	-0.13	0.02	0.22	0.25
Net Receivables	0.88	0.79	0.87	0.92	0.81	0.8	0.85	0.62	-0.08	0.56	0.46	-0.08		0.17	0.79	0.9	0.12	0.86	0.8	0.95	0.25	0.48	0.93	0.92	0.77	0.63
Common Stock Shares Outstanding	0.36	0.33	0.26	0.29	0.38	0.39	0.26	0.36	0.42	0.49	0.08	0.42	0.17		0.31	0.18	0.24	0.31	0.04	0.23	0.22	0.08	0.1	0.06	0.24	0.04
Non Current Liabilities Total	0.96	0.97	0.83	0.84	0.83	0.86	0.93	0.74	0.44	0.81	0.56	0.44	0.79	0.31		0.85	-0.02	0.98	0.63	0.89	0.1	0.57	0.72	0.79	0.77	0.66
Inventory	0.86	0.79	0.92	0.95	0.71	0.8	0.81	0.57	0.08	0.51	0.45	0.08	0.9	0.18	0.85		0.01	0.91	0.92	0.98	0.37	0.68	0.91	0.97	0.82	0.84
Other Stockholder Equity	0.02	0.13	-0.1	0.15	-0.02	0.24	0.22	-0.33	-0.31	-0.05	-0.65	-0.31	0.12	0.24	-0.02	0.01		0.04	0.08	0.0	0.34	-0.23	0.17	-0.06	-0.27	-0.35
Total Liab	0.96	0.95	0.89	0.93	0.83	0.88	0.93	0.7	0.34	0.75	0.52	0.34	0.86	0.31	0.98	0.91	0.04		0.74	0.95	0.19	0.61	0.82	0.86	0.8	0.7
Property Plant And Equipment Gross	0.65	0.57	0.83	0.89	0.48	0.6	0.62	0.32	-0.12	0.22	0.26	-0.12	0.8	0.04	0.63	0.92	0.08	0.74		0.86	0.52	0.71	0.88	0.89	0.68	0.79
Total Current Assets	0.93	0.85	0.94	0.96	0.81	0.84	0.86	0.67	0.14	0.61	0.52	0.14	0.95	0.23	0.89	0.98	0.0	0.95	0.86		0.29	0.66	0.91	0.96	0.85	0.79
Short Term Debt	0.02	0.11	0.17	0.37	-0.2	-0.01	0.13	-0.39	-0.06	-0.36	-0.36	-0.06	0.25	0.22	0.1	0.37	0.34	0.19	0.52	0.29		0.12	0.46	0.3	-0.02	0.3
Other Current Assets	0.58	0.48	0.64	0.62	0.48	0.56	0.45	0.47	0.2	0.36	0.36	0.2	0.48	0.08	0.57	0.68	-0.23	0.61	0.71	0.66	0.12		0.45	0.68	0.66	0.78
Accounts Payable	0.75	0.72	0.86	0.93	0.58	0.65	0.79	0.39	-0.13	0.36	0.27	-0.13	0.93	0.1	0.72	0.91	0.17	0.82	0.88	0.91	0.46	0.45		0.88	0.68	0.61
Common Stock Total Equity	0.84	0.73	0.88	0.9	0.74	0.77	0.76	0.61	0.02	0.48	0.52	0.02	0.92	0.06	0.79	0.97	-0.06	0.86	0.89	0.96	0.3	0.68	0.88		0.84	0.86
Common Stock	0.83	0.69	0.87	0.77	0.8	0.73	0.67	0.85	0.22	0.72	0.66	0.22	0.77	0.24	0.77	0.82	-0.27	0.8	0.68	0.85	-0.02	0.66	0.68	0.84		0.76
Other Liab	0.66	0.52	0.73	0.7	0.54	0.57	0.48	0.52	0.25	0.35	0.59	0.25	0.63	0.04	0.66	0.84	-0.35	0.7	0.79	0.79	0.3	0.78	0.61	0.86	0.76

Click cells to compare fundamentals

Astronics Account Relationship Matchups

Astronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	782.7M	619.7M	609.1M	615.0M	633.8M	665.5M
Short Long Term Debt Total	188.2M	178.0M	169.8M	164M	197.9M	207.8M
Other Current Liab	48.7M	37.7M	49.6M	63.4M	43.1M	45.2M
Total Current Liabilities	116.1M	93.7M	118.6M	151.6M	143.3M	150.5M
Total Stockholder Equity	388.9M	270.4M	256.6M	239.9M	249.5M	262.0M
Property Plant And Equipment Net	112.5M	106.7M	95.2M	90.7M	113.3M	119.0M
Net Debt	156.3M	132.6M	133.2M	150.2M	192.9M	202.6M
Retained Earnings	428.6M	312.8M	287.2M	240.4M	209.8M	108.2M
Cash	31.9M	40.4M	29.8M	13.8M	4.8M	4.5M
Non Current Assets Total	439.6M	302.8M	269.3M	249.7M	244.0M	127.0M
Non Currrent Assets Other	54.9M	28.0M	21.4M	19.8M	7.0M	8.8M
Cash And Short Term Investments	31.9M	40.4M	29.8M	13.8M	4.8M	4.5M
Net Receivables	148.0M	93.1M	107.4M	147.8M	172.1M	180.7M
Common Stock Shares Outstanding	32.5M	30.8M	31.1M	32.2M	33.1M	25.1M
Liabilities And Stockholders Equity	782.7M	619.7M	609.1M	615.0M	633.8M	665.5M
Non Current Liabilities Total	277.7M	255.6M	233.9M	223.5M	240.9M	253.0M
Inventory	145.8M	157.1M	157.6M	188.0M	191.8M	201.4M
Other Stockholder Equity	(24.4M)	(26.3M)	(16.5M)	8.7M	48.8M	51.3M
Total Liab	393.9M	349.4M	352.5M	375.1M	384.3M	403.5M
Property Plant And Equipment Gross	136.1M	125.6M	237.2M	241.3M	254.6M	267.3M
Total Current Assets	343.1M	316.9M	339.9M	365.3M	389.8M	409.3M
Accumulated Other Comprehensive Income	(15.6M)	(16.5M)	(14.5M)	(9.5M)	(9.4M)	(9.9M)
Short Term Debt	224K	5.0M	6.8M	8.9M	14.1M	14.8M
Other Current Assets	15.9M	26.4M	45.1M	15.7M	21.1M	22.2M
Accounts Payable	35.8M	26.4M	34.9M	64.2M	61.1M	64.2M
Common Stock Total Equity	345K	347K	353K	354K	407.1K	427.5K
Common Stock	345K	347K	353K	354K	373K	208.8K
Other Liab	61.3M	82.6M	70.9M	54.0M	62.1M	65.2M
Other Assets	28.8M	28.0M	96.3M	37.4M	43.0M	45.1M
Long Term Debt	188M	173M	163M	159.5M	159.2M	103.7M
Good Will	125.0M	145.0M	58.3M	58.2M	58.2M	52.1M
Intangible Assets	127.3M	109.9M	94.3M	79.3M	65.4M	56.4M
Property Plant Equipment	112.5M	106.7M	95.2M	90.7M	104.3M	69.9M
Current Deferred Revenue	31.4M	24.6M	27.4M	32.6M	22.0M	18.7M
Net Tangible Assets	116.6M	102.2M	104.0M	102.5M	117.8M	87.8M
Retained Earnings Total Equity	428.6M	312.8M	287.2M	240.4M	276.4M	252.5M
Long Term Debt Total	188M	173M	163M	159.5M	183.4M	188.5M
Capital Surpluse	76.3M	82.2M	92.0M	98.6M	113.4M	74.0M
Deferred Long Term Liab	3.9M	2.9M	1.4M	1.9M	1.7M	1.6M

Pair Trading with Astronics

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astronics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astronics will appreciate offsetting losses from the drop in the long position's value.

Moving together with Astronics Stock

0.66

General Dynamics Fiscal Year End 22nd of January 2025

Pair Corr

Moving against Astronics Stock

0.87	AZ	A2Z Smart Technologies	Pair Corr
0.85	ESLT	Elbit Systems	Pair Corr
0.81	VSEC	VSE Corporation	Pair Corr
0.81	CAE	CAE Inc	Pair Corr
0.8	PL	Planet Labs PBC	Pair Corr

The ability to find closely correlated positions to Astronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astronics to buy it.

The correlation of Astronics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Astronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Astronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Astronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Astronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Astronics Stock:

How To Invest In Astronics

Details

Is Astronics Stock a good investment?

Details

What is Astronics' Net Worth?

Details

Largest Aerospace & Defense Companies

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Largest Industrials Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.

You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astronics. If investors know Astronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.93)

Earnings Share

(0.16)

Revenue Per Share

22.48

Quarterly Revenue Growth

0.25

Return On Assets

0.0218

The market value of Astronics is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astronics' market value can be influenced by many factors that don't directly affect Astronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Astronics Net Income vs Free Cash Flow Analysis

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Net Income

Free Cash Flow

Astronics fundamental ratios Correlations

Astronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Astronics fundamental ratios Accounts

Pair Trading with Astronics

Moving together with Astronics Stock

Moving against Astronics Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.98	Non Current Liabilities Total
Total Current Assets	+ 0.98	Inventory
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total
Common Stock Total Equity	+ 0.97	Inventory

Other Stockholder Equity	- 0.65	Non Currrent Assets Other
Short Term Debt	- 0.39	Retained Earnings
Short Term Debt	- 0.36	Non Currrent Assets Other
Short Term Debt	- 0.36	Non Current Assets Total
Other Liab	- 0.35	Other Stockholder Equity
Other Stockholder Equity	- 0.33	Retained Earnings