Cango Pb Ratio vs Free Cash Flow Yield Analysis

CANG Stock  USD 4.58  0.03  0.66%   
Cango financial indicator trend analysis is way more than just evaluating Cango Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cango Inc is a good investment. Please check the relationship between Cango Pb Ratio and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Pb Ratio vs Free Cash Flow Yield

Pb Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cango Inc Pb Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have very week relationship.
The correlation between Cango's Pb Ratio and Free Cash Flow Yield is 0.22. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Cango Inc, assuming nothing else is changed. The correlation between historical values of Cango's Pb Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Cango Inc are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Pb Ratio i.e., Cango's Pb Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Pb Ratio

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Cango's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cango Inc 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 Cango Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Cango's Selling General Administrative is most likely to increase significantly in the upcoming years. The Cango's current Sales General And Administrative To Revenue is estimated to increase to 0.1, while Tax Provision is projected to decrease to roughly 183.4 M.
 2021 2022 2023 2024 (projected)
Net Interest Income35.9M26.9M66.4M45.5M
Tax Provision20.9M236.7M361.9M183.4M

Cango fundamental ratios Correlations

0.820.820.90.980.510.970.380.610.20.990.280.760.910.820.990.60.980.940.88-0.150.810.73-0.860.890.36
0.820.570.890.760.560.740.060.320.460.82-0.040.710.970.760.810.780.80.930.620.40.70.51-0.540.56-0.07
0.820.570.860.790.230.780.630.920.340.80.350.390.680.560.760.290.750.820.73-0.260.750.5-0.750.740.41
0.90.890.860.870.350.850.410.690.420.890.220.650.930.780.870.530.820.970.780.080.740.58-0.740.740.23
0.980.760.790.870.421.00.490.620.080.980.440.80.870.850.970.510.950.890.95-0.250.750.83-0.930.950.48
0.510.560.230.350.420.42-0.160.040.520.55-0.260.190.490.130.470.850.640.560.240.270.810.08-0.110.21-0.25
0.970.740.780.851.00.420.510.610.060.980.470.790.850.830.960.490.940.870.97-0.280.740.83-0.930.960.5
0.380.060.630.410.49-0.160.510.82-0.050.380.890.150.150.360.29-0.290.30.310.64-0.580.30.47-0.670.630.8
0.610.320.920.690.620.040.610.820.230.590.550.20.440.40.520.010.530.60.62-0.380.590.38-0.660.630.52
0.20.460.340.420.080.520.06-0.050.230.18-0.43-0.290.31-0.070.120.440.180.46-0.050.460.56-0.370.13-0.11-0.32
0.990.820.80.890.980.550.980.380.590.180.30.770.910.780.980.640.980.940.89-0.130.830.74-0.840.880.33
0.28-0.040.350.220.44-0.260.470.890.55-0.430.30.330.080.420.24-0.340.230.130.64-0.610.060.63-0.670.620.82
0.760.710.390.650.80.190.790.150.2-0.290.770.330.810.90.810.480.740.650.760.010.330.87-0.730.740.24
0.910.970.680.930.870.490.850.150.440.310.910.080.810.820.910.730.880.960.750.230.720.64-0.680.690.05
0.820.760.560.780.850.130.830.360.4-0.070.780.420.90.820.830.340.740.730.81-0.080.380.82-0.840.820.45
0.990.810.760.870.970.470.960.290.520.120.980.240.810.910.830.590.960.910.87-0.160.750.75-0.850.880.34
0.60.780.290.530.510.850.49-0.290.010.440.64-0.340.480.730.340.590.70.710.30.540.740.29-0.160.24-0.45
0.980.80.750.820.950.640.940.30.530.180.980.230.740.880.740.960.70.910.82-0.110.860.71-0.780.830.27
0.940.930.820.970.890.560.870.310.60.460.940.130.650.960.730.910.710.910.770.130.860.58-0.70.720.13
0.880.620.730.780.950.240.970.640.62-0.050.890.640.760.750.810.870.30.820.77-0.380.610.87-0.970.970.64
-0.150.4-0.260.08-0.250.27-0.28-0.58-0.380.46-0.13-0.610.010.23-0.08-0.160.54-0.110.13-0.380.02-0.290.5-0.51-0.86
0.810.70.750.740.750.810.740.30.590.560.830.060.330.720.380.750.740.860.860.610.020.35-0.510.580.07
0.730.510.50.580.830.080.830.470.38-0.370.740.630.870.640.820.750.290.710.580.87-0.290.35-0.870.860.5
-0.86-0.54-0.75-0.74-0.93-0.11-0.93-0.67-0.660.13-0.84-0.67-0.73-0.68-0.84-0.85-0.16-0.78-0.7-0.970.5-0.51-0.87-0.99-0.74
0.890.560.740.740.950.210.960.630.63-0.110.880.620.740.690.820.880.240.830.720.97-0.510.580.86-0.990.71
0.36-0.070.410.230.48-0.250.50.80.52-0.320.330.820.240.050.450.34-0.450.270.130.64-0.860.070.5-0.740.71
Click cells to compare fundamentals

Cango Account Relationship Matchups

Cango fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.7B12.1B10.9B7.0B4.6B7.4B
Short Long Term Debt Total2.6B2.6B2.0B1.1B90.5M86.0M
Other Current Liab530.6M780.5M1.4B1.3B385.2M695.7M
Total Current Liabilities2.9B2.5B3.4B2.5B777.7M738.9M
Total Stockholder Equity5.5B8.4B7.0B4.3B3.8B3.8B
Other Liab34.1M335.6M52.5M11.0M12.7M12.1M
Net Tangible Assets5.3B8.2B6.8B4.1B4.7B3.6B
Property Plant And Equipment Net14.7M10.3M19.5M95.4M55.4M31.3M
Current Deferred Revenue67.1M136.9M403.7M568.3M138.3M200.5M
Net Debt602.5M1.1B569.4M697.8M(930.1M)(883.6M)
Retained Earnings852.5M4.0B3.0B9.1M(335.6M)(318.8M)
Accounts Payable8.2M5.1M4.0M25.0M23.8M13.4M
Cash2.0B1.4B1.4B378.9M1.0B1.0B
Non Current Assets Total3.2B3.2B3.3B1.5B764.6M726.4M
Non Currrent Assets Other2.3B1.1B1.1B1.2B660.8M1.2B
Other Assets2.4B3.0B3.1B1.3B1.4B2.0B
Long Term Debt301.7M977.8M486.4M75.9M712.0K676.4K
Cash And Short Term Investments2.6B5.8B4.0B2.3B1.7B2.8B
Net Receivables1.9B2.5B2.5B1.6B465.4M442.1M
Common Stock Shares Outstanding151.6M152.0M144.9M137.0M121.5M115.4M
Short Term Investments597.3M4.3B2.6B1.9B635.1M603.3M
Liabilities And Stockholders Equity8.7B12.1B10.9B7.0B4.6B7.4B
Non Current Liabilities Total335.8M1.3B538.8M163.4M53.9M51.2M
Inventory971.0M9.7M61.3M1.7B1.9B2.0B
Other Current Assets117.4M583.3M1.2B1.6B1.8B1.9B
Other Stockholder Equity4.5B4.5B4.2B4.2B4.0B3.6B
Total Liab3.2B3.8B4.0B2.7B831.6M790.1M
Property Plant And Equipment Gross14.7M10.3M19.5M95.4M84.1M88.3M
Short Long Term Debt2.3B1.6B1.5B914.4M40.0M38.0M
Total Current Assets5.5B8.9B7.6B5.5B3.9B5.2B
Accumulated Other Comprehensive Income119.4M(115.4M)(187.5M)66.4M111.8M117.4M
Non Current Liabilities Other21.8M4.9M991.6K314.3K226.0K214.7K
Short Term Debt2.3B1.6B1.5B924.4M47.6M45.2M
Intangible Assets44.8M44.9M45.9M48.3M48.4M32.6M
Property Plant Equipment14.7M10.3M19.5M95.4M109.7M115.2M
Net Invested Capital8.1B10.9B9.0B5.3B3.9B6.5B
Net Working Capital2.6B6.4B4.2B2.9B3.1B3.6B

Currently Active Assets on Macroaxis

When determining whether Cango Inc is a strong investment it is important to analyze Cango's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cango's future performance. For an informed investment choice regarding Cango Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Automotive Retail 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 Cango. If investors know Cango 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 Cango 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
1.923
Earnings Share
0.19
Revenue Per Share
2.528
Quarterly Revenue Growth
(0.92)
Return On Assets
0.0154
The market value of Cango Inc is measured differently than its book value, which is the value of Cango that is recorded on the company's balance sheet. Investors also form their own opinion of Cango's value that differs from its market value or its book value, called intrinsic value, which is Cango's 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 Cango's market value can be influenced by many factors that don't directly affect Cango's 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 Cango's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cango is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cango's 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.