Clear Net Income vs Net Income Per Share Analysis
| CCO Stock | USD 1.50 0.04 2.60% |
Clear Channel financial indicator trend analysis is way more than just evaluating Clear Channel Outdoor prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clear Channel Outdoor is a good investment. Please check the relationship between Clear Channel Net Income and its Net Income Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clear Channel Outdoor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Net Income vs Net Income Per Share
Net Income vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clear Channel Outdoor Net Income account and Net Income Per Share. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Clear Channel's Net Income and Net Income Per Share is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Clear Channel Outdoor, assuming nothing else is changed. The correlation between historical values of Clear Channel's Net Income and Net Income Per Share 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 Clear Channel Outdoor are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Net Income i.e., Clear Channel's Net Income and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Clear Channel Outdoor financial statement analysis. It represents the amount of money remaining after all of Clear Channel Outdoor operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Net Income Per Share
Most indicators from Clear Channel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clear Channel Outdoor 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 Clear Channel Outdoor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Clear Channel's Selling General Administrative is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value Over EBITDA is likely to grow to 16.75, though Tax Provision is likely to grow to (79.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 970.9M | 1.2B | 1.0B | 987.0M | Total Revenue | 2.2B | 2.5B | 2.1B | 2.9B |
Clear Channel fundamental ratios Correlations
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Clear Channel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clear Channel fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 6.4B | 5.8B | 5.3B | 5.1B | 4.7B | 4.8B | |
| Other Current Liab | 573.4M | 173.3M | 215.4M | 762.4M | 284.3M | 428.9M | |
| Total Current Liabilities | 1.2B | 1.1B | 1.1B | 1.1B | 883.7M | 960.1M | |
| Total Stockholder Equity | (2.1B) | (2.8B) | (3.2B) | (3.3B) | (3.5B) | (3.3B) | |
| Property Plant And Equipment Net | 3.1B | 2.5B | 827.2M | 787.5M | 2.2B | 1.6B | |
| Non Current Assets Total | 5.2B | 4.4B | 4.2B | 4.0B | 3.8B | 3.8B | |
| Non Currrent Assets Other | 39.7M | 24.7M | 1.2B | 1.0B | 46.0M | 43.7M | |
| Common Stock Shares Outstanding | 413.1M | 464.5M | 468.5M | 474.4M | 481.7M | 410.2M | |
| Liabilities And Stockholders Equity | 6.4B | 5.8B | 5.3B | 5.1B | 4.7B | 4.8B | |
| Non Current Liabilities Total | 7.3B | 7.5B | 7.4B | 7.3B | 7.3B | 5.1B | |
| Other Current Assets | 3.2M | 64.5M | 80.6M | 385.0M | 205.9M | 151.7M | |
| Other Stockholder Equity | 3.6B | 3.5B | 3.5B | 3.5B | 3.5B | 3.3B | |
| Total Liab | 8.4B | 8.5B | 8.5B | 8.3B | 8.2B | 6.1B | |
| Property Plant And Equipment Gross | 3.1B | 2.5B | 4.4B | 4.3B | 4.1B | 2.6B | |
| Total Current Assets | 1.2B | 1.3B | 1.1B | 1.1B | 957.4M | 1.3B | |
| Short Long Term Debt Total | 7.0B | 7.3B | 7.2B | 7.1B | 7.2B | 4.7B | |
| Other Liab | 599.1M | 555.0M | 485.7M | 380.6M | 437.7M | 416.7M | |
| Current Deferred Revenue | 84.0M | 64.3M | 76.7M | 60.4M | 50.9M | 75.4M | |
| Net Debt | 6.6B | 6.5B | 6.8B | 6.8B | 6.9B | 4.4B | |
| Retained Earnings | (5.3B) | (5.9B) | (6.4B) | (6.5B) | (6.8B) | (6.4B) | |
| Accounts Payable | 94.6M | 101.2M | 108.6M | 73.4M | 63.6M | 95.9M | |
| Cash | 398.9M | 785.3M | 410.8M | 286.8M | 251.7M | 354.6M | |
| Other Assets | 89.1M | 3.4B | 82.3M | 73.1M | 84.1M | 79.8M | |
| Long Term Debt | 5.1B | 5.6B | 5.6B | 5.6B | 5.6B | 4.4B | |
| Cash And Short Term Investments | 398.9M | 785.3M | 410.8M | 286.8M | 251.7M | 354.6M | |
| Net Receivables | 713.1M | 468.3M | 643.1M | 453.7M | 499.8M | 540.8M | |
| Good Will | 704.2M | 709.6M | 698.7M | 650.6M | 656.6M | 650.6M | |
| Inventory | 21.1M | 16.6M | 54.2M | 186.9M | 214.9M | 225.7M | |
| Accumulated Other Comprehensive Income | (349.6M) | (358.5M) | (351.0M) | (335.2M) | (227.3M) | (238.7M) | |
| Short Term Debt | 408.2M | 709.0M | 654.5M | 233.2M | 433.8M | 455.5M | |
| Intangible Assets | 1.3B | 1.1B | 989.1M | 974.2M | 904.9M | 1.0B | |
| Property Plant Equipment | 953.5M | 888.8M | 2.4B | 2.3B | 2.0B | 1.4B | |
| Common Stock Total Equity | 3.7M | 4.7M | 4.7M | 4.7M | 5.5M | 4.1M | |
| Common Stock | 4.7M | 4.7M | 4.7M | 4.8M | 4.9M | 4.3M | |
| Treasury Stock | (6.6M) | (2.6M) | (3.1M) | (7.8M) | (7.1M) | (6.7M) | |
| Net Tangible Assets | (3.9B) | (4.6B) | (4.9B) | (4.9B) | (4.4B) | (4.6B) | |
| Noncontrolling Interest In Consolidated Entity | 160.4M | 152.8M | 10.9M | 11.1M | 10.0M | 9.5M | |
| Retained Earnings Total Equity | (5.0B) | (5.3B) | (5.9B) | (6.4B) | (5.7B) | (6.0B) | |
| Short Term Investments | 1.7M | 1.0M | 877K | 634K | 570.6K | 542.1K |
Pair Trading with Clear Channel
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 Clear Channel 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 Clear Channel will appreciate offsetting losses from the drop in the long position's value.Moving against Clear Stock
The ability to find closely correlated positions to Clear Channel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clear Channel 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 Clear Channel - 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 Clear Channel Outdoor to buy it.
The correlation of Clear Channel 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 Clear Channel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clear Channel Outdoor 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 Clear Channel 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clear Channel Outdoor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Advertising 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 Clear Channel. If investors know Clear 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 Clear Channel 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 (0.76) | Earnings Share (0.29) | Revenue Per Share 4.59 | Quarterly Revenue Growth 0.061 | Return On Assets 0.039 |
The market value of Clear Channel Outdoor is measured differently than its book value, which is the value of Clear that is recorded on the company's balance sheet. Investors also form their own opinion of Clear Channel's value that differs from its market value or its book value, called intrinsic value, which is Clear Channel'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 Clear Channel's market value can be influenced by many factors that don't directly affect Clear Channel'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 Clear Channel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clear Channel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clear Channel'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.