Evertz Income Quality vs Cash Per Share Analysis

ET Stock  CAD 12.47  0.13  1.03%   
Evertz Technologies financial indicator trend analysis is much more than just examining Evertz Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evertz Technologies is a good investment. Please check the relationship between Evertz Technologies Income Quality and its Cash Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evertz Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Income Quality vs Cash Per Share

Income Quality vs Cash Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evertz Technologies Income Quality account and Cash Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Evertz Technologies' Income Quality and Cash Per Share is -0.33. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Evertz Technologies Limited, assuming nothing else is changed. The correlation between historical values of Evertz Technologies' Income Quality and Cash 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 Income Quality of Evertz Technologies Limited are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Income Quality i.e., Evertz Technologies' Income Quality and Cash Per Share go up and down completely randomly.

Correlation Coefficient

-0.33
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Cash Per Share

Most indicators from Evertz Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evertz Technologies 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evertz Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
As of the 12th of December 2024, Selling General Administrative is likely to drop to about 55.9 M. In addition to that, Tax Provision is likely to drop to about 18.4 M
 2021 2022 2023 2024 (projected)
Gross Profit255.3M268.3M294.0M213.6M
Total Revenue441.0M454.6M514.6M369.8M

Evertz Technologies fundamental ratios Correlations

0.16-0.560.30.840.740.31-0.370.530.740.450.770.440.730.740.210.81-0.110.30.340.990.180.96-0.190.660.48
0.160.550.71-0.340.640.620.6-0.610.61-0.450.7-0.450.260.310.940.38-0.740.770.790.00.810.350.690.450.63
-0.560.550.36-0.83-0.080.240.84-0.87-0.04-0.81-0.05-0.79-0.14-0.220.36-0.15-0.650.370.23-0.660.49-0.380.54-0.080.3
0.30.710.36-0.170.480.980.56-0.490.65-0.480.58-0.460.450.710.550.59-0.410.990.910.20.820.450.470.530.8
0.84-0.34-0.83-0.170.42-0.11-0.730.890.310.750.380.740.460.51-0.210.450.23-0.18-0.110.9-0.240.7-0.490.340.03
0.740.64-0.080.480.420.430.090.050.80.050.960.030.640.680.660.71-0.540.520.560.630.460.850.240.550.7
0.310.620.240.98-0.110.430.44-0.40.57-0.370.52-0.350.380.730.490.54-0.260.970.890.240.750.420.40.520.73
-0.370.60.840.56-0.730.090.44-0.90.25-0.980.15-0.980.230.020.390.2-0.60.560.45-0.480.6-0.120.450.00.51
0.53-0.61-0.87-0.490.890.05-0.4-0.9-0.120.87-0.010.870.090.19-0.410.020.44-0.49-0.40.63-0.470.32-0.580.06-0.4
0.740.61-0.040.650.310.80.570.25-0.12-0.140.89-0.160.790.660.490.89-0.380.640.680.640.550.860.270.670.83
0.45-0.45-0.81-0.480.750.05-0.37-0.980.87-0.14-0.011.0-0.190.02-0.22-0.130.49-0.46-0.330.54-0.490.22-0.360.11-0.43
0.770.7-0.050.580.380.960.520.15-0.010.89-0.01-0.020.690.70.690.78-0.540.620.690.650.570.890.340.610.74
0.44-0.45-0.79-0.460.740.03-0.35-0.980.87-0.161.0-0.02-0.210.03-0.22-0.150.49-0.45-0.320.53-0.470.21-0.340.11-0.44
0.730.26-0.140.450.460.640.380.230.090.79-0.190.69-0.210.670.160.93-0.390.420.370.680.340.83-0.150.510.67
0.740.31-0.220.710.510.680.730.020.190.660.020.70.030.670.240.73-0.180.70.650.690.510.780.050.530.71
0.210.940.360.55-0.210.660.490.39-0.410.49-0.220.69-0.220.160.240.27-0.670.630.710.060.680.350.620.370.44
0.810.38-0.150.590.450.710.540.20.020.89-0.130.78-0.150.930.730.27-0.340.560.520.750.410.89-0.090.650.79
-0.11-0.74-0.65-0.410.23-0.54-0.26-0.60.44-0.380.49-0.540.49-0.39-0.18-0.67-0.34-0.45-0.380.02-0.63-0.29-0.33-0.32-0.47
0.30.770.370.99-0.180.520.970.56-0.490.64-0.460.62-0.450.420.70.630.56-0.450.930.190.850.450.510.530.79
0.340.790.230.91-0.110.560.890.45-0.40.68-0.330.69-0.320.370.650.710.52-0.380.930.230.840.490.610.470.68
0.990.0-0.660.20.90.630.24-0.480.630.640.540.650.530.680.690.060.750.020.190.230.060.91-0.320.620.37
0.180.810.490.82-0.240.460.750.6-0.470.55-0.490.57-0.470.340.510.680.41-0.630.850.840.060.340.510.510.6
0.960.35-0.380.450.70.850.42-0.120.320.860.220.890.210.830.780.350.89-0.290.450.490.910.34-0.030.660.64
-0.190.690.540.47-0.490.240.40.45-0.580.27-0.360.34-0.34-0.150.050.62-0.09-0.330.510.61-0.320.51-0.030.040.36
0.660.45-0.080.530.340.550.520.00.060.670.110.610.110.510.530.370.65-0.320.530.470.620.510.660.040.48
0.480.630.30.80.030.70.730.51-0.40.83-0.430.74-0.440.670.710.440.79-0.470.790.680.370.60.640.360.48
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Evertz Technologies Account Relationship Matchups

Evertz Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets443.7M451.8M421.0M436.7M484.7M399.7M
Short Long Term Debt Total30.1M27.9M26.8M28.8M23.2M11.6M
Other Current Liab23.4M8.4M23.5M25.6M8.9M12.5M
Total Current Liabilities120.8M133.1M164.6M171.7M199.1M209.1M
Total Stockholder Equity295.0M292.7M230.9M243.1M263.3M298.6M
Property Plant And Equipment Net76.6M68.4M62.5M55.1M54.8M48.3M
Current Deferred Revenue45.1M58.0M74.3M69.8M119.6M125.6M
Net Debt(44.9M)(83.4M)(7.1M)16.3M(63.1M)(66.3M)
Retained Earnings141.8M140.7M80.6M87.5M97.1M188.7M
Accounts Payable53.0M66.7M55.8M67.2M63.1M43.2M
Cash75.0M108.8M33.9M12.5M86.3M71.4M
Non Current Assets Total99.2M104.2M97.5M93.5M84.2M69.6M
Cash And Short Term Investments75.0M108.8M33.9M12.5M86.3M80.2M
Net Receivables98.5M79.6M106.4M117.9M96.9M82.0M
Common Stock Shares Outstanding76.6M76.4M76.6M76.2M77.0M81.8M
Liabilities And Stockholders Equity443.7M451.8M421.0M436.7M484.7M399.7M
Non Current Liabilities Total25.5M23.8M22.8M18.8M18.9M11.0M
Inventory162.0M152.7M177.3M202.5M206.2M137.7M
Other Stockholder Equity8.2M(294.0M)9.5M(235.0M)(245.5M)1.05
Total Liab146.3M156.9M187.3M190.6M218.0M228.9M
Property Plant And Equipment Gross76.6M172.0M171.5M163.8M170.6M179.1M
Total Current Assets344.5M347.6M323.5M343.2M400.6M330.1M
Accumulated Other Comprehensive Income1.0M(1.1M)(4.1M)(2.4M)20.4M21.5M
Short Term Debt4.6M4.1M4.1M10.0M4.1M6.9M
Good Will20.8M21.1M21.0M21.3M21.4M17.5M
Intangible Assets1.6M4.5M3.3M2.1M1.1M2.0M
Other Current Assets9.0M6.6M5.9M10.3M11.2M7.0M
Common Stock143.9M143.6M143.5M143.3M145.7M132.1M
Net Tangible Assets272.7M267.1M206.6M219.6M197.7M232.4M
Property Plant Equipment76.6M68.4M62.5M55.1M63.4M60.2M
Non Currrent Assets Other1.2M1.0(99.0M)1.1M988.2K938.8K
Long Term Debt Total25.5M23.8M22.8M18.8M21.7M12.8M
Net Invested Capital295.3M295.3M230.9M249.0M263.3M233.6M
Cash And Equivalents75.0M108.8M33.9M12.5M11.2M10.7M
Net Working Capital223.7M214.5M158.9M171.4M201.4M178.2M

Pair Trading with Evertz Technologies

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 Evertz Technologies 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 Evertz Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Evertz Stock

  0.68BUI Buhler IndustriesPairCorr

Moving against Evertz Stock

  0.65RCI-A Rogers CommunicationsPairCorr
  0.64ARA Aclara ResourcesPairCorr
  0.52CCL-A CCL IndustriesPairCorr
The ability to find closely correlated positions to Evertz Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evertz Technologies 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 Evertz Technologies - 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 Evertz Technologies Limited to buy it.
The correlation of Evertz Technologies 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 Evertz Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evertz Technologies 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 Evertz Technologies 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 CorrelationCorrelation Matching

Other Information on Investing in Evertz Stock

Balance Sheet is a snapshot of the financial position of Evertz Technologies at a specified time, usually calculated after every quarter, six months, or one year. Evertz Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Evertz Technologies and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Evertz currently owns. An asset can also be divided into two categories, current and non-current.