Perrigo Total Permanent Equity vs Good Will Analysis
PRGO Stock | USD 27.59 0.30 1.10% |
Perrigo Company financial indicator trend analysis is much more than just breaking down Perrigo Company prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Perrigo Company is a good investment. Please check the relationship between Perrigo Company Total Permanent Equity and its Good Will accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Total Permanent Equity vs Good Will
Total Permanent Equity vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Perrigo Company Total Permanent Equity account and Good Will. At this time, the significance of the direction appears to have strong relationship.
The correlation between Perrigo Company's Total Permanent Equity and Good Will is 0.62. Overlapping area represents the amount of variation of Total Permanent Equity that can explain the historical movement of Good Will in the same time period over historical financial statements of Perrigo Company PLC, assuming nothing else is changed. The correlation between historical values of Perrigo Company's Total Permanent Equity and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Permanent Equity of Perrigo Company PLC are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Permanent Equity i.e., Perrigo Company's Total Permanent Equity and Good Will go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Permanent Equity
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Perrigo Company's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Perrigo Company 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Perrigo Company's Tax Provision is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value is likely to grow to about 16.2 B, while Selling General Administrative is likely to drop about 366.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.5B | 1.7B | 921.9M | Total Revenue | 4.1B | 4.5B | 4.7B | 2.7B |
Perrigo Company fundamental ratios Correlations
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Perrigo Company Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Perrigo Company fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.3B | 11.5B | 10.4B | 11.0B | 10.8B | 5.7B | |
Short Long Term Debt Total | 3.4B | 3.6B | 3.5B | 4.1B | 4.1B | 4.3B | |
Other Current Liab | 812.2M | 855.8M | 530.4M | 500.6M | 627.8M | 659.2M | |
Total Current Liabilities | 1.3B | 1.4B | 1.6B | 1.1B | 1.6B | 1.7B | |
Total Stockholder Equity | 5.8B | 5.7B | 5.2B | 4.8B | 4.8B | 2.9B | |
Property Plant And Equipment Net | 1.0B | 1.2B | 1.0B | 1.1B | 1.1B | 560.8M | |
Net Debt | 3.0B | 2.9B | 1.7B | 3.5B | 3.3B | 3.5B | |
Accounts Payable | 520.2M | 451.6M | 411.2M | 537.3M | 477.7M | 300.3M | |
Cash | 354.3M | 641.5M | 1.9B | 600.7M | 751.3M | 377.1M | |
Non Current Assets Total | 8.5B | 8.4B | 6.6B | 8.3B | 8.0B | 4.2B | |
Non Currrent Assets Other | 379.6M | 292M | 308M | 158.3M | 243.3M | 255.5M | |
Cash And Short Term Investments | 354.3M | 641.5M | 1.9B | 600.7M | 751.3M | 384.3M | |
Net Receivables | 1.2B | 613.2M | 652.9M | 697.1M | 739.6M | 505.3M | |
Common Stock Shares Outstanding | 136.5M | 136.1M | 133.6M | 134.5M | 135.3M | 109.0M | |
Liabilities And Stockholders Equity | 11.3B | 11.5B | 10.4B | 11.0B | 10.8B | 5.7B | |
Non Current Liabilities Total | 4.2B | 4.5B | 3.7B | 5.1B | 4.5B | 4.7B | |
Inventory | 967.3M | 1.2B | 1.0B | 1.2B | 1.1B | 1.2B | |
Other Current Assets | 192.1M | 826.9M | 321.9M | 271.8M | 201.1M | 129.2M | |
Other Stockholder Equity | 400K | 395M | 7.0B | 6.9B | (135.5M) | (128.7M) | |
Total Liab | 5.5B | 5.8B | 5.3B | 6.2B | 6.0B | 6.3B | |
Total Current Assets | 2.8B | 3.1B | 3.9B | 2.7B | 2.8B | 1.6B | |
Short Term Debt | 3.4M | 65.6M | 629.8M | 61.3M | 438.7M | 460.6M | |
Retained Earnings | (1.7B) | (1.9B) | (1.9B) | (2.1B) | (2.1B) | (2.0B) | |
Intangible Assets | 2.9B | 3.0B | 2.1B | 3.2B | 3.0B | 1.8B | |
Short Term Investments | 6.6M | 2.5M | 400K | 100K | 90K | 85.5K | |
Accumulated Other Comprehensive Income | 139.4M | 395M | 35.5M | (27M) | 10.7M | 10.2M | |
Common Stock | 7.4B | 7.1B | 7.0B | 6.9B | 6.8B | 3.6B | |
Other Assets | 357.4M | 3.6B | 384M | 240.2M | 276.2M | 524.2M | |
Good Will | 4.2B | 3.8B | 3.0B | 3.5B | 3.5B | 2.1B | |
Property Plant Equipment | 902.8M | 996M | 1.0B | 1.2B | 1.3B | 1.4B | |
Other Liab | 694M | 923M | 769.4M | 801.7M | 922.0M | 968.1M | |
Common Stock Total Equity | 7.4B | 7.4B | 7.1B | 7.0B | 8.1B | 5.8B | |
Long Term Debt | 3.4B | 3.5B | 2.9B | 4.1B | 3.6B | 2.8B | |
Net Tangible Assets | 2.9B | 2.7B | 900K | (1.9B) | (1.7B) | (1.7B) | |
Deferred Long Term Liab | 282.3M | 280.6M | 279.3M | 239.3M | 215.4M | 204.6M | |
Short Long Term Debt | 3.4M | 37.8M | 603.8M | 36.2M | 440.6M | 428.7M |
Pair Trading with Perrigo Company
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 Perrigo Company 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 Perrigo Company will appreciate offsetting losses from the drop in the long position's value.Moving against Perrigo Stock
0.62 | ALVO | Alvotech | PairCorr |
0.59 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
0.54 | AMGN | Amgen Inc | PairCorr |
0.52 | LLY | Eli Lilly | PairCorr |
0.48 | ABBV | AbbVie Inc | PairCorr |
The ability to find closely correlated positions to Perrigo Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perrigo Company 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 Perrigo Company - 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 Perrigo Company PLC to buy it.
The correlation of Perrigo Company 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 Perrigo Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perrigo Company 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 Perrigo Company 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Pharmaceuticals 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 Perrigo Company. If investors know Perrigo 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 Perrigo Company 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 (0.64) | Dividend Share 1.101 | Earnings Share (1.08) | Revenue Per Share 32.088 | Quarterly Revenue Growth (0.03) |
The market value of Perrigo Company is measured differently than its book value, which is the value of Perrigo that is recorded on the company's balance sheet. Investors also form their own opinion of Perrigo Company's value that differs from its market value or its book value, called intrinsic value, which is Perrigo Company'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 Perrigo Company's market value can be influenced by many factors that don't directly affect Perrigo Company'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 Perrigo Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perrigo Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perrigo Company'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.