Avery Ebitda vs Operating Income Analysis

AVY Stock

USD 219.03 1.87 0.86%

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

Ebitda vs Operating Income

Ebitda vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avery Dennison Corp Ebitda account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Avery Dennison's Ebitda and Operating Income is 0.88. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Operating Income in the same time period over historical financial statements of Avery Dennison Corp, assuming nothing else is changed. The correlation between historical values of Avery Dennison's Ebitda and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Avery Dennison Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Ebitda i.e., Avery Dennison's Ebitda and Operating Income go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebitda

Operating Income

Operating Income is the amount of profit realized from Avery Dennison Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Avery Dennison Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Avery Dennison's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avery Dennison Corp 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 Avery Dennison Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

Sales General And Administrative To Revenue is likely to rise to 0.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 995.2 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.3B	2.4B	2.3B	1.5B
Total Revenue	8.4B	9.0B	8.4B	5.2B

Gross Profit Total Revenue

Avery Dennison 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 Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.77	0.83	0.95	0.89	0.97	0.76	0.76	0.37	0.8	0.8	0.37	0.94	-0.13	0.81	0.97	0.77	-0.72	0.83	0.55	0.94	0.46	0.36	0.96	-0.05	-0.05
Short Long Term Debt Total	0.77		0.61	0.71	0.69	0.87	1.0	0.98	0.21	0.98	0.92	0.21	0.69	-0.55	0.97	0.8	0.38	-0.94	0.97	0.86	0.62	0.64	0.77	0.72	-0.59	-0.59
Other Current Liab	0.83	0.61		0.83	0.76	0.84	0.59	0.55	0.41	0.61	0.64	0.41	0.79	-0.02	0.61	0.79	0.68	-0.52	0.66	0.35	0.86	0.4	0.17	0.8	0.06	0.06
Total Current Liabilities	0.95	0.71	0.83		0.79	0.92	0.68	0.71	0.43	0.72	0.72	0.43	0.95	-0.07	0.71	0.93	0.8	-0.68	0.79	0.49	0.95	0.58	0.26	0.95	0.01	0.01
Total Stockholder Equity	0.89	0.69	0.76	0.79		0.86	0.67	0.66	0.36	0.77	0.76	0.36	0.74	0.05	0.71	0.8	0.72	-0.52	0.74	0.6	0.84	0.45	0.44	0.76	-0.16	-0.16
Property Plant And Equipment Net	0.97	0.87	0.84	0.92	0.86		0.85	0.86	0.4	0.88	0.89	0.4	0.92	-0.23	0.89	0.94	0.7	-0.82	0.91	0.67	0.91	0.52	0.49	0.93	-0.23	-0.23
Net Debt	0.76	1.0	0.59	0.68	0.67	0.85		0.97	0.14	0.97	0.9	0.14	0.66	-0.58	0.96	0.79	0.33	-0.94	0.96	0.87	0.59	0.64	0.78	0.69	-0.59	-0.59
Retained Earnings	0.76	0.98	0.55	0.71	0.66	0.86	0.97		0.31	0.97	0.94	0.31	0.72	-0.52	0.97	0.78	0.41	-0.96	0.97	0.88	0.63	0.65	0.77	0.73	-0.61	-0.61
Cash	0.37	0.21	0.41	0.43	0.36	0.4	0.14	0.31		0.28	0.46	1.0	0.54	0.36	0.31	0.28	0.7	-0.22	0.38	0.11	0.57	0.11	0.03	0.45	-0.09	-0.09
Non Current Assets Total	0.8	0.98	0.61	0.72	0.77	0.88	0.97	0.97	0.28		0.95	0.28	0.71	-0.41	0.98	0.79	0.47	-0.89	0.98	0.86	0.67	0.65	0.77	0.72	-0.59	-0.59
Non Currrent Assets Other	0.8	0.92	0.64	0.72	0.76	0.89	0.9	0.94	0.46	0.95		0.46	0.76	-0.36	0.95	0.77	0.54	-0.88	0.95	0.76	0.71	0.54	0.66	0.75	-0.52	-0.52
Cash And Short Term Investments	0.37	0.21	0.41	0.43	0.36	0.4	0.14	0.31	1.0	0.28	0.46		0.54	0.36	0.31	0.28	0.7	-0.22	0.38	0.11	0.57	0.11	0.03	0.45	-0.09	-0.09
Net Receivables	0.94	0.69	0.79	0.95	0.74	0.92	0.66	0.72	0.54	0.71	0.76	0.54		-0.09	0.76	0.93	0.81	-0.71	0.79	0.41	0.95	0.37	0.22	0.99	0.03	0.03
Common Stock Shares Outstanding	-0.13	-0.55	-0.02	-0.07	0.05	-0.23	-0.58	-0.52	0.36	-0.41	-0.36	0.36	-0.09		-0.44	-0.31	0.45	0.68	-0.37	-0.51	0.13	-0.25	-0.53	-0.16	0.44	0.44
Non Current Liabilities Total	0.81	0.97	0.61	0.71	0.71	0.89	0.96	0.97	0.31	0.98	0.95	0.31	0.76	-0.44		0.81	0.48	-0.91	0.98	0.8	0.68	0.52	0.71	0.76	-0.54	-0.54
Inventory	0.97	0.8	0.79	0.93	0.8	0.94	0.79	0.78	0.28	0.79	0.77	0.28	0.93	-0.31	0.81		0.64	-0.8	0.82	0.58	0.87	0.43	0.35	0.97	-0.03	-0.03
Other Current Assets	0.77	0.38	0.68	0.8	0.72	0.7	0.33	0.41	0.7	0.47	0.54	0.7	0.81	0.45	0.48	0.64		-0.29	0.56	0.18	0.91	0.28	0.01	0.76	0.14	0.14
Other Stockholder Equity	-0.72	-0.94	-0.52	-0.68	-0.52	-0.82	-0.94	-0.96	-0.22	-0.89	-0.88	-0.22	-0.71	0.68	-0.91	-0.8	-0.29		-0.9	-0.8	-0.56	-0.57	-0.68	-0.73	0.51	0.51
Total Liab	0.83	0.97	0.66	0.79	0.74	0.91	0.96	0.97	0.38	0.98	0.95	0.38	0.79	-0.37	0.98	0.82	0.56	-0.9		0.8	0.74	0.64	0.69	0.79	-0.52	-0.52
Property Plant And Equipment Gross	0.55	0.86	0.35	0.49	0.6	0.67	0.87	0.88	0.11	0.86	0.76	0.11	0.41	-0.51	0.8	0.58	0.18	-0.8	0.8		0.38	0.73	0.89	0.46	-0.76	-0.76
Total Current Assets	0.94	0.62	0.86	0.95	0.84	0.91	0.59	0.63	0.57	0.67	0.71	0.57	0.95	0.13	0.68	0.87	0.91	-0.56	0.74	0.38		0.4	0.17	0.93	0.08	0.08
Short Term Debt	0.46	0.64	0.4	0.58	0.45	0.52	0.64	0.65	0.11	0.65	0.54	0.11	0.37	-0.25	0.52	0.43	0.28	-0.57	0.64	0.73	0.4		0.63	0.38	-0.54	-0.54
Intangible Assets	0.36	0.77	0.17	0.26	0.44	0.49	0.78	0.77	0.03	0.77	0.66	0.03	0.22	-0.53	0.71	0.35	0.01	-0.68	0.69	0.89	0.17	0.63		0.23	-0.92	-0.92
Accounts Payable	0.96	0.72	0.8	0.95	0.76	0.93	0.69	0.73	0.45	0.72	0.75	0.45	0.99	-0.16	0.76	0.97	0.76	-0.73	0.79	0.46	0.93	0.38	0.23		0.05	0.05
Common Stock Total Equity	-0.05	-0.59	0.06	0.01	-0.16	-0.23	-0.59	-0.61	-0.09	-0.59	-0.52	-0.09	0.03	0.44	-0.54	-0.03	0.14	0.51	-0.52	-0.76	0.08	-0.54	-0.92	0.05		1.0
Common Stock	-0.05	-0.59	0.06	0.01	-0.16	-0.23	-0.59	-0.61	-0.09	-0.59	-0.52	-0.09	0.03	0.44	-0.54	-0.03	0.14	0.51	-0.52	-0.76	0.08	-0.54	-0.92	0.05	1.0

Click cells to compare fundamentals

Avery Dennison Account Relationship Matchups

Avery Dennison fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.5B	6.1B	8.0B	8.0B	8.2B	4.1B
Short Long Term Debt Total	1.9B	2.1B	3.1B	3.1B	3.2B	3.4B
Other Current Liab	734.9M	791.5M	905.6M	839.7M	782.1M	466.4M
Total Current Liabilities	2.3B	1.9B	2.5B	2.8B	2.7B	1.4B
Total Stockholder Equity	1.2B	1.5B	1.9B	2.0B	2.1B	1.3B
Property Plant And Equipment Net	1.2B	1.3B	1.5B	1.5B	1.6B	1.1B
Net Debt	1.7B	1.9B	2.9B	2.9B	3.0B	3.2B
Retained Earnings	3.0B	3.3B	3.9B	4.4B	4.7B	4.9B
Cash	253.7M	252.3M	162.7M	167.2M	215M	225.8M
Non Current Assets Total	3.1B	3.7B	5.2B	5.2B	5.4B	5.7B
Non Currrent Assets Other	646M	759.7M	786.9M	725M	809.6M	850.1M
Cash And Short Term Investments	253.7M	252.3M	162.7M	167.2M	215M	225.8M
Net Receivables	1.2B	1.2B	1.4B	1.4B	1.4B	840.3M
Common Stock Shares Outstanding	85M	84.1M	83.8M	82.2M	81.1M	78.5M
Liabilities And Stockholders Equity	5.5B	6.1B	8.0B	8.0B	8.2B	4.1B
Non Current Liabilities Total	2.0B	2.7B	3.5B	3.1B	3.4B	3.6B
Inventory	663M	717.2M	907.2M	1.0B	920.7M	467.2M
Other Current Assets	211.7M	211.5M	240.2M	230.5M	245.4M	149.3M
Other Stockholder Equity	(1.6B)	(1.6B)	(1.8B)	(2.1B)	(2.3B)	(2.2B)
Total Liab	4.3B	4.6B	6.0B	5.9B	6.1B	6.4B
Property Plant And Equipment Gross	1.3B	1.3B	1.5B	3.7B	4.0B	4.2B
Total Current Assets	2.3B	2.4B	2.7B	2.8B	2.8B	1.6B
Accumulated Other Comprehensive Income	(348.1M)	(334.6M)	(282.9M)	(364M)	(408.1M)	(428.5M)
Short Term Debt	440.2M	64.7M	318.8M	598.6M	622.2M	653.3M
Intangible Assets	126.5M	224.9M	911.4M	840.3M	2.9B	3.0B
Accounts Payable	1.1B	1.1B	1.3B	1.3B	1.3B	687.3M
Other Liab	432.8M	620.9M	713.4M	501.4M	576.6M	608.4M
Other Assets	580.5M	977.7M	966.4M	925.6M	1.1B	663.7M
Long Term Debt	1.5B	2.1B	2.8B	2.5B	2.6B	1.4B
Treasury Stock	(2.2B)	(2.4B)	(2.5B)	(2.7B)	(2.4B)	(2.3B)
Property Plant Equipment	1.2B	1.3B	1.5B	1.5B	1.4B	966.8M
Current Deferred Revenue	12.6M	18.9M	24.7M	22.2M	18.1M	17.2M
Good Will	930.8M	1.1B	1.9B	1.9B	2.0B	1.2B
Net Tangible Assets	678.4M	744.5M	(868.5M)	(55.5M)	(50.0M)	(47.5M)
Retained Earnings Total Equity	3.0B	3.3B	3.9B	4.4B	5.1B	2.9B
Long Term Debt Total	1.5B	2.1B	2.8B	2.5B	2.9B	1.5B
Capital Surpluse	874M	862.1M	862.3M	879.3M	1.0B	920.9M
Short Long Term Debt	440.2M	64.7M	318.8M	598.6M	622.2M	340.1M

Pair Trading with Avery Dennison

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 Avery Dennison 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 Avery Dennison will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avery Stock

0.61

GEF

Greif Bros Financial Report 5th of June 2024

Pair Corr

Moving against Avery Stock

0.71	DSHK	Drive Shack	Pair Corr
0.58	JL	J Long Group	Pair Corr
0.54	TUP	Tupperware Brands Earnings Call This Week	Pair Corr
0.51	CCK	Crown Holdings Earnings Call This Week	Pair Corr
0.51	BERY	Berry Global Group Financial Report 2nd of May 2024	Pair Corr

The ability to find closely correlated positions to Avery Dennison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avery Dennison 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 Avery Dennison - 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 Avery Dennison Corp to buy it.

The correlation of Avery Dennison 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 Avery Dennison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avery Dennison Corp 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 Avery Dennison 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 Avery Dennison Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avery Dennison's 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 Avery Dennison Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avery Dennison Corp Stock:

How To Invest In Avery

Details

Is Avery Stock a good investment?

Details

What is Avery Dennison's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avery Dennison Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

Complementary Tools for Avery Stock analysis

When running Avery Dennison's price analysis, check to measure Avery Dennison's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avery Dennison is operating at the current time. Most of Avery Dennison's value examination focuses on studying past and present price action to predict the probability of Avery Dennison's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avery Dennison's price. Additionally, you may evaluate how the addition of Avery Dennison to your portfolios can decrease your overall portfolio volatility.

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Is Avery Dennison's industry 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 Avery Dennison. If investors know Avery 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 Avery Dennison 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

0.176

Dividend Share

3.18

Earnings Share

6.19

Revenue Per Share

103.647

Quarterly Revenue Growth

0.042

The market value of Avery Dennison Corp is measured differently than its book value, which is the value of Avery that is recorded on the company's balance sheet. Investors also form their own opinion of Avery Dennison's value that differs from its market value or its book value, called intrinsic value, which is Avery Dennison'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 Avery Dennison's market value can be influenced by many factors that don't directly affect Avery Dennison'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 Avery Dennison's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avery Dennison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avery Dennison'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.

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Avery Ebitda vs Operating Income Analysis

Ebitda vs Operating Income

Ebitda vs Operating Income Correlation Analysis

Correlation Coefficient

Ebitda

Operating Income

Avery Dennison fundamental ratios Correlations

Avery Dennison Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avery Dennison fundamental ratios Accounts

Pair Trading with Avery Dennison

Moving together with Avery Stock

Moving against Avery Stock

Complementary Tools for Avery Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Accounts Payable	+ 0.99	Net Receivables
Retained Earnings	+ 0.98	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Short Long Term Debt Total

Other Stockholder Equity	- 0.96	Retained Earnings
Other Stockholder Equity	- 0.94	Net Debt
Other Stockholder Equity	- 0.94	Short Long Term Debt Total
Common Stock	- 0.92	Intangible Assets
Common Stock Total Equity	- 0.92	Intangible Assets
Other Stockholder Equity	- 0.91	Non Current Liabilities Total