Armstrong Operating Income vs Ebitda Analysis
AWI Stock | USD 117.55 1.55 1.34% |
Armstrong World financial indicator trend analysis is way more than just evaluating Armstrong World Indu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Armstrong World Indu is a good investment. Please check the relationship between Armstrong World Operating Income and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Armstrong World Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
Operating Income vs Ebitda
Operating Income vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Armstrong World Indu Operating Income account and Ebitda. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Armstrong World's Operating Income and Ebitda is 0.58. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of Armstrong World Industries, assuming nothing else is changed. The correlation between historical values of Armstrong World's Operating Income and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Armstrong World Industries are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Operating Income i.e., Armstrong World's Operating Income and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Armstrong World Indu 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 Armstrong World Industries 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.Ebitda
Most indicators from Armstrong World's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Armstrong World Indu 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 Armstrong World Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. As of now, Armstrong World's Enterprise Value Multiple is decreasing as compared to previous years.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 405.6M | 449.1M | 497M | 481.3M | Total Revenue | 1.1B | 1.2B | 1.3B | 1.8B |
Armstrong World fundamental ratios Correlations
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Armstrong World Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Armstrong World fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.7B | 1.7B | 1.7B | 1.7B | 2.2B | |
Short Long Term Debt Total | 646.1M | 755.7M | 671.6M | 687M | 640.4M | 591.2M | |
Total Stockholder Equity | 364.9M | 450.9M | 519.7M | 535M | 591.8M | 501.5M | |
Net Debt | 600.8M | 618.8M | 573.5M | 581M | 569.6M | 378.3M | |
Other Assets | 164.3M | 261M | 845.3M | 142.6M | 128.3M | 121.9M | |
Common Stock Shares Outstanding | 52.1M | 49.5M | 47.9M | 46.4M | 44.8M | 51.7M | |
Liabilities And Stockholders Equity | 1.5B | 1.7B | 1.7B | 1.7B | 1.7B | 2.2B | |
Non Current Liabilities Total | 973.2M | 1.1B | 980.7M | 969.5M | 886.1M | 841.8M | |
Other Stockholder Equity | (267.8M) | (310.2M) | (382.7M) | (535.4M) | (650.7M) | (618.2M) | |
Total Liab | 1.1B | 1.3B | 1.2B | 1.2B | 1.1B | 1.0B | |
Other Current Liab | 64.3M | 59.2M | 71M | (99.7M) | 68.9M | 52.8M | |
Total Current Liabilities | 155.2M | 172.3M | 209.6M | 182.7M | 194.5M | 309.7M | |
Property Plant And Equipment Net | 524.6M | 529.9M | 542.8M | 554.4M | 618.2M | 763.2M | |
Retained Earnings | 1.0B | 869.8M | 1.0B | 1.2B | 1.3B | 1.4B | |
Accounts Payable | 79.4M | 81.3M | 105.8M | 105M | 91M | 86.5M | |
Cash | 45.3M | 136.9M | 98.1M | 106M | 70.8M | 67.3M | |
Non Current Assets Total | 1.2B | 1.4B | 1.4B | 1.3B | 1.4B | 1.7B | |
Non Currrent Assets Other | 190.5M | 876.8M | 845.3M | 400K | (41.1M) | (39.0M) | |
Cash And Short Term Investments | 45.3M | 136.9M | 98.1M | 106M | 70.8M | 67.3M | |
Net Receivables | 115.1M | 80.6M | 110.5M | 114.2M | 111.8M | 195.8M | |
Inventory | 68.5M | 81.5M | 90.2M | 110M | 104M | 98.8M | |
Other Current Assets | 700K | 1.4M | 800K | 1.3M | 26.4M | 27.7M | |
Property Plant And Equipment Gross | 559.9M | 569.5M | 542.8M | 554.4M | 1.2B | 781.1M | |
Total Current Assets | 244.4M | 311.8M | 321.9M | 356.5M | 313M | 297.4M | |
Accumulated Other Comprehensive Income | (376.1M) | (109.3M) | (109.6M) | (100.1M) | (104.7M) | (109.9M) | |
Short Term Debt | 11.5M | 31.8M | 32.8M | 8.1M | 32.3M | 32.1M | |
Good Will | 53M | 160.7M | 167M | 167.3M | 175.5M | 193.0M | |
Intangible Assets | 411.9M | 457.9M | 421.4M | 407.7M | 412.4M | 411.5M | |
Other Liab | 323M | 1.1B | 980.7M | 290.6M | 261.5M | 248.5M | |
Long Term Debt | 604.5M | 690.5M | 606.4M | 651.1M | 564.3M | 740.1M | |
Treasury Stock | (692.2M) | (823.5M) | (863.9M) | (944M) | (849.6M) | (807.1M) | |
Property Plant Equipment | 559.9M | 529.9M | 542.8M | 554.4M | 499.0M | 659.1M | |
Net Tangible Assets | (100M) | (167.3M) | (68.7M) | (40M) | (36M) | (34.2M) | |
Long Term Debt Total | 604.5M | 690.5M | 606.4M | 651.1M | 586.0M | 654.8M |
Pair Trading with Armstrong World
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 Armstrong World 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 Armstrong World will appreciate offsetting losses from the drop in the long position's value.Moving together with Armstrong Stock
0.74 | NX | Quanex Building Products Financial Report 6th of June 2024 | PairCorr |
0.65 | DOOR | Masonite International Financial Report 13th of May 2024 | PairCorr |
Moving against Armstrong Stock
0.43 | ROCK | Gibraltar Industries | PairCorr |
The ability to find closely correlated positions to Armstrong World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Armstrong World 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 Armstrong World - 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 Armstrong World Industries to buy it.
The correlation of Armstrong World 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 Armstrong World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Armstrong World Indu 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 Armstrong World 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 Armstrong World Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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When running Armstrong World's price analysis, check to measure Armstrong World'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 Armstrong World is operating at the current time. Most of Armstrong World's value examination focuses on studying past and present price action to predict the probability of Armstrong World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Armstrong World's price. Additionally, you may evaluate how the addition of Armstrong World to your portfolios can decrease your overall portfolio volatility.
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Is Armstrong World'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 Armstrong World. If investors know Armstrong 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 Armstrong World 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 0.308 | Dividend Share 1.094 | Earnings Share 5.31 | Revenue Per Share 29.6 | Quarterly Revenue Growth 0.052 |
The market value of Armstrong World Indu is measured differently than its book value, which is the value of Armstrong that is recorded on the company's balance sheet. Investors also form their own opinion of Armstrong World's value that differs from its market value or its book value, called intrinsic value, which is Armstrong World'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 Armstrong World's market value can be influenced by many factors that don't directly affect Armstrong World'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 Armstrong World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Armstrong World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Armstrong World'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.