Discover Book Value per Share vs Asset Turnover Analysis

DFS Stock

USD 129.24 2.56 2.02%

Discover Financial financial indicator trend analysis is much more than just examining Discover Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Discover Financial is a good investment. Please check the relationship between Discover Financial Book Value Per Share and its Asset Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discover Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

Book Value Per Share vs Asset Turnover

Book Value per Share vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Discover Financial Book Value per Share account and Asset Turnover. At this time, the significance of the direction appears to have strong relationship.

The correlation between Discover Financial's Book Value per Share and Asset Turnover is 0.77. Overlapping area represents the amount of variation of Book Value per Share that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Discover Financial Services, assuming nothing else is changed. The correlation between historical values of Discover Financial's Book Value per Share and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value per Share of Discover Financial Services are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Book Value per Share i.e., Discover Financial's Book Value per Share and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

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

At this time, Discover Financial's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 238.72 in 2024, whereas Tax Provision is likely to drop slightly above 897.2 M in 2024.

	2023	2024 (projected)
Total Revenue	20.6B	21.6B
Interest Expense	860M	1.3B

Total Revenue Interest Expense

Discover Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Inventory	Other Current Assets
Total Assets		0.65	0.93	-0.05	0.51	-0.83	0.54	-0.83	0.56	0.06	0.13	-0.57	0.83	0.81	0.06	0.73	0.25	0.14	0.7	0.67	0.46	-0.34	0.86	0.15	-0.49	-0.32
Short Long Term Debt Total	0.65		0.7	0.47	-0.09	-0.33	0.04	-0.35	0.38	0.65	0.6	-0.33	0.36	0.37	-0.04	0.65	0.29	0.29	0.97	0.49	0.45	-0.01	0.83	0.15	-0.57	-0.31
Total Stockholder Equity	0.93	0.7		0.07	0.46	-0.7	0.52	-0.74	0.65	0.01	0.02	-0.43	0.67	0.76	0.15	0.67	0.22	0.16	0.69	0.54	0.47	-0.21	0.85	0.17	-0.52	-0.23
Net Debt	-0.05	0.47	0.07		-0.38	0.37	-0.13	0.3	0.25	0.36	0.25	0.21	-0.37	-0.23	-0.21	-0.37	0.52	0.64	0.38	-0.38	0.49	0.09	0.17	0.0	-0.53	-0.04
Other Assets	0.51	-0.09	0.46	-0.38		-0.64	0.81	-0.75	0.47	-0.62	-0.61	-0.34	0.6	0.77	0.1	0.25	0.18	0.15	-0.05	0.35	0.37	-0.54	0.3	-0.11	-0.22	0.19
Common Stock Shares Outstanding	-0.83	-0.33	-0.7	0.37	-0.64		-0.57	0.95	-0.43	0.19	0.03	0.81	-0.97	-0.91	-0.08	-0.67	-0.14	0.02	-0.47	-0.76	-0.27	0.57	-0.52	0.08	0.23	0.31
Non Current Liabilities Total	0.54	0.04	0.52	-0.13	0.81	-0.57		-0.74	0.76	-0.52	-0.43	-0.36	0.45	0.79	-0.09	0.17	0.55	0.46	0.08	0.09	0.7	-0.68	0.37	0.01	-0.56	-0.14
Other Stockholder Equity	-0.83	-0.35	-0.74	0.3	-0.75	0.95	-0.74		-0.62	0.28	0.12	0.75	-0.89	-0.99	-0.14	-0.64	-0.32	-0.16	-0.46	-0.67	-0.43	0.67	-0.61	0.01	0.36	0.32
Total Liab	0.56	0.38	0.65	0.25	0.47	-0.43	0.76	-0.62		-0.3	-0.28	-0.31	0.28	0.69	0.16	0.2	0.7	0.67	0.37	0.04	0.69	-0.5	0.56	0.15	-0.61	-0.18
Other Current Liab	0.06	0.65	0.01	0.36	-0.62	0.19	-0.52	0.28	-0.3		0.91	0.04	-0.08	-0.3	-0.4	0.37	-0.05	0.0	0.61	0.21	0.03	0.41	0.29	0.18	-0.19	-0.15
Total Current Liabilities	0.13	0.6	0.02	0.25	-0.61	0.03	-0.43	0.12	-0.28	0.91		-0.15	0.05	-0.17	-0.34	0.41	0.05	-0.05	0.63	0.29	0.03	0.17	0.28	0.21	-0.17	-0.53
Other Liab	-0.57	-0.33	-0.43	0.21	-0.34	0.81	-0.36	0.75	-0.31	0.04	-0.15		-0.76	-0.71	-0.05	-0.54	-0.19	-0.03	-0.53	-0.64	-0.22	0.61	-0.32	0.25	0.19	0.4
Property Plant And Equipment Net	0.83	0.36	0.67	-0.37	0.6	-0.97	0.45	-0.89	0.28	-0.08	0.05	-0.76		0.83	0.04	0.7	0.03	-0.12	0.49	0.8	0.21	-0.46	0.53	-0.09	-0.2	-0.24
Retained Earnings	0.81	0.37	0.76	-0.23	0.77	-0.91	0.79	-0.99	0.69	-0.3	-0.17	-0.71	0.83		0.13	0.6	0.38	0.24	0.47	0.61	0.51	-0.68	0.63	0.0	-0.43	-0.3
Accounts Payable	0.06	-0.04	0.15	-0.21	0.1	-0.08	-0.09	-0.14	0.16	-0.4	-0.34	-0.05	0.04	0.13		0.13	-0.18	-0.24	-0.08	0.17	-0.38	-0.08	0.2	0.02	0.39	-0.11
Cash	0.73	0.65	0.67	-0.37	0.25	-0.67	0.17	-0.64	0.2	0.37	0.41	-0.54	0.7	0.6	0.13		-0.13	-0.23	0.7	0.85	0.06	-0.1	0.73	0.16	-0.14	-0.29
Non Current Assets Total	0.25	0.29	0.22	0.52	0.18	-0.14	0.55	-0.32	0.7	-0.05	0.05	-0.19	0.03	0.38	-0.18	-0.13		0.94	0.3	-0.1	0.68	-0.62	0.33	0.18	-0.54	-0.38
Non Currrent Assets Other	0.14	0.29	0.16	0.64	0.15	0.02	0.46	-0.16	0.67	0.0	-0.05	-0.03	-0.12	0.24	-0.24	-0.23	0.94		0.25	-0.21	0.68	-0.44	0.27	0.13	-0.55	-0.07
Long Term Debt	0.7	0.97	0.69	0.38	-0.05	-0.47	0.08	-0.46	0.37	0.61	0.63	-0.53	0.49	0.47	-0.08	0.7	0.3	0.25		0.58	0.45	-0.14	0.79	0.08	-0.55	-0.4
Cash And Short Term Investments	0.67	0.49	0.54	-0.38	0.35	-0.76	0.09	-0.67	0.04	0.21	0.29	-0.64	0.8	0.61	0.17	0.85	-0.1	-0.21	0.58		-0.13	-0.25	0.58	0.03	0.12	-0.24
Net Receivables	0.46	0.45	0.47	0.49	0.37	-0.27	0.7	-0.43	0.69	0.03	0.03	-0.22	0.21	0.51	-0.38	0.06	0.68	0.68	0.45	-0.13		-0.42	0.46	0.01	-0.97	-0.16
Good Will	-0.34	-0.01	-0.21	0.09	-0.54	0.57	-0.68	0.67	-0.5	0.41	0.17	0.61	-0.46	-0.68	-0.08	-0.1	-0.62	-0.44	-0.14	-0.25	-0.42		-0.18	0.34	0.25	0.43
Common Stock Total Equity	0.86	0.83	0.85	0.17	0.3	-0.52	0.37	-0.61	0.56	0.29	0.28	-0.32	0.53	0.63	0.2	0.73	0.33	0.27	0.79	0.58	0.46	-0.18		0.3	-0.51	-0.32
Short Term Investments	0.15	0.15	0.17	0.0	-0.11	0.08	0.01	0.01	0.15	0.18	0.21	0.25	-0.09	0.0	0.02	0.16	0.18	0.13	0.08	0.03	0.01	0.34	0.3		-0.03	-0.23
Inventory	-0.49	-0.57	-0.52	-0.53	-0.22	0.23	-0.56	0.36	-0.61	-0.19	-0.17	0.19	-0.2	-0.43	0.39	-0.14	-0.54	-0.55	-0.55	0.12	-0.97	0.25	-0.51	-0.03		0.17
Other Current Assets	-0.32	-0.31	-0.23	-0.04	0.19	0.31	-0.14	0.32	-0.18	-0.15	-0.53	0.4	-0.24	-0.3	-0.11	-0.29	-0.38	-0.07	-0.4	-0.24	-0.16	0.43	-0.32	-0.23	0.17

Click cells to compare fundamentals

Discover Financial Account Relationship Matchups

Discover Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	114.0B	112.9B	110.2B	131.6B	151.6B	86.8B
Short Long Term Debt Total	25.7B	21.2B	20.2B	20.1B	21.3B	18.1B
Total Stockholder Equity	11.9B	10.9B	13.4B	14.6B	14.8B	10.5B
Net Debt	8.1B	(4.5B)	2.0B	(997M)	9.6B	5.6B
Other Assets	83.5B	70.1B	80.9B	107.6B	151.5B	159.1B
Common Stock Shares Outstanding	320M	307M	300M	278M	254M	341.1M
Liabilities And Stockholders Equity	114.0B	112.9B	110.2B	131.6B	151.6B	86.8B
Non Current Liabilities Total	25.7B	21.2B	19.0B	117.0B	130.6B	137.1B
Other Stockholder Equity	(9.9B)	(10.2B)	(12.3B)	(14.6B)	(16.5B)	(15.6B)
Total Liab	25.7B	21.2B	96.8B	117.0B	136.8B	143.6B
Other Current Liab	57.6B	66.7B	(1.3B)	19.8B	4.0B	3.8B
Total Current Liabilities	62.9B	70.9B	1.3B	23.6B	6.2B	5.9B
Other Liab	199M	227M	198M	212M	190.8M	181.3M
Property Plant And Equipment Net	1.1B	1.0B	983M	1.0B	1.1B	818.5M
Retained Earnings	21.3B	20.0B	24.8B	28.5B	30.4B	32.0B
Accounts Payable	3.7B	3.9B	72.4B	5.3B	6.1B	11.2B
Cash	17.6B	25.7B	18.2B	21.1B	11.7B	13.2B
Non Current Assets Total	12.1B	13.5B	8.1B	13.5B	148.1B	155.5B
Non Currrent Assets Other	(933M)	(2.2B)	(1.9B)	(2.1B)	133.4B	140.0B
Long Term Debt	25.7B	21.2B	19.0B	20.1B	20.6B	17.4B
Cash And Short Term Investments	18.4B	28.4B	20.3B	10.6B	13.8B	11.2B
Net Receivables	92.5B	944M	914M	104.7B	120.5B	126.5B
Short Term Investments	875M	2.7B	2.0B	1.7B	2.1B	1.7B
Inventory	(94.6B)	(2.1B)	(4.7B)	(107.5B)	(96.7B)	(91.9B)
Other Current Assets	2.0B	2.1B	4.7B	2.8B	3.5B	4.5B
Property Plant And Equipment Gross	1.1B	1.0B	2.8B	2.9B	3.1B	3.3B
Total Current Assets	18.4B	29.3B	21.2B	10.6B	3.5B	3.3B
Accumulated Other Comprehensive Income	(119M)	45M	(94M)	(339M)	(225M)	(213.8M)
Short Term Debt	5.2B	4.2B	1.3B	3.8B	2.2B	2.1B
Intangible Assets	161M	155M	95M	255M	293.3M	190.1M
Property Plant Equipment	1.1B	1.0B	983M	1.0B	1.2B	734.0M
Treasury Stock	(14.1B)	(14.4B)	(16.7B)	(19.1B)	(17.1B)	(16.3B)
Retained Earnings Total Equity	21.3B	20.0B	24.8B	28.5B	32.7B	34.4B
Deferred Long Term Liab	32M	23M	24M	33M	36.8M	19.3M
Net Tangible Assets	10.9B	9.5B	13.2B	13.3B	15.3B	11.1B
Long Term Debt Total	25.7B	21.2B	18.5B	20.1B	23.1B	24.7B

Discover Financial Investors Sentiment

The influence of Discover Financial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Discover. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Discover Financial's public news can be used to forecast risks associated with an investment in Discover. The trend in average sentiment can be used to explain how an investor holding Discover can time the market purely based on public headlines and social activities around Discover Financial Services. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Discover Financial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Discover Financial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Discover Financial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Discover Financial.

Discover Financial Implied Volatility

43.51

Discover Financial's implied volatility exposes the market's sentiment of Discover Financial Services stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Discover Financial's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Discover Financial stock will not fluctuate a lot when Discover Financial's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Discover Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Discover Financial's short interest history, or implied volatility extrapolated from Discover Financial options trading.

Pair Trading with Discover Financial

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 Discover Financial 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 Discover Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Discover Stock

0.79	GS	Goldman Sachs Group Financial Report 17th of July 2024	Pair Corr
0.8	MA	Mastercard Earnings Call Next Week	Pair Corr
0.69	MS	Morgan Stanley Financial Report 16th of July 2024	Pair Corr

Moving against Discover Stock

0.67	ECPG	Encore Capital Group Financial Report 1st of May 2024	Pair Corr
0.58	WAVS	Western Acquisition	Pair Corr

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

The correlation of Discover Financial 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 Discover Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discover Financial 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 Discover Financial 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 Discover Financial is a strong investment it is important to analyze Discover Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Discover Financial's future performance. For an informed investment choice regarding Discover Stock, refer to the following important reports:

How To Invest In Discover

Details

Is Discover Stock a good investment?

Details

What is Discover Financial's Net Worth?

Details

Largest Consumer Finance Companies

View

Largest Financial Services Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discover Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

Note that the Discover Financial information on this page should be used as a complementary analysis to other Discover Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Discover Stock analysis

When running Discover Financial's price analysis, check to measure Discover Financial'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 Discover Financial is operating at the current time. Most of Discover Financial's value examination focuses on studying past and present price action to predict the probability of Discover Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Discover Financial's price. Additionally, you may evaluate how the addition of Discover Financial to your portfolios can decrease your overall portfolio volatility.

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Is Discover Financial'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 Discover Financial. If investors know Discover 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 Discover Financial 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

(0.69)

Dividend Share

2.8

Earnings Share

8.78

Revenue Per Share

39.45

Quarterly Revenue Growth

0.294

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

Book Value Per Share vs Asset Turnover

Book Value per Share vs Asset Turnover Correlation Analysis

Correlation Coefficient

Book Value Per Share

Asset Turnover

Discover Financial fundamental ratios Correlations

Discover Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Discover Financial fundamental ratios Accounts

Discover Financial Investors Sentiment

Discover Financial Implied Volatility

Pair Trading with Discover Financial

Moving together with Discover Stock

Moving against Discover Stock

Complementary Tools for Discover Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 0.97	Short Long Term Debt Total
Other Stockholder Equity	+ 0.95	Common Stock Shares Outstanding
Non Currrent Assets Other	+ 0.94	Non Current Assets Total
Total Stockholder Equity	+ 0.93	Total Assets
Total Current Liabilities	+ 0.91	Other Current Liab
Common Stock Total Equity	+ 0.86	Total Assets

Retained Earnings	- 0.99	Other Stockholder Equity
Inventory	- 0.97	Net Receivables
Property Plant And Equipment Net	- 0.97	Common Stock Shares Outstanding
Retained Earnings	- 0.91	Common Stock Shares Outstanding
Property Plant And Equipment Net	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.83	Total Assets