Diamond Price to Sales Ratio vs Free Cash Flow per Share Analysis
DHIL Stock | USD 154.69 4.49 2.82% |
Diamond Hill financial indicator trend analysis is much more than just examining Diamond Hill Investment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diamond Hill Investment is a good investment. Please check the relationship between Diamond Hill Price To Sales Ratio and its Free Cash Flow Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Hill Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Price To Sales Ratio vs Free Cash Flow Per Share
Price to Sales Ratio vs Free Cash Flow per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diamond Hill Investment Price to Sales Ratio account and Free Cash Flow per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between Diamond Hill's Price to Sales Ratio and Free Cash Flow per Share is 0.63. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Free Cash Flow per Share in the same time period over historical financial statements of Diamond Hill Investment, assuming nothing else is changed. The correlation between historical values of Diamond Hill's Price to Sales Ratio and Free Cash Flow 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 Price to Sales Ratio of Diamond Hill Investment are associated (or correlated) with its Free Cash Flow per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow per Share has no effect on the direction of Price to Sales Ratio i.e., Diamond Hill's Price to Sales Ratio and Free Cash Flow per Share go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Diamond Hill Investment stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Diamond Hill sales, a figure that is much harder to manipulate than other Diamond Hill Investment multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Most indicators from Diamond Hill's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diamond Hill Investment 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 Diamond Hill Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Diamond Hill's Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.11 this year, although the value of Selling General Administrative will most likely fall to about 12.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 58.6M | 64.3M | 35.5M | 25.6M | Other Operating Expenses | 105.9M | 90.2M | 101.2M | 106.3M |
Diamond Hill fundamental ratios Correlations
Click cells to compare fundamentals
Diamond Hill Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diamond Hill fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 272.7M | 263.1M | 286.2M | 249.8M | 232.1M | 243.7M | |
Other Current Liab | 26.6M | 28.4M | 38.0M | 32.1M | 30.3M | 28.8M | |
Total Current Liabilities | 35.3M | 36.4M | 46.6M | 41.3M | 35.7M | 33.9M | |
Total Stockholder Equity | 130.2M | 184.1M | 184.4M | 163.7M | 160.3M | 168.3M | |
Property Plant And Equipment Net | 5.7M | 6.7M | 6.1M | 4.3M | 2.6M | 2.0M | |
Net Debt | (90.1M) | (96.0M) | (78.6M) | (61.8M) | (46.2M) | (43.9M) | |
Retained Earnings | 117.3M | 118.0M | 119.3M | 129.0M | 153.5M | 161.2M | |
Accounts Payable | 8.7M | 8.0M | 8.6M | 9.2M | 5.4M | 5.8M | |
Cash | 93.2M | 98.5M | 80.6M | 63.2M | 47.0M | 31.3M | |
Non Current Assets Total | 155.6M | 143.6M | 182.6M | 164.4M | 161.9M | 170.0M | |
Cash And Short Term Investments | 187.2M | 98.5M | 191.8M | 63.2M | 47.0M | 52.9M | |
Net Receivables | 21.1M | 18.1M | 20.4M | 18.8M | 19.7M | 10.3M | |
Common Stock Total Equity | 95.9M | 80.8M | 80.4M | 51.7M | 59.4M | 56.8M | |
Common Stock Shares Outstanding | 3.4M | 3.2M | 3.2M | 3.1M | 2.9M | 2.8M | |
Liabilities And Stockholders Equity | 210.0M | 263.1M | 286.2M | 249.8M | 232.1M | 243.7M | |
Non Current Liabilities Total | 30.3M | 33.2M | 37.3M | 30.7M | 36.1M | 34.3M | |
Other Current Assets | (114.2M) | (116.5M) | (101.0M) | 3.4M | (66.7M) | (63.3M) | |
Total Liab | 65.6M | 69.6M | 84.0M | 72.0M | 71.8M | 68.2M | |
Property Plant And Equipment Gross | 5.7M | 6.7M | 13.6M | 13.2M | 12.8M | 13.4M | |
Total Current Assets | 117.1M | 119.5M | 103.5M | 85.4M | 70.2M | 66.7M | |
Common Stock | 95.9M | 80.8M | 80.4M | 51.7M | 22.2M | 21.1M | |
Non Currrent Assets Other | 2.9M | 3.0M | 2.6M | 3.4M | (2.4B) | (2.5B) | |
Other Stockholder Equity | (83.0M) | (14.7M) | (15.3M) | (17.0M) | (15.4B) | (16.2B) | |
Other Liab | 30.3M | 33.2M | 37.3M | 30.7M | 35.4M | 21.7M | |
Other Assets | 10.4M | 140.1M | 286.2M | 3.4M | (67.4B) | (64.0B) | |
Accumulated Other Comprehensive Income | (20.3M) | (14.7M) | (15.3M) | (17.0M) | (15.4M) | (14.6M) | |
Property Plant Equipment | 5.7M | 6.7M | 6.1M | 4.3M | 5.0M | 2.7M | |
Net Tangible Assets | 207.0M | 193.5M | 202.2M | 177.8M | 204.5M | 151.1M | |
Retained Earnings Total Equity | 117.3M | 118.0M | 119.3M | 129.0M | 148.3M | 155.8M | |
Deferred Long Term Liab | 30.3M | 33.2M | 37.3M | 30.7M | 35.4M | 18.0M | |
Long Term Investments | 139.4M | 128.4M | 166.7M | 145.7M | 147.7M | 111.6M | |
Warrants | 14.2M | 9.4M | 17.8M | 14.1M | 12.7M | 17.4M | |
Net Invested Capital | 192.9M | 184.1M | 184.4M | 163.7M | 160.3M | 143.2M | |
Net Working Capital | 81.8M | 83.1M | 56.9M | 44.1M | 34.5M | 48.8M | |
Capital Stock | 95.9M | 80.8M | 80.4M | 51.7M | 22.2M | 21.1M |
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 Diamond Hill 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, Diamond Hill's short interest history, or implied volatility extrapolated from Diamond Hill options trading.
Pair Trading with Diamond Hill
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 Diamond Hill 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 Diamond Hill will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Diamond Hill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Hill 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 Diamond Hill - 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 Diamond Hill Investment to buy it.
The correlation of Diamond Hill 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 Diamond Hill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Hill Investment 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 Diamond Hill 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Hill Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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When running Diamond Hill's price analysis, check to measure Diamond Hill'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 Diamond Hill is operating at the current time. Most of Diamond Hill's value examination focuses on studying past and present price action to predict the probability of Diamond Hill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Hill's price. Additionally, you may evaluate how the addition of Diamond Hill to your portfolios can decrease your overall portfolio volatility.
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Is Diamond Hill'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 Diamond Hill. If investors know Diamond 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 Diamond Hill 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 0.1 | Dividend Share 6 | Earnings Share 14.74 | Revenue Per Share 47.995 | Quarterly Revenue Growth 0.068 |
The market value of Diamond Hill Investment is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Hill's value that differs from its market value or its book value, called intrinsic value, which is Diamond Hill'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 Diamond Hill's market value can be influenced by many factors that don't directly affect Diamond Hill'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 Diamond Hill's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Hill is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Hill'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.