Evertec Free Cash Flow vs Invested Capital Analysis
EVTC Stock | USD 38.14 0.35 0.93% |
Evertec financial indicator trend analysis is much more than just examining Evertec latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evertec is a good investment. Please check the relationship between Evertec Free Cash Flow and its Invested Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evertec. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.
Free Cash Flow vs Invested Capital
Free Cash Flow vs Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evertec Free Cash Flow account and Invested Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Evertec's Free Cash Flow and Invested Capital is -0.35. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Evertec, assuming nothing else is changed. The correlation between historical values of Evertec's Free Cash Flow and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Evertec are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Free Cash Flow i.e., Evertec's Free Cash Flow and Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Evertec. There are two different methods for calculating Evertec invested capital: operating approach and financing approach. Understanding Evertec invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Most indicators from Evertec's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evertec 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 Evertec. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.At present, Evertec's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 14.63, whereas Selling General Administrative is forecasted to decline to about 62.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 22.8M | 24.8M | 40.6M | 25.9M | Depreciation And Amortization | 83.1M | 92.0M | 99.9M | 81.1M |
Evertec fundamental ratios Correlations
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Evertec Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Evertec fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 1.1B | 1.1B | 1.1B | 2.1B | 1.2B | |
Short Long Term Debt Total | 555.6M | 523.5M | 486.6M | 447.0M | 986.4M | 503.3M | |
Other Current Liab | 64.5M | 64.6M | 81.7M | 99.7M | 180.2M | 189.2M | |
Total Current Liabilities | 144.3M | 153.0M | 152.9M | 208.4M | 298.3M | 158.7M | |
Total Stockholder Equity | 267.2M | 337.7M | 466.2M | 471.5M | 594.3M | 624.0M | |
Other Liab | 45.6M | 73.7M | 47.0M | 48.3M | 55.5M | 37.4M | |
Property Plant And Equipment Net | 73.8M | 71.1M | 69.8M | 72.3M | 77.2M | 54.8M | |
Current Deferred Revenue | 20.7M | 25.0M | 17.4M | 15.2M | 21.1M | 13.0M | |
Net Debt | 444.6M | 320.9M | 220.2M | 249.7M | 667.7M | 415.1M | |
Retained Earnings | 296.5M | 379.9M | 506.1M | 487.3M | 538.9M | 565.8M | |
Accounts Payable | 39.2M | 43.3M | 28.5M | 46.8M | 66.5M | 39.6M | |
Cash | 111.0M | 202.6M | 266.4M | 197.2M | 318.7M | 334.6M | |
Non Current Assets Total | 735.7M | 713.5M | 708.4M | 742.6M | 1.5B | 898.3M | |
Non Currrent Assets Other | 5.3M | 6.0M | 9.9M | 24.0M | 34.8M | 36.5M | |
Other Assets | 4.3M | 52.4M | 16.9M | 15.5M | 17.8M | 16.6M | |
Long Term Debt | 510.9M | 481.0M | 458.2M | 389.5M | 946.8M | 994.2M | |
Cash And Short Term Investments | 111.0M | 202.6M | 266.4M | 197.2M | 318.7M | 334.6M | |
Net Receivables | 106.8M | 95.7M | 113.3M | 131.1M | 137.6M | 102.8M | |
Good Will | 399.5M | 397.7M | 393.3M | 423.4M | 791.7M | 458.9M | |
Common Stock Total Equity | 720K | 721K | 719K | 648K | 583.2K | 583.1K | |
Common Stock Shares Outstanding | 73.5M | 73.1M | 72.9M | 69.3M | 65.8M | 59.4M | |
Liabilities And Stockholders Equity | 1.0B | 1.1B | 1.1B | 1.1B | 2.1B | 1.2B | |
Non Current Liabilities Total | 595.7M | 577.2M | 521.6M | 448.6M | 1.1B | 717.3M | |
Inventory | 39.2M | 43.7M | 38.0M | 18.4M | 21.2M | 27.1M | |
Other Current Assets | 19.0M | 17.0M | 18.8M | 42.4M | 97.3M | 102.2M | |
Other Stockholder Equity | 296.5M | 5.3M | 7.6M | 487.3M | 36.5M | 34.7M | |
Total Liab | 740.1M | 730.2M | 674.5M | 657.0M | 1.4B | 876.1M | |
Property Plant And Equipment Gross | 73.8M | 71.1M | 69.8M | 72.3M | 221.4M | 232.4M | |
Total Current Assets | 276.0M | 359.0M | 436.4M | 389.1M | 553.6M | 581.3M | |
Accumulated Other Comprehensive Income | (30.0M) | (48.3M) | (48.1M) | (16.5M) | 18.2M | 19.1M | |
Short Term Debt | 20.0M | 20.1M | 25.3M | 46.7M | 30.6M | 27.8M | |
Intangible Assets | 241.9M | 219.9M | 213.3M | 200.3M | 518.1M | 544.0M | |
Common Stock | 720K | 721K | 719K | 648K | 654K | 578.5K | |
Property Plant Equipment | 43.8M | 43.5M | 48.5M | 56.4M | 64.8M | 43.7M | |
Noncontrolling Interest In Consolidated Entity | 4.4M | 4.7M | 4.1M | 3.2M | 3.7M | 3.1M | |
Retained Earnings Total Equity | 296.5M | 379.9M | 506.1M | 487.3M | 560.5M | 588.5M | |
Deferred Long Term Liab | 4.3M | 2.7M | 2.4M | 10.1M | 9.1M | 11.2M | |
Net Tangible Assets | (374.2M) | (279.8M) | (140.4M) | (152.2M) | (175.0M) | (183.8M) | |
Long Term Investments | 12.3M | 12.8M | 12.1M | 22.1M | 32.7M | 16.9M |
Pair Trading with Evertec
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 Evertec 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 Evertec will appreciate offsetting losses from the drop in the long position's value.Moving against Evertec Stock
0.6 | SQ | Block Inc Financial Report 2nd of May 2024 | PairCorr |
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0.49 | DTSS | Datasea | PairCorr |
0.44 | NN | Nextnav Acquisition Corp Tech Boost | PairCorr |
The ability to find closely correlated positions to Evertec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evertec 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 Evertec - 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 Evertec to buy it.
The correlation of Evertec 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 Evertec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evertec 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 Evertec 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 Evertec. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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When running Evertec's price analysis, check to measure Evertec'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 Evertec is operating at the current time. Most of Evertec's value examination focuses on studying past and present price action to predict the probability of Evertec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evertec's price. Additionally, you may evaluate how the addition of Evertec to your portfolios can decrease your overall portfolio volatility.
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Is Evertec'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 Evertec. If investors know Evertec 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 Evertec 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 (0.61) | Dividend Share 0.2 | Earnings Share 1.21 | Revenue Per Share 10.699 | Quarterly Revenue Growth 0.203 |
The market value of Evertec is measured differently than its book value, which is the value of Evertec that is recorded on the company's balance sheet. Investors also form their own opinion of Evertec's value that differs from its market value or its book value, called intrinsic value, which is Evertec'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 Evertec's market value can be influenced by many factors that don't directly affect Evertec'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 Evertec's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evertec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evertec'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.