Independence Invested Capital vs Enterprise Value Analysis
IRT Stock | USD 15.66 0.10 0.63% |
Independence Realty financial indicator trend analysis is infinitely more than just investigating Independence Realty Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Realty Trust is a good investment. Please check the relationship between Independence Realty Invested Capital and its Enterprise Value accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Realty Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Invested Capital vs Enterprise Value
Invested Capital vs Enterprise Value Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Realty Trust Invested Capital account and Enterprise Value. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Independence Realty's Invested Capital and Enterprise Value is -0.36. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Independence Realty Trust, assuming nothing else is changed. The correlation between historical values of Independence Realty's Invested Capital and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Independence Realty Trust are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Invested Capital i.e., Independence Realty's Invested Capital and Enterprise Value go up and down completely randomly.
Correlation Coefficient | -0.36 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Independence Realty Trust. There are two different methods for calculating Independence Realty Trust invested capital: operating approach and financing approach. Understanding Independence Realty invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Enterprise Value
Enterprise Value (or EV) is usually referred to as Independence Realty theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Independence Realty Trust debt, but would also pocket its cash. Enterprise Value is more accurate representation of Independence Realty value than its market capitalization because it takes into account all of Independence Realty Trust existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from Independence Realty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Realty Trust 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Realty Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Independence Realty's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Enterprise Value Multiple is likely to drop 15.19 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 147.5M | 372.2M | 167.4M | 103.4M | Total Revenue | 250.3M | 628.5M | 661.0M | 694.0M |
Independence Realty fundamental ratios Correlations
Click cells to compare fundamentals
Independence Realty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Independence Realty fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.7B | 6.5B | 6.5B | 6.3B | 6.6B | |
Other Current Liab | (463.7M) | (467.6M) | 24.0M | (1.9B) | (66.8M) | (70.2M) | |
Total Current Liabilities | 44.1M | 39.6M | 1.0B | 149.6M | 993.3M | 1.0B | |
Total Stockholder Equity | 613.3M | 708.1M | 3.5B | 3.6B | 3.4B | 3.6B | |
Net Debt | 975.7M | 936.9M | 2.7B | 4.6B | 2.4B | 2.5B | |
Retained Earnings | (141.5M) | (178.8M) | (188.4M) | (191.7M) | (348.4M) | (331.0M) | |
Cash | 9.9M | 8.8M | 36.0M | 16.1M | 50.7M | 53.3M | |
Cash And Short Term Investments | 9.9M | 8.8M | 36.0M | 16.1M | 50.7M | 53.3M | |
Common Stock Total Equity | 911K | 1.0M | 2.2M | 2.2M | 2.6M | 2.7M | |
Liabilities And Stockholders Equity | 1.7B | 1.7B | 6.5B | 6.5B | 6.3B | 6.6B | |
Other Stockholder Equity | 766.0M | 919.6M | 3.7B | 3.8B | 3.8B | 3.9B | |
Total Liab | 1.0B | 1.0B | 2.9B | 2.8B | 2.7B | 2.8B | |
Total Current Assets | 14.4M | 13.6M | 127.2M | 79.8M | 347.1M | 364.4M | |
Common Stock | 911K | 1.0M | 2.2M | 2.2M | 2.2M | 2.4M | |
Common Stock Shares Outstanding | 90.4M | 94.7M | 109.8M | 223.1M | 224.4M | 235.6M | |
Non Current Liabilities Total | 1.0B | 982.5M | 1.8B | 2.6B | 1.7B | 971.7M | |
Short Long Term Debt Total | 985.6M | 945.7M | 2.7B | 4.6B | 2.4B | 1.3B | |
Other Liab | 3.7M | 6.9M | 17.1M | 9.6M | 11.0M | 11.6M | |
Net Tangible Assets | 612.9M | 707.3M | 3.4B | 3.6B | 4.1B | 4.3B | |
Noncontrolling Interest In Consolidated Entity | 6.5M | 4.7M | 161.3M | 141.2M | 162.4M | 170.5M | |
Accounts Payable | 25.4M | 25.4M | 106.3M | 109.7M | 109.1M | 114.5M | |
Non Current Assets Total | 1.6B | 1.7B | 6.4B | 6.5B | 5.9B | 6.2B | |
Non Currrent Assets Other | 1.6B | 1.7B | 6.3B | 6.4B | 6.3B | 6.6B | |
Other Assets | 7.6M | 1.7B | 253.8M | 6.5B | 6.3B | 6.6B | |
Long Term Debt | 993.3M | 975.5M | 2.1B | 2.6B | 1.7B | 1.1B | |
Retained Earnings Total Equity | (141.5M) | (178.8M) | (188.4M) | (191.7M) | (172.6M) | (163.9M) | |
Long Term Debt Total | 993.3M | 975.5M | 11.9M | 2.6B | 3.0B | 3.2B | |
Capital Surpluse | 766.0M | 919.6M | 3.7B | 3.8B | 4.3B | 4.5B | |
Other Current Assets | (14.4M) | (13.6M) | (65.7M) | 63.7M | (50.7M) | (48.2M) | |
Long Term Investments | 953K | 0.0 | 25.0M | 80.2M | 89.0M | 57.9M | |
Accumulated Other Comprehensive Income | (12.1M) | (33.8M) | (11.9M) | 35.1M | 25.5M | 21.6M | |
Non Current Liabilities Other | 6.9M | 6.9M | 17.1M | 13.0M | 9.7M | 6.0M | |
Intangible Assets | 410K | 792K | 53.3M | 1.1M | 66K | 62.7K | |
Property Plant Equipment | 1.6B | 1.7B | 6.2B | 6.3B | 7.2B | 7.6B |
Independence Realty Investors Sentiment
The influence of Independence Realty'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 Independence. 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 Independence Realty's public news can be used to forecast risks associated with an investment in Independence. The trend in average sentiment can be used to explain how an investor holding Independence can time the market purely based on public headlines and social activities around Independence Realty Trust. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Independence Realty'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 Independence Realty'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 Independence Realty's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Independence Realty.
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 Independence Realty 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, Independence Realty's short interest history, or implied volatility extrapolated from Independence Realty options trading.
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Is Independence Realty'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 Independence Realty. If investors know Independence 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 Independence Realty 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 (0.75) | Dividend Share 0.62 | Earnings Share (0.08) | Revenue Per Share 2.925 | Quarterly Revenue Growth 0.016 |
The market value of Independence Realty Trust is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Realty's value that differs from its market value or its book value, called intrinsic value, which is Independence Realty'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 Independence Realty's market value can be influenced by many factors that don't directly affect Independence Realty'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 Independence Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Realty'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.