Neogen Cash And Short Term Investments vs Property Plant And Equipment Net Analysis

NEOG Stock  USD 12.14  0.18  1.51%   
Neogen financial indicator trend analysis is infinitely more than just investigating Neogen recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neogen is a good investment. Please check the relationship between Neogen Cash And Short Term Investments and its Property Plant And Equipment Net accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.

Cash And Short Term Investments vs Property Plant And Equipment Net

Cash And Short Term Investments vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neogen Cash And Short Term Investments account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Neogen's Cash And Short Term Investments and Property Plant And Equipment Net is 0.63. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Neogen, assuming nothing else is changed. The correlation between historical values of Neogen's Cash And Short Term Investments and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Neogen are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash And Short Term Investments i.e., Neogen's Cash And Short Term Investments and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Neogen balance sheet. This account contains Neogen investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Neogen fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Neogen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neogen 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.At this time, Neogen's Enterprise Value Multiple is most likely to increase significantly in the upcoming years. The Neogen's current Enterprise Value is estimated to increase to about 3.8 B, while Tax Provision is projected to decrease to roughly 707.9 K.
 2021 2022 2023 2024 (projected)
Gross Profit243.0M406.0M466.8M490.2M
Total Revenue527.2M822.4M945.8M993.1M

Neogen fundamental ratios Correlations

0.870.970.981.00.970.820.750.141.0-0.130.440.930.940.990.840.991.00.990.960.730.770.990.990.98-0.02
0.870.910.910.870.880.960.760.270.85-0.20.510.840.80.840.830.90.850.850.950.730.710.850.90.90.17
0.970.911.00.981.00.820.870.330.95-0.110.610.980.950.940.940.990.960.950.990.850.80.950.990.990.18
0.980.911.00.990.990.830.850.290.96-0.120.570.970.950.950.921.00.970.960.990.830.790.961.00.990.14
1.00.870.980.990.980.810.780.190.99-0.130.480.950.950.980.870.990.990.990.970.760.780.990.990.990.03
0.970.881.00.990.980.780.890.360.95-0.10.630.990.950.930.950.990.950.940.980.870.80.940.990.990.2
0.820.960.820.830.810.780.560.010.83-0.180.260.710.720.820.660.830.820.830.880.530.610.830.830.82-0.07
0.750.760.870.850.780.890.560.750.69-0.090.910.920.80.660.980.820.710.680.851.00.750.680.820.840.61
0.140.270.330.290.190.360.010.750.05-0.090.950.440.240.020.610.250.080.040.310.780.380.040.250.30.97
1.00.850.950.960.990.950.830.690.05-0.130.360.90.931.00.80.981.01.00.940.660.741.00.980.96-0.1
-0.13-0.2-0.11-0.12-0.13-0.1-0.18-0.09-0.09-0.13-0.12-0.05-0.06-0.13-0.07-0.18-0.13-0.13-0.15-0.11-0.06-0.13-0.12-0.15-0.18
0.440.510.610.570.480.630.260.910.950.36-0.120.690.510.330.820.540.380.350.580.930.580.350.540.580.88
0.930.840.980.970.950.990.710.920.440.9-0.050.690.960.880.970.960.910.890.960.90.780.890.960.960.27
0.940.80.950.950.950.950.720.80.240.93-0.060.510.960.920.890.950.930.920.920.780.630.920.960.940.05
0.990.840.940.950.980.930.820.660.021.0-0.130.330.880.920.770.971.01.00.930.630.731.00.970.95-0.14
0.840.830.940.920.870.950.660.980.610.8-0.070.820.970.890.770.90.810.790.920.970.770.790.90.910.46
0.990.90.991.00.990.990.830.820.250.98-0.180.540.960.950.970.90.980.970.990.80.780.971.00.990.1
1.00.850.960.970.990.950.820.710.081.0-0.130.380.910.931.00.810.981.00.950.680.751.00.980.97-0.08
0.990.850.950.960.990.940.830.680.041.0-0.130.350.890.921.00.790.971.00.940.650.741.00.970.96-0.11
0.960.950.990.990.970.980.880.850.310.94-0.150.580.960.920.930.920.990.950.940.830.790.940.990.990.17
0.730.730.850.830.760.870.531.00.780.66-0.110.930.90.780.630.970.80.680.650.830.740.650.80.820.65
0.770.710.80.790.780.80.610.750.380.74-0.060.580.780.630.730.770.780.750.740.790.740.740.780.790.29
0.990.850.950.960.990.940.830.680.041.0-0.130.350.890.921.00.790.971.01.00.940.650.740.970.96-0.11
0.990.90.991.00.990.990.830.820.250.98-0.120.540.960.960.970.91.00.980.970.990.80.780.970.990.09
0.980.90.990.990.990.990.820.840.30.96-0.150.580.960.940.950.910.990.970.960.990.820.790.960.990.15
-0.020.170.180.140.030.2-0.070.610.97-0.1-0.180.880.270.05-0.140.460.1-0.08-0.110.170.650.29-0.110.090.15
Click cells to compare fundamentals

Neogen Account Relationship Matchups

Neogen fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets797.2M920.2M992.9M4.6B5.2B5.5B
Other Current Liab22.8M25.0M36.3M60.9M70.0M73.5M
Total Current Liabilities48.5M53.6M77.8M145.5M167.3M175.7M
Total Stockholder Equity725.2M840.4M887.4M3.1B3.6B3.8B
Property Plant And Equipment Net78.7M100.5M110.6M198.7M228.6M240.0M
Net Debt(342.6M)(379.8M)605.6M736.8M663.1M696.2M
Retained Earnings478.7M539.6M587.9M565.0M649.8M682.3M
Cash343.7M381.1M381.1M163.2M187.7M197.1M
Non Current Assets Total259.8M328.7M366.1M4.0B4.6B4.8B
Non Currrent Assets Other2.2M2.0M2.2M15.2M17.5M15.5M
Cash And Short Term Investments343.7M381.1M381.1M245.6M282.4M296.5M
Net Receivables84.7M91.8M99.7M153.3M176.2M185.1M
Common Stock Shares Outstanding105.7M107.1M108.0M188.9M217.2M228.1M
Liabilities And Stockholders Equity797.2M920.2M992.9M4.6B5.2B5.5B
Non Current Liabilities Total23.5M26.2M27.7M1.3B1.5B1.5B
Inventory95.1M100.7M122.3M133.8M153.9M161.6M
Other Current Assets14.0M17.8M23.8M53.3M61.3M64.4M
Other Stockholder Equity257.7M295.0M310.0M2.6B3.0B3.1B
Total Liab72.0M79.8M105.6M1.4B1.6B1.7B
Property Plant And Equipment Gross80.6M102.9M215.5M318.9M366.7M385.0M
Total Current Assets537.4M591.5M626.8M585.9M673.8M707.5M
Accumulated Other Comprehensive Income(19.7M)(11.4M)(27.8M)(33.3M)(29.9M)(28.4M)
Intangible Assets66.6M92.3M107.5M1.6B1.8B1.9B
Accounts Payable25.7M23.9M34.6M76.7M88.2M92.6M
Common Stock Total Equity8.5M17.2M17.2M34.6M39.8M41.8M
Short Term Investments277.4M305.5M336.6M82.3M94.7M91.9M
Common Stock8.5M17.2M17.2M34.6M39.8M37.8M
Other Liab22.6M26.2M27.7M375.7M432.1M453.7M
Other Assets2.2M2.0M4.8B15.2M17.5M16.6M
Good Will181.1M228.3M255.5M3.8B4.3B4.6B
Property Plant Equipment78.7M100.5M110.6M198.7M228.6M240.0M
Net Tangible Assets599.6M612.1M887.4M3.1B3.6B3.8B
Retained Earnings Total Equity478.7M539.6M587.9M565.0M649.8M382.8M

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When determining whether Neogen is a strong investment it is important to analyze Neogen'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 Neogen's future performance. For an informed investment choice regarding Neogen Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Neogen's price analysis, check to measure Neogen'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 Neogen is operating at the current time. Most of Neogen's value examination focuses on studying past and present price action to predict the probability of Neogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neogen's price. Additionally, you may evaluate how the addition of Neogen to your portfolios can decrease your overall portfolio volatility.
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Is Neogen'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 Neogen. If investors know Neogen 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 Neogen 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
(0.86)
Earnings Share
0.02
Revenue Per Share
4.293
Quarterly Revenue Growth
0.048
Return On Assets
0.0179
The market value of Neogen is measured differently than its book value, which is the value of Neogen that is recorded on the company's balance sheet. Investors also form their own opinion of Neogen's value that differs from its market value or its book value, called intrinsic value, which is Neogen'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 Neogen's market value can be influenced by many factors that don't directly affect Neogen'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 Neogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neogen'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.