Perrigo Intangible Assets vs Net Tangible Assets Analysis
PRGO Stock | USD 31.94 0.67 2.14% |
Perrigo Company financial indicator trend analysis is much more than just breaking down Perrigo Company prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Perrigo Company is a good investment. Please check the relationship between Perrigo Company Intangible Assets and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Intangible Assets vs Net Tangible Assets
Intangible Assets vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Perrigo Company Intangible Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Perrigo Company's Intangible Assets and Net Tangible Assets is 0.22. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Perrigo Company PLC, assuming nothing else is changed. The correlation between historical values of Perrigo Company's Intangible Assets and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Perrigo Company PLC are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Intangible Assets i.e., Perrigo Company's Intangible Assets and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Perrigo Company's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Perrigo Company 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Perrigo Company's Tax Provision is very stable compared to the past year. As of the 27th of April 2024, Enterprise Value Over EBITDA is likely to grow to 13.54, while Selling General Administrative is likely to drop about 388.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.5B | 1.7B | 921.9M | Total Revenue | 4.1B | 4.5B | 4.7B | 2.7B |
Perrigo Company fundamental ratios Correlations
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Perrigo Company Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Perrigo Company fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.3B | 11.5B | 10.4B | 11.0B | 10.8B | 5.7B | |
Short Long Term Debt Total | 3.4B | 3.6B | 3.5B | 4.1B | 4.1B | 4.3B | |
Other Current Liab | 812.2M | 800.4M | 32.9M | 533M | 1.1B | 1.2B | |
Total Current Liabilities | 1.3B | 1.4B | 1.6B | 1.1B | 1.6B | 1.7B | |
Total Stockholder Equity | 5.8B | 5.7B | 5.2B | 4.8B | 4.8B | 2.9B | |
Property Plant And Equipment Net | 1.0B | 1.2B | 1.0B | 1.1B | 1.1B | 560.8M | |
Net Debt | 3.0B | 2.9B | 1.7B | 3.5B | 3.3B | 3.5B | |
Accounts Payable | 520.2M | 543.8M | 411.2M | 537.3M | 477.7M | 303.4M | |
Cash | 354.3M | 641.5M | 1.9B | 600.7M | 751.3M | 377.1M | |
Non Current Assets Total | 8.5B | 8.4B | 6.6B | 8.3B | 8.0B | 4.2B | |
Non Currrent Assets Other | 379.6M | 292M | 308M | 158.3M | 242.9M | 190.3M | |
Cash And Short Term Investments | 354.3M | 641.5M | 1.9B | 600.7M | 751.3M | 384.3M | |
Net Receivables | 1.2B | 1.1B | 652.9M | 697.1M | 739.6M | 520.0M | |
Common Stock Shares Outstanding | 136.5M | 136.1M | 133.6M | 134.5M | 135.3M | 109.0M | |
Liabilities And Stockholders Equity | 11.3B | 11.5B | 10.4B | 11.0B | 10.8B | 5.7B | |
Non Current Liabilities Total | 4.2B | 4.5B | 3.7B | 5.1B | 4.5B | 4.7B | |
Inventory | 967.3M | 1.2B | 1.0B | 1.2B | 1.1B | 1.2B | |
Other Current Assets | 192.1M | 237.6M | 321.9M | 271.8M | 201.1M | 109.6M | |
Other Stockholder Equity | 400K | 395M | 7.0B | 6.9B | (135.5M) | (128.7M) | |
Total Liab | 5.5B | 5.8B | 5.3B | 6.2B | 6.0B | 6.3B | |
Total Current Assets | 2.8B | 3.1B | 3.9B | 2.7B | 2.8B | 1.6B | |
Short Term Debt | 3.4M | 37.8M | 603.8M | 36.2M | 440.6M | 462.6M | |
Retained Earnings | (1.7B) | (1.9B) | (1.9B) | (2.1B) | (2.1B) | (2.0B) | |
Intangible Assets | 2.9B | 3.0B | 2.1B | 3.2B | 3.0B | 1.8B | |
Short Term Investments | 6.6M | 2.5M | 400K | 100K | 90K | 85.5K | |
Accumulated Other Comprehensive Income | 139.4M | 395M | 35.5M | (27M) | 10.7M | 10.2M | |
Common Stock | 7.4B | 7.1B | 7.0B | 6.9B | 6.8B | 3.6B | |
Other Assets | 357.4M | 3.6B | 384M | 240.2M | 276.2M | 524.2M | |
Good Will | 4.2B | 3.8B | 3.0B | 3.5B | 3.5B | 2.1B | |
Property Plant Equipment | 902.8M | 996M | 1.0B | 1.2B | 1.3B | 1.4B | |
Other Liab | 694M | 923M | 769.4M | 801.7M | 922.0M | 968.1M | |
Common Stock Total Equity | 7.4B | 7.4B | 7.1B | 7.0B | 8.1B | 5.8B | |
Long Term Debt | 3.4B | 3.5B | 2.9B | 4.1B | 3.6B | 2.8B | |
Net Tangible Assets | 2.9B | 2.7B | 900K | (1.9B) | (1.7B) | (1.7B) | |
Deferred Long Term Liab | 282.3M | 280.6M | 279.3M | 239.3M | 215.4M | 204.6M | |
Short Long Term Debt | 3.4M | 37.8M | 603.8M | 36.2M | 440.6M | 428.7M |
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Is Perrigo Company'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 Perrigo Company. If investors know Perrigo 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 Perrigo Company 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 (0.64) | Dividend Share 1.092 | Earnings Share (0.03) | Revenue Per Share 34.409 | Quarterly Revenue Growth 0.001 |
The market value of Perrigo Company is measured differently than its book value, which is the value of Perrigo that is recorded on the company's balance sheet. Investors also form their own opinion of Perrigo Company's value that differs from its market value or its book value, called intrinsic value, which is Perrigo Company'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 Perrigo Company's market value can be influenced by many factors that don't directly affect Perrigo Company'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 Perrigo Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perrigo Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perrigo Company'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.