SpartanNash Good Will vs Common Stock Analysis
SPTN Stock | USD 19.31 0.01 0.05% |
SpartanNash financial indicator trend analysis is much more than just breaking down SpartanNash prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SpartanNash is a good investment. Please check the relationship between SpartanNash Good Will and its Common Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SpartanNash Co. 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.
Good Will vs Common Stock
Good Will vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SpartanNash Good Will account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between SpartanNash's Good Will and Common Stock is 0.49. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Common Stock in the same time period over historical financial statements of SpartanNash Co, assuming nothing else is changed. The correlation between historical values of SpartanNash's Good Will and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of SpartanNash Co are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Good Will i.e., SpartanNash's Good Will and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Common Stock
Most indicators from SpartanNash's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SpartanNash 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SpartanNash Co. 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. At this time, SpartanNash's Tax Provision is very stable compared to the past year. As of the 30th of April 2024, Enterprise Value Over EBITDA is likely to grow to 24.35, while Selling General Administrative is likely to drop about 718.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.5B | 1.1B | 803.9M | Total Revenue | 8.9B | 9.6B | 7.5B | 5.1B |
SpartanNash fundamental ratios Correlations
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SpartanNash Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SpartanNash fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.3B | 2.3B | 2.2B | 2.3B | 2.4B | 1.3B | |
Short Long Term Debt Total | 998.3M | 811.1M | 720.3M | 788.1M | 906.3M | 951.6M | |
Other Current Liab | 111.0M | 173.8M | 154.2M | 165.5M | 190.3M | 199.9M | |
Total Current Liabilities | 565.1M | 689.6M | 655.8M | 705.0M | 659.9M | 362.1M | |
Total Stockholder Equity | 687.5M | 735.0M | 782.9M | 766.1M | 778.2M | 452.4M | |
Property Plant And Equipment Net | 884.8M | 866.2M | 860.4M | 867.3M | 891.2M | 935.8M | |
Net Debt | 974.2M | 791.2M | 709.6M | 759.0M | 579.5M | 397.9M | |
Retained Earnings | 198.9M | 245.5M | 290.5M | 295.0M | 317.1M | 170.2M | |
Accounts Payable | 405.4M | 464.8M | 447.5M | 487.2M | 473.4M | 238.5M | |
Cash | 24.2M | 19.9M | 10.7M | 29.1M | 18.0M | 16.4M | |
Non Current Assets Total | 1.3B | 1.3B | 1.2B | 1.2B | 1.3B | 736.5M | |
Non Currrent Assets Other | 82.7M | 99.2M | 97.2M | 18.1M | 103.2M | 63.9M | |
Cash And Short Term Investments | 24.2M | 19.9M | 10.7M | 29.1M | 26.2M | 20.3M | |
Net Receivables | 345.3M | 357.6M | 361.7M | 404.0M | 379.2M | 398.2M | |
Common Stock Total Equity | 490.2M | 491.8M | 493.8M | 468.1M | 538.3M | 283.6M | |
Common Stock Shares Outstanding | 35.4M | 35.9M | 35.9M | 36.3M | 35.0M | 27.7M | |
Liabilities And Stockholders Equity | 2.3B | 2.3B | 2.2B | 2.3B | 2.7B | 2.8B | |
Non Current Liabilities Total | 1.0B | 852.8M | 768.1M | 835.5M | 917.5M | 493.3M | |
Inventory | 537.2M | 541.8M | 522.3M | 571.1M | 575.2M | 316.6M | |
Other Current Assets | 58.8M | 72.2M | 62.5M | 62.2M | 62.4M | 65.6M | |
Other Stockholder Equity | 400K | (2.3M) | (1.5M) | 3.0M | 2.7M | 2.5M | |
Total Liab | 1.6B | 1.5B | 1.4B | 1.5B | 1.6B | 855.4M | |
Property Plant And Equipment Gross | 884.8M | 866.2M | 860.4M | 867.3M | 1.8B | 1.9B | |
Total Current Assets | 996.7M | 1.0B | 957.2M | 1.1B | 1.1B | 571.3M | |
Accumulated Other Comprehensive Income | (1.6M) | (2.3M) | (1.5M) | 3.0M | 3.4M | 3.6M | |
Short Term Debt | 48.8M | 50.9M | 54.2M | 52.2M | 60.1M | 63.1M | |
Common Stock | 490.2M | 491.8M | 493.8M | 468.1M | 538.3M | 277.6M | |
Other Liab | 73.4M | 92.6M | 102.0M | 99.7M | 114.6M | 71.7M | |
Other Assets | (43K) | 99.2M | 97.2M | 84.4M | 75.9M | 40.2M | |
Long Term Debt | 682.2M | 481.3M | 399.4M | 496.8M | 588.7M | 375.2M | |
Intangible Assets | 130.4M | 116.1M | 111.0M | 106.3M | 101.5M | 89.2M | |
Property Plant Equipment | 615.8M | 577.1M | 860.4M | 610.2M | 701.8M | 412.6M | |
Net Tangible Assets | 376.1M | 437.9M | 490.9M | 477.6M | 549.2M | 419.2M | |
Retained Earnings Total Equity | 198.9M | 245.5M | 290.5M | 295.0M | 339.3M | 273.6M | |
Deferred Long Term Liab | 43.1M | 45.7M | 63.7M | 66.3M | 59.7M | 58.6M | |
Non Current Liabilities Other | 979.8M | 807.1M | 38.3M | 33.4M | 28.8M | 27.4M |
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 SpartanNash 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, SpartanNash's short interest history, or implied volatility extrapolated from SpartanNash options trading.
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When determining whether SpartanNash offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SpartanNash's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spartannash Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Spartannash Co Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SpartanNash Co. 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. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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When running SpartanNash's price analysis, check to measure SpartanNash'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 SpartanNash is operating at the current time. Most of SpartanNash's value examination focuses on studying past and present price action to predict the probability of SpartanNash's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SpartanNash's price. Additionally, you may evaluate how the addition of SpartanNash to your portfolios can decrease your overall portfolio volatility.
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Is SpartanNash'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 SpartanNash. If investors know SpartanNash 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 SpartanNash 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 15.609 | Dividend Share 0.86 | Earnings Share 1.5 | Revenue Per Share 284.389 | Quarterly Revenue Growth (0.03) |
The market value of SpartanNash is measured differently than its book value, which is the value of SpartanNash that is recorded on the company's balance sheet. Investors also form their own opinion of SpartanNash's value that differs from its market value or its book value, called intrinsic value, which is SpartanNash'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 SpartanNash's market value can be influenced by many factors that don't directly affect SpartanNash'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 SpartanNash's value and its price as these two are different measures arrived at by different means. Investors typically determine if SpartanNash is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SpartanNash'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.