Blue Balance Sheet Analysis From 2010 to 2024
BLBD Stock | USD 34.99 1.30 3.58% |
Blue |
Most indicators from Blue Bird's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Bird Corp 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 Blue Bird Valuation and Blue Bird Correlation analysis. At present, Blue Bird's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.1, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 14.7M | 18.0M | 20.7M | 12.9M | Depreciation And Amortization | 17.0M | 16.0M | 18.4M | 11.9M |
Blue Bird fundamental ratios Correlations
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Blue Bird Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blue Bird fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 317.4M | 356.0M | 366.1M | 417.8M | 480.4M | 308.7M | |
Other Current Liab | 34.3M | 28.5M | 29.3M | 64.0M | 73.6M | 77.3M | |
Net Debt | 136.8M | 203.6M | 161.9M | 52.9M | 60.9M | 107.8M | |
Cash | 44.5M | 11.7M | 10.5M | 79.0M | 90.8M | 95.4M | |
Other Current Assets | 8.2M | 9.2M | 8.5M | 9.2M | 10.6M | 7.7M | |
Total Liab | 370.6M | 388.7M | 364.7M | 377.8M | 434.4M | 338.8M | |
Total Current Assets | 116.9M | 156.1M | 174.5M | 236.1M | 271.5M | 143.5M | |
Short Term Debt | 11.2M | 16.2M | 20.4M | 20.4M | 23.4M | 13.2M | |
Other Liab | 78.7M | 82.3M | 64.8M | 43.4M | 39.1M | 56.8M | |
Net Tangible Assets | (67.8M) | (53.2M) | (32.7M) | 1.4M | 1.6M | 1.7M | |
Retained Earnings | (33.5M) | (33.8M) | (79.5M) | (55.7M) | (64.1M) | (67.3M) | |
Accounts Payable | 57.6M | 72.3M | 107.9M | 137.1M | 157.7M | 90.4M | |
Other Assets | 4.0M | 26.7M | 5.9M | 12.4M | 11.2M | 10.1M | |
Long Term Debt | 164.2M | 194.6M | 150.4M | 110.5M | 99.5M | 127.7M | |
Net Receivables | 7.6M | 10.0M | 12.5M | 12.6M | 11.3M | 11.4M | |
Capital Surpluse | 84.3M | 88.9M | 96.2M | 173.1M | 199.1M | 209.0M | |
Inventory | 56.5M | 125.2M | 143.0M | 135.3M | 155.6M | 93.1M | |
Intangible Assets | 51.6M | 49.4M | 47.4M | 45.4M | 40.9M | 45.0M |
Pair Trading with Blue Bird
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 Blue Bird 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 Blue Bird will appreciate offsetting losses from the drop in the long position's value.Moving together with Blue Stock
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Moving against Blue Stock
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The ability to find closely correlated positions to Blue Bird could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Bird 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 Blue Bird - 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 Blue Bird Corp to buy it.
The correlation of Blue Bird 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 Blue Bird moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Bird Corp 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 Blue Bird 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 Blue Bird Valuation and Blue Bird Correlation analysis. Note that the Blue Bird Corp information on this page should be used as a complementary analysis to other Blue Bird's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Blue Stock analysis
When running Blue Bird's price analysis, check to measure Blue Bird'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 Blue Bird is operating at the current time. Most of Blue Bird's value examination focuses on studying past and present price action to predict the probability of Blue Bird's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Bird's price. Additionally, you may evaluate how the addition of Blue Bird to your portfolios can decrease your overall portfolio volatility.
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Is Blue Bird'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 Blue Bird. If investors know Blue 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 Blue Bird 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 2.351 | Earnings Share 1.9 | Revenue Per Share 37.832 | Quarterly Revenue Growth 0.348 | Return On Assets 0.1571 |
The market value of Blue Bird Corp is measured differently than its book value, which is the value of Blue that is recorded on the company's balance sheet. Investors also form their own opinion of Blue Bird's value that differs from its market value or its book value, called intrinsic value, which is Blue Bird'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 Blue Bird's market value can be influenced by many factors that don't directly affect Blue Bird'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 Blue Bird's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blue Bird is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blue Bird'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.