Encore Wire Financials

WIRE Stock  USD 174.23  0.17  0.1%   
Encore Wire Revenue Per Employee is projected to increase significantly based on the last few years of reporting. The past year's Revenue Per Employee was at 1.8 Million. The current year's Earnings Before Interest Taxes and Depreciation Amortization EBITDA is expected to grow to about 1 B, whereas Enterprise Value is forecasted to decline to about 1.7 B.
Quarterly Earnings Growth
EPS Estimate Next Quarter
Diluted Eps
EPS Estimate Current Year
EPS Estimate Next Year
The financial analysis of Encore Wire is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Encore Wire includes many different criteria found on its balance sheet. For example, investors should never minimize Encore Wire's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Encore Wire's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Encore Wire.

Cash and Equivalents

788.23 Million

With this module, you can analyze Encore financials for your investing period. You should be able to track the changes in Encore Wire individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Understanding current and past Encore Wire Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Encore Wire's financial statements are interrelated, with each one affecting the others. For example, an increase in Encore Wire's assets may result in an increase in income on the income statement.
Evaluating Encore Wire's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Encore Wire's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Encore Wire's relative financial performance

Chance Of Distress

Less than 1

Encore Wire has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Encore Wire stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Encore Wire's odds of distress score SHOULD NOT be confused with the real chance of Encore Wire filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Encore is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Encore Wire's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
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The data published in Encore Wire's official financial statements usually reflect Encore Wire's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Encore Wire. For example, before you start analyzing numbers published by Encore accountants, it's critical to develop an understanding of what Encore Wire's liquidity, profitability, and earnings quality are in the context of the Electrical Equipment space in which it operates.
Please note, the presentation of Encore Wire's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Encore Wire's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Encore Wire's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Encore Wire. Please utilize our Beneish M Score to check the likelihood of Encore Wire's management manipulating its earnings.

Encore Wire Company Summary

Encore Wire competes with Bloom Energy, Electrovaya Common, Enovix Corp, Eos Energy, and Sunrise New. Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas. Encore Wire operates under Electrical Equipment Parts classification in the United States and is traded on NASDAQ Exchange. It employs 1440 people.
Industrials, Electrical Equipment & Parts
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0000850460
RegionNorth America
LocationTexas; U.S.A
Business Address1329 Millwood Road,
SectorElectrical Equipment
BenchmarkNYSE Composite
Phone972 562 9473
CurrencyUSD - US Dollar
You should never invest in Encore Wire without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Encore Stock, because this is throwing your money away. Analyzing the key information contained in Encore Wire's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Encore Wire Key Financial Ratios

Generally speaking, Encore Wire's financial ratios allow both analysts and investors to convert raw data from Encore Wire's financial statements into concise, actionable information that can be used to evaluate the performance of Encore Wire over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Encore Wire reports annually and quarterly.

Encore Wire Key Balance Sheet Accounts

201820192020202120222023 (projected)
Inventories102.37 M89.68 M92.32 M100.82 M153.19 M165.28 M
Receivables235.35 M223.1 M275.78 M491.13 M498.76 M538.14 M
Accounts Payable36.71 M40.51 M56.73 M75.35 M62.78 M67.74 M
Total Assets818.06 M883.15 M966.45 M1.53 B2.02 B2.18 B
Current Assets519.24 M549.24 M555.13 M1.04 B1.4 B1.51 B
Assets Non Current298.82 M333.92 M411.32 M495.49 M617.09 M512.78 M
Cash and Equivalents178.41 M230.97 M183.12 M438.99 M730.56 M788.23 M
Inventory102.37 M89.68 M92.32 M100.82 M153.19 M134.94 M
Total Liabilities97.6 M104.06 M128.72 M191.45 M200.07 M168.45 M
Current Liabilities73.57 M75.3 M93.59 M154.1 M144.16 M121.67 M
Tax Liabilities24.03 M28.76 M35.13 M37.35 M55.91 M47.2 M

Encore Wire Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Encore Wire's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201820192020202120222023 (projected)
Direct Expenses1.1 B1.11 B1.08 B1.72 B1.91 B2.06 B
Consolidated Income78.15 M58.13 M76.07 M541.42 M717.84 M774.51 M
Cost of Revenue1.1 B1.11 B1.08 B1.72 B1.91 B1.67 B
Gross Profit189.72 M165.97 M194.53 M867.75 M1.11 B1.2 B
Net Income78.15 M58.13 M76.07 M541.42 M717.84 M774.51 M
Operating Expenses90.21 M94.44 M97.01 M168.54 M197.42 M159.3 M
Operating Income99.51 M71.53 M97.53 M699.2 M915 M987.24 M
Revenues1.29 B1.27 B1.28 B2.59 B3.02 B2.43 B
Income Tax Expense23.53 M17.6 M22.73 M157.97 M207.01 M223.35 M

Encore Wire Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Encore Wire. It measures of how well Encore is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Encore Wire brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Encore had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Encore Wire has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201820192020202120222023 (projected)
Capital Expenditure(26.18 M)(52.48 M)(86.08 M)(118.25 M)(148.35 M)(152.25 M)
Depreciation Amortization and Accretion16.51 M17.71 M19.46 M23.29 M26.23 M24.14 M
Net Cash Flow or Change in Cash and Cash Equivalents55.04 M52.56 M(47.84 M)255.87 M291.57 M314.59 M
Issuance Purchase of Equity Shares1.19 M568 K(17.66 M)(42.21 M)(247.42 M)(253.93 M)
Payment of Dividends and Other Cash Distributions(1.67 M)(1.67 M)(1.65 M)(1.63 M)(1.55 M)(1.67 M)
Net Cash Flow from Financing(482 K)(1.1 M)(19.31 M)(44.4 M)(248.97 M)(255.52 M)
Net Cash Flow from Investing(26.07 M)(52.46 M)(85.99 M)(118.16 M)(148.35 M)(152.25 M)
Net Cash Flow from Operations81.59 M106.12 M57.46 M418.42 M688.88 M743.27 M
Share Based Compensation1.44 M1.62 M1.88 M3.79 M10.66 M11.5 M

Encore Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Encore Wire's current stock value. Our valuation model uses many indicators to compare Encore Wire value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Encore Wire competition to find correlations between indicators driving Encore Wire's intrinsic value. More Info.
Encore Wire is rated first in cash and equivalents category among related companies. It is rated first in target price category among related companies . The ratio of Cash and Equivalents to Target Price for Encore Wire is about  2,384,948 . Encore Wire Cash and Equivalents is projected to increase significantly based on the last few years of reporting. The past year's Cash and Equivalents was at 730.56 Million. Comparative valuation analysis is a catch-all model that can be used if you cannot value Encore Wire by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Encore Wire's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Encore Wire's earnings, one of the primary drivers of an investment's value.

Encore Wire Systematic Risk

Encore Wire's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Encore Wire volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Encore Wire correlated with the market. If Beta is less than 0 Encore Wire generally moves in the opposite direction as compared to the market. If Encore Wire Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Encore Wire is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Encore Wire is generally in the same direction as the market. If Beta > 1 Encore Wire moves generally in the same direction as, but more than the movement of the benchmark.

About Encore Wire Financials

What exactly are Encore Wire Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Encore Wire's income statement, its balance sheet, and the statement of cash flows. Potential Encore Wire investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Encore Wire investors may use each financial statement separately, they are all related. The changes in Encore Wire's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Encore Wire's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Encore Wire Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Encore Wire is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Encore has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Encore Wire's financials are consistent with your investment objective using the following steps:
  • Review Encore Wire's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Encore Wire's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Encore Wire's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Encore Wire's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Encore Wire Thematic Clasifications

Encore Wire is part of several thematic ideas from Steel Works Etc to Iron. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
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Encore Wire September 24, 2023 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Encore Wire help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Encore Wire. We use our internally-developed statistical techniques to arrive at the intrinsic value of Encore Wire based on widely used predictive technical indicators. In general, we focus on analyzing Encore Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Encore Wire's daily price indicators and compare them against related drivers.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Is Encore Wire'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 Encore Wire. If investors know Encore 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 Encore Wire 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
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Earnings Share
Revenue Per Share
Quarterly Revenue Growth
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire'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 Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.