Driven Brands Holdings Etf Working Capital
| DRVN Etf | USD 15.05 0.64 4.44% |
Driven Brands Holdings fundamentals help investors to digest information that contributes to Driven Brands' financial success or failures. It also enables traders to predict the movement of Driven Etf. The fundamental analysis module provides a way to measure Driven Brands' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Driven Brands etf.
Driven |
Driven Brands Holdings ETF Working Capital Analysis
Driven Brands' Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Driven Brands Working Capital | 393.94 M |
Most of Driven Brands' fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Driven Brands Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
| Competition |
According to the company's disclosures, Driven Brands Holdings has a Working Capital of 393.94 M. This is much higher than that of the Internet & Direct Marketing Retail family and significantly higher than that of the Consumer Discretionary category. The working capital for all United States etfs is notably lower than that of the firm.
Driven Working Capital Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Driven Brands' direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Driven Brands could also be used in its relative valuation, which is a method of valuing Driven Brands by comparing valuation metrics of similar companies.Driven Brands is currently under evaluation in working capital as compared to similar ETFs.
Driven Fundamentals
| Return On Equity | -0.58 | ||||
| Return On Asset | 0.0313 | ||||
| Profit Margin | (0.32) % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 6.54 B | ||||
| Shares Outstanding | 164.1 M | ||||
| Shares Owned By Insiders | 2.27 % | ||||
| Shares Owned By Institutions | 97.95 % | ||||
| Number Of Shares Shorted | 4.34 M | ||||
| Price To Earning | 118.01 X | ||||
| Price To Book | 2.62 X | ||||
| Price To Sales | 1.03 X | ||||
| Revenue | 2.3 B | ||||
| Gross Profit | 879.52 M | ||||
| EBITDA | 493.56 M | ||||
| Net Income | (729.29 M) | ||||
| Cash And Equivalents | 190.37 M | ||||
| Cash Per Share | 1.17 X | ||||
| Total Debt | 4.35 B | ||||
| Debt To Equity | 2.37 % | ||||
| Current Ratio | 1.11 X | ||||
| Book Value Per Share | 5.53 X | ||||
| Cash Flow From Operations | 235.17 M | ||||
| Short Ratio | 4.13 X | ||||
| Earnings Per Share | (4.53) X | ||||
| Price To Earnings To Growth | 1.37 X | ||||
| Target Price | 18.8 | ||||
| Number Of Employees | 10.6 K | ||||
| Beta | 1.18 | ||||
| Market Capitalization | 2.36 B | ||||
| Total Asset | 5.91 B | ||||
| Retained Earnings | (710.09 M) | ||||
| Working Capital | 393.94 M | ||||
| Net Asset | 5.91 B |
About Driven Brands Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Driven Brands Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Driven Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Driven Brands Holdings based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Driven Brands
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 Driven Brands 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 Driven Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Driven Etf
| 0.78 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
| 0.84 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.81 | AN | AutoNation Earnings Call This Week | PairCorr |
Moving against Driven Etf
| 0.76 | VSCO | Victorias Secret Financial Report 29th of May 2024 | PairCorr |
| 0.75 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
| 0.72 | LL | LL Flooring Holdings | PairCorr |
| 0.68 | BQ | Boqii Holding Limited | PairCorr |
| 0.61 | WEYS | Weyco Group | PairCorr |
The ability to find closely correlated positions to Driven Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Driven Brands 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 Driven Brands - 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 Driven Brands Holdings to buy it.
The correlation of Driven Brands 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 Driven Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Driven Brands Holdings 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 Driven Brands 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 Driven Brands Piotroski F Score and Driven Brands Altman Z Score analysis. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of Driven Brands Holdings is measured differently than its book value, which is the value of Driven that is recorded on the company's balance sheet. Investors also form their own opinion of Driven Brands' value that differs from its market value or its book value, called intrinsic value, which is Driven Brands' 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 Driven Brands' market value can be influenced by many factors that don't directly affect Driven Brands' 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 Driven Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Driven Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Driven Brands' 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.