Advanced Drainage Systems Stock Fundamentals

WMS Stock  USD 166.22  0.80  0.48%   
Advanced Drainage Systems fundamentals help investors to digest information that contributes to Advanced Drainage's financial success or failures. It also enables traders to predict the movement of Advanced Stock. The fundamental analysis module provides a way to measure Advanced Drainage's 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 Advanced Drainage stock.
At this time, Advanced Drainage's Income Tax Expense is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 612.3 M in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 2.2 M in 2024.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Advanced Drainage Systems Company Shares Outstanding Analysis

Advanced Drainage's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Shares Outstanding

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Public Shares

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Repurchased

More About Shares Outstanding | All Equity Analysis

Current Advanced Drainage Shares Outstanding

    
  77.51 M  
Most of Advanced Drainage's fundamental indicators, such as Shares Outstanding, 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, Advanced Drainage Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Advanced Shares Outstanding Historical Pattern

Today, most investors in Advanced Drainage Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Advanced Drainage's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Advanced Drainage shares outstanding as a starting point in their analysis.
   Advanced Drainage Shares Outstanding   
       Timeline  
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Competition

Advanced Common Stock Shares Outstanding

Common Stock Shares Outstanding

64.59 Million

At this time, Advanced Drainage's Common Stock Shares Outstanding is comparatively stable compared to the past year.
Based on the latest financial disclosure, Advanced Drainage Systems has 77.51 M of shares currently outstending. This is 46.82% lower than that of the Building Products sector and significantly higher than that of the Industrials industry. The shares outstanding for all United States stocks is 86.45% higher than that of the company.

Advanced Drainage Systems Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Advanced Drainage's current stock value. Our valuation model uses many indicators to compare Advanced Drainage value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Advanced Drainage competition to find correlations between indicators driving Advanced Drainage's intrinsic value. More Info.
Advanced Drainage Systems is rated second in return on equity category among its peers. It is rated second in return on asset category among its peers reporting about  0.29  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Advanced Drainage Systems is roughly  3.48 . At this time, Advanced Drainage's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Advanced Drainage by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Advanced Shares Outstanding Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Advanced Drainage's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Advanced Drainage could also be used in its relative valuation, which is a method of valuing Advanced Drainage by comparing valuation metrics of similar companies.
Advanced Drainage is currently under evaluation in shares outstanding category among its peers.

Advanced Drainage ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Advanced Drainage's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Advanced Drainage's managers, analysts, and investors.
Environmental
Governance
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Advanced Fundamentals

About Advanced Drainage Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Advanced Drainage Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advanced Drainage using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advanced Drainage Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Last ReportedProjected for Next Year
Current Deferred Revenue1.2 M1.2 M
Total Revenue2.9 B1.8 B
Cost Of Revenue1.8 B1.3 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.13  0.07 
Capex To Revenue(0.06)(0.07)
Revenue Per Share 36.73  37.16 
Ebit Per Revenue 0.25  0.26 

Pair Trading with Advanced Drainage

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 Advanced Drainage 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 Advanced Drainage will appreciate offsetting losses from the drop in the long position's value.

Moving against Advanced Stock

  0.37APT Alpha Pro TechPairCorr
The ability to find closely correlated positions to Advanced Drainage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Drainage 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 Advanced Drainage - 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 Advanced Drainage Systems to buy it.
The correlation of Advanced Drainage 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 Advanced Drainage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Drainage Systems 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 Advanced Drainage 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.
Pair CorrelationCorrelation Matching

Additional Tools for Advanced Stock Analysis

When running Advanced Drainage's price analysis, check to measure Advanced Drainage'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 Advanced Drainage is operating at the current time. Most of Advanced Drainage's value examination focuses on studying past and present price action to predict the probability of Advanced Drainage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Drainage's price. Additionally, you may evaluate how the addition of Advanced Drainage to your portfolios can decrease your overall portfolio volatility.