Globus Stock Story

GLBS

Stock

USD 1.81 0.07 3.72%

Macroaxis Story

Globus Maritime is currently generating 0.1125% in daily expected returns and assumes 4.3666% risk (volatility on return distribution) over the 60 days horizon. While many risk-averse retail investors are getting carried away by overanalyzing industrials space, it is reasonable to sum up Globus Maritime Limi. We will discuss why it could be a different year for Globus Maritime shareholders. The latest above-average Globus Maritime's volatility may impact the value of the stock as we project Globus Maritime as currently undervalued. The real value, according to our calculations, is approaching 3.31 per share.

Published over two months ago

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Will Globus Maritime (NASDAQ:GLBS) fall in July?

Globus Maritime Limi currently holds roughly 45.21 M in cash with 20.75 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.2.

Volatility is a rate at which the price of Globus Maritime or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Globus Maritime may increase or decrease. In other words, similar to Globus's beta indicator, it measures the risk of Globus Maritime and helps estimate the fluctuations that may happen in a short period of time. So if prices of Globus Maritime fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.

Please read more on our technical analysis page.

How important is Globus Maritime's Liquidity

Globus Maritime financial leverage refers to using borrowed capital as a funding source to finance Globus Maritime Limi ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Globus Maritime financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Globus Maritime's total debt and its cash.

How does Globus utilize its cash?

To perform a cash flow analysis of Globus Maritime, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Globus Maritime is receiving and how much cash it distributes out in a given period. The Globus Maritime cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Globus Maritime Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Globus Maritime reported last year Net Cash Flow from Operations of 20.75 Million

Globus Maritime Volatility Drivers

Globus Maritime unsystematic risk is unique to Globus Maritime Limi and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Globus Maritime you can also buy International Business Machines. You can also mitigate this risk by investing in the marine shipping sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Globus Maritime important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Globus Maritime income statement and balance sheet. Here are more details about Globus volatility.

	Total Assets	Current Assets	Cash and Equivalents	Total Debt	Debt Current	Deferred Revenue	Shareholders Equity	Total Liabilities	Current Liabilities	Consolidated Income	Cost of Revenue	Gross Profit	Interest Expense	Net Income	Net Income Common Stock	Operating Expenses	Operating Income	Weighted Average Shares	Capital Expenditure	Share Based Compensation	Asset Turnover	Book Value per Share	Current Ratio	Debt to Equity Ratio	Dividend Yield	EBITDA Margin	Earnings per Basic Share	Free Cash Flow per Share	Gross Margin	Profit Margin	Payout Ratio	Price to Book Value	Price to Earnings Ratio	Price to Sales Ratio	Return on Average Assets	Return on Average Equity	Return on Sales	Sales per Share	Average Assets	Earnings before Tax	Average Equity	Enterprise Value	Free Cash Flow	Invested Capital	Invested Capital Average	Market Capitalization	Tangible Asset Value	Working Capital
Total Assets		0.31	0.26	0.71	-0.33	0.73	0.82	0.7	-0.37	0.32	0.33	0.79	-0.19	0.32	0.32	0.02	0.32	0.18	-0.7	0.42	0.09	0.82	0.34	-0.56	0.7	0.45	0.09	-0.69	0.75	0.52	0.8	-0.06	0.59	0.24	0.55	0.6	0.48	0.79	0.93	0.32	0.85	0.44	-0.54	0.94	0.8	0.6	1.0	0.4
Current Assets	0.31		1.0	-0.29	-0.49	0.8	0.74	-0.3	-0.43	0.35	0.53	0.72	0.3	0.35	0.35	-0.05	0.37	0.94	-0.77	-0.02	0.73	-0.21	0.98	-0.58	-0.22	0.32	0.09	0.04	0.53	0.39	-0.07	-0.45	0.19	-0.4	0.42	0.37	0.38	-0.28	0.19	0.35	0.64	-0.64	-0.74	0.07	-0.11	-0.12	0.31	0.84
Cash and Equivalents	0.26	1.0		-0.35	-0.48	0.78	0.71	-0.35	-0.41	0.35	0.5	0.68	0.3	0.35	0.35	-0.07	0.37	0.95	-0.76	-0.05	0.73	-0.26	0.98	-0.57	-0.26	0.3	0.1	0.06	0.49	0.37	-0.1	-0.48	0.13	-0.44	0.4	0.35	0.37	-0.33	0.13	0.35	0.6	-0.69	-0.74	0.01	-0.17	-0.19	0.26	0.82
Total Debt	0.71	-0.29	-0.35		0.03	0.2	0.22	1.0	-0.04	-0.17	0.17	0.29	-0.21	-0.17	-0.17	0.33	-0.19	-0.43	-0.05	0.56	-0.48	0.82	-0.3	-0.03	0.68	-0.01	-0.28	-0.47	0.33	0.03	0.63	0.37	0.55	0.55	0.09	0.17	-0.01	0.94	0.83	-0.17	0.42	0.9	0.11	0.86	0.96	0.73	0.71	-0.14
Debt Current	-0.33	-0.49	-0.48	0.03		-0.57	-0.48	0.03	0.99	-0.2	0.03	-0.54	-0.66	-0.2	-0.2	-0.03	-0.21	-0.35	0.59	-0.11	-0.49	-0.18	-0.58	0.15	-0.27	-0.24	-0.27	0.34	-0.49	-0.27	-0.35	-0.03	-0.22	0.01	-0.09	-0.09	-0.28	-0.08	-0.24	-0.2	-0.43	0.18	0.57	-0.35	-0.08	-0.19	-0.33	-0.89
Deferred Revenue	0.73	0.8	0.78	0.2	-0.57		0.92	0.2	-0.55	0.26	0.48	0.93	0.15	0.26	0.26	0.16	0.26	0.72	-0.89	0.37	0.49	0.32	0.82	-0.57	0.27	0.34	-0.03	-0.38	0.79	0.43	0.42	-0.33	0.28	-0.18	0.45	0.47	0.39	0.25	0.67	0.26	0.95	-0.17	-0.77	0.57	0.4	0.18	0.73	0.8
Shareholders Equity	0.82	0.74	0.71	0.22	-0.48	0.92		0.21	-0.46	0.57	0.35	0.93	-0.07	0.57	0.57	-0.18	0.57	0.66	-0.95	0.15	0.51	0.46	0.77	-0.75	0.42	0.62	0.29	-0.54	0.81	0.69	0.56	-0.36	0.42	-0.1	0.71	0.71	0.67	0.33	0.64	0.57	0.9	-0.12	-0.85	0.62	0.38	0.28	0.82	0.7
Total Liabilities	0.7	-0.3	-0.35	1.0	0.03	0.2	0.21		-0.04	-0.18	0.16	0.28	-0.21	-0.18	-0.18	0.33	-0.19	-0.43	-0.05	0.56	-0.49	0.82	-0.31	-0.02	0.68	-0.01	-0.28	-0.48	0.32	0.02	0.63	0.37	0.53	0.55	0.08	0.17	-0.02	0.94	0.83	-0.18	0.42	0.9	0.1	0.86	0.96	0.72	0.7	-0.14
Current Liabilities	-0.37	-0.43	-0.41	-0.04	0.99	-0.55	-0.46	-0.04		-0.17	0.01	-0.53	-0.64	-0.17	-0.17	-0.05	-0.18	-0.27	0.55	-0.14	-0.45	-0.24	-0.52	0.14	-0.31	-0.23	-0.25	0.37	-0.5	-0.26	-0.39	-0.08	-0.27	-0.05	-0.08	-0.08	-0.27	-0.16	-0.29	-0.17	-0.42	0.09	0.53	-0.41	-0.15	-0.25	-0.37	-0.85
Consolidated Income	0.32	0.35	0.35	-0.17	-0.2	0.26	0.57	-0.18	-0.17		-0.16	0.4	-0.28	1.0	1.0	-0.9	1.0	0.42	-0.55	-0.65	0.43	0.18	0.42	-0.55	0.19	0.93	0.89	-0.35	0.33	0.9	0.28	-0.08	0.39	0.17	0.88	0.81	0.92	-0.01	-0.02	1.0	0.2	-0.22	-0.56	0.15	-0.16	0.24	0.32	0.31
Cost of Revenue	0.33	0.53	0.5	0.17	0.03	0.48	0.35	0.16	0.01	-0.16		0.54	0.06	-0.16	-0.16	0.42	-0.15	0.46	-0.2	0.3	0.45	-0.12	0.41	-0.33	-0.34	-0.08	-0.43	0.38	0.52	0.05	-0.24	-0.03	0.44	-0.09	0.13	0.19	0.0	0.07	0.44	-0.16	0.52	-0.05	-0.02	0.2	0.33	0.23	0.33	0.29
Gross Profit	0.79	0.72	0.68	0.29	-0.54	0.93	0.93	0.28	-0.53	0.4	0.54		0.05	0.4	0.4	0.04	0.4	0.64	-0.83	0.26	0.6	0.4	0.73	-0.63	0.31	0.51	0.12	-0.36	0.94	0.62	0.45	-0.13	0.52	0.02	0.6	0.64	0.58	0.37	0.72	0.4	0.94	-0.02	-0.66	0.65	0.49	0.44	0.79	0.74
Interest Expense	-0.19	0.3	0.3	-0.21	-0.66	0.15	-0.07	-0.21	-0.64	-0.28	0.06	0.05		-0.28	-0.28	0.31	-0.26	0.18	-0.1	-0.02	0.29	-0.27	0.35	0.33	-0.16	-0.42	-0.07	0.14	0.02	-0.38	-0.15	0.0	0.04	-0.3	-0.51	-0.54	-0.36	-0.26	-0.15	-0.28	-0.03	-0.29	-0.16	-0.11	-0.15	-0.16	-0.19	0.57
Net Income	0.32	0.35	0.35	-0.17	-0.2	0.26	0.57	-0.18	-0.17	1.0	-0.16	0.4	-0.28		1.0	-0.9	1.0	0.42	-0.55	-0.65	0.43	0.18	0.42	-0.55	0.19	0.93	0.89	-0.35	0.33	0.9	0.28	-0.08	0.39	0.17	0.88	0.81	0.92	-0.01	-0.02	1.0	0.2	-0.22	-0.56	0.15	-0.16	0.24	0.32	0.31
Net Income Common Stock	0.32	0.35	0.35	-0.17	-0.2	0.26	0.57	-0.18	-0.17	1.0	-0.16	0.4	-0.28	1.0		-0.9	1.0	0.42	-0.55	-0.65	0.43	0.18	0.42	-0.55	0.19	0.93	0.89	-0.35	0.33	0.9	0.28	-0.08	0.39	0.17	0.88	0.81	0.92	-0.01	-0.02	1.0	0.2	-0.22	-0.56	0.15	-0.16	0.24	0.32	0.31
Operating Expenses	0.02	-0.05	-0.07	0.33	-0.03	0.16	-0.18	0.33	-0.05	-0.9	0.42	0.04	0.31	-0.9	-0.9		-0.9	-0.15	0.22	0.83	-0.2	-0.01	-0.12	0.32	-0.07	-0.77	-0.91	0.22	0.08	-0.69	-0.11	0.05	-0.18	-0.16	-0.67	-0.57	-0.73	0.18	0.36	-0.9	0.23	0.23	0.31	0.14	0.4	-0.05	0.02	0.0
Operating Income	0.32	0.37	0.37	-0.19	-0.21	0.26	0.57	-0.19	-0.18	1.0	-0.15	0.4	-0.26	1.0	1.0	-0.9		0.43	-0.56	-0.65	0.44	0.17	0.44	-0.57	0.19	0.92	0.89	-0.35	0.34	0.9	0.28	-0.11	0.39	0.15	0.87	0.8	0.92	-0.02	-0.03	1.0	0.2	-0.23	-0.58	0.14	-0.17	0.23	0.32	0.33
Weighted Average Shares	0.18	0.94	0.95	-0.43	-0.35	0.72	0.66	-0.43	-0.27	0.42	0.46	0.64	0.18	0.42	0.42	-0.15	0.43		-0.7	-0.17	0.73	-0.34	0.93	-0.47	-0.35	0.35	0.15	0.12	0.45	0.41	-0.18	-0.41	0.07	-0.38	0.46	0.4	0.4	-0.43	0.05	0.42	0.54	-0.72	-0.68	-0.09	-0.25	-0.22	0.18	0.71
Capital Expenditure	-0.7	-0.77	-0.76	-0.05	0.59	-0.89	-0.95	-0.05	0.55	-0.55	-0.2	-0.83	-0.1	-0.55	-0.55	0.22	-0.56	-0.7		-0.08	-0.5	-0.36	-0.84	0.63	-0.4	-0.53	-0.34	0.59	-0.66	-0.58	-0.55	0.49	-0.27	0.26	-0.58	-0.54	-0.56	-0.17	-0.49	-0.55	-0.81	0.29	0.97	-0.5	-0.2	-0.06	-0.7	-0.78
Share Based Compensation	0.42	-0.02	-0.05	0.56	-0.11	0.37	0.15	0.56	-0.14	-0.65	0.3	0.26	-0.02	-0.65	-0.65	0.83	-0.65	-0.17	-0.08		-0.26	0.4	-0.08	-0.03	0.35	-0.42	-0.74	-0.22	0.28	-0.35	0.33	-0.08	-0.09	-0.05	-0.33	-0.22	-0.39	0.51	0.66	-0.65	0.51	0.4	0.03	0.5	0.63	0.11	0.42	0.07
Asset Turnover	0.09	0.73	0.73	-0.48	-0.49	0.49	0.51	-0.49	-0.45	0.43	0.45	0.6	0.29	0.43	0.43	-0.2	0.44	0.73	-0.5	-0.26		-0.29	0.73	-0.48	-0.3	0.41	0.35	0.16	0.63	0.5	-0.16	-0.23	0.22	-0.32	0.37	0.38	0.5	-0.35	-0.05	0.43	0.38	-0.59	-0.44	-0.11	-0.28	-0.01	0.09	0.69
Book Value per Share	0.82	-0.21	-0.26	0.82	-0.18	0.32	0.46	0.82	-0.24	0.18	-0.12	0.4	-0.27	0.18	0.18	-0.01	0.17	-0.34	-0.36	0.4	-0.29		-0.15	-0.26	0.94	0.31	0.16	-0.85	0.46	0.32	0.94	0.07	0.44	0.35	0.3	0.36	0.3	0.94	0.78	0.18	0.51	0.73	-0.26	0.91	0.82	0.6	0.82	0.02
Current Ratio	0.34	0.98	0.98	-0.3	-0.58	0.82	0.77	-0.31	-0.52	0.42	0.41	0.73	0.35	0.42	0.42	-0.12	0.44	0.93	-0.84	-0.08	0.73	-0.15		-0.55	-0.13	0.36	0.2	-0.08	0.54	0.43	0.04	-0.47	0.17	-0.41	0.43	0.37	0.42	-0.27	0.17	0.42	0.64	-0.64	-0.83	0.1	-0.13	-0.14	0.34	0.88
Debt to Equity Ratio	-0.56	-0.58	-0.57	-0.03	0.15	-0.57	-0.75	-0.02	0.14	-0.55	-0.33	-0.63	0.33	-0.55	-0.55	0.32	-0.57	-0.47	0.63	-0.03	-0.48	-0.26	-0.55		-0.18	-0.66	-0.27	0.25	-0.6	-0.73	-0.28	0.44	-0.23	0.14	-0.74	-0.77	-0.71	-0.18	-0.35	-0.55	-0.59	0.18	0.56	-0.33	-0.14	-0.2	-0.56	-0.42
Dividend Yield	0.7	-0.22	-0.26	0.68	-0.27	0.27	0.42	0.68	-0.31	0.19	-0.34	0.31	-0.16	0.19	0.19	-0.07	0.19	-0.35	-0.4	0.35	-0.3	0.94	-0.13	-0.18		0.27	0.25	-0.94	0.36	0.26	0.98	-0.05	0.28	0.22	0.2	0.24	0.25	0.81	0.63	0.19	0.42	0.61	-0.36	0.8	0.66	0.42	0.7	0.06
EBITDA Margin	0.45	0.32	0.3	-0.01	-0.24	0.34	0.62	-0.01	-0.23	0.93	-0.08	0.51	-0.42	0.93	0.93	-0.77	0.92	0.35	-0.53	-0.42	0.41	0.31	0.36	-0.66	0.27		0.76	-0.36	0.49	0.99	0.35	0.06	0.42	0.35	0.95	0.93	0.99	0.18	0.17	0.93	0.33	-0.04	-0.48	0.31	0.02	0.43	0.45	0.32
Earnings per Basic Share	0.09	0.09	0.1	-0.28	-0.27	-0.03	0.29	-0.28	-0.25	0.89	-0.43	0.12	-0.07	0.89	0.89	-0.91	0.89	0.15	-0.34	-0.74	0.35	0.16	0.2	-0.27	0.25	0.76		-0.38	0.14	0.71	0.29	-0.03	0.29	0.12	0.58	0.51	0.74	-0.07	-0.25	0.89	-0.1	-0.19	-0.42	0.01	-0.3	0.13	0.09	0.21
Free Cash Flow per Share	-0.69	0.04	0.06	-0.47	0.34	-0.38	-0.54	-0.48	0.37	-0.35	0.38	-0.36	0.14	-0.35	-0.35	0.22	-0.35	0.12	0.59	-0.22	0.16	-0.85	-0.08	0.25	-0.94	-0.36	-0.38		-0.34	-0.34	-0.97	0.24	-0.17	-0.05	-0.3	-0.29	-0.34	-0.63	-0.54	-0.35	-0.47	-0.35	0.59	-0.71	-0.47	-0.22	-0.69	-0.2
Gross Margin	0.75	0.53	0.49	0.33	-0.49	0.79	0.81	0.32	-0.5	0.33	0.52	0.94	0.02	0.33	0.33	0.08	0.34	0.45	-0.66	0.28	0.63	0.46	0.54	-0.6	0.36	0.49	0.14	-0.34		0.61	0.46	-0.03	0.55	0.07	0.52	0.62	0.57	0.46	0.7	0.33	0.86	0.12	-0.46	0.65	0.53	0.55	0.75	0.61
Profit Margin	0.52	0.39	0.37	0.03	-0.27	0.43	0.69	0.02	-0.26	0.9	0.05	0.62	-0.38	0.9	0.9	-0.69	0.9	0.41	-0.58	-0.35	0.5	0.32	0.43	-0.73	0.26	0.99	0.71	-0.34	0.61		0.35	0.03	0.48	0.31	0.95	0.95	1.0	0.21	0.25	0.9	0.43	-0.04	-0.5	0.36	0.09	0.48	0.52	0.38
Payout Ratio	0.8	-0.07	-0.1	0.63	-0.35	0.42	0.56	0.63	-0.39	0.28	-0.24	0.45	-0.15	0.28	0.28	-0.11	0.28	-0.18	-0.55	0.33	-0.16	0.94	0.04	-0.28	0.98	0.35	0.29	-0.97	0.46	0.35		-0.13	0.31	0.16	0.3	0.33	0.34	0.78	0.69	0.28	0.55	0.51	-0.5	0.84	0.64	0.4	0.8	0.2
Price to Book Value	-0.06	-0.45	-0.48	0.37	-0.03	-0.33	-0.36	0.37	-0.08	-0.08	-0.03	-0.13	0.0	-0.08	-0.08	0.05	-0.11	-0.41	0.49	-0.08	-0.23	0.07	-0.47	0.44	-0.05	0.06	-0.03	0.24	-0.03	0.03	-0.13		0.43	0.9	-0.01	0.04	0.03	0.27	0.07	-0.08	-0.27	0.58	0.59	0.17	0.27	0.68	-0.06	-0.21
Price to Earnings Ratio	0.59	0.19	0.13	0.55	-0.22	0.28	0.42	0.53	-0.27	0.39	0.44	0.52	0.04	0.39	0.39	-0.18	0.39	0.07	-0.27	-0.09	0.22	0.44	0.17	-0.23	0.28	0.42	0.29	-0.17	0.55	0.48	0.31	0.43		0.53	0.45	0.48	0.46	0.52	0.52	0.39	0.37	0.43	-0.12	0.61	0.56	0.8	0.59	0.27
Price to Sales Ratio	0.24	-0.4	-0.44	0.55	0.01	-0.18	-0.1	0.55	-0.05	0.17	-0.09	0.02	-0.3	0.17	0.17	-0.16	0.15	-0.38	0.26	-0.05	-0.32	0.35	-0.41	0.14	0.22	0.35	0.12	-0.05	0.07	0.31	0.16	0.9	0.53		0.32	0.36	0.31	0.49	0.28	0.17	-0.08	0.69	0.38	0.42	0.43	0.81	0.24	-0.2
Return on Average Assets	0.55	0.42	0.4	0.09	-0.09	0.45	0.71	0.08	-0.08	0.88	0.13	0.6	-0.51	0.88	0.88	-0.67	0.87	0.46	-0.58	-0.33	0.37	0.3	0.43	-0.74	0.2	0.95	0.58	-0.3	0.52	0.95	0.3	-0.01	0.45	0.32		0.98	0.94	0.21	0.3	0.88	0.46	-0.03	-0.5	0.37	0.13	0.44	0.55	0.29
Return on Average Equity	0.6	0.37	0.35	0.17	-0.09	0.47	0.71	0.17	-0.08	0.81	0.19	0.64	-0.54	0.81	0.81	-0.57	0.8	0.4	-0.54	-0.22	0.38	0.36	0.37	-0.77	0.24	0.93	0.51	-0.29	0.62	0.95	0.33	0.04	0.48	0.36	0.98		0.94	0.31	0.39	0.81	0.51	0.07	-0.42	0.44	0.24	0.53	0.6	0.27
Return on Sales	0.48	0.38	0.37	-0.01	-0.28	0.39	0.67	-0.02	-0.27	0.92	0.0	0.58	-0.36	0.92	0.92	-0.73	0.92	0.4	-0.56	-0.39	0.5	0.3	0.42	-0.71	0.25	0.99	0.74	-0.34	0.57	1.0	0.34	0.03	0.46	0.31	0.94	0.94		0.18	0.2	0.92	0.38	-0.07	-0.5	0.33	0.04	0.45	0.48	0.39
Sales per Share	0.79	-0.28	-0.33	0.94	-0.08	0.25	0.33	0.94	-0.16	-0.01	0.07	0.37	-0.26	-0.01	-0.01	0.18	-0.02	-0.43	-0.17	0.51	-0.35	0.94	-0.27	-0.18	0.81	0.18	-0.07	-0.63	0.46	0.21	0.78	0.27	0.52	0.49	0.21	0.31	0.18		0.84	-0.01	0.47	0.87	-0.02	0.92	0.94	0.74	0.79	-0.06
Average Assets	0.93	0.19	0.13	0.83	-0.24	0.67	0.64	0.83	-0.29	-0.02	0.44	0.72	-0.15	-0.02	-0.02	0.36	-0.03	0.05	-0.49	0.66	-0.05	0.78	0.17	-0.35	0.63	0.17	-0.25	-0.54	0.7	0.25	0.69	0.07	0.52	0.28	0.3	0.39	0.2	0.84		-0.02	0.83	0.59	-0.3	0.94	0.93	0.62	0.93	0.28
Earnings before Tax	0.32	0.35	0.35	-0.17	-0.2	0.26	0.57	-0.18	-0.17	1.0	-0.16	0.4	-0.28	1.0	1.0	-0.9	1.0	0.42	-0.55	-0.65	0.43	0.18	0.42	-0.55	0.19	0.93	0.89	-0.35	0.33	0.9	0.28	-0.08	0.39	0.17	0.88	0.81	0.92	-0.01	-0.02		0.2	-0.22	-0.56	0.15	-0.16	0.24	0.32	0.31
Average Equity	0.85	0.64	0.6	0.42	-0.43	0.95	0.9	0.42	-0.42	0.2	0.52	0.94	-0.03	0.2	0.2	0.23	0.2	0.54	-0.81	0.51	0.38	0.51	0.64	-0.59	0.42	0.33	-0.1	-0.47	0.86	0.43	0.55	-0.27	0.37	-0.08	0.46	0.51	0.38	0.47	0.83	0.2		0.07	-0.65	0.72	0.61	0.33	0.85	0.62
Enterprise Value	0.44	-0.64	-0.69	0.9	0.18	-0.17	-0.12	0.9	0.09	-0.22	-0.05	-0.02	-0.29	-0.22	-0.22	0.23	-0.23	-0.72	0.29	0.4	-0.59	0.73	-0.64	0.18	0.61	-0.04	-0.19	-0.35	0.12	-0.04	0.51	0.58	0.43	0.69	-0.03	0.07	-0.07	0.87	0.59	-0.22	0.07		0.42	0.67	0.81	0.74	0.44	-0.42
Free Cash Flow	-0.54	-0.74	-0.74	0.11	0.57	-0.77	-0.85	0.1	0.53	-0.56	-0.02	-0.66	-0.16	-0.56	-0.56	0.31	-0.58	-0.68	0.97	0.03	-0.44	-0.26	-0.83	0.56	-0.36	-0.48	-0.42	0.59	-0.46	-0.5	-0.5	0.59	-0.12	0.38	-0.5	-0.42	-0.5	-0.02	-0.3	-0.56	-0.65	0.42		-0.34	-0.01	0.14	-0.54	-0.75
Invested Capital	0.94	0.07	0.01	0.86	-0.35	0.57	0.62	0.86	-0.41	0.15	0.2	0.65	-0.11	0.15	0.15	0.14	0.14	-0.09	-0.5	0.5	-0.11	0.91	0.1	-0.33	0.8	0.31	0.01	-0.71	0.65	0.36	0.84	0.17	0.61	0.42	0.37	0.44	0.33	0.92	0.94	0.15	0.72	0.67	-0.34		0.91	0.73	0.94	0.29
Invested Capital Average	0.8	-0.11	-0.17	0.96	-0.08	0.4	0.38	0.96	-0.15	-0.16	0.33	0.49	-0.15	-0.16	-0.16	0.4	-0.17	-0.25	-0.2	0.63	-0.28	0.82	-0.13	-0.14	0.66	0.02	-0.3	-0.47	0.53	0.09	0.64	0.27	0.56	0.43	0.13	0.24	0.04	0.94	0.93	-0.16	0.61	0.81	-0.01	0.91		0.72	0.8	0.02
Market Capitalization	0.6	-0.12	-0.19	0.73	-0.19	0.18	0.28	0.72	-0.25	0.24	0.23	0.44	-0.16	0.24	0.24	-0.05	0.23	-0.22	-0.06	0.11	-0.01	0.6	-0.14	-0.2	0.42