Agilent Enterprise Value vs Invested Capital Analysis
A Stock | USD 139.20 5.29 3.95% |
Agilent Technologies financial indicator trend analysis is way more than just evaluating Agilent Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agilent Technologies is a good investment. Please check the relationship between Agilent Technologies Enterprise Value and its Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agilent Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Agilent Stock refer to our How to Trade Agilent Stock guide.
Enterprise Value vs Invested Capital
Enterprise Value vs Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agilent Technologies Enterprise Value account and Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Agilent Technologies' Enterprise Value and Invested Capital is 0.41. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Agilent Technologies, assuming nothing else is changed. The correlation between historical values of Agilent Technologies' Enterprise Value and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of Agilent Technologies are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Enterprise Value i.e., Agilent Technologies' Enterprise Value and Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Enterprise Value
Enterprise Value (or EV) is usually referred to as Agilent Technologies theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Agilent Technologies debt, but would also pocket its cash. Enterprise Value is more accurate representation of Agilent Technologies value than its market capitalization because it takes into account all of Agilent Technologies existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Agilent Technologies. There are two different methods for calculating Agilent Technologies invested capital: operating approach and financing approach. Understanding Agilent Technologies invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Most indicators from Agilent Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agilent Technologies 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Agilent Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Agilent Stock refer to our How to Trade Agilent Stock guide.At present, Agilent Technologies' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.33, whereas Selling General Administrative is forecasted to decline to about 1.4 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 84M | 95M | 85.5M | 81.2M | Depreciation And Amortization | 287M | 271M | 243.9M | 263.3M |
Agilent Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Agilent Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Agilent Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.6B | 10.7B | 10.5B | 10.8B | 12.4B | 9.3B | |
Other Current Liab | 652M | 769M | 784M | 634M | 570.6M | 635.2M | |
Total Current Liabilities | 1.5B | 1.7B | 1.9B | 1.6B | 1.4B | 1.4B | |
Total Stockholder Equity | 4.9B | 5.4B | 5.3B | 5.8B | 6.7B | 4.7B | |
Property Plant And Equipment Net | 845M | 945M | 1.1B | 1.3B | 1.1B | 863.9M | |
Non Current Assets Total | 6.2B | 6.9B | 6.7B | 6.6B | 7.6B | 4.6B | |
Non Currrent Assets Other | 201M | 396M | 511M | 424M | 381.6M | 586.7M | |
Net Receivables | 1.0B | 1.2B | 1.4B | 1.3B | 1.2B | 797.6M | |
Common Stock Shares Outstanding | 312M | 307M | 300M | 296M | 266.4M | 305.0M | |
Liabilities And Stockholders Equity | 9.6B | 10.7B | 10.5B | 10.8B | 12.4B | 9.3B | |
Non Current Liabilities Total | 3.3B | 3.6B | 3.4B | 3.3B | 3.8B | 2.7B | |
Inventory | 720M | 830M | 1.0B | 1.0B | 927.9M | 740.7M | |
Other Current Assets | 216M | 222M | 282M | 274M | 246.6M | 283.8M | |
Other Stockholder Equity | 5.3B | 5.3B | 5.3B | 5.4B | 4.8B | 5.1B | |
Total Liab | 4.8B | 5.3B | 5.2B | 4.9B | 5.7B | 4.5B | |
Property Plant And Equipment Gross | 845M | 2.1B | 2.2B | 2.5B | 2.9B | 3.0B | |
Total Current Assets | 3.4B | 3.8B | 3.8B | 4.2B | 3.8B | 3.4B | |
Accumulated Other Comprehensive Income | (522M) | (282M) | (363M) | (327M) | (294.3M) | (309.0M) | |
Current Deferred Revenue | 386M | 441M | 461M | 505M | 580.8M | 364.3M | |
Short Long Term Debt Total | 2.4B | 2.7B | 2.8B | 2.7B | 3.1B | 2.2B | |
Other Liab | 876M | 879M | 633M | 462M | 531.3M | 776.8M | |
Net Debt | 918M | 1.2B | 1.7B | 1.1B | 1.3B | 1.4B | |
Retained Earnings | 81M | 348M | 324M | 782M | 899.3M | 854.3M | |
Cash | 1.4B | 1.5B | 1.1B | 1.6B | 1.8B | 2.2B | |
Other Assets | 601M | 820M | 670M | 554M | 498.6M | 642.3M | |
Cash And Short Term Investments | 1.4B | 1.6B | 1.1B | 1.6B | 1.8B | 2.2B | |
Good Will | 4.4B | 5.0B | 4.8B | 4.0B | 4.6B | 2.4B | |
Short Term Debt | 75M | 52M | 36M | 46M | 41.4M | 39.3M | |
Intangible Assets | 831M | 981M | 821M | 475M | 546.3M | 652.9M | |
Property Plant Equipment | 845M | 945M | 1.1B | 1.4B | 1.3B | 845.4M | |
Long Term Debt | 2.3B | 2.7B | 2.7B | 2.7B | 3.1B | 2.3B | |
Long Term Debt Total | 2.3B | 2.7B | 2.7B | 2.7B | 3.1B | 2.3B | |
Net Tangible Assets | 440M | 433M | 516M | 1.4B | 1.3B | 953.5M |
Pair Trading with Agilent Technologies
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 Agilent Technologies 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 Agilent Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Agilent Stock
0.79 | BMY | Bristol Myers Squibb Earnings Call Tomorrow | PairCorr |
0.86 | CRL | Charles River Labora Financial Report 9th of May 2024 | PairCorr |
Moving against Agilent Stock
0.43 | ITCI | Intracellular Th Financial Report 2nd of May 2024 | PairCorr |
0.41 | EVO | Evotec SE ADR Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Agilent Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agilent Technologies 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 Agilent Technologies - 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 Agilent Technologies to buy it.
The correlation of Agilent Technologies 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 Agilent Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agilent Technologies 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 Agilent Technologies 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Agilent Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Agilent Stock refer to our How to Trade Agilent Stock guide.Note that the Agilent Technologies information on this page should be used as a complementary analysis to other Agilent Technologies' 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Agilent Technologies' price analysis, check to measure Agilent Technologies' 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 Agilent Technologies is operating at the current time. Most of Agilent Technologies' value examination focuses on studying past and present price action to predict the probability of Agilent Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agilent Technologies' price. Additionally, you may evaluate how the addition of Agilent Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Agilent Technologies' 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 Agilent Technologies. If investors know Agilent 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 Agilent Technologies 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 (0.01) | Dividend Share 0.911 | Earnings Share 4.18 | Revenue Per Share 22.967 | Quarterly Revenue Growth (0.06) |
The market value of Agilent Technologies is measured differently than its book value, which is the value of Agilent that is recorded on the company's balance sheet. Investors also form their own opinion of Agilent Technologies' value that differs from its market value or its book value, called intrinsic value, which is Agilent Technologies' 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 Agilent Technologies' market value can be influenced by many factors that don't directly affect Agilent Technologies' 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 Agilent Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Agilent Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agilent Technologies' 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.