Alliance Enterprise Value vs Net Income Analysis
ARLP Stock | USD 21.18 0.01 0.05% |
Alliance Resource financial indicator trend analysis is way more than just evaluating Alliance Resource prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alliance Resource is a good investment. Please check the relationship between Alliance Resource Enterprise Value and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alliance Resource Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Enterprise Value vs Net Income
Enterprise Value vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliance Resource Enterprise Value account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Alliance Resource's Enterprise Value and Net Income is 0.58. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Net Income in the same time period over historical financial statements of Alliance Resource Partners, assuming nothing else is changed. The correlation between historical values of Alliance Resource's Enterprise Value and Net Income 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 Alliance Resource Partners are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Enterprise Value i.e., Alliance Resource's Enterprise Value and Net Income go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Enterprise Value
Enterprise Value (or EV) is usually referred to as Alliance Resource theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Alliance Resource debt, but would also pocket its cash. Enterprise Value is more accurate representation of Alliance Resource value than its market capitalization because it takes into account all of Alliance Resource Partners 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Alliance Resource financial statement analysis. It represents the amount of money remaining after all of Alliance Resource Partners operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Alliance Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliance Resource 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 Alliance Resource Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. As of 04/25/2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Selling General Administrative is likely to drop slightly above 54.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 39.2M | 37.3M | 42.8M | 29.6M | Depreciation And Amortization | 261.4M | 273.8M | 268.0M | 188.2M |
Alliance Resource fundamental ratios Correlations
Click cells to compare fundamentals
Alliance Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alliance Resource fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.6B | 2.2B | 2.2B | 1.0B | 2.8B | 1.5B | |
Short Long Term Debt Total | 809.5M | 609.8M | 450.7M | 434.3M | 350.8M | 512.4M | |
Total Current Liabilities | 195.6M | 214.6M | 177.6M | 255.6M | 227.5M | 199.6M | |
Total Stockholder Equity | 1.3B | 1.1B | 1.2B | 1.6B | 1.8B | 1.9B | |
Net Debt | 773.0M | 554.2M | 328.3M | 138.3M | 291.0M | 425.0M | |
Non Current Assets Total | 2.3B | 1.9B | 1.8B | 1.9B | 2.3B | 1.3B | |
Non Currrent Assets Other | 23.5M | 16.6M | 76.6M | (35.8M) | 89.9M | 94.4M | |
Other Assets | 75.5M | 73.4M | 76.6M | (1.5B) | (1.4B) | (1.3B) | |
Common Stock Shares Outstanding | 130.8M | 128.1M | 127.2M | 127.2M | 127.2M | 99.2M | |
Liabilities And Stockholders Equity | 2.6B | 2.2B | 934.6M | 2.7B | 2.8B | 1.5B | |
Non Current Liabilities Total | 1.1B | 879.1M | 755.8M | 764.4M | 702.4M | 630.4M | |
Other Stockholder Equity | (1.4B) | (1.2B) | 65.2M | (1.7B) | (1.5B) | (1.5B) | |
Total Liab | 1.3B | 1.1B | 933.3M | 1.0B | 929.8M | 877.5M | |
Short Term Debt | 24.8M | 75.8M | 18.7M | 25.0M | 20.3M | 19.3M | |
Other Current Liab | 21.1M | 21.9M | 71.5M | 135.5M | 98.9M | 97.6M | |
Property Plant And Equipment Net | 2.0B | 1.8B | 1.7B | 1.8B | 1.2B | 1.1B | |
Accounts Payable | 80.6M | 47.5M | 69.6M | 95.1M | 108.3M | 70.2M | |
Cash | 36.5M | 55.6M | 122.4M | 296.0M | 59.8M | 90.9M | |
Cash And Short Term Investments | 36.5M | 55.6M | 122.4M | 296.0M | 59.8M | 100.2M | |
Net Receivables | 161.9M | 108.1M | 130.2M | 247.2M | 292.3M | 306.9M | |
Short Term Investments | 626.0M | 624.0M | 653.6M | 744.7M | 856.4M | 899.3M | |
Inventory | 101.3M | 56.4M | 60.3M | 77.3M | 127.6M | 133.9M | |
Other Current Assets | 18.0M | 21.6M | 26.3M | 26.7M | 36.5M | 38.3M | |
Property Plant And Equipment Gross | 2.0B | 1.8B | 3.6B | 3.9B | 4.2B | 4.4B | |
Total Current Assets | 319.6M | 245.8M | 339.2M | 654.8M | 516.1M | 309.4M | |
Accumulated Other Comprehensive Income | 1.3B | 1.1B | (64.2M) | 1.7B | (61.5M) | (58.4M) | |
Other Liab | 341.0M | 345.2M | 323.8M | 355.1M | 408.4M | 224.4M | |
Current Deferred Revenue | (138.7M) | 69.2M | 69.4M | 71.9M | 64.7M | 67.9M | |
Long Term Debt | 768.2M | 519.4M | 418.9M | 397.2M | 316.8M | 468.0M | |
Common Stock | 1.3B | 1.1B | 1.3B | 1.7B | 1.9B | 2.0B | |
Property Plant Equipment | 2.0B | 1.8B | 1.7B | 1.8B | 2.1B | 1.2B | |
Intangible Assets | 16.1M | 9.3M | 136.4M | 4.4M | 5.0M | 4.8M | |
Net Tangible Assets | 1.1B | 1.1B | 1.2B | 1.6B | 1.9B | 1.1B | |
Long Term Debt Total | 768.2M | 519.4M | 418.9M | 397.2M | 357.5M | 488.3M | |
Capital Lease Obligations | 28.2M | 17.2M | 15.6M | 12.1M | 13.7M | 13.0M | |
Non Current Liabilities Other | 357.5M | 359.7M | 22.3M | 124.9M | 18.4M | 17.5M | |
Long Term Investments | 28.5M | 27.3M | 26.3M | 91.4M | 139.0M | 87.0M |
Pair Trading with Alliance Resource
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 Alliance Resource 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 Alliance Resource will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Alliance Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alliance Resource 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 Alliance Resource - 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 Alliance Resource Partners to buy it.
The correlation of Alliance Resource 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 Alliance Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alliance Resource 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 Alliance Resource 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 Alliance Resource Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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When running Alliance Resource's price analysis, check to measure Alliance Resource'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 Alliance Resource is operating at the current time. Most of Alliance Resource's value examination focuses on studying past and present price action to predict the probability of Alliance Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alliance Resource's price. Additionally, you may evaluate how the addition of Alliance Resource to your portfolios can decrease your overall portfolio volatility.
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Is Alliance Resource'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 Alliance Resource. If investors know Alliance 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 Alliance Resource 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 (0.45) | Dividend Share 2.8 | Earnings Share 4.81 | Revenue Per Share 20.182 | Quarterly Revenue Growth (0.11) |
The market value of Alliance Resource is measured differently than its book value, which is the value of Alliance that is recorded on the company's balance sheet. Investors also form their own opinion of Alliance Resource's value that differs from its market value or its book value, called intrinsic value, which is Alliance Resource'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 Alliance Resource's market value can be influenced by many factors that don't directly affect Alliance Resource'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 Alliance Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliance Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliance Resource'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.