Berry Return on Average Assets vs Direct Expenses Analysis

BERY Stock  USD 60.48  1.25  2.11%   
Trend analysis of Berry Global Group balance sheet accounts such as Total Assets of 11.1 B, Other Current Liabilities of 3.3 B or Total Current Liabilities of 1.6 B provides information on Berry Global's total assets, liabilities, and equity, which is the actual value of Berry Global Group to its prevalent stockholders. By breaking down trends over time using Berry Global balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Berry Global Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

About Berry Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Berry Global Group at a specified time, usually calculated after every quarter, six months, or one year. Berry Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Berry Global and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Berry currently owns. An asset can also be divided into two categories, current and non-current.

Berry Global Balance Sheet Chart

Berry Global Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Berry Global Group uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Berry Global's Other Current Liabilities is fairly stable compared to the past year. Cash is likely to rise to about 1.5 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 123.8 M in 2024.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of Berry Global assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Berry Global Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Berry Global balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Berry Global Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Berry Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Berry Global Group 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 Berry Global Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Berry Global's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 11.32 in 2024, whereas Selling General Administrative is likely to drop slightly above 579.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense286M306M351.9M324.9M
Depreciation And Amortization820M818M940.7M509.9M

Berry Global fundamental ratios Correlations

0.50.360.470.570.470.430.190.460.510.460.390.49-0.22-0.130.520.440.510.520.420.480.5-0.210.470.48-0.13
0.50.620.970.890.950.850.850.971.00.960.560.990.64-0.180.990.970.870.990.940.891.0-0.470.860.99-0.18
0.360.620.650.550.630.730.550.580.620.630.380.610.32-0.610.660.570.750.610.540.730.62-0.370.730.62-0.61
0.470.970.650.890.990.880.860.90.960.990.540.950.54-0.190.950.880.890.940.830.910.95-0.550.880.98-0.19
0.570.890.550.890.910.760.830.860.880.90.520.890.53-0.070.830.850.770.870.820.790.88-0.310.770.91-0.07
0.470.950.630.990.910.870.890.870.931.00.470.920.53-0.170.920.850.880.910.80.890.92-0.540.870.98-0.17
0.430.850.730.880.760.870.750.790.840.880.460.830.45-0.570.840.780.970.830.730.980.84-0.771.00.87-0.57
0.190.850.550.860.830.890.750.830.820.90.310.850.7-0.120.790.820.720.790.790.750.83-0.370.740.88-0.12
0.460.970.580.90.860.870.790.830.980.90.510.990.71-0.180.961.00.80.980.990.820.99-0.360.80.95-0.18
0.511.00.620.960.880.930.840.820.980.950.560.990.64-0.190.990.970.861.00.950.881.0-0.440.840.98-0.19
0.460.960.630.990.91.00.880.90.90.950.50.940.56-0.190.940.880.890.930.830.90.94-0.550.880.99-0.19
0.390.560.380.540.520.470.460.310.510.560.50.570.25-0.140.550.530.450.590.510.490.56-0.230.470.49-0.14
0.490.990.610.950.890.920.830.850.990.990.940.570.67-0.180.980.990.840.990.960.861.0-0.420.830.98-0.18
-0.220.640.320.540.530.530.450.70.710.640.560.250.67-0.090.580.730.440.640.760.470.66-0.040.420.63-0.09
-0.13-0.18-0.61-0.19-0.07-0.17-0.57-0.12-0.18-0.19-0.19-0.14-0.18-0.09-0.21-0.19-0.55-0.2-0.18-0.53-0.20.47-0.56-0.191.0
0.520.990.660.950.830.920.840.790.960.990.940.550.980.58-0.210.950.860.990.920.870.99-0.490.850.97-0.21
0.440.970.570.880.850.850.780.821.00.970.880.530.990.73-0.190.950.790.980.990.820.98-0.350.790.94-0.19
0.510.870.750.890.770.880.970.720.80.860.890.450.840.44-0.550.860.790.850.751.00.86-0.680.980.89-0.55
0.520.990.610.940.870.910.830.790.981.00.930.590.990.64-0.20.990.980.850.960.871.0-0.420.830.97-0.2
0.420.940.540.830.820.80.730.790.990.950.830.510.960.76-0.180.920.990.750.960.770.96-0.260.730.9-0.18
0.480.890.730.910.790.890.980.750.820.880.90.490.860.47-0.530.870.821.00.870.770.88-0.680.980.9-0.53
0.51.00.620.950.880.920.840.830.991.00.940.561.00.66-0.20.990.980.861.00.960.88-0.430.840.98-0.2
-0.21-0.47-0.37-0.55-0.31-0.54-0.77-0.37-0.36-0.44-0.55-0.23-0.42-0.040.47-0.49-0.35-0.68-0.42-0.26-0.68-0.43-0.77-0.490.47
0.470.860.730.880.770.871.00.740.80.840.880.470.830.42-0.560.850.790.980.830.730.980.84-0.770.87-0.56
0.480.990.620.980.910.980.870.880.950.980.990.490.980.63-0.190.970.940.890.970.90.90.98-0.490.87-0.19
-0.13-0.18-0.61-0.19-0.07-0.17-0.57-0.12-0.18-0.19-0.19-0.14-0.18-0.091.0-0.21-0.19-0.55-0.2-0.18-0.53-0.20.47-0.56-0.19
Click cells to compare fundamentals

Berry Global Account Relationship Matchups

Berry Global fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding135.1M138.3M132.8M123M141.5M123.8M
Total Assets16.7B17.9B17.0B16.6B19.1B11.1B
Other Current Liab669M3.2B316M2.7B3.1B3.3B
Total Current Liabilities2.2B3.2B2.8B2.7B3.1B1.6B
Other Liab1.3B2.1B1.7B1.0B1.2B901.5M
Accounts Payable1.1B2.0B1.8B1.5B1.8B917.7M
Other Assets91M217M175M125M143.8M93.7M
Long Term Debt10.0B9.4B9.3B9.0B10.3B7.1B
Good Will5.2B5.2B4.8B5.0B5.7B3.4B
Inventory1.3B1.9B1.8B1.6B1.8B1.1B
Other Current Assets330M217M175M205M235.8M173.9M
Total Liab14.6B14.7B13.8B13.4B15.4B9.9B
Intangible Assets2.5B2.2B1.9B1.7B2.0B1.7B
Property Plant Equipment4.6B4.7B4.3B5.2B6.0B3.0B
Short Long Term Debt Total10.7B9.5B9.3B9.0B10.3B7.4B
Total Stockholder Equity2.1B3.2B3.2B3.2B3.7B3.9B
Property Plant And Equipment Net5.1B4.7B4.3B4.6B5.3B3.1B
Net Debt10.0B8.4B7.8B7.8B8.9B6.8B
Retained Earnings1.6B2.3B2.4B2.3B2.7B2.8B
Non Current Assets Total12.9B12.8B11.8B12.1B13.9B8.5B
Non Currrent Assets Other91M115M(865M)(617M)(555.3M)(527.5M)
Net Receivables1.5B1.9B1.8B1.6B1.8B1.1B
Liabilities And Stockholders Equity16.7B17.9B17.0B16.6B19.1B11.5B
Non Current Liabilities Total12.4B11.5B10.9B10.7B12.3B8.6B
Other Stockholder Equity1.0B1.1B1.2B1.2B1.4B763.9M
Property Plant And Equipment Gross5.1B4.7B9.0B9.9B11.4B11.9B
Total Current Assets3.8B5.1B5.2B4.5B5.2B3.0B
Accumulated Other Comprehensive Income(551M)(296M)(403M)(336M)(302.4M)(317.5M)
Short Term Debt75M21M13M10M9M8.6M
Net Tangible Assets(6.2B)(5.6B)(4.3B)(3.5B)(3.1B)(3.3B)
Current Deferred Revenue324M(2.1B)707M(1.5B)(1.4B)(1.3B)
Long Term Debt Total11.3B10.2B9.4B9.2B10.6B7.6B
Capital Surpluse949M1.0B1.1B1.2B1.4B807.1M
Non Current Liabilities Other1.7B1.5B1.7B1.7B1.9B2.0B

Berry Global Investors Sentiment

The influence of Berry Global's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Berry. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Berry Global's public news can be used to forecast risks associated with an investment in Berry. The trend in average sentiment can be used to explain how an investor holding Berry can time the market purely based on public headlines and social activities around Berry Global Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Berry Global's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Berry Global's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Berry Global's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Berry Global.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Berry Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Berry Global's short interest history, or implied volatility extrapolated from Berry Global options trading.

Pair Trading with Berry Global

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 Berry Global 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 Berry Global will appreciate offsetting losses from the drop in the long position's value.

Moving against Berry Stock

  0.87REYN Reynolds Consumer Financial Report 8th of May 2024 PairCorr
  0.8KRT Karat Packaging Financial Report 8th of May 2024 PairCorr
  0.77BALL Ball Financial Report 2nd of May 2024 PairCorr
  0.74AVY Avery Dennison Corp Financial Report 24th of April 2024 PairCorr
  0.65MGIH Millennium Group IntPairCorr
The ability to find closely correlated positions to Berry Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Berry Global 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 Berry Global - 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 Berry Global Group to buy it.
The correlation of Berry Global 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 Berry Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Berry Global Group 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 Berry Global 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
When determining whether Berry Global Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Berry Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Berry Global Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Berry Global Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Berry Global Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Berry Stock analysis

When running Berry Global's price analysis, check to measure Berry Global'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 Berry Global is operating at the current time. Most of Berry Global's value examination focuses on studying past and present price action to predict the probability of Berry Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Berry Global's price. Additionally, you may evaluate how the addition of Berry Global to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Is Berry Global'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 Berry Global. If investors know Berry 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 Berry Global 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
(0.41)
Dividend Share
1.025
Earnings Share
4.6
Revenue Per Share
105.501
Quarterly Revenue Growth
(0.07)
The market value of Berry Global Group is measured differently than its book value, which is the value of Berry that is recorded on the company's balance sheet. Investors also form their own opinion of Berry Global's value that differs from its market value or its book value, called intrinsic value, which is Berry Global'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 Berry Global's market value can be influenced by many factors that don't directly affect Berry Global'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 Berry Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Berry Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Berry Global'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.