Business Earning Assets vs Net Invested Capital Analysis
BFST Stock | USD 21.51 0.21 0.99% |
Business First financial indicator trend analysis is way more than just evaluating Business First Bancshares prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Business First Bancshares is a good investment. Please check the relationship between Business First Earning Assets and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Business First Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Earning Assets vs Net Invested Capital
Earning Assets vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Business First Bancshares Earning Assets account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Business First's Earning Assets and Net Invested Capital is 0.77. Overlapping area represents the amount of variation of Earning Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Business First Bancshares, assuming nothing else is changed. The correlation between historical values of Business First's Earning Assets and Net 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 Earning Assets of Business First Bancshares are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Earning Assets i.e., Business First's Earning Assets and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Earning Assets
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Business First's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Business First Bancshares 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 Business First Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Business First's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 21 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 84.55 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 186.6M | 227.5M | 386.9M | 406.2M | Total Revenue | 186.6M | 227.5M | 385.6M | 404.9M |
Business First fundamental ratios Correlations
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Business First Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Business First fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.3B | 4.2B | 4.7B | 6.0B | 6.6B | 6.9B | |
Total Current Liabilities | 1.4M | 1.5M | 7.5M | 2.1M | 5.1B | 5.3B | |
Total Stockholder Equity | 285.1M | 410.0M | 433.4M | 580.5M | 644.3M | 676.5M | |
Property Plant And Equipment Net | 29.3M | 58.6M | 58.2M | 63.2M | 69.5M | 73.0M | |
Net Debt | 28.6M | (65.0M) | 100.1M | 373.1M | 430.1M | 451.6M | |
Retained Earnings | 56.7M | 79.2M | 121.9M | 164.0M | 216.1M | 226.9M | |
Cash | 89.4M | 149.1M | 68.4M | 152.7M | 226.1M | 237.4M | |
Non Current Assets Total | 375.2M | 775.5M | 1.2B | 1.1B | 6.2B | 6.5B | |
Non Currrent Assets Other | (2.1M) | (17.3M) | (18.2M) | (42.9M) | 5.9B | 6.2B | |
Other Assets | 1.5B | 2.6B | 2.4B | 3.8B | 4.4B | 4.6B | |
Cash And Short Term Investments | 367.6M | 789.7M | 1.1B | 1.0B | (226.1M) | (214.8M) | |
Common Stock Shares Outstanding | 13.7M | 18.2M | 20.6M | 22.8M | 25.3M | 14.1M | |
Non Current Liabilities Total | 118M | 79.1M | 168.4M | 2.1M | 862.3M | 905.4M | |
Other Stockholder Equity | 212.5M | 299.5M | 292.3M | 393.7M | 397.4M | 210.3M | |
Total Liab | 2.0B | 3.8B | 4.3B | 5.4B | 6.0B | 6.2B | |
Total Current Assets | 375.6M | 813.6M | 1.1B | 1.1B | 408.8M | 695.8M | |
Common Stock | 13.3M | 20.6M | 20.4M | 25.1M | 25.4M | 14.5M | |
Short Long Term Debt Total | 118M | 84.2M | 168.5M | 525.9M | 656.2M | 689.0M | |
Liabilities And Stockholders Equity | 2.3B | 4.2B | 4.7B | 6.0B | 6.6B | 6.9B | |
Accumulated Other Comprehensive Income | 2.6M | 10.6M | (1.2M) | (74.2M) | (66.6M) | (63.3M) | |
Other Liab | 6.0M | 25.2M | 26.8M | 9.8M | 11.2M | 11.2M | |
Net Tangible Assets | 229.9M | 346.4M | 361.3M | 406.0M | 466.9M | 245.3M | |
Accounts Payable | 1.5M | 2.5M | 1.4M | 2.1M | 14.8M | 14.1M | |
Long Term Debt | 118M | 31M | 168.4M | 525.8M | 616.2M | 647.0M | |
Net Receivables | 8.0M | 23.9M | 19.6M | 25.7M | 29.9M | 28.4M | |
Short Term Investments | 278.2M | 640.6M | 1.0B | 890.8M | 879.6M | 515.1M | |
Inventory | (162.8M) | (356.2M) | (316.4M) | (195.4M) | (4.8B) | (4.5B) | |
Other Current Assets | 162.8M | 356.2M | 316.4M | 195.4M | 408.8M | 457.2M | |
Long Term Investments | 290.8M | 3.6B | 1.0B | 928.2M | 913.5M | 856.3M | |
Short Long Term Debt | 10M | 5.0M | 20K | 9K | 8.1K | 7.7K | |
Short Term Debt | 78.0M | 5.0M | 20K | 9K | 323.3M | 339.5M | |
Property Plant Equipment | 29.3M | 58.6M | 58.2M | 63.2M | 72.7M | 76.3M | |
Other Current Liab | (1.4M) | (1.5M) | (7.5M) | (2.1M) | 4.8B | 5.0B | |
Current Deferred Revenue | (917.0M) | (35.9M) | (76.5M) | (14.8M) | (17.1M) | (17.9M) | |
Good Will | 48.5M | 53.9M | 59.9M | 88.5M | 88.4M | 49.6M | |
Common Stock Total Equity | 13.3M | 20.6M | 20.4M | 25.1M | 28.9M | 16.1M | |
Retained Earnings Total Equity | 56.7M | 79.2M | 121.9M | 164.0M | 188.5M | 198.0M | |
Capital Surpluse | 212.5M | 299.5M | 292.3M | 393.7M | 452.7M | 237.3M | |
Property Plant And Equipment Gross | 29.3M | 58.6M | 97.0M | 111.4M | 120.1M | 126.2M | |
Non Current Liabilities Other | 180.2M | 100.2M | 132.9M | 462.7M | 532.1M | 558.8M |
Pair Trading with Business First
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 Business First 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 Business First will appreciate offsetting losses from the drop in the long position's value.Moving against Business Stock
0.48 | TECTP | Tectonic Financial | PairCorr |
The ability to find closely correlated positions to Business First could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Business First 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 Business First - 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 Business First Bancshares to buy it.
The correlation of Business First 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 Business First moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Business First Bancshares 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 Business First 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 Business First Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Business Stock analysis
When running Business First's price analysis, check to measure Business First'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 Business First is operating at the current time. Most of Business First's value examination focuses on studying past and present price action to predict the probability of Business First's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Business First's price. Additionally, you may evaluate how the addition of Business First to your portfolios can decrease your overall portfolio volatility.
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Is Business First'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 Business First. If investors know Business 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 Business First 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 (0.11) | Dividend Share 0.54 | Earnings Share 2.53 | Revenue Per Share 9.918 | Quarterly Revenue Growth 0.031 |
The market value of Business First Bancshares is measured differently than its book value, which is the value of Business that is recorded on the company's balance sheet. Investors also form their own opinion of Business First's value that differs from its market value or its book value, called intrinsic value, which is Business First'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 Business First's market value can be influenced by many factors that don't directly affect Business First'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 Business First's value and its price as these two are different measures arrived at by different means. Investors typically determine if Business First is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Business First'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.