Commercial Free Cash Flow vs Operating Income Analysis

CMC Stock

USD 55.28 0.59 1.06%

Commercial Metals financial indicator trend analysis is way more than just evaluating Commercial Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commercial Metals is a good investment. Please check the relationship between Commercial Metals Free Cash Flow and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.

Free Cash Flow vs Operating Income

Free Cash Flow vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commercial Metals Free Cash Flow account and Operating Income. At this time, the significance of the direction appears to have weak relationship.

The correlation between Commercial Metals' Free Cash Flow and Operating Income is 0.36. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Operating Income in the same time period over historical financial statements of Commercial Metals, assuming nothing else is changed. The correlation between historical values of Commercial Metals' Free Cash Flow and Operating 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 Free Cash Flow of Commercial Metals are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Free Cash Flow i.e., Commercial Metals' Free Cash Flow and Operating Income go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Operating Income

Operating Income is the amount of profit realized from Commercial Metals operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Commercial Metals is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Commercial Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commercial Metals 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 Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.At present, Commercial Metals' Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 316.6 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.06.

	2021	2022	2023	2024 (projected)
Gross Profit	1.9B	1.8B	2.1B	2.2B
Total Revenue	8.9B	8.8B	10.1B	10.6B

Gross Profit Total Revenue

Commercial Metals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.41	0.64	0.61	0.98	0.98	0.19	0.97	0.8	0.98	0.88	0.8	0.94	-0.66	0.89	0.93	0.91	-0.57	0.9	0.92	0.96	0.21	0.48	-0.55	-0.55	0.96
Short Long Term Debt Total	0.41		0.14	0.79	0.23	0.29	0.84	0.23	0.49	0.25	0.07	0.49	0.62	0.04	0.67	0.59	0.39	0.1	0.71	0.1	0.6	0.29	0.66	-0.82	-0.82	0.23
Other Current Liab	0.64	0.14		0.49	0.62	0.69	0.14	0.6	0.27	0.65	0.68	0.27	0.63	-0.42	0.54	0.58	0.72	-0.16	0.59	0.61	0.58	0.0	0.47	-0.36	-0.36	0.63
Total Current Liabilities	0.61	0.79	0.49		0.47	0.49	0.59	0.47	0.57	0.48	0.27	0.57	0.76	-0.04	0.63	0.77	0.57	-0.05	0.8	0.29	0.75	0.58	0.75	-0.68	-0.68	0.47
Total Stockholder Equity	0.98	0.23	0.62	0.47		0.98	0.0	1.0	0.76	1.0	0.93	0.76	0.85	-0.69	0.79	0.85	0.87	-0.67	0.78	0.97	0.88	0.18	0.33	-0.39	-0.39	0.98
Property Plant And Equipment Net	0.98	0.29	0.69	0.49	0.98		0.09	0.98	0.73	0.99	0.92	0.73	0.88	-0.67	0.84	0.84	0.89	-0.56	0.82	0.95	0.88	0.12	0.34	-0.48	-0.48	0.98
Net Debt	0.19	0.84	0.14	0.59	0.0	0.09		-0.01	0.07	0.03	-0.13	0.07	0.48	0.03	0.52	0.42	0.3	0.21	0.55	-0.08	0.38	0.08	0.67	-0.7	-0.7	-0.02
Retained Earnings	0.97	0.23	0.6	0.47	1.0	0.98	-0.01		0.76	0.99	0.92	0.76	0.85	-0.68	0.78	0.84	0.86	-0.68	0.77	0.97	0.87	0.2	0.31	-0.39	-0.39	0.98
Cash	0.8	0.49	0.27	0.57	0.76	0.73	0.07	0.76		0.73	0.65	1.0	0.75	-0.49	0.76	0.76	0.6	-0.37	0.77	0.65	0.84	0.38	0.34	-0.6	-0.6	0.76
Non Current Assets Total	0.98	0.25	0.65	0.48	1.0	0.99	0.03	0.99	0.73		0.92	0.73	0.86	-0.68	0.8	0.84	0.89	-0.64	0.79	0.97	0.87	0.15	0.33	-0.41	-0.41	0.99
Non Currrent Assets Other	0.88	0.07	0.68	0.27	0.93	0.92	-0.13	0.92	0.65	0.92		0.65	0.73	-0.74	0.71	0.72	0.8	-0.6	0.65	0.97	0.76	-0.1	0.28	-0.33	-0.33	0.9
Cash And Short Term Investments	0.8	0.49	0.27	0.57	0.76	0.73	0.07	0.76	1.0	0.73	0.65		0.75	-0.49	0.76	0.76	0.6	-0.37	0.77	0.65	0.84	0.38	0.34	-0.6	-0.6	0.76
Net Receivables	0.94	0.62	0.63	0.76	0.85	0.88	0.48	0.85	0.75	0.86	0.73	0.75		-0.58	0.95	0.98	0.89	-0.39	0.98	0.76	0.99	0.23	0.69	-0.71	-0.71	0.83
Common Stock Shares Outstanding	-0.66	0.04	-0.42	-0.04	-0.69	-0.67	0.03	-0.68	-0.49	-0.68	-0.74	-0.49	-0.58		-0.6	-0.57	-0.66	0.63	-0.52	-0.76	-0.59	0.1	-0.21	0.3	0.3	-0.64
Non Current Liabilities Total	0.89	0.67	0.54	0.63	0.79	0.84	0.52	0.78	0.76	0.8	0.71	0.76	0.95	-0.6		0.91	0.84	-0.32	0.97	0.73	0.94	0.05	0.65	-0.78	-0.78	0.77
Inventory	0.93	0.59	0.58	0.77	0.85	0.84	0.42	0.84	0.76	0.84	0.72	0.76	0.98	-0.57	0.91		0.84	-0.44	0.96	0.75	0.98	0.28	0.73	-0.68	-0.68	0.8
Other Current Assets	0.91	0.39	0.72	0.57	0.87	0.89	0.3	0.86	0.6	0.89	0.8	0.6	0.89	-0.66	0.84	0.84		-0.54	0.84	0.84	0.86	0.1	0.55	-0.54	-0.54	0.84
Other Stockholder Equity	-0.57	0.1	-0.16	-0.05	-0.67	-0.56	0.21	-0.68	-0.37	-0.64	-0.6	-0.37	-0.39	0.63	-0.32	-0.44	-0.54		-0.29	-0.73	-0.44	-0.17	-0.01	-0.05	-0.05	-0.6
Total Liab	0.9	0.71	0.59	0.8	0.78	0.82	0.55	0.77	0.77	0.79	0.65	0.77	0.98	-0.52	0.97	0.96	0.84	-0.29		0.67	0.97	0.25	0.73	-0.79	-0.79	0.76
Property Plant And Equipment Gross	0.92	0.1	0.61	0.29	0.97	0.95	-0.08	0.97	0.65	0.97	0.97	0.65	0.76	-0.76	0.73	0.75	0.84	-0.73	0.67		0.78	-0.01	0.24	-0.3	-0.3	0.94
Total Current Assets	0.96	0.6	0.58	0.75	0.88	0.88	0.38	0.87	0.84	0.87	0.76	0.84	0.99	-0.59	0.94	0.98	0.86	-0.44	0.97	0.78		0.28	0.66	-0.7	-0.7	0.85
Short Term Debt	0.21	0.29	0.0	0.58	0.18	0.12	0.08	0.2	0.38	0.15	-0.1	0.38	0.23	0.1	0.05	0.28	0.1	-0.17	0.25	-0.01	0.28		0.04	-0.16	-0.16	0.23
Accounts Payable	0.48	0.66	0.47	0.75	0.33	0.34	0.67	0.31	0.34	0.33	0.28	0.34	0.69	-0.21	0.65	0.73	0.55	-0.01	0.73	0.24	0.66	0.04		-0.63	-0.63	0.23
Common Stock Total Equity	-0.55	-0.82	-0.36	-0.68	-0.39	-0.48	-0.7	-0.39	-0.6	-0.41	-0.33	-0.6	-0.71	0.3	-0.78	-0.68	-0.54	-0.05	-0.79	-0.3	-0.7	-0.16	-0.63		1.0	-0.4
Common Stock	-0.55	-0.82	-0.36	-0.68	-0.39	-0.48	-0.7	-0.39	-0.6	-0.41	-0.33	-0.6	-0.71	0.3	-0.78	-0.68	-0.54	-0.05	-0.79	-0.3	-0.7	-0.16	-0.63	1.0		-0.4
Other Liab	0.96	0.23	0.63	0.47	0.98	0.98	-0.02	0.98	0.76	0.99	0.9	0.76	0.83	-0.64	0.77	0.8	0.84	-0.6	0.76	0.94	0.85	0.23	0.23	-0.4	-0.4

Click cells to compare fundamentals

Commercial Metals Account Relationship Matchups

Commercial Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.1B	4.6B	6.2B	6.6B	7.6B	8.0B
Short Long Term Debt Total	1.1B	1.1B	1.5B	1.2B	1.3B	683.1M
Other Current Liab	455.0M	451.4M	289.8M	410.4M	472.0M	495.6M
Total Current Liabilities	745.3M	980.5M	1.4B	843.7M	970.3M	660.9M
Total Stockholder Equity	1.9B	2.3B	3.3B	4.1B	4.7B	5.0B
Property Plant And Equipment Net	1.6B	1.6B	1.9B	2.4B	2.8B	2.9B
Net Debt	541.6M	572.0M	829.4M	562.5M	646.8M	456.0M
Retained Earnings	1.8B	2.2B	3.3B	4.1B	4.7B	4.9B
Cash	542.1M	497.7M	672.6M	592.3M	681.2M	715.2M
Non Current Assets Total	1.9B	1.9B	2.8B	3.5B	4.0B	4.2B
Non Currrent Assets Other	232.2M	269.6M	128.0M	440.6M	506.7M	532.0M
Cash And Short Term Investments	542.1M	497.7M	672.6M	592.3M	681.2M	715.2M
Net Receivables	880.7M	1.1B	1.4B	1.2B	1.4B	1.5B
Common Stock Shares Outstanding	120.3M	122.0M	122.4M	118.6M	106.7M	97.1M
Liabilities And Stockholders Equity	4.1B	4.6B	6.2B	6.6B	7.6B	8.0B
Non Current Liabilities Total	1.4B	1.4B	1.6B	1.7B	1.9B	2.0B
Inventory	625.4M	935.4M	1.2B	1.0B	1.2B	1.3B
Other Current Assets	165.9M	173.0M	240.2M	276.0M	317.4M	333.3M
Other Stockholder Equity	183.8M	215.5M	86.9M	26.1M	23.5M	22.3M
Total Liab	2.2B	2.3B	3.0B	2.5B	2.9B	3.0B
Property Plant And Equipment Gross	1.6B	1.6B	1.9B	4.5B	5.2B	5.5B
Total Current Assets	2.2B	2.7B	3.4B	3.1B	3.6B	3.8B
Accumulated Other Comprehensive Income	(103.8M)	(84.8M)	(114.5M)	(3.8M)	(4.3M)	(4.6M)
Short Term Debt	18.1M	54.4M	388.8M	40.5M	46.6M	54.9M
Accounts Payable	266.1M	450.7M	428.1M	364.4M	419.0M	374.5M
Other Liab	285.7M	254.3M	369.2M	430.2M	494.7M	519.4M
Other Assets	104.7M	147.3M	43K	279.8M	321.8M	337.9M
Long Term Debt	1.0B	1.0B	1.1B	1.0B	1.2B	949.5M
Treasury Stock	(197.4M)	(175.1M)	(152.6M)	(295.8M)	(266.3M)	(279.6M)
Property Plant Equipment	1.6B	1.7B	1.9B	2.6B	3.0B	3.1B
Current Deferred Revenue	6.0M	23.9M	250.3M	28.4M	25.5M	24.3M
Good Will	64.3M	66.1M	249.0M	385.8M	443.7M	465.9M
Intangible Assets	12.6M	10.1M	257.4M	259.2M	298.0M	312.9M
Net Tangible Assets	1.8B	2.2B	3.3B	3.5B	4.0B	4.2B

Pair Trading with Commercial Metals

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 Commercial Metals 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 Commercial Metals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Commercial Stock

0.67	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.85	KALU	Kaiser Aluminum Earnings Call This Week	Pair Corr
0.73	CENX	Century Aluminum Financial Report 13th of May 2024	Pair Corr
0.87	CSTM	Constellium Nv Earnings Call This Week	Pair Corr

Moving against Commercial Stock

0.73	NC	NACCO Industries	Pair Corr
0.72	VALE	Vale SA ADR Earnings Call This Week	Pair Corr
0.69	X	United States Steel Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Commercial Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commercial Metals 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 Commercial Metals - 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 Commercial Metals to buy it.

The correlation of Commercial Metals 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 Commercial Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commercial Metals 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 Commercial Metals 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 Correlation Correlation Matching

When determining whether Commercial Metals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Commercial Metals' 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 Commercial Metals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Commercial Metals Stock:

How To Invest In Commercial

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Is Commercial Stock a good investment?

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What is Commercial Metals' Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.

You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Commercial Stock analysis

When running Commercial Metals' price analysis, check to measure Commercial Metals' 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 Commercial Metals is operating at the current time. Most of Commercial Metals' value examination focuses on studying past and present price action to predict the probability of Commercial Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Metals' price. Additionally, you may evaluate how the addition of Commercial Metals to your portfolios can decrease your overall portfolio volatility.

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Is Commercial Metals' 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 Commercial Metals. If investors know Commercial 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 Commercial Metals 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

(0.52)

Dividend Share

0.64

Earnings Share

5.76

Revenue Per Share

71.999

Quarterly Revenue Growth

(0.08)

The market value of Commercial Metals is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Metals' value that differs from its market value or its book value, called intrinsic value, which is Commercial Metals' 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 Commercial Metals' market value can be influenced by many factors that don't directly affect Commercial Metals' 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 Commercial Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Metals' 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Commercial Free Cash Flow vs Operating Income Analysis

Free Cash Flow vs Operating Income

Free Cash Flow vs Operating Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Operating Income

Commercial Metals fundamental ratios Correlations

Commercial Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Commercial Metals fundamental ratios Accounts

Pair Trading with Commercial Metals

Moving together with Commercial Stock

Moving against Commercial Stock

Complementary Tools for Commercial Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Retained Earnings

Common Stock	- 0.82	Short Long Term Debt Total
Common Stock Total Equity	- 0.82	Short Long Term Debt Total
Common Stock	- 0.79	Total Liab
Common Stock Total Equity	- 0.79	Total Liab
Common Stock	- 0.78	Non Current Liabilities Total
Common Stock Total Equity	- 0.78	Non Current Liabilities Total