Desktop Enterprise Value vs Operating Income Analysis

DM Stock

USD 0.84 0.01 1.20%

Desktop Metal financial indicator trend analysis is much more than just examining Desktop Metal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Desktop Metal is a good investment. Please check the relationship between Desktop Metal Enterprise Value and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desktop Metal. 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.

To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.

Enterprise Value vs Operating Income

Enterprise Value vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Desktop Metal Enterprise Value account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Desktop Metal's Enterprise Value and Operating Income is 0.78. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Operating Income in the same time period over historical financial statements of Desktop Metal, assuming nothing else is changed. The correlation between historical values of Desktop Metal's Enterprise Value 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 Enterprise Value of Desktop Metal 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 Enterprise Value i.e., Desktop Metal's Enterprise Value and Operating Income go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Enterprise Value

Enterprise Value (or EV) is usually referred to as Desktop Metal theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Desktop Metal debt, but would also pocket its cash. Enterprise Value is more accurate representation of Desktop Metal value than its market capitalization because it takes into account all of Desktop Metal 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.

Operating Income

Operating Income is the amount of profit realized from Desktop Metal 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 Desktop Metal 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 Desktop Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Desktop Metal 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desktop Metal. 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.

To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.At this time, Desktop Metal's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 19th of April 2024, Enterprise Value is likely to grow to about 953.7 M, while Tax Provision is likely to drop (599.5 K).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	24.9M	50.8M	53.6M	30.7M
Interest Income	12.0M	10.1M	944K	896.8K

Depreciation And Amortization Interest Income

Desktop Metal fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total
Total Assets		0.84	0.91	0.97	0.81	-0.59	0.66	0.48	0.84	0.69	0.89	0.82	0.85	0.78	0.79	0.89	0.7	0.81	0.81	-0.15	0.73	0.52	0.85	0.92	-0.17	0.93
Other Current Liab	0.84		0.97	0.73	0.56	-0.81	0.8	0.16	0.66	0.33	0.98	0.87	0.9	0.95	0.94	0.95	0.87	0.52	0.67	-0.28	0.97	0.74	0.98	0.89	0.25	0.88
Total Current Liabilities	0.91	0.97		0.83	0.59	-0.74	0.86	0.2	0.74	0.41	0.98	0.85	0.88	0.92	0.96	0.94	0.82	0.6	0.68	-0.3	0.92	0.68	0.95	0.96	0.18	0.94
Total Stockholder Equity	0.97	0.73	0.83		0.77	-0.37	0.61	0.49	0.9	0.74	0.78	0.69	0.68	0.64	0.69	0.78	0.5	0.8	0.74	-0.13	0.61	0.29	0.71	0.85	-0.31	0.89
Net Tangible Assets	0.81	0.56	0.59	0.77		-0.53	0.12	0.82	0.51	0.87	0.62	0.8	0.76	0.59	0.42	0.75	0.6	0.87	0.94	0.16	0.44	0.5	0.65	0.58	-0.5	0.57
Retained Earnings	-0.59	-0.81	-0.74	-0.37	-0.53		-0.52	-0.27	-0.18	-0.24	-0.79	-0.84	-0.92	-0.87	-0.73	-0.85	-0.98	-0.46	-0.69	0.25	-0.8	-0.98	-0.88	-0.64	-0.28	-0.55
Accounts Payable	0.66	0.8	0.86	0.61	0.12	-0.52		-0.16	0.63	0.08	0.77	0.47	0.58	0.69	0.88	0.68	0.56	0.3	0.28	-0.58	0.78	0.44	0.7	0.82	0.39	0.8
Cash	0.48	0.16	0.2	0.49	0.82	-0.27	-0.16		0.14	0.93	0.18	0.39	0.43	0.18	-0.01	0.44	0.25	0.88	0.83	-0.09	-0.02	0.23	0.25	0.15	-0.84	0.13
Other Assets	0.84	0.66	0.74	0.9	0.51	-0.18	0.63	0.14		0.43	0.7	0.5	0.5	0.49	0.63	0.58	0.34	0.49	0.43	-0.05	0.57	0.09	0.59	0.79	-0.07	0.9
Cash And Short Term Investments	0.69	0.33	0.41	0.74	0.87	-0.24	0.08	0.93	0.43		0.37	0.5	0.49	0.32	0.21	0.58	0.27	0.95	0.86	-0.11	0.16	0.18	0.38	0.39	-0.81	0.38
Net Receivables	0.89	0.98	0.98	0.78	0.62	-0.79	0.77	0.18	0.7	0.37		0.91	0.91	0.96	0.95	0.95	0.87	0.55	0.69	-0.16	0.96	0.74	0.98	0.94	0.23	0.91
Common Stock Shares Outstanding	0.82	0.87	0.85	0.69	0.8	-0.84	0.47	0.39	0.5	0.5	0.91		0.94	0.94	0.81	0.93	0.91	0.61	0.82	0.09	0.85	0.83	0.95	0.81	0.07	0.74
Capital Surpluse	0.85	0.9	0.88	0.68	0.76	-0.92	0.58	0.43	0.5	0.49	0.91	0.94		0.91	0.81	0.95	0.96	0.68	0.84	-0.18	0.83	0.88	0.96	0.82	0.08	0.78
Inventory	0.78	0.95	0.92	0.64	0.59	-0.87	0.69	0.18	0.49	0.32	0.96	0.94	0.91		0.93	0.94	0.92	0.49	0.69	-0.12	0.96	0.85	0.98	0.86	0.29	0.78
Other Current Assets	0.79	0.94	0.96	0.69	0.42	-0.73	0.88	-0.01	0.63	0.21	0.95	0.81	0.81	0.93		0.87	0.81	0.41	0.51	-0.24	0.94	0.7	0.91	0.94	0.39	0.88
Other Stockholder Equity	0.89	0.95	0.94	0.78	0.75	-0.85	0.68	0.44	0.58	0.58	0.95	0.93	0.95	0.94	0.87		0.88	0.73	0.86	-0.27	0.88	0.78	0.97	0.86	-0.01	0.81
Total Liab	0.7	0.87	0.82	0.5	0.6	-0.98	0.56	0.25	0.34	0.27	0.87	0.91	0.96	0.92	0.81	0.88		0.49	0.7	-0.14	0.85	0.97	0.93	0.76	0.29	0.68
Total Current Assets	0.81	0.52	0.6	0.8	0.87	-0.46	0.3	0.88	0.49	0.95	0.55	0.61	0.68	0.49	0.41	0.73	0.49		0.92	-0.28	0.34	0.39	0.56	0.57	-0.64	0.54
Short Term Debt	0.81	0.67	0.68	0.74	0.94	-0.69	0.28	0.83	0.43	0.86	0.69	0.82	0.84	0.69	0.51	0.86	0.7	0.92		-0.16	0.55	0.63	0.75	0.6	-0.46	0.56
Common Stock	-0.15	-0.28	-0.3	-0.13	0.16	0.25	-0.58	-0.09	-0.05	-0.11	-0.16	0.09	-0.18	-0.12	-0.24	-0.27	-0.14	-0.28	-0.16		-0.18	-0.15	-0.17	-0.15	0.04	-0.14
Property Plant Equipment	0.73	0.97	0.92	0.61	0.44	-0.8	0.78	-0.02	0.57	0.16	0.96	0.85	0.83	0.96	0.94	0.88	0.85	0.34	0.55	-0.18		0.75	0.96	0.84	0.41	0.81
Short Long Term Debt Total	0.52	0.74	0.68	0.29	0.5	-0.98	0.44	0.23	0.09	0.18	0.74	0.83	0.88	0.85	0.7	0.78	0.97	0.39	0.63	-0.15	0.75		0.83	0.6	0.33	0.48
Property Plant And Equipment Net	0.85	0.98	0.95	0.71	0.65	-0.88	0.7	0.25	0.59	0.38	0.98	0.95	0.96	0.98	0.91	0.97	0.93	0.56	0.75	-0.17	0.96	0.83		0.88	0.21	0.84
Current Deferred Revenue	0.92	0.89	0.96	0.85	0.58	-0.64	0.82	0.15	0.79	0.39	0.94	0.81	0.82	0.86	0.94	0.86	0.76	0.57	0.6	-0.15	0.84	0.6	0.88		0.19	0.97
Net Debt	-0.17	0.25	0.18	-0.31	-0.5	-0.28	0.39	-0.84	-0.07	-0.81	0.23	0.07	0.08	0.29	0.39	-0.01	0.29	-0.64	-0.46	0.04	0.41	0.33	0.21	0.19		0.15
Non Current Assets Total	0.93	0.88	0.94	0.89	0.57	-0.55	0.8	0.13	0.9	0.38	0.91	0.74	0.78	0.78	0.88	0.81	0.68	0.54	0.56	-0.14	0.81	0.48	0.84	0.97	0.15

Click cells to compare fundamentals

Desktop Metal Account Relationship Matchups

Desktop Metal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	33.0M	641.9M	1.4B	754.3M	498.6M	607.7M
Other Current Liab	1.5M	7.6M	33.8M	26.7M	32.4M	19.9M
Total Current Liabilities	7.7M	30.5M	102.1M	83.4M	70.1M	58.1M
Total Stockholder Equity	25.4M	609.3M	1.2B	527.5M	241.7M	229.6M
Net Tangible Assets	153.4M	597.6M	347.1M	194.7M	223.9M	243.6M
Retained Earnings	28.5M	(384.7M)	(568.6M)	(1.3B)	(1.6B)	(1.6B)
Accounts Payable	2.5M	7.6M	29.6M	25.1M	18.2M	17.9M
Cash	14.9M	483.5M	65.0M	76.3M	84.1M	132.7M
Other Assets	2.9M	5.5M	46.9M	4.7M	5.4M	5.2M
Cash And Short Term Investments	14.9M	595.4M	269.6M	184.5M	84.7M	80.5M
Net Receivables	3.3M	6.5M	46.7M	38.5M	37.7M	24.9M
Common Stock Shares Outstanding	150.0M	157.9M	260.8M	314.8M	322.2M	226.8M
Liabilities And Stockholders Equity	33.0M	641.9M	1.4B	754.3M	498.6M	607.7M
Capital Surpluse	2.3M	993.9M	1.8B	1.9B	2.2B	2.3B
Inventory	8.9M	9.7M	65.4M	91.7M	82.6M	48.1M
Other Current Assets	716K	26K	16.2M	17.2M	11.1M	8.8M
Other Stockholder Equity	(288.8M)	993.9M	1.8B	1.9B	1.9B	1.2B
Total Liab	7.7M	32.7M	138.2M	226.8M	257.0M	269.8M
Total Current Assets	30.7M	612.6M	400.0M	336.4M	216.1M	312.0M
Short Term Debt	600K	10.9M	6.4M	6.3M	7.7M	5.9M
Common Stock	289.3M	23K	31K	32K	33K	31.4K
Property Plant Equipment	18.4M	12.2M	58.7M	56.3M	64.7M	36.7M

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 Desktop Metal 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, Desktop Metal's short interest history, or implied volatility extrapolated from Desktop Metal options trading.

Pair Trading with Desktop Metal

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 Desktop Metal 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 Desktop Metal will appreciate offsetting losses from the drop in the long position's value.

Moving against Desktop Stock

0.78	INVE	Identiv Financial Report 2nd of May 2024	Pair Corr
0.72	IONQ	IONQ Inc Financial Report 9th of May 2024	Pair Corr
0.72	SSYS	Stratasys Financial Report 21st of May 2024	Pair Corr
0.58	AAPL	Apple Inc Report 2nd of May 2024	Pair Corr
0.49	LITE	Lumentum Holdings Financial Report 14th of May 2024	Pair Corr

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

The correlation of Desktop Metal 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 Desktop Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desktop Metal 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 Desktop Metal 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 Desktop Metal is a strong investment it is important to analyze Desktop Metal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Desktop Metal's future performance. For an informed investment choice regarding Desktop Stock, refer to the following important reports:

How To Invest In Desktop

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Is Desktop Stock a good investment?

Details

What is Desktop Metal's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desktop Metal. 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.

To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Desktop Stock analysis

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

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Is Desktop Metal'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 Desktop Metal. If investors know Desktop 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 Desktop Metal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.00)

Revenue Per Share

0.589

Quarterly Revenue Growth

(0.14)

Return On Assets

(0.16)

Return On Equity

(0.84)

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

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Desktop Enterprise Value vs Operating Income Analysis

Enterprise Value vs Operating Income

Enterprise Value vs Operating Income Correlation Analysis

Correlation Coefficient

Enterprise Value

Operating Income

Desktop Metal fundamental ratios Correlations

Desktop Metal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Desktop Metal fundamental ratios Accounts

Pair Trading with Desktop Metal

Moving against Desktop Stock

Complementary Tools for Desktop Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Receivables	+ 0.98	Other Current Liab
Property Plant And Equipment Net	+ 0.98	Other Current Liab
Net Receivables	+ 0.98	Total Current Liabilities
Property Plant And Equipment Net	+ 0.98	Net Receivables
Property Plant And Equipment Net	+ 0.98	Inventory
Total Stockholder Equity	+ 0.97	Total Assets

Short Long Term Debt Total	- 0.98	Retained Earnings
Total Liab	- 0.98	Retained Earnings
Capital Surpluse	- 0.92	Retained Earnings
Property Plant And Equipment Net	- 0.88	Retained Earnings
Inventory	- 0.87	Retained Earnings
Other Stockholder Equity	- 0.85	Retained Earnings