ADF Book Value Per Share vs Invested Capital Analysis

DRX Stock  CAD 16.75  0.57  3.29%   
ADF financial indicator trend analysis is way more than just evaluating ADF Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ADF Group is a good investment. Please check the relationship between ADF Book Value Per Share and its Invested Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF 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 board of governors.

Book Value Per Share vs Invested Capital

Book Value Per Share vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ADF Group Book Value Per Share account and Invested Capital. At this time, the significance of the direction appears to have almost no relationship.
The correlation between ADF's Book Value Per Share and Invested Capital is 0.17. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Invested Capital in the same time period over historical financial statements of ADF Group, assuming nothing else is changed. The correlation between historical values of ADF's Book Value Per Share and 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 Book Value Per Share of ADF Group are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Book Value Per Share i.e., ADF's Book Value Per Share and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.17
Relationship DirectionPositive 
Relationship StrengthInsignificant

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to ADF Group. There are two different methods for calculating ADF Group invested capital: operating approach and financing approach. Understanding ADF invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.
Most indicators from ADF's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ADF 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF 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 board of governors.
As of the 3rd of June 2024, Tax Provision is likely to grow to about 9.2 M, while Selling General Administrative is likely to drop about 12.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit24.7M35.6M72.9M76.6M
Total Revenue280.7M250.9M331.0M347.6M

ADF fundamental ratios Correlations

0.820.510.840.860.710.710.650.730.67-0.480.740.030.860.16-0.14-0.670.850.790.770.43-0.430.45-0.37-0.050.78
0.820.40.720.520.770.920.340.670.71-0.590.780.070.810.3-0.05-0.690.760.670.570.08-0.680.47-0.180.10.53
0.510.40.580.180.230.320.190.410.17-0.140.65-0.30.48-0.070.22-0.580.540.520.480.17-0.03-0.04-0.130.240.45
0.840.720.580.580.480.760.820.630.44-0.470.670.030.970.1-0.13-0.740.990.850.970.67-0.340.24-0.730.00.93
0.860.520.180.580.630.410.660.510.64-0.40.380.20.590.05-0.25-0.380.590.620.580.48-0.30.51-0.32-0.30.64
0.710.770.230.480.630.680.290.410.99-0.80.540.440.620.16-0.32-0.580.540.730.3-0.03-0.70.75-0.06-0.370.41
0.710.920.320.760.410.680.460.690.65-0.510.65-0.010.860.260.1-0.620.80.660.640.17-0.820.27-0.390.210.54
0.650.340.190.820.660.290.460.370.31-0.360.230.20.77-0.03-0.26-0.450.810.720.90.9-0.150.21-0.91-0.250.9
0.730.670.410.630.510.410.690.370.38-0.070.6-0.420.660.360.23-0.320.650.420.580.19-0.54-0.04-0.210.420.43
0.670.710.170.440.640.990.650.310.38-0.770.470.450.580.13-0.3-0.50.50.710.27-0.03-0.720.72-0.08-0.40.38
-0.48-0.59-0.14-0.47-0.4-0.8-0.51-0.36-0.07-0.77-0.31-0.79-0.55-0.150.630.65-0.51-0.73-0.33-0.210.4-0.880.30.65-0.46
0.740.780.650.670.380.540.650.230.60.47-0.31-0.160.710.01-0.01-0.720.690.630.540.0-0.310.23-0.030.160.57
0.030.07-0.30.030.20.44-0.010.2-0.420.45-0.79-0.160.09-0.01-0.79-0.230.050.37-0.020.170.010.85-0.2-0.920.19
0.860.810.480.970.590.620.860.770.660.58-0.550.710.090.15-0.17-0.760.990.890.910.55-0.490.33-0.66-0.030.88
0.160.3-0.070.10.050.160.26-0.030.360.13-0.150.01-0.010.15-0.190.20.12-0.010.06-0.06-0.210.090.040.14-0.03
-0.14-0.050.22-0.13-0.25-0.320.1-0.260.23-0.30.63-0.01-0.79-0.17-0.190.28-0.15-0.38-0.12-0.29-0.24-0.720.210.84-0.33
-0.67-0.69-0.58-0.74-0.38-0.58-0.62-0.45-0.32-0.50.65-0.72-0.23-0.760.20.28-0.76-0.79-0.64-0.350.28-0.490.40.18-0.69
0.850.760.540.990.590.540.80.810.650.5-0.510.690.050.990.12-0.15-0.760.870.950.63-0.40.28-0.71-0.010.92
0.790.670.520.850.620.730.660.720.420.71-0.730.630.370.89-0.01-0.38-0.790.870.760.5-0.360.55-0.58-0.390.85
0.770.570.480.970.580.30.640.90.580.27-0.330.54-0.020.910.06-0.12-0.640.950.760.8-0.190.13-0.820.020.94
0.430.080.170.670.48-0.030.170.90.19-0.03-0.210.00.170.55-0.06-0.29-0.350.630.50.80.170.1-0.91-0.230.77
-0.43-0.68-0.03-0.34-0.3-0.7-0.82-0.15-0.54-0.720.4-0.310.01-0.49-0.21-0.240.28-0.4-0.36-0.190.17-0.210.09-0.19-0.11
0.450.47-0.040.240.510.750.270.21-0.040.72-0.880.230.850.330.09-0.72-0.490.280.550.130.1-0.21-0.06-0.770.32
-0.37-0.18-0.13-0.73-0.32-0.06-0.39-0.91-0.21-0.080.3-0.03-0.2-0.660.040.210.4-0.71-0.58-0.82-0.910.09-0.060.17-0.77
-0.050.10.240.0-0.3-0.370.21-0.250.42-0.40.650.16-0.92-0.030.140.840.18-0.01-0.390.02-0.23-0.19-0.770.17-0.25
0.780.530.450.930.640.410.540.90.430.38-0.460.570.190.88-0.03-0.33-0.690.920.850.940.77-0.110.32-0.77-0.25
Click cells to compare fundamentals

ADF Account Relationship Matchups

ADF fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets173.5M190.0M201.1M271.6M328.6M183.3M
Short Long Term Debt Total40.2M25.6M36.7M51.5M46.4M27.6M
Other Current Liab15.8M47.2M19.6M22.4M20.1M17.2M
Total Current Liabilities50.6M62.0M52.4M88.8M105.5M110.7M
Total Stockholder Equity94.4M99.6M108.5M125.0M162.1M99.3M
Property Plant And Equipment Net88.8M84.7M105.2M112.2M107.8M72.7M
Net Debt36.2M7.8M29.5M44.3M39.9M41.9M
Retained Earnings12.9M19.1M28.0M42.3M79.3M83.2M
Accounts Payable15.4M12.1M14.8M18.8M24.4M13.1M
Non Current Assets Total93.6M89.4M109.9M117.2M113.0M83.6M
Non Currrent Assets Other1.4M1.4M1.4M1.4M1.1M997.5K
Net Receivables66.5M70.6M72.0M134.2M63.1M43.3M
Liabilities And Stockholders Equity173.5M190.0M201.1M271.6M244.5M127.8M
Non Current Liabilities Total28.5M28.3M40.2M57.9M61.0M64.0M
Inventory7.9M7.0M9.7M10.7M13.5M8.4M
Other Current Assets11.6M10.8M2.3M2.3M3.7M3.5M
Total Liab79.1M90.4M92.6M146.6M166.5M174.8M
Property Plant And Equipment Gross88.8M144.4M162.7M173.0M172.8M181.4M
Total Current Assets80.0M100.6M91.1M154.4M215.6M226.4M
Cash4.0M17.8M7.1M7.2M72.4M76.0M
Cash And Short Term Investments4.0M17.8M7.1M7.2M6.5M9.2M
Accumulated Other Comprehensive Income6.9M5.9M5.9M8.1M9.3M9.8M
Intangible Assets3.4M3.3M3.4M3.6M3.9M2.6M
Short Term Debt16.1M3.0M4.2M3.1M2.8M2.6M
Current Deferred Revenue3.4M23.3M13.8M44.5M51.2M53.8M
Other Liab4.4M5.8M7.7M9.4M10.8M11.3M
Net Tangible Assets91.1M96.3M105.1M121.3M139.5M110.8M
Other Assets1.4M1.4M1.4M1.4M1.2M1.2M
Long Term Debt19.2M18.4M28.7M44.9M42.1M25.0M
Short Long Term Debt14.1M8.9M15.0M1.9M2.2M2.1M
Property Plant Equipment88.8M84.7M105.2M112.2M129.1M99.1M
Long Term Debt Total24.1M22.5M32.5M48.5M55.7M29.0M
Cash And Equivalents4.0M17.8M7.1M7.2M8.3M7.2M
Net Invested Capital128.6M119.8M137.2M169.9M204.3M161.3M
Net Working Capital29.3M38.5M38.7M65.6M110.1M115.6M

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF 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 board of governors.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Please note, there is a significant difference between ADF's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADF'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.