DTE Common Stock vs Net Tangible Assets Analysis
DTW Stock | USD 22.64 0.11 0.48% |
DTE Energy financial indicator trend analysis is much more than just examining DTE Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DTE Energy is a good investment. Please check the relationship between DTE Energy Common Stock and its Net Tangible Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy DTE Stock please use our How to Invest in DTE Energy guide.
Common Stock vs Net Tangible Assets
Common Stock vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DTE Energy Common Stock account and Net Tangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between DTE Energy's Common Stock and Net Tangible Assets is -0.69. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of DTE Energy Co, assuming nothing else is changed. The correlation between historical values of DTE Energy's Common Stock and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of DTE Energy Co are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Common Stock i.e., DTE Energy's Common Stock and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Common Stock
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from DTE Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DTE Energy 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 DTE Energy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy DTE Stock please use our How to Invest in DTE Energy guide.At this time, DTE Energy's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 7.70 in 2024, whereas Selling General Administrative is likely to drop slightly above 424.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 669M | 717M | 853M | 597.5M | Depreciation And Amortization | 1.4B | 1.5B | 1.7B | 1.1B |
DTE Energy fundamental ratios Correlations
Click cells to compare fundamentals
DTE Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DTE Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 42.3B | 45.5B | 39.7B | 42.7B | 44.8B | 47.0B | |
Short Long Term Debt Total | 17.6B | 19.6B | 18.3B | 19.2B | 21.0B | 22.0B | |
Other Current Liab | 994M | 958M | 1.1B | (1.1B) | 870M | 689.9M | |
Total Current Liabilities | 4.0B | 2.7B | 6.3B | 5.2B | 5.9B | 3.2B | |
Total Stockholder Equity | 11.7B | 12.4B | 8.7B | 10.4B | 11.1B | 10.8B | |
Net Debt | 17.5B | 19.1B | 18.2B | 19.2B | 20.9B | 22.0B | |
Retained Earnings | 6.6B | 7.2B | 3.4B | 3.8B | 4.4B | 4.3B | |
Accounts Payable | 1.1B | 1B | 1.4B | 1.6B | 1.4B | 1.1B | |
Non Current Assets Total | 39.2B | 42.0B | 36.4B | 38.5B | 41.2B | 43.3B | |
Liabilities And Stockholders Equity | 42.3B | 45.5B | 39.7B | 42.7B | 44.8B | 47.0B | |
Other Stockholder Equity | (148M) | (137M) | 8M | 6.7B | 6.0B | 5.6B | |
Total Liab | 30.4B | 32.9B | 31.0B | 32.3B | 33.7B | 18.2B | |
Accumulated Other Comprehensive Income | (148M) | (137M) | (112M) | (62M) | (67M) | (63.7M) | |
Short Term Debt | 1.5B | 523M | 3.6B | 2.3B | 3.4B | 3.6B | |
Common Stock | 5.2B | 5.4B | 5.4B | 6.7B | 6.7B | 4.4B | |
Property Plant And Equipment Net | 25.5B | 24.6B | 27.0B | 28.9B | 28.3B | 23.7B | |
Cash | 93M | 474M | 35M | 43M | 51M | 48.5M | |
Other Assets | 4.8B | 4.4B | 160K | 4.3B | 5.0B | 3.6B | |
Cash And Short Term Investments | 93M | 474M | 35M | 43M | 51M | 48.5M | |
Common Stock Shares Outstanding | 185M | 193M | 194M | 196M | 206M | 195.6M | |
Total Current Assets | 3.1B | 3.5B | 3.3B | 4.2B | 3.5B | 3.2B | |
Non Current Liabilities Total | 26.4B | 30.2B | 24.7B | 27.1B | 27.8B | 22.3B | |
Net Tangible Assets | 11.7B | 12.4B | 8.7B | 10.4B | 9.4B | 11.6B | |
Current Deferred Revenue | 172M | 379M | 210M | 171M | 2.4B | 320.8M | |
Non Currrent Assets Other | 2.5B | 9.8B | 2.2B | 4.9B | 5.2B | 5.5B | |
Long Term Debt | 15.9B | 19.0B | 14.5B | 16.9B | 19.4B | 13.3B | |
Net Receivables | 1.9B | 1.7B | 1.8B | 2.2B | 1.8B | 1.9B | |
Common Stock Total Equity | 5.2B | 5.4M | 5.4B | 6.7B | 7.6B | 4.5B | |
Retained Earnings Total Equity | 6.6B | 7.2B | 3.4B | 3.8B | 4.4B | 5.5B | |
Long Term Debt Total | 15.9B | 19.0B | 14.5B | 16.9B | 19.4B | 13.3B | |
Inventory | 759M | 708M | 858M | 942M | 1.1B | 887.2M | |
Other Current Assets | 476M | 347M | 647M | 594M | 1.0B | 616.2M | |
Property Plant And Equipment Gross | 35.1B | 411M | 37.1B | 39.3B | 45.2B | 28.1B | |
Non Current Liabilities Other | 10.1B | 11.2B | 10.1B | 10.2B | 11.8B | 9.1B | |
Intangible Assets | 2.4B | 199M | 177M | 166M | 156M | 148.2M | |
Property Plant Equipment | 25.3B | 28.0B | 26.9B | 28.8B | 33.1B | 23.6B |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether DTE Energy is a strong investment it is important to analyze DTE Energy'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 DTE Energy's future performance. For an informed investment choice regarding DTE Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy DTE Stock please use our How to Invest in DTE Energy 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 DTE Stock analysis
When running DTE Energy's price analysis, check to measure DTE Energy'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 DTE Energy is operating at the current time. Most of DTE Energy's value examination focuses on studying past and present price action to predict the probability of DTE Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DTE Energy's price. Additionally, you may evaluate how the addition of DTE Energy to your portfolios can decrease your overall portfolio volatility.
CEOs Directory Screen CEOs from public companies around the world | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |
Is DTE Energy'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 DTE Energy. If investors know DTE 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 DTE Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 3.41 | Return On Equity 0.0752 |
The market value of DTE Energy is measured differently than its book value, which is the value of DTE that is recorded on the company's balance sheet. Investors also form their own opinion of DTE Energy's value that differs from its market value or its book value, called intrinsic value, which is DTE Energy'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 DTE Energy's market value can be influenced by many factors that don't directly affect DTE Energy'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 DTE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTE Energy'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.