EnLink Gross Profit vs Ebit Analysis

ENLC Stock

USD 12.87 0.85 6.20%

EnLink Midstream financial indicator trend analysis is much more than just examining EnLink Midstream LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EnLink Midstream LLC is a good investment. Please check the relationship between EnLink Midstream Gross Profit and its Ebit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EnLink Midstream LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Gross Profit vs Ebit

Gross Profit vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EnLink Midstream LLC Gross Profit account and Ebit. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between EnLink Midstream's Gross Profit and Ebit is 0.5. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Ebit in the same time period over historical financial statements of EnLink Midstream LLC, assuming nothing else is changed. The correlation between historical values of EnLink Midstream's Gross Profit and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of EnLink Midstream LLC are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Gross Profit i.e., EnLink Midstream's Gross Profit and Ebit go up and down completely randomly.

Correlation Coefficient

0.5

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of EnLink Midstream LLC minus its cost of goods sold. It is profit before EnLink Midstream operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Ebit

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

At present, EnLink Midstream's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.03, whereas Discontinued Operations is forecasted to decline to about 800 K.

	2021	2022	2023	2024 (projected)
Gross Profit	888.5M	1.3B	1.4B	1.4B
Total Revenue	6.7B	9.5B	6.9B	4.1B

Gross Profit Total Revenue

EnLink Midstream fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Other Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Total Current Assets	Short Term Debt
Total Assets		0.78	0.95	1.0	0.18	0.49	-0.48	0.74	0.89	0.61	0.82	0.54	0.79	-0.03	0.82	0.28	0.68	0.57	0.54	0.83	0.94	0.89	0.5	0.15	0.85	0.29
Total Stockholder Equity	0.78		0.75	0.78	0.07	0.66	-0.39	0.51	0.72	0.81	0.68	0.34	0.57	0.16	0.68	0.68	0.81	0.42	0.32	0.67	0.82	0.74	0.66	0.36	0.72	0.15
Property Plant And Equipment Net	0.95	0.75		0.94	0.15	0.68	-0.4	0.66	0.98	0.72	0.95	0.44	0.85	0.14	0.95	0.43	0.71	0.54	0.45	0.88	0.85	0.98	0.58	0.24	0.9	0.36
Non Current Assets Total	1.0	0.78	0.94		0.2	0.48	-0.48	0.75	0.88	0.6	0.8	0.53	0.77	-0.03	0.8	0.27	0.66	0.57	0.54	0.81	0.95	0.87	0.48	0.13	0.83	0.28
Non Currrent Assets Other	0.18	0.07	0.15	0.2		0.14	0.03	0.18	0.11	0.08	0.1	-0.26	0.11	0.45	0.1	0.04	0.11	0.35	0.25	0.03	0.25	0.11	-0.52	-0.74	-0.01	0.25
Common Stock Shares Outstanding	0.49	0.66	0.68	0.48	0.14		-0.1	0.1	0.74	0.89	0.81	-0.07	0.58	0.65	0.81	0.82	0.75	0.27	0.06	0.62	0.44	0.77	0.61	0.36	0.65	0.32
Other Assets	-0.48	-0.39	-0.4	-0.48	0.03	-0.1		-0.29	-0.38	-0.33	-0.3	-0.35	-0.28	0.0	-0.3	-0.01	-0.36	-0.12	-0.27	-0.35	-0.37	-0.38	-0.25	-0.08	-0.37	0.21
Other Stockholder Equity	0.74	0.51	0.66	0.75	0.18	0.1	-0.29		0.6	0.26	0.52	0.71	0.7	-0.31	0.52	0.1	0.31	0.54	0.48	0.59	0.64	0.56	0.13	-0.06	0.57	0.42
Total Liab	0.89	0.72	0.98	0.88	0.11	0.74	-0.38	0.6		0.79	0.98	0.42	0.89	0.21	0.98	0.53	0.74	0.48	0.41	0.9	0.76	1.0	0.62	0.31	0.92	0.4
Property Plant And Equipment Gross	0.61	0.81	0.72	0.6	0.08	0.89	-0.33	0.26	0.79		0.79	0.19	0.71	0.51	0.8	0.87	0.92	0.25	0.16	0.79	0.53	0.79	0.65	0.39	0.8	0.25
Short Long Term Debt Total	0.82	0.68	0.95	0.8	0.1	0.81	-0.3	0.52	0.98	0.79		0.31	0.86	0.3	1.0	0.58	0.71	0.49	0.31	0.86	0.69	0.99	0.64	0.34	0.88	0.44
Other Current Liab	0.54	0.34	0.44	0.53	-0.26	-0.07	-0.35	0.71	0.42	0.19	0.31		0.6	-0.66	0.31	0.01	0.32	0.24	0.54	0.55	0.38	0.37	0.35	0.34	0.58	0.09
Total Current Liabilities	0.79	0.57	0.85	0.77	0.11	0.58	-0.28	0.7	0.89	0.71	0.86	0.6		0.07	0.85	0.5	0.73	0.49	0.44	0.94	0.58	0.85	0.46	0.21	0.94	0.57
Current Deferred Revenue	-0.03	0.16	0.14	-0.03	0.45	0.65	0.0	-0.31	0.21	0.51	0.3	-0.66	0.07		0.3	0.52	0.32	-0.04	-0.25	0.1	-0.01	0.25	-0.07	-0.25	0.06	0.1
Net Debt	0.82	0.68	0.95	0.8	0.1	0.81	-0.3	0.52	0.98	0.8	1.0	0.31	0.85	0.3		0.58	0.71	0.48	0.31	0.86	0.69	0.99	0.64	0.34	0.88	0.43
Retained Earnings	0.28	0.68	0.43	0.27	0.04	0.82	-0.01	0.1	0.53	0.87	0.58	0.01	0.5	0.52	0.58		0.75	0.2	-0.01	0.52	0.24	0.54	0.58	0.43	0.56	0.34
Accounts Payable	0.68	0.81	0.71	0.66	0.11	0.75	-0.36	0.31	0.74	0.92	0.71	0.32	0.73	0.32	0.71	0.75		0.42	0.27	0.86	0.62	0.73	0.62	0.33	0.87	0.26
Cash	0.57	0.42	0.54	0.57	0.35	0.27	-0.12	0.54	0.48	0.25	0.49	0.24	0.49	-0.04	0.48	0.2	0.42		0.36	0.51	0.57	0.47	0.17	-0.06	0.51	0.54
Cash And Short Term Investments	0.54	0.32	0.45	0.54	0.25	0.06	-0.27	0.48	0.41	0.16	0.31	0.54	0.44	-0.25	0.31	-0.01	0.27	0.36		0.32	0.46	0.4	0.04	-0.13	0.42	0.17
Net Receivables	0.83	0.67	0.88	0.81	0.03	0.62	-0.35	0.59	0.9	0.79	0.86	0.55	0.94	0.1	0.86	0.52	0.86	0.51	0.32		0.68	0.87	0.59	0.32	0.98	0.41
Common Stock Total Equity	0.94	0.82	0.85	0.95	0.25	0.44	-0.37	0.64	0.76	0.53	0.69	0.38	0.58	-0.01	0.69	0.24	0.62	0.57	0.46	0.68		0.77	0.44	0.08	0.7	0.14
Non Current Liabilities Total	0.89	0.74	0.98	0.87	0.11	0.77	-0.38	0.56	1.0	0.79	0.99	0.37	0.85	0.25	0.99	0.54	0.73	0.47	0.4	0.87	0.77		0.64	0.32	0.9	0.36
Inventory	0.5	0.66	0.58	0.48	-0.52	0.61	-0.25	0.13	0.62	0.65	0.64	0.35	0.46	-0.07	0.64	0.58	0.62	0.17	0.04	0.59	0.44	0.64		0.91	0.67	0.07
Other Current Assets	0.15	0.36	0.24	0.13	-0.74	0.36	-0.08	-0.06	0.31	0.39	0.34	0.34	0.21	-0.25	0.34	0.43	0.33	-0.06	-0.13	0.32	0.08	0.32	0.91		0.39	-0.07
Total Current Assets	0.85	0.72	0.9	0.83	-0.01	0.65	-0.37	0.57	0.92	0.8	0.88	0.58	0.94	0.06	0.88	0.56	0.87	0.51	0.42	0.98	0.7	0.9	0.67	0.39		0.39
Short Term Debt	0.29	0.15	0.36	0.28	0.25	0.32	0.21	0.42	0.4	0.25	0.44	0.09	0.57	0.1	0.43	0.34	0.26	0.54	0.17	0.41	0.14	0.36	0.07	-0.07	0.39

Click cells to compare fundamentals

EnLink Midstream Account Relationship Matchups

EnLink Midstream fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.3B	8.6B	8.5B	8.7B	8.3B	5.5B
Total Stockholder Equity	2.1B	1.5B	1.3B	2.9B	2.6B	2.8B
Property Plant And Equipment Net	7.1B	6.7B	6.4B	6.6B	6.4B	3.6B
Non Current Assets Total	8.7B	7.9B	7.6B	7.7B	7.5B	5.2B
Non Currrent Assets Other	128.2M	75.5M	96.6M	(613.3M)	112.2M	117.8M
Common Stock Shares Outstanding	188.6M	463.9M	489.3M	494.3M	485.3M	466M
Liabilities And Stockholders Equity	9.3B	8.6B	8.5B	8.7B	8.3B	5.5B
Other Assets	52.1M	122M	36.7M	31.3M	28.2M	46.1M
Other Stockholder Equity	1.7B	1.7B	(209.2M)	1.0B	1.6B	1.1B
Total Liab	5.5B	5.3B	5.5B	5.7B	5.7B	3.2B
Property Plant And Equipment Gross	7.1B	6.7B	10.7B	11.3B	11.5B	12.1B
Short Long Term Debt Total	4.8B	4.6B	4.4B	4.7B	4.6B	2.5B
Other Current Liab	55.2M	66.2M	68.3M	703.8M	107M	101.7M
Total Current Liabilities	647.1M	888M	898.9M	875.4M	993.6M	640.4M
Current Deferred Revenue	499.1M	394.2M	672.9M	18.5M	634M	665.7M
Net Debt	4.7B	4.6B	4.4B	4.7B	4.6B	2.5B
Accounts Payable	71.7M	61.5M	139.6M	126.9M	126.5M	132.8M
Cash	77.4M	39.6M	26.2M	22.6M	28.7M	29.4M
Cash And Short Term Investments	77.4M	39.6M	26.2M	22.6M	28.7M	41.8M
Net Receivables	496.3M	528.1M	788.2M	725.2M	667.3M	491.6M
Common Stock Total Equity	1.9B	1.7B	2.1B	1.5B	1.7B	870.5M
Non Current Liabilities Total	4.9B	4.4B	4.6B	4.9B	4.7B	2.7B
Inventory	43.4M	44.9M	49.4M	147.1M	46.4M	34.7M
Other Current Assets	27.3M	38.8M	56.6M	960.2M	19M	18.1M
Total Current Assets	644.4M	651.4M	920.4M	982.8M	838.3M	593.9M
Accumulated Other Comprehensive Income	(11M)	(15.3M)	(1.4M)	700K	630K	661.5K
Short Term Debt	21.1M	366.1M	18.1M	26.2M	126.1M	132.4M
Intangible Assets	1.2B	1.1B	1.0B	921.2M	793.6M	796.0M
Common Stock	2.1B	1.5B	1.3B	1.3B	1.0B	936.4M
Other Liab	24.4M	134.6M	166.5M	73.2M	65.9M	62.6M
Property Plant Equipment	7.1B	6.7B	6.4B	6.6B	7.5B	6.5B
Net Tangible Assets	695.2M	368.1M	253M	385.2M	443.0M	465.1M
Noncontrolling Interest In Consolidated Entity	1.7B	1.7B	1.7B	1.6B	1.4B	2.2B
Long Term Debt	4.8B	4.2B	4.4B	4.7B	4.5B	4.2B
Long Term Debt Total	4.8B	4.2B	4.4B	4.7B	5.4B	4.2B
Deferred Long Term Liab	6.8M	111.1M	139.7M	45.4M	40.9M	38.8M
Long Term Investments	4.3M	4.9M	200K	2.9M	150.5M	158.0M

EnLink Midstream Investors Sentiment

The influence of EnLink Midstream's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in EnLink. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to EnLink Midstream's public news can be used to forecast risks associated with an investment in EnLink. The trend in average sentiment can be used to explain how an investor holding EnLink can time the market purely based on public headlines and social activities around EnLink Midstream LLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

EnLink Midstream's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for EnLink Midstream's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average EnLink Midstream's news discussions. The higher the estimated score, the more favorable is the investor's outlook on EnLink Midstream.

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 EnLink Midstream 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, EnLink Midstream's short interest history, or implied volatility extrapolated from EnLink Midstream options trading.

Pair Trading with EnLink Midstream

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 EnLink Midstream 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 EnLink Midstream will appreciate offsetting losses from the drop in the long position's value.

Moving together with EnLink Stock

0.92	AM	Antero Midstream Partners	Pair Corr
0.94	ET	Energy Transfer LP Earnings Call This Week	Pair Corr

Moving against EnLink Stock

0.69	EURN	Euronav NV Financial Report 9th of May 2024	Pair Corr
0.61	TK	Teekay Earnings Call This Week	Pair Corr
0.6	PBT	Permian Basin Royalty Earnings Call This Week	Pair Corr
0.58	CQP	Cheniere Energy Partners Financial Report 7th of May 2024	Pair Corr

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

The correlation of EnLink Midstream 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 EnLink Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EnLink Midstream LLC 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 EnLink Midstream 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 EnLink Midstream LLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EnLink Midstream's 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 Enlink Midstream Llc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enlink Midstream Llc Stock:

How To Invest In EnLink

Details

Is EnLink Stock a good investment?

Details

What is EnLink Midstream's Net Worth?

Details

Largest Oil & Gas Midstream Companies

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Largest Energy Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EnLink Midstream LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

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

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Is EnLink Midstream'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 EnLink Midstream. If investors know EnLink 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 EnLink Midstream 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

(0.75)

Dividend Share

0.383

Earnings Share

0.44

Revenue Per Share

14.782

Quarterly Revenue Growth

(0.06)

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

Gross Profit vs Ebit

Gross Profit vs Ebit Correlation Analysis

Correlation Coefficient

Gross Profit

Ebit

EnLink Midstream fundamental ratios Correlations

EnLink Midstream Account Relationship Matchups

High Positive Relationship

High Negative Relationship

EnLink Midstream fundamental ratios Accounts

EnLink Midstream Investors Sentiment

Pair Trading with EnLink Midstream

Moving together with EnLink Stock

Moving against EnLink Stock

Complementary Tools for EnLink Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Liab
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Net Debt
Total Liab	+ 0.98	Property Plant And Equipment Net

Other Current Assets	- 0.74	Non Currrent Assets Other
Current Deferred Revenue	- 0.66	Other Current Liab
Inventory	- 0.52	Non Currrent Assets Other
Other Assets	- 0.48	Non Current Assets Total
Other Assets	- 0.48	Total Assets
Other Assets	- 0.4	Property Plant And Equipment Net