ESCO Dividend Yield vs Interest Coverage Analysis
ESE Stock | USD 105.94 2.60 2.52% |
ESCO Technologies financial indicator trend analysis is much more than just examining ESCO Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESCO Technologies is a good investment. Please check the relationship between ESCO Technologies Dividend Yield and its Interest Coverage accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESCO Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.
Dividend Yield vs Interest Coverage
Dividend Yield vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESCO Technologies Dividend Yield account and Interest Coverage. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ESCO Technologies' Dividend Yield and Interest Coverage is -0.24. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of ESCO Technologies, assuming nothing else is changed. The correlation between historical values of ESCO Technologies' Dividend Yield and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of ESCO Technologies are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Dividend Yield i.e., ESCO Technologies' Dividend Yield and Interest Coverage go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Dividend Yield
Dividend Yield is ESCO Technologies dividend as a percentage of ESCO Technologies stock price. ESCO Technologies dividend yield is a measure of ESCO Technologies stock productivity, which can be interpreted as interest rate earned on an ESCO Technologies investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Interest Coverage
Most indicators from ESCO Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESCO Technologies 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 ESCO Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.The current year's Enterprise Value Multiple is expected to grow to 14.80, whereas Selling General Administrative is forecasted to decline to about 138.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 332.0M | 375.7M | 432.0M | 453.6M | Total Revenue | 857.5M | 956.0M | 1.1B | 599.8M |
ESCO Technologies fundamental ratios Correlations
Click cells to compare fundamentals
ESCO Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ESCO Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.4B | 1.6B | 1.7B | 1.7B | 1.9B | 2.0B | |
Short Long Term Debt Total | 79.2M | 182.0M | 177.9M | 138.6M | 159.3M | 102.8M | |
Other Current Liab | 82.6M | 92.3M | 94.4M | 95.4M | 109.7M | 60.7M | |
Total Current Liabilities | 256.0M | 277.8M | 318.1M | 314.7M | 361.8M | 379.9M | |
Total Stockholder Equity | 961.6M | 1.0B | 1.0B | 1.1B | 1.3B | 1.4B | |
Property Plant And Equipment Net | 161.3M | 186.1M | 185.1M | 195.3M | 224.6M | 235.9M | |
Net Debt | 26.6M | 125.8M | 80.1M | 96.7M | 111.2M | 57.5M | |
Accounts Payable | 50.5M | 56.7M | 78.7M | 87.0M | 100.0M | 51.4M | |
Cash | 52.6M | 56.2M | 97.7M | 41.9M | 48.1M | 39.2M | |
Non Current Assets Total | 926.9M | 1.1B | 1.1B | 1.1B | 1.3B | 1.3B | |
Non Currrent Assets Other | 10.9M | 11.0M | 9.5M | 11.5M | 10.3M | 9.8M | |
Cash And Short Term Investments | 52.6M | 56.2M | 97.7M | 41.9M | 48.1M | 39.2M | |
Net Receivables | 240.8M | 240.1M | 289.8M | 337.2M | 387.8M | 407.2M | |
Common Stock Shares Outstanding | 26.1M | 26.2M | 26.1M | 25.9M | 29.7M | 27.9M | |
Liabilities And Stockholders Equity | 1.4B | 1.6B | 1.7B | 1.7B | 1.9B | 2.0B | |
Non Current Liabilities Total | 155.9M | 279.9M | 288.2M | 237.4M | 273.0M | 152.4M | |
Inventory | 136.2M | 147.1M | 162.4M | 184.1M | 211.7M | 222.3M | |
Other Current Assets | 17.1M | 22.7M | 22.7M | 18.0M | 20.7M | 18.1M | |
Other Stockholder Equity | 186.5M | 190.6M | 174.6M | 165.5M | 148.9M | 189.0M | |
Total Liab | 411.9M | 557.6M | 606.3M | 552.1M | 634.9M | 666.6M | |
Property Plant And Equipment Gross | 161.3M | 301.8M | 185.1M | 195.3M | 224.6M | 235.9M | |
Total Current Assets | 446.6M | 466.2M | 572.6M | 581.1M | 668.3M | 701.7M | |
Accumulated Other Comprehensive Income | (3.7M) | (2.2M) | (31.8M) | (24.0M) | (27.6M) | (28.9M) | |
Intangible Assets | 346.6M | 409.3M | 394.5M | 392.1M | 450.9M | 473.5M | |
Retained Earnings | 778.4M | 831.0M | 905.0M | 989.3M | 1.1B | 1.2B | |
Other Liab | 70.8M | 117.9M | 130.3M | 100.5M | 115.5M | 66.7M | |
Other Assets | 10.9M | 11.0M | 9.5M | 11.5M | 10.3M | 13.3M | |
Long Term Debt | 40M | 134M | 133M | 82M | 94.3M | 102.0M | |
Good Will | 408.1M | 504.9M | 492.7M | 503.2M | 578.7M | 311.3M | |
Treasury Stock | (107.4M) | (107.3M) | (107.1M) | (107.1M) | (96.4M) | (101.2M) | |
Property Plant Equipment | 139.9M | 186.1M | 185.1M | 195.3M | 224.6M | 114.0M | |
Current Deferred Revenue | 100.6M | 108.8M | 125.0M | 112.3M | 129.1M | 135.6M | |
Net Tangible Assets | 206.9M | 105.6M | 161.0M | 235.8M | 271.2M | 284.8M | |
Long Term Debt Total | 293.4M | 40M | 134M | 133M | 153.0M | 132.1M | |
Capital Surpluse | 292.4M | 293.7M | 297.6M | 301.6M | 346.8M | 316.4M |
Pair Trading with ESCO Technologies
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 ESCO Technologies 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 ESCO Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with ESCO Stock
0.63 | ST | Sensata Technologies Financial Report 23rd of April 2024 | PairCorr |
Moving against ESCO Stock
0.65 | DYSL | Dynasil | PairCorr |
0.58 | ELSE | Electro-Sensors | PairCorr |
0.55 | WELX | Winland Holdings | PairCorr |
0.55 | FTV | Fortive Corp Financial Report 24th of April 2024 | PairCorr |
0.49 | VNT | Vontier Corp Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to ESCO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESCO Technologies 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 ESCO Technologies - 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 ESCO Technologies to buy it.
The correlation of ESCO Technologies 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 ESCO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESCO Technologies 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 ESCO Technologies 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESCO Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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When running ESCO Technologies' price analysis, check to measure ESCO Technologies' 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 ESCO Technologies is operating at the current time. Most of ESCO Technologies' value examination focuses on studying past and present price action to predict the probability of ESCO Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESCO Technologies' price. Additionally, you may evaluate how the addition of ESCO Technologies to your portfolios can decrease your overall portfolio volatility.
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Is ESCO Technologies' 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 ESCO Technologies. If investors know ESCO 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 ESCO Technologies 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 (0.10) | Dividend Share 0.32 | Earnings Share 3.6 | Revenue Per Share 37.573 | Quarterly Revenue Growth 0.088 |
The market value of ESCO Technologies is measured differently than its book value, which is the value of ESCO that is recorded on the company's balance sheet. Investors also form their own opinion of ESCO Technologies' value that differs from its market value or its book value, called intrinsic value, which is ESCO Technologies' 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 ESCO Technologies' market value can be influenced by many factors that don't directly affect ESCO Technologies' 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 ESCO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ESCO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESCO Technologies' 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.