Omega Non Operating Income Net Other vs Ebitda Analysis
OFLX Stock | USD 66.99 0.18 0.27% |
Omega Flex financial indicator trend analysis is much more than just breaking down Omega Flex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Omega Flex is a good investment. Please check the relationship between Omega Flex Non Operating Income Net Other and its Ebitda accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Flex. 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. For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.
Non Operating Income Net Other vs Ebitda
Non Operating Income Net Other vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Omega Flex Non Operating Income Net Other account and Ebitda. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Omega Flex's Non Operating Income Net Other and Ebitda is -0.26. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Ebitda in the same time period over historical financial statements of Omega Flex, assuming nothing else is changed. The correlation between historical values of Omega Flex's Non Operating Income Net Other and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Operating Income Net Other of Omega Flex are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Non Operating Income Net Other i.e., Omega Flex's Non Operating Income Net Other and Ebitda go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Operating Income Net Other
Ebitda
Most indicators from Omega Flex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Omega Flex 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Flex. 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. For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.Enterprise Value is likely to rise to about 857.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 17 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 81.5M | 78.3M | 64.9M | 51.2M | Total Revenue | 130.0M | 125.5M | 111.5M | 85.2M |
Omega Flex fundamental ratios Correlations
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Omega Flex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Omega Flex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 61.0M | 71.6M | 88.9M | 97.7M | 100.2M | 59.6M | |
Total Stockholder Equity | 37.4M | 46.1M | 60.4M | 71.0M | 78.7M | 39.9M | |
Other Assets | 1.5M | 2.1M | 1.7M | 6.8M | 1.0 | 0.95 | |
Liabilities And Stockholders Equity | 61.0M | 71.6M | 88.9M | 97.7M | 100.2M | 59.6M | |
Total Liab | 23.4M | 25.2M | 28.4M | 26.5M | 21.4M | 19.5M | |
Other Current Liab | 5.4M | 5.6M | 4.9M | 19.6M | 15.3M | 12.3M | |
Total Current Liabilities | 20.5M | 21.9M | 22.8M | 22.4M | 18.1M | 17.8M | |
Other Liab | 2.5M | 3.1M | 2.6M | 1.4M | 1.6M | 1.6M | |
Retained Earnings | 27.2M | 35.8M | 50.1M | 61.0M | 68.5M | 71.9M | |
Accounts Payable | 2.4M | 2.5M | 3.4M | 2.3M | 2.1M | 2.2M | |
Cash | 16.1M | 23.6M | 32.9M | 37.7M | 46.4M | 48.7M | |
Inventory | 11.1M | 11.5M | 15.6M | 17.8M | 15.6M | 9.9M | |
Other Current Assets | 2.1M | 2.1M | 2.5M | 2.8M | 2.9M | 1.5M | |
Property Plant Equipment | 8.9M | 8.6M | 8.6M | 8.4M | 9.7M | 7.0M | |
Property Plant And Equipment Net | 9.7M | 9.1M | 11.9M | 11.6M | 11.9M | 7.8M | |
Net Debt | (15.3M) | (23.1M) | (29.5M) | (34.5M) | (43.4M) | (41.2M) | |
Non Current Assets Total | 14.7M | 14.2M | 17.2M | 21.9M | 20.0M | 13.9M | |
Cash And Short Term Investments | 16.1M | 23.6M | 32.9M | 37.7M | 46.4M | 48.7M | |
Net Receivables | 17.0M | 20.1M | 20.7M | 17.5M | 15.4M | 15.8M | |
Non Current Liabilities Total | 2.9M | 3.3M | 5.6M | 4.1M | 3.3M | 3.0M | |
Property Plant And Equipment Gross | 9.7M | 9.1M | 26.3M | 26.9M | 28.3M | 29.7M | |
Total Current Assets | 46.3M | 57.4M | 71.7M | 75.8M | 80.2M | 49.9M | |
Accumulated Other Comprehensive Income | (909K) | (778K) | (827K) | (1.1M) | (930K) | (883.5K) | |
Short Term Debt | 369K | 247K | 383K | 447K | 454K | 431.3K | |
Non Currrent Assets Other | 1.5M | 1.6M | 1.7M | 5.9M | 4.4M | 2.3M | |
Net Tangible Assets | 33.9M | 42.6M | 56.8M | 67.5M | 77.6M | 44.2M | |
Noncontrolling Interest In Consolidated Entity | 194K | 260K | 189K | 196K | 225.4K | 253.4K | |
Retained Earnings Total Equity | 27.2M | 35.8M | 50.1M | 61.0M | 70.1M | 36.9M | |
Deferred Long Term Liab | 331K | 121K | 427K | 6K | 5.4K | 5.1K | |
Non Current Liabilities Other | 2.6M | 3.2M | 5.2M | 4.1M | 603K | 572.9K | |
Net Invested Capital | 37.4M | 46.1M | 60.4M | 71.0M | 78.7M | 65.2M | |
Net Working Capital | 25.8M | 35.5M | 48.9M | 53.4M | 62.1M | 51.3M |
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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 Omega Flex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Omega Flex'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 Omega Flex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Omega Flex Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Flex. 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. For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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When running Omega Flex's price analysis, check to measure Omega Flex'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 Omega Flex is operating at the current time. Most of Omega Flex's value examination focuses on studying past and present price action to predict the probability of Omega Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omega Flex's price. Additionally, you may evaluate how the addition of Omega Flex to your portfolios can decrease your overall portfolio volatility.
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Is Omega Flex'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 Omega Flex. If investors know Omega 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 Omega Flex 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 (0.27) | Dividend Share 1.32 | Earnings Share 1.91 | Revenue Per Share 10.57 | Quarterly Revenue Growth (0.16) |
The market value of Omega Flex is measured differently than its book value, which is the value of Omega that is recorded on the company's balance sheet. Investors also form their own opinion of Omega Flex's value that differs from its market value or its book value, called intrinsic value, which is Omega Flex'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 Omega Flex's market value can be influenced by many factors that don't directly affect Omega Flex'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 Omega Flex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omega Flex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omega Flex'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.