Asbury Common Stock Shares Outstanding vs Good Will Analysis
| ABG Stock | USD 234.76 5.24 2.18% |
Asbury Automotive financial indicator trend analysis is way more than just evaluating Asbury Automotive prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asbury Automotive is a good investment. Please check the relationship between Asbury Automotive Common Stock Shares Outstanding and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive 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 bureau of labor statistics.
Common Stock Shares Outstanding vs Good Will
Common Stock Shares Outstanding vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asbury Automotive Common Stock Shares Outstanding account and Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Asbury Automotive's Common Stock Shares Outstanding and Good Will is -0.44. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Good Will in the same time period over historical financial statements of Asbury Automotive Group, assuming nothing else is changed. The correlation between historical values of Asbury Automotive's Common Stock Shares Outstanding and Good Will 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 Shares Outstanding of Asbury Automotive Group are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Common Stock Shares Outstanding i.e., Asbury Automotive's Common Stock Shares Outstanding and Good Will go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Asbury Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asbury Automotive 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive 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 bureau of labor statistics. At this time, Asbury Automotive's Enterprise Value Over EBITDA is most likely to drop in the upcoming years. The Asbury Automotive's current Enterprise Value Multiple is estimated to increase to 12.40, while Tax Provision is projected to decrease to roughly 153 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 3.1B | 2.7B | 2.8B | Total Revenue | 9.8B | 15.4B | 14.8B | 15.5B |
Asbury Automotive fundamental ratios Correlations
Click cells to compare fundamentals
Asbury Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Asbury Automotive fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.9B | 3.7B | 8.0B | 8.0B | 10.2B | 10.7B | |
| Total Stockholder Equity | 646.3M | 905.5M | 2.1B | 2.9B | 3.2B | 3.4B | |
| Common Stock Shares Outstanding | 21M | 20.3M | 19.3M | 20.1M | 22.4M | 23.1M | |
| Liabilities And Stockholders Equity | 2.9B | 3.7B | 8.0B | 8.0B | 10.2B | 10.7B | |
| Inventory | 985M | 875.2M | 718.4M | 959.2M | 1.8B | 1.9B | |
| Other Stockholder Equity | (445.7M) | (438.2M) | 234.5M | 218.4M | 221.1M | 130.7M | |
| Total Liab | 2.3B | 2.8B | 5.9B | 5.1B | 6.1B | 6.4B | |
| Total Current Assets | 1.6B | 1.4B | 2.1B | 1.9B | 3.1B | 3.2B | |
| Other Current Liab | 100.9M | 220.8M | 417.3M | 376.4M | 661.5M | 694.6M | |
| Total Current Liabilities | 1.2B | 1.2B | 1.6B | 1.0B | 2.9B | 3.0B | |
| Other Liab | 55.5M | 74.1M | 524.4M | 649.3M | 746.7M | 784.0M | |
| Accounts Payable | 81.7M | 97.6M | 163.9M | 147.4M | 155.6M | 163.4M | |
| Cash | 3.5M | 1.4M | 189.4M | 235.3M | 45.7M | 56.0M | |
| Long Term Debt | 907M | 1.2B | 3.5B | 3.2B | 3.1B | 3.3B | |
| Good Will | 201.7M | 562.2M | 2.3B | 1.8B | 2.0B | 2.1B | |
| Short Term Investments | 600K | 11M | 1.1M | 5.4M | 6.2M | 3.3M | |
| Other Current Assets | 90.4M | 141.8M | 157.7M | 181.7M | 1.2B | 1.2B | |
| Intangible Assets | 121.7M | 425.2M | 1.3B | 1.8B | 2.1B | 2.2B | |
| Property Plant Equipment | 909.7M | 956.2M | 2.0B | 1.9B | 2.2B | 2.3B | |
| Short Long Term Debt Total | 1.9B | 2.4B | 4.6B | 3.7B | 5.0B | 5.2B | |
| Property Plant And Equipment Net | 975.3M | 1.3B | 2.3B | 2.2B | 2.6B | 2.7B | |
| Net Debt | 1.9B | 2.4B | 4.4B | 3.5B | 4.9B | 5.2B | |
| Retained Earnings | 1.1B | 1.3B | 1.9B | 2.6B | 3.0B | 3.1B | |
| Non Current Assets Total | 1.3B | 2.3B | 6.1B | 6.1B | 7.1B | 7.5B | |
| Cash And Short Term Investments | 3.5M | 1.4M | 189.4M | 240.7M | 45.7M | 56.8M | |
| Net Receivables | 348M | 337.4M | 469.5M | 446.2M | 564.7M | 298.6M | |
| Non Current Liabilities Total | 1.0B | 1.5B | 4.3B | 4.1B | 3.2B | 3.4B | |
| Property Plant And Equipment Gross | 975.3M | 1.3B | 2.6B | 1.9B | 3.0B | 3.1B | |
| Accumulated Other Comprehensive Income | (2.9M) | (5.6M) | (700K) | 74.4M | 61.1M | 64.2M | |
| Short Term Debt | 921.3M | 896.3M | 799.1M | 253.6M | 1.8B | 1.9B | |
| Treasury Stock | (1.0B) | (1.0B) | (1.0B) | (1.1B) | (956.7M) | (908.9M) | |
| Current Deferred Revenue | 143.1M | 8.7M | 217.7M | 256M | 272.9M | 286.5M | |
| Net Tangible Assets | 375.5M | 214.8M | 306.6M | 3.6B | 4.2B | 4.4B | |
| Retained Earnings Total Equity | 1.1B | 1.3B | 1.9B | 2.6B | 3.0B | 3.2B | |
| Long Term Debt Total | 907M | 1.2B | 3.5B | 3.2B | 3.7B | 3.9B |
Currently Active Assets on Macroaxis
When determining whether Asbury Automotive is a strong investment it is important to analyze Asbury Automotive'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 Asbury Automotive's future performance. For an informed investment choice regarding Asbury Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive 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 bureau of labor statistics. Note that the Asbury Automotive information on this page should be used as a complementary analysis to other Asbury Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Asbury Stock analysis
When running Asbury Automotive's price analysis, check to measure Asbury Automotive'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 Asbury Automotive is operating at the current time. Most of Asbury Automotive's value examination focuses on studying past and present price action to predict the probability of Asbury Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asbury Automotive's price. Additionally, you may evaluate how the addition of Asbury Automotive to your portfolios can decrease your overall portfolio volatility.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |
Is Asbury Automotive'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 Asbury Automotive. If investors know Asbury 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 Asbury Automotive 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 (0.14) | Earnings Share 27.58 | Revenue Per Share 749.531 | Quarterly Revenue Growth 0.173 | Return On Assets 0.0724 |
The market value of Asbury Automotive is measured differently than its book value, which is the value of Asbury that is recorded on the company's balance sheet. Investors also form their own opinion of Asbury Automotive's value that differs from its market value or its book value, called intrinsic value, which is Asbury Automotive'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 Asbury Automotive's market value can be influenced by many factors that don't directly affect Asbury Automotive'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 Asbury Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asbury Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asbury Automotive'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.