Cummins Net Invested Capital vs Treasury Stock Analysis
CMI Stock | USD 281.73 2.61 0.94% |
Cummins financial indicator trend analysis is way more than just evaluating Cummins prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cummins is a good investment. Please check the relationship between Cummins Net Invested Capital and its Treasury Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.
Net Invested Capital vs Treasury Stock
Net Invested Capital vs Treasury Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cummins Net Invested Capital account and Treasury Stock. At this time, the significance of the direction appears to have pay attention.
The correlation between Cummins' Net Invested Capital and Treasury Stock is -0.8. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Treasury Stock in the same time period over historical financial statements of Cummins, assuming nothing else is changed. The correlation between historical values of Cummins' Net Invested Capital and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Cummins are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Net Invested Capital i.e., Cummins' Net Invested Capital and Treasury Stock go up and down completely randomly.
Correlation Coefficient | -0.8 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Treasury Stock
Most indicators from Cummins' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cummins 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 Cummins. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.As of now, Cummins' Enterprise Value Multiple is increasing as compared to previous years. The Cummins' current Enterprise Value is estimated to increase to about 31.3 B, while Tax Provision is projected to decrease to under 536.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.7B | 6.7B | 8.2B | 8.7B | Total Revenue | 24.0B | 28.1B | 34.1B | 35.8B |
Cummins fundamental ratios Correlations
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Cummins Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cummins fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 19.7B | 22.6B | 23.7B | 30.3B | 32.0B | 33.6B | |
Short Long Term Debt Total | 2.4B | 4.2B | 4.2B | 7.9B | 7.2B | 7.6B | |
Other Current Liab | 2.4B | 2.3B | 2.6B | 2.8B | 5.4B | 5.7B | |
Total Current Liabilities | 6.3B | 6.3B | 7.1B | 11.4B | 12.9B | 13.5B | |
Total Stockholder Equity | 7.5B | 8.1B | 8.5B | 9.0B | 8.9B | 9.3B | |
Property Plant And Equipment Net | 4.2B | 4.3B | 4.4B | 5.5B | 6.8B | 7.1B | |
Net Debt | 1.2B | 763M | 1.6B | 5.8B | 5.0B | 5.3B | |
Retained Earnings | 14.4B | 15.4B | 16.7B | 18.0B | 17.9B | 18.7B | |
Cash | 1.1B | 3.4B | 2.6B | 2.1B | 2.2B | 2.3B | |
Non Current Assets Total | 10.4B | 10.7B | 11.4B | 15.8B | 16.8B | 17.6B | |
Non Currrent Assets Other | 1.6B | 2.3B | 2.8B | 2.9B | 2.2B | 2.3B | |
Cash And Short Term Investments | 1.5B | 3.9B | 3.2B | 2.6B | 2.7B | 2.9B | |
Net Receivables | 3.7B | 3.8B | 4.0B | 5.2B | 5.6B | 5.9B | |
Common Stock Shares Outstanding | 156.1M | 149M | 145.9M | 142.3M | 142.7M | 170.0M | |
Liabilities And Stockholders Equity | 19.7B | 22.6B | 23.7B | 30.3B | 32.0B | 33.6B | |
Non Current Liabilities Total | 5.0B | 7.3B | 7.2B | 8.7B | 9.2B | 9.7B | |
Inventory | 3.5B | 3.4B | 4.4B | 5.6B | 5.7B | 6.0B | |
Other Current Assets | 761M | 790M | 777M | 1.1B | 1.2B | 1.3B | |
Other Stockholder Equity | (7.2B) | (7.8B) | (9.1B) | (9.4B) | (7.4B) | (7.0B) | |
Total Liab | 11.3B | 13.6B | 14.3B | 20.1B | 22.1B | 23.2B | |
Property Plant And Equipment Gross | 4.2B | 4.7B | 9.8B | 11.0B | 12.2B | 12.8B | |
Total Current Assets | 9.4B | 11.9B | 12.3B | 14.5B | 15.2B | 16.0B | |
Accumulated Other Comprehensive Income | (2.0B) | (2.0B) | (1.6B) | (1.9B) | (2.2B) | (2.1B) | |
Short Term Debt | 791M | 554M | 580M | 3.4B | 2.0B | 2.1B | |
Accounts Payable | 2.5B | 2.8B | 3.0B | 4.3B | 4.3B | 4.5B | |
Common Stock | 2.3B | 2.4B | 2.4B | 2.2B | 556M | 1.1B | |
Intangible Assets | 1.0B | 963M | 900M | 2.7B | 2.5B | 2.6B | |
Current Deferred Revenue | 533M | 691M | 855M | 1.0B | 1.2B | 1.3B | |
Common Stock Total Equity | 2.3B | 2.4B | 2.4B | 2.2B | 2.6B | 1.3B | |
Good Will | 1.3B | 1.3B | 1.3B | 2.3B | 2.5B | 2.6B | |
Other Liab | 3.1B | 3.3B | 3.6B | 3.6B | 4.2B | 2.1B | |
Other Assets | 2.1B | 2.3B | 3.3B | 3.0B | 3.5B | 3.7B | |
Treasury Stock | (7.2B) | (7.8B) | (9.1B) | (9.4B) | (8.5B) | (8.0B) | |
Property Plant Equipment | 4.2B | 4.3B | 4.4B | 5.5B | 6.3B | 6.7B | |
Short Term Investments | 341M | 461M | 595M | 472M | 562M | 590.1M | |
Net Tangible Assets | 5.2B | 5.8B | 6.3B | 4.2B | 4.8B | 6.0B | |
Noncontrolling Interest In Consolidated Entity | 911M | 958M | 927M | 992M | 1.1B | 648.2M | |
Retained Earnings Total Equity | 14.4B | 15.4B | 16.7B | 18.0B | 20.7B | 11.8B |
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When determining whether Cummins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cummins' 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 Cummins Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cummins Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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When running Cummins' price analysis, check to measure Cummins' 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 Cummins is operating at the current time. Most of Cummins' value examination focuses on studying past and present price action to predict the probability of Cummins' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cummins' price. Additionally, you may evaluate how the addition of Cummins to your portfolios can decrease your overall portfolio volatility.
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Is Cummins' 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 Cummins. If investors know Cummins 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 Cummins 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 1.528 | Dividend Share 6.61 | Earnings Share 13.62 | Revenue Per Share 240.134 | Quarterly Revenue Growth (0.01) |
The market value of Cummins is measured differently than its book value, which is the value of Cummins that is recorded on the company's balance sheet. Investors also form their own opinion of Cummins' value that differs from its market value or its book value, called intrinsic value, which is Cummins' 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 Cummins' market value can be influenced by many factors that don't directly affect Cummins' 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 Cummins' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cummins is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cummins' 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.