Discover Operating Income vs Ebitda Analysis

DFS Stock

USD 125.42 0.61 0.49%

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

Operating Income vs Ebitda

Operating Income vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Discover Financial Operating Income account and Ebitda. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Discover Financial's Operating Income and Ebitda is -0.45. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of Discover Financial Services, assuming nothing else is changed. The correlation between historical values of Discover Financial's Operating Income 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 Operating Income of Discover Financial Services 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 Operating Income i.e., Discover Financial's Operating Income and Ebitda go up and down completely randomly.

Correlation Coefficient

-0.45

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Discover Financial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Discover Financial Services is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Ebitda

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

At this time, Discover Financial's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 238.72 in 2024, whereas Tax Provision is likely to drop slightly above 897.2 M in 2024.

	2023	2024 (projected)
Total Revenue	20.6B	21.6B
Interest Expense	860M	1.3B

Total Revenue Interest Expense

Discover Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Inventory	Other Current Assets
Total Assets		0.65	0.93	-0.05	0.51	-0.83	0.54	-0.83	0.56	0.05	0.13	-0.57	0.83	0.81	0.06	0.73	0.25	0.14	0.7	0.67	0.46	-0.34	0.86	0.15	-0.49	-0.32
Short Long Term Debt Total	0.65		0.7	0.47	-0.09	-0.33	0.04	-0.35	0.38	0.64	0.6	-0.33	0.36	0.37	-0.04	0.65	0.29	0.29	0.97	0.49	0.45	-0.01	0.83	0.15	-0.57	-0.31
Total Stockholder Equity	0.93	0.7		0.07	0.46	-0.7	0.52	-0.74	0.65	0.0	0.02	-0.43	0.67	0.76	0.15	0.67	0.22	0.16	0.69	0.54	0.47	-0.21	0.85	0.17	-0.52	-0.23
Net Debt	-0.05	0.47	0.07		-0.38	0.37	-0.13	0.3	0.25	0.34	0.25	0.21	-0.37	-0.23	-0.21	-0.37	0.52	0.64	0.38	-0.38	0.49	0.09	0.17	0.0	-0.53	-0.04
Other Assets	0.51	-0.09	0.46	-0.38		-0.64	0.81	-0.75	0.47	-0.6	-0.61	-0.34	0.6	0.77	0.1	0.25	0.18	0.15	-0.05	0.35	0.37	-0.54	0.3	-0.11	-0.22	0.19
Common Stock Shares Outstanding	-0.83	-0.33	-0.7	0.37	-0.64		-0.57	0.95	-0.43	0.21	0.03	0.81	-0.97	-0.91	-0.08	-0.67	-0.14	0.02	-0.47	-0.76	-0.27	0.57	-0.52	0.08	0.23	0.31
Non Current Liabilities Total	0.54	0.04	0.52	-0.13	0.81	-0.57		-0.74	0.76	-0.52	-0.43	-0.36	0.45	0.79	-0.09	0.17	0.55	0.46	0.08	0.09	0.7	-0.68	0.37	0.01	-0.56	-0.14
Other Stockholder Equity	-0.83	-0.35	-0.74	0.3	-0.75	0.95	-0.74		-0.62	0.29	0.12	0.75	-0.89	-0.99	-0.14	-0.64	-0.32	-0.16	-0.46	-0.67	-0.43	0.67	-0.61	0.01	0.36	0.32
Total Liab	0.56	0.38	0.65	0.25	0.47	-0.43	0.76	-0.62		-0.33	-0.28	-0.31	0.28	0.69	0.16	0.2	0.7	0.67	0.37	0.04	0.69	-0.5	0.56	0.15	-0.61	-0.18
Other Current Liab	0.05	0.64	0.0	0.34	-0.6	0.21	-0.52	0.29	-0.33		0.9	0.07	-0.1	-0.31	-0.41	0.37	-0.07	-0.03	0.6	0.21	0.01	0.43	0.29	0.18	-0.18	-0.13
Total Current Liabilities	0.13	0.6	0.02	0.25	-0.61	0.03	-0.43	0.12	-0.28	0.9		-0.15	0.05	-0.17	-0.34	0.41	0.05	-0.06	0.63	0.29	0.03	0.17	0.28	0.21	-0.17	-0.53
Other Liab	-0.57	-0.33	-0.43	0.21	-0.34	0.81	-0.36	0.75	-0.31	0.07	-0.15		-0.76	-0.71	-0.05	-0.54	-0.19	-0.03	-0.53	-0.64	-0.22	0.61	-0.32	0.25	0.19	0.4
Property Plant And Equipment Net	0.83	0.36	0.67	-0.37	0.6	-0.97	0.45	-0.89	0.28	-0.1	0.05	-0.76		0.83	0.04	0.7	0.03	-0.12	0.49	0.8	0.21	-0.46	0.53	-0.09	-0.2	-0.24
Retained Earnings	0.81	0.37	0.76	-0.23	0.77	-0.91	0.79	-0.99	0.69	-0.31	-0.17	-0.71	0.83		0.13	0.6	0.38	0.24	0.47	0.61	0.51	-0.68	0.63	0.0	-0.43	-0.3
Accounts Payable	0.06	-0.04	0.15	-0.21	0.1	-0.08	-0.09	-0.14	0.16	-0.41	-0.34	-0.05	0.04	0.13		0.13	-0.18	-0.24	-0.08	0.17	-0.38	-0.08	0.2	0.02	0.39	-0.11
Cash	0.73	0.65	0.67	-0.37	0.25	-0.67	0.17	-0.64	0.2	0.37	0.41	-0.54	0.7	0.6	0.13		-0.13	-0.23	0.7	0.85	0.06	-0.1	0.73	0.16	-0.14	-0.29
Non Current Assets Total	0.25	0.29	0.22	0.52	0.18	-0.14	0.55	-0.32	0.7	-0.07	0.05	-0.19	0.03	0.38	-0.18	-0.13		0.94	0.3	-0.1	0.68	-0.62	0.33	0.18	-0.54	-0.38
Non Currrent Assets Other	0.14	0.29	0.16	0.64	0.15	0.02	0.46	-0.16	0.67	-0.03	-0.06	-0.03	-0.12	0.24	-0.24	-0.23	0.94		0.24	-0.22	0.68	-0.44	0.27	0.13	-0.55	-0.07
Long Term Debt	0.7	0.97	0.69	0.38	-0.05	-0.47	0.08	-0.46	0.37	0.6	0.63	-0.53	0.49	0.47	-0.08	0.7	0.3	0.24		0.58	0.45	-0.14	0.79	0.08	-0.55	-0.4
Cash And Short Term Investments	0.67	0.49	0.54	-0.38	0.35	-0.76	0.09	-0.67	0.04	0.21	0.29	-0.64	0.8	0.61	0.17	0.85	-0.1	-0.22	0.58		-0.13	-0.25	0.58	0.03	0.12	-0.24
Net Receivables	0.46	0.45	0.47	0.49	0.37	-0.27	0.7	-0.43	0.69	0.01	0.03	-0.22	0.21	0.51	-0.38	0.06	0.68	0.68	0.45	-0.13		-0.42	0.46	0.01	-0.97	-0.16
Good Will	-0.34	-0.01	-0.21	0.09	-0.54	0.57	-0.68	0.67	-0.5	0.43	0.17	0.61	-0.46	-0.68	-0.08	-0.1	-0.62	-0.44	-0.14	-0.25	-0.42		-0.18	0.34	0.25	0.43
Common Stock Total Equity	0.86	0.83	0.85	0.17	0.3	-0.52	0.37	-0.61	0.56	0.29	0.28	-0.32	0.53	0.63	0.2	0.73	0.33	0.27	0.79	0.58	0.46	-0.18		0.3	-0.51	-0.32
Short Term Investments	0.15	0.15	0.17	0.0	-0.11	0.08	0.01	0.01	0.15	0.18	0.21	0.25	-0.09	0.0	0.02	0.16	0.18	0.13	0.08	0.03	0.01	0.34	0.3		-0.03	-0.23
Inventory	-0.49	-0.57	-0.52	-0.53	-0.22	0.23	-0.56	0.36	-0.61	-0.18	-0.17	0.19	-0.2	-0.43	0.39	-0.14	-0.54	-0.55	-0.55	0.12	-0.97	0.25	-0.51	-0.03		0.17
Other Current Assets	-0.32	-0.31	-0.23	-0.04	0.19	0.31	-0.14	0.32	-0.18	-0.13	-0.53	0.4	-0.24	-0.3	-0.11	-0.29	-0.38	-0.07	-0.4	-0.24	-0.16	0.43	-0.32	-0.23	0.17

Click cells to compare fundamentals

Discover Financial Account Relationship Matchups

Discover Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	114.0B	112.9B	110.2B	131.6B	151.6B	86.8B
Short Long Term Debt Total	25.7B	21.2B	20.2B	20.1B	21.3B	18.1B
Total Stockholder Equity	11.9B	10.9B	13.4B	14.6B	14.8B	10.5B
Net Debt	8.1B	(4.5B)	2.0B	(997M)	9.6B	5.6B
Other Assets	83.5B	70.1B	80.9B	107.6B	151.5B	159.1B
Common Stock Shares Outstanding	320M	307M	300M	278M	254M	341.1M
Liabilities And Stockholders Equity	114.0B	112.9B	110.2B	131.6B	151.6B	86.8B
Non Current Liabilities Total	25.7B	21.2B	19.0B	117.0B	130.6B	137.1B
Other Stockholder Equity	(9.9B)	(10.2B)	(12.3B)	(14.6B)	(16.5B)	(15.6B)
Total Liab	25.7B	21.2B	96.8B	117.0B	136.8B	143.6B
Other Current Liab	57.6B	66.7B	(1.3B)	19.8B	4.0B	3.8B
Total Current Liabilities	62.9B	70.9B	1.3B	23.6B	6.2B	5.9B
Other Liab	199M	227M	198M	212M	190.8M	181.3M
Property Plant And Equipment Net	1.1B	1.0B	983M	1.0B	1.1B	818.5M
Retained Earnings	21.3B	20.0B	24.8B	28.5B	30.4B	32.0B
Accounts Payable	3.7B	3.9B	72.4B	5.3B	6.1B	11.2B
Cash	17.6B	25.7B	18.2B	21.1B	11.7B	13.2B
Non Current Assets Total	12.1B	13.5B	8.1B	13.5B	148.1B	155.5B
Non Currrent Assets Other	(933M)	(2.2B)	(1.9B)	(2.1B)	133.4B	140.0B
Long Term Debt	25.7B	21.2B	19.0B	20.1B	20.6B	17.4B
Cash And Short Term Investments	18.4B	28.4B	20.3B	10.6B	13.8B	11.2B
Net Receivables	92.5B	944M	914M	104.7B	120.5B	126.5B
Short Term Investments	875M	2.7B	2.0B	1.7B	2.1B	1.7B
Inventory	(94.6B)	(2.1B)	(4.7B)	(107.5B)	(96.7B)	(91.9B)
Other Current Assets	2.0B	2.1B	4.7B	2.8B	3.5B	4.5B
Property Plant And Equipment Gross	1.1B	1.0B	2.8B	2.9B	3.1B	3.3B
Total Current Assets	18.4B	29.3B	21.2B	10.6B	3.5B	3.3B
Accumulated Other Comprehensive Income	(119M)	45M	(94M)	(339M)	(225M)	(213.8M)
Short Term Debt	5.2B	4.2B	1.3B	3.8B	2.2B	2.1B
Intangible Assets	161M	155M	95M	255M	703M	738.2M
Property Plant Equipment	1.1B	1.0B	983M	1.0B	1.2B	734.0M
Treasury Stock	(14.1B)	(14.4B)	(16.7B)	(19.1B)	(17.1B)	(16.3B)
Retained Earnings Total Equity	21.3B	20.0B	24.8B	28.5B	32.7B	34.4B
Deferred Long Term Liab	32M	23M	24M	33M	36.8M	19.3M
Net Tangible Assets	10.9B	9.5B	13.2B	13.3B	15.3B	11.1B
Long Term Debt Total	25.7B	21.2B	18.5B	20.1B	23.1B	24.7B

Pair Trading with Discover Financial

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 Discover Financial 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 Discover Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Discover Stock

0.66

SLM

SLM Corp Financial Report 24th of July 2024

Pair Corr

Moving against Discover Stock

0.45

MFIN

Medallion Financial Corp

Pair Corr

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

The correlation of Discover Financial 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 Discover Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discover Financial 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 Discover Financial 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 Discover Financial is a strong investment it is important to analyze Discover Financial'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 Discover Financial's future performance. For an informed investment choice regarding Discover Stock, refer to the following important reports:

How To Invest In Discover

Details

Is Discover Stock a good investment?

Details

What is Discover Financial's Net Worth?

Details

Largest Consumer Finance Companies

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Largest Financial Services Companies

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

Note that the Discover Financial information on this page should be used as a complementary analysis to other Discover Financial'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Discover Stock analysis

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

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Is Discover Financial'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 Discover Financial. If investors know Discover 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 Discover Financial 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

(0.69)

Dividend Share

2.8

Earnings Share

8.81

Revenue Per Share

39.502

Quarterly Revenue Growth

0.028

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

Operating Income vs Ebitda

Operating Income vs Ebitda Correlation Analysis

Correlation Coefficient

Operating Income

Ebitda

Discover Financial fundamental ratios Correlations

Discover Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Discover Financial fundamental ratios Accounts

Pair Trading with Discover Financial

Moving together with Discover Stock

Moving against Discover Stock

Complementary Tools for Discover Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 0.97	Short Long Term Debt Total
Other Stockholder Equity	+ 0.95	Common Stock Shares Outstanding
Non Currrent Assets Other	+ 0.94	Non Current Assets Total
Total Stockholder Equity	+ 0.93	Total Assets
Total Current Liabilities	+ 0.9	Other Current Liab
Common Stock Total Equity	+ 0.86	Total Assets

Retained Earnings	- 0.99	Other Stockholder Equity
Inventory	- 0.97	Net Receivables
Property Plant And Equipment Net	- 0.97	Common Stock Shares Outstanding
Retained Earnings	- 0.91	Common Stock Shares Outstanding
Property Plant And Equipment Net	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.83	Total Assets