Equinor Invested Capital vs Enterprise Value Analysis

EQNR Stock

USD 27.23 0.02 0.07%

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

Invested Capital vs Enterprise Value

Invested Capital vs Enterprise Value Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equinor ASA ADR Invested Capital account and Enterprise Value. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Equinor ASA's Invested Capital and Enterprise Value is -0.64. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Equinor ASA ADR, assuming nothing else is changed. The correlation between historical values of Equinor ASA's Invested Capital and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Equinor ASA ADR are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Invested Capital i.e., Equinor ASA's Invested Capital and Enterprise Value go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Equinor ASA ADR. There are two different methods for calculating Equinor ASA ADR invested capital: operating approach and financing approach. Understanding Equinor ASA invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Enterprise Value

Enterprise Value (or EV) is usually referred to as Equinor ASA theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Equinor ASA ADR debt, but would also pocket its cash. Enterprise Value is more accurate representation of Equinor ASA value than its market capitalization because it takes into account all of Equinor ASA ADR existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.

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

At this time, Equinor ASA's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 04/19/2024, Enterprise Value Multiple is likely to grow to 5.05, while Selling General Administrative is likely to drop slightly above 885.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	41.9B	88.8B	36.7B	31.6B
Total Revenue	88.7B	149.0B	106.8B	76.5B

Gross Profit Total Revenue

Equinor ASA fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Cash And Short Term Investments	Other Liab	Cash	Other Assets
Total Assets		0.74	0.34	0.86	0.91	0.82	0.54	0.35	0.73	0.75	0.85	0.52	0.79	0.79	0.9	0.86	0.38	0.47	0.97	0.66	0.48	0.74	0.57	0.56	0.83	0.49
Short Long Term Debt Total	0.74		0.2	0.5	0.51	0.62	0.2	0.85	0.34	0.35	0.63	0.1	0.36	0.76	0.92	0.45	0.39	0.46	0.81	0.44	0.48	0.36	0.46	0.6	0.5	0.2
Other Current Liab	0.34	0.2		0.59	0.21	-0.14	0.38	-0.08	0.39	0.11	-0.08	-0.15	0.62	0.05	0.17	0.39	0.57	-0.34	0.39	0.65	0.32	-0.02	0.62	0.34	0.52	0.4
Total Current Liabilities	0.86	0.5	0.59		0.69	0.43	0.8	0.08	0.73	0.54	0.5	0.34	0.97	0.45	0.65	0.8	0.65	0.08	0.88	0.85	0.6	0.53	0.74	0.57	0.82	0.71
Total Stockholder Equity	0.91	0.51	0.21	0.69		0.87	0.38	0.09	0.72	0.89	0.89	0.67	0.66	0.72	0.72	0.86	0.05	0.48	0.78	0.47	0.21	0.77	0.39	0.32	0.81	0.35
Property Plant And Equipment Net	0.82	0.62	-0.14	0.43	0.87		0.15	0.37	0.5	0.79	0.99	0.69	0.36	0.87	0.81	0.69	-0.05	0.78	0.71	0.2	0.15	0.83	0.13	0.28	0.56	0.13
Current Deferred Revenue	0.54	0.2	0.38	0.8	0.38	0.15		-0.12	0.72	0.18	0.2	0.21	0.77	0.23	0.35	0.47	0.65	-0.15	0.59	0.88	0.74	0.33	0.82	0.66	0.57	0.79
Net Debt	0.35	0.85	-0.08	0.08	0.09	0.37	-0.12		0.0	0.03	0.36	-0.18	-0.04	0.6	0.69	0.07	0.2	0.47	0.47	0.09	0.38	0.12	0.15	0.48	-0.02	-0.1
Retained Earnings	0.73	0.34	0.39	0.73	0.72	0.5	0.72	0.0		0.61	0.54	0.4	0.71	0.56	0.52	0.72	0.19	0.13	0.67	0.81	0.69	0.64	0.79	0.74	0.63	0.71
Accounts Payable	0.75	0.35	0.11	0.54	0.89	0.79	0.18	0.03	0.61		0.82	0.78	0.56	0.58	0.56	0.87	-0.16	0.4	0.6	0.3	0.12	0.76	0.2	0.14	0.6	0.35
Non Current Assets Total	0.85	0.63	-0.08	0.5	0.89	0.99	0.2	0.36	0.54	0.82		0.71	0.44	0.88	0.83	0.74	0.0	0.76	0.76	0.25	0.2	0.86	0.18	0.32	0.59	0.19
Non Currrent Assets Other	0.52	0.1	-0.15	0.34	0.67	0.69	0.21	-0.18	0.4	0.78	0.71		0.33	0.43	0.36	0.63	-0.12	0.35	0.39	0.14	0.03	0.69	0.04	-0.02	0.47	0.35
Net Receivables	0.79	0.36	0.62	0.97	0.66	0.36	0.77	-0.04	0.71	0.56	0.44	0.33		0.38	0.54	0.81	0.61	0.04	0.8	0.82	0.52	0.52	0.69	0.48	0.76	0.69
Common Stock Shares Outstanding	0.79	0.76	0.05	0.45	0.72	0.87	0.23	0.6	0.56	0.58	0.88	0.43	0.38		0.88	0.59	0.17	0.78	0.76	0.37	0.39	0.75	0.33	0.59	0.44	0.13
Non Current Liabilities Total	0.9	0.92	0.17	0.65	0.72	0.81	0.35	0.69	0.52	0.56	0.83	0.36	0.54	0.88		0.65	0.38	0.62	0.94	0.5	0.5	0.65	0.46	0.61	0.62	0.32
Inventory	0.86	0.45	0.39	0.8	0.86	0.69	0.47	0.07	0.72	0.87	0.74	0.63	0.81	0.59	0.65		0.26	0.35	0.79	0.57	0.35	0.79	0.44	0.35	0.72	0.48
Other Current Assets	0.38	0.39	0.57	0.65	0.05	-0.05	0.65	0.2	0.19	-0.16	0.0	-0.12	0.61	0.17	0.38	0.26		-0.06	0.54	0.64	0.5	0.08	0.55	0.43	0.42	0.42
Other Stockholder Equity	0.47	0.46	-0.34	0.08	0.48	0.78	-0.15	0.47	0.13	0.4	0.76	0.35	0.04	0.78	0.62	0.35	-0.06		0.43	-0.18	-0.06	0.74	-0.26	0.12	0.08	-0.3
Total Liab	0.97	0.81	0.39	0.88	0.78	0.71	0.59	0.47	0.67	0.6	0.76	0.39	0.8	0.76	0.94	0.79	0.54	0.43		0.71	0.59	0.66	0.63	0.65	0.77	0.53
Total Current Assets	0.66	0.44	0.65	0.85	0.47	0.2	0.88	0.09	0.81	0.3	0.25	0.14	0.82	0.37	0.5	0.57	0.64	-0.18	0.71		0.82	0.31	0.97	0.79	0.68	0.83
Short Term Debt	0.48	0.48	0.32	0.6	0.21	0.15	0.74	0.38	0.69	0.12	0.2	0.03	0.52	0.39	0.5	0.35	0.5	-0.06	0.59	0.82		0.28	0.83	0.92	0.28	0.79
Common Stock	0.74	0.36	-0.02	0.53	0.77	0.83	0.33	0.12	0.64	0.76	0.86	0.69	0.52	0.75	0.65	0.79	0.08	0.74	0.66	0.31	0.28		0.17	0.34	0.46	0.3
Cash And Short Term Investments	0.57	0.46	0.62	0.74	0.39	0.13	0.82	0.15	0.79	0.2	0.18	0.04	0.69	0.33	0.46	0.44	0.55	-0.26	0.63	0.97	0.83	0.17		0.83	0.62	0.8
Other Liab	0.56	0.6	0.34	0.57	0.32	0.28	0.66	0.48	0.74	0.14	0.32	-0.02	0.48	0.59	0.61	0.35	0.43	0.12	0.65	0.79	0.92	0.34	0.83		0.32	0.62
Cash	0.83	0.5	0.52	0.82	0.81	0.56	0.57	-0.02	0.63	0.6	0.59	0.47	0.76	0.44	0.62	0.72	0.42	0.08	0.77	0.68	0.28	0.46	0.62	0.32		0.54
Other Assets	0.49	0.2	0.4	0.71	0.35	0.13	0.79	-0.1	0.71	0.35	0.19	0.35	0.69	0.13	0.32	0.48	0.42	-0.3	0.53	0.83	0.79	0.3	0.8	0.62	0.54

Click cells to compare fundamentals

Equinor ASA Account Relationship Matchups

Equinor ASA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	118.1B	122.0B	147.1B	158.0B	143.6B	98.9B
Short Long Term Debt Total	29.0B	38.1B	36.2B	32.2B	31.8B	21.4B
Other Current Liab	462M	2.0B	4.7B	24.8B	1.6B	2.4B
Total Current Liabilities	19.6B	19.8B	39.1B	43.8B	35.7B	21.1B
Total Stockholder Equity	41.1B	33.9B	39.0B	54.0B	48.5B	34.5B
Property Plant And Equipment Net	70.0B	65.7B	62.1B	56.5B	58.8B	53.2B
Current Deferred Revenue	4.6B	1.5B	21.8B	15.0B	17.2B	18.1B
Net Debt	23.9B	31.4B	24.2B	16.6B	22.2B	14.6B
Retained Earnings	37.5B	30.1B	36.7B	58.2B	56.5B	59.3B
Accounts Payable	10.5B	10.5B	6.2B	13.4B	11.9B	9.2B
Non Current Assets Total	93.3B	89.8B	84.6B	79.9B	82.6B	70.5B
Non Currrent Assets Other	3.7B	4.6B	3.8B	4.0B	3.6B	5.2B
Net Receivables	8.2B	8.2B	17.9B	22.5B	16.9B	10.6B
Common Stock Shares Outstanding	3.3B	3.3B	3.3B	3.2B	3.0B	3.1B
Liabilities And Stockholders Equity	118.1B	122.0B	147.1B	158.0B	143.6B	98.9B
Non Current Liabilities Total	57.3B	68.3B	69.0B	60.2B	59.4B	43.0B
Inventory	3.4B	3.1B	3.4B	5.2B	3.8B	2.9B
Other Current Assets	578M	2.2B	7.9B	5.1B	1.4B	2.0B
Other Stockholder Equity	7.7B	6.9B	6.4B	3.0B	3.5B	3.3B
Total Liab	76.9B	88.1B	108.1B	104.0B	95.1B	64.1B
Total Current Assets	24.8B	32.2B	62.5B	78.2B	61.0B	64.0B
Short Term Debt	4.1B	5.8B	6.4B	5.6B	7.3B	7.6B
Cash And Short Term Investments	12.6B	18.6B	33.3B	45.5B	38.9B	40.8B
Other Liab	29.7B	32.4B	35.9B	39.1B	45.0B	47.2B
Cash	5.2B	6.8B	12.0B	15.6B	9.6B	6.4B
Long Term Debt	24.9B	32.3B	27.4B	24.1B	22.2B	18.8B
Short Term Investments	7.4B	11.9B	21.2B	29.9B	29.2B	30.7B
Accumulated Other Comprehensive Income	(5.3B)	(4.2B)	(5.2B)	(8.4B)	(9.1B)	(8.7B)
Intangible Assets	9.3B	6.7B	5.0B	3.8B	5.7B	6.8B
Property Plant Equipment	70.0B	65.7B	62.1B	56.5B	65.0B	56.0B
Property Plant And Equipment Gross	70.0B	65.7B	212.2B	199.6B	202.2B	212.3B
Good Will	1.5B	1.5B	1.5B	1.4B	1.7B	1.1B
Net Tangible Assets	30.4B	25.7B	32.6B	48.8B	56.2B	36.5B
Long Term Investments	5.0B	6.3B	6.0B	5.5B	5.9B	5.6B
Short Long Term Debt	4.1B	5.8B	5.3B	4.4B	6.0B	4.4B

Pair Trading with Equinor ASA

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 Equinor ASA 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 Equinor ASA will appreciate offsetting losses from the drop in the long position's value.

Moving against Equinor Stock

0.65

NuStar Energy LP Financial Report 2nd of May 2024

Pair Corr

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

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

How To Invest In Equinor

Details

Is Equinor Stock a good investment?

Details

What is Equinor ASA's Net Worth?

Details

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

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Equinor Stock analysis

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

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Is Equinor ASA'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 Equinor ASA. If investors know Equinor 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 Equinor ASA 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

(0.65)

Dividend Share

1.25

Earnings Share

3.93

Revenue Per Share

17.684

Quarterly Revenue Growth

(0.15)

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

Invested Capital vs Enterprise Value

Invested Capital vs Enterprise Value Correlation Analysis

Correlation Coefficient

Invested Capital

Enterprise Value

Equinor ASA fundamental ratios Correlations

Equinor ASA Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Equinor ASA fundamental ratios Accounts

Pair Trading with Equinor ASA

Moving against Equinor Stock

Complementary Tools for Equinor Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.97	Total Assets
Net Receivables	+ 0.97	Total Current Liabilities
Cash And Short Term Investments	+ 0.97	Total Current Assets
Total Liab	+ 0.94	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.92	Short Long Term Debt Total

Other Stockholder Equity	- 0.34	Other Current Liab
Other Assets	- 0.3	Other Stockholder Equity
Cash And Short Term Investments	- 0.26	Other Stockholder Equity
Total Current Assets	- 0.18	Other Stockholder Equity
Non Currrent Assets Other	- 0.18	Net Debt
Other Current Assets	- 0.16	Accounts Payable