Fortune Good Will vs Property Plant Equipment Analysis
FBIN Stock | 70.06 1.23 1.79% |
Fortune Brands financial indicator trend analysis is much more than just examining Fortune Brands Innov latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortune Brands Innov is a good investment. Please check the relationship between Fortune Brands Good Will and its Property Plant Equipment accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortune Brands Innovations. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Good Will vs Property Plant Equipment
Good Will vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Brands Innov Good Will account and Property Plant Equipment. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Fortune Brands' Good Will and Property Plant Equipment is -0.22. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Fortune Brands Innovations, assuming nothing else is changed. The correlation between historical values of Fortune Brands' Good Will and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Fortune Brands Innovations are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Good Will i.e., Fortune Brands' Good Will and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Property Plant Equipment
Most indicators from Fortune Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortune Brands Innov 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 Fortune Brands Innovations. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Fortune Brands' Tax Provision is very stable compared to the past year. As of the 1st of June 2024, Discontinued Operations is likely to grow to about 141.3 M, while Selling General Administrative is likely to drop about 1 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 84.4M | 119.2M | 116.5M | 70.2M | Depreciation And Amortization | 201.7M | 236M | 152.5M | 157.5M |
Fortune Brands fundamental ratios Correlations
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Fortune Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortune Brands fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.3B | 7.4B | 7.9B | 6.1B | 6.5B | 5.9B | |
Short Long Term Debt Total | 2.2B | 2.6B | 2.7B | 2.7B | 2.7B | 1.5B | |
Other Current Liab | 549.6M | 724.6M | 806.2M | 389.5M | 628M | 506.2M | |
Total Current Liabilities | 1.4B | 1.3B | 2.0B | 1.5B | 1.2B | 1.1B | |
Total Stockholder Equity | 2.4B | 2.8B | 3.1B | 2.1B | 2.3B | 2.3B | |
Property Plant And Equipment Net | 824.2M | 917.4M | 1.0B | 783.7M | 975M | 777.6M | |
Net Debt | 1.8B | 2.2B | 2.2B | 2.0B | 2.3B | 1.2B | |
Retained Earnings | 1.8B | 2.2B | 2.8B | 2.3B | 2.6B | 2.7B | |
Accounts Payable | 460M | 620.5M | 764.9M | 421.6M | 531.4M | 450.1M | |
Cash | 387.9M | 419.1M | 471.5M | 642.5M | 366.4M | 320.6M | |
Non Current Assets Total | 4.4B | 5.2B | 5.2B | 3.7B | 4.5B | 4.0B | |
Non Currrent Assets Other | 257.2M | 378.5M | 299.2M | 91.2M | (1.1B) | (1.0B) | |
Cash And Short Term Investments | 387.9M | 419.1M | 471.5M | 642.5M | 366.4M | 320.6M | |
Net Receivables | 624.8M | 734.9M | 885.7M | 521.9M | 534.2M | 577.3M | |
Good Will | 2.1B | 2.4B | 2.5B | 1.6B | 1.9B | 1.9B | |
Common Stock Shares Outstanding | 141.3M | 140.2M | 139.5M | 131.3M | 127.7M | 121.2M | |
Liabilities And Stockholders Equity | 6.3B | 7.4B | 7.9B | 6.1B | 6.5B | 5.9B | |
Non Current Liabilities Total | 2.5B | 3.2B | 2.9B | 2.5B | 3.1B | 2.4B | |
Inventory | 718.6M | 867.2M | 1.2B | 1.0B | 941.3M | 685.4M | |
Other Current Assets | 166.9M | 187.3M | 193.5M | 274.8M | 155.8M | 184.2M | |
Other Stockholder Equity | 734.4M | 648.6M | 279.6M | (278.7M) | (377.1M) | (358.2M) | |
Total Liab | 3.9B | 4.6B | 4.9B | 4.0B | 4.2B | 3.6B | |
Total Current Assets | 1.9B | 2.2B | 2.7B | 2.5B | 2.0B | 1.8B | |
Accumulated Other Comprehensive Income | (72.6M) | (55.1M) | (24.6M) | 37.4M | 63.3M | 66.5M | |
Short Term Debt | 399.7M | 38.5M | 400M | 599.2M | 37.1M | 35.2M | |
Intangible Assets | 1.2B | 1.4B | 1.4B | 1.0B | 1.4B | 1.1B | |
Long Term Debt | 1.8B | 2.6B | 2.3B | 2.1B | 2.7B | 2.4B | |
Net Invested Capital | 4.6B | 5.3B | 5.8B | 4.8B | 5.0B | 5.5B | |
Non Current Liabilities Other | 171.2M | 205.4M | 176M | 278.1M | 99.2M | 145M | |
Net Working Capital | 488.9M | 863.4M | 773.4M | 913.3M | 845.3M | 747.7M |
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When running Fortune Brands' price analysis, check to measure Fortune Brands' 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 Fortune Brands is operating at the current time. Most of Fortune Brands' value examination focuses on studying past and present price action to predict the probability of Fortune Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Brands' price. Additionally, you may evaluate how the addition of Fortune Brands to your portfolios can decrease your overall portfolio volatility.
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Is Fortune Brands' 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 Fortune Brands. If investors know Fortune 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 Fortune Brands 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 0.148 | Dividend Share 0.94 | Earnings Share 3.26 | Revenue Per Share 37.202 | Quarterly Revenue Growth 0.067 |
The market value of Fortune Brands Innov is measured differently than its book value, which is the value of Fortune that is recorded on the company's balance sheet. Investors also form their own opinion of Fortune Brands' value that differs from its market value or its book value, called intrinsic value, which is Fortune Brands' 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 Fortune Brands' market value can be influenced by many factors that don't directly affect Fortune Brands' 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 Fortune Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortune Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortune Brands' 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.