New Income Before Tax vs Total Revenue Analysis
NFE Stock | USD 26.93 0.55 2.00% |
New Fortress financial indicator trend analysis is infinitely more than just investigating New Fortress Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Fortress Energy is a good investment. Please check the relationship between New Fortress Income Before Tax and its Total Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. 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.
Income Before Tax vs Total Revenue
Income Before Tax vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Fortress Energy Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between New Fortress' Income Before Tax and Total Revenue is 0.8. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of New Fortress Energy, assuming nothing else is changed. The correlation between historical values of New Fortress' Income Before Tax and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of New Fortress Energy are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., New Fortress' Income Before Tax and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on New Fortress income statement and is an important metric when analyzing New Fortress Energy profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Total Revenue
Total revenue comprises all receipts New Fortress Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from New Fortress' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Fortress Energy 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. 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 present, New Fortress' Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 13.92, whereas Selling General Administrative is forecasted to decline to about 144.9 M.
2023 | 2024 (projected) | Depreciation And Amortization | 187.3M | 196.7M | Interest Income | 8.2M | 8.2M |
New Fortress fundamental ratios Correlations
Click cells to compare fundamentals
New Fortress Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Fortress fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.9B | 6.9B | 7.7B | 10.5B | 11.0B | |
Short Long Term Debt Total | 619.1M | 1.4B | 4.1B | 4.9B | 7.4B | 7.7B | |
Other Current Liab | 90.7M | 35.0M | 106.0M | 1.2B | 634.3M | 666.1M | |
Total Current Liabilities | 102.3M | 191.2M | 562.5M | 1.4B | 1.7B | 1.8B | |
Total Stockholder Equity | 84.8M | 367.0M | 1.8B | 1.3B | 1.6B | 826.4M | |
Other Liab | 14.4M | 17.3M | 328.0M | 75.0M | 86.2M | 70.3M | |
Net Tangible Assets | 23.5M | 320.9M | 888.5M | 427.2M | 491.2M | 382.1M | |
Property Plant And Equipment Net | 750.0M | 996.6M | 4.1B | 4.9B | 8.4B | 8.8B | |
Net Debt | 592.0M | 757.8M | 3.9B | 4.2B | 7.1B | 7.4B | |
Retained Earnings | (45.8M) | (229.5M) | (132.4M) | 62.1M | 528.0M | 554.4M | |
Accounts Payable | 11.6M | 21.3M | 68.1M | 80.4M | 549.5M | 577.0M | |
Cash | 27.1M | 601.5M | 187.5M | 675.5M | 310.8M | 295.1M | |
Non Current Assets Total | 912.7M | 1.1B | 6.3B | 6.3B | 9.5B | 10.0B | |
Non Currrent Assets Other | 116.6M | 55.6M | 106.4M | 137.1M | 126.9M | 84.8M | |
Other Assets | 190.0M | 546.9M | 6.3B | 131.9M | 151.7M | 144.2M | |
Long Term Debt | 619.1M | 1.2B | 3.8B | 4.5B | 6.5B | 6.8B | |
Cash And Short Term Investments | 27.1M | 601.5M | 187.5M | 675.5M | 310.8M | 295.1M | |
Net Receivables | 51.0M | 76.5M | 208.5M | 280.3M | 342.4M | 359.5M | |
Common Stock Total Equity | 130.7M | 1.7M | 2.1M | 2.1M | 1.9M | 1.8M | |
Common Stock Shares Outstanding | 20.9M | 106.7M | 201.7M | 209.9M | 206.5M | 123.9M | |
Liabilities And Stockholders Equity | 1.1B | 1.9B | 6.9B | 7.7B | 10.5B | 11.0B | |
Non Current Liabilities Total | 634.2M | 1.3B | 4.3B | 4.9B | 7.0B | 7.4B | |
Inventory | 63.4M | 22.9M | 37.2M | 39.1M | 113.7M | 119.4M | |
Other Current Assets | 22.5M | 29.5M | 28.1M | 226.9M | 213.1M | 223.8M | |
Other Stockholder Equity | 130.7M | 594.5M | 1.9B | 1.2B | 1.0B | 664.0M | |
Total Liab | 736.5M | 1.5B | 4.9B | 6.3B | 8.7B | 9.2B | |
Long Term Investments | 2.5M | 7.0M | 1.2B | 392.3M | 145.5M | 239.6M | |
Property Plant And Equipment Gross | 658.8M | 996.6M | 4.1B | 4.9B | 8.8B | 9.2B | |
Total Current Assets | 211.1M | 762.0M | 584.9M | 1.4B | 980.0M | 611.3M | |
Accumulated Other Comprehensive Income | (30K) | 182K | (2.1M) | 55.4M | 71.5M | 75.1M | |
Non Current Liabilities Other | 14.9M | 15.6M | 292.5M | 49.0M | 55.6M | 60.6M | |
Common Stock | 130.7M | 1.7M | 2.1M | 2.1M | 2.0M | 1.9M | |
Property Plant Equipment | 658.8M | 989.6M | 3.5B | 4.5B | 5.2B | 5.5B | |
Net Invested Capital | 703.9M | 1.6B | 5.6B | 5.8B | 8.4B | 8.9B | |
Net Working Capital | 108.9M | 570.9M | 22.4M | (22.1M) | (726.3M) | (690.0M) |
New Fortress Investors Sentiment
The influence of New Fortress' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in New. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to New Fortress' public news can be used to forecast risks associated with an investment in New. The trend in average sentiment can be used to explain how an investor holding New can time the market purely based on public headlines and social activities around New Fortress Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
New Fortress' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for New Fortress' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average New Fortress' news discussions. The higher the estimated score, the more favorable is the investor's outlook on New Fortress.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards New Fortress in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, New Fortress' short interest history, or implied volatility extrapolated from New Fortress options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. 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 New Fortress Energy information on this page should be used as a complementary analysis to other New Fortress' 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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When running New Fortress' price analysis, check to measure New Fortress' 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 New Fortress is operating at the current time. Most of New Fortress' value examination focuses on studying past and present price action to predict the probability of New Fortress' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Fortress' price. Additionally, you may evaluate how the addition of New Fortress to your portfolios can decrease your overall portfolio volatility.
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Is New Fortress' 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 New Fortress. If investors know New 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 New Fortress 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 2.449 | Dividend Share 3.4 | Earnings Share 2.65 | Revenue Per Share 11.718 | Quarterly Revenue Growth 0.388 |
The market value of New Fortress Energy is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Fortress' value that differs from its market value or its book value, called intrinsic value, which is New Fortress' 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 New Fortress' market value can be influenced by many factors that don't directly affect New Fortress' 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 New Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if New Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Fortress' 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.