Novartis Free Cash Flow Per Share vs Free Cash Flow Analysis

NVS Stock

USD 102.69 0.53 0.51%

Novartis financial indicator trend analysis is infinitely more than just investigating Novartis AG ADR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Novartis AG ADR is a good investment. Please check the relationship between Novartis Free Cash Flow Per Share and its Free Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novartis AG 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 real.

Free Cash Flow Per Share vs Free Cash Flow

Free Cash Flow Per Share vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Novartis AG ADR Free Cash Flow Per Share account and Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Novartis' Free Cash Flow Per Share and Free Cash Flow is 0.96. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Novartis AG ADR, assuming nothing else is changed. The correlation between historical values of Novartis' Free Cash Flow Per Share and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Novartis AG ADR are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Free Cash Flow Per Share i.e., Novartis' Free Cash Flow Per Share and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Novartis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Novartis AG 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novartis AG 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 real.

At this time, Novartis' Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 5.5 B in 2024, whereas Enterprise Value is likely to drop slightly above 107.4 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	37.0B	36.3B	34.2B	32.3B
Total Revenue	52.9B	51.8B	46.7B	46.2B

Gross Profit Total Revenue

Novartis 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Capital Stock
Total Assets		0.71	0.66	0.78	0.92	0.78	0.52	0.71	0.92	0.92	0.29	0.97	-0.28	0.12	0.7	-0.07	-0.26	-0.01	0.89	0.77	-0.05	-0.96	0.88	0.43	0.41	-0.07
Short Long Term Debt Total	0.71		0.85	0.88	0.39	0.18	0.17	0.9	0.44	0.63	0.58	0.63	0.29	0.42	0.38	-0.4	-0.47	0.18	0.91	0.64	-0.15	-0.53	0.94	0.22	0.5	-0.4
Other Current Liab	0.66	0.85		0.96	0.36	0.18	0.04	0.7	0.39	0.74	0.61	0.5	0.07	0.6	0.26	-0.42	-0.52	0.39	0.74	0.68	0.16	-0.5	0.86	0.27	0.75	-0.44
Total Current Liabilities	0.78	0.88	0.96		0.5	0.36	0.11	0.75	0.52	0.83	0.58	0.66	-0.03	0.46	0.4	-0.36	-0.47	0.21	0.84	0.74	0.15	-0.62	0.94	0.34	0.66	-0.37
Total Stockholder Equity	0.92	0.39	0.36	0.5		0.9	0.65	0.43	0.99	0.83	0.07	0.92	-0.46	-0.05	0.71	0.12	-0.08	-0.08	0.66	0.65	-0.06	-0.98	0.62	0.42	0.26	0.12
Property Plant And Equipment Net	0.78	0.18	0.18	0.36	0.9		0.46	0.28	0.85	0.76	-0.12	0.84	-0.63	-0.34	0.71	0.29	0.09	-0.32	0.53	0.59	0.06	-0.84	0.48	0.45	0.02	0.3
Current Deferred Revenue	0.52	0.17	0.04	0.11	0.65	0.46		0.12	0.69	0.35	0.17	0.55	-0.36	-0.12	0.23	0.1	0.01	-0.26	0.33	0.12	-0.21	-0.64	0.26	0.23	0.04	0.1
Net Debt	0.71	0.9	0.7	0.75	0.43	0.28	0.12		0.47	0.61	0.17	0.7	0.22	0.16	0.45	-0.25	-0.37	0.14	0.9	0.68	-0.14	-0.54	0.88	0.11	0.23	-0.25
Retained Earnings	0.92	0.44	0.39	0.52	0.99	0.85	0.69	0.47		0.82	0.12	0.92	-0.41	0.0	0.69	0.08	-0.12	-0.06	0.69	0.64	-0.1	-0.99	0.65	0.42	0.28	0.08
Accounts Payable	0.92	0.63	0.74	0.83	0.83	0.76	0.35	0.61	0.82		0.29	0.88	-0.41	0.11	0.65	-0.12	-0.31	-0.01	0.79	0.76	0.14	-0.89	0.84	0.59	0.43	-0.12
Cash	0.29	0.58	0.61	0.58	0.07	-0.12	0.17	0.17	0.12	0.29		0.11	0.25	0.65	0.02	-0.45	-0.37	0.13	0.38	0.17	-0.07	-0.18	0.48	0.28	0.71	-0.44
Non Current Assets Total	0.97	0.63	0.5	0.66	0.92	0.84	0.55	0.7	0.92	0.88	0.11		-0.33	-0.13	0.74	0.02	-0.17	-0.2	0.87	0.71	-0.1	-0.94	0.82	0.46	0.16	0.03
Non Currrent Assets Other	-0.28	0.29	0.07	-0.03	-0.46	-0.63	-0.36	0.22	-0.41	-0.41	0.25	-0.33		0.39	-0.04	-0.49	-0.41	0.26	0.01	-0.19	-0.57	0.38	0.0	-0.29	0.12	-0.5
Cash And Short Term Investments	0.12	0.42	0.6	0.46	-0.05	-0.34	-0.12	0.16	0.0	0.11	0.65	-0.13	0.39		-0.21	-0.44	-0.4	0.81	0.16	0.25	0.13	-0.02	0.29	-0.19	0.91	-0.48
Net Receivables	0.7	0.38	0.26	0.4	0.71	0.71	0.23	0.45	0.69	0.65	0.02	0.74	-0.04	-0.21		-0.05	-0.26	-0.28	0.59	0.48	-0.5	-0.73	0.53	0.61	0.04	-0.03
Common Stock Total Equity	-0.07	-0.4	-0.42	-0.36	0.12	0.29	0.1	-0.25	0.08	-0.12	-0.45	0.02	-0.49	-0.44	-0.05		0.96	-0.06	-0.2	-0.09	0.11	-0.01	-0.28	-0.25	-0.35	1.0
Common Stock Shares Outstanding	-0.26	-0.47	-0.52	-0.47	-0.08	0.09	0.01	-0.37	-0.12	-0.31	-0.37	-0.17	-0.41	-0.4	-0.26	0.96		-0.07	-0.33	-0.22	0.16	0.2	-0.4	-0.31	-0.38	0.96
Short Term Investments	-0.01	0.18	0.39	0.21	-0.08	-0.32	-0.26	0.14	-0.06	-0.01	0.13	-0.2	0.26	0.81	-0.28	-0.06	-0.07		-0.02	0.25	0.22	0.06	0.08	-0.42	0.67	-0.12
Non Current Liabilities Total	0.89	0.91	0.74	0.84	0.66	0.53	0.33	0.9	0.69	0.79	0.38	0.87	0.01	0.16	0.59	-0.2	-0.33	-0.02		0.7	-0.14	-0.76	0.97	0.32	0.35	-0.19
Inventory	0.77	0.64	0.68	0.74	0.65	0.59	0.12	0.68	0.64	0.76	0.17	0.71	-0.19	0.25	0.48	-0.09	-0.22	0.25	0.7		0.19	-0.68	0.75	0.27	0.47	-0.11
Other Current Assets	-0.05	-0.15	0.16	0.15	-0.06	0.06	-0.21	-0.14	-0.1	0.14	-0.07	-0.1	-0.57	0.13	-0.5	0.11	0.16	0.22	-0.14	0.19		0.1	-0.02	-0.21	0.19	0.09
Other Stockholder Equity	-0.96	-0.53	-0.5	-0.62	-0.98	-0.84	-0.64	-0.54	-0.99	-0.89	-0.18	-0.94	0.38	-0.02	-0.73	-0.01	0.2	0.06	-0.76	-0.68	0.1		-0.73	-0.49	-0.32	-0.01
Total Liab	0.88	0.94	0.86	0.94	0.62	0.48	0.26	0.88	0.65	0.84	0.48	0.82	0.0	0.29	0.53	-0.28	-0.4	0.08	0.97	0.75	-0.02	-0.73		0.34	0.49	-0.27
Property Plant And Equipment Gross	0.43	0.22	0.27	0.34	0.42	0.45	0.23	0.11	0.42	0.59	0.28	0.46	-0.29	-0.19	0.61	-0.25	-0.31	-0.42	0.32	0.27	-0.21	-0.49	0.34		0.02	-0.21
Total Current Assets	0.41	0.5	0.75	0.66	0.26	0.02	0.04	0.23	0.28	0.43	0.71	0.16	0.12	0.91	0.04	-0.35	-0.38	0.67	0.35	0.47	0.19	-0.32	0.49	0.02		-0.38
Capital Stock	-0.07	-0.4	-0.44	-0.37	0.12	0.3	0.1	-0.25	0.08	-0.12	-0.44	0.03	-0.5	-0.48	-0.03	1.0	0.96	-0.12	-0.19	-0.11	0.09	-0.01	-0.27	-0.21	-0.38

Click cells to compare fundamentals

Novartis Account Relationship Matchups

Novartis fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	118.4B	132.1B	131.8B	117.5B	99.9B	103.1B
Short Long Term Debt Total	29.3B	38.0B	31.1B	28.0B	26.3B	18.6B
Other Current Liab	15.4B	17.5B	18.0B	17.2B	15.1B	11.4B
Total Current Liabilities	28.3B	33.1B	30.2B	28.7B	26.4B	22.0B
Total Stockholder Equity	55.5B	56.6B	67.7B	59.3B	46.7B	57.2B
Property Plant And Equipment Net	13.7B	13.9B	13.1B	12.2B	10.9B	13.5B
Current Deferred Revenue	236M	114M	56M	123M	98M	135.9M
Net Debt	18.2B	28.4B	18.7B	20.4B	13.0B	11.0B
Retained Earnings	59.3B	57.2B	71.0B	63.5B	49.6B	58.0B
Accounts Payable	5.4B	5.4B	5.6B	5.1B	4.9B	4.2B
Cash	11.1B	9.7B	12.4B	7.5B	13.4B	7.7B
Non Current Assets Total	88.9B	102.4B	86.1B	80.5B	69.5B	73.2B
Non Currrent Assets Other	738M	892M	2.2B	1.1B	2.2B	2.1B
Cash And Short Term Investments	11.4B	11.6B	28.3B	18.9B	14.0B	13.1B
Net Receivables	8.6B	8.5B	8.3B	8.3B	9.4B	8.8B
Common Stock Total Equity	969M	944M	936M	913M	821.7M	776.8M
Common Stock Shares Outstanding	2.3B	2.3B	2.3B	2.2B	2.1B	1.9B
Short Term Investments	334M	1.9B	15.9B	11.4B	569M	540.6M
Liabilities And Stockholders Equity	118.4B	132.1B	131.8B	117.5B	99.9B	103.1B
Non Current Liabilities Total	34.6B	42.3B	33.8B	29.4B	26.8B	23.6B
Inventory	6.0B	7.1B	6.7B	7.2B	5.9B	6.0B
Other Current Assets	2.7B	2.5B	2.4B	2.5B	1.2B	2.2B
Other Stockholder Equity	(59.4B)	(57.2B)	(71.0B)	(63.6B)	(49.7B)	(52.2B)
Total Liab	62.8B	75.4B	64.0B	58.0B	53.2B	45.6B
Property Plant And Equipment Gross	13.7B	13.9B	13.1B	12.2B	22.8B	14.0B
Total Current Assets	29.5B	29.7B	45.7B	36.9B	30.5B	29.9B
Capital Stock	936M	913M	901M	890M	825M	767.6M
Short Term Debt	7.3B	10.1B	6.6B	6.2B	6.3B	6.3B
Common Stock	936M	913M	901M	890M	825M	767.6M
Accumulated Other Comprehensive Income	54.6B	55.7B	66.8B	58.5B	45.9B	52.6B
Intangible Assets	28.8B	36.8B	34.2B	31.6B	26.9B	22.4B
Other Liab	12.5B	14.4B	9.2B	7.6B	8.7B	8.5B
Other Assets	14.8B	14.7B	12.4B	4.8B	5.6B	10.1B
Long Term Debt	20.4B	26.3B	22.9B	20.2B	18.4B	12.8B
Good Will	26.5B	30.0B	29.6B	29.3B	23.3B	22.0B
Treasury Stock	(69M)	(80M)	(53M)	(48M)	(41M)	(43.1M)
Property Plant Equipment	13.7B	13.9B	13.1B	12.2B	14.0B	14.0B
Net Tangible Assets	5.6B	(5.5B)	9.4B	2.8B	2.5B	2.4B
Noncontrolling Interest In Consolidated Entity	77M	68M	167M	81M	83M	93.5M
Deferred Long Term Liab	5.4B	4.7B	5.5B	4.4B	5.1B	5.8B

Pair Trading with Novartis

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

Moving against Novartis Stock

0.62

DOMH

Dominari Holdings

Pair Corr

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

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

How To Invest In Novartis

Details

Is Novartis Stock a good investment?

Details

What is Novartis' Net Worth?

Details

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novartis AG 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 real.

You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Novartis Stock analysis

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

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Is Novartis' 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 Novartis. If investors know Novartis 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 Novartis 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

0.215

Dividend Share

3.919

Earnings Share

4.4

Revenue Per Share

23.168

Quarterly Revenue Growth

0.097

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

Free Cash Flow Per Share vs Free Cash Flow

Free Cash Flow Per Share vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Free Cash Flow

Novartis fundamental ratios Correlations

Novartis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Novartis fundamental ratios Accounts

Pair Trading with Novartis

Moving against Novartis Stock

Complementary Tools for Novartis Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Capital Stock	+ 1.0	Common Stock Total Equity
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Total Assets
Total Liab	+ 0.97	Non Current Liabilities Total
Total Current Liabilities	+ 0.96	Other Current Liab
Common Stock Shares Outstanding	+ 0.96	Common Stock Total Equity

Other Stockholder Equity	- 0.99	Retained Earnings
Other Stockholder Equity	- 0.98	Total Stockholder Equity
Other Stockholder Equity	- 0.96	Total Assets
Other Stockholder Equity	- 0.94	Non Current Assets Total
Other Stockholder Equity	- 0.89	Accounts Payable
Other Stockholder Equity	- 0.84	Property Plant And Equipment Net