Phillips Ebit vs Minority Interest Analysis
PSX Stock | USD 151.41 5.83 3.71% |
Phillips financial indicator trend analysis is much more than just breaking down Phillips 66 prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phillips 66 is a good investment. Please check the relationship between Phillips Ebit and its Minority Interest accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Ebit vs Minority Interest
Ebit vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phillips 66 Ebit account and Minority Interest. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Phillips' Ebit and Minority Interest is -0.41. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Phillips 66, assuming nothing else is changed. The correlation between historical values of Phillips' Ebit and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Phillips 66 are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Ebit i.e., Phillips' Ebit and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.41 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Ebit
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Phillips 66 whose combined shares represent less than 50% of the total outstanding shares issued by Phillips have a minority interest in Phillips.Most indicators from Phillips' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phillips 66 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Phillips' Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 7.73 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 605M | 642M | 928M | 974.4M | Depreciation And Amortization | 1.6B | 1.6B | 2.0B | 1.4B |
Phillips fundamental ratios Correlations
Click cells to compare fundamentals
Phillips Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Phillips fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 58.7B | 54.7B | 55.6B | 76.4B | 75.5B | 59.2B | |
Short Long Term Debt Total | 11.8B | 15.9B | 14.4B | 17.2B | 19.4B | 10.4B | |
Other Current Liab | 1.5B | 1.6B | 1.6B | 2.6B | 2.3B | 1.7B | |
Total Current Liabilities | 11.6B | 9.5B | 12.8B | 15.9B | 15.9B | 12.6B | |
Total Stockholder Equity | 24.9B | 19.0B | 19.2B | 29.5B | 31.7B | 26.4B | |
Other Liab | 7.9B | 7.9B | 7.5B | 9.0B | 10.4B | 5.7B | |
Net Tangible Assets | 20.8B | 16.7B | 15.9B | 27.2B | 31.3B | 19.4B | |
Property Plant And Equipment Net | 23.8B | 23.7B | 22.4B | 35.2B | 35.7B | 23.5B | |
Current Deferred Revenue | 979M | 1.4B | 1.3B | 1.4B | 1.2B | 988.4M | |
Noncontrolling Interest In Consolidated Entity | 2.3B | 2.5B | 2.5B | 4.6B | 5.3B | 5.6B | |
Net Debt | 10.1B | 13.4B | 11.3B | 11.1B | 16.0B | 16.8B | |
Retained Earnings | 22.1B | 16.5B | 16.2B | 25.4B | 30.6B | 16.1B | |
Accounts Payable | 8.6B | 5.5B | 8.5B | 11.3B | 10.9B | 7.0B | |
Cash | 1.6B | 2.5B | 3.1B | 6.1B | 3.3B | 3.6B | |
Non Current Assets Total | 44.3B | 41.4B | 40.9B | 54.5B | 55.6B | 42.3B | |
Non Currrent Assets Other | 1.8B | 1.8B | 1.7B | (4.3B) | (5.0B) | (4.7B) | |
Other Assets | 674M | 39.2B | 1.6B | 1.1B | 1.3B | 1.2B | |
Long Term Debt | 11.2B | 14.7B | 12.7B | 16.4B | 17.9B | 9.8B | |
Net Receivables | 8.5B | 6.5B | 7.5B | 11.0B | 11.7B | 9.2B | |
Retained Earnings Total Equity | 22.1B | 16.5B | 16.2B | 25.4B | 29.2B | 14.6B | |
Common Stock Shares Outstanding | 453.9M | 439.5M | 440.4M | 473.7M | 453.2M | 430.8M | |
Liabilities And Stockholders Equity | 58.7B | 54.7B | 55.6B | 76.4B | 75.5B | 59.2B | |
Non Current Liabilities Total | 19.9B | 23.7B | 21.2B | 26.4B | 28.0B | 18.7B | |
Inventory | 3.8B | 3.9B | 3.4B | 3.3B | 3.8B | 2.8B | |
Other Current Assets | 495M | 347M | 686M | 1.5B | (3.3B) | (3.2B) | |
Other Stockholder Equity | 3.6B | 3.3B | 3.4B | 4.5B | 315M | 299.3M | |
Total Liab | 31.6B | 33.2B | 34.0B | 42.3B | 43.9B | 31.4B | |
Deferred Long Term Liab | 7.0B | 6.8B | 6.4B | 8.0B | 9.2B | 4.9B | |
Long Term Investments | 14.6B | 13.6B | 14.5B | 15.0B | 14.9B | 13.4B | |
Property Plant And Equipment Gross | 23.8B | 23.7B | 39.8B | 53.0B | 55.2B | 58.0B | |
Short Long Term Debt | 547M | 971M | 1.5B | 529M | 1.5B | 1.6B | |
Total Current Assets | 14.4B | 13.3B | 14.7B | 21.9B | 19.9B | 16.9B | |
Accumulated Other Comprehensive Income | (788M) | (789M) | (445M) | (460M) | (282M) | (296.1M) | |
Treasury Stock | (15.0B) | (16.7B) | (17.1B) | (15.3B) | (13.7B) | (14.4B) | |
Short Term Debt | 547M | 987M | 1.5B | 529M | 1.5B | 1.6B |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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Is Phillips' 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 Phillips. If investors know Phillips 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 Phillips 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 (0.28) | Dividend Share 4.2 | Earnings Share 15.47 | Revenue Per Share 327.454 | Quarterly Revenue Growth (0.05) |
The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' 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 Phillips' market value can be influenced by many factors that don't directly affect Phillips' 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 Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' 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.