Zillow Good Will vs Other Current Assets Analysis
ZG Stock | USD 43.13 0.72 1.70% |
Zillow financial indicator trend analysis is more than just analyzing Zillow Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zillow Group is a good investment. Please check the relationship between Zillow Good Will and its Other Current Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zillow Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Good Will vs Other Current Assets
Good Will vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zillow Group Good Will account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zillow's Good Will and Other Current Assets is 0.76. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Zillow Group, assuming nothing else is changed. The correlation between historical values of Zillow's Good Will and Other Current Assets 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 Zillow Group are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Good Will i.e., Zillow's Good Will and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Zillow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zillow Group 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zillow Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Zillow's Issuance Of Capital Stock is most likely to decrease significantly in the upcoming years. The Zillow's current Enterprise Value Over EBITDA is estimated to increase to 115.46, while Sales General And Administrative To Revenue is projected to decrease to 0.23.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.8B | 1.6B | 1.5B | 1.6B | Total Revenue | 8.1B | 2.0B | 1.9B | 1.4B |
Zillow fundamental ratios Correlations
Click cells to compare fundamentals
Zillow Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zillow fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.1B | 7.5B | 10.7B | 6.6B | 6.7B | 7.0B | |
Total Stockholder Equity | 3.4B | 4.7B | 5.3B | 4.5B | 4.5B | 4.8B | |
Property Plant And Equipment Net | 382.6M | 384.1M | 344.5M | 397M | 401M | 421.1M | |
Net Debt | 1.4B | 816.6M | 2.4B | 401M | 340M | 308.3M | |
Cash | 1.1B | 1.7B | 2.6B | 1.5B | 1.5B | 1.6B | |
Non Current Assets Total | 2.6B | 2.5B | 3.0B | 3.0B | 3.5B | 3.7B | |
Non Currrent Assets Other | 63.7M | 57.9M | 117.1M | 35M | 44M | 25.0M | |
Other Assets | 53.7M | 57.9M | 42.0M | 30M | 34.5M | 26.4M | |
Cash And Short Term Investments | 2.4B | 3.9B | 3.1B | 3.4B | 2.8B | 3.0B | |
Common Stock Shares Outstanding | 206.4M | 223.8M | 249.9M | 242.2M | 233.6M | 153.1M | |
Liabilities And Stockholders Equity | 6.1B | 7.5B | 10.7B | 6.6B | 6.7B | 7.0B | |
Other Stockholder Equity | 4.4B | 5.9B | 7.0B | 6.1B | 6.3B | 6.6B | |
Property Plant And Equipment Gross | 382.6M | 384.1M | 214.6M | 271M | 612M | 642.6M | |
Total Current Assets | 3.5B | 5.0B | 7.7B | 3.6B | 3.1B | 1.7B | |
Accumulated Other Comprehensive Income | 340K | 164K | 7.2M | (15M) | (5M) | (4.8M) | |
Other Current Liab | 123.2M | 142.2M | 269.9M | 138M | 154M | 86.4M | |
Total Current Liabilities | 920.5M | 908.6M | 3.9B | 270M | 971M | 561.9M | |
Current Deferred Revenue | 39.7M | 49.0M | 51.5M | 44M | 52M | 29.8M | |
Retained Earnings | (977.1M) | (1.1B) | (1.7B) | (1.6B) | (1.8B) | (1.7B) | |
Accounts Payable | 8.3M | 19.0M | 17.2M | 20M | 28M | 29.4M | |
Net Receivables | 67.0M | 69.9M | 154.9M | 72M | 96M | 51.8M | |
Short Term Investments | 1.3B | 2.2B | 513.9M | 1.9B | 1.3B | 698.3M | |
Non Current Liabilities Total | 1.8B | 1.8B | 1.5B | 1.8B | 1.2B | 744.9M | |
Other Current Assets | 58.1M | 75.8M | 153.6M | 126M | 140M | 147M | |
Total Liab | 2.7B | 2.7B | 5.4B | 2.1B | 2.1B | 1.3B | |
Intangible Assets | 190.6M | 94.8M | 180.1M | 154M | 241M | 187.9M | |
Other Liab | 12.2M | 14.9M | 4.5M | 12M | 10.8M | 10.3M | |
Net Tangible Assets | 1.3B | 2.7B | 5.3B | 4.5B | 5.2B | 5.4B | |
Deferred Long Term Liab | 12.2M | 14.9M | 35.5M | 23M | 20.7M | 19.7M | |
Property Plant Equipment | 170.5M | 196.2M | 214.6M | 271M | 311.7M | 162.5M | |
Short Long Term Debt Total | 2.5B | 2.5B | 5.0B | 1.9B | 1.8B | 1.9B | |
Long Term Debt | 1.5B | 1.6B | 1.3B | 1.7B | 1B | 1.1B | |
Retained Earnings Total Equity | (977.1M) | (1.1B) | (1.7B) | (1.6B) | (1.5B) | (1.5B) | |
Long Term Debt Total | 1.5B | 1.6B | 1.3B | 1.7B | 1.9B | 1.1B | |
Capital Surpluse | 4.4B | 5.9B | 7.0B | 6.1B | 7.0B | 5.0B | |
Inventory | 836.6M | 491.3M | 3.9B | 43M | 103M | 97.9M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Zillow Group is a strong investment it is important to analyze Zillow'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 Zillow's future performance. For an informed investment choice regarding Zillow Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zillow Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Zillow Group information on this page should be used as a complementary analysis to other Zillow's 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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Is Zillow'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 Zillow. If investors know Zillow 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 Zillow 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 (0.25) | Earnings Share (0.68) | Revenue Per Share 8.327 | Quarterly Revenue Growth 0.09 | Return On Assets (0.02) |
The market value of Zillow Group is measured differently than its book value, which is the value of Zillow that is recorded on the company's balance sheet. Investors also form their own opinion of Zillow's value that differs from its market value or its book value, called intrinsic value, which is Zillow'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 Zillow's market value can be influenced by many factors that don't directly affect Zillow'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 Zillow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zillow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zillow'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.