Fortune Free Cash Flow Yield from 2010 to 2024
| FBIN Stock | 77.97 0.03 0.04% |
Free Cash Flow Yield | First Reported 2010-12-31 | Previous Quarter 0.0495 | Current Value 0.0649 | Quarterly Volatility 0.02023602 |
Check Fortune Brands financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortune Brands' main balance sheet or income statement drivers, such as Depreciation And Amortization of 150.9 M, Interest Expense of 70.2 M or Total Revenue of 5.2 B, as well as many indicators such as Price To Sales Ratio of 1.06, Dividend Yield of 0.0364 or PTB Ratio of 3.37. Fortune financial statements analysis is a perfect complement when working with Fortune Brands Valuation or Volatility modules.
Fortune | Free Cash Flow Yield |
Latest Fortune Brands' Free Cash Flow Yield Growth Pattern
Below is the plot of the Free Cash Flow Yield of Fortune Brands Innovations over the last few years. It is a financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share. Fortune Brands' Free Cash Flow Yield historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortune Brands' overall financial position and show how it may be relating to other accounts over time.
| Free Cash Flow Yield | 10 Years Trend |
|
Free Cash Flow Yield |
| Timeline |
Fortune Free Cash Flow Yield Regression Statistics
| Arithmetic Mean | 0.05 | |
| Geometric Mean | 0.05 | |
| Coefficient Of Variation | 37.11 | |
| Mean Deviation | 0.02 | |
| Median | 0.05 | |
| Standard Deviation | 0.02 | |
| Sample Variance | 0.0004 | |
| Range | 0.0764 | |
| R-Value | 0.06 | |
| Mean Square Error | 0.0004 | |
| R-Squared | 0 | |
| Significance | 0.84 | |
| Slope | 0.0003 | |
| Total Sum of Squares | 0.01 |
Fortune Free Cash Flow Yield History
About Fortune Brands Financial Statements
Fortune Brands investors utilize fundamental indicators, such as Free Cash Flow Yield, to predict how Fortune Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Free Cash Flow Yield | 0.05 | 0.06 |
Pair Trading with Fortune Brands
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 Fortune Brands 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 Fortune Brands will appreciate offsetting losses from the drop in the long position's value.Moving against Fortune Stock
| 0.54 | VKSC | Viskase Companies | PairCorr |
| 0.5 | ANSLY | Ansell Ltd ADR | PairCorr |
| 0.45 | AIRJ | Montana Technologies Symbol Change | PairCorr |
| 0.44 | AIRJW | Montana Technologies Symbol Change | PairCorr |
| 0.31 | AWI | Armstrong World Indu | PairCorr |
The ability to find closely correlated positions to Fortune Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortune Brands 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 Fortune Brands - 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 Fortune Brands Innovations to buy it.
The correlation of Fortune Brands 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 Fortune Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortune Brands Innov 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 Fortune Brands 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.Check out the analysis of Fortune Brands Correlation against competitors. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Building Products space 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 0.019 | Dividend Share 0.95 | Earnings Share 3.55 | Revenue Per Share 37.269 | Quarterly Revenue Growth (0.08) |
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.