Alcoa Ebit vs Tax Provision Analysis

AA Stock  USD 39.54  1.55  3.77%   
Alcoa Corp financial indicator trend analysis is way more than just evaluating Alcoa Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Corp is a good investment. Please check the relationship between Alcoa Corp Ebit and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

Ebit vs Tax Provision

Ebit vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Corp Ebit account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Alcoa Corp's Ebit and Tax Provision is 0.83. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Alcoa Corp, assuming nothing else is changed. The correlation between historical values of Alcoa Corp's Ebit and Tax Provision 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 Alcoa Corp are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Ebit i.e., Alcoa Corp's Ebit and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Ebit

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Alcoa Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.At present, Alcoa Corp's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 47.58, whereas Tax Provision is forecasted to decline to about 179.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense195M106M107M147.5M
Depreciation And Amortization664M617M632M599.3M

Alcoa Corp fundamental ratios Correlations

-0.530.360.310.48-0.420.42-0.42-0.44-0.280.090.130.47-0.440.36-0.420.370.470.33-0.79-0.420.430.07-0.020.370.46
-0.53-0.81-0.71-0.390.85-0.480.830.960.82-0.630.25-0.740.96-0.690.54-0.81-0.74-0.180.90.81-0.65-0.53-0.23-0.82-0.65
0.36-0.810.790.51-0.960.73-0.96-0.89-0.630.8-0.210.89-0.90.88-0.671.00.890.35-0.63-0.940.890.450.380.80.89
0.31-0.710.790.52-0.820.75-0.83-0.75-0.440.57-0.240.74-0.730.81-0.50.770.740.22-0.61-0.80.80.230.340.730.8
0.48-0.390.510.52-0.540.59-0.54-0.52-0.040.150.620.65-0.510.7-0.360.50.650.84-0.5-0.60.570.54-0.030.360.66
-0.420.85-0.96-0.82-0.54-0.831.00.910.56-0.720.19-0.890.9-0.930.55-0.97-0.89-0.410.670.98-0.94-0.4-0.18-0.9-0.94
0.42-0.480.730.750.59-0.83-0.84-0.55-0.110.5-0.010.71-0.540.88-0.280.750.710.52-0.42-0.830.960.020.010.70.96
-0.420.83-0.96-0.83-0.541.0-0.840.890.54-0.710.2-0.890.89-0.940.54-0.96-0.89-0.410.660.98-0.95-0.37-0.17-0.9-0.95
-0.440.96-0.89-0.75-0.520.91-0.550.890.72-0.60.18-0.881.0-0.790.61-0.88-0.88-0.310.810.88-0.73-0.62-0.25-0.87-0.74
-0.280.82-0.63-0.44-0.040.56-0.110.540.72-0.710.3-0.410.76-0.30.56-0.61-0.410.210.70.48-0.33-0.54-0.51-0.44-0.31
0.09-0.630.80.570.15-0.720.5-0.71-0.6-0.71-0.280.44-0.650.62-0.390.80.440.1-0.4-0.70.660.340.410.490.63
0.130.25-0.21-0.240.620.19-0.010.20.180.3-0.28-0.110.150.00.2-0.21-0.110.640.020.12-0.110.43-0.23-0.39-0.02
0.47-0.740.890.740.65-0.890.71-0.89-0.88-0.410.44-0.11-0.860.85-0.710.881.00.44-0.64-0.880.840.420.250.830.85
-0.440.96-0.9-0.73-0.510.9-0.540.891.00.76-0.650.15-0.86-0.790.62-0.89-0.86-0.310.820.88-0.73-0.64-0.27-0.84-0.73
0.36-0.690.880.810.7-0.930.88-0.94-0.79-0.30.620.00.85-0.79-0.380.890.850.65-0.55-0.970.930.390.00.820.95
-0.420.54-0.67-0.5-0.360.55-0.280.540.610.56-0.390.2-0.710.62-0.38-0.64-0.710.030.510.47-0.46-0.31-0.58-0.36-0.47
0.37-0.811.00.770.5-0.970.75-0.96-0.88-0.610.8-0.210.88-0.890.89-0.640.880.36-0.62-0.950.910.430.340.810.9
0.47-0.740.890.740.65-0.890.71-0.89-0.88-0.410.44-0.111.0-0.860.85-0.710.880.44-0.64-0.880.840.420.250.830.85
0.33-0.180.350.220.84-0.410.52-0.41-0.310.210.10.640.44-0.310.650.030.360.44-0.24-0.530.480.44-0.390.30.55
-0.790.9-0.63-0.61-0.50.67-0.420.660.810.7-0.40.02-0.640.82-0.550.51-0.62-0.64-0.240.64-0.53-0.45-0.24-0.63-0.55
-0.420.81-0.94-0.8-0.60.98-0.830.980.880.48-0.70.12-0.880.88-0.970.47-0.95-0.88-0.530.64-0.94-0.42-0.08-0.88-0.94
0.43-0.650.890.80.57-0.940.96-0.95-0.73-0.330.66-0.110.84-0.730.93-0.460.910.840.48-0.53-0.940.20.150.790.99
0.07-0.530.450.230.54-0.40.02-0.37-0.62-0.540.340.430.42-0.640.39-0.310.430.420.44-0.45-0.420.20.140.240.25
-0.02-0.230.380.34-0.03-0.180.01-0.17-0.25-0.510.41-0.230.25-0.270.0-0.580.340.25-0.39-0.24-0.080.150.140.00.13
0.37-0.820.80.730.36-0.90.7-0.9-0.87-0.440.49-0.390.83-0.840.82-0.360.810.830.3-0.63-0.880.790.240.00.78
0.46-0.650.890.80.66-0.940.96-0.95-0.74-0.310.63-0.020.85-0.730.95-0.470.90.850.55-0.55-0.940.990.250.130.78
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Alcoa Corp Account Relationship Matchups

Alcoa Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding185M186M190M181M178M202.5M
Total Assets14.6B14.9B15.0B14.8B14.2B12.7B
Short Long Term Debt Total1.8B1.8B2.6B1.9B1.9B1.7B
Other Current Liab974M1.2B1.1B1.0B1.1B1.1B
Total Current Liabilities2.6B2.8B3.2B3.0B3.0B3.2B
Total Stockholder Equity4.1B3.3B4.7B5.1B4.3B4.6B
Other Liab4.3B4.6B3.8B3.3B3.8B4.3B
Net Tangible Assets3.9B3.3B4.6B5.1B4.6B4.6B
Property Plant And Equipment Net7.9B7.2B6.6B6.5B6.8B6.6B
Current Deferred Revenue104M91M374M230M88M83.6M
Net Debt921M1.0B52M503M971M498.9M
Accounts Payable1.5B1.4B1.7B1.8B1.7B1.8B
Cash879M1.6B1.8B1.4B944M1.2B
Non Current Assets Total11.1B10.3B10B9.5B9.8B9.5B
Non Currrent Assets Other1.2B1.3B1.5B1.4B1.5B1.3B
Other Assets1.7B10.3M(1M)1.9B1.7B1.3B
Long Term Debt1.8B2.5B1.7B1.8B1.7B1.6B
Cash And Short Term Investments879M1.6B1.8B1.4B944M1.2B
Net Receivables660M556M884M909M808M870.4M
Good Will151M150M145M144M146M120.2M
Liabilities And Stockholders Equity14.6B14.9B15.0B14.8B14.2B12.7B
Non Current Liabilities Total6.2B7.1B5.5B5.2B5.3B5.9B
Other Current Assets288M959M372M551M495M477.6M
Other Stockholder Equity9.6B9.7B9.6B9.2B9.2B9.2B
Total Liab8.8B9.8B8.7B8.2B8.3B9.1B
Long Term Investments1.1B1.1B1.2B1.1B979M1.0B
Property Plant And Equipment Gross7.9B7.2B19.8B19.6B20.4B13.5B
Total Current Assets3.5B4.5B5.0B5.3B4.4B4.4B
Accumulated Other Comprehensive Income(5.0B)(5.6B)(4.6B)(3.5B)(3.6B)(3.8B)
Intangible Assets52M45M36M29M37M46.1M
Property Plant Equipment8.0B7.2B6.6B6.5B5.8B6.8B
Long Term Debt Total1.8B2.5B1.7B1.8B2.1B1.7B
Noncontrolling Interest In Consolidated Entity1.8B1.7B1.6B1.5B1.4B1.5B
Retained Earnings(555M)(725M)(315M)(570M)(1.3B)(1.2B)
Retained Earnings Total Equity(555M)(725M)(315M)(570M)(513M)(487.4M)

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.
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Is Metals & Mining 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 Alcoa Corp. If investors know Alcoa 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 Alcoa Corp 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
0.81
Dividend Share
0.4
Earnings Share
(1.56)
Revenue Per Share
57.238
Quarterly Revenue Growth
0.116
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp'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 Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp'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 Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp'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.