ADTRAN Depreciation vs Free Cash Flow Analysis

ADTN Stock

USD 8.62 0.46 5.64%

ADTRAN financial indicator trend analysis is way more than just evaluating ADTRAN Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ADTRAN Inc is a good investment. Please check the relationship between ADTRAN Depreciation and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ADTRAN Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ADTRAN Inc Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between ADTRAN's Depreciation and Free Cash Flow is -0.69. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of ADTRAN Inc, assuming nothing else is changed. The correlation between historical values of ADTRAN's Depreciation 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 Depreciation of ADTRAN Inc 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 Depreciation i.e., ADTRAN's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.69

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Depreciation

Depreciation indicates how much of ADTRAN Inc value has been used up. For tax purposes ADTRAN can deduct the cost of the tangible assets it purchases as business expenses. However, ADTRAN Inc must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

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 ADTRAN's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ADTRAN Inc 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 ADTRAN Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, ADTRAN's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 2 B, though Tax Provision is likely to grow to (89 M).

	2021	2022	2023	2024 (projected)
Gross Profit	218.4M	327.3M	333.1M	262.4M
Total Revenue	563.0M	1.0B	1.1B	1.2B

Gross Profit Total Revenue

ADTRAN fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.91	0.94	0.9	0.71	0.8	0.76	-0.63	0.9	0.51	0.99	0.28	0.9	-0.36	0.78	0.95	0.89	0.87	0.96	0.85	0.99	0.65	0.89	0.46	-0.17	0.37
Short Long Term Debt Total	0.91		0.82	0.75	0.41	0.73	0.93	-0.81	0.79	0.29	0.94	0.12	0.76	-0.1	0.93	0.89	0.9	0.91	0.95	0.84	0.85	0.43	0.8	0.26	-0.24	0.12
Other Current Liab	0.94	0.82		0.97	0.64	0.75	0.64	-0.61	0.97	0.6	0.91	0.06	0.95	-0.36	0.66	0.97	0.79	0.82	0.94	0.86	0.96	0.77	0.95	0.43	-0.41	0.36
Total Current Liabilities	0.9	0.75	0.97		0.65	0.66	0.58	-0.61	0.98	0.57	0.87	0.02	0.94	-0.28	0.54	0.95	0.71	0.82	0.89	0.85	0.93	0.86	0.93	0.33	-0.41	0.27
Total Stockholder Equity	0.71	0.41	0.64	0.65		0.65	0.21	-0.01	0.56	0.61	0.68	0.66	0.59	-0.59	0.2	0.55	0.53	0.4	0.49	0.36	0.74	0.63	0.48	0.61	0.29	0.61
Property Plant And Equipment Net	0.8	0.73	0.75	0.66	0.65		0.53	-0.35	0.67	0.69	0.78	0.28	0.72	-0.51	0.67	0.72	0.76	0.57	0.76	0.61	0.8	0.43	0.62	0.71	-0.15	0.55
Net Debt	0.76	0.93	0.64	0.58	0.21	0.53		-0.89	0.63	-0.07	0.81	0.02	0.57	0.18	0.88	0.76	0.77	0.91	0.83	0.77	0.67	0.3	0.7	0.0	-0.12	-0.15
Retained Earnings	-0.63	-0.81	-0.61	-0.61	-0.01	-0.35	-0.89		-0.66	0.11	-0.67	0.35	-0.55	-0.43	-0.71	-0.74	-0.58	-0.92	-0.75	-0.75	-0.55	-0.44	-0.71	0.27	0.4	0.42
Accounts Payable	0.9	0.79	0.97	0.98	0.56	0.67	0.63	-0.66		0.53	0.87	-0.06	0.96	-0.27	0.63	0.97	0.75	0.83	0.92	0.92	0.92	0.76	0.96	0.34	-0.48	0.26
Cash	0.51	0.29	0.6	0.57	0.61	0.69	-0.07	0.11	0.53		0.45	0.25	0.62	-0.74	0.21	0.47	0.45	0.14	0.45	0.31	0.59	0.47	0.39	0.74	-0.33	0.73
Non Current Assets Total	0.99	0.94	0.91	0.87	0.68	0.78	0.81	-0.67	0.87	0.45		0.28	0.85	-0.28	0.8	0.94	0.91	0.89	0.95	0.83	0.96	0.62	0.86	0.4	-0.14	0.3
Cash And Short Term Investments	0.28	0.12	0.06	0.02	0.66	0.28	0.02	0.35	-0.06	0.25	0.28		0.0	-0.53	0.09	0.0	0.25	-0.05	0.06	-0.1	0.27	-0.05	-0.09	0.51	0.78	0.57
Net Receivables	0.9	0.76	0.95	0.94	0.59	0.72	0.57	-0.55	0.96	0.62	0.85	0.0		-0.42	0.64	0.95	0.74	0.75	0.91	0.89	0.94	0.7	0.93	0.48	-0.49	0.41
Common Stock Shares Outstanding	-0.36	-0.1	-0.36	-0.28	-0.59	-0.51	0.18	-0.43	-0.27	-0.74	-0.28	-0.53	-0.42		-0.16	-0.24	-0.33	0.14	-0.25	-0.18	-0.45	-0.09	-0.24	-0.95	-0.03	-1.0
Non Current Liabilities Total	0.78	0.93	0.66	0.54	0.2	0.67	0.88	-0.71	0.63	0.21	0.8	0.09	0.64	-0.16		0.76	0.85	0.75	0.87	0.78	0.72	0.12	0.69	0.33	-0.26	0.18
Inventory	0.95	0.89	0.97	0.95	0.55	0.72	0.76	-0.74	0.97	0.47	0.94	0.0	0.95	-0.24	0.76		0.83	0.9	0.98	0.92	0.95	0.7	0.97	0.34	-0.42	0.24
Other Current Assets	0.89	0.9	0.79	0.71	0.53	0.76	0.77	-0.58	0.75	0.45	0.91	0.25	0.74	-0.33	0.85	0.83		0.76	0.89	0.76	0.85	0.38	0.73	0.45	-0.19	0.34
Other Stockholder Equity	0.87	0.91	0.82	0.82	0.4	0.57	0.91	-0.92	0.83	0.14	0.89	-0.05	0.75	0.14	0.75	0.9	0.76		0.9	0.84	0.81	0.64	0.85	0.0	-0.26	-0.13
Total Liab	0.96	0.95	0.94	0.89	0.49	0.76	0.83	-0.75	0.92	0.45	0.95	0.06	0.91	-0.25	0.87	0.98	0.89	0.9		0.93	0.94	0.58	0.93	0.37	-0.38	0.26
Property Plant And Equipment Gross	0.85	0.84	0.86	0.85	0.36	0.61	0.77	-0.75	0.92	0.31	0.83	-0.1	0.89	-0.18	0.78	0.92	0.76	0.84	0.93		0.86	0.52	0.93	0.29	-0.45	0.18
Total Current Assets	0.99	0.85	0.96	0.93	0.74	0.8	0.67	-0.55	0.92	0.59	0.96	0.27	0.94	-0.45	0.72	0.95	0.85	0.81	0.94	0.86		0.67	0.9	0.53	-0.22	0.46
Short Term Debt	0.65	0.43	0.77	0.86	0.63	0.43	0.3	-0.44	0.76	0.47	0.62	-0.05	0.7	-0.09	0.12	0.7	0.38	0.64	0.58	0.52	0.67		0.69	0.1	-0.29	0.08
Non Currrent Assets Other	0.89	0.8	0.95	0.93	0.48	0.62	0.7	-0.71	0.96	0.39	0.86	-0.09	0.93	-0.24	0.69	0.97	0.73	0.85	0.93	0.93	0.9	0.69		0.32	-0.46	0.23
Common Stock Total Equity	0.46	0.26	0.43	0.33	0.61	0.71	0.0	0.27	0.34	0.74	0.4	0.51	0.48	-0.95	0.33	0.34	0.45	0.0	0.37	0.29	0.53	0.1	0.32		0.02	0.97
Short Term Investments	-0.17	-0.24	-0.41	-0.41	0.29	-0.15	-0.12	0.4	-0.48	-0.33	-0.14	0.78	-0.49	-0.03	-0.26	-0.42	-0.19	-0.26	-0.38	-0.45	-0.22	-0.29	-0.46	0.02		0.08
Common Stock	0.37	0.12	0.36	0.27	0.61	0.55	-0.15	0.42	0.26	0.73	0.3	0.57	0.41	-1.0	0.18	0.24	0.34	-0.13	0.26	0.18	0.46	0.08	0.23	0.97	0.08

Click cells to compare fundamentals

ADTRAN Account Relationship Matchups

ADTRAN fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	544.8M	518.9M	569.0M	1.9B	1.7B	1.8B
Short Long Term Debt Total	24.6M	5.4M	5.0M	143.3M	226.4M	237.7M
Other Current Liab	32.3M	28.9M	28.6M	89.1M	64.6M	67.9M
Total Current Liabilities	113.4M	87.5M	155.4M	488.6M	279.5M	293.5M
Total Stockholder Equity	379.4M	372.9M	357.1M	994.5M	593.8M	476.4M
Property Plant And Equipment Net	73.7M	62.4M	55.8M	111.5M	160.5M	87.5M
Net Debt	(51.6M)	(54.8M)	(51.6M)	34.7M	139.3M	146.2M
Retained Earnings	806.7M	781.8M	740.8M	55.3M	(243.9M)	(231.7M)
Accounts Payable	44.6M	49.9M	102.5M	237.7M	162.9M	171.1M
Cash	76.2M	60.2M	56.6M	108.6M	87.2M	66.3M
Non Current Assets Total	224.8M	208.3M	192.7M	999.5M	945.7M	992.9M
Cash And Short Term Investments	107.0M	63.3M	57.0M	109.0M	87.2M	131.2M
Net Receivables	107.1M	120.4M	170.0M	312.3M	241.8M	253.9M
Common Stock Shares Outstanding	47.8M	48.3M	48.6M	62.3M	78.4M	74.3M
Liabilities And Stockholders Equity	544.8M	518.9M	569.0M	1.9B	1.7B	1.8B
Non Current Liabilities Total	52.0M	58.5M	56.6M	89.7M	357.4M	375.3M
Inventory	98.0M	118.7M	139.9M	427.5M	362.3M	380.4M
Other Current Assets	7.9M	8.3M	9.5M	33.6M	45.6M	47.8M
Other Stockholder Equity	(411.7M)	(398.0M)	(372.6M)	891.7M	789.5M	829.0M
Total Liab	165.4M	146.0M	211.9M	578.3M	636.9M	668.8M
Property Plant And Equipment Gross	73.7M	62.4M	335.3M	409.8M	449.0M	471.4M
Total Current Assets	320.0M	310.7M	376.3M	882.4M	736.9M	773.7M
Accumulated Other Comprehensive Income	(16.4M)	(11.6M)	(11.9M)	46.7M	47.5M	49.8M
Short Term Debt	24.6M	1.8M	1.7M	120.5M	24.6M	15.2M
Non Currrent Assets Other	14.3M	25.4M	31.0M	66.2M	50.2M	55.8M
Short Term Investments	30.8M	3.1M	350K	340K	306K	290.7K
Other Assets	35.1M	35.3M	40.1M	127.4M	146.5M	153.8M
Treasury Stock	(685.3M)	(679.5M)	(661.5M)	(4.1M)	(3.7M)	(3.9M)
Property Plant Equipment	73.7M	62.4M	55.8M	110.7M	99.6M	67.3M
Other Liab	46.2M	58.5M	56.6M	128.5M	147.8M	155.2M
Current Deferred Revenue	12.0M	14.1M	17.7M	41.2M	46.7M	49.1M
Net Tangible Assets	345.6M	342.5M	330.8M	211.6M	190.4M	379.9M
Capital Surpluse	274.6M	281.5M	288.9M	895.8M	1.0B	1.1B
Deferred Long Term Liab	21.7M	25.9M	31.4M	26.7M	30.7M	15.7M

Pair Trading with ADTRAN

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

Moving together with ADTRAN Stock

0.85	EHGO	Eshallgo Class A Downward Rally	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr

Moving against ADTRAN Stock

0.81	ACLS	Axcelis Technologies	Pair Corr
0.77	CDW	CDW Corp	Pair Corr
0.75	TER	Teradyne	Pair Corr
0.68	KLAC	KLA Tencor	Pair Corr
0.66	VECO	Veeco Instruments	Pair Corr

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

The correlation of ADTRAN 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 ADTRAN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADTRAN Inc 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 ADTRAN 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 ADTRAN Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ADTRAN's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Adtran Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Adtran Inc Stock:

How To Invest In ADTRAN

Details

Is ADTRAN Stock a good investment?

Details

What is ADTRAN's Net Worth?

Details

Largest Communications Equipment Companies

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Largest Technology Hardware & Equipment Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ADTRAN Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Is Communications Equipment 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 ADTRAN. If investors know ADTRAN 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 ADTRAN 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

(0.60)

Earnings Share

(6.51)

Revenue Per Share

11.491

Quarterly Revenue Growth

(0.16)

Return On Assets

(0.05)

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

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ADTRAN Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

ADTRAN fundamental ratios Correlations

ADTRAN Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ADTRAN fundamental ratios Accounts

Pair Trading with ADTRAN

Moving together with ADTRAN Stock

Moving against ADTRAN Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.98	Total Current Liabilities
Total Liab	+ 0.98	Inventory
Total Current Liabilities	+ 0.97	Other Current Liab
Accounts Payable	+ 0.97	Other Current Liab

Common Stock	- 1.0	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.95	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.92	Retained Earnings
Retained Earnings	- 0.89	Net Debt
Retained Earnings	- 0.81	Short Long Term Debt Total
Property Plant And Equipment Gross	- 0.75	Retained Earnings