Atkore Free Cash Flow vs Net Income Analysis

ATKR Stock

USD 94.31 1.14 1.22%

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

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atkore International Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have totally related.

The correlation between Atkore International's Free Cash Flow and Net Income is 0.99. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Atkore International Group, assuming nothing else is changed. The correlation between historical values of Atkore International's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Atkore International Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Atkore International's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Atkore International financial statement analysis. It represents the amount of money remaining after all of Atkore International Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

At this time, Atkore International's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 11/30/2024, Enterprise Value Multiple is likely to grow to 6.15, while Selling General Administrative is likely to drop slightly above 280.9 M.

	2021	2022	2023	2024 (projected)
Total Revenue	3.9B	3.5B	3.2B	2.4B
Depreciation And Amortization	98.3M	135.8M	156.2M	81.8M

Total Revenue Depreciation And Amortization

Atkore International fundamental ratios Correlations

	Total Assets	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	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Common Stock Shares Outstanding	Short Term Debt	Other Liab
Total Assets		0.71	0.95	0.87	0.71	0.04	0.89	0.96	0.8	0.95	0.22	-0.23	0.8	0.94	0.97	0.53	0.96	0.41	0.3	0.85	0.98	0.65	0.62	-0.87	-0.3	-0.84
Other Current Liab	0.71		0.69	0.86	0.88	-0.06	0.86	0.68	0.63	0.65	0.12	-0.22	0.63	0.66	0.62	0.38	0.66	0.61	0.29	0.62	0.72	0.31	0.46	-0.72	-0.27	-0.68
Total Current Liabilities	0.95	0.69		0.81	0.61	0.08	0.83	0.99	0.87	0.85	0.32	-0.22	0.87	0.98	0.9	0.57	0.89	0.24	0.23	0.88	0.98	0.56	0.65	-0.85	-0.31	-0.87
Total Stockholder Equity	0.87	0.86	0.81		0.89	-0.11	0.99	0.81	0.63	0.85	0.09	-0.19	0.63	0.78	0.83	0.32	0.86	0.68	0.44	0.64	0.84	0.65	0.41	-0.78	-0.19	-0.78
Property Plant And Equipment Net	0.71	0.88	0.61	0.89		0.13	0.89	0.64	0.4	0.77	0.17	-0.4	0.4	0.57	0.69	0.42	0.73	0.68	0.26	0.6	0.62	0.56	0.48	-0.74	-0.2	-0.58
Net Debt	0.04	-0.06	0.08	-0.11	0.13		-0.02	0.13	0.0	0.16	0.84	-0.69	0.0	0.1	0.19	0.77	0.08	-0.51	-0.58	0.44	-0.02	0.29	0.65	-0.28	-0.47	0.09
Retained Earnings	0.89	0.86	0.83	0.99	0.89	-0.02		0.84	0.66	0.87	0.18	-0.3	0.66	0.81	0.84	0.41	0.87	0.59	0.3	0.7	0.85	0.68	0.48	-0.8	-0.31	-0.76
Accounts Payable	0.96	0.68	0.99	0.81	0.64	0.13	0.84		0.83	0.89	0.31	-0.3	0.83	0.97	0.92	0.6	0.92	0.26	0.19	0.89	0.96	0.62	0.68	-0.86	-0.32	-0.88
Cash	0.8	0.63	0.87	0.63	0.4	0.0	0.66	0.83		0.6	0.34	-0.03	1.0	0.9	0.72	0.58	0.63	0.04	0.14	0.81	0.9	0.23	0.63	-0.77	-0.51	-0.7
Non Current Assets Total	0.95	0.65	0.85	0.85	0.77	0.16	0.87	0.89	0.6		0.25	-0.35	0.6	0.83	0.95	0.52	0.98	0.45	0.25	0.78	0.87	0.77	0.57	-0.81	-0.25	-0.74
Non Currrent Assets Other	0.22	0.12	0.32	0.09	0.17	0.84	0.18	0.31	0.34	0.25		-0.53	0.34	0.33	0.3	0.75	0.19	-0.57	-0.49	0.51	0.22	0.3	0.59	-0.34	-0.65	-0.09
Other Assets	-0.23	-0.22	-0.22	-0.19	-0.4	-0.69	-0.3	-0.3	-0.03	-0.35	-0.53		-0.03	-0.23	-0.27	-0.58	-0.3	0.15	0.62	-0.43	-0.14	-0.52	-0.54	0.28	0.53	0.1
Cash And Short Term Investments	0.8	0.63	0.87	0.63	0.4	0.0	0.66	0.83	1.0	0.6	0.34	-0.03		0.9	0.72	0.58	0.63	0.04	0.14	0.81	0.9	0.23	0.63	-0.77	-0.51	-0.7
Net Receivables	0.94	0.66	0.98	0.78	0.57	0.1	0.81	0.97	0.9	0.83	0.33	-0.23	0.9		0.91	0.62	0.86	0.19	0.19	0.91	0.98	0.56	0.7	-0.88	-0.39	-0.82
Good Will	0.97	0.62	0.9	0.83	0.69	0.19	0.84	0.92	0.72	0.95	0.3	-0.27	0.72	0.91		0.62	0.95	0.35	0.3	0.87	0.92	0.73	0.7	-0.9	-0.31	-0.79
Non Current Liabilities Total	0.53	0.38	0.57	0.32	0.42	0.77	0.41	0.6	0.58	0.52	0.75	-0.58	0.58	0.62	0.62		0.46	-0.26	-0.34	0.88	0.54	0.34	0.97	-0.77	-0.63	-0.34
Inventory	0.96	0.66	0.89	0.86	0.73	0.08	0.87	0.92	0.63	0.98	0.19	-0.3	0.63	0.86	0.95	0.46		0.47	0.31	0.77	0.9	0.76	0.54	-0.8	-0.17	-0.84
Other Current Assets	0.41	0.61	0.24	0.68	0.68	-0.51	0.59	0.26	0.04	0.45	-0.57	0.15	0.04	0.19	0.35	-0.26	0.47		0.68	0.06	0.33	0.27	-0.1	-0.33	0.38	-0.42
Other Stockholder Equity	0.3	0.29	0.23	0.44	0.26	-0.58	0.3	0.19	0.14	0.25	-0.49	0.62	0.14	0.19	0.3	-0.34	0.31	0.68		-0.02	0.3	0.07	-0.2	-0.24	0.6	-0.43
Total Liab	0.85	0.62	0.88	0.64	0.6	0.44	0.7	0.89	0.81	0.78	0.51	-0.43	0.81	0.91	0.87	0.88	0.77	0.06	-0.02		0.86	0.49	0.93	-0.94	-0.49	-0.69
Total Current Assets	0.98	0.72	0.98	0.84	0.62	-0.02	0.85	0.96	0.9	0.87	0.22	-0.14	0.9	0.98	0.92	0.54	0.9	0.33	0.3	0.86		0.53	0.63	-0.87	-0.33	-0.86
Intangible Assets	0.65	0.31	0.56	0.65	0.56	0.29	0.68	0.62	0.23	0.77	0.3	-0.52	0.23	0.56	0.73	0.34	0.76	0.27	0.07	0.49	0.53		0.36	-0.48	-0.26	-0.53
Short Long Term Debt Total	0.62	0.46	0.65	0.41	0.48	0.65	0.48	0.68	0.63	0.57	0.59	-0.54	0.63	0.7	0.7	0.97	0.54	-0.1	-0.2	0.93	0.63	0.36		-0.85	-0.52	-0.47
Common Stock Shares Outstanding	-0.87	-0.72	-0.85	-0.78	-0.74	-0.28	-0.8	-0.86	-0.77	-0.81	-0.34	0.28	-0.77	-0.88	-0.9	-0.77	-0.8	-0.33	-0.24	-0.94	-0.87	-0.48	-0.85		0.32	0.7
Short Term Debt	-0.3	-0.27	-0.31	-0.19	-0.2	-0.47	-0.31	-0.32	-0.51	-0.25	-0.65	0.53	-0.51	-0.39	-0.31	-0.63	-0.17	0.38	0.6	-0.49	-0.33	-0.26	-0.52	0.32		0.04
Other Liab	-0.84	-0.68	-0.87	-0.78	-0.58	0.09	-0.76	-0.88	-0.7	-0.74	-0.09	0.1	-0.7	-0.82	-0.79	-0.34	-0.84	-0.42	-0.43	-0.69	-0.86	-0.53	-0.47	0.7	0.04

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Atkore International Account Relationship Matchups

Atkore International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	2.2B	2.6B	2.9B	3.0B	1.9B
Other Current Liab	82.0M	189.7M	144.6M	134.1M	246.7M	259.0M
Total Current Liabilities	276.2M	524.9M	501.9M	564.6M	510.9M	365.9M
Total Stockholder Equity	378.4M	864.7M	1.2B	1.5B	1.5B	1.6B
Property Plant And Equipment Net	243.9M	275.6M	390.2M	559.0M	832.7M	874.4M
Net Debt	559.2M	224.1M	443.6M	496.3M	577.8M	537.9M
Retained Earnings	(64.2M)	388.7M	802.0M	994.9M	1.0B	1.1B
Accounts Payable	142.6M	243.2M	244.1M	292.7M	262.2M	190.0M
Cash	284.5M	576.3M	388.8M	388.1M	351.4M	229.0M
Non Current Assets Total	729.8M	788.6M	1.1B	1.4B	1.5B	928.8M
Non Currrent Assets Other	3.0M	2.0M	3.5M	10.7M	9.3M	9.7M
Other Assets	42.4M	31.7M	12.9M	1K	900.0	855.0
Cash And Short Term Investments	284.5M	576.3M	388.8M	388.1M	351.4M	229.0M
Net Receivables	298.2M	524.9M	528.9M	559.9M	489.9M	359.3M
Good Will	188.2M	199.0M	289.3M	311.1M	314M	206.1M
Non Current Liabilities Total	903.9M	820.4M	847.3M	902.3M	970.6M	852.1M
Inventory	199.1M	286.0M	454.5M	493.9M	524.7M	306.3M
Other Current Assets	46.9M	34.2M	80.7M	96.7M	158.4M	166.3M
Other Stockholder Equity	484.6M	504.3M	497.5M	506.8M	509.3M	519.0M
Total Liab	1.2B	1.3B	1.3B	1.5B	1.5B	1.2B
Total Current Assets	828.7M	1.4B	1.5B	1.5B	1.5B	964.8M
Intangible Assets	255.3M	241.2M	382.7M	394.4M	340.4M	331.4M
Short Long Term Debt Total	843.7M	800.4M	832.3M	884.4M	929.2M	834.3M
Common Stock Shares Outstanding	48.0M	47.3M	44.3M	39.3M	36.8M	42.3M
Liabilities And Stockholders Equity	1.6B	2.2B	2.6B	2.9B	3.0B	1.9B
Accumulated Other Comprehensive Income	(42.6M)	(28.7M)	(50.1M)	(33.9M)	(19.1M)	(20.0M)
Short Term Debt	15.8M	11.8M	13.8M	16.2M	14.6M	17.1M
Other Liab	76.1M	31.8M	28.8M	34.1M	30.7M	47.8M
Net Tangible Assets	(65.2M)	424.5M	577.8M	762.6M	877.0M	920.9M
Current Deferred Revenue	35.8M	80.3M	99.4M	121.6M	139.8M	146.8M
Long Term Debt	803.7M	758.4M	760.5M	762.7M	764.8M	807.3M
Common Stock Total Equity	471K	475K	461K	415K	373.5K	427.2K
Property Plant And Equipment Gross	541.9M	613.3M	769.1M	994.7M	1.3B	1.4B
Common Stock	475K	461K	415K	374K	350K	402.2K
Property Plant Equipment	243.9M	275.6M	390.2M	559.0M	642.9M	675.0M
Long Term Debt Total	845.3M	803.7M	758.4M	760.5M	874.6M	810.7M
Capital Surpluse	477.1M	487.2M	506.9M	500.1M	575.1M	495.5M

Pair Trading with Atkore International

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

Moving against Atkore Stock

0.46	ELPW	Elong Power Holding	Pair Corr
0.43	FLUX	Flux Power Holdings	Pair Corr
0.37	EPOW	Sunrise New Energy	Pair Corr
0.32	FCEL	FuelCell Energy Trending	Pair Corr

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

The correlation of Atkore International 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 Atkore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atkore International 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 Atkore International 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

Additional Tools for Atkore Stock Analysis

When running Atkore International's price analysis, check to measure Atkore International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atkore International is operating at the current time. Most of Atkore International's value examination focuses on studying past and present price action to predict the probability of Atkore International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atkore International's price. Additionally, you may evaluate how the addition of Atkore International to your portfolios can decrease your overall portfolio volatility.

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