Franklin Net Income Per Share vs Net Income Analysis
BEN Stock | USD 22.68 0.47 2.12% |
Franklin Resources financial indicator trend analysis is much more than just examining Franklin Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Franklin Resources is a good investment. Please check the relationship between Franklin Resources Net Income Per Share and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Franklin Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Franklin Stock, please use our How to Invest in Franklin Resources guide.
Net Income Per Share vs Net Income
Net Income Per Share vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Franklin Resources Net Income Per Share account and Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Franklin Resources' Net Income Per Share and Net Income is 0.98. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Net Income in the same time period over historical financial statements of Franklin Resources, assuming nothing else is changed. The correlation between historical values of Franklin Resources' Net Income Per Share 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 Net Income Per Share of Franklin Resources 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 Net Income Per Share i.e., Franklin Resources' Net Income Per Share and Net Income go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Income Per Share
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Franklin Resources financial statement analysis. It represents the amount of money remaining after all of Franklin Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Franklin Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Franklin Resources 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 Franklin Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Franklin Stock, please use our How to Invest in Franklin Resources guide.At this time, Franklin Resources' Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 28.1 B, while Tax Provision is likely to drop about 204.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.3B | 4.4B | 4.0B | 2.6B | Total Revenue | 8.3B | 7.8B | 8.5B | 4.4B |
Franklin Resources fundamental ratios Correlations
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Franklin Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Franklin Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 20.2B | 24.2B | 28.1B | 30.1B | 32.5B | 34.1B | |
Short Long Term Debt Total | 5.0B | 7.6B | 9.4B | 11.8B | 965.1M | 1.8B | |
Total Stockholder Equity | 10.1B | 11.2B | 11.5B | 11.9B | 12.5B | 6.3B | |
Net Debt | 1.0B | 2.9B | 4.6B | 7.4B | (2.3B) | (2.2B) | |
Retained Earnings | 10.5B | 11.6B | 12.0B | 12.4B | 11.9B | 6.2B | |
Other Assets | 319.5M | 22.7B | 8.9B | (9.6B) | 1.1B | 1.1B | |
Common Stock Shares Outstanding | 491.9M | 490.6M | 489.3M | 490.8M | 510.3M | 539.0M | |
Liabilities And Stockholders Equity | 20.2B | 24.2B | 28.1B | 30.1B | 32.5B | 34.1B | |
Non Current Liabilities Total | 7.1B | 9.7B | 12.6B | 13.4B | 16.1B | 16.9B | |
Other Stockholder Equity | (10.5B) | (11.6B) | (12.0B) | (12.4B) | 947.6M | 995.0M | |
Total Liab | 8.7B | 11.4B | 14.2B | 16.5B | 17.9B | 18.8B | |
Total Current Liabilities | 1.6B | 1.7B | 1.6B | 3.2B | 1.8B | 1.1B | |
Property Plant And Equipment Net | 1.3B | 1.2B | 1.2B | 1.2B | 1.8B | 1.9B | |
Accounts Payable | 1.0B | 479.3M | 466.2M | 879.7M | 1.4B | 1.5B | |
Cash | 4.0B | 4.6B | 4.8B | 4.4B | 3.3B | 3.7B | |
Non Current Assets Total | 15.1B | 18.1B | 22.0B | 24.4B | 26.6B | 27.9B | |
Non Currrent Assets Other | 275.4M | 244.4M | 292.6M | 266.9M | 420M | 257.4M | |
Cash And Short Term Investments | 4.0B | 4.6B | 4.8B | 4.4B | 3.3B | 4.2B | |
Net Receivables | 1.2B | 1.4B | 1.3B | 1.3B | 1.5B | 780.3M | |
Other Current Assets | (5.2B) | (6.1B) | (6.0B) | (5.8B) | (5.2B) | (4.9B) | |
Property Plant And Equipment Gross | 1.3B | 2.4B | 2.2B | 2.2B | 2.7B | 2.9B | |
Total Current Assets | 5.2B | 6.1B | 6.0B | 15.4B | 4.8B | 5.4B | |
Short Term Investments | 589.7M | 504.8M | 588.3M | 1.7B | 1.9B | 1.1B | |
Other Current Liab | 1.3B | 39.1M | 2.1B | 1.7B | (1.4B) | (1.3B) | |
Short Term Debt | 621M | 518.4M | 528.4M | 95.2M | 965.1M | 1.0B | |
Intangible Assets | 4.9B | 4.7B | 5.1B | 4.9B | 4.8B | 5.0B | |
Good Will | 4.5B | 4.5B | 5.8B | 6.0B | 6.2B | 6.5B | |
Common Stock Total Equity | 49.9M | 49.5M | 50.2M | 50M | 57.5M | 36.0M | |
Accumulated Other Comprehensive Income | (407.6M) | (377.6M) | (621M) | (509.3M) | (419.5M) | (398.5M) | |
Common Stock | 49.5M | 50.2M | 50M | 49.6M | 52.4M | 37.3M | |
Other Liab | 2.0B | 4.3B | 7.2B | 9.9B | 11.4B | 12.0B | |
Long Term Debt | 3.0B | 3.4B | 3.4B | 11.3B | 12.1B | 12.7B | |
Property Plant Equipment | 813.8M | 770M | 1.2B | 1.2B | 1.4B | 1.5B | |
Net Tangible Assets | 1.2B | 1.6B | 559.2M | 1.0B | 909.8M | 864.3M | |
Noncontrolling Interest In Consolidated Entity | 717.7M | 859.3M | 587.2M | 824.3M | 947.9M | 525.0M | |
Retained Earnings Total Equity | 10.3B | 10.5B | 11.6B | 12.0B | 13.9B | 10.6B | |
Deferred Long Term Liab | 120.1M | 305.3M | 311.7M | 347.8M | 400.0M | 240.8M |
Pair Trading with Franklin Resources
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 Franklin Resources 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 Franklin Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Stock
Moving against Franklin Stock
0.61 | BRACU | Broad Capital Acquisition | PairCorr |
0.37 | EMCGU | Embrace Change Acqui | PairCorr |
0.36 | RC | Ready Capital Corp | PairCorr |
0.35 | PFTAU | Portage Fintech Acqu | PairCorr |
The ability to find closely correlated positions to Franklin Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Resources 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 Franklin Resources - 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 Franklin Resources to buy it.
The correlation of Franklin Resources 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 Franklin Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Resources 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 Franklin Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Franklin Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Franklin Stock, please use our How to Invest in Franklin Resources guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Asset Management & Custody Banks 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 Franklin Resources. If investors know Franklin 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 Franklin Resources 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 (0.27) | Dividend Share 1.24 | Earnings Share 0.85 | Revenue Per Share 16.64 | Quarterly Revenue Growth 0.113 |
The market value of Franklin Resources is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Resources' value that differs from its market value or its book value, called intrinsic value, which is Franklin Resources' 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 Franklin Resources' market value can be influenced by many factors that don't directly affect Franklin Resources' 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 Franklin Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Resources' 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.