Danimer Ev To Sales vs Ptb Ratio Analysis

DNMR Stock

USD 5.20 0.14 2.77%

Danimer Scientific financial indicator trend analysis is much more than just examining Danimer Scientific latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Danimer Scientific is a good investment. Please check the relationship between Danimer Scientific Ev To Sales and its Ptb Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danimer Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Danimer Stock, please use our How to Invest in Danimer Scientific guide.

Ev To Sales vs Ptb Ratio

Ev To Sales vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Danimer Scientific Ev To Sales account and Ptb Ratio. At this time, the significance of the direction appears to have weak relationship.

The correlation between Danimer Scientific's Ev To Sales and Ptb Ratio is 0.31. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Danimer Scientific, assuming nothing else is changed. The correlation between historical values of Danimer Scientific's Ev To Sales and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Danimer Scientific are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Ev To Sales i.e., Danimer Scientific's Ev To Sales and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Danimer Scientific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Danimer Scientific 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danimer Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Danimer Stock, please use our How to Invest in Danimer Scientific guide.As of 11/22/2024, Tax Provision is likely to grow to about 287.7 K, while Selling General Administrative is likely to drop slightly above 59.1 M.

	2023	2024 (projected)
Depreciation And Amortization	29.1M	15.8M
Interest Income	399.1K	377.9K

Depreciation And Amortization Interest Income

Danimer Scientific fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total
Other Current Liab		0.4	-0.21	0.6	0.35	-0.23	-0.1	-0.24	0.22	-0.21	-0.42	-0.11	-0.32	-0.01	0.85	-0.37	0.16	-0.59	0.35	-0.28	-0.1	-0.31	0.35	-0.23	-0.25	-0.29
Total Current Liabilities	0.4		0.66	-0.15	0.83	-0.9	0.4	0.51	0.88	0.56	0.32	0.63	0.21	0.77	0.36	0.3	-0.57	-0.5	0.88	0.31	-0.56	0.17	0.88	0.56	0.6	0.19
Net Tangible Assets	-0.21	0.66		-0.72	0.74	-0.8	0.79	0.9	0.83	0.97	0.8	0.94	0.76	0.94	0.08	0.82	-0.92	0.02	0.74	0.81	-0.42	0.73	0.74	0.97	0.97	0.74
Retained Earnings	0.6	-0.15	-0.72		-0.34	0.45	-0.73	-0.81	-0.33	-0.81	-0.97	-0.76	-0.9	-0.62	0.23	-0.89	0.79	-0.69	-0.12	-0.87	0.06	-0.88	-0.12	-0.82	-0.81	-0.88
Accounts Payable	0.35	0.83	0.74	-0.34		-0.78	0.79	0.8	0.77	0.75	0.56	0.82	0.56	0.85	0.54	0.64	-0.82	-0.16	0.73	0.67	-0.69	0.55	0.73	0.74	0.75	0.56
Other Assets	-0.23	-0.9	-0.8	0.45	-0.78		-0.58	-0.65	-0.95	-0.74	-0.59	-0.81	-0.46	-0.9	-0.36	-0.5	0.74	0.24	-0.87	-0.53	0.43	-0.42	-0.87	-0.75	-0.78	-0.44
Net Receivables	-0.1	0.4	0.79	-0.73	0.79	-0.58		0.95	0.55	0.9	0.87	0.92	0.91	0.82	0.35	0.94	-0.96	0.38	0.41	0.96	-0.49	0.9	0.41	0.9	0.88	0.91
Inventory	-0.24	0.51	0.9	-0.81	0.8	-0.65	0.95		0.62	0.96	0.91	0.95	0.91	0.87	0.13	0.97	-0.98	0.33	0.47	0.96	-0.51	0.89	0.47	0.96	0.96	0.9
Total Current Assets	0.22	0.88	0.83	-0.33	0.77	-0.95	0.55	0.62		0.73	0.48	0.79	0.38	0.92	0.36	0.45	-0.72	-0.41	0.97	0.47	-0.53	0.33	0.97	0.73	0.77	0.36
Common Stock	-0.21	0.56	0.97	-0.81	0.75	-0.74	0.9	0.96	0.73		0.9	0.98	0.89	0.92	0.15	0.93	-0.97	0.22	0.61	0.93	-0.36	0.87	0.61	1.0	0.99	0.88
Property Plant Equipment	-0.42	0.32	0.8	-0.97	0.56	-0.59	0.87	0.91	0.48	0.9		0.89	0.94	0.77	-0.01	0.95	-0.91	0.59	0.27	0.95	-0.25	0.92	0.27	0.91	0.9	0.93
Total Assets	-0.11	0.63	0.94	-0.76	0.82	-0.81	0.92	0.95	0.79	0.98	0.89		0.86	0.96	0.27	0.9	-0.99	0.18	0.66	0.91	-0.47	0.83	0.66	0.98	0.98	0.84
Short Long Term Debt Total	-0.32	0.21	0.76	-0.9	0.56	-0.46	0.91	0.91	0.38	0.89	0.94	0.86		0.68	0.12	0.98	-0.88	0.6	0.21	0.98	-0.13	1.0	0.21	0.9	0.85	1.0
Total Stockholder Equity	-0.01	0.77	0.94	-0.62	0.85	-0.9	0.82	0.87	0.92	0.92	0.77	0.96	0.68		0.28	0.76	-0.94	-0.06	0.81	0.77	-0.59	0.65	0.81	0.92	0.95	0.67
Other Liab	0.85	0.36	0.08	0.23	0.54	-0.36	0.35	0.13	0.36	0.15	-0.01	0.27	0.12	0.28		0.06	-0.24	-0.28	0.4	0.16	-0.19	0.13	0.4	0.14	0.1	0.15
Property Plant And Equipment Net	-0.37	0.3	0.82	-0.89	0.64	-0.5	0.94	0.97	0.45	0.93	0.95	0.9	0.98	0.76	0.06		-0.94	0.54	0.28	0.99	-0.32	0.97	0.28	0.93	0.91	0.97
Current Deferred Revenue	0.16	-0.57	-0.92	0.79	-0.82	0.74	-0.96	-0.98	-0.72	-0.97	-0.91	-0.99	-0.88	-0.94	-0.24	-0.94		-0.26	-0.58	-0.94	0.5	-0.86	-0.58	-0.98	-0.98	-0.88
Net Debt	-0.59	-0.5	0.02	-0.69	-0.16	0.24	0.38	0.33	-0.41	0.22	0.59	0.18	0.6	-0.06	-0.28	0.54	-0.26		-0.61	0.52	0.26	0.63	-0.61	0.24	0.2	0.61
Cash	0.35	0.88	0.74	-0.12	0.73	-0.87	0.41	0.47	0.97	0.61	0.27	0.66	0.21	0.81	0.4	0.28	-0.58	-0.61		0.3	-0.49	0.17	1.0	0.6	0.63	0.19
Non Current Assets Total	-0.28	0.31	0.81	-0.87	0.67	-0.53	0.96	0.96	0.47	0.93	0.95	0.91	0.98	0.77	0.16	0.99	-0.94	0.52	0.3		-0.32	0.98	0.3	0.93	0.9	0.98
Non Currrent Assets Other	-0.1	-0.56	-0.42	0.06	-0.69	0.43	-0.49	-0.51	-0.53	-0.36	-0.25	-0.47	-0.13	-0.59	-0.19	-0.32	0.5	0.26	-0.49	-0.32		-0.11	-0.49	-0.36	-0.44	-0.13
Long Term Debt	-0.31	0.17	0.73	-0.88	0.55	-0.42	0.9	0.89	0.33	0.87	0.92	0.83	1.0	0.65	0.13	0.97	-0.86	0.63	0.17	0.98	-0.11		0.17	0.87	0.82	1.0
Cash And Short Term Investments	0.35	0.88	0.74	-0.12	0.73	-0.87	0.41	0.47	0.97	0.61	0.27	0.66	0.21	0.81	0.4	0.28	-0.58	-0.61	1.0	0.3	-0.49	0.17		0.6	0.63	0.19
Common Stock Total Equity	-0.23	0.56	0.97	-0.82	0.74	-0.75	0.9	0.96	0.73	1.0	0.91	0.98	0.9	0.92	0.14	0.93	-0.98	0.24	0.6	0.93	-0.36	0.87	0.6		0.99	0.88
Common Stock Shares Outstanding	-0.25	0.6	0.97	-0.81	0.75	-0.78	0.88	0.96	0.77	0.99	0.9	0.98	0.85	0.95	0.1	0.91	-0.98	0.2	0.63	0.9	-0.44	0.82	0.63	0.99		0.83
Non Current Liabilities Total	-0.29	0.19	0.74	-0.88	0.56	-0.44	0.91	0.9	0.36	0.88	0.93	0.84	1.0	0.67	0.15	0.97	-0.88	0.61	0.19	0.98	-0.13	1.0	0.19	0.88	0.83

Click cells to compare fundamentals

Danimer Scientific Account Relationship Matchups

Danimer Scientific fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	9.7M	6.2M	14.9M	995K	837K	795.2K
Total Current Liabilities	34.3M	50.5M	43.5M	25.3M	15.7M	24.3M
Net Tangible Assets	14.5M	437.1M	353.0M	377.6M	434.3M	265.6M
Retained Earnings	(49.9M)	(62.5M)	(118.9M)	(298.6M)	(454.1M)	(431.4M)
Accounts Payable	8.1M	10.6M	20.8M	15.0M	5.3M	5.0M
Other Assets	30.9M	15.8M	15.5M	33.3M	30.0M	21.6M
Net Receivables	5.5M	8.1M	24.6M	24.3M	18.9M	16.2M
Inventory	7.0M	13.6M	24.6M	32.7M	25.3M	19.7M
Total Current Assets	19.2M	402.4M	340.4M	125.1M	108.0M	185.7M
Property Plant Equipment	92.4M	126.2M	335.4M	453.9M	522.0M	548.1M

Pair Trading with Danimer Scientific

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

Moving against Danimer Stock

0.73	ECVT	Ecovyst	Pair Corr
0.72	WDFC	WD 40 Company	Pair Corr
0.7	WTTR	Select Energy Services	Pair Corr

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

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

When running Danimer Scientific's price analysis, check to measure Danimer Scientific'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 Danimer Scientific is operating at the current time. Most of Danimer Scientific's value examination focuses on studying past and present price action to predict the probability of Danimer Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danimer Scientific's price. Additionally, you may evaluate how the addition of Danimer Scientific to your portfolios can decrease your overall portfolio volatility.

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