Enghouse Income Quality vs Free Cash Flow Yield Analysis

ENGH Stock

CAD 29.10 0.17 0.58%

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

Income Quality vs Free Cash Flow Yield

Income Quality vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enghouse Systems Income Quality account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Enghouse Systems' Income Quality and Free Cash Flow Yield is 0.96. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Enghouse Systems, assuming nothing else is changed. The correlation between historical values of Enghouse Systems' Income Quality and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Enghouse Systems are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Income Quality i.e., Enghouse Systems' Income Quality and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

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

At this time, Enghouse Systems' Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value is likely to grow to about 1.5 B, while Tax Provision is likely to drop about 13.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	735K	695K	625.5K	1.1M
Depreciation And Amortization	46.7M	48.8M	56.1M	59.0M

Interest Expense Depreciation And Amortization

Enghouse Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	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	Short Term Investments
Total Assets		0.46	0.83	0.99	1.0	0.67	0.99	-0.93	0.99	0.95	0.97	0.99	0.88	0.97	0.97	0.65	0.66	-0.62	0.99	0.47	0.98	0.87	0.99	-0.22	-0.27	-0.78
Short Long Term Debt Total	0.46		0.61	0.49	0.41	0.91	0.36	-0.43	0.41	0.54	0.46	0.44	0.27	0.47	0.42	0.35	0.79	-0.31	0.46	0.08	0.55	0.53	0.47	0.34	-0.59	-0.34
Other Current Liab	0.83	0.61		0.86	0.79	0.78	0.77	-0.77	0.79	0.89	0.78	0.83	0.54	0.78	0.83	0.56	0.83	-0.52	0.81	0.28	0.89	0.58	0.81	-0.22	-0.55	-0.66
Total Current Liabilities	0.99	0.49	0.86		0.98	0.68	0.98	-0.9	0.97	0.97	0.95	0.99	0.85	0.95	0.97	0.68	0.7	-0.66	0.99	0.41	0.99	0.83	0.97	-0.19	-0.27	-0.8
Total Stockholder Equity	1.0	0.41	0.79	0.98		0.64	0.99	-0.93	1.0	0.92	0.98	0.99	0.9	0.98	0.96	0.62	0.62	-0.6	0.98	0.51	0.97	0.88	0.99	-0.23	-0.24	-0.76
Property Plant And Equipment Net	0.67	0.91	0.78	0.68	0.64		0.57	-0.67	0.66	0.7	0.7	0.65	0.42	0.7	0.62	0.32	0.85	-0.27	0.66	0.37	0.73	0.71	0.69	0.02	-0.68	-0.41
Current Deferred Revenue	0.99	0.36	0.77	0.98	0.99	0.57		-0.9	0.98	0.92	0.95	0.99	0.91	0.95	0.95	0.65	0.57	-0.64	0.98	0.46	0.96	0.85	0.97	-0.18	-0.14	-0.77
Net Debt	-0.93	-0.43	-0.77	-0.9	-0.93	-0.67	-0.9		-0.94	-0.85	-0.96	-0.9	-0.78	-0.96	-0.88	-0.62	-0.69	0.57	-0.89	-0.47	-0.9	-0.8	-0.96	0.27	0.33	0.75
Retained Earnings	0.99	0.41	0.79	0.97	1.0	0.66	0.98	-0.94		0.91	0.98	0.99	0.89	0.98	0.95	0.6	0.62	-0.57	0.98	0.54	0.96	0.89	0.99	-0.25	-0.27	-0.74
Accounts Payable	0.95	0.54	0.89	0.97	0.92	0.7	0.92	-0.85	0.91		0.88	0.96	0.75	0.88	0.98	0.73	0.79	-0.71	0.95	0.28	0.98	0.74	0.92	-0.21	-0.33	-0.86
Cash	0.97	0.46	0.78	0.95	0.98	0.7	0.95	-0.96	0.98	0.88		0.95	0.85	1.0	0.9	0.57	0.64	-0.54	0.95	0.53	0.94	0.88	0.99	-0.24	-0.26	-0.7
Non Current Assets Total	0.99	0.44	0.83	0.99	0.99	0.65	0.99	-0.9	0.99	0.96	0.95		0.88	0.94	0.98	0.64	0.65	-0.62	0.99	0.47	0.98	0.86	0.97	-0.22	-0.26	-0.78
Other Assets	0.88	0.27	0.54	0.85	0.9	0.42	0.91	-0.78	0.89	0.75	0.85	0.88		0.85	0.83	0.54	0.34	-0.54	0.87	0.52	0.8	0.86	0.87	-0.08	0.01	-0.63
Cash And Short Term Investments	0.97	0.47	0.78	0.95	0.98	0.7	0.95	-0.96	0.98	0.88	1.0	0.94	0.85		0.9	0.6	0.65	-0.58	0.94	0.48	0.94	0.87	0.99	-0.18	-0.27	-0.72
Net Receivables	0.97	0.42	0.83	0.97	0.96	0.62	0.95	-0.88	0.95	0.98	0.9	0.98	0.83	0.9		0.71	0.7	-0.68	0.97	0.37	0.97	0.79	0.95	-0.28	-0.29	-0.86
Common Stock Shares Outstanding	0.65	0.35	0.56	0.68	0.62	0.32	0.65	-0.62	0.6	0.73	0.57	0.64	0.54	0.6	0.71		0.62	-0.97	0.61	-0.3	0.69	0.36	0.64	0.2	-0.16	-0.93
Non Current Liabilities Total	0.66	0.79	0.83	0.7	0.62	0.85	0.57	-0.69	0.62	0.79	0.64	0.65	0.34	0.65	0.7	0.62		-0.53	0.65	0.07	0.76	0.5	0.67	-0.07	-0.61	-0.66
Inventory	-0.62	-0.31	-0.52	-0.66	-0.6	-0.27	-0.64	0.57	-0.57	-0.71	-0.54	-0.62	-0.54	-0.58	-0.68	-0.97	-0.53		-0.59	0.36	-0.66	-0.33	-0.62	-0.26	0.11	0.92
Other Current Assets	0.99	0.46	0.81	0.99	0.98	0.66	0.98	-0.89	0.98	0.95	0.95	0.99	0.87	0.94	0.97	0.61	0.65	-0.59		0.49	0.98	0.87	0.97	-0.24	-0.21	-0.76
Other Stockholder Equity	0.47	0.08	0.28	0.41	0.51	0.37	0.46	-0.47	0.54	0.28	0.53	0.47	0.52	0.48	0.37	-0.3	0.07	0.36	0.49		0.37	0.69	0.47	-0.49	-0.13	0.08
Total Liab	0.98	0.55	0.89	0.99	0.97	0.73	0.96	-0.9	0.96	0.98	0.94	0.98	0.8	0.94	0.97	0.69	0.76	-0.66	0.98	0.37		0.82	0.97	-0.18	-0.33	-0.81
Property Plant And Equipment Gross	0.87	0.53	0.58	0.83	0.88	0.71	0.85	-0.8	0.89	0.74	0.88	0.86	0.86	0.87	0.79	0.36	0.5	-0.33	0.87	0.69	0.82		0.87	-0.08	-0.26	-0.5
Total Current Assets	0.99	0.47	0.81	0.97	0.99	0.69	0.97	-0.96	0.99	0.92	0.99	0.97	0.87	0.99	0.95	0.64	0.67	-0.62	0.97	0.47	0.97	0.87		-0.21	-0.28	-0.77
Short Term Debt	-0.22	0.34	-0.22	-0.19	-0.23	0.02	-0.18	0.27	-0.25	-0.21	-0.24	-0.22	-0.08	-0.18	-0.28	0.2	-0.07	-0.26	-0.24	-0.49	-0.18	-0.08	-0.21		-0.03	0.06
Non Currrent Assets Other	-0.27	-0.59	-0.55	-0.27	-0.24	-0.68	-0.14	0.33	-0.27	-0.33	-0.26	-0.26	0.01	-0.27	-0.29	-0.16	-0.61	0.11	-0.21	-0.13	-0.33	-0.26	-0.28	-0.03		0.19
Short Term Investments	-0.78	-0.34	-0.66	-0.8	-0.76	-0.41	-0.77	0.75	-0.74	-0.86	-0.7	-0.78	-0.63	-0.72	-0.86	-0.93	-0.66	0.92	-0.76	0.08	-0.81	-0.5	-0.77	0.06	0.19

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Enghouse Systems Account Relationship Matchups

Enghouse Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	763.6M	674.6M	705.0M	783.7M	901.2M	946.3M
Short Long Term Debt Total	42.2M	25.6M	19.9M	12.4M	14.3M	11.8M
Other Current Liab	26.4M	14.5M	13.4M	14.4M	16.6M	17.4M
Total Current Liabilities	206.6M	174.5M	163.9M	197.5M	227.1M	238.5M
Total Stockholder Equity	496.3M	454.3M	508.2M	555.3M	638.6M	670.6M
Property Plant And Equipment Net	49.1M	32.2M	24.2M	15.5M	17.8M	18.7M
Current Deferred Revenue	89.9M	80.6M	83.1M	109.0M	125.4M	131.6M
Net Debt	(202.6M)	(170.3M)	(205.2M)	(227.1M)	(204.4M)	(194.2M)
Retained Earnings	379.4M	355.0M	401.2M	426.4M	490.4M	514.9M
Accounts Payable	80.3M	71.5M	60.5M	67.8M	77.9M	81.8M
Cash	244.8M	195.9M	225.1M	239.5M	275.5M	289.2M
Non Current Assets Total	406.3M	371.0M	370.5M	434.3M	499.4M	524.4M
Other Assets	12.7M	16.1M	13.9M	30.3M	34.9M	36.6M
Cash And Short Term Investments	251.8M	198.8M	228.1M	240.4M	276.4M	290.2M
Net Receivables	90.8M	91.5M	93.6M	93.5M	107.5M	112.9M
Common Stock Shares Outstanding	55.6M	55.9M	55.6M	55.3M	63.6M	53.3M
Liabilities And Stockholders Equity	763.6M	674.6M	705.0M	783.7M	901.2M	946.3M
Non Current Liabilities Total	60.7M	45.8M	33.0M	30.8M	35.5M	20.1M
Other Current Assets	14.8M	13.3M	12.8M	15.5M	17.8M	18.7M
Other Stockholder Equity	6.6M	7.4M	8.9M	10.4M	9.4M	8.9M
Total Liab	267.3M	220.3M	196.8M	228.3M	262.6M	275.7M
Property Plant And Equipment Gross	49.1M	71.2M	70.6M	69.3M	79.7M	83.7M
Total Current Assets	357.4M	303.7M	334.5M	349.4M	401.8M	421.9M
Accumulated Other Comprehensive Income	11.0M	(14.6M)	(9.0M)	10.8M	12.5M	13.1M
Short Term Debt	9.9M	7.9M	6.8M	6.3M	5.7M	5.4M
Non Currrent Assets Other	(390.2M)	(357.0M)	(340.2M)	28.9M	26.0M	27.3M
Short Term Investments	7.0M	2.9M	3.0M	827K	744.3K	707.1K
Intangible Assets	123.6M	101.8M	85.9M	109.7M	126.1M	132.4M
Good Will	217.4M	223.0M	230.0M	280.2M	322.3M	338.4M
Common Stock	99.4M	106.5M	107.0M	107.7M	123.9M	88.0M
Other Liab	26.7M	28.5M	28.1M	19.9M	22.9M	27.8M
Net Tangible Assets	76.9M	155.3M	129.5M	192.3M	221.1M	232.2M
Property Plant Equipment	6.3M	49.1M	32.2M	24.2M	27.9M	16.8M
Capital Surpluse	6.7M	6.6M	7.4M	8.9M	10.2M	6.5M
Long Term Debt Total	874K	32.2M	17.7M	13.1M	15.0M	11.3M
Cash And Equivalents	144.8M	244.8M	195.9M	225.1M	258.9M	188.1M

Pair Trading with Enghouse Systems

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

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

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

Other Information on Investing in Enghouse Stock

Balance Sheet is a snapshot of the financial position of Enghouse Systems at a specified time, usually calculated after every quarter, six months, or one year. Enghouse Systems Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Enghouse Systems and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Enghouse currently owns. An asset can also be divided into two categories, current and non-current.

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Enghouse Income Quality vs Free Cash Flow Yield Analysis

Income Quality vs Free Cash Flow Yield

Income Quality vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Income Quality

Free Cash Flow Yield

Enghouse Systems fundamental ratios Correlations

Enghouse Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enghouse Systems fundamental ratios Accounts

Pair Trading with Enghouse Systems

Other Information on Investing in Enghouse Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Current Deferred Revenue	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets

Inventory	- 0.97	Common Stock Shares Outstanding
Total Current Assets	- 0.96	Net Debt
Cash And Short Term Investments	- 0.96	Net Debt
Cash	- 0.96	Net Debt
Retained Earnings	- 0.94	Net Debt
Short Term Investments	- 0.93	Common Stock Shares Outstanding