Entravision Tax Provision vs Total Operating Expenses Analysis

EVC Stock  USD 2.47  0.08  3.35%   
Entravision Communications financial indicator trend analysis is much more than just examining Entravision Communications latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Entravision Communications is a good investment. Please check the relationship between Entravision Communications Tax Provision and its Total Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entravision Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For information on how to trade Entravision Stock refer to our How to Trade Entravision Stock guide.

Tax Provision vs Total Operating Expenses

Tax Provision vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Entravision Communications Tax Provision account and Total Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Entravision Communications' Tax Provision and Total Operating Expenses is -0.17. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Entravision Communications, assuming nothing else is changed. The correlation between historical values of Entravision Communications' Tax Provision and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Entravision Communications are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Tax Provision i.e., Entravision Communications' Tax Provision and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Entravision Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Entravision Communications 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 Entravision Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For information on how to trade Entravision Stock refer to our How to Trade Entravision Stock guide.At present, Entravision Communications' Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 20.40, whereas Tax Provision is forecasted to decline to about 2.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense7.0M10.9M17.3M18.9M
Depreciation And Amortization22.9M26.2M28.0M24.1M

Entravision Communications fundamental ratios Correlations

0.78-0.120.72-0.260.77-0.610.340.810.93-0.120.690.750.770.040.830.290.80.310.390.610.710.830.69-0.6-0.6
0.78-0.270.37-0.150.63-0.330.080.320.8-0.450.430.520.530.390.710.180.58-0.170.480.430.560.690.67-0.69-0.29
-0.12-0.27-0.42-0.24-0.39-0.50.80.1-0.320.93-0.4-0.39-0.13-0.880.12-0.14-0.360.670.03-0.32-0.44-0.5-0.360.76-0.64
0.720.37-0.420.030.74-0.40.120.760.71-0.20.710.720.570.060.490.190.730.290.050.610.680.750.39-0.54-0.35
-0.26-0.15-0.240.03-0.070.24-0.31-0.31-0.26-0.16-0.31-0.26-0.090.15-0.34-0.31-0.23-0.22-0.11-0.36-0.07-0.32-0.27-0.050.25
0.770.63-0.390.74-0.07-0.40.090.560.71-0.380.440.580.710.20.540.050.60.08-0.050.450.590.720.45-0.73-0.36
-0.61-0.33-0.5-0.40.24-0.4-0.87-0.76-0.5-0.5-0.35-0.45-0.60.61-0.79-0.31-0.49-0.74-0.03-0.46-0.45-0.37-0.3-0.030.86
0.340.080.80.12-0.310.09-0.870.540.170.780.050.060.22-0.860.520.040.110.840.070.1-0.010.0-0.080.43-0.9
0.810.320.10.76-0.310.56-0.760.540.750.250.760.780.67-0.320.750.430.80.680.150.660.670.70.54-0.23-0.67
0.930.8-0.320.71-0.260.71-0.50.170.75-0.320.830.870.680.260.80.460.890.170.450.730.810.940.83-0.67-0.36
-0.12-0.450.93-0.2-0.16-0.38-0.50.780.25-0.32-0.28-0.32-0.14-0.960.04-0.15-0.30.82-0.03-0.26-0.4-0.46-0.430.82-0.64
0.690.43-0.40.71-0.310.44-0.350.050.760.83-0.280.950.520.250.640.660.930.160.250.820.820.870.75-0.52-0.12
0.750.52-0.390.72-0.260.58-0.450.060.780.87-0.320.950.670.260.760.720.990.110.090.890.940.920.86-0.62-0.18
0.770.53-0.130.57-0.090.71-0.60.220.670.68-0.140.520.670.050.70.360.670.190.020.580.750.640.6-0.65-0.46
0.040.39-0.880.060.150.20.61-0.86-0.320.26-0.960.250.260.05-0.110.160.22-0.850.150.190.320.380.44-0.720.74
0.830.710.120.49-0.340.54-0.790.520.750.80.040.640.760.7-0.110.570.810.320.170.730.760.720.74-0.4-0.63
0.290.18-0.140.19-0.310.05-0.310.040.430.46-0.150.660.720.360.160.570.680.0-0.040.830.720.550.76-0.260.04
0.80.58-0.360.73-0.230.6-0.490.110.80.89-0.30.930.990.670.220.810.680.140.120.860.940.920.86-0.63-0.25
0.31-0.170.670.29-0.220.08-0.740.840.680.170.820.160.110.19-0.850.320.00.140.120.1-0.010.05-0.10.49-0.78
0.390.480.030.05-0.11-0.05-0.030.070.150.45-0.030.250.090.020.150.17-0.040.120.120.030.030.270.27-0.08-0.13
0.610.43-0.320.61-0.360.45-0.460.10.660.73-0.260.820.890.580.190.730.830.860.10.030.90.850.81-0.51-0.16
0.710.56-0.440.68-0.070.59-0.45-0.010.670.81-0.40.820.940.750.320.760.720.94-0.010.030.90.870.86-0.71-0.15
0.830.69-0.50.75-0.320.72-0.370.00.70.94-0.460.870.920.640.380.720.550.920.050.270.850.870.85-0.73-0.17
0.690.67-0.360.39-0.270.45-0.3-0.080.540.83-0.430.750.860.60.440.740.760.86-0.10.270.810.860.85-0.65-0.05
-0.6-0.690.76-0.54-0.05-0.73-0.030.43-0.23-0.670.82-0.52-0.62-0.65-0.72-0.4-0.26-0.630.49-0.08-0.51-0.71-0.73-0.65-0.14
-0.6-0.29-0.64-0.350.25-0.360.86-0.9-0.67-0.36-0.64-0.12-0.18-0.460.74-0.630.04-0.25-0.78-0.13-0.16-0.15-0.17-0.05-0.14
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Entravision Communications Account Relationship Matchups

Entravision Communications fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets656.2M744.6M851.3M880.8M865.9M703.5M
Total Stockholder Equity288.2M276.0M256.9M270.4M222.5M321.3M
Net Debt233.3M133.4M55.5M149.6M156.7M209.9M
Cash33.1M119.2M185.1M110.7M105.7M64.7M
Other Assets21K301.8M(2K)10.9M(24.5M)(23.3M)
Cash And Short Term Investments124.8M147.2M185.1M155.2M118.9M77.8M
Common Stock Shares Outstanding85.1M84.2M87.9M87.8M87.9M78.1M
Liabilities And Stockholders Equity656.2M744.6M851.3M880.8M865.9M703.5M
Other Stockholder Equity836.2M828.8M780.4M776.3M743.2M1.0B
Total Liab368.0M468.7M594.4M595.5M599.7M523.0M
Total Current Assets209.4M307.6M408.5M407.9M385.9M405.1M
Short Long Term Debt Total266.5M252.5M240.6M260.3M262.5M267.2M
Other Current Liab(2.4M)51.2M123.7M128.9M131.2M137.8M
Total Current Liabilities66.0M134.4M224.9M248.2M272.1M285.7M
Property Plant And Equipment Net123.5M105.5M88.1M105.8M115.4M81.5M
Retained Earnings(547.9M)(551.8M)(522.5M)(504.4M)(519.8M)(545.8M)
Non Current Assets Total446.8M437.1M442.9M472.9M504.6M583.2M
Non Currrent Assets Other7.5M7.6M8.5M8.3M46.6M48.9M
Net Receivables71.4M142.0M201.7M224.7M235.8M247.6M
Non Current Liabilities Total302.0M334.2M369.6M347.2M327.6M337.5M
Other Current Assets13.2M38.9M40.6M28.0M31.1M31.4M
Property Plant And Equipment Gross123.5M105.5M272.0M105.8M313.0M328.7M
Short Term Debt12.1M17.6M19.5M16.4M24.5M25.8M
Other Liab47.6M58.7M141.2M97.8M112.5M118.1M
Accounts Payable53.9M49.7M58.8M75.2M108.2M113.6M
Long Term Debt213.0M210.5M207.4M207.3M199.6M263.0M
Good Will46.5M57.8M71.7M87.0M90.7M178.0M
Accumulated Other Comprehensive Income(131K)(1.1M)(977K)(1.5M)(915.0K)(960.7K)
Intangible Assets269.3M266.1M273.1M269.3M247.0M459.1M
Property Plant Equipment79.6M105.5M88.1M105.8M95.2M82.1M
Short Term Investments91.7M28.0M74.3M44.5M13.2M12.5M
Net Tangible Assets(27.7M)(47.9M)(90.5M)(85.8M)(98.7M)(103.6M)
Retained Earnings Total Equity(547.9M)(551.8M)(522.5M)(504.4M)(580.0M)(609.0M)
Long Term Debt Total213.0M210.5M207.4M207.3M186.6M220.0M
Capital Surpluse836.2M828.8M780.4M776.3M698.7M695.9M
Deferred Long Term Liab44.3M55.0M68.2M67.6M77.7M81.6M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Entravision Communications offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Entravision Communications' 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 Entravision Communications Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Entravision Communications Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entravision Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For information on how to trade Entravision Stock refer to our How to Trade Entravision Stock guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Broadcasting 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 Entravision Communications. If investors know Entravision 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 Entravision Communications 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
(0.73)
Dividend Share
0.2
Earnings Share
(0.11)
Revenue Per Share
12.822
Quarterly Revenue Growth
0.255
The market value of Entravision Communications is measured differently than its book value, which is the value of Entravision that is recorded on the company's balance sheet. Investors also form their own opinion of Entravision Communications' value that differs from its market value or its book value, called intrinsic value, which is Entravision Communications' 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 Entravision Communications' market value can be influenced by many factors that don't directly affect Entravision Communications' 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 Entravision Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Entravision Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entravision Communications' 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.