Evogene Historical Balance Sheet
EVGN Stock | USD 1.61 0.08 4.73% |
Trend analysis of Evogene balance sheet accounts such as Other Current Liabilities of 2.8 M or Total Current Liabilities of 5.6 M provides information on Evogene's total assets, liabilities, and equity, which is the actual value of Evogene to its prevalent stockholders. By breaking down trends over time using Evogene balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Evogene latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Evogene is a good buy for the upcoming year.
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About Evogene Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Evogene at a specified time, usually calculated after every quarter, six months, or one year. Evogene Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Evogene 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 Evogene currently owns. An asset can also be divided into two categories, current and non-current.
Evogene Balance Sheet Chart
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Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Current Liabilities
Total Current Liabilities is an item on Evogene balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Evogene are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Cash
Cash refers to the most liquid asset of Evogene, which is listed under current asset account on Evogene balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Evogene customers. The amounts must be unrestricted with restricted cash listed in a different Evogene account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Most accounts from Evogene's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Evogene current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Evogene. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Evogene Stock, please use our How to Invest in Evogene guide.At this time, Evogene's Non Currrent Assets Other are very stable compared to the past year. As of the 29th of November 2024, Cash And Short Term Investments is likely to grow to about 55.2 M, while Common Stock Shares Outstanding is likely to drop about 4.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 6.9M | 5.6M | 6.9M | 5.6M | Other Current Liabilities | 4.3M | 3.6M | 3.9M | 2.8M |
Evogene balance sheet Correlations
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Evogene Account Relationship Matchups
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Evogene balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 71.4M | 71.9M | 76.3M | 56.1M | 51.1M | 65.0M | |
Common Stock Shares Outstanding | 25.8M | 2.8M | 4.0M | 4.1M | 4.6M | 4.3M | |
Other Current Liab | 3.4M | 8.0M | 4.3M | 3.6M | 3.9M | 2.8M | |
Total Current Liabilities | 5.7M | 9.7M | 6.9M | 5.6M | 6.9M | 5.6M | |
Total Stockholder Equity | 50.1M | 46.0M | 54.0M | 27.9M | 12.1M | 11.5M | |
Other Liab | 3.3M | 3.7M | 4.3M | 14.8M | 17.0M | 17.8M | |
Accounts Payable | 1.0M | 863K | 1.5M | 1.0M | 1.8M | 1.2M | |
Cash | 34.7M | 46.2M | 32.3M | 29.0M | 20.8M | 26.8M | |
Short Term Investments | 12.1M | 2M | 21.5M | 6.4M | 10.3M | 9.8M | |
Other Current Assets | 894K | 1.4M | 1.7M | 1.0M | 2.7M | 5.0M | |
Total Liab | 11.1M | 15.0M | 12.9M | 21.3M | 22.4M | 15.0M | |
Property Plant Equipment | 5.3M | 3.9M | 4.2M | 4.1M | 3.7M | 4.7M | |
Property Plant And Equipment Net | 5.3M | 3.9M | 4.2M | 4.1M | 3.4M | 4.5M | |
Current Deferred Revenue | 423K | 119K | 264K | 101K | 362K | 343.9K | |
Net Debt | (31.8M) | (43.8M) | (29.7M) | (17.1M) | (9.3M) | (9.7M) | |
Retained Earnings | (155.9M) | (179.3M) | (207.1M) | (233.7M) | (257.6M) | (244.7M) | |
Non Current Assets Total | 22.3M | 20.1M | 19.4M | 18.4M | 16.6M | 13.2M | |
Cash And Short Term Investments | 46.9M | 48.2M | 53.9M | 35.4M | 31.1M | 55.2M | |
Net Receivables | 2.2M | 2.2M | 1.2M | 803K | 671K | 637.5K | |
Liabilities And Stockholders Equity | 71.4M | 71.9M | 76.3M | 56.1M | 51.1M | 66.8M | |
Non Current Liabilities Total | 5.4M | 5.4M | 6.0M | 15.7M | 15.5M | 16.2M | |
Other Stockholder Equity | 205.9M | 225.1M | 260.5M | 261.4M | 269.4M | 225.1M | |
Property Plant And Equipment Gross | 5.3M | 3.9M | 4.2M | 4.1M | 26.0M | 27.3M | |
Total Current Assets | 49.0M | 51.8M | 56.9M | 37.8M | 34.5M | 57.2M | |
Accumulated Other Comprehensive Income | 205.9M | 225.1M | 260.5M | 261.4M | 269.4M | 282.8M | |
Short Term Debt | 895K | 777K | 974K | 1.8M | 853K | 1.7M | |
Net Tangible Assets | 33.1M | 29.9M | 38.8M | 13.8M | 12.4M | 11.8M | |
Inventory | (894K) | (1.4M) | 92K | 566K | 76K | 79.8K | |
Non Current Liabilities Other | 3.4M | 2.9M | 3.3M | 3.7M | 4.2M | 3.7M | |
Net Invested Capital | 50.1M | 46.0M | 54.0M | 38.0M | 22.4M | 37.7M | |
Net Working Capital | 43.3M | 42.1M | 50.0M | 32.1M | 27.5M | 35.8M |
Pair Trading with Evogene
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 Evogene 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 Evogene will appreciate offsetting losses from the drop in the long position's value.Moving against Evogene Stock
0.86 | GILD | Gilead Sciences | PairCorr |
0.85 | BMY | Bristol Myers Squibb Sell-off Trend | PairCorr |
0.8 | ESPR | Esperion Therapeutics Buyout Trend | PairCorr |
0.73 | EWTX | Edgewise Therapeutics | PairCorr |
0.71 | VTRS | Viatris | PairCorr |
The ability to find closely correlated positions to Evogene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evogene 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 Evogene - 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 Evogene to buy it.
The correlation of Evogene 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 Evogene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evogene 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 Evogene 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evogene. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Evogene Stock, please use our How to Invest in Evogene guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Biotechnology 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 Evogene. If investors know Evogene 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 Evogene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.46) | Revenue Per Share 1.881 | Quarterly Revenue Growth 0.398 | Return On Assets (0.28) | Return On Equity (0.82) |
The market value of Evogene is measured differently than its book value, which is the value of Evogene that is recorded on the company's balance sheet. Investors also form their own opinion of Evogene's value that differs from its market value or its book value, called intrinsic value, which is Evogene's 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 Evogene's market value can be influenced by many factors that don't directly affect Evogene's 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 Evogene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evogene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evogene's 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.