First Historical Cash Flow
| FHN Stock | USD 21.13 0.04 0.19% |
Analysis of First Horizon cash flow over time is an excellent tool to project First Horizon National future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Free Cash Flow of 1.3 B or Change In Working Capital of 891.5 M as it is a great indicator of First Horizon ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining First Horizon National 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 First Horizon National is a good buy for the upcoming year.
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About First Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in First balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which First's non-liquid assets can be easily converted into cash.
First Horizon Cash Flow Chart
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Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by First Horizon National to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of First Horizon operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Most accounts from First Horizon's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into First Horizon National current financial condition. On the other hand, looking into the entire matrix of cash flow statement 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 First Horizon National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. At this time, First Horizon's Total Cash From Operating Activities is very stable compared to the past year. As of the 30th of November 2024, Net Income is likely to grow to about 941.9 M, while Begin Period Cash Flow is likely to drop about 1.3 B.
First Horizon cash flow statement Correlations
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First Horizon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Horizon cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (138.4M) | 381M | 140M | (245M) | 188M | 197.4M | |
| Stock Based Compensation | 22.7M | 32M | 43M | 75M | 36M | 37.8M | |
| Free Cash Flow | 781.1M | 114M | 688M | 2.3B | 1.3B | 1.3B | |
| Change In Working Capital | 1.5B | (223M) | 2.2B | 2.6B | 849M | 891.5M | |
| Begin Period Cash Flow | 1.4B | 1.3B | 1.6B | 1.8B | 1.5B | 1.3B | |
| Other Cashflows From Financing Activities | (11.5M) | (12M) | 4.8B | (10.5B) | 2.3B | 2.4B | |
| Depreciation | 65.2M | 62M | 50M | 99M | 102M | 94.6M | |
| Other Non Cash Items | (1.2B) | (538M) | (2.3B) | (1.5B) | (629M) | (597.6M) | |
| Dividends Paid | 177.3M | 239M | 366M | 356M | (367M) | (348.7M) | |
| Capital Expenditures | 49.2M | 58M | 53M | 28M | 37M | 53.7M | |
| Total Cash From Operating Activities | 830.3M | 172M | 741M | 2.3B | 1.3B | 1.4B | |
| Net Income | 452.4M | 857M | 1.0B | 912M | 897M | 941.9M | |
| Total Cash From Financing Activities | 1.4B | 5.2B | 4.0B | (10.9B) | 1.5B | 1.6B | |
| End Period Cash Flow | 1.3B | 1.6B | 1.8B | 1.5B | 1.7B | 1.3B | |
| Other Cashflows From Investing Activities | 70.9M | 2.1B | 83M | 115M | 132.3M | 202.8M | |
| Total Cashflows From Investing Activities | (2.4B) | (5.0B) | (4.6B) | 8.3B | 7.5B | 7.9B | |
| Sale Purchase Of Stock | (134.8M) | (11M) | (416M) | (12M) | (10M) | (10.5M) | |
| Investments | (2.4B) | (7.0B) | (4.6B) | 8.2B | (2.7B) | (2.5B) | |
| Net Borrowings | 2.0B | (1.9B) | (183M) | 382M | 439.3M | 461.3M | |
| Cash And Cash Equivalents Changes | (138.4M) | 381M | 140M | (245M) | (281.8M) | (267.7M) | |
| Change To Netincome | 377.9M | (685M) | (269M) | 1.4B | 1.3B | 1.3B |
Pair Trading with First Horizon
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 First Horizon 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 First Horizon will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
| 0.96 | AX | Axos Financial | PairCorr |
| 0.94 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.64 | KB | KB Financial Group | PairCorr |
Moving against First Stock
| 0.73 | CFG-PE | Citizens Financial | PairCorr |
| 0.69 | TFC-PO | Truist Financial | PairCorr |
| 0.67 | TFC-PR | Truist Financial | PairCorr |
| 0.32 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to First Horizon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Horizon 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 First Horizon - 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 First Horizon National to buy it.
The correlation of First Horizon 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 First Horizon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Horizon National 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 First Horizon 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 First Horizon National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Regional 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 First Horizon. If investors know First 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 First Horizon 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 0.734 | Dividend Share 0.6 | Earnings Share 1.37 | Revenue Per Share 5.604 | Quarterly Revenue Growth 0.186 |
The market value of First Horizon National is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Horizon's value that differs from its market value or its book value, called intrinsic value, which is First Horizon'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 First Horizon's market value can be influenced by many factors that don't directly affect First Horizon'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 First Horizon's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Horizon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Horizon'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.