Icon Free Cash Flow Yield vs Book Value Per Share Analysis

ICON Stock

USD 2.78 0.61 28.11%

Icon Energy financial indicator trend analysis is infinitely more than just investigating Icon Energy Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Icon Energy Corp is a good investment. Please check the relationship between Icon Energy Free Cash Flow Yield and its Book Value Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icon Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Free Cash Flow Yield vs Book Value Per Share

Free Cash Flow Yield vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Icon Energy Corp Free Cash Flow Yield account and Book Value Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Icon Energy's Free Cash Flow Yield and Book Value Per Share is -0.38. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Icon Energy Corp, assuming nothing else is changed. The correlation between historical values of Icon Energy's Free Cash Flow Yield and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Icon Energy Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Free Cash Flow Yield i.e., Icon Energy's Free Cash Flow Yield and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.38

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

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

As of the 22nd of November 2024, Selling General Administrative is likely to drop to about 17.1 K. In addition to that, Issuance Of Capital Stock is likely to drop to about 506.7 K

	2021	2022	2023	2024 (projected)
Interest Expense	2K	3K	2.7K	2.6K
Depreciation And Amortization	541K	1.0M	1.0M	1.0M

Interest Expense Depreciation And Amortization

Icon Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant And Equipment Net	Retained Earnings
Total Assets		0.61	0.73	1.0	-1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	1.0	0.61	1.0	0.61	1.0	1.0	-1.0	1.0	1.0	0.61	0.61	0.61	0.72	0.5
Short Long Term Debt Total	0.61		-0.05	0.6	-0.61	0.61	0.59	0.62	0.62	0.61	-0.61	0.62	0.61	1.0	0.62	1.0	0.61	0.61	-0.61	0.61	0.61	1.0	1.0	1.0	0.97	0.91
Other Current Liab	0.73	-0.05		0.74	-0.74	0.73	0.74	0.72	0.73	0.73	-0.73	0.73	0.73	-0.05	0.72	-0.05	0.73	0.73	-0.73	0.73	0.73	-0.05	-0.05	-0.05	0.11	-0.22
Total Current Liabilities	1.0	0.6	0.74		-1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	1.0	0.6	1.0	0.6	1.0	1.0	-1.0	1.0	1.0	0.6	0.6	0.6	0.7	0.48
Total Stockholder Equity	-1.0	-0.61	-0.74	-1.0		-1.0	-1.0	-1.0	-1.0	-1.0	1.0	-1.0	-1.0	-0.61	-1.0	-0.61	-1.0	-1.0	1.0	-1.0	-1.0	-0.61	-0.61	-0.61	-0.71	-0.49
Current Deferred Revenue	1.0	0.61	0.73	1.0	-1.0		1.0	1.0	1.0	1.0	-1.0	1.0	1.0	0.61	1.0	0.61	1.0	1.0	-1.0	1.0	1.0	0.61	0.61	0.61	0.72	0.5
Net Debt	1.0	0.59	0.74	1.0	-1.0	1.0		1.0	1.0	1.0	-1.0	1.0	1.0	0.59	1.0	0.59	1.0	1.0	-1.0	1.0	1.0	0.59	0.59	0.59	0.71	0.47
Accounts Payable	1.0	0.62	0.72	1.0	-1.0	1.0	1.0		1.0	1.0	-1.0	1.0	1.0	0.62	1.0	0.62	1.0	1.0	-1.0	1.0	1.0	0.62	0.62	0.62	0.73	0.51
Cash	1.0	0.62	0.73	1.0	-1.0	1.0	1.0	1.0		1.0	-1.0	1.0	1.0	0.62	1.0	0.62	1.0	1.0	-1.0	1.0	1.0	0.62	0.62	0.62	0.72	0.51
Non Current Assets Total	1.0	0.61	0.73	1.0	-1.0	1.0	1.0	1.0	1.0		-1.0	1.0	1.0	0.61	1.0	0.61	1.0	1.0	-1.0	1.0	1.0	0.61	0.61	0.61	0.72	0.5
Non Currrent Assets Other	-1.0	-0.61	-0.73	-1.0	1.0	-1.0	-1.0	-1.0	-1.0	-1.0		-1.0	-1.0	-0.61	-1.0	-0.61	-1.0	-1.0	1.0	-1.0	-1.0	-0.61	-0.61	-0.61	-0.71	-0.5
Cash And Short Term Investments	1.0	0.62	0.73	1.0	-1.0	1.0	1.0	1.0	1.0	1.0	-1.0		1.0	0.62	1.0	0.62	1.0	1.0	-1.0	1.0	1.0	0.62	0.62	0.62	0.72	0.51
Net Receivables	1.0	0.61	0.73	1.0	-1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0		0.61	1.0	0.61	1.0	1.0	-1.0	1.0	1.0	0.61	0.61	0.61	0.72	0.5
Good Will	0.61	1.0	-0.05	0.6	-0.61	0.61	0.59	0.62	0.62	0.61	-0.61	0.62	0.61		0.62	1.0	0.61	0.61	-0.61	0.61	0.61	1.0	1.0	1.0	0.97	0.91
Common Stock Shares Outstanding	1.0	0.62	0.72	1.0	-1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	1.0	0.62		0.62	1.0	1.0	-1.0	1.0	1.0	0.62	0.62	0.62	0.72	0.51
Short Term Investments	0.61	1.0	-0.05	0.6	-0.61	0.61	0.59	0.62	0.62	0.61	-0.61	0.62	0.61	1.0	0.62		0.61	0.61	-0.61	0.61	0.61	1.0	1.0	1.0	0.97	0.91
Non Current Liabilities Total	1.0	0.61	0.73	1.0	-1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	1.0	0.61	1.0	0.61		1.0	-1.0	1.0	1.0	0.61	0.61	0.61	0.71	0.5
Other Current Assets	1.0	0.61	0.73	1.0	-1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	1.0	0.61	1.0	0.61	1.0		-1.0	1.0	1.0	0.61	0.61	0.61	0.72	0.5
Other Stockholder Equity	-1.0	-0.61	-0.73	-1.0	1.0	-1.0	-1.0	-1.0	-1.0	-1.0	1.0	-1.0	-1.0	-0.61	-1.0	-0.61	-1.0	-1.0		-1.0	-1.0	-0.61	-0.61	-0.61	-0.71	-0.5
Total Liab	1.0	0.61	0.73	1.0	-1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	1.0	0.61	1.0	0.61	1.0	1.0	-1.0		1.0	0.61	0.61	0.61	0.71	0.5
Total Current Assets	1.0	0.61	0.73	1.0	-1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	1.0	0.61	1.0	0.61	1.0	1.0	-1.0	1.0		0.61	0.61	0.61	0.72	0.51
Short Term Debt	0.61	1.0	-0.05	0.6	-0.61	0.61	0.59	0.62	0.62	0.61	-0.61	0.62	0.61	1.0	0.62	1.0	0.61	0.61	-0.61	0.61	0.61		1.0	1.0	0.97	0.91
Intangible Assets	0.61	1.0	-0.05	0.6	-0.61	0.61	0.59	0.62	0.62	0.61	-0.61	0.62	0.61	1.0	0.62	1.0	0.61	0.61	-0.61	0.61	0.61	1.0		1.0	0.97	0.91
Common Stock	0.61	1.0	-0.05	0.6	-0.61	0.61	0.59	0.62	0.62	0.61	-0.61	0.62	0.61	1.0	0.62	1.0	0.61	0.61	-0.61	0.61	0.61	1.0	1.0		0.97	0.91
Property Plant And Equipment Net	0.72	0.97	0.11	0.7	-0.71	0.72	0.71	0.73	0.72	0.72	-0.71	0.72	0.72	0.97	0.72	0.97	0.71	0.72	-0.71	0.71	0.72	0.97	0.97	0.97		0.83
Retained Earnings	0.5	0.91	-0.22	0.48	-0.49	0.5	0.47	0.51	0.51	0.5	-0.5	0.51	0.5	0.91	0.51	0.91	0.5	0.5	-0.5	0.5	0.51	0.91	0.91	0.91	0.83

Click cells to compare fundamentals

Icon Energy Account Relationship Matchups

Pair Trading with Icon Energy

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 Icon Energy 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 Icon Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Icon Stock

0.58	DAC	Danaos	Pair Corr
0.5	PXSAP	Pyxis Tankers	Pair Corr
0.44	NMM	Navios Maritime Partners	Pair Corr
0.35	SB-PD	Safe Bulkers	Pair Corr

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

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

When determining whether Icon Energy Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Icon Energy's 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 Icon Energy Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Icon Energy Corp Stock:

How To Invest In Icon

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Is Icon Stock a good investment?

Details

What is Icon Energy's Net Worth?

Details

Largest Ground Transportation Companies

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Largest Marine Shipping Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icon Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Is Ground Transportation 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 Icon Energy. If investors know Icon 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 Icon Energy 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

0.326

Earnings Share

0.95

Revenue Per Share

24.43

Quarterly Revenue Growth

0.178

The market value of Icon Energy Corp is measured differently than its book value, which is the value of Icon that is recorded on the company's balance sheet. Investors also form their own opinion of Icon Energy's value that differs from its market value or its book value, called intrinsic value, which is Icon Energy'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 Icon Energy's market value can be influenced by many factors that don't directly affect Icon Energy'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 Icon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icon Energy'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.

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Icon Free Cash Flow Yield vs Book Value Per Share Analysis

Free Cash Flow Yield vs Book Value Per Share

Free Cash Flow Yield vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Book Value Per Share

Icon Energy fundamental ratios Correlations

Icon Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Icon Energy

Moving against Icon Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Current Deferred Revenue	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets

Total Current Assets	- 1.0	Other Stockholder Equity
Total Liab	- 1.0	Other Stockholder Equity
Other Stockholder Equity	- 1.0	Other Current Assets
Other Stockholder Equity	- 1.0	Non Current Liabilities Total
Other Stockholder Equity	- 1.0	Common Stock Shares Outstanding
Other Stockholder Equity	- 1.0	Net Receivables