Iris Free Cash Flow vs Free Cash Flow Yield Analysis

IREN Stock

USD 10.78 1.06 10.91%

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

To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.

Free Cash Flow vs Free Cash Flow Yield

Free Cash Flow vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Iris Energy Free Cash Flow account and Free Cash Flow Yield. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Iris Energy's Free Cash Flow and Free Cash Flow Yield is 0.55. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Iris Energy, assuming nothing else is changed. The correlation between historical values of Iris Energy's Free Cash Flow 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 Free Cash Flow of Iris Energy 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 Free Cash Flow i.e., Iris Energy's Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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

To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.At this time, Iris Energy's Selling General Administrative is very stable compared to the past year. As of the 24th of November 2024, Issuance Of Capital Stock is likely to grow to about 822.8 M, while Tax Provision is likely to drop about 2.2 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	441.5M	124.0M	215.1M	145.3M
Total Revenue	59.0M	75.5M	188.8M	198.2M

Other Operating Expenses Total Revenue

Iris Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Good Will
Total Assets		0.16	0.26	0.43	0.99	0.86	0.98	0.91	-0.93	-0.9	0.99	0.99	1.0	0.95	0.16	0.98	0.98	0.79	0.91	0.92	0.46	0.99	0.1	0.98	0.92	-0.79
Short Long Term Debt Total	0.16		0.61	0.8	0.04	0.3	0.14	0.38	0.2	-0.2	0.1	0.04	0.21	0.3	0.99	0.04	0.28	0.26	0.14	-0.15	0.88	0.08	0.97	0.11	0.27	0.29
Other Current Liab	0.26	0.61		0.94	0.15	0.04	0.2	0.39	-0.1	-0.21	0.2	0.26	0.27	0.35	0.52	0.25	0.19	0.5	0.18	0.18	0.86	0.25	0.75	0.18	0.2	-0.07
Total Current Liabilities	0.43	0.8	0.94		0.31	0.31	0.38	0.58	-0.18	-0.39	0.36	0.38	0.45	0.52	0.75	0.37	0.42	0.58	0.35	0.25	0.98	0.39	0.88	0.35	0.41	-0.09
Total Stockholder Equity	0.99	0.04	0.15	0.31		0.85	0.98	0.87	-0.96	-0.89	0.99	0.99	0.98	0.92	0.05	0.99	0.96	0.75	0.91	0.94	0.34	0.99	-0.03	0.98	0.9	-0.83
Net Tangible Assets	0.86	0.3	0.04	0.31	0.85		0.92	0.92	-0.69	-0.95	0.89	0.77	0.89	0.76	0.34	0.77	0.91	0.65	0.94	0.62	0.4	0.8	0.16	0.92	0.97	-0.71
Property Plant And Equipment Net	0.98	0.14	0.2	0.38	0.98	0.92		0.95	-0.9	-0.96	1.0	0.95	0.99	0.89	0.15	0.95	0.96	0.79	0.97	0.86	0.42	0.96	0.07	1.0	0.97	-0.85
Current Deferred Revenue	0.91	0.38	0.39	0.58	0.87	0.92	0.95		-0.74	-0.97	0.92	0.84	0.93	0.83	0.38	0.84	0.9	0.83	0.96	0.69	0.62	0.86	0.32	0.94	0.98	-0.77
Net Debt	-0.93	0.2	-0.1	-0.18	-0.96	-0.69	-0.9	-0.74		0.78	-0.93	-0.97	-0.9	-0.85	0.2	-0.97	-0.85	-0.71	-0.81	-0.99	-0.17	-0.96	0.23	-0.91	-0.77	0.86
Retained Earnings	-0.9	-0.2	-0.21	-0.39	-0.89	-0.95	-0.96	-0.97	0.78		-0.93	-0.83	-0.92	-0.77	-0.21	-0.83	-0.88	-0.78	-1.0	-0.71	-0.43	-0.86	-0.12	-0.96	-0.99	0.86
Accounts Payable	0.99	0.1	0.2	0.36	0.99	0.89	1.0	0.92	-0.93	-0.93		0.97	0.99	0.91	0.11	0.97	0.97	0.78	0.95	0.9	0.39	0.98	0.03	1.0	0.94	-0.85
Cash	0.99	0.04	0.26	0.38	0.99	0.77	0.95	0.84	-0.97	-0.83	0.97		0.97	0.94	0.03	1.0	0.93	0.77	0.86	0.97	0.38	1.0	0.0	0.95	0.84	-0.8
Non Current Assets Total	1.0	0.21	0.27	0.45	0.98	0.89	0.99	0.93	-0.9	-0.92	0.99	0.97		0.94	0.21	0.97	0.98	0.79	0.93	0.89	0.49	0.98	0.14	0.98	0.94	-0.78
Non Currrent Assets Other	0.95	0.3	0.35	0.52	0.92	0.76	0.89	0.83	-0.85	-0.77	0.91	0.94	0.94		0.29	0.94	0.95	0.81	0.77	0.88	0.56	0.94	0.25	0.88	0.81	-0.6
Other Assets	0.16	0.99	0.52	0.75	0.05	0.34	0.15	0.38	0.2	-0.21	0.11	0.03	0.21	0.29		0.03	0.3	0.23	0.15	-0.16	0.84	0.08	0.95	0.12	0.29	0.29
Cash And Short Term Investments	0.98	0.04	0.25	0.37	0.99	0.77	0.95	0.84	-0.97	-0.83	0.97	1.0	0.97	0.94	0.03		0.93	0.77	0.85	0.97	0.38	1.0	0.0	0.95	0.84	-0.8
Net Receivables	0.98	0.28	0.19	0.42	0.96	0.91	0.96	0.9	-0.85	-0.88	0.97	0.93	0.98	0.95	0.3	0.93		0.73	0.89	0.84	0.48	0.95	0.18	0.96	0.92	-0.69
Common Stock Shares Outstanding	0.79	0.26	0.5	0.58	0.75	0.65	0.79	0.83	-0.71	-0.78	0.78	0.77	0.79	0.81	0.23	0.77	0.73		0.77	0.69	0.56	0.77	0.28	0.78	0.76	-0.69
Other Current Assets	0.91	0.14	0.18	0.35	0.91	0.94	0.97	0.96	-0.81	-1.0	0.95	0.86	0.93	0.77	0.15	0.85	0.89	0.77		0.74	0.39	0.87	0.06	0.97	0.99	-0.89
Other Stockholder Equity	0.92	-0.15	0.18	0.25	0.94	0.62	0.86	0.69	-0.99	-0.71	0.9	0.97	0.89	0.88	-0.16	0.97	0.84	0.69	0.74		0.23	0.96	-0.16	0.87	0.71	-0.78
Total Liab	0.46	0.88	0.86	0.98	0.34	0.4	0.42	0.62	-0.17	-0.43	0.39	0.38	0.49	0.56	0.84	0.38	0.48	0.56	0.39	0.23		0.41	0.91	0.39	0.47	-0.07
Total Current Assets	0.99	0.08	0.25	0.39	0.99	0.8	0.96	0.86	-0.96	-0.86	0.98	1.0	0.98	0.94	0.08	1.0	0.95	0.77	0.87	0.96	0.41		0.03	0.96	0.87	-0.8
Short Term Debt	0.1	0.97	0.75	0.88	-0.03	0.16	0.07	0.32	0.23	-0.12	0.03	0.0	0.14	0.25	0.95	0.0	0.18	0.28	0.06	-0.16	0.91	0.03		0.04	0.17	0.31
Common Stock	0.98	0.11	0.18	0.35	0.98	0.92	1.0	0.94	-0.91	-0.96	1.0	0.95	0.98	0.88	0.12	0.95	0.96	0.78	0.97	0.87	0.39	0.96	0.04		0.96	-0.87
Property Plant Equipment	0.92	0.27	0.2	0.41	0.9	0.97	0.97	0.98	-0.77	-0.99	0.94	0.84	0.94	0.81	0.29	0.84	0.92	0.76	0.99	0.71	0.47	0.87	0.17	0.96		-0.81
Good Will	-0.79	0.29	-0.07	-0.09	-0.83	-0.71	-0.85	-0.77	0.86	0.86	-0.85	-0.8	-0.78	-0.6	0.29	-0.8	-0.69	-0.69	-0.89	-0.78	-0.07	-0.8	0.31	-0.87	-0.81

Click cells to compare fundamentals

Iris Energy Account Relationship Matchups

Iris Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.6M	134.9M	570.5M	332.1M	1.2B	1.2B
Short Long Term Debt Total	2.0M	84.0M	108.2M	1.4M	1.7M	1.6M
Other Current Liab	(125.7K)	97.8M	11.4M	12.2M	19.5M	25.8M
Total Current Liabilities	2.8M	170.9M	85.1M	24.0M	51.0M	61.2M
Total Stockholder Equity	8.8M	(49.5M)	437.4M	305.4M	1.1B	1.2B
Net Tangible Assets	11.9M	(66.7M)	436.7M	305.4M	351.2M	368.7M
Property Plant And Equipment Net	8.4M	17.4M	248.8M	242.5M	442.9M	465.1M
Net Debt	5K	45.0M	(1.8M)	(67.4M)	(402.9M)	(382.8M)
Retained Earnings	(2.2M)	(63.0M)	(482.4M)	(654.3M)	(683.2M)	(649.1M)
Accounts Payable	751K	545K	13.2M	11.5M	27.3M	28.7M
Cash	2.0M	39.1M	110.0M	68.9M	404.6M	424.8M
Non Current Assets Total	9.0M	94.4M	410.2M	242.8M	700.6M	735.7M
Other Assets	576K	102.0M	160.8M	368K	423.2K	402.0K
Cash And Short Term Investments	2.0M	39.1M	110.0M	68.9M	411.1M	431.7M
Net Receivables	331K	795.7K	23.7M	6.5M	29.4M	30.8M
Common Stock Shares Outstanding	55.0M	56.7M	40.9M	54.8M	99.6M	58.3M
Liabilities And Stockholders Equity	11.6M	134.9M	570.5M	332.1M	1.2B	1.2B
Other Current Assets	282.3K	492K	7.7M	11.4M	11.9M	12.5M
Other Stockholder Equity	19K	(1.7M)	(6.8M)	(6.2M)	683.2M	717.4M
Total Liab	2.8M	184.4M	133.1M	26.7M	55.7M	73.8M
Total Current Assets	2.6M	40.5M	160.3M	89.2M	452.4M	475.0M
Accumulated Other Comprehensive Income	725K	1.5M	(6.8M)	(6.2M)	16.3M	17.1M
Short Term Debt	2.0M	72.0M	60.5M	192K	214K	203.3K
Common Stock	10.3M	12.1M	926.6M	965.9M	1.8B	1.9B
Property Plant Equipment	11.6M	22.7M	248.8M	242.5M	278.8M	292.8M

Pair Trading with Iris 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 Iris 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 Iris Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Iris Stock

0.71	V	Visa Class A	Pair Corr
0.69	DHIL	Diamond Hill Investment	Pair Corr
0.73	DIST	Distoken Acquisition	Pair Corr
0.78	AB	AllianceBernstein	Pair Corr
0.71	AC	Associated Capital	Pair Corr

Moving against Iris Stock

0.52

Pintec Technology

Pair Corr

The ability to find closely correlated positions to Iris 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 Iris 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 Iris 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 Iris Energy to buy it.

The correlation of Iris 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 Iris Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iris Energy 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 Iris 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 Iris Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Iris 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 Iris Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Iris Energy Stock:

How To Invest In Iris

Details

Is Iris Stock a good investment?

Details

What is Iris Energy's Net Worth?

Details

Largest Asset Management & Custody Banks Companies

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Largest Financial Services Companies

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

To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Is Asset Management & Custody 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 Iris Energy. If investors know Iris 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 Iris Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.29)

Revenue Per Share

1.894

Quarterly Revenue Growth

0.679

Return On Assets

(0.02)

Return On Equity

(0.04)

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

Free Cash Flow vs Free Cash Flow Yield

Free Cash Flow vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Free Cash Flow

Free Cash Flow Yield

Iris Energy fundamental ratios Correlations

Iris Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Iris Energy fundamental ratios Accounts

Pair Trading with Iris Energy

Moving together with Iris Stock

Moving against Iris Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Accounts Payable
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Other Current Assets	- 1.0	Retained Earnings
Property Plant Equipment	- 0.99	Retained Earnings
Other Stockholder Equity	- 0.99	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Retained Earnings	- 0.97	Current Deferred Revenue