NLIGHT Free Cash Flow Yield vs Free Cash Flow Analysis

LASR Stock

USD 11.42 0.31 2.79%

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

Free Cash Flow Yield vs Free Cash Flow

Free Cash Flow Yield vs Free Cash Flow Correlation Analysis

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

The correlation between NLIGHT's Free Cash Flow Yield and Free Cash Flow is 0.94. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of nLIGHT Inc, assuming nothing else is changed. The correlation between historical values of NLIGHT's Free Cash Flow Yield and Free Cash Flow 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 nLIGHT Inc are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Free Cash Flow Yield i.e., NLIGHT's Free Cash Flow Yield and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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.

Free Cash Flow

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

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

As of 11/22/2024, Tax Provision is likely to grow to about (1 M). In addition to that, Selling General Administrative is likely to drop to about 39.4 M

	2023	2024 (projected)
Depreciation And Amortization	16.0M	14.2M
Interest Income	89.7K	85.2K

Depreciation And Amortization Interest Income

NLIGHT fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse
Total Assets		-0.52	-0.16	0.88	1.0	0.97	0.99	0.88	0.66	-0.79	-0.65	0.83	0.83	0.93	0.67	0.37	-0.97	0.95	0.98	0.91	0.9	0.9	0.53	-0.97	-0.16	0.96
Short Long Term Debt Total	-0.52		-0.37	-0.19	-0.58	-0.49	-0.56	-0.09	-0.19	0.81	0.0	-0.17	-0.76	-0.21	-0.68	-0.12	0.69	-0.72	-0.38	-0.31	-0.64	-0.26	-0.05	0.69	0.91	-0.44
Other Current Liab	-0.16	-0.37		-0.04	-0.15	-0.1	-0.19	-0.39	-0.19	-0.22	0.56	-0.04	0.17	-0.29	0.13	0.5	0.01	-0.03	-0.24	-0.16	0.12	-0.37	-0.55	0.01	-0.42	-0.29
Total Current Liabilities	0.88	-0.19	-0.04		0.84	0.87	0.82	0.89	0.65	-0.61	-0.58	0.96	0.69	0.9	0.41	0.53	-0.79	0.76	0.91	0.87	0.8	0.82	0.37	-0.79	0.19	0.81
Total Stockholder Equity	1.0	-0.58	-0.15	0.84		0.97	0.99	0.85	0.64	-0.81	-0.63	0.79	0.85	0.9	0.7	0.34	-0.98	0.97	0.96	0.89	0.91	0.89	0.53	-0.98	-0.23	0.96
Other Liab	0.97	-0.49	-0.1	0.87	0.97		0.97	0.89	0.74	-0.72	-0.69	0.77	0.75	0.93	0.78	0.51	-0.95	0.91	0.97	0.92	0.9	0.92	0.61	-0.95	-0.13	0.97
Net Tangible Assets	0.99	-0.56	-0.19	0.82	0.99	0.97		0.85	0.68	-0.78	-0.67	0.74	0.81	0.9	0.74	0.32	-0.97	0.96	0.97	0.88	0.91	0.9	0.59	-0.97	-0.23	0.98
Property Plant And Equipment Net	0.88	-0.09	-0.39	0.89	0.85	0.89	0.85		0.67	-0.45	-0.78	0.82	0.51	0.99	0.49	0.41	-0.76	0.7	0.93	0.93	0.7	0.95	0.67	-0.76	0.29	0.91
Current Deferred Revenue	0.66	-0.19	-0.19	0.65	0.64	0.74	0.68	0.67		-0.26	-0.88	0.47	0.38	0.68	0.65	0.42	-0.67	0.57	0.73	0.68	0.65	0.78	0.71	-0.67	0.04	0.7
Net Debt	-0.79	0.81	-0.22	-0.61	-0.81	-0.72	-0.78	-0.45	-0.26		0.09	-0.66	-0.98	-0.54	-0.54	-0.25	0.84	-0.91	-0.7	-0.56	-0.78	-0.48	0.0	0.84	0.56	-0.67
Retained Earnings	-0.65	0.0	0.56	-0.58	-0.63	-0.69	-0.67	-0.78	-0.88	0.09		-0.42	-0.2	-0.75	-0.53	-0.18	0.59	-0.49	-0.71	-0.7	-0.54	-0.86	-0.92	0.59	-0.23	-0.74
Accounts Payable	0.83	-0.17	-0.04	0.96	0.79	0.77	0.74	0.82	0.47	-0.66	-0.42		0.73	0.84	0.24	0.46	-0.73	0.73	0.83	0.79	0.69	0.71	0.18	-0.73	0.21	0.71
Cash	0.83	-0.76	0.17	0.69	0.85	0.75	0.81	0.51	0.38	-0.98	-0.2	0.73		0.59	0.53	0.28	-0.87	0.94	0.75	0.6	0.8	0.53	0.05	-0.87	-0.48	0.69
Non Current Assets Total	0.93	-0.21	-0.29	0.9	0.9	0.93	0.9	0.99	0.68	-0.54	-0.75	0.84	0.59		0.56	0.45	-0.84	0.77	0.95	0.97	0.76	0.97	0.64	-0.84	0.17	0.93
Non Currrent Assets Other	0.67	-0.68	0.13	0.41	0.7	0.78	0.74	0.49	0.65	-0.54	-0.53	0.24	0.53	0.56		0.51	-0.78	0.71	0.63	0.59	0.73	0.62	0.62	-0.78	-0.49	0.72
Other Assets	0.37	-0.12	0.5	0.53	0.34	0.51	0.32	0.41	0.42	-0.25	-0.18	0.46	0.28	0.45	0.51		-0.41	0.29	0.39	0.49	0.36	0.34	0.09	-0.41	0.12	0.31
Long Term Debt	-0.97	0.69	0.01	-0.79	-0.98	-0.95	-0.97	-0.76	-0.67	0.84	0.59	-0.73	-0.87	-0.84	-0.78	-0.41		-0.97	-0.91	-0.85	-0.93	-0.84	-0.5	1.0	0.36	-0.91
Cash And Short Term Investments	0.95	-0.72	-0.03	0.76	0.97	0.91	0.96	0.7	0.57	-0.91	-0.49	0.73	0.94	0.77	0.71	0.29	-0.97		0.89	0.76	0.91	0.76	0.39	-0.97	-0.41	0.88
Net Receivables	0.98	-0.38	-0.24	0.91	0.96	0.97	0.97	0.93	0.73	-0.7	-0.71	0.83	0.75	0.95	0.63	0.39	-0.91	0.89		0.93	0.86	0.93	0.58	-0.91	-0.02	0.97
Good Will	0.91	-0.31	-0.16	0.87	0.89	0.92	0.88	0.93	0.68	-0.56	-0.7	0.79	0.6	0.97	0.59	0.49	-0.85	0.76	0.93		0.78	0.96	0.59	-0.85	0.05	0.91
Common Stock Total Equity	0.9	-0.64	0.12	0.8	0.91	0.9	0.91	0.7	0.65	-0.78	-0.54	0.69	0.8	0.76	0.73	0.36	-0.93	0.91	0.86	0.78		0.77	0.48	-0.93	-0.36	0.86
Common Stock Shares Outstanding	0.9	-0.26	-0.37	0.82	0.89	0.92	0.9	0.95	0.78	-0.48	-0.86	0.71	0.53	0.97	0.62	0.34	-0.84	0.76	0.93	0.96	0.77		0.77	-0.84	0.07	0.95
Short Term Investments	0.53	-0.05	-0.55	0.37	0.53	0.61	0.59	0.67	0.71	0.0	-0.92	0.18	0.05	0.64	0.62	0.09	-0.5	0.39	0.58	0.59	0.48	0.77		-0.5	0.12	0.69
Long Term Debt Total	-0.97	0.69	0.01	-0.79	-0.98	-0.95	-0.97	-0.76	-0.67	0.84	0.59	-0.73	-0.87	-0.84	-0.78	-0.41	1.0	-0.97	-0.91	-0.85	-0.93	-0.84	-0.5		0.36	-0.91
Non Current Liabilities Total	-0.16	0.91	-0.42	0.19	-0.23	-0.13	-0.23	0.29	0.04	0.56	-0.23	0.21	-0.48	0.17	-0.49	0.12	0.36	-0.41	-0.02	0.05	-0.36	0.07	0.12	0.36		-0.11
Capital Surpluse	0.96	-0.44	-0.29	0.81	0.96	0.97	0.98	0.91	0.7	-0.67	-0.74	0.71	0.69	0.93	0.72	0.31	-0.91	0.88	0.97	0.91	0.86	0.95	0.69	-0.91	-0.11

Click cells to compare fundamentals

NLIGHT Account Relationship Matchups

NLIGHT fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	250.0M	283.6M	373.6M	329.2M	306.8M	271.5M
Short Long Term Debt Total	51K	13.0M	17.7M	15.6M	14.2M	13.4M
Other Current Liab	11.6M	14.9M	5.3M	5.2M	5.5M	7.4M
Total Current Liabilities	25.0M	41.4M	45.8M	34.5M	32.8M	34.5M
Total Stockholder Equity	216.6M	219.9M	302.1M	270.8M	254.4M	216.2M
Other Liab	8.3M	11.8M	11.1M	11.0M	12.7M	9.4M
Net Tangible Assets	196.7M	199.1M	283.0M	254.4M	292.6M	193.6M
Property Plant And Equipment Net	27.7M	56.8M	73.1M	74.6M	64.9M	49.4M
Current Deferred Revenue	679K	2.5M	1.6M	1.4M	4.8M	5.1M
Net Debt	(117.2M)	(89.2M)	(128.9M)	(42.2M)	(39.1M)	(41.0M)
Retained Earnings	(117.5M)	(138.4M)	(168.1M)	(222.6M)	(264.3M)	(251.1M)
Accounts Payable	12.7M	21.1M	26.3M	17.5M	12.2M	17.1M
Cash	117.3M	102.3M	146.5M	57.8M	53.2M	93.1M
Non Current Assets Total	51.4M	83.1M	96.4M	98.5M	86.2M	68.4M
Non Currrent Assets Other	3.7M	5.5M	(381K)	4.3M	7.3M	3.7M
Other Assets	3.7M	29.5M	4.1M	7.5M	8.6M	9.4M
Cash And Short Term Investments	117.3M	102.3M	146.5M	108.2M	112.9M	108.2M
Net Receivables	27.1M	37.8M	51.2M	37.9M	46.9M	34.8M
Good Will	9.9M	12.5M	12.4M	12.4M	12.4M	8.8M
Common Stock Shares Outstanding	37.1M	38.4M	42.1M	44.4M	46.1M	40.7M
Liabilities And Stockholders Equity	250.0M	283.6M	373.6M	329.2M	306.8M	271.5M
Non Current Liabilities Total	8.3M	22.4M	25.7M	23.9M	19.6M	20.7M
Capital Surpluse	324.7M	336.7M	358.5M	470.8M	541.4M	334.5M
Inventory	46.1M	54.7M	73.7M	67.6M	52.2M	52.0M
Other Current Assets	8.1M	5.8M	5.7M	17.0M	8.6M	7.2M
Other Stockholder Equity	336.7M	358.5M	470.8M	496.2M	521.2M	390.8M
Total Liab	33.4M	63.7M	71.5M	58.4M	52.4M	55.3M
Property Plant And Equipment Gross	27.7M	56.8M	73.1M	74.6M	160.3M	168.3M
Short Long Term Debt	2.4M	91K	51K	184K	165.6K	157.3K
Total Current Assets	198.6M	200.6M	277.2M	230.8M	220.6M	203.1M
Accumulated Other Comprehensive Income	(2.7M)	(259K)	(587K)	(2.7M)	(2.5M)	(2.6M)
Non Current Liabilities Other	1.9M	22.2M	4.0M	4.3M	3.3M	5.5M
Short Term Debt	51K	4.7M	6.1M	5.5M	6.4M	3.6M
Intangible Assets	10.0M	8.3M	6.7M	4.0M	1.7M	1.6M
Property Plant Equipment	27.7M	44.5M	73.1M	74.6M	85.8M	43.5M

Pair Trading with NLIGHT

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

Moving against NLIGHT Stock

0.63	PG	Procter Gamble	Pair Corr
0.45	VZ	Verizon Communications Aggressive Push	Pair Corr
0.31	KO	Coca Cola Aggressive Push	Pair Corr

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

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

Additional Tools for NLIGHT Stock Analysis

When running NLIGHT's price analysis, check to measure NLIGHT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NLIGHT is operating at the current time. Most of NLIGHT's value examination focuses on studying past and present price action to predict the probability of NLIGHT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NLIGHT's price. Additionally, you may evaluate how the addition of NLIGHT to your portfolios can decrease your overall portfolio volatility.

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