MYR Change Receivables vs Stock Based Compensation Analysis
| MYRG Stock | USD 151.05 3.19 2.16% |
MYR financial indicator trend analysis is infinitely more than just investigating MYR Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MYR Group is a good investment. Please check the relationship between MYR Change Receivables and its Stock Based Compensation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYR Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Change Receivables vs Stock Based Compensation
Change Receivables vs Stock Based Compensation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MYR Group Change Receivables account and Stock Based Compensation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MYR's Change Receivables and Stock Based Compensation is -0.09. Overlapping area represents the amount of variation of Change Receivables that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of MYR Group, assuming nothing else is changed. The correlation between historical values of MYR's Change Receivables and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change Receivables of MYR Group are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Change Receivables i.e., MYR's Change Receivables and Stock Based Compensation go up and down completely randomly.
Correlation Coefficient | -0.09 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most indicators from MYR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MYR Group 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 MYR Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, MYR's Enterprise Value Multiple is most likely to increase significantly in the upcoming years.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.8M | 3.6M | 4.9M | 5.2M | Depreciation And Amortization | 46.2M | 58.2M | 59.1M | 62.1M |
MYR fundamental ratios Correlations
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MYR Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MYR fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.0B | 995.9M | 1.1B | 1.4B | 1.6B | 1.7B | |
| Short Long Term Debt Total | 190.4M | 52.1M | 25.5M | 74.5M | 73.6M | 77.3M | |
| Other Current Liab | 83.1M | 86.1M | 106.7M | 91.3M | 115.0M | 120.7M | |
| Total Current Liabilities | 396.8M | 443.4M | 498.6M | 667.0M | 747.2M | 784.6M | |
| Total Stockholder Equity | 364.5M | 429.3M | 519.1M | 560.2M | 651.2M | 683.8M | |
| Property Plant And Equipment Net | 208.3M | 207.4M | 217.1M | 263.7M | 304.0M | 319.2M | |
| Net Debt | 178.0M | 29.4M | (56.6M) | 23.5M | 48.7M | 51.1M | |
| Retained Earnings | 212.2M | 270.5M | 355.0M | 404.9M | 492.5M | 517.2M | |
| Cash | 12.4M | 22.7M | 82.1M | 51.0M | 24.9M | 25.0M | |
| Non Current Assets Total | 368.7M | 359.2M | 372.7M | 508.6M | 552.5M | 580.1M | |
| Non Currrent Assets Other | 3.7M | 4.3M | 4.1M | (8.0M) | 5.6M | 5.9M | |
| Cash And Short Term Investments | 12.4M | 22.7M | 82.1M | 51.0M | 24.9M | 25.0M | |
| Net Receivables | 614.0M | 585.1M | 620.7M | 791.4M | 954.8M | 1.0B | |
| Common Stock Shares Outstanding | 16.7M | 16.9M | 17.2M | 17.0M | 16.8M | 15.7M | |
| Liabilities And Stockholders Equity | 1.0B | 995.9M | 1.1B | 1.4B | 1.6B | 1.7B | |
| Non Current Liabilities Total | 246.6M | 123.2M | 103.4M | 171.7M | 214.1M | 224.9M | |
| Other Current Assets | 12.8M | 28.9M | 45.6M | 47.8M | 46.5M | 48.9M | |
| Other Stockholder Equity | 152.5M | 158.6M | 163.8M | 161.4M | 162.4M | 129.8M | |
| Total Liab | 643.4M | 566.6M | 602.0M | 838.7M | 961.3M | 1.0B | |
| Property Plant And Equipment Gross | 208.3M | 207.4M | 539.2M | 615.5M | 684.5M | 718.7M | |
| Total Current Assets | 639.2M | 636.7M | 748.4M | 890.3M | 1.0B | 1.1B | |
| Accumulated Other Comprehensive Income | (446K) | 23K | 173K | (6.3M) | (3.9M) | (4.1M) | |
| Short Term Debt | 16.1M | 18.2M | 16.6M | 26.8M | 18.3M | 15.0M | |
| Accounts Payable | 192.1M | 162.6M | 200.7M | 315.3M | 359.4M | 377.3M | |
| Intangible Assets | 54.9M | 51.4M | 49.1M | 87.6M | 83.5M | 87.7M | |
| Common Stock Total Equity | 163K | 165K | 166K | 167K | 150.3K | 152.8K | |
| Common Stock | 163K | 165K | 166K | 167K | 168K | 149.9K | |
| Good Will | 56.6M | 66.1M | 66.1M | 115.8M | 117.0M | 62.5M | |
| Other Liab | 72.3M | 82.4M | 86.7M | 113.1M | 130.0M | 136.5M | |
| Other Assets | 34.7M | 56.6M | 36.5M | 37.7M | 33.8M | 35.5M | |
| Property Plant Equipment | 185.3M | 207.4M | 217.1M | 263.7M | 303.3M | 154.9M | |
| Long Term Debt | 157.1M | 25.0M | 3.5M | 35.5M | 29.2M | 38.5M | |
| Net Tangible Assets | 243.5M | 311.9M | 404.0M | 356.8M | 410.3M | 285.6M | |
| Current Deferred Revenue | 105.5M | 158.4M | 167.9M | 227.1M | 240.4M | 252.4M | |
| Deferred Long Term Liab | 600K | 1.4M | 1.1M | 500K | 450K | 427.5K | |
| Non Current Liabilities Other | 3.3M | 18.6M | 11.3M | 16.0M | 25.0M | 26.3M | |
| Short Long Term Debt | 8.7M | 4.4M | 1.0M | 5.1M | 7.1M | 6.7M |
Currently Active Assets on Macroaxis
When determining whether MYR Group is a strong investment it is important to analyze MYR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MYR's future performance. For an informed investment choice regarding MYR Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYR Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Construction & Engineering 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 MYR. If investors know MYR 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 MYR 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 (0.49) | Earnings Share 2.33 | Revenue Per Share 212.925 | Quarterly Revenue Growth (0.06) | Return On Assets 0.022 |
The market value of MYR Group is measured differently than its book value, which is the value of MYR that is recorded on the company's balance sheet. Investors also form their own opinion of MYR's value that differs from its market value or its book value, called intrinsic value, which is MYR'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 MYR's market value can be influenced by many factors that don't directly affect MYR'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 MYR's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYR'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.