Selective Depreciation vs Net Income Analysis
SIGI Stock | USD 98.65 0.83 0.85% |
Selective Insurance financial indicator trend analysis is much more than just breaking down Selective Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Selective Insurance is a good investment. Please check the relationship between Selective Insurance Depreciation and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selective Insurance 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 price.
Depreciation vs Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Selective Insurance Depreciation account and Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Selective Insurance's Depreciation and Net Income is 0.3. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Selective Insurance Group, assuming nothing else is changed. The correlation between historical values of Selective Insurance's Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Selective Insurance Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Selective Insurance's Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of Selective Insurance value has been used up. For tax purposes Selective Insurance can deduct the cost of the tangible assets it purchases as business expenses. However, Selective Insurance Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Selective Insurance financial statement analysis. It represents the amount of money remaining after all of Selective Insurance Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Selective Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Selective Insurance 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Selective Insurance 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 price. As of now, Selective Insurance's Enterprise Value is increasing as compared to previous years.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 3.4B | 3.6B | 101.2M | 96.1M | Interest Expense | 29.2M | 28.8M | 28.8M | 16.9M |
Selective Insurance fundamental ratios Correlations
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Selective Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Selective Insurance fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.8B | 9.7B | 10.5B | 10.8B | 11.8B | 12.4B | |
Short Long Term Debt Total | 609.3M | 609.4M | 515.6M | 514.5M | 501.3M | 293.8M | |
Total Stockholder Equity | 2.2B | 2.7B | 3.0B | 2.5B | 3.0B | 3.1B | |
Net Debt | 549.6M | 524.8M | 500.1M | 500.9M | 501.1M | 277.7M | |
Retained Earnings | 2.1B | 2.3B | 2.6B | 2.7B | 3.0B | 3.2B | |
Other Assets | (5.6B) | (5.9B) | 772.0K | 3.5M | (1.5B) | (1.4B) | |
Common Stock Shares Outstanding | 60.0M | 60.3M | 60.7M | 60.9M | 61.0M | 61.1M | |
Liabilities And Stockholders Equity | 8.8B | 9.7B | 10.5B | 10.8B | 11.8B | 12.4B | |
Non Current Liabilities Total | 6.5B | 6.8B | 7.4B | 8.2B | 8.8B | 9.3B | |
Other Stockholder Equity | (174.3M) | (160.9M) | (144.6M) | (133.8M) | (112.5M) | (118.1M) | |
Total Liab | 6.6B | 6.9B | 7.5B | 8.3B | 8.8B | 9.3B | |
Other Current Liab | 68.1M | 56.2M | 111.5M | 105.4M | (6.3M) | (5.9M) | |
Total Current Liabilities | 126.8M | 114.9M | 121.1M | 115.2M | 128.3M | 121.8M | |
Property Plant And Equipment Net | 103.9M | 117.9M | 117.7M | 126.7M | 124.5M | 67.1M | |
Non Current Assets Total | 8.8B | 9.7B | 10.5B | 10.8B | 12.2B | 12.9B | |
Non Currrent Assets Other | 8.1B | 8.9B | 9.5B | 9.6B | (1.0B) | (954.4M) | |
Net Receivables | 1.4B | 1.5B | 1.6B | 1.9B | 2.0B | 2.1B | |
Property Plant And Equipment Gross | 64.0M | 65.2M | 77.4M | 77.7M | 89.4M | 58.4M | |
Total Current Assets | 300K | 394K | 455K | 26K | 1.0B | 1.1B | |
Short Term Debt | 58.7M | 58.7M | 9.6M | 9.8M | 10.6M | 10.1M | |
Intangible Assets | 271.2M | 288.6M | 326.9M | 368.6M | 424.9M | 446.1M | |
Cash | 300K | 394K | 455K | 26K | 180K | 171K | |
Cash And Short Term Investments | 300K | 394K | 455K | 26K | 820.6M | 861.7M | |
Common Stock Total Equity | 207.0M | 208.1M | 208.9M | 209.7M | 241.1M | 168.6M | |
Short Term Investments | 677.7M | 844.2M | 949.8M | 770.9M | 820.4M | 1.5B | |
Other Current Assets | 1.6B | 1.7B | 2.0B | 1.9B | 203.3M | 193.2M | |
Accumulated Other Comprehensive Income | 81.8M | 220.2M | 115.1M | (498.0M) | (373.0M) | (354.4M) | |
Common Stock | 207.0M | 208.1M | 208.9M | 209.7M | 210.4M | 170.8M | |
Other Liab | 304.0M | 390.7M | 467.2M | 472.7M | 543.6M | 290.5M | |
Long Term Debt | 550.6M | 550.7M | 500.6M | 501M | 501.3M | 389.5M | |
Treasury Stock | (592.8M) | (599.9M) | (608.9M) | (627.3M) | (564.6M) | (592.8M) | |
Property Plant Equipment | 77.4M | 77.7M | 82.1M | 84.3M | 97.0M | 65.6M | |
Accounts Payable | 129.7M | 128.9M | 4.6B | 115.2M | 132.5M | 125.8M | |
Net Tangible Assets | 2.2B | 2.5B | 2.8B | 2.3B | 2.7B | 1.9B | |
Retained Earnings Total Equity | 2.1B | 2.3B | 2.6B | 2.7B | 3.2B | 1.8B | |
Long Term Debt Total | 550.6M | 550.7M | 506.1M | 504.7M | 580.4M | 472.9M | |
Capital Surpluse | 418.5M | 439.0M | 464.3M | 493.5M | 567.5M | 399.3M |
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When determining whether Selective Insurance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Selective Insurance'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 Selective Insurance Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Selective Insurance Group Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selective Insurance 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 price. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Property & Casualty Insurance 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 Selective Insurance. If investors know Selective 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 Selective Insurance 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 0.035 | Dividend Share 1.4 | Earnings Share 3.72 | Revenue Per Share 77.534 | Quarterly Revenue Growth 0.151 |
The market value of Selective Insurance is measured differently than its book value, which is the value of Selective that is recorded on the company's balance sheet. Investors also form their own opinion of Selective Insurance's value that differs from its market value or its book value, called intrinsic value, which is Selective Insurance'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 Selective Insurance's market value can be influenced by many factors that don't directly affect Selective Insurance'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 Selective Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Selective Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Selective Insurance'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.