Steel Net Income vs Free Cash Flow Analysis

SPLP Stock

USD 41.05 0.05 0.12%

Steel Partners financial indicator trend analysis is much more than just breaking down Steel Partners Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steel Partners Holdings is a good investment. Please check the relationship between Steel Partners Net Income and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Partners Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steel Partners Holdings Net Income account and Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Steel Partners' Net Income and Free Cash Flow is -0.51. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Steel Partners Holdings, assuming nothing else is changed. The correlation between historical values of Steel Partners' Net Income 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 Net Income of Steel Partners Holdings 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 Net Income i.e., Steel Partners' Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Steel Partners Holdings financial statement analysis. It represents the amount of money remaining after all of Steel Partners Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

At this time, Steel Partners' Tax Provision is relatively stable compared to the past year. As of 11/22/2024, Enterprise Value Over EBITDA is likely to grow to 4.31, while Sales General And Administrative To Revenue is likely to drop 0.14.

	2021	2022	2023	2024 (projected)
Interest Expense	22.3M	20.6M	18.4M	20.0M
Depreciation And Amortization	70.8M	53.8M	56.6M	32.6M

Interest Expense Depreciation And Amortization

Steel Partners fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Treasury Stock	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.62	0.64	0.35	0.57	0.34	0.88	0.47	0.41	0.57	0.72	0.73	0.39	-0.4	0.87	0.5	0.38	0.98	0.54	0.04	-0.18	0.65	-0.82	-0.03	0.29	0.81
Other Current Liab	0.62		1.0	0.66	0.28	0.57	0.59	0.69	-0.02	-0.07	0.97	0.34	-0.06	-0.49	0.65	0.97	0.3	0.59	0.27	-0.42	-0.39	0.97	-0.51	-0.09	-0.05	0.64
Total Current Liabilities	0.64	1.0		0.66	0.34	0.55	0.63	0.72	-0.03	-0.06	0.97	0.41	-0.07	-0.5	0.69	0.95	0.28	0.61	0.3	-0.38	-0.35	0.97	-0.56	-0.05	0.02	0.67
Total Stockholder Equity	0.35	0.66	0.66		0.28	0.29	0.39	0.67	-0.21	-0.19	0.54	0.34	-0.16	-0.26	0.43	0.66	0.54	0.3	0.53	-0.57	-0.12	0.67	-0.43	0.05	0.11	0.49
Other Liab	0.57	0.28	0.34	0.28		0.11	0.81	0.62	0.3	0.1	0.38	0.8	-0.19	-0.25	0.75	0.14	0.16	0.52	0.45	0.27	0.07	0.44	-0.77	0.14	0.74	0.66
Net Tangible Assets	0.34	0.57	0.55	0.29	0.11		0.14	0.42	0.02	-0.13	0.51	-0.06	0.07	0.19	0.2	0.68	-0.02	0.2	0.15	-0.2	-0.12	0.6	-0.09	0.18	-0.05	0.62
Accounts Payable	0.88	0.59	0.63	0.39	0.81	0.14		0.61	0.44	0.34	0.71	0.89	0.06	-0.53	0.97	0.42	0.38	0.87	0.49	0.07	-0.16	0.66	-0.89	-0.02	0.47	0.74
Cash	0.47	0.69	0.72	0.67	0.62	0.42	0.61		-0.05	-0.14	0.67	0.58	-0.18	-0.2	0.52	0.66	0.05	0.39	0.31	-0.37	0.01	0.83	-0.51	0.23	0.48	0.65
Other Assets	0.41	-0.02	-0.03	-0.21	0.3	0.02	0.44	-0.05		0.56	0.17	0.31	0.44	-0.3	0.38	-0.1	0.38	0.45	0.21	0.08	-0.16	0.01	-0.4	-0.14	-0.03	0.11
Long Term Debt	0.57	-0.07	-0.06	-0.19	0.1	-0.13	0.34	-0.14	0.56		0.08	0.37	0.91	-0.24	0.24	-0.14	0.25	0.64	0.24	0.17	-0.02	-0.06	-0.42	-0.11	0.17	0.08
Net Receivables	0.72	0.97	0.97	0.54	0.38	0.51	0.71	0.67	0.17	0.08		0.47	0.04	-0.58	0.75	0.89	0.29	0.7	0.3	-0.32	-0.39	0.95	-0.63	-0.11	0.02	0.66
Good Will	0.73	0.34	0.41	0.34	0.8	-0.06	0.89	0.58	0.31	0.37	0.47		0.1	-0.33	0.82	0.16	0.24	0.71	0.49	0.21	0.07	0.47	-0.85	0.1	0.72	0.59
Common Stock Shares Outstanding	0.39	-0.06	-0.07	-0.16	-0.19	0.07	0.06	-0.18	0.44	0.91	0.04	0.1		-0.02	-0.02	-0.05	0.16	0.44	0.11	0.0	-0.04	-0.07	-0.17	-0.12	-0.03	-0.05
Short Term Investments	-0.4	-0.49	-0.5	-0.26	-0.25	0.19	-0.53	-0.2	-0.3	-0.24	-0.58	-0.33	-0.02		-0.52	-0.4	-0.53	-0.54	-0.03	0.32	0.34	-0.38	0.43	0.17	0.11	-0.14
Inventory	0.87	0.65	0.69	0.43	0.75	0.2	0.97	0.52	0.38	0.24	0.75	0.82	-0.02	-0.52		0.48	0.45	0.85	0.54	0.12	-0.23	0.69	-0.89	-0.07	0.35	0.76
Other Current Assets	0.5	0.97	0.95	0.66	0.14	0.68	0.42	0.66	-0.1	-0.14	0.89	0.16	-0.05	-0.4	0.48		0.27	0.46	0.17	-0.55	-0.38	0.92	-0.32	-0.06	-0.17	0.6
Other Stockholder Equity	0.38	0.3	0.28	0.54	0.16	-0.02	0.38	0.05	0.38	0.25	0.29	0.24	0.16	-0.53	0.45	0.27		0.43	0.34	-0.3	-0.22	0.2	-0.39	-0.14	-0.17	0.16
Total Liab	0.98	0.59	0.61	0.3	0.52	0.2	0.87	0.39	0.45	0.64	0.7	0.71	0.44	-0.54	0.85	0.46	0.43		0.48	0.02	-0.23	0.59	-0.81	-0.1	0.23	0.69
Deferred Long Term Liab	0.54	0.27	0.3	0.53	0.45	0.15	0.49	0.31	0.21	0.24	0.3	0.49	0.11	-0.03	0.54	0.17	0.34	0.48		0.11	0.04	0.35	-0.73	0.09	0.31	0.56
Long Term Investments	0.04	-0.42	-0.38	-0.57	0.27	-0.2	0.07	-0.37	0.08	0.17	-0.32	0.21	0.0	0.32	0.12	-0.55	-0.3	0.02	0.11		0.18	-0.37	-0.2	0.0	0.43	-0.03
Short Long Term Debt	-0.18	-0.39	-0.35	-0.12	0.07	-0.12	-0.16	0.01	-0.16	-0.02	-0.39	0.07	-0.04	0.34	-0.23	-0.38	-0.22	-0.23	0.04	0.18		-0.31	0.1	0.91	0.51	-0.04
Total Current Assets	0.65	0.97	0.97	0.67	0.44	0.6	0.66	0.83	0.01	-0.06	0.95	0.47	-0.07	-0.38	0.69	0.92	0.2	0.59	0.35	-0.37	-0.31		-0.59	-0.02	0.14	0.73
Treasury Stock	-0.82	-0.51	-0.56	-0.43	-0.77	-0.09	-0.89	-0.51	-0.4	-0.42	-0.63	-0.85	-0.17	0.43	-0.89	-0.32	-0.39	-0.81	-0.73	-0.2	0.1	-0.59		0.05	-0.52	-0.64
Short Term Debt	-0.03	-0.09	-0.05	0.05	0.14	0.18	-0.02	0.23	-0.14	-0.11	-0.11	0.1	-0.12	0.17	-0.07	-0.06	-0.14	-0.1	0.09	0.0	0.91	-0.02	0.05		0.46	0.22
Intangible Assets	0.29	-0.05	0.02	0.11	0.74	-0.05	0.47	0.48	-0.03	0.17	0.02	0.72	-0.03	0.11	0.35	-0.17	-0.17	0.23	0.31	0.43	0.51	0.14	-0.52	0.46		0.36
Common Stock	0.81	0.64	0.67	0.49	0.66	0.62	0.74	0.65	0.11	0.08	0.66	0.59	-0.05	-0.14	0.76	0.6	0.16	0.69	0.56	-0.03	-0.04	0.73	-0.64	0.22	0.36

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Steel Partners Account Relationship Matchups

Steel Partners fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	3.9B	2.7B	3.2B	4.0B	2.1B
Other Current Liab	698.4M	405.5M	580.6M	1.5B	1.9B	2.0B
Total Current Liabilities	935.8M	517.0M	715.0M	1.6B	2.1B	2.2B
Total Stockholder Equity	(191.4M)	(172.6M)	(131.8M)	801.5M	958.6M	1.0B
Other Liab	346.7M	295.8M	506.6M	373.1M	429.1M	326.1M
Net Tangible Assets	168.2M	400.6M	549.2M	706.7M	812.7M	853.3M
Accounts Payable	99.8M	100.8M	123.3M	109.6M	131.9M	78.7M
Cash	148.3M	135.8M	325.4M	234.4M	577.9M	606.8M
Other Assets	317.6M	2.3B	4.1B	615.5M	1.0	0.95
Long Term Debt	391.1M	2.4B	603.8M	221.3M	206.4M	196.1M
Net Receivables	512.5M	399.1M	536.9M	724.9M	935.4M	982.2M
Good Will	149.6M	150.9M	148.0M	125.8M	148.8M	111.5M
Common Stock Shares Outstanding	25.0M	51.4M	28.9M	26.9M	25.4M	31.3M
Inventory	167.8M	137.1M	184.3M	214.1M	202.3M	118.0M
Other Current Assets	36.3M	131.2M	237.6M	1.2B	1.7B	1.8B
Other Stockholder Equity	(654.2M)	172.6M	131.8M	953.3M	(329.3M)	(345.8M)
Total Liab	1.9B	3.4B	2.0B	2.4B	3.0B	1.5B
Long Term Investments	472.0M	291.3M	261.1M	309.7M	41.2M	39.2M
Short Long Term Debt	17.4M	10.8M	1.2M	752K	67K	63.7K
Total Current Assets	1.1B	803.3M	1.3B	1.8B	2.6B	2.8B
Accumulated Other Comprehensive Income	(191.4M)	(172.6M)	(131.8M)	(151.9M)	(121.2M)	(115.2M)
Short Term Debt	17.4M	10.8M	11.1M	10.6M	19.9M	14.0M
Intangible Assets	158.6M	138.6M	119.8M	94.8M	114.2M	138.7M
Common Stock	654.2M	707.3M	795.1M	952.1M	1.4B	711.7M
Property Plant Equipment	262.3M	229.0M	235.0M	238.5M	274.3M	202.4M
Short Long Term Debt Total	439.8M	2.4B	632.5M	257.5M	445.6M	532.0M
Property Plant And Equipment Net	302.6M	258.7M	271.6M	281.2M	330.7M	261.8M
Net Debt	291.5M	2.3B	307.1M	23.1M	(132.3M)	(125.7M)
Non Current Assets Total	1.2B	3.1B	1.4B	1.4B	1.4B	1.3B
Non Currrent Assets Other	266.8M	2.2B	79.1M	619.1M	14.9M	14.1M
Cash And Short Term Investments	148.6M	135.9M	325.4M	234.4M	577.9M	348.4M
Liabilities And Stockholders Equity	1.9B	3.4B	2.0B	3.2B	4.0B	2.1B
Non Current Liabilities Total	920.1M	2.9B	1.3B	785.2M	919.9M	996.8M
Property Plant And Equipment Gross	302.6M	258.7M	235.0M	238.5M	721.1M	757.2M
Current Deferred Revenue	120.1M	74.0M	88.7M	4.4M	7.4M	7.0M

Pair Trading with Steel Partners

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

Moving against Steel Stock

0.49	MPU	Mega Matrix Corp	Pair Corr
0.38	VSTE	Vast Renewables	Pair Corr
0.34	SLDPW	Solid Power	Pair Corr

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

The correlation of Steel Partners 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 Steel Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Partners Holdings 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 Steel Partners 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 Steel Stock Analysis

When running Steel Partners' price analysis, check to measure Steel Partners' 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 Steel Partners is operating at the current time. Most of Steel Partners' value examination focuses on studying past and present price action to predict the probability of Steel Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Partners' price. Additionally, you may evaluate how the addition of Steel Partners to your portfolios can decrease your overall portfolio volatility.

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