Astronics Historical Cash Flow
| ATRO Stock | USD 17.22 0.08 0.47% |
Analysis of Astronics cash flow over time is an excellent tool to project Astronics future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Other Non Cash Items of 21.6 M or Capital Expenditures of 7.6 M as it is a great indicator of Astronics ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Astronics latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Astronics is a good buy for the upcoming year.
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About Astronics Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Astronics balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Astronics's non-liquid assets can be easily converted into cash.
Astronics Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Most accounts from Astronics' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Astronics current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astronics. 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. To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.At this time, Astronics' Total Cashflows From Investing Activities is very stable compared to the past year. As of the 25th of November 2024, Cash Flows Other Operating is likely to grow to about 14.7 M, though Change In Cash is likely to grow to (2.3 M).
Astronics cash flow statement Correlations
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Astronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Astronics cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 15.3M | 8.5M | (10.7M) | (16.0M) | (2.5M) | (2.3M) | |
| Free Cash Flow | 30.6M | 29.9M | (11.6M) | (36.0M) | (31.6M) | (30.0M) | |
| Depreciation | 33.0M | 31.9M | 29.0M | 27.8M | 26.1M | 27.4M | |
| Other Non Cash Items | (33.4M) | 104.4M | 7.9M | 6.3M | 20.6M | 21.6M | |
| Capital Expenditures | 12.1M | 7.5M | 6.0M | 7.7M | 7.6M | 7.6M | |
| Total Cash From Operating Activities | 42.7M | 37.3M | (5.5M) | (28.3M) | (24.0M) | (22.8M) | |
| Net Income | 52.0M | (115.8M) | (25.6M) | (35.7M) | (26.4M) | (25.1M) | |
| End Period Cash Flow | 31.9M | 40.4M | 29.8M | 13.8M | 11.3M | 11.6M | |
| Change In Working Capital | (18.0M) | (9.8M) | (22.9M) | (33.1M) | (55.8M) | (53.0M) | |
| Begin Period Cash Flow | 16.6M | 31.9M | 40.4M | 29.8M | 13.8M | 11.6M | |
| Change To Inventory | (12.7M) | (13.6M) | (5.2M) | (34.1M) | (13.3M) | (12.6M) | |
| Other Cashflows From Financing Activities | 116.5M | 306K | 3.4M | (2.3M) | (4.3M) | (4.1M) | |
| Total Cash From Financing Activities | (92.2M) | (24.6M) | (7.5M) | (1.4M) | 25.4M | 26.7M | |
| Stock Based Compensation | 3.8M | 5.2M | 6.5M | 6.5M | 11.4M | 12.0M | |
| Change To Netincome | (50.5M) | 111.1M | 14.0M | (1.2M) | (1.4M) | (1.3M) | |
| Change To Account Receivables | 34.1M | 53.9M | (14.8M) | (41.6M) | (31.9M) | (30.3M) | |
| Change To Liabilities | (22.5M) | (38.4M) | 8.4M | 44.4M | 51.0M | 53.6M | |
| Change Receivables | 34.1M | 53.9M | (14.8M) | (41.6M) | (37.5M) | (35.6M) | |
| Net Borrowings | (39.1M) | (15.6M) | (10.9M) | (1.4M) | (1.6M) | (1.7M) | |
| Total Cashflows From Investing Activities | 64.6M | (5.8M) | 3.2M | 14.4M | 16.5M | 17.4M | |
| Cash And Cash Equivalents Changes | 15.1M | 7.0M | (9.9M) | (15.3M) | (13.8M) | (13.1M) | |
| Cash Flows Other Operating | 9.2M | 8.3M | 7.1M | 12.2M | 14.0M | 14.7M | |
| Other Cashflows From Investing Activities | 76.7M | 1.7M | 9.2M | 22.1M | 25.4M | 26.6M | |
| Change To Operating Activities | (14.2M) | (22.7M) | (11.5M) | (6.7M) | (6.0M) | (5.7M) | |
| Investments | 64.6M | (5.8M) | 3.2M | 14.4M | (5.9M) | (6.2M) |
Pair Trading with Astronics
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 Astronics 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 Astronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Astronics Stock
| 0.7 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Astronics Stock
| 0.74 | ESLT | Elbit Systems | PairCorr |
| 0.69 | CAE | CAE Inc | PairCorr |
| 0.66 | ERJ | Embraer SA ADR | PairCorr |
| 0.64 | DRS | Leonardo DRS, Common | PairCorr |
| 0.57 | CW | Curtiss Wright | PairCorr |
The ability to find closely correlated positions to Astronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astronics 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 Astronics - 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 Astronics to buy it.
The correlation of Astronics 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 Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics 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 Astronics 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astronics. 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. To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Aerospace & Defense 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 Astronics. If investors know Astronics 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 Astronics 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 (0.93) | Earnings Share (0.16) | Revenue Per Share 22.48 | Quarterly Revenue Growth 0.25 | Return On Assets 0.0218 |
The market value of Astronics is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' 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 Astronics' market value can be influenced by many factors that don't directly affect Astronics' 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 Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' 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.