Friedman Industries Net Income vs. Revenue
| FRD Stock | USD 15.23 0.43 2.91% |
Net Income | First Reported 1992-06-30 | Previous Quarter 2.6 M | Current Value -675 K | Quarterly Volatility 2.5 M |
For Friedman Industries profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Friedman Industries to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Friedman Industries utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Friedman Industries's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Friedman Industries over time as well as its relative position and ranking within its peers.
Friedman |
Friedman Industries' Revenue Breakdown by Earning Segment
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Is Metals & Mining 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 Friedman Industries. If investors know Friedman 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 Friedman Industries 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 (0.33) | Dividend Share 0.14 | Earnings Share 1.14 | Revenue Per Share 66.665 | Quarterly Revenue Growth 1.802 |
The market value of Friedman Industries is measured differently than its book value, which is the value of Friedman that is recorded on the company's balance sheet. Investors also form their own opinion of Friedman Industries' value that differs from its market value or its book value, called intrinsic value, which is Friedman Industries' 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 Friedman Industries' market value can be influenced by many factors that don't directly affect Friedman Industries' 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 Friedman Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Friedman Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Friedman Industries' 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.
Friedman Industries Revenue vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Friedman Industries's current stock value. Our valuation model uses many indicators to compare Friedman Industries value to that of its competitors to determine the firm's financial worth. Friedman Industries is rated # 3 in net income category among its peers. It also is rated # 3 in revenue category among its peers totaling about 29.76 of Revenue per Net Income. At present, Friedman Industries' Net Income is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Friedman Industries by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Friedman Revenue vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Friedman Industries |
| = | 17.34 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Friedman Industries |
| = | 516.25 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Friedman Revenue vs Competition
Friedman Industries is rated # 3 in revenue category among its peers. Market size based on revenue of Materials industry is currently estimated at about 2.37 Billion. Friedman Industries totals roughly 516.25 Million in revenue claiming about 22% of all equities under Materials industry.
Friedman Industries Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Friedman Industries, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Friedman Industries will eventually generate negative long term returns. The profitability progress is the general direction of Friedman Industries' change in net profit over the period of time. It can combine multiple indicators of Friedman Industries, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 24.9 M | 14 M | |
| Income Before Tax | 23.3 M | 24.5 M | |
| Total Other Income Expense Net | -1.6 M | -1.7 M | |
| Net Income | 17.3 M | 18.2 M | |
| Income Tax Expense | 6 M | 6.3 M | |
| Net Income Applicable To Common Shares | 24.5 M | 25.8 M | |
| Net Income From Continuing Ops | 17.3 M | 18.2 M | |
| Non Operating Income Net Other | 10.7 M | 11.3 M | |
| Interest Income | 8.2 M | 8.6 M | |
| Net Interest Income | -3.1 M | -2.9 M | |
| Change To Netincome | 10.2 M | 10.7 M | |
| Net Income Per Share | 2.41 | 2.54 | |
| Income Quality | 0.29 | 0.27 | |
| Net Income Per E B T | 0.74 | 0.53 |
Friedman Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Friedman Industries. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Friedman Industries position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Friedman Industries' important profitability drivers and their relationship over time.
Use Friedman Industries in pair-trading
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 Friedman Industries 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 Friedman Industries will appreciate offsetting losses from the drop in the long position's value.Friedman Industries Pair Trading
Friedman Industries Pair Trading Analysis
The ability to find closely correlated positions to Friedman Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Friedman Industries 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 Friedman Industries - 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 Friedman Industries to buy it.
The correlation of Friedman Industries 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 Friedman Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Friedman Industries 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 Friedman Industries 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.Use Investing Themes to Complement your Friedman Industries position
In addition to having Friedman Industries in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Investing Opportunities. For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
To fully project Friedman Industries' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Friedman Industries at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Friedman Industries' income statement, its balance sheet, and the statement of cash flows.