EPAM Depreciation vs Free Cash Flow Analysis

EPAM Stock

USD 228.45 2.54 1.10%

EPAM Systems financial indicator trend analysis is much more than just examining EPAM Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EPAM Systems is a good investment. Please check the relationship between EPAM Systems Depreciation and its Free Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EPAM Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in EPAM Stock, please use our How to Invest in EPAM Systems guide.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EPAM Systems Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.

The correlation between EPAM Systems' Depreciation and Free Cash Flow is 0.94. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of EPAM Systems, assuming nothing else is changed. The correlation between historical values of EPAM Systems' Depreciation 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 Depreciation of EPAM Systems 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 Depreciation i.e., EPAM Systems' Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Depreciation

Depreciation indicates how much of EPAM Systems value has been used up. For tax purposes EPAM Systems can deduct the cost of the tangible assets it purchases as business expenses. However, EPAM Systems 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.

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 EPAM Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EPAM Systems 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EPAM Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in EPAM Stock, please use our How to Invest in EPAM Systems guide.At this time, EPAM Systems' Selling General Administrative is very stable compared to the past year. As of the 7th of January 2025, Tax Provision is likely to grow to about 163.9 M, while Sales General And Administrative To Revenue is likely to drop 0.18.

	2022	2023	2024	2025 (projected)
Gross Profit	1.5B	1.3B	1.5B	1.6B
Total Revenue	4.8B	4.7B	5.4B	5.7B

Gross Profit Total Revenue

EPAM Systems fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		0.62	0.63	0.55	0.62	0.62	0.61	0.45	-0.64	0.59	0.48	0.6	0.62	0.53	0.57	0.6	0.65	0.58	1.0	0.45	-0.77	0.53	0.73	0.58	0.57	0.62
Total Assets	0.62		0.52	0.97	0.98	1.0	0.92	0.91	-0.98	1.0	0.96	1.0	0.99	0.89	0.82	1.0	0.99	0.98	0.64	0.89	-0.65	0.96	0.97	0.97	0.98	1.0
Short Long Term Debt Total	0.63	0.52		0.52	0.57	0.49	0.71	0.49	-0.48	0.47	0.36	0.5	0.56	0.54	0.65	0.49	0.51	0.44	0.63	0.62	-0.69	0.39	0.52	0.6	0.58	0.5
Other Current Liab	0.55	0.97	0.52		0.99	0.96	0.95	0.95	-0.95	0.97	0.95	0.96	0.99	0.83	0.81	0.96	0.96	0.97	0.57	0.92	-0.61	0.92	0.91	0.99	0.96	0.96
Total Current Liabilities	0.62	0.98	0.57	0.99		0.96	0.95	0.96	-0.95	0.96	0.94	0.96	0.99	0.81	0.83	0.96	0.97	0.97	0.64	0.91	-0.65	0.9	0.93	0.99	0.94	0.96
Total Stockholder Equity	0.62	1.0	0.49	0.96	0.96		0.9	0.89	-0.98	1.0	0.96	1.0	0.98	0.9	0.8	1.0	0.99	0.98	0.65	0.86	-0.65	0.97	0.98	0.95	0.97	1.0
Property Plant And Equipment Net	0.61	0.92	0.71	0.95	0.95	0.9		0.87	-0.89	0.9	0.83	0.91	0.95	0.85	0.89	0.91	0.9	0.87	0.63	0.96	-0.66	0.82	0.88	0.97	0.95	0.91
Current Deferred Revenue	0.45	0.91	0.49	0.95	0.96	0.89	0.87		-0.89	0.91	0.93	0.89	0.94	0.7	0.75	0.88	0.91	0.94	0.48	0.84	-0.51	0.86	0.81	0.94	0.87	0.89
Net Debt	-0.64	-0.98	-0.48	-0.95	-0.95	-0.98	-0.89	-0.89		-0.97	-0.94	-0.98	-0.96	-0.87	-0.82	-0.98	-0.97	-0.96	-0.66	-0.86	0.69	-0.93	-0.96	-0.95	-0.94	-0.98
Retained Earnings	0.59	1.0	0.47	0.97	0.96	1.0	0.9	0.91	-0.97		0.98	0.99	0.99	0.89	0.8	0.99	0.99	0.99	0.61	0.86	-0.62	0.97	0.97	0.95	0.97	1.0
Accounts Payable	0.48	0.96	0.36	0.95	0.94	0.96	0.83	0.93	-0.94	0.98		0.95	0.95	0.8	0.69	0.95	0.96	0.98	0.51	0.79	-0.52	0.97	0.91	0.91	0.92	0.96
Cash	0.6	1.0	0.5	0.96	0.96	1.0	0.91	0.89	-0.98	0.99	0.95		0.98	0.92	0.83	1.0	0.98	0.97	0.63	0.88	-0.65	0.96	0.98	0.95	0.98	1.0
Non Current Assets Total	0.62	0.99	0.56	0.99	0.99	0.98	0.95	0.94	-0.96	0.99	0.95	0.98		0.86	0.82	0.98	0.99	0.98	0.64	0.91	-0.64	0.94	0.95	0.99	0.97	0.98
Non Currrent Assets Other	0.53	0.89	0.54	0.83	0.81	0.9	0.85	0.7	-0.87	0.89	0.8	0.92	0.86		0.83	0.92	0.85	0.82	0.55	0.84	-0.6	0.84	0.9	0.84	0.94	0.9
Other Assets	0.57	0.82	0.65	0.81	0.83	0.8	0.89	0.75	-0.82	0.8	0.69	0.83	0.82	0.83		0.83	0.78	0.74	0.58	0.87	-0.62	0.66	0.79	0.86	0.84	0.82
Cash And Short Term Investments	0.6	1.0	0.49	0.96	0.96	1.0	0.91	0.88	-0.98	0.99	0.95	1.0	0.98	0.92	0.83		0.98	0.97	0.62	0.88	-0.65	0.96	0.97	0.95	0.97	1.0
Net Receivables	0.65	0.99	0.51	0.96	0.97	0.99	0.9	0.91	-0.97	0.99	0.96	0.98	0.99	0.85	0.78	0.98		0.99	0.67	0.86	-0.66	0.96	0.97	0.96	0.95	0.99
Good Will	0.58	0.98	0.44	0.97	0.97	0.98	0.87	0.94	-0.96	0.99	0.98	0.97	0.98	0.82	0.74	0.97	0.99		0.6	0.83	-0.58	0.96	0.94	0.95	0.94	0.98
Common Stock Total Equity	1.0	0.64	0.63	0.57	0.64	0.65	0.63	0.48	-0.66	0.61	0.51	0.63	0.64	0.55	0.58	0.62	0.67	0.6		0.47	-0.77	0.56	0.75	0.6	0.59	0.64
Non Current Liabilities Total	0.45	0.89	0.62	0.92	0.91	0.86	0.96	0.84	-0.86	0.86	0.79	0.88	0.91	0.84	0.87	0.88	0.86	0.83	0.47		-0.56	0.78	0.82	0.95	0.92	0.87
Inventory	-0.77	-0.65	-0.69	-0.61	-0.65	-0.65	-0.66	-0.51	0.69	-0.62	-0.52	-0.65	-0.64	-0.6	-0.62	-0.65	-0.66	-0.58	-0.77	-0.56		-0.57	-0.71	-0.64	-0.61	-0.65
Other Current Assets	0.53	0.96	0.39	0.92	0.9	0.97	0.82	0.86	-0.93	0.97	0.97	0.96	0.94	0.84	0.66	0.96	0.96	0.96	0.56	0.78	-0.57		0.94	0.88	0.93	0.97
Other Stockholder Equity	0.73	0.97	0.52	0.91	0.93	0.98	0.88	0.81	-0.96	0.97	0.91	0.98	0.95	0.9	0.79	0.97	0.97	0.94	0.75	0.82	-0.71	0.94		0.91	0.94	0.98
Total Liab	0.58	0.97	0.6	0.99	0.99	0.95	0.97	0.94	-0.95	0.95	0.91	0.95	0.99	0.84	0.86	0.95	0.96	0.95	0.6	0.95	-0.64	0.88	0.91		0.95	0.96
Property Plant And Equipment Gross	0.57	0.98	0.58	0.96	0.94	0.97	0.95	0.87	-0.94	0.97	0.92	0.98	0.97	0.94	0.84	0.97	0.95	0.94	0.59	0.92	-0.61	0.93	0.94	0.95		0.97
Total Current Assets	0.62	1.0	0.5	0.96	0.96	1.0	0.91	0.89	-0.98	1.0	0.96	1.0	0.98	0.9	0.82	1.0	0.99	0.98	0.64	0.87	-0.65	0.97	0.98	0.96	0.97

Click cells to compare fundamentals

EPAM Systems Account Relationship Matchups

EPAM Systems fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	58.4M	59.1M	59.2M	59.1M	67.9M	50.1M
Total Assets	2.7B	3.5B	4.0B	4.4B	5.0B	5.3B
Short Long Term Debt Total	266.4M	239.2M	193.2M	171.9M	197.7M	186.7M
Other Current Liab	296.3M	555.1M	551.0M	509.6M	586.0M	615.3M
Total Current Liabilities	466.0M	763.4M	747.5M	644.9M	741.7M	778.8M
Total Stockholder Equity	2.0B	2.5B	3.0B	3.5B	4.0B	4.2B
Property Plant And Equipment Net	398.2M	421.1M	422.1M	370.0M	425.4M	446.7M
Current Deferred Revenue	17.4M	39.8M	36.0M	28.0M	32.2M	33.8M
Net Debt	(1.1B)	(1.2B)	(1.5B)	(1.9B)	(1.7B)	(1.6B)
Retained Earnings	1.3B	1.8B	2.2B	2.5B	2.9B	3.0B
Accounts Payable	10.2M	24.8M	30.9M	32.0M	36.8M	38.6M
Cash	1.3B	1.4B	1.7B	2.0B	2.3B	2.5B
Non Current Assets Total	808.6M	1.3B	1.2B	1.3B	1.5B	1.5B
Non Currrent Assets Other	52.7M	27.2M	17.6M	59.6M	68.5M	71.9M
Other Assets	114.4M	375.1M	200.8M	192.3M	221.1M	232.2M
Cash And Short Term Investments	1.4B	1.4B	1.7B	2.1B	2.4B	2.5B
Net Receivables	501.1M	768.9M	932.6M	897.0M	1.0B	1.1B
Good Will	212.0M	530.7M	529.1M	562.5M	646.8M	679.2M
Common Stock Total Equity	55K	56K	57K	58K	66.7K	48.8K
Liabilities And Stockholders Equity	2.7B	3.5B	4.0B	4.4B	5.0B	5.3B
Non Current Liabilities Total	272.4M	264.0M	258.7M	236.0M	271.4M	284.9M
Other Current Assets	24.5M	52.0M	85.3M	97.4M	112.0M	117.6M
Other Stockholder Equity	660.6M	711.7M	847.8M	1.0B	1.2B	1.2B
Total Liab	738.3M	1.0B	1.0B	880.9M	1.0B	1.1B
Property Plant And Equipment Gross	398.2M	421.1M	422.1M	567.5M	652.6M	685.2M
Total Current Assets	1.9B	2.3B	2.8B	3.1B	3.6B	3.7B
Accumulated Other Comprehensive Income	(25.5M)	(54.2M)	(95.3M)	(39.0M)	(35.1M)	(36.9M)
Short Term Debt	121.5M	116.2M	83.6M	36.6M	42.0M	77.5M
Intangible Assets	52.0M	101.1M	77.7M	71.1M	81.8M	47.1M
Common Stock	55K	56K	57K	58K	66.7K	49.8K
Property Plant Equipment	165.3M	169.5M	421.1M	273.3M	314.4M	330.1M
Other Liab	55.2M	66.7M	90.9M	108.6M	124.9M	131.2M
Long Term Debt	25.0M	30.2M	27.7M	26.1M	30.0M	22.4M
Retained Earnings Total Equity	1.0B	1.3B	1.8B	2.2B	2.6B	2.7B

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When determining whether EPAM Systems is a strong investment it is important to analyze EPAM Systems' 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 EPAM Systems' future performance. For an informed investment choice regarding EPAM Stock, refer to the following important reports:

How To Invest In EPAM

Details

Is EPAM Stock a good investment?

Details

What is EPAM Systems' Net Worth?

Details

Largest IT Consulting & Other Services Companies

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Largest Information Technology Services Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EPAM Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in EPAM Stock, please use our How to Invest in EPAM Systems guide.

You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Is IT Consulting & Other Services 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 EPAM Systems. If investors know EPAM 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 EPAM Systems 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

0.436

Earnings Share

7.71

Revenue Per Share

80.605

Quarterly Revenue Growth

0.013

Return On Assets

0.0833

The market value of EPAM Systems is measured differently than its book value, which is the value of EPAM that is recorded on the company's balance sheet. Investors also form their own opinion of EPAM Systems' value that differs from its market value or its book value, called intrinsic value, which is EPAM Systems' 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 EPAM Systems' market value can be influenced by many factors that don't directly affect EPAM Systems' 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 EPAM Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if EPAM Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EPAM Systems' 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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EPAM Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

EPAM Systems fundamental ratios Correlations

EPAM Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

EPAM Systems fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Total Equity	+ 1.0	Common Stock Shares Outstanding
Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets

Total Current Assets	- 0.98	Net Debt
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Net Debt	- 0.98	Total Stockholder Equity
Net Debt	- 0.98	Total Assets
Net Receivables	- 0.97	Net Debt