Fortune Free Cash Flow vs Capital Expenditures Analysis

FBIN Stock

68.51 0.00 0.00%

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

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Brands Innov Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Fortune Brands' Free Cash Flow and Capital Expenditures is 0.59. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Fortune Brands Innovations, assuming nothing else is changed. The correlation between historical values of Fortune Brands' Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Fortune Brands Innovations are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Fortune Brands' Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by Fortune Brands Innov to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Fortune Brands operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Fortune Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortune Brands Innov 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 Fortune Brands Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Fortune Brands' Tax Provision is very stable compared to the past year. As of the 30th of December 2024, Discontinued Operations is likely to grow to about 141.3 M, while Selling General Administrative is likely to drop about 992 M.

	2021	2022	2023	2024 (projected)
Interest Expense	84.4M	119.2M	116.5M	70.2M
Depreciation And Amortization	171.4M	174.8M	168.8M	150.9M

Interest Expense Depreciation And Amortization

Fortune Brands fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.93	0.93	0.91	0.42	0.91	0.92	0.9	0.94	0.71	0.98	0.79	0.71	0.84	0.93	-0.73	0.67	0.92	0.36	-0.74	0.84	0.93	0.42	0.94	0.72	-0.15
Short Long Term Debt Total	0.93		0.8	0.9	0.45	0.91	0.99	0.91	0.91	0.78	0.9	0.63	0.78	0.8	0.82	-0.75	0.55	0.93	0.12	-0.74	0.74	0.87	0.54	0.89	0.8	-0.13
Other Current Liab	0.93	0.8		0.87	0.51	0.84	0.79	0.83	0.86	0.65	0.9	0.77	0.65	0.7	0.88	-0.6	0.53	0.9	0.51	-0.6	0.72	0.89	0.32	0.83	0.64	-0.01
Total Current Liabilities	0.91	0.9	0.87		0.43	0.79	0.88	0.86	0.8	0.77	0.85	0.69	0.77	0.7	0.82	-0.68	0.5	0.92	0.4	-0.69	0.74	0.92	0.57	0.78	0.66	0.09
Total Stockholder Equity	0.42	0.45	0.51	0.43		0.3	0.42	0.51	0.56	0.52	0.45	0.41	0.52	0.56	0.53	-0.07	-0.37	0.46	-0.31	0.11	-0.14	0.32	0.21	0.37	0.29	-0.04
Property Plant And Equipment Net	0.91	0.91	0.84	0.79	0.3		0.92	0.87	0.91	0.59	0.9	0.61	0.59	0.68	0.79	-0.79	0.69	0.88	0.27	-0.8	0.81	0.83	0.29	0.91	0.89	-0.3
Net Debt	0.92	0.99	0.79	0.88	0.42	0.92		0.89	0.91	0.71	0.91	0.63	0.71	0.8	0.83	-0.75	0.57	0.9	0.11	-0.73	0.76	0.84	0.52	0.91	0.8	-0.17
Retained Earnings	0.9	0.91	0.83	0.86	0.51	0.87	0.89		0.88	0.78	0.86	0.61	0.78	0.75	0.79	-0.86	0.48	0.92	0.15	-0.8	0.68	0.87	0.38	0.82	0.86	-0.22
Accounts Payable	0.94	0.91	0.86	0.8	0.56	0.91	0.91	0.88		0.66	0.95	0.76	0.66	0.89	0.91	-0.66	0.53	0.86	0.1	-0.63	0.69	0.82	0.3	0.92	0.76	-0.33
Cash	0.71	0.78	0.65	0.77	0.52	0.59	0.71	0.78	0.66		0.6	0.46	1.0	0.59	0.53	-0.58	0.25	0.83	0.09	-0.55	0.47	0.84	0.51	0.53	0.59	0.13
Non Current Assets Total	0.98	0.9	0.9	0.85	0.45	0.9	0.91	0.86	0.95	0.6		0.82	0.6	0.88	0.97	-0.68	0.64	0.84	0.26	-0.66	0.8	0.83	0.39	0.97	0.68	-0.28
Non Currrent Assets Other	0.79	0.63	0.77	0.69	0.41	0.61	0.63	0.61	0.76	0.46	0.82		0.46	0.76	0.84	-0.46	0.48	0.61	0.29	-0.4	0.62	0.66	0.13	0.69	0.31	-0.3
Cash And Short Term Investments	0.71	0.78	0.65	0.77	0.52	0.59	0.71	0.78	0.66	1.0	0.6	0.46		0.59	0.53	-0.58	0.25	0.83	0.09	-0.55	0.47	0.84	0.51	0.53	0.59	0.13
Net Receivables	0.84	0.8	0.7	0.7	0.56	0.68	0.8	0.75	0.89	0.59	0.88	0.76	0.59		0.9	-0.49	0.43	0.68	-0.08	-0.46	0.58	0.68	0.39	0.85	0.51	-0.38
Good Will	0.93	0.82	0.88	0.82	0.53	0.79	0.83	0.79	0.91	0.53	0.97	0.84	0.53	0.9		-0.55	0.53	0.76	0.25	-0.52	0.7	0.76	0.4	0.93	0.54	-0.24
Common Stock Shares Outstanding	-0.73	-0.75	-0.6	-0.68	-0.07	-0.79	-0.75	-0.86	-0.66	-0.58	-0.68	-0.46	-0.58	-0.49	-0.55		-0.66	-0.73	-0.22	0.95	-0.75	-0.73	-0.23	-0.68	-0.81	0.34
Non Current Liabilities Total	0.67	0.55	0.53	0.5	-0.37	0.69	0.57	0.48	0.53	0.25	0.64	0.48	0.25	0.43	0.53	-0.66		0.52	0.56	-0.81	0.95	0.64	0.18	0.68	0.49	-0.22
Inventory	0.92	0.93	0.9	0.92	0.46	0.88	0.9	0.92	0.86	0.83	0.84	0.61	0.83	0.68	0.76	-0.73	0.52		0.34	-0.74	0.73	0.96	0.42	0.79	0.82	0.05
Other Current Assets	0.36	0.12	0.51	0.4	-0.31	0.27	0.11	0.15	0.1	0.09	0.26	0.29	0.09	-0.08	0.25	-0.22	0.56	0.34		-0.39	0.58	0.48	0.08	0.2	0.09	0.42
Other Stockholder Equity	-0.74	-0.74	-0.6	-0.69	0.11	-0.8	-0.73	-0.8	-0.63	-0.55	-0.66	-0.4	-0.55	-0.46	-0.52	0.95	-0.81	-0.74	-0.39		-0.87	-0.79	-0.27	-0.67	-0.81	0.22
Total Liab	0.84	0.74	0.72	0.74	-0.14	0.81	0.76	0.68	0.69	0.47	0.8	0.62	0.47	0.58	0.7	-0.75	0.95	0.73	0.58	-0.87		0.82	0.34	0.8	0.61	-0.14
Total Current Assets	0.93	0.87	0.89	0.92	0.32	0.83	0.84	0.87	0.82	0.84	0.83	0.66	0.84	0.68	0.76	-0.73	0.64	0.96	0.48	-0.79	0.82		0.44	0.77	0.72	0.07
Short Term Debt	0.42	0.54	0.32	0.57	0.21	0.29	0.52	0.38	0.3	0.51	0.39	0.13	0.51	0.39	0.4	-0.23	0.18	0.42	0.08	-0.27	0.34	0.44		0.42	0.15	0.39
Intangible Assets	0.94	0.89	0.83	0.78	0.37	0.91	0.91	0.82	0.92	0.53	0.97	0.69	0.53	0.85	0.93	-0.68	0.68	0.79	0.2	-0.67	0.8	0.77	0.42		0.69	-0.3
Common Stock	0.72	0.8	0.64	0.66	0.29	0.89	0.8	0.86	0.76	0.59	0.68	0.31	0.59	0.51	0.54	-0.81	0.49	0.82	0.09	-0.81	0.61	0.72	0.15	0.69		-0.31
Current Deferred Revenue	-0.15	-0.13	-0.01	0.09	-0.04	-0.3	-0.17	-0.22	-0.33	0.13	-0.28	-0.3	0.13	-0.38	-0.24	0.34	-0.22	0.05	0.42	0.22	-0.14	0.07	0.39	-0.3	-0.31

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Fortune Brands Account Relationship Matchups

Fortune Brands fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.3B	7.4B	7.9B	6.1B	6.6B	5.9B
Short Long Term Debt Total	2.2B	2.6B	2.7B	2.7B	2.8B	1.6B
Other Current Liab	549.6M	653.8M	920M	499.1M	600.8M	515.4M
Total Current Liabilities	1.4B	1.3B	2.0B	1.5B	1.2B	1.1B
Total Stockholder Equity	2.4B	2.8B	3.1B	2.1B	2.3B	2.3B
Property Plant And Equipment Net	824.2M	917.4M	1.0B	783.7M	1.1B	790.3M
Net Debt	1.8B	2.2B	2.2B	2.0B	2.4B	1.2B
Retained Earnings	1.8B	2.2B	2.8B	2.3B	2.6B	2.7B
Accounts Payable	460M	620.5M	561M	421.6M	568.1M	437.8M
Cash	387.9M	419.1M	471.5M	642.5M	366.4M	320.6M
Non Current Assets Total	4.4B	5.2B	5.2B	3.7B	4.5B	4.0B
Non Currrent Assets Other	257.2M	378.5M	299.2M	91.2M	106.8M	143.8M
Cash And Short Term Investments	387.9M	419.1M	471.5M	642.5M	366.4M	320.6M
Net Receivables	624.8M	734.9M	580.4M	521.8M	534.2M	555.0M
Good Will	2.1B	2.4B	2.5B	1.6B	1.9B	1.9B
Common Stock Shares Outstanding	141.3M	140.2M	139.5M	131.3M	127.7M	121.2M
Liabilities And Stockholders Equity	6.3B	7.4B	7.9B	6.1B	6.6B	5.9B
Non Current Liabilities Total	2.5B	3.2B	2.9B	2.5B	3.1B	2.4B
Inventory	718.6M	867.2M	1.2B	1.0B	982.3M	688.4M
Other Current Assets	166.9M	187.3M	847.7M	274.8M	162.8M	219.5M
Other Stockholder Equity	734.4M	648.6M	279.6M	(276.2M)	(377.1M)	(358.2M)
Total Liab	3.9B	4.6B	4.9B	4.0B	4.3B	3.6B
Total Current Assets	1.9B	2.2B	2.7B	2.5B	2.0B	1.8B
Accumulated Other Comprehensive Income	(72.6M)	(55.1M)	(24.6M)	37.4M	63.3M	66.5M
Short Term Debt	399.7M	38.5M	400M	599.2M	37.1M	35.2M
Intangible Assets	1.2B	1.4B	1.4B	1.0B	1.4B	1.1B
Long Term Debt	1.8B	2.6B	2.3B	2.1B	2.7B	2.4B
Net Invested Capital	4.6B	5.3B	5.8B	4.8B	5.0B	5.5B
Non Current Liabilities Other	171.2M	205.4M	176M	278.1M	99.2M	145M
Net Working Capital	488.9M	863.4M	773.4M	913.3M	845.3M	747.7M

Pair Trading with Fortune Brands

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 Fortune Brands 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 Fortune Brands will appreciate offsetting losses from the drop in the long position's value.

Moving together with Fortune Stock

0.84

APT

Alpha Pro Tech

Pair Corr

Moving against Fortune Stock

0.78	AIRJW	Montana Technologies Symbol Change	Pair Corr
0.73	AAON	AAON Inc	Pair Corr
0.7	JCI	Johnson Controls Int	Pair Corr
0.64	LMB	Limbach Holdings	Pair Corr
0.64	PPIH	Perma Pipe Internati	Pair Corr

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

The correlation of Fortune Brands 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 Fortune Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortune Brands Innov 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 Fortune Brands 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

When determining whether Fortune Brands Innov offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fortune Brands' 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 Fortune Brands Innovations Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fortune Brands Innovations Stock:

How To Invest In Fortune

Details

Is Fortune Stock a good investment?

Details

What is Fortune Brands' Net Worth?

Details

Largest Building Products Companies

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

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Is Building Products 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 Fortune Brands. If investors know Fortune 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 Fortune Brands 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

0.019

Dividend Share

0.95

Earnings Share

3.55

Revenue Per Share

37.269

Quarterly Revenue Growth

(0.08)

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

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Fortune Free Cash Flow vs Capital Expenditures Analysis

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Free Cash Flow

Capital Expenditures

Fortune Brands fundamental ratios Correlations

Fortune Brands Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortune Brands fundamental ratios Accounts

Pair Trading with Fortune Brands

Moving together with Fortune Stock

Moving against Fortune Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Assets
Good Will	+ 0.97	Non Current Assets Total
Intangible Assets	+ 0.97	Non Current Assets Total
Total Current Assets	+ 0.96	Inventory

Total Liab	- 0.87	Other Stockholder Equity
Common Stock Shares Outstanding	- 0.86	Retained Earnings
Common Stock	- 0.81	Other Stockholder Equity
Other Stockholder Equity	- 0.81	Non Current Liabilities Total
Common Stock	- 0.81	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.8	Retained Earnings