Insteel Free Cash Flow vs Net Income Analysis

IIIN Stock

USD 29.61 0.27 0.90%

Insteel Industries financial indicator trend analysis is infinitely more than just investigating Insteel Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Insteel Industries is a good investment. Please check the relationship between Insteel Industries Free Cash Flow and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. 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.

To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

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

The correlation between Insteel Industries' Free Cash Flow and Net Income is -0.05. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Insteel Industries, assuming nothing else is changed. The correlation between historical values of Insteel Industries' Free Cash Flow and Net Income 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 Insteel Industries are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Insteel Industries' Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

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.

Net Income

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

Most indicators from Insteel Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Insteel Industries 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. 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.

To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.As of the 14th of December 2024, Selling General Administrative is likely to drop to about 22.7 M. In addition to that, Tax Provision is likely to drop to about 5.7 M

	2021	2022	2023	2024 (projected)
Gross Profit	197.3M	65.4M	49.6M	48.2M
Total Revenue	826.8M	649.2M	529.2M	362.7M

Gross Profit Total Revenue

Insteel Industries 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	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Accounts Payable	Common Stock Total Equity	Common Stock	Current Deferred Revenue
Total Assets		-0.68	0.16	0.66	0.86	0.91	-0.68	0.84	0.92	0.21	0.94	0.75	0.45	0.81	0.49	0.94	0.69	0.68	0.87	-0.26	0.62	0.62	0.55	0.73	0.79	-0.37
Short Long Term Debt Total	-0.68		-0.12	-0.6	-0.72	-0.66	0.64	-0.67	-0.73	-0.41	-0.63	-0.7	-0.1	-0.48	-0.42	-0.78	-0.61	-0.5	-0.68	0.08	-0.57	-0.57	-0.5	-0.65	-0.83	0.21
Other Current Liab	0.16	-0.12		0.4	0.08	-0.22	-0.11	0.14	-0.06	0.07	0.25	-0.27	-0.33	0.25	-0.34	-0.05	0.29	0.1	0.2	0.14	0.11	0.11	0.37	-0.12	0.04	-0.49
Total Current Liabilities	0.66	-0.6	0.4		0.51	0.6	-0.34	0.47	0.67	0.54	0.76	0.65	0.09	0.59	0.23	0.64	0.95	0.34	0.57	-0.13	0.28	0.28	0.97	0.39	0.58	-0.21
Total Stockholder Equity	0.86	-0.72	0.08	0.51		0.78	-0.85	0.99	0.78	0.14	0.82	0.67	0.66	0.68	0.42	0.86	0.68	0.9	0.99	-0.35	0.83	0.83	0.39	0.79	0.92	-0.2
Property Plant And Equipment Net	0.91	-0.66	-0.22	0.6	0.78		-0.62	0.73	0.97	0.31	0.81	0.9	0.53	0.64	0.65	0.96	0.65	0.57	0.74	-0.27	0.55	0.55	0.51	0.77	0.79	-0.18
Net Debt	-0.68	0.64	-0.11	-0.34	-0.85	-0.62		-0.85	-0.64	-0.14	-0.55	-0.44	-0.57	-0.27	-0.21	-0.71	-0.5	-0.84	-0.82	0.31	-0.99	-0.99	-0.22	-0.79	-0.82	0.21
Retained Earnings	0.84	-0.67	0.14	0.47	0.99	0.73	-0.85		0.73	0.07	0.8	0.58	0.65	0.69	0.36	0.81	0.64	0.92	0.99	-0.36	0.84	0.84	0.35	0.76	0.88	-0.22
Non Current Assets Total	0.92	-0.73	-0.06	0.67	0.78	0.97	-0.64	0.73		0.42	0.84	0.88	0.46	0.63	0.67	0.98	0.7	0.54	0.74	-0.22	0.58	0.58	0.56	0.76	0.83	-0.3
Non Currrent Assets Other	0.21	-0.41	0.07	0.54	0.14	0.31	-0.14	0.07	0.42		0.29	0.39	0.11	-0.03	0.46	0.33	0.53	0.06	0.11	-0.16	0.11	0.11	0.51	0.27	0.31	0.08
Net Receivables	0.94	-0.63	0.25	0.76	0.82	0.81	-0.55	0.8	0.84	0.29		0.74	0.41	0.86	0.46	0.85	0.78	0.67	0.86	-0.22	0.5	0.5	0.64	0.6	0.71	-0.24
Common Stock Shares Outstanding	0.75	-0.7	-0.27	0.65	0.67	0.9	-0.44	0.58	0.88	0.39	0.74		0.38	0.58	0.65	0.88	0.69	0.39	0.62	-0.09	0.37	0.37	0.55	0.58	0.75	-0.06
Non Current Liabilities Total	0.45	-0.1	-0.33	0.09	0.66	0.53	-0.57	0.65	0.46	0.11	0.41	0.38		0.26	0.43	0.48	0.38	0.74	0.61	-0.47	0.62	0.62	0.01	0.64	0.54	0.19
Inventory	0.81	-0.48	0.25	0.59	0.68	0.64	-0.27	0.69	0.63	-0.03	0.86	0.58	0.26		0.33	0.68	0.59	0.5	0.74	-0.22	0.23	0.23	0.54	0.42	0.55	-0.29
Other Current Assets	0.49	-0.42	-0.34	0.23	0.42	0.65	-0.21	0.36	0.67	0.46	0.46	0.65	0.43	0.33		0.63	0.3	0.24	0.34	-0.23	0.17	0.17	0.12	0.38	0.54	-0.2
Other Stockholder Equity	0.94	-0.78	-0.05	0.64	0.86	0.96	-0.71	0.81	0.98	0.33	0.85	0.88	0.48	0.68	0.63		0.69	0.62	0.82	-0.25	0.64	0.64	0.52	0.8	0.89	-0.32
Total Liab	0.69	-0.61	0.29	0.95	0.68	0.65	-0.5	0.64	0.7	0.53	0.78	0.69	0.38	0.59	0.3	0.69		0.56	0.72	-0.26	0.47	0.47	0.9	0.53	0.72	-0.1
Property Plant And Equipment Gross	0.68	-0.5	0.1	0.34	0.9	0.57	-0.84	0.92	0.54	0.06	0.67	0.39	0.74	0.5	0.24	0.62	0.56		0.9	-0.42	0.85	0.85	0.24	0.74	0.73	0.02
Total Current Assets	0.87	-0.68	0.2	0.57	0.99	0.74	-0.82	0.99	0.74	0.11	0.86	0.62	0.61	0.74	0.34	0.82	0.72	0.9		-0.36	0.8	0.8	0.46	0.74	0.88	-0.21
Short Term Debt	-0.26	0.08	0.14	-0.13	-0.35	-0.27	0.31	-0.36	-0.22	-0.16	-0.22	-0.09	-0.47	-0.22	-0.23	-0.25	-0.26	-0.42	-0.36		-0.33	-0.33	-0.19	-0.33	-0.33	0.15
Cash	0.62	-0.57	0.11	0.28	0.83	0.55	-0.99	0.84	0.58	0.11	0.5	0.37	0.62	0.23	0.17	0.64	0.47	0.85	0.8	-0.33		1.0	0.17	0.76	0.78	-0.18
Cash And Short Term Investments	0.62	-0.57	0.11	0.28	0.83	0.55	-0.99	0.84	0.58	0.11	0.5	0.37	0.62	0.23	0.17	0.64	0.47	0.85	0.8	-0.33	1.0		0.17	0.76	0.78	-0.18
Accounts Payable	0.55	-0.5	0.37	0.97	0.39	0.51	-0.22	0.35	0.56	0.51	0.64	0.55	0.01	0.54	0.12	0.52	0.9	0.24	0.46	-0.19	0.17	0.17		0.32	0.46	-0.15
Common Stock Total Equity	0.73	-0.65	-0.12	0.39	0.79	0.77	-0.79	0.76	0.76	0.27	0.6	0.58	0.64	0.42	0.38	0.8	0.53	0.74	0.74	-0.33	0.76	0.76	0.32		0.79	-0.02
Common Stock	0.79	-0.83	0.04	0.58	0.92	0.79	-0.82	0.88	0.83	0.31	0.71	0.75	0.54	0.55	0.54	0.89	0.72	0.73	0.88	-0.33	0.78	0.78	0.46	0.79		-0.31
Current Deferred Revenue	-0.37	0.21	-0.49	-0.21	-0.2	-0.18	0.21	-0.22	-0.3	0.08	-0.24	-0.06	0.19	-0.29	-0.2	-0.32	-0.1	0.02	-0.21	0.15	-0.18	-0.18	-0.15	-0.02	-0.31

Click cells to compare fundamentals

Insteel Industries Account Relationship Matchups

Insteel Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	337.9M	390.7M	471.7M	447.5M	422.6M	223.1M
Other Current Liab	10.0M	12.0M	12.4M	8.4M	6.5M	7.9M
Total Current Liabilities	53.7M	68.8M	62.6M	46.2M	47.0M	43.3M
Total Stockholder Equity	264.8M	302.0M	389.7M	381.5M	350.9M	368.4M
Property Plant And Equipment Net	101.4M	105.6M	108.2M	122.0M	127.2M	80.3M
Net Debt	(66.2M)	(88.2M)	(46.7M)	(123.7M)	(109.9M)	(104.4M)
Retained Earnings	171.1M	206.4M	289.2M	278.5M	245.3M	257.6M
Non Current Assets Total	140.9M	143.8M	136.4M	148.7M	155.3M	96.1M
Non Currrent Assets Other	21.2M	20.8M	4.9M	3.8M	12.8M	10.6M
Net Receivables	53.8M	67.9M	81.6M	63.4M	59.7M	42.7M
Common Stock Shares Outstanding	19.4M	19.5M	19.6M	19.6M	19.6M	17.6M
Liabilities And Stockholders Equity	337.9M	390.7M	471.7M	447.5M	422.6M	223.1M
Non Current Liabilities Total	19.4M	19.8M	19.4M	19.9M	24.7M	24.0M
Inventory	69.0M	79.0M	197.7M	103.3M	88.8M	56.7M
Other Current Assets	9.7M	10.1M	7.7M	6.5M	7.3M	5.9M
Other Stockholder Equity	76.4M	78.7M	82.0M	83.8M	86.7M	61.3M
Total Liab	73.1M	88.7M	82.0M	66.0M	71.7M	77.4M
Property Plant And Equipment Gross	103.9M	260.3M	275.1M	290.2M	308.6M	324.0M
Total Current Assets	197.0M	246.9M	335.3M	298.9M	267.3M	280.7M
Accumulated Other Comprehensive Income	(2.0M)	(2.4M)	(977K)	(283K)	(608K)	(638.4K)
Cash	68.7M	89.9M	48.3M	125.7M	111.5M	117.1M
Cash And Short Term Investments	68.7M	89.9M	48.3M	125.7M	111.5M	117.1M
Accounts Payable	39.0M	49.4M	46.8M	34.3M	37.5M	33.2M
Common Stock Total Equity	19.3M	19.3M	19.4M	19.5M	22.4M	19.7M
Common Stock	19.3M	19.4M	19.5M	19.5M	19.5M	19.9M
Other Liab	18.1M	19.8M	18.8M	19.9M	22.8M	24.0M
Other Assets	18.6M	20.8M	10.1M	12.8M	1.0	0.95
Intangible Assets	8.6M	7.7M	6.8M	6.1M	5.3M	6.2M
Property Plant Equipment	103.9M	105.6M	108.2M	120.0M	138.0M	90.5M
Net Tangible Assets	246.5M	284.6M	373.2M	365.7M	420.5M	253.3M
Non Current Liabilities Other	18.6M	19.4M	19.8M	19.4M	22.3M	17.2M

Pair Trading with Insteel Industries

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 Insteel 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 Insteel Industries will appreciate offsetting losses from the drop in the long position's value.

Moving against Insteel Stock

0.68	J	Jacobs Solutions	Pair Corr
0.62	B	Barnes Group	Pair Corr
0.59	TG	Tredegar	Pair Corr
0.58	TPCS	TechPrecision Common	Pair Corr
0.52	MTEN	Mingteng International	Pair Corr

The ability to find closely correlated positions to Insteel 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 Insteel 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 Insteel 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 Insteel Industries to buy it.

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

Pair Correlation Correlation Matching

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

How To Invest In Insteel

Details

Is Insteel Stock a good investment?

Details

What is Insteel Industries' Net Worth?

Details

Largest Building Products Companies

View

Largest Metal Fabrication Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. 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.

To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries 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 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 Insteel Industries. If investors know Insteel 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 Insteel 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

(0.17)

Dividend Share

0.12

Earnings Share

0.99

Revenue Per Share

27.136

Quarterly Revenue Growth

(0.15)

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

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Insteel Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

Insteel Industries fundamental ratios Correlations

Insteel Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Insteel Industries fundamental ratios Accounts

Pair Trading with Insteel Industries

Moving against Insteel Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Retained Earnings
Other Stockholder Equity	+ 0.98	Non Current Assets Total
Accounts Payable	+ 0.97	Total Current Liabilities

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Retained Earnings	- 0.85	Net Debt
Net Debt	- 0.85	Total Stockholder Equity
Property Plant And Equipment Gross	- 0.84	Net Debt
Common Stock	- 0.83	Short Long Term Debt Total