MYR Capital Expenditures vs Change In Cash Analysis

MYRG Stock  USD 147.72  0.15  0.10%   
MYR financial indicator trend analysis is infinitely more than just investigating MYR Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MYR Group is a good investment. Please check the relationship between MYR Capital Expenditures and its Change In Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYR Group. 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.

Capital Expenditures vs Change In Cash

Capital Expenditures vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MYR Group Capital Expenditures account and Change In Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between MYR's Capital Expenditures and Change In Cash is -0.24. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change In Cash in the same time period over historical financial statements of MYR Group, assuming nothing else is changed. The correlation between historical values of MYR's Capital Expenditures and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of MYR Group are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Capital Expenditures i.e., MYR's Capital Expenditures and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Capital Expenditures

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

Change In Cash

Most indicators from MYR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MYR Group 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYR Group. 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.
At this time, MYR's Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The MYR's current Enterprise Value Multiple is estimated to increase to 22.29, while Tax Provision is projected to decrease to roughly 22.2 M.
 2022 2023 2024 2025 (projected)
Interest Expense3.6M4.9M5.7M6.0M
Depreciation And Amortization58.2M59.1M68.0M71.4M

MYR fundamental ratios Correlations

0.370.90.990.980.980.380.980.041.00.770.040.99-0.770.880.50.81-0.090.990.961.0-0.10.990.98-0.05-0.06
0.370.370.30.30.40.740.26-0.270.390.18-0.270.41-0.460.65-0.09-0.10.020.410.170.360.020.330.370.120.12
0.90.370.890.860.870.510.88-0.080.880.66-0.080.92-0.910.880.530.67-0.320.910.840.91-0.40.870.88-0.24-0.25
0.990.30.890.970.970.340.980.040.990.770.040.99-0.740.860.520.84-0.110.990.970.99-0.10.990.98-0.09-0.1
0.980.30.860.970.990.230.990.160.980.770.160.96-0.690.80.540.80.030.950.960.980.00.960.930.070.06
0.980.40.870.970.990.330.970.080.990.770.080.97-0.720.840.530.770.030.960.930.98-0.020.960.930.090.08
0.380.740.510.340.230.330.26-0.740.380.28-0.740.45-0.730.75-0.110.09-0.510.460.20.38-0.540.40.43-0.37-0.37
0.980.260.880.980.990.970.260.110.980.790.110.97-0.70.810.550.81-0.080.970.980.99-0.070.970.95-0.08-0.09
0.04-0.27-0.080.040.160.08-0.740.110.04-0.171.0-0.050.35-0.290.230.160.63-0.040.150.030.51-0.03-0.030.490.5
1.00.390.880.990.980.990.380.980.040.760.040.99-0.750.880.490.8-0.050.990.950.99-0.080.980.970.0-0.01
0.770.180.660.770.770.770.280.79-0.170.76-0.170.78-0.520.670.440.61-0.120.750.770.77-0.130.790.7-0.18-0.18
0.04-0.27-0.080.040.160.08-0.740.111.00.04-0.17-0.050.35-0.290.230.160.63-0.040.150.030.51-0.03-0.030.490.5
0.990.410.920.990.960.970.450.97-0.050.990.78-0.05-0.820.910.480.77-0.161.00.941.0-0.160.980.97-0.12-0.13
-0.77-0.46-0.91-0.74-0.69-0.72-0.73-0.70.35-0.75-0.520.35-0.82-0.9-0.28-0.530.45-0.81-0.66-0.780.56-0.75-0.760.330.34
0.880.650.880.860.80.840.750.81-0.290.880.67-0.290.91-0.90.260.59-0.290.920.760.88-0.340.880.89-0.23-0.24
0.5-0.090.530.520.540.53-0.110.550.230.490.440.230.48-0.280.260.43-0.160.460.620.49-0.040.50.43-0.07-0.08
0.81-0.10.670.840.80.770.090.810.160.80.610.160.77-0.530.590.43-0.080.80.860.81-0.210.840.81-0.04-0.06
-0.090.02-0.32-0.110.030.03-0.51-0.080.63-0.05-0.120.63-0.160.45-0.29-0.16-0.08-0.16-0.1-0.110.75-0.13-0.180.860.86
0.990.410.910.990.950.960.460.97-0.040.990.75-0.041.0-0.810.920.460.8-0.160.940.99-0.170.990.99-0.12-0.13
0.960.170.840.970.960.930.20.980.150.950.770.150.94-0.660.760.620.86-0.10.940.96-0.080.970.93-0.1-0.11
1.00.360.910.990.980.980.380.990.030.990.770.031.0-0.780.880.490.81-0.110.990.96-0.120.990.98-0.08-0.09
-0.10.02-0.4-0.10.0-0.02-0.54-0.070.51-0.08-0.130.51-0.160.56-0.34-0.04-0.210.75-0.17-0.08-0.12-0.14-0.150.640.64
0.990.330.870.990.960.960.40.97-0.030.980.79-0.030.98-0.750.880.50.84-0.130.990.970.99-0.140.97-0.1-0.12
0.980.370.880.980.930.930.430.95-0.030.970.7-0.030.97-0.760.890.430.81-0.180.990.930.98-0.150.97-0.16-0.18
-0.050.12-0.24-0.090.070.09-0.37-0.080.490.0-0.180.49-0.120.33-0.23-0.07-0.040.86-0.12-0.1-0.080.64-0.1-0.161.0
-0.060.12-0.25-0.10.060.08-0.37-0.090.5-0.01-0.180.5-0.130.34-0.24-0.08-0.060.86-0.13-0.11-0.090.64-0.12-0.181.0
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MYR Account Relationship Matchups

MYR fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets995.9M1.1B1.4B1.6B1.8B1.9B
Short Long Term Debt Total52.1M25.5M74.5M73.6M84.6M88.9M
Other Current Liab86.1M106.7M91.3M115.0M132.2M138.8M
Total Current Liabilities443.4M498.6M667.0M747.2M859.3M902.2M
Total Stockholder Equity429.3M519.1M560.2M651.2M748.9M786.3M
Property Plant And Equipment Net207.4M217.1M263.7M304.0M349.6M367.1M
Net Debt29.4M(56.6M)23.5M48.7M56.0M58.8M
Retained Earnings270.5M355.0M404.9M492.5M566.4M594.7M
Cash22.7M82.1M51.0M24.9M28.6M25.0M
Non Current Assets Total359.2M372.7M508.6M552.5M635.4M667.1M
Non Currrent Assets Other4.3M4.1M(8.0M)39.3M45.2M47.5M
Cash And Short Term Investments22.7M82.1M51.0M24.9M28.6M25.0M
Net Receivables585.1M620.7M791.4M954.8M1.1B1.2B
Common Stock Shares Outstanding16.9M17.2M17.0M16.8M15.2M15.7M
Liabilities And Stockholders Equity995.9M1.1B1.4B1.6B1.8B1.9B
Non Current Liabilities Total123.2M103.4M171.7M214.1M246.3M258.6M
Other Current Assets28.9M45.6M47.8M46.5M53.5M56.2M
Other Stockholder Equity158.6M163.8M161.4M162.4M186.7M129.8M
Total Liab566.6M602.0M838.7M927.5M1.1B1.1B
Property Plant And Equipment Gross207.4M539.2M615.5M684.5M787.1M826.5M
Total Current Assets636.7M748.4M890.3M1.0B1.2B1.2B
Accumulated Other Comprehensive Income23K173K(6.3M)(3.9M)(4.5M)(4.7M)
Short Term Debt18.2M16.6M26.8M18.3M21.1M15.0M
Accounts Payable162.6M200.7M315.3M359.4M413.3M433.9M
Intangible Assets51.4M49.1M87.6M83.5M96.0M100.8M
Common Stock165K166K167K168K150.3K149.9K
Other Liab72.3M82.4M86.7M113.1M130.0M136.5M
Other Assets56.6M36.5M37.7M33.8M38.9M40.8M
Property Plant Equipment185.3M207.4M217.1M263.7M303.3M154.9M
Long Term Debt25.0M3.5M35.5M29.2M33.6M38.5M
Net Tangible Assets243.5M311.9M404.0M356.8M410.3M285.6M
Current Deferred Revenue158.4M167.9M227.1M240.4M276.5M290.3M
Deferred Long Term Liab600K1.4M1.1M500K450K427.5K
Non Current Liabilities Other18.6M11.3M16.0M25.0M28.8M30.2M
Short Long Term Debt4.4M1.0M5.1M7.1M6.3M6.0M

Currently Active Assets on Macroaxis

When determining whether MYR Group is a strong investment it is important to analyze MYR's 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 MYR's future performance. For an informed investment choice regarding MYR Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYR Group. 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.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Construction & Engineering 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 MYR. If investors know MYR 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 MYR 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
(0.49)
Earnings Share
2.27
Revenue Per Share
212.925
Quarterly Revenue Growth
(0.06)
Return On Assets
0.022
The market value of MYR Group is measured differently than its book value, which is the value of MYR that is recorded on the company's balance sheet. Investors also form their own opinion of MYR's value that differs from its market value or its book value, called intrinsic value, which is MYR's 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 MYR's market value can be influenced by many factors that don't directly affect MYR's 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 MYR's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYR's 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.