Smartsheet Free Cash Flow vs Ev To Free Cash Flow Analysis

SMAR Stock  USD 55.99  0.02  0.04%   
Smartsheet financial indicator trend analysis is much more than just breaking down Smartsheet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smartsheet is a good investment. Please check the relationship between Smartsheet Free Cash Flow and its Ev To Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smartsheet. 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 Smartsheet Stock, please use our How to Invest in Smartsheet guide.

Free Cash Flow vs Ev To Free Cash Flow

JavaScript chart by amCharts 3.21.15201420162018202020222024-20M020M40M60M80M100M120M140M160M -350-300-250-200-150-100-50050100150200250300350400450500550
JavaScript chart by amCharts 3.21.15Free Cash Flowtotal: 181.4MEv To Free Cash Flowtotal: -1.5K

Free Cash Flow vs Ev To Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smartsheet Free Cash Flow account and Ev To Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.
Free Cash FlowEv To Free Cash FlowDiversified AwayFree Cash FlowEv To Free Cash FlowDiversified Away100%
The correlation between Smartsheet's Free Cash Flow and Ev To Free Cash Flow is 0.41. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Ev To Free Cash Flow in the same time period over historical financial statements of Smartsheet, assuming nothing else is changed. The correlation between historical values of Smartsheet's Free Cash Flow and Ev To 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 Free Cash Flow of Smartsheet are associated (or correlated) with its Ev To Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Free Cash Flow has no effect on the direction of Free Cash Flow i.e., Smartsheet's Free Cash Flow and Ev To Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Free Cash Flow

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

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.
Most indicators from Smartsheet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smartsheet 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Smartsheet. 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 Smartsheet Stock, please use our How to Invest in Smartsheet guide.At this time, Smartsheet's Selling General Administrative is relatively stable compared to the past year. As of 12/23/2024, Tax Provision is likely to grow to about 8.9 M, while Sales General And Administrative To Revenue is likely to drop 0.14.
 2021 2022 2023 2024 (projected)
Gross Profit434.4M601.6M771.9M810.5M
Total Revenue550.8M766.9M958.3M1.0B

Smartsheet fundamental ratios Correlations

0.970.890.980.720.94-0.90.40.830.90.880.970.620.990.910.89-0.380.990.880.790.90.950.86-0.80.980.88
0.970.910.930.620.87-0.930.350.730.920.90.950.70.970.920.92-0.420.970.790.680.80.870.89-0.70.940.91
0.890.910.840.60.76-1.00.280.641.01.00.910.860.881.01.0-0.720.880.740.60.740.811.0-0.620.891.0
0.980.930.840.750.97-0.840.540.920.850.820.950.530.980.870.84-0.340.980.880.870.930.970.8-0.890.940.82
0.720.620.60.750.69-0.60.320.710.610.60.650.310.710.630.61-0.220.690.810.740.730.760.57-0.690.750.59
0.940.870.760.970.69-0.760.640.940.770.730.870.460.960.790.77-0.270.950.810.850.90.930.72-0.920.870.75
-0.9-0.93-1.0-0.84-0.6-0.76-0.24-0.62-1.0-1.0-0.92-0.86-0.88-0.99-1.00.68-0.89-0.75-0.59-0.74-0.81-0.990.59-0.91-1.0
0.40.350.280.540.320.64-0.240.680.290.220.320.220.490.30.29-0.160.480.180.50.40.430.24-0.710.240.28
0.830.730.640.920.710.94-0.620.680.650.610.790.270.850.690.65-0.220.840.80.960.910.920.59-1.00.780.63
0.90.921.00.850.610.77-1.00.290.651.00.920.860.881.01.0-0.70.890.750.610.750.820.99-0.630.91.0
0.880.91.00.820.60.73-1.00.220.611.00.910.860.860.991.0-0.720.860.750.590.730.81.0-0.590.891.0
0.970.950.910.950.650.87-0.920.320.790.920.910.640.950.930.92-0.440.960.890.790.910.940.89-0.740.980.9
0.620.70.860.530.310.46-0.860.220.270.860.860.640.620.830.86-0.850.630.340.170.350.440.89-0.260.590.88
0.990.970.880.980.710.96-0.880.490.850.880.860.950.620.90.88-0.371.00.830.780.880.930.85-0.820.940.87
0.910.921.00.870.630.79-0.990.30.691.00.990.930.830.91.0-0.690.90.780.650.790.840.99-0.660.911.0
0.890.921.00.840.610.77-1.00.290.651.01.00.920.860.881.0-0.70.890.750.610.750.811.0-0.630.91.0
-0.38-0.42-0.72-0.34-0.22-0.270.68-0.16-0.22-0.7-0.72-0.44-0.85-0.37-0.69-0.7-0.39-0.21-0.17-0.24-0.3-0.750.23-0.37-0.74
0.990.970.880.980.690.95-0.890.480.840.890.860.960.631.00.90.89-0.390.830.780.880.930.85-0.820.950.87
0.880.790.740.880.810.81-0.750.180.80.750.750.890.340.830.780.75-0.210.830.880.950.950.71-0.750.940.72
0.790.680.60.870.740.85-0.590.50.960.610.590.790.170.780.650.61-0.170.780.880.940.930.55-0.940.790.58
0.90.80.740.930.730.9-0.740.40.910.750.730.910.350.880.790.75-0.240.880.950.940.990.7-0.870.910.72
0.950.870.810.970.760.93-0.810.430.920.820.80.940.440.930.840.81-0.30.930.950.930.990.77-0.880.950.79
0.860.891.00.80.570.72-0.990.240.590.991.00.890.890.850.991.0-0.750.850.710.550.70.77-0.570.871.0
-0.8-0.7-0.62-0.89-0.69-0.920.59-0.71-1.0-0.63-0.59-0.74-0.26-0.82-0.66-0.630.23-0.82-0.75-0.94-0.87-0.88-0.57-0.73-0.6
0.980.940.890.940.750.87-0.910.240.780.90.890.980.590.940.910.9-0.370.950.940.790.910.950.87-0.730.88
0.880.911.00.820.590.75-1.00.280.631.01.00.90.880.871.01.0-0.740.870.720.580.720.791.0-0.60.88
Click cells to compare fundamentals

Smartsheet Account Relationship Matchups

Smartsheet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets797.7M911.8M1.0B1.1B1.3B694.9M
Other Current Liab52.1M48.1M67.6M76.6M91.7M53.2M
Total Current Liabilities233.2M307.7M437.4M574.7M695.9M730.6M
Total Stockholder Equity514.1M526.9M504.8M485.7M605.9M342.7M
Other Liab837K5.2M2.4M2.3M2.7M2.1M
Net Tangible Assets482.4M347.2M335.1M343.2M394.7M205.2M
Retained Earnings(256.5M)(371.4M)(542.5M)(758.2M)(862.8M)(819.7M)
Accounts Payable7.7M2.9M1.5M2.1M2.9M3.4M
Cash515.9M442.2M449.1M223.2M282.1M271.1M
Other Assets50.5M64.0M94.5M125.0M143.7M150.9M
Net Receivables56.9M102.6M151.1M198.6M238.7M250.6M
Common Stock Shares Outstanding113.0M120.7M125.6M130.1M134.5M119.1M
Other Stockholder Equity1.0B898.4M1.0B1.2B1.5B758.3M
Total Liab283.7M384.9M498.1M624.6M731.6M768.2M
Deferred Long Term Liab48.3M60.5M91.3M121.8M140.1M147.1M
Total Current Assets631.0M558.4M634.6M710.1M931.9M471.9M
Intangible Assets15.2M54.1M44.1M39.1M28.0M22.5M
Property Plant Equipment84.6M109.7M104.0M39.4M45.3M53.3M
Short Long Term Debt Total65.1M89.0M76.2M66.8M49.8M50.2M
Property Plant And Equipment Net84.6M109.7M104.0M93.7M81.8M71.8M
Current Deferred Revenue158.0M222.7M332.3M457.5M568.7M597.1M
Net Debt(450.9M)(353.2M)(372.8M)(156.4M)(232.3M)(243.9M)
Non Current Assets Total166.8M353.4M368.2M400.1M405.6M249.0M
Non Currrent Assets Other50.5M64.0M94.5M125.0M154.3M162.0M
Cash And Short Term Investments566.5M442.2M449.1M456.4M628.8M391.4M
Liabilities And Stockholders Equity797.7M911.8M1.0B1.1B1.3B775.7M
Non Current Liabilities Total50.4M77.1M60.6M49.9M35.8M39.8M
Capital Surpluse770.5M898.4M1.0B1.2B1.4B1.5B
Capital Lease Obligations65.1M89.0M76.2M66.8M49.8M50.2M
Other Current Assets7.6M13.4M33.8M55.1M64.4M67.6M
Property Plant And Equipment Gross84.6M109.7M104.0M93.7M110.1M75.7M
Accumulated Other Comprehensive Income(256.5M)(371.4M)(542.5M)101K(146K)(153.3K)
Non Current Liabilities Other50.4M3.9M58.2M47.6M434K412.3K
Short Term Debt15.5M34.1M36.0M38.4M32.5M22.7M
Good Will5.5M16.5M125.6M142.4M141.5M87.6M
Net Invested Capital514.1M526.9M504.8M485.7M605.9M428.0M
Net Working Capital397.7M250.6M197.2M135.4M236.0M208.5M
Retained Earnings Total Equity(256.5M)(371.4M)(542.5M)(758.2M)(682.4M)(648.2M)

Pair Trading with Smartsheet

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

Moving against Smartsheet Stock

  0.4VTEX VTEXPairCorr
The ability to find closely correlated positions to Smartsheet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smartsheet 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 Smartsheet - 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 Smartsheet to buy it.
The correlation of Smartsheet 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 Smartsheet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smartsheet 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 Smartsheet 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 CorrelationCorrelation Matching

Additional Tools for Smartsheet Stock Analysis

When running Smartsheet's price analysis, check to measure Smartsheet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smartsheet is operating at the current time. Most of Smartsheet's value examination focuses on studying past and present price action to predict the probability of Smartsheet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smartsheet's price. Additionally, you may evaluate how the addition of Smartsheet to your portfolios can decrease your overall portfolio volatility.