Steel Net Income vs Free Cash Flow Analysis

STCN Stock

USD 12.24 0.03 0.24%

Steel Connect financial indicator trend analysis is much more than just breaking down Steel Connect prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steel Connect is a good investment. Please check the relationship between Steel Connect Net Income and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

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

The correlation between Steel Connect's Net Income and Free Cash Flow is 0.35. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Steel Connect, assuming nothing else is changed. The correlation between historical values of Steel Connect's Net Income 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 Net Income of Steel Connect 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 Net Income i.e., Steel Connect's Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Income

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

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 Steel Connect's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steel Connect 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 Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.At this time, Steel Connect's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.30, while Selling General Administrative is likely to drop about 35.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.1M	2.9M	996K	946.2K
Depreciation And Amortization	11.6M	2.8M	5.4M	5.1M

Interest Expense Depreciation And Amortization

Steel Connect 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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Gross	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.78	0.69	0.67	0.22	0.8	0.59	-0.18	0.14	0.21	0.89	0.56	0.23	0.12	0.33	0.77	0.02	0.41	0.17	0.78	0.38	0.22	0.83	0.81	-0.35	-0.26
Short Long Term Debt Total	0.78		0.89	0.74	-0.22	0.94	0.94	-0.42	0.06	-0.18	0.9	0.53	-0.25	-0.04	-0.13	0.99	-0.08	0.57	0.41	0.96	-0.12	0.21	0.93	0.95	0.08	0.3
Other Current Liab	0.69	0.89		0.77	-0.3	0.8	0.85	-0.53	0.23	-0.16	0.75	0.54	-0.17	0.03	-0.18	0.91	-0.07	0.46	0.53	0.92	-0.02	0.41	0.78	0.8	-0.02	0.31
Total Current Liabilities	0.67	0.74	0.77		-0.02	0.72	0.69	-0.8	0.7	-0.07	0.57	0.83	-0.1	0.42	-0.32	0.74	0.54	0.37	0.8	0.88	0.32	0.32	0.67	0.62	-0.4	0.26
Total Stockholder Equity	0.22	-0.22	-0.3	-0.02		-0.12	-0.34	0.3	0.19	0.45	-0.1	0.18	0.42	0.71	0.2	-0.24	0.28	-0.29	-0.29	-0.18	0.69	0.0	-0.12	-0.09	-0.48	-0.73
Property Plant And Equipment Net	0.8	0.94	0.8	0.72	-0.12		0.91	-0.41	0.06	-0.21	0.91	0.5	-0.3	0.04	-0.11	0.95	-0.04	0.58	0.4	0.93	-0.1	0.0	0.99	0.9	-0.04	0.2
Net Debt	0.59	0.94	0.85	0.69	-0.34	0.91		-0.49	0.05	-0.48	0.8	0.47	-0.55	-0.01	-0.38	0.95	-0.06	0.56	0.48	0.92	-0.35	0.04	0.88	0.89	0.24	0.52
Retained Earnings	-0.18	-0.42	-0.53	-0.8	0.3	-0.41	-0.49		-0.72	0.26	-0.14	-0.65	0.29	-0.33	0.58	-0.45	-0.61	-0.3	-1.0	-0.6	-0.1	-0.2	-0.33	-0.22	0.38	-0.49
Accounts Payable	0.14	0.06	0.23	0.7	0.19	0.06	0.05	-0.72		0.03	-0.13	0.65	0.06	0.69	-0.39	0.06	0.87	-0.13	0.73	0.29	0.56	0.28	0.0	-0.07	-0.57	0.14
Cash	0.21	-0.18	-0.16	-0.07	0.45	-0.21	-0.48	0.26	0.03		-0.1	0.09	0.92	0.02	0.62	-0.22	0.01	-0.09	-0.26	-0.18	0.67	0.26	-0.2	-0.21	-0.49	-0.69
Non Current Assets Total	0.89	0.9	0.75	0.57	-0.1	0.91	0.8	-0.14	-0.13	-0.1		0.36	-0.13	-0.15	0.22	0.89	-0.23	0.5	0.13	0.84	-0.08	0.06	0.94	0.95	0.01	0.02
Non Currrent Assets Other	0.56	0.53	0.54	0.83	0.18	0.5	0.47	-0.65	0.65	0.09	0.36		0.13	0.46	-0.29	0.55	0.55	0.28	0.65	0.68	0.49	0.25	0.45	0.41	-0.39	0.16
Cash And Short Term Investments	0.23	-0.25	-0.17	-0.1	0.42	-0.3	-0.55	0.29	0.06	0.92	-0.13	0.13		-0.02	0.69	-0.28	0.01	-0.13	-0.29	-0.24	0.77	0.39	-0.25	-0.28	-0.51	-0.7
Net Receivables	0.12	-0.04	0.03	0.42	0.71	0.04	-0.01	-0.33	0.69	0.02	-0.15	0.46	-0.02		-0.42	-0.03	0.64	-0.2	0.34	0.13	0.57	0.06	-0.02	-0.04	-0.5	-0.22
Common Stock Shares Outstanding	0.33	-0.13	-0.18	-0.32	0.2	-0.11	-0.38	0.58	-0.39	0.62	0.22	-0.29	0.69	-0.42		-0.17	-0.38	-0.11	-0.59	-0.24	0.3	0.08	-0.01	0.01	-0.27	-0.73
Non Current Liabilities Total	0.77	0.99	0.91	0.74	-0.24	0.95	0.95	-0.45	0.06	-0.22	0.89	0.55	-0.28	-0.03	-0.17		-0.09	0.63	0.44	0.97	-0.13	0.13	0.94	0.92	0.07	0.32
Inventory	0.02	-0.08	-0.07	0.54	0.28	-0.04	-0.06	-0.61	0.87	0.01	-0.23	0.55	0.01	0.64	-0.38	-0.09		-0.12	0.62	0.13	0.5	0.09	-0.09	-0.17	-0.56	0.1
Other Current Assets	0.41	0.57	0.46	0.37	-0.29	0.58	0.56	-0.3	-0.13	-0.09	0.5	0.28	-0.13	-0.2	-0.11	0.63	-0.12		0.29	0.58	-0.11	-0.12	0.57	0.45	-0.02	0.18
Other Stockholder Equity	0.17	0.41	0.53	0.8	-0.29	0.4	0.48	-1.0	0.73	-0.26	0.13	0.65	-0.29	0.34	-0.59	0.44	0.62	0.29		0.59	0.11	0.2	0.33	0.22	-0.38	0.49
Total Liab	0.78	0.96	0.92	0.88	-0.18	0.93	0.92	-0.6	0.29	-0.18	0.84	0.68	-0.24	0.13	-0.24	0.97	0.13	0.58	0.59		0.02	0.2	0.9	0.88	-0.09	0.32
Total Current Assets	0.38	-0.12	-0.02	0.32	0.69	-0.1	-0.35	-0.1	0.56	0.67	-0.08	0.49	0.77	0.57	0.3	-0.13	0.5	-0.11	0.11	0.02		0.38	-0.09	-0.17	-0.79	-0.63
Short Term Debt	0.22	0.21	0.41	0.32	0.0	0.0	0.04	-0.2	0.28	0.26	0.06	0.25	0.39	0.06	0.08	0.13	0.09	-0.12	0.2	0.2	0.38		0.0	0.1	-0.21	-0.05
Property Plant And Equipment Gross	0.83	0.93	0.78	0.67	-0.12	0.99	0.88	-0.33	0.0	-0.2	0.94	0.45	-0.25	-0.02	-0.01	0.94	-0.09	0.57	0.33	0.9	-0.09	0.0		0.91	-0.03	0.15
Intangible Assets	0.81	0.95	0.8	0.62	-0.09	0.9	0.89	-0.22	-0.07	-0.21	0.95	0.41	-0.28	-0.04	0.01	0.92	-0.17	0.45	0.22	0.88	-0.17	0.1	0.91		0.11	0.16
Common Stock Total Equity	-0.35	0.08	-0.02	-0.4	-0.48	-0.04	0.24	0.38	-0.57	-0.49	0.01	-0.39	-0.51	-0.5	-0.27	0.07	-0.56	-0.02	-0.38	-0.09	-0.79	-0.21	-0.03	0.11		0.59
Common Stock	-0.26	0.3	0.31	0.26	-0.73	0.2	0.52	-0.49	0.14	-0.69	0.02	0.16	-0.7	-0.22	-0.73	0.32	0.1	0.18	0.49	0.32	-0.63	-0.05	0.15	0.16	0.59

Click cells to compare fundamentals

Steel Connect Account Relationship Matchups

Steel Connect fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	759.2M	676.4M	137.7M	411.2M	485.6M	680.6M
Short Long Term Debt Total	436.6M	425.8M	30.5M	39.6M	34.0M	32.3M
Other Current Liab	151.5M	115.8M	34.3M	19.9M	24.5M	23.3M
Total Current Liabilities	249.9M	218.0M	83.8M	67.8M	75.1M	71.3M
Total Stockholder Equity	84.0M	41.4M	26.0M	306.4M	154.2M	146.5M
Property Plant And Equipment Net	135.8M	109.7M	23.2M	30.8M	26.3M	25.0M
Net Debt	360.7M	328.8M	(22.7M)	(81.8M)	(214.7M)	(203.9M)
Retained Earnings	(7.4B)	(7.5B)	(7.5B)	7.6M	93.5M	98.1M
Accounts Payable	70.0M	29.8M	30.6M	26.5M	25.2M	24.0M
Cash	75.9M	96.9M	53.1M	121.4M	248.6M	135.1M
Non Current Assets Total	535.6M	463.0M	27.9M	91.9M	189.8M	315.9M
Non Currrent Assets Other	7.4M	6.8M	3.9M	3.7M	3.1M	2.9M
Cash And Short Term Investments	75.9M	96.9M	53.1M	121.4M	248.6M	232.5M
Net Receivables	93.1M	37.2M	40.1M	183.1M	33.4M	31.8M
Common Stock Shares Outstanding	6.6M	6.7M	6.4M	6.3M	28.6M	30.0M
Liabilities And Stockholders Equity	759.2M	676.4M	137.7M	411.2M	485.6M	680.6M
Non Current Liabilities Total	425.2M	417.0M	28.0M	37.1M	18.7M	17.7M
Inventory	15.4M	16.2M	8.2M	8.6M	6.7M	6.4M
Other Current Assets	20.5M	109.7M	8.5M	6.2M	7.0M	6.7M
Other Stockholder Equity	7.5B	7.5B	7.5B	61.5M	(175.6M)	(166.8M)
Total Liab	675.2M	635.0M	111.8M	104.8M	93.7M	89.0M
Total Current Assets	223.5M	213.4M	109.8M	319.3M	295.8M	364.6M
Short Term Debt	19.8M	15.2M	12.9M	15.9M	21.2M	32.5M
Property Plant And Equipment Gross	135.8M	109.7M	23.2M	31.3M	28.1M	47.2M
Accumulated Other Comprehensive Income	3.8M	7.2M	4.1M	(587K)	(1.5M)	(1.4M)
Intangible Assets	135.3M	115.0M	4.7M	34.6M	31.0M	29.5M
Common Stock Total Equity	608K	618K	628K	605K	544.5K	517.3K
Common Stock	628K	632K	605K	65K	58.5K	55.6K
Other Liab	10.9M	8.5M	10.5M	4.0M	3.6M	3.4M
Other Assets	7.3M	7.4M	6.8M	4.7M	4.3M	4.0M
Long Term Debt	373.5M	367.5M	11.0M	12.5M	14.3M	13.6M
Property Plant Equipment	91.3M	135.8M	109.7M	3.5M	3.2M	3.0M
Current Deferred Revenue	8.6M	13.5M	2.7M	2.6M	2.3M	2.2M
Net Tangible Assets	(331.8M)	(343.6M)	(340.3M)	1.6M	1.4M	1.5M
Retained Earnings Total Equity	(7.4B)	(7.4B)	(7.4B)	(7.5B)	(6.7B)	(7.1B)
Long Term Debt Total	447.6M	375.9M	373.5M	11.0M	12.7M	12.1M
Capital Surpluse	7.5B	7.5B	7.5B	7.5B	8.6B	8.2B

Pair Trading with Steel Connect

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

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

The correlation of Steel Connect 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 Steel Connect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Connect 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 Steel Connect 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 Steel Connect offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Steel Connect's 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 Steel Connect Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Steel Connect Stock:

How To Invest In Steel

Details

Is Steel Stock a good investment?

Details

What is Steel Connect's Net Worth?

Details

Largest Commercial & Professional Services Companies

View

Largest Industrials Companies

View

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Is Data Processing & Outsourced 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 Steel Connect. If investors know Steel 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 Steel Connect 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

(0.20)

Earnings Share

3.11

Revenue Per Share

28.001

Quarterly Revenue Growth

0.124

Return On Assets

0.0104

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

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

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Steel Net Income vs Free Cash Flow Analysis

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Net Income

Free Cash Flow

Steel Connect fundamental ratios Correlations

Steel Connect Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Steel Connect fundamental ratios Accounts

Pair Trading with Steel Connect

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.97	Non Current Liabilities Total
Total Liab	+ 0.96	Short Long Term Debt Total
Intangible Assets	+ 0.95	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.95	Property Plant And Equipment Net

Other Stockholder Equity	- 1.0	Retained Earnings
Retained Earnings	- 0.8	Total Current Liabilities
Common Stock Total Equity	- 0.79	Total Current Assets
Common Stock	- 0.73	Common Stock Shares Outstanding
Common Stock	- 0.73	Total Stockholder Equity
Accounts Payable	- 0.72	Retained Earnings