Envela Working Capital

ELA
 Stock
  

USD 7.11  0.13  1.86%   

Envela Corp fundamentals help investors to digest information that contributes to Envela Corp's financial success or failures. It also enables traders to predict the movement of Envela Stock. The fundamental analysis module provides a way to measure Envela Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Envela Corp stock. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Refresh
The current year Working Capital is expected to grow to about 26.5 M. The current year Invested Capital is expected to grow to about 60.8 M.

Envela Working Capital Analysis

Envela Corp's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Envela Corp Working Capital

26.51 Million

Working Capital 
 = 
Current Assets 
Current Liabilities 
More About Working Capital | All Equity Analysis

Current Envela Corp Working Capital

    
  100.85 M  
Most of Envela Corp's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Envela Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Envela Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Envela Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Working Capital. Since Envela Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Envela Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Envela Corp's interrelated accounts and indicators.

Envela Working Capital Historical Pattern

Today, most investors in Envela Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Envela Corp's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's working capital growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Envela Corp working capital as a starting point in their analysis.
 Envela Corp Working Capital 
Share
      Timeline 
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Compare to competition

Envela Capital Expenditure

Capital Expenditure

(3.22 Million)

Envela Corp Capital Expenditure is projected to decrease significantly based on the last few years of reporting. The past year's Capital Expenditure was at (3.14 Million)
According to the company's disclosures, Envela Corp has a Working Capital of 100.85 M. This is 98.31% lower than that of the Consumer Cyclical sector and 85.94% lower than that of the Luxury Goods industry. The working capital for all United States stocks is 93.18% higher than that of the company.

Envela Working Capital Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Envela Corp's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Envela Corp could also be used in its relative valuation, which is a method of valuing Envela Corp by comparing valuation metrics of similar companies.
Envela Corp is currently under evaluation in working capital category among related companies.

Envela Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Envela Corp from analyzing Envela Corp's financial statements. These drivers represent accounts that assess Envela Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Envela Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets12.55 M12.95 M23.4 M33.47 M49.27 M39.91 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.36 M1.15 M3.81 M7.82 M11.79 M12.72 M
Earnings Before Interest Taxes and Depreciation Amortization USD2.36 M1.15 M3.81 M7.82 M11.79 M12.72 M
Earnings before Tax1.84 M718.36 K2.88 M6.47 M10.16 M10.96 M
Average Equity6.82 M8.19 M9.93 M14.7 M23.45 M18.87 M
Enterprise Value24.46 M11.9 M47.55 M150.36 M121.77 M131.38 M
Free Cash Flow(128.56 K)250.09 K(645.82 K)1.03 M(333.65 K)(342.43 K)
Invested Capital6.49 M6.73 M26.18 M41.17 M56.35 M60.8 M
Invested Capital Average6.12 M7.1 M23.9 M33.48 M48.25 M52.06 M
Market Capitalization25.07 M12.38 M36.35 M140.01 M109.58 M118.23 M
Tangible Asset Value13.31 M12.78 M22.24 M36.22 M50.1 M39.77 M
Working Capital5.33 M6.79 M13.54 M17.46 M24.57 M26.51 M

Envela Fundamentals

About Envela Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Envela Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Envela Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Envela Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Working Capital24.6 M26.5 M
Invested Capital56.4 M60.8 M
Invested Capital Average48.3 M52.1 M
Market Capitalization109.6 M118.2 M
Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. Envela Corporation was incorporated in 1965 and is headquartered in Irving, Texas. Envela Corp operates under Luxury Goods classification in the United States and is traded on NYSEMKT Exchange. It employs 256 people.

Envela Corp Investors Sentiment

The influence of Envela Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Envela. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Envela Corp's public news can be used to forecast risks associated with investment in Envela. The trend in average sentiment can be used to explain how an investor holding Envela can time the market purely based on public headlines and social activities around Envela Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Envela Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Envela Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Envela Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Envela Corp.

Envela Corp Implied Volatility

    
  62.4  
Envela Corp's implied volatility exposes the market's sentiment of Envela Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Envela Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Envela Corp stock will not fluctuate a lot when Envela Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Envela Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Envela Corp's short interest history, or implied volatility extrapolated from Envela Corp options trading.

Current Sentiment - ELA

Envela Corp Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Envela Corp. What is your opinion about investing in Envela Corp? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Pair Trading with Envela Corp

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

Envela Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.
The correlation of Envela Corp is a statistical measure of how it moves in relation to other equities. 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela Corp 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 Envela Corp 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
Continue to Envela Corp Piotroski F Score and Envela Corp Altman Z Score analysis. Note that the Envela Corp information on this page should be used as a complementary analysis to other Envela Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try CEO Directory module to screen CEOs from public companies around the world.

Complementary Tools for Envela Stock analysis

When running Envela Corp price analysis, check to measure Envela Corp'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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Is Envela Corp's industry 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 Envela Corp. If investors know Envela 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 Envela Corp 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 YOY
0.41
Market Capitalization
187.9 M
Quarterly Revenue Growth YOY
0.86
Return On Assets
0.13
Return On Equity
0.43
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Envela Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.