Precision Free Cash Flow from 2010 to 2026
| PD Stock | CAD 120.71 1.89 1.54% |
Free Cash Flow | First Reported 1995-06-30 | Previous Quarter 6.5 M | Current Value 44.7 M | Quarterly Volatility 89.2 M |
Check Precision Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Precision Drilling's main balance sheet or income statement drivers, such as Depreciation And Amortization of 241.4 M, Interest Expense of 54.3 M or Selling General Administrative of 113.7 M, as well as many indicators such as Price To Sales Ratio of 0.68, Dividend Yield of 0.032 or PTB Ratio of 0.79. Precision financial statements analysis is a perfect complement when working with Precision Drilling Valuation or Volatility modules.
Precision | Free Cash Flow |
Evaluating Precision Drilling's Free Cash Flow across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Precision Drilling's fundamental strength.
Latest Precision Drilling's Free Cash Flow Growth Pattern
Below is the plot of the Free Cash Flow of Precision Drilling over the last few years. It is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Precision Drilling's Free Cash Flow historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Precision Drilling's overall financial position and show how it may be relating to other accounts over time.
| Free Cash Flow | 10 Years Trend |
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Free Cash Flow |
| Timeline |
Precision Free Cash Flow Regression Statistics
| Arithmetic Mean | 40,821,429 | |
| Geometric Mean | 102,761,454 | |
| Coefficient Of Variation | 380.73 | |
| Mean Deviation | 125,819,530 | |
| Median | 58,306,000 | |
| Standard Deviation | 155,418,254 | |
| Sample Variance | 24154.8T | |
| Range | 506.6M | |
| R-Value | 0.81 | |
| Mean Square Error | 8899T | |
| R-Squared | 0.65 | |
| Significance | 0.000084 | |
| Slope | 24,901,396 | |
| Total Sum of Squares | 386477.3T |
Precision Free Cash Flow History
About Precision Drilling Financial Statements
Precision Drilling investors utilize fundamental indicators, such as Free Cash Flow, to predict how Precision Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Free Cash Flow | 148.7 M | 156.1 M | |
| Free Cash Flow Yield | 0.11 | 0.12 | |
| Free Cash Flow Per Share | 11.15 | 11.71 | |
| EV To Free Cash Flow | 13.58 | 14.26 | |
| Price To Free Cash Flows Ratio | 8.83 | 9.27 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.36 | 0.38 |
Pair Trading with Precision Drilling
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 Precision Drilling 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 Precision Drilling will appreciate offsetting losses from the drop in the long position's value.Moving together with Precision Stock
| 0.89 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.8 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.89 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Precision Stock
| 0.87 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.87 | MSFT | Microsoft CDR | PairCorr |
| 0.84 | SAGE | Sage Potash Corp Earnings Call This Week | PairCorr |
| 0.7 | ENS-PA | E Split Corp | PairCorr |
| 0.48 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling 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 Precision Drilling - 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 Precision Drilling to buy it.
The correlation of Precision Drilling 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 Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling 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 Precision Drilling 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.Check out the analysis of Precision Drilling Correlation against competitors. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.