Alcoa Depreciation vs Free Cash Flow Analysis

AA Stock

USD 36.14 0.61 1.72%

Alcoa Corp financial indicator trend analysis is way more than just evaluating Alcoa Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Corp is a good investment. Please check the relationship between Alcoa Corp Depreciation and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. 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.

For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Corp Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Alcoa Corp's Depreciation and Free Cash Flow is -0.22. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Alcoa Corp, assuming nothing else is changed. The correlation between historical values of Alcoa Corp's Depreciation 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 Depreciation of Alcoa Corp 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 Depreciation i.e., Alcoa Corp's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Depreciation

Depreciation indicates how much of Alcoa Corp value has been used up. For tax purposes Alcoa Corp can deduct the cost of the tangible assets it purchases as business expenses. However, Alcoa Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

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 Alcoa Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. 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.

For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.At present, Alcoa Corp's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 42.82, whereas Tax Provision is forecasted to decline to about 206.5 M.

	2022	2023	2024	2025 (projected)
Interest Expense	106M	107M	156M	145.6M
Depreciation And Amortization	617M	632M	642M	592.1M

Interest Expense Depreciation And Amortization

Alcoa Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		-0.64	0.44	0.56	0.68	-0.45	0.33	-0.43	-0.53	-0.45	0.53	0.43	0.38	-0.55	0.44	-0.3	0.43	0.38	0.4	-0.8	-0.41	0.41	0.45	0.14	0.4	0.48
Total Assets	-0.64		-0.83	-0.77	-0.53	0.85	-0.43	0.82	0.96	0.85	-0.79	0.0	-0.71	0.96	-0.72	0.48	-0.82	-0.71	-0.27	0.92	0.8	-0.66	-0.64	-0.29	-0.82	-0.68
Short Long Term Debt Total	0.44	-0.83		0.8	0.57	-0.96	0.68	-0.95	-0.9	-0.67	0.8	-0.04	0.87	-0.91	0.89	-0.63	1.0	0.87	0.39	-0.67	-0.94	0.89	0.52	0.41	0.81	0.9
Other Current Liab	0.56	-0.77	0.8		0.66	-0.82	0.64	-0.79	-0.78	-0.53	0.68	0.06	0.69	-0.77	0.82	-0.42	0.77	0.69	0.31	-0.7	-0.78	0.77	0.44	0.38	0.72	0.8
Total Current Liabilities	0.68	-0.53	0.57	0.66		-0.58	0.5	-0.54	-0.6	-0.22	0.41	0.71	0.59	-0.6	0.72	-0.3	0.55	0.59	0.82	-0.62	-0.6	0.57	0.68	0.09	0.42	0.67
Total Stockholder Equity	-0.45	0.85	-0.96	-0.82	-0.58		-0.78	0.99	0.91	0.6	-0.75	0.04	-0.89	0.91	-0.94	0.52	-0.97	-0.89	-0.45	0.69	0.98	-0.94	-0.47	-0.23	-0.9	-0.94
Other Liab	0.33	-0.43	0.68	0.64	0.5	-0.78		-0.82	-0.5	-0.08	0.46	0.01	0.71	-0.49	0.83	-0.28	0.71	0.71	0.51	-0.38	-0.8	0.94	0.01	0.01	0.67	0.92
Net Tangible Assets	-0.43	0.82	-0.95	-0.79	-0.54	0.99	-0.82		0.88	0.55	-0.71	0.08	-0.9	0.88	-0.93	0.52	-0.96	-0.9	-0.44	0.67	0.98	-0.96	-0.4	-0.2	-0.9	-0.95
Property Plant And Equipment Net	-0.53	0.96	-0.9	-0.78	-0.6	0.91	-0.5	0.88		0.76	-0.7	-0.01	-0.85	1.0	-0.81	0.56	-0.89	-0.85	-0.37	0.84	0.88	-0.74	-0.67	-0.3	-0.87	-0.76
Current Deferred Revenue	-0.45	0.85	-0.67	-0.53	-0.22	0.6	-0.08	0.55	0.76		-0.81	0.08	-0.42	0.79	-0.37	0.51	-0.65	-0.42	0.1	0.74	0.51	-0.37	-0.61	-0.54	-0.48	-0.37
Net Debt	0.53	-0.79	0.8	0.68	0.41	-0.75	0.46	-0.71	-0.7	-0.81		0.04	0.46	-0.75	0.65	-0.36	0.79	0.46	0.24	-0.71	-0.72	0.67	0.48	0.43	0.54	0.67
Accounts Payable	0.43	0.0	-0.04	0.06	0.71	0.04	0.01	0.08	-0.01	0.08	0.04		-0.04	-0.04	0.14	0.17	-0.06	-0.04	0.67	-0.19	0.01	0.0	0.57	-0.1	-0.23	0.1
Cash	0.38	-0.71	0.87	0.69	0.59	-0.89	0.71	-0.9	-0.85	-0.42	0.46	-0.04		-0.83	0.83	-0.71	0.88	1.0	0.45	-0.62	-0.88	0.84	0.41	0.27	0.82	0.85
Non Current Assets Total	-0.55	0.96	-0.91	-0.77	-0.6	0.91	-0.49	0.88	1.0	0.79	-0.75	-0.04	-0.83		-0.81	0.57	-0.9	-0.83	-0.37	0.85	0.87	-0.73	-0.7	-0.32	-0.84	-0.75
Non Currrent Assets Other	0.44	-0.72	0.89	0.82	0.72	-0.94	0.83	-0.93	-0.81	-0.37	0.65	0.14	0.83	-0.81		-0.36	0.89	0.83	0.67	-0.6	-0.97	0.93	0.48	0.06	0.83	0.95
Other Assets	-0.3	0.48	-0.63	-0.42	-0.3	0.52	-0.28	0.52	0.56	0.51	-0.36	0.17	-0.71	0.57	-0.36		-0.61	-0.71	0.02	0.46	0.45	-0.45	-0.25	-0.57	-0.35	-0.45
Long Term Debt	0.43	-0.82	1.0	0.77	0.55	-0.97	0.71	-0.96	-0.89	-0.65	0.79	-0.06	0.88	-0.9	0.89	-0.61		0.88	0.41	-0.65	-0.95	0.91	0.5	0.38	0.82	0.91
Cash And Short Term Investments	0.38	-0.71	0.87	0.69	0.59	-0.89	0.71	-0.9	-0.85	-0.42	0.46	-0.04	1.0	-0.83	0.83	-0.71	0.88		0.45	-0.62	-0.88	0.84	0.41	0.27	0.82	0.85
Net Receivables	0.4	-0.27	0.39	0.31	0.82	-0.45	0.51	-0.44	-0.37	0.1	0.24	0.67	0.45	-0.37	0.67	0.02	0.41	0.45		-0.32	-0.56	0.51	0.49	-0.32	0.34	0.58
Good Will	-0.8	0.92	-0.67	-0.7	-0.62	0.69	-0.38	0.67	0.84	0.74	-0.71	-0.19	-0.62	0.85	-0.6	0.46	-0.65	-0.62	-0.32		0.65	-0.55	-0.58	-0.3	-0.65	-0.59
Common Stock Total Equity	-0.41	0.8	-0.94	-0.78	-0.6	0.98	-0.8	0.98	0.88	0.51	-0.72	0.01	-0.88	0.87	-0.97	0.45	-0.95	-0.88	-0.56	0.65		-0.94	-0.46	-0.12	-0.89	-0.94
Non Current Liabilities Total	0.41	-0.66	0.89	0.77	0.57	-0.94	0.94	-0.96	-0.74	-0.37	0.67	0.0	0.84	-0.73	0.93	-0.45	0.91	0.84	0.51	-0.55	-0.94		0.27	0.18	0.8	0.99
Inventory	0.45	-0.64	0.52	0.44	0.68	-0.47	0.01	-0.4	-0.67	-0.61	0.48	0.57	0.41	-0.7	0.48	-0.25	0.5	0.41	0.49	-0.58	-0.46	0.27		0.22	0.32	0.34
Other Current Assets	0.14	-0.29	0.41	0.38	0.09	-0.23	0.01	-0.2	-0.3	-0.54	0.43	-0.1	0.27	-0.32	0.06	-0.57	0.38	0.27	-0.32	-0.3	-0.12	0.18	0.22		0.04	0.18
Other Stockholder Equity	0.4	-0.82	0.81	0.72	0.42	-0.9	0.67	-0.9	-0.87	-0.48	0.54	-0.23	0.82	-0.84	0.83	-0.35	0.82	0.82	0.34	-0.65	-0.89	0.8	0.32	0.04		0.79
Total Liab	0.48	-0.68	0.9	0.8	0.67	-0.94	0.92	-0.95	-0.76	-0.37	0.67	0.1	0.85	-0.75	0.95	-0.45	0.91	0.85	0.58	-0.59	-0.94	0.99	0.34	0.18	0.79

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Alcoa Corp Account Relationship Matchups

Alcoa Corp fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	186M	190M	181M	178M	212.4M	205.1M
Total Assets	14.9B	15.0B	14.8B	14.2B	12.7B	12.7B
Short Long Term Debt Total	1.8B	2.6B	1.9B	1.9B	2.2B	1.7B
Other Current Liab	1.2B	1.1B	1.0B	1.1B	1.3B	1.1B
Total Current Liabilities	2.8B	3.2B	3.0B	3.0B	3.5B	3.2B
Total Stockholder Equity	3.3B	4.7B	5.1B	4.3B	3.8B	4.6B
Other Liab	4.3B	4.6B	3.8B	3.3B	3.8B	4.3B
Net Tangible Assets	3.9B	3.3B	4.6B	5.1B	4.6B	4.6B
Property Plant And Equipment Net	7.2B	6.6B	6.5B	6.8B	6.1B	6.6B
Current Deferred Revenue	91M	374M	230M	88M	79.2M	75.2M
Net Debt	1.0B	52M	503M	971M	1.1B	1.2B
Accounts Payable	1.4B	1.7B	1.8B	1.7B	2.0B	1.8B
Cash	1.6B	1.8B	1.4B	944M	1.1B	1.2B
Non Current Assets Total	10.3B	10B	9.5B	9.8B	8.8B	9.5B
Non Currrent Assets Other	1.3B	1.5B	1.4B	1.5B	1.7B	1.3B
Other Assets	1.7B	10.3M	(1M)	1.9B	1.7B	1.3B
Long Term Debt	2.5B	1.7B	1.8B	1.7B	2.0B	1.6B
Cash And Short Term Investments	1.6B	1.8B	1.4B	944M	1.1B	1.2B
Net Receivables	556M	884M	909M	808M	929.2M	870.4M
Good Will	150M	145M	144M	146M	131.4M	120.2M
Liabilities And Stockholders Equity	14.9B	15.0B	14.8B	14.2B	12.7B	12.7B
Non Current Liabilities Total	7.1B	5.5B	5.2B	5.3B	6.1B	5.9B
Inventory	1.4B	2.0B	2.4B	2.2B	2.5B	1.8B
Other Current Assets	959M	372M	551M	495M	569.3M	477.6M
Other Stockholder Equity	9.7B	9.6B	9.2B	9.2B	10.6B	9.2B
Total Liab	9.8B	8.7B	8.2B	8.3B	9.6B	9.1B
Long Term Investments	1.1B	1.2B	1.1B	979M	881.1M	1.0B
Property Plant And Equipment Gross	7.2B	19.8B	19.6B	20.4B	23.4B	13.5B
Total Current Assets	4.5B	5.0B	5.3B	4.4B	5.1B	4.4B
Accumulated Other Comprehensive Income	(5.6B)	(4.6B)	(3.5B)	(3.6B)	(3.3B)	(3.4B)
Intangible Assets	45M	36M	29M	37M	33.3M	46.1M
Property Plant Equipment	8.0B	7.2B	6.6B	6.5B	5.8B	6.8B
Long Term Debt Total	1.8B	2.5B	1.7B	1.8B	2.1B	1.7B
Noncontrolling Interest In Consolidated Entity	1.8B	1.7B	1.6B	1.5B	1.4B	1.5B
Retained Earnings	(725M)	(315M)	(570M)	(1.3B)	(1.2B)	(1.1B)
Retained Earnings Total Equity	(555M)	(725M)	(315M)	(570M)	(513M)	(487.4M)

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. 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.

For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

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Is Metals & Mining 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 Alcoa Corp. If investors know Alcoa 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 Alcoa 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

0.81

Earnings Share

0.26

Revenue Per Share

57.238

Quarterly Revenue Growth

0.116

Return On Assets

0.0186

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

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Alcoa Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

Alcoa Corp fundamental ratios Correlations

Alcoa Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alcoa Corp fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.99	Non Current Liabilities Total
Common Stock Total Equity	+ 0.98	Total Stockholder Equity

Common Stock Total Equity	- 0.97	Non Currrent Assets Other
Long Term Debt	- 0.97	Total Stockholder Equity
Non Current Liabilities Total	- 0.96	Net Tangible Assets
Long Term Debt	- 0.96	Net Tangible Assets
Total Stockholder Equity	- 0.96	Short Long Term Debt Total
Common Stock Total Equity	- 0.95	Long Term Debt