Air Book Value Per Share vs Free Cash Flow Per Share Analysis

AC Stock

CAD 22.59 2.33 9.35%

Air Canada financial indicator trend analysis is way more than just evaluating Air Canada prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air Canada is a good investment. Please check the relationship between Air Canada Book Value Per Share and its Free Cash Flow Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Book Value Per Share vs Free Cash Flow Per Share

Book Value Per Share vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Canada Book Value Per Share account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have weak relationship.

The correlation between Air Canada's Book Value Per Share and Free Cash Flow Per Share is 0.33. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Air Canada, assuming nothing else is changed. The correlation between historical values of Air Canada's Book Value Per Share and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Air Canada are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Book Value Per Share i.e., Air Canada's Book Value Per Share and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

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

At this time, Air Canada's Selling General Administrative is very stable compared to the past year. As of the 17th of December 2024, Enterprise Value Over EBITDA is likely to grow to 3.84, while Tax Provision is likely to drop (67.2 M).

	2021	2022	2023	2024 (projected)
Interest Expense	732M	896M	930M	976.5M
Depreciation And Amortization	1.6B	1.6B	1.7B	879.0M

Interest Expense Depreciation And Amortization

Air Canada 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Short Term Investments	Current Deferred Revenue
Total Assets		0.94	-0.11	0.8	0.5	0.96	0.91	0.23	0.86	1.0	0.76	0.88	0.6	0.83	0.61	0.93	0.4	-0.05	-0.24	0.96	0.78	0.98	0.85	0.96	0.82	0.86
Short Long Term Debt Total	0.94		-0.28	0.74	0.3	0.89	0.98	0.02	0.84	0.91	0.64	0.87	0.5	0.75	0.77	0.94	0.31	-0.07	-0.37	0.95	0.8	0.97	0.83	0.87	0.8	0.82
Other Current Liab	-0.11	-0.28		-0.33	0.45	-0.01	-0.34	0.63	-0.22	-0.06	-0.03	-0.36	-0.18	-0.25	-0.46	-0.3	-0.23	0.3	0.17	-0.28	-0.52	-0.23	-0.11	-0.19	-0.35	-0.27
Total Current Liabilities	0.8	0.74	-0.33		0.38	0.77	0.74	0.07	0.65	0.8	0.56	0.94	0.69	0.93	0.49	0.73	0.46	-0.01	-0.2	0.78	0.95	0.79	0.66	0.85	0.96	0.87
Total Stockholder Equity	0.5	0.3	0.45	0.38		0.64	0.26	0.94	0.14	0.53	0.36	0.37	0.35	0.26	0.05	0.16	0.05	0.58	-0.17	0.23	0.24	0.4	0.22	0.49	0.48	0.33
Property Plant And Equipment Net	0.96	0.89	-0.01	0.77	0.64		0.88	0.41	0.72	0.96	0.6	0.82	0.57	0.74	0.64	0.82	0.22	0.23	-0.43	0.87	0.71	0.93	0.78	0.9	0.81	0.82
Net Debt	0.91	0.98	-0.34	0.74	0.26	0.88		-0.01	0.79	0.88	0.54	0.83	0.53	0.72	0.83	0.91	0.28	-0.01	-0.44	0.93	0.8	0.94	0.81	0.85	0.78	0.83
Retained Earnings	0.23	0.02	0.63	0.07	0.94	0.41	-0.01		-0.14	0.28	0.13	0.04	0.17	-0.05	-0.12	-0.12	-0.11	0.68	-0.14	-0.05	-0.09	0.12	-0.02	0.21	0.17	0.07
Cash	0.86	0.84	-0.22	0.65	0.14	0.72	0.79	-0.14		0.85	0.81	0.8	0.29	0.83	0.47	0.95	0.33	-0.45	-0.04	0.92	0.69	0.86	0.88	0.79	0.62	0.65
Non Current Assets Total	1.0	0.91	-0.06	0.8	0.53	0.96	0.88	0.28	0.85		0.77	0.86	0.59	0.83	0.56	0.91	0.38	-0.03	-0.22	0.94	0.75	0.97	0.86	0.95	0.8	0.85
Non Currrent Assets Other	0.76	0.64	-0.03	0.56	0.36	0.6	0.54	0.13	0.81	0.77		0.66	0.43	0.68	0.06	0.74	0.66	-0.46	0.4	0.74	0.57	0.73	0.72	0.77	0.57	0.57
Cash And Short Term Investments	0.88	0.87	-0.36	0.94	0.37	0.82	0.83	0.04	0.8	0.86	0.66		0.53	0.93	0.57	0.85	0.36	-0.08	-0.26	0.87	0.95	0.89	0.75	0.87	0.96	0.81
Net Receivables	0.6	0.5	-0.18	0.69	0.35	0.57	0.53	0.17	0.29	0.59	0.43	0.53		0.54	0.36	0.45	0.77	0.0	0.05	0.56	0.63	0.6	0.33	0.74	0.66	0.85
Good Will	0.83	0.75	-0.25	0.93	0.26	0.74	0.72	-0.05	0.83	0.83	0.68	0.93	0.54		0.41	0.83	0.42	-0.25	-0.09	0.85	0.89	0.81	0.77	0.83	0.85	0.8
Common Stock Shares Outstanding	0.61	0.77	-0.46	0.49	0.05	0.64	0.83	-0.12	0.47	0.56	0.06	0.57	0.36	0.41		0.64	-0.03	0.15	-0.75	0.66	0.59	0.7	0.42	0.56	0.55	0.64
Non Current Liabilities Total	0.93	0.94	-0.3	0.73	0.16	0.82	0.91	-0.12	0.95	0.91	0.74	0.85	0.45	0.83	0.64		0.37	-0.31	-0.2	0.99	0.77	0.94	0.9	0.86	0.72	0.78
Inventory	0.4	0.31	-0.23	0.46	0.05	0.22	0.28	-0.11	0.33	0.38	0.66	0.36	0.77	0.42	-0.03	0.37		-0.49	0.6	0.43	0.47	0.41	0.27	0.57	0.42	0.6
Other Current Assets	-0.05	-0.07	0.3	-0.01	0.58	0.23	-0.01	0.68	-0.45	-0.03	-0.46	-0.08	0.0	-0.25	0.15	-0.31	-0.49		-0.64	-0.24	-0.12	-0.1	-0.19	-0.11	0.09	-0.07
Other Stockholder Equity	-0.24	-0.37	0.17	-0.2	-0.17	-0.43	-0.44	-0.14	-0.04	-0.22	0.4	-0.26	0.05	-0.09	-0.75	-0.2	0.6	-0.64		-0.21	-0.22	-0.28	-0.11	-0.12	-0.28	-0.19
Total Liab	0.96	0.95	-0.28	0.78	0.23	0.87	0.93	-0.05	0.92	0.94	0.74	0.87	0.56	0.85	0.66	0.99	0.43	-0.24	-0.21		0.8	0.97	0.89	0.92	0.77	0.86
Property Plant And Equipment Gross	0.78	0.8	-0.52	0.95	0.24	0.71	0.8	-0.09	0.69	0.75	0.57	0.95	0.63	0.89	0.59	0.77	0.47	-0.12	-0.22	0.8		0.81	0.63	0.82	0.95	0.84
Total Current Assets	0.98	0.97	-0.23	0.79	0.4	0.93	0.94	0.12	0.86	0.97	0.73	0.89	0.6	0.81	0.7	0.94	0.41	-0.1	-0.28	0.97	0.81		0.82	0.95	0.83	0.88
Short Term Debt	0.85	0.83	-0.11	0.66	0.22	0.78	0.81	-0.02	0.88	0.86	0.72	0.75	0.33	0.77	0.42	0.9	0.27	-0.19	-0.11	0.89	0.63	0.82		0.74	0.61	0.65
Accounts Payable	0.96	0.87	-0.19	0.85	0.49	0.9	0.85	0.21	0.79	0.95	0.77	0.87	0.74	0.83	0.56	0.86	0.57	-0.11	-0.12	0.92	0.82	0.95	0.74		0.86	0.93
Short Term Investments	0.82	0.8	-0.35	0.96	0.48	0.81	0.78	0.17	0.62	0.8	0.57	0.96	0.66	0.85	0.55	0.72	0.42	0.09	-0.28	0.77	0.95	0.83	0.61	0.86		0.84
Current Deferred Revenue	0.86	0.82	-0.27	0.87	0.33	0.82	0.83	0.07	0.65	0.85	0.57	0.81	0.85	0.8	0.64	0.78	0.6	-0.07	-0.19	0.86	0.84	0.88	0.65	0.93	0.84

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Air Canada Account Relationship Matchups

Air Canada fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.8B	28.9B	30.6B	29.5B	30.2B	17.0B
Short Long Term Debt Total	9.2B	13.0B	16.5B	16.3B	13.9B	7.2B
Other Current Liab	4.1B	2.5B	(501M)	(550M)	(495M)	(470.3M)
Total Current Liabilities	7.8B	7.1B	6.9B	9.4B	10.0B	10.5B
Total Stockholder Equity	4.4B	1.7B	9M	(1.6B)	796M	835.8M
Property Plant And Equipment Net	12.8B	12.1B	11.7B	12.0B	11.9B	8.1B
Net Debt	7.2B	9.3B	12.3B	13.6B	11.0B	5.6B
Retained Earnings	3.5B	(494M)	(2.8B)	(4.4B)	(2.0B)	(2.1B)
Cash	2.1B	3.7B	4.2B	2.7B	2.8B	1.5B
Non Current Assets Total	20.2B	20.2B	20.6B	19.8B	19.9B	11.9B
Non Currrent Assets Other	2.4B	3.1B	3.8B	2.6B	2.8B	1.7B
Cash And Short Term Investments	5.9B	7.5B	8.8B	8.0B	8.6B	9.0B
Net Receivables	926M	644M	691M	1.0B	1.1B	807.3M
Liabilities And Stockholders Equity	27.8B	28.9B	30.6B	29.5B	30.2B	17.0B
Non Current Liabilities Total	15.6B	20.1B	23.7B	21.7B	19.4B	11.7B
Inventory	212M	166M	224M	318M	337M	221.3M
Other Current Assets	489M	360M	169M	322M	251M	428.9M
Other Stockholder Equity	83M	98M	104M	118M	133M	126.4M
Total Liab	23.4B	27.2B	30.6B	31.1B	29.4B	16.7B
Property Plant And Equipment Gross	12.8B	12.1B	22.5B	23.6B	24.4B	25.6B
Total Current Assets	7.5B	8.7B	10.1B	9.7B	10.3B	5.1B
Short Term Debt	1.2B	1.8B	1.5B	1.8B	866M	799.1M
Accounts Payable	2.5B	2.5B	2.6B	2.7B	3.3B	1.9B
Accumulated Other Comprehensive Income	25M	(39M)	(45M)	(46M)	(57M)	(59.9M)
Short Term Investments	3.8B	3.8B	4.6B	5.3B	5.7B	6.0B
Current Deferred Revenue	4.1B	2.9B	3.3B	5.4B	5.8B	3.0B
Intangible Assets	1.0B	1.1B	1.1B	1.1B	1.1B	671.8M
Common Stock Total Equity	799M	798M	785M	2.2B	2.5B	2.6B
Common Stock	785M	2.2B	2.7B	2.7B	2.7B	1.5B
Other Liab	7.6B	8.9B	8.2B	6.7B	7.7B	5.9B
Net Tangible Assets	125M	(2.7B)	(4.3B)	(5.9B)	(5.3B)	(5.0B)
Other Assets	3.5B	3.9B	4.4B	3.6B	4.1B	3.1B
Long Term Debt	8.0B	8.1B	15.5B	15.0B	11.0B	9.2B
Short Long Term Debt	587M	1.2B	511M	713M	359M	341.1M
Property Plant Equipment	11.8B	11.4B	11.2B	12.0B	13.7B	10.0B
Long Term Debt Total	8.0B	11.2B	15.5B	15.0B	17.3B	10.4B
Long Term Investments	638M	570M	653M	887M	820M	679.9M

Pair Trading with Air Canada

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

Moving together with Air Stock

0.71	NVDA	NVIDIA CDR	Pair Corr
0.87	AMZN	Amazon CDR	Pair Corr
0.73	GOOG	Alphabet CDR	Pair Corr

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

The correlation of Air Canada 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 Air Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Canada 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 Air Canada 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

Other Information on Investing in Air Stock

Balance Sheet is a snapshot of the financial position of Air Canada at a specified time, usually calculated after every quarter, six months, or one year. Air Canada Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Air Canada and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Air currently owns. An asset can also be divided into two categories, current and non-current.

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Air Book Value Per Share vs Free Cash Flow Per Share Analysis

Book Value Per Share vs Free Cash Flow Per Share

Book Value Per Share vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Book Value Per Share

Free Cash Flow Per Share

Air Canada fundamental ratios Correlations

Air Canada Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air Canada fundamental ratios Accounts

Pair Trading with Air Canada

Moving together with Air Stock

Other Information on Investing in Air Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 0.99	Non Current Liabilities Total
Total Current Assets	+ 0.98	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Total Current Assets	+ 0.97	Short Long Term Debt Total
Total Current Assets	+ 0.97	Non Current Assets Total

Other Stockholder Equity	- 0.75	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.64	Other Current Assets
Property Plant And Equipment Gross	- 0.52	Other Current Liab
Other Current Assets	- 0.49	Inventory
Other Current Assets	- 0.46	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.46	Other Current Liab