AFN Free Cash Flow Yield vs Price To Sales Ratio Analysis

AFN Stock

CAD 51.98 1.43 2.68%

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

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ag Growth International Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Ag Growth's Free Cash Flow Yield and Price To Sales Ratio is 0.44. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Ag Growth International, assuming nothing else is changed. The correlation between historical values of Ag Growth's Free Cash Flow Yield and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Ag Growth International are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Ag Growth's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Ag Growth International stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Ag Growth sales, a figure that is much harder to manipulate than other Ag Growth International multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

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

At this time, Ag Growth's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Discontinued Operations is likely to grow to about 49.5 K, while Sales General And Administrative To Revenue is likely to drop 0.14.

	2021	2022	2023	2024 (projected)
Gross Profit	304.0M	420.6M	480.3M	504.3M
Total Revenue	1.2B	1.5B	1.5B	1.6B

Gross Profit Total Revenue

Ag Growth fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	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	Intangible Assets	Retained Earnings
Total Assets		0.91	0.84	0.76	0.74	0.92	0.8	0.91	0.8	0.46	0.99	0.73	0.46	0.79	0.98	0.96	0.98	0.96	0.74	0.61	0.9	0.86	0.84	0.3	0.93	-0.9
Short Long Term Debt Total	0.91		0.92	0.92	0.62	0.98	0.92	1.0	0.93	0.59	0.9	0.62	0.59	0.94	0.91	0.91	0.9	0.87	0.89	0.76	1.0	0.97	0.96	0.5	0.85	-0.96
Other Current Liab	0.84	0.92		0.88	0.39	0.86	0.91	0.92	0.9	0.53	0.8	0.71	0.53	0.91	0.83	0.84	0.85	0.85	0.88	0.89	0.94	0.92	0.92	0.34	0.73	-0.98
Total Current Liabilities	0.76	0.92	0.88		0.46	0.87	0.98	0.9	0.97	0.74	0.71	0.41	0.74	0.96	0.72	0.83	0.71	0.75	0.93	0.82	0.93	0.96	0.97	0.73	0.63	-0.89
Total Stockholder Equity	0.74	0.62	0.39	0.46		0.75	0.5	0.63	0.46	0.26	0.77	0.34	0.26	0.51	0.71	0.7	0.67	0.69	0.45	0.1	0.6	0.59	0.56	0.31	0.79	-0.52
Property Plant And Equipment Net	0.92	0.98	0.86	0.87	0.75		0.89	0.98	0.89	0.53	0.92	0.61	0.53	0.89	0.92	0.91	0.9	0.88	0.84	0.65	0.97	0.95	0.93	0.48	0.9	-0.93
Current Deferred Revenue	0.8	0.92	0.91	0.98	0.5	0.89		0.92	0.97	0.65	0.75	0.49	0.65	0.96	0.76	0.86	0.75	0.82	0.95	0.83	0.94	0.98	0.98	0.64	0.68	-0.92
Net Debt	0.91	1.0	0.92	0.9	0.63	0.98	0.92		0.93	0.52	0.91	0.64	0.52	0.93	0.92	0.91	0.92	0.88	0.89	0.76	0.99	0.97	0.95	0.45	0.86	-0.97
Accounts Payable	0.8	0.93	0.9	0.97	0.46	0.89	0.97	0.93		0.64	0.76	0.52	0.64	0.95	0.77	0.83	0.77	0.8	0.94	0.84	0.95	0.97	0.96	0.6	0.68	-0.93
Cash	0.46	0.59	0.53	0.74	0.26	0.53	0.65	0.52	0.64		0.38	0.18	1.0	0.61	0.38	0.49	0.37	0.4	0.57	0.48	0.59	0.59	0.68	0.79	0.31	-0.52
Non Current Assets Total	0.99	0.9	0.8	0.71	0.77	0.92	0.75	0.91	0.76	0.38		0.73	0.38	0.74	0.99	0.94	0.98	0.93	0.69	0.55	0.89	0.83	0.79	0.25	0.97	-0.87
Non Currrent Assets Other	0.73	0.62	0.71	0.41	0.34	0.61	0.49	0.64	0.52	0.18	0.73		0.18	0.43	0.74	0.6	0.8	0.78	0.44	0.51	0.63	0.53	0.53	-0.22	0.71	-0.69
Cash And Short Term Investments	0.46	0.59	0.53	0.74	0.26	0.53	0.65	0.52	0.64	1.0	0.38	0.18		0.61	0.38	0.49	0.37	0.4	0.57	0.48	0.59	0.59	0.68	0.79	0.31	-0.52
Net Receivables	0.79	0.94	0.91	0.96	0.51	0.89	0.96	0.93	0.95	0.61	0.74	0.43	0.61		0.76	0.85	0.75	0.78	0.97	0.84	0.95	0.97	0.98	0.62	0.65	-0.92
Good Will	0.98	0.91	0.83	0.72	0.71	0.92	0.76	0.92	0.77	0.38	0.99	0.74	0.38	0.76		0.94	0.99	0.92	0.7	0.59	0.9	0.84	0.8	0.24	0.97	-0.9
Common Stock Shares Outstanding	0.96	0.91	0.84	0.83	0.7	0.91	0.86	0.91	0.83	0.49	0.94	0.6	0.49	0.85	0.94		0.92	0.92	0.78	0.67	0.91	0.89	0.87	0.45	0.87	-0.88
Non Current Liabilities Total	0.98	0.9	0.85	0.71	0.67	0.9	0.75	0.92	0.77	0.37	0.98	0.8	0.37	0.75	0.99	0.92		0.94	0.72	0.62	0.9	0.83	0.8	0.18	0.94	-0.91
Inventory	0.96	0.87	0.85	0.75	0.69	0.88	0.82	0.88	0.8	0.4	0.93	0.78	0.4	0.78	0.92	0.92	0.94		0.77	0.64	0.87	0.85	0.84	0.24	0.87	-0.89
Other Current Assets	0.74	0.89	0.88	0.93	0.45	0.84	0.95	0.89	0.94	0.57	0.69	0.44	0.57	0.97	0.7	0.78	0.72	0.77		0.85	0.91	0.95	0.96	0.57	0.58	-0.9
Other Stockholder Equity	0.61	0.76	0.89	0.82	0.1	0.65	0.83	0.76	0.84	0.48	0.55	0.51	0.48	0.84	0.59	0.67	0.62	0.64	0.85		0.79	0.8	0.81	0.36	0.43	-0.82
Total Liab	0.9	1.0	0.94	0.93	0.6	0.97	0.94	0.99	0.95	0.59	0.89	0.63	0.59	0.95	0.9	0.91	0.9	0.87	0.91	0.79		0.98	0.97	0.5	0.83	-0.98
Property Plant And Equipment Gross	0.86	0.97	0.92	0.96	0.59	0.95	0.98	0.97	0.97	0.59	0.83	0.53	0.59	0.97	0.84	0.89	0.83	0.85	0.95	0.8	0.98		0.99	0.58	0.76	-0.95
Total Current Assets	0.84	0.96	0.92	0.97	0.56	0.93	0.98	0.95	0.96	0.68	0.79	0.53	0.68	0.98	0.8	0.87	0.8	0.84	0.96	0.81	0.97	0.99		0.62	0.71	-0.94
Short Term Debt	0.3	0.5	0.34	0.73	0.31	0.48	0.64	0.45	0.6	0.79	0.25	-0.22	0.79	0.62	0.24	0.45	0.18	0.24	0.57	0.36	0.5	0.58	0.62		0.19	-0.38
Intangible Assets	0.93	0.85	0.73	0.63	0.79	0.9	0.68	0.86	0.68	0.31	0.97	0.71	0.31	0.65	0.97	0.87	0.94	0.87	0.58	0.43	0.83	0.76	0.71	0.19		-0.82
Retained Earnings	-0.9	-0.96	-0.98	-0.89	-0.52	-0.93	-0.92	-0.97	-0.93	-0.52	-0.87	-0.69	-0.52	-0.92	-0.9	-0.88	-0.91	-0.89	-0.9	-0.82	-0.98	-0.95	-0.94	-0.38	-0.82

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Ag Growth Account Relationship Matchups

Ag Growth fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.5B	1.6B	1.6B	1.7B	833.2M
Short Long Term Debt Total	833.1M	853.6M	887.2M	916.3M	906.9M	952.3M
Other Current Liab	82.2M	177.3M	181.8M	208.3M	155.4M	163.1M
Total Current Liabilities	255.6M	311.1M	464.6M	412.2M	548M	575.4M
Total Stockholder Equity	373.4M	263.1M	268.8M	265.7M	318.0M	242.9M
Property Plant And Equipment Net	373.0M	368.9M	368.5M	367.7M	377.2M	396.1M
Current Deferred Revenue	39.6M	46.0M	86.5M	80.0M	88.1M	92.5M
Net Debt	758.4M	780.2M	825.9M	856.7M	816.3M	857.1M
Accounts Payable	56.3M	84.3M	106.0M	117.7M	126.1M	132.4M
Cash	48.4M	62.5M	61.3M	59.6M	90.7M	95.2M
Non Current Assets Total	1.0B	1.0B	1.0B	991M	992.7M	543.8M
Non Currrent Assets Other	16.7M	39.3M	35.1M	50.3M	2.1M	2.0M
Cash And Short Term Investments	48.4M	62.5M	61.3M	59.6M	90.7M	95.2M
Net Receivables	170.1M	188.7M	221.1M	240.6M	282.6M	296.7M
Good Will	351.6M	350.7M	358.6M	343.0M	339.6M	184.6M
Common Stock Shares Outstanding	18.9M	18.7M	21.9M	18.9M	22.0M	16.3M
Liabilities And Stockholders Equity	1.5B	1.5B	1.6B	1.6B	1.7B	833.2M
Non Current Liabilities Total	834.0M	904.9M	860.3M	968.2M	789.0M	407.0M
Inventory	174.4M	178.9M	243.3M	279.3M	214.8M	116.2M
Other Current Assets	34.3M	36.5M	44.8M	75.5M	74.2M	77.9M
Other Stockholder Equity	33.8M	492.0M	507.6M	524.6M	499.2M	524.2M
Total Liab	1.1B	1.2B	1.3B	1.4B	1.3B	1.4B
Property Plant And Equipment Gross	373.0M	368.9M	510.7M	527.1M	561.0M	589.1M
Total Current Assets	439.5M	476.7M	572.8M	655.1M	662.2M	695.4M
Short Term Debt	77.6M	3.5M	90.5M	6.1M	178.5M	187.4M
Intangible Assets	264.9M	249.5M	253.0M	225.9M	211.1M	155.0M
Retained Earnings	(138.7M)	(220.3M)	(221.3M)	(283.7M)	(226.6M)	(215.3M)
Common Stock Total Equity	323.2M	450.6M	455.9M	1.7M	2.0M	1.9M
Accumulated Other Comprehensive Income	22.4M	(10.3M)	(22.8M)	15.1M	35.1M	18.2M
Common Stock	455.9M	1.7M	5.2M	9.6M	10.3M	9.8M
Other Liab	78.4M	54.8M	63.5M	57.6M	66.3M	58.4M
Net Tangible Assets	(222.2M)	(313.1M)	(313.4M)	(274.2M)	(246.7M)	(234.4M)
Other Assets	37.5M	44.5M	70.1M	20.2M	23.3M	32.1M
Long Term Debt	748.8M	825.3M	779.5M	876.7M	693.5M	586.2M
Deferred Long Term Liab	20.8M	23.9M	29.5M	29.0M	33.4M	35.1M
Short Long Term Debt	75.0M	475K	85.4M	479K	171.8M	180.4M
Property Plant Equipment	373.0M	368.9M	368.5M	367.7M	422.9M	294.6M
Long Term Debt Total	755.6M	850.1M	796.8M	910.2M	1.0B	693.2M
Capital Surpluse	27.1M	487.5M	494.7M	501.7M	577.0M	605.9M

Pair Trading with Ag Growth

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 Ag Growth 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 Ag Growth will appreciate offsetting losses from the drop in the long position's value.

Moving against AFN Stock

0.76	DRT	DIRTT Environmental	Pair Corr
0.68	AEM	Agnico Eagle Mines	Pair Corr
0.61	IMG	IAMGold	Pair Corr
0.54	NVDA	NVIDIA CDR	Pair Corr
0.41	TD-PFI	Toronto Dominion Bank	Pair Corr

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

The correlation of Ag Growth 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 Ag Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ag Growth International 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 Ag Growth 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 AFN Stock

Balance Sheet is a snapshot of the financial position of Ag Growth International at a specified time, usually calculated after every quarter, six months, or one year. Ag Growth Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ag Growth 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 AFN currently owns. An asset can also be divided into two categories, current and non-current.

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AFN Free Cash Flow Yield vs Price To Sales Ratio Analysis

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Price To Sales Ratio

Ag Growth fundamental ratios Correlations

Ag Growth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ag Growth fundamental ratios Accounts

Pair Trading with Ag Growth

Moving against AFN Stock

Other Information on Investing in AFN Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Net Debt
Good Will	+ 0.99	Non Current Assets Total

Retained Earnings	- 0.98	Total Liab
Retained Earnings	- 0.98	Other Current Liab
Retained Earnings	- 0.97	Net Debt
Retained Earnings	- 0.96	Short Long Term Debt Total
Retained Earnings	- 0.95	Property Plant And Equipment Gross
Retained Earnings	- 0.94	Total Current Assets