Clean Free Cash Flow Yield vs Ev To Free Cash Flow Analysis

CETY Stock  USD 0.69  0.05  6.76%   
Clean Energy financial indicator trend analysis is way more than just evaluating Clean Energy Technol prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clean Energy Technol is a good investment. Please check the relationship between Clean Energy Free Cash Flow Yield and its Ev To Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Energy Technologies,. 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.

Free Cash Flow Yield vs Ev To Free Cash Flow

Free Cash Flow Yield vs Ev To Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clean Energy Technol Free Cash Flow Yield account and Ev To Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Clean Energy's Free Cash Flow Yield and Ev To Free Cash Flow is -0.63. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ev To Free Cash Flow in the same time period over historical financial statements of Clean Energy Technologies,, assuming nothing else is changed. The correlation between historical values of Clean Energy's Free Cash Flow Yield and Ev To 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 Free Cash Flow Yield of Clean Energy Technologies, are associated (or correlated) with its Ev To Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Free Cash Flow has no effect on the direction of Free Cash Flow Yield i.e., Clean Energy's Free Cash Flow Yield and Ev To Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.63
Relationship DirectionNegative 
Relationship StrengthWeak

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.

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.
Most indicators from Clean Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clean Energy Technol 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 Clean Energy Technologies,. 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, Clean Energy's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to rise to about 77.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense769.4K1.1M2.1M2.2M
Depreciation And Amortization32.3K228.5K32.9K31.2K

Clean Energy fundamental ratios Correlations

0.39-0.250.280.590.340.37-0.890.090.370.940.90.470.830.960.15-0.010.820.990.280.970.43-0.01-0.30.68-0.16
0.390.520.92-0.460.480.99-0.730.520.590.640.510.590.170.530.69-0.250.010.350.950.170.980.820.120.790.6
-0.250.520.76-0.840.220.59-0.130.62-0.1-0.05-0.25-0.12-0.33-0.120.350.19-0.36-0.290.74-0.390.490.540.470.460.59
0.280.920.76-0.60.480.96-0.670.690.310.510.320.330.140.440.54-0.12-0.010.240.990.090.920.750.30.830.61
0.59-0.46-0.84-0.6-0.18-0.5-0.18-0.520.020.350.450.130.60.43-0.420.10.660.62-0.60.73-0.4-0.66-0.46-0.12-0.69
0.340.480.220.48-0.180.54-0.440.79-0.080.360.31-0.160.450.340.59-0.350.370.250.530.290.40.33-0.050.360.6
0.370.990.590.96-0.50.54-0.720.630.460.610.470.490.20.520.67-0.260.020.320.970.160.970.780.150.80.6
-0.89-0.73-0.13-0.67-0.18-0.44-0.72-0.35-0.5-0.95-0.87-0.55-0.65-0.95-0.380.08-0.63-0.88-0.67-0.77-0.76-0.380.07-0.89-0.16
0.090.520.620.69-0.520.790.63-0.35-0.310.180.09-0.290.170.170.42-0.290.110.020.690.010.480.330.130.430.53
0.370.59-0.10.310.02-0.080.46-0.5-0.310.530.550.870.010.450.48-0.090.020.40.360.210.580.63-0.110.390.24
0.940.64-0.050.510.350.360.61-0.950.180.530.910.650.690.950.35-0.080.610.920.520.820.670.24-0.230.790.03
0.90.51-0.250.320.450.310.47-0.870.090.550.910.610.610.910.37-0.160.690.910.350.820.520.15-0.390.6-0.07
0.470.59-0.120.330.13-0.160.49-0.55-0.290.870.650.610.180.550.29-0.2-0.050.490.350.290.620.44-0.110.420.09
0.830.17-0.330.140.60.450.2-0.650.170.010.690.610.180.78-0.12-0.180.740.790.110.870.25-0.16-0.140.46-0.14
0.960.53-0.120.440.430.340.52-0.950.170.450.950.910.550.780.19-0.110.740.970.440.90.590.17-0.150.76-0.05
0.150.690.350.54-0.420.590.67-0.380.420.480.350.370.29-0.120.19-0.14-0.020.080.65-0.020.540.68-0.130.350.67
-0.01-0.250.19-0.120.1-0.35-0.260.08-0.29-0.09-0.08-0.16-0.2-0.18-0.11-0.140.10.0-0.130.04-0.24-0.210.060.11-0.19
0.820.01-0.36-0.010.660.370.02-0.630.110.020.610.69-0.050.740.74-0.020.10.83-0.010.910.04-0.26-0.330.41-0.3
0.990.35-0.290.240.620.250.32-0.880.020.40.920.910.490.790.970.080.00.830.240.960.41-0.02-0.280.65-0.22
0.280.950.740.99-0.60.530.97-0.670.690.360.520.350.350.110.440.65-0.13-0.010.240.080.920.780.250.810.65
0.970.17-0.390.090.730.290.16-0.770.010.210.820.820.290.870.9-0.020.040.910.960.080.22-0.19-0.320.54-0.3
0.430.980.490.92-0.40.40.97-0.760.480.580.670.520.620.250.590.54-0.240.040.410.920.220.770.160.830.5
-0.010.820.540.75-0.660.330.78-0.380.330.630.240.150.44-0.160.170.68-0.21-0.26-0.020.78-0.190.770.350.490.78
-0.30.120.470.3-0.46-0.050.150.070.13-0.11-0.23-0.39-0.11-0.14-0.15-0.130.06-0.33-0.280.25-0.320.160.350.180.36
0.680.790.460.83-0.120.360.8-0.890.430.390.790.60.420.460.760.350.110.410.650.810.540.830.490.180.25
-0.160.60.590.61-0.690.60.6-0.160.530.240.03-0.070.09-0.14-0.050.67-0.19-0.3-0.220.65-0.30.50.780.360.25
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Clean Energy Account Relationship Matchups

Clean Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.3M4.1M6.4M8.1M10.9M11.5M
Short Long Term Debt Total5.2M7.1M7.0M4.5M3.1M2.8M
Other Current Liab2.6M2.7M320.1K807.2K68.3K64.9K
Total Current Liabilities8.9M9.8M6.9M6.2M4.8M4.2M
Total Stockholder Equity(5.3M)(7.2M)(1.7M)1.9M5.1M5.4M
Property Plant And Equipment Net896.8K660.0K428.6K172.2K532.7K559.3K
Net Debt5.2M6.7M5.8M4.3M2.9M2.8M
Retained Earnings(14.2M)(17.7M)(17.4M)(17.3M)(23.0M)(21.8M)
Accounts Payable1.5M1.5M606.8K860.4K964.0K864.5K
Cash7.4K414.9K1.2M149.3K174.9K183.6K
Non Current Assets Total2.2M2.7M3.8M4.1M4.2M4.4M
Cash And Short Term Investments7.4K414.9K1.2M985.0K174.9K183.6K
Net Receivables1.5M265.7K910.6K1.7M2.0M2.1M
Common Stock Shares Outstanding16.0M19.2M22.5M30.9M38.4M40.4M
Liabilities And Stockholders Equity4.3M4.1M6.4M8.1M10.9M11.5M
Non Current Liabilities Total630.6K1.6M1.3M1.0257.9K420.7K
Inventory630.2K557.8K462.2K500.6K974.9K584.7K
Other Stockholder Equity7.6M9.1M14.8M19.3M28.3M29.7M
Total Liab9.6M11.4M8.2M6.2M5.1M4.7M
Total Current Assets2.1M1.5M2.6M4.0M6.8M7.1M
Short Term Debt4.5M5.5M5.9M4.5M3.3M2.3M
Common Stock753.9K821.2K943.6K37.2K39.2K37.2K
Accumulated Other Comprehensive Income(1.3M)(1.4M)61.2K(160.7K)(196.8K)(206.7K)
Current Deferred Revenue357.0K115.7K57.0K113.5K33K31.4K
Property Plant Equipment896.8K660.0K428.6K14.8K17.0K16.2K
Intangible Assets493.6K481.8K1.9M1.9M1.9M2.0M
Net Tangible Assets(7.1M)(8.9M)(4.4M)1.9M1.7M1.8M
Short Long Term Debt4.3M5.3M5.5M4.3M2.6M3.3M
Net Invested Capital(1.6M)(1.2M)4.9M6.1M7.7M8.1M
Net Working Capital(6.8M)(8.3M)(4.3M)(2.2M)1.9M2.0M
Capital Stock1.4M1.3M943.6K37.2K41.4K39.3K

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