Canacol Free Cash Flow Yield vs Book Value Per Share Analysis

CNE Stock

CAD 3.72 0.04 1.06%

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

Free Cash Flow Yield vs Book Value Per Share Correlation Analysis

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

The correlation between Canacol Energy's Free Cash Flow Yield and Book Value Per Share is -0.56. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Canacol Energy, assuming nothing else is changed. The correlation between historical values of Canacol Energy's Free Cash Flow Yield and Book Value 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 Free Cash Flow Yield of Canacol Energy are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Free Cash Flow Yield i.e., Canacol Energy's Free Cash Flow Yield and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very 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.

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.

Most indicators from Canacol Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canacol Energy 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 Canacol Energy. 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, Canacol Energy's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 17th of February 2025, Enterprise Value Over EBITDA is likely to grow to 4.20, while Selling General Administrative is likely to drop about 25.5 M.

	2022	2023	2024	2025 (projected)
Gross Profit	239.6M	275.6M	316.9M	332.8M
Total Revenue	335.7M	315.8M	363.2M	381.3M

Gross Profit Total Revenue

Canacol Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Current Deferred Revenue	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Non Currrent Assets Other	Short Long Term Debt Total
Total Assets		0.85	0.73	0.98	0.94	0.42	0.16	0.99	0.15	0.81	-0.26	0.95	-0.09	0.97	0.92	0.6	-0.11	0.42	0.13	0.89	0.84	0.89	-0.28	-0.12	0.82	0.96
Total Current Liabilities	0.85		0.63	0.78	0.75	0.54	0.26	0.81	0.26	0.59	-0.15	0.73	-0.25	0.82	0.8	0.66	0.19	0.22	0.39	0.9	0.79	0.82	-0.14	-0.06	0.67	0.79
Total Stockholder Equity	0.73	0.63		0.69	0.48	-0.02	0.25	0.72	0.26	0.44	0.01	0.49	0.14	0.55	0.51	0.49	0.22	-0.09	0.23	0.66	0.7	0.51	0.02	0.0	0.63	0.53
Property Plant And Equipment Net	0.98	0.78	0.69		0.94	0.45	0.13	0.98	0.12	0.85	-0.32	0.95	-0.05	0.96	0.91	0.55	-0.17	0.51	0.11	0.83	0.78	0.88	-0.24	-0.18	0.77	0.96
Net Debt	0.94	0.75	0.48	0.94		0.55	-0.08	0.95	-0.09	0.8	-0.33	0.98	-0.15	0.98	0.93	0.43	-0.34	0.59	-0.05	0.83	0.8	0.88	-0.34	-0.16	0.82	0.99
Retained Earnings	0.42	0.54	-0.02	0.45	0.55		-0.09	0.46	-0.16	0.2	-0.72	0.5	-0.31	0.53	0.61	0.06	-0.16	0.38	0.12	0.52	0.4	0.6	0.02	-0.65	0.47	0.53
Cash	0.16	0.26	0.25	0.13	-0.08	-0.09		0.04	0.99	0.16	0.0	0.06	-0.14	0.11	0.11	0.74	0.5	-0.29	0.53	0.14	-0.18	0.19	-0.12	-0.06	-0.13	0.09
Non Current Assets Total	0.99	0.81	0.72	0.98	0.95	0.46	0.04		0.03	0.78	-0.32	0.95	-0.04	0.96	0.92	0.48	-0.18	0.45	0.05	0.86	0.88	0.85	-0.28	-0.18	0.85	0.96
Cash And Short Term Investments	0.15	0.26	0.26	0.12	-0.09	-0.16	0.99	0.03		0.17	0.09	0.05	-0.14	0.1	0.09	0.77	0.5	-0.3	0.52	0.14	-0.19	0.17	-0.14	0.04	-0.14	0.08
Common Stock Shares Outstanding	0.81	0.59	0.44	0.85	0.8	0.2	0.16	0.78	0.17		-0.11	0.86	-0.09	0.84	0.69	0.58	-0.23	0.6	0.02	0.61	0.51	0.74	-0.25	0.11	0.42	0.82
Short Term Investments	-0.26	-0.15	0.01	-0.32	-0.33	-0.72	0.0	-0.32	0.09	-0.11		-0.34	0.04	-0.32	-0.39	0.21	0.22	-0.25	0.1	-0.13	-0.18	-0.3	0.13	0.95	-0.33	-0.33
Non Current Liabilities Total	0.95	0.73	0.49	0.95	0.98	0.5	0.06	0.95	0.05	0.86	-0.34		-0.12	0.99	0.93	0.51	-0.31	0.6	-0.01	0.8	0.74	0.88	-0.38	-0.17	0.77	0.99
Other Stockholder Equity	-0.09	-0.25	0.14	-0.05	-0.15	-0.31	-0.14	-0.04	-0.14	-0.09	0.04	-0.12		-0.15	-0.13	-0.29	-0.24	0.22	-0.31	-0.24	0.0	-0.31	0.14	-0.06	-0.04	-0.17
Total Liab	0.97	0.82	0.55	0.96	0.98	0.53	0.11	0.96	0.1	0.84	-0.32	0.99	-0.15		0.95	0.57	-0.22	0.54	0.07	0.86	0.78	0.91	-0.35	-0.15	0.79	1.0
Property Plant And Equipment Gross	0.92	0.8	0.51	0.91	0.93	0.61	0.11	0.92	0.09	0.69	-0.39	0.93	-0.13	0.95		0.48	-0.17	0.47	0.05	0.82	0.81	0.83	-0.32	-0.27	0.78	0.95
Total Current Assets	0.6	0.66	0.49	0.55	0.43	0.06	0.74	0.48	0.77	0.58	0.21	0.51	-0.29	0.57	0.48		0.3	0.03	0.51	0.65	0.24	0.66	-0.13	0.25	0.29	0.55
Short Term Debt	-0.11	0.19	0.22	-0.17	-0.34	-0.16	0.5	-0.18	0.5	-0.23	0.22	-0.31	-0.24	-0.22	-0.17	0.3		-0.44	0.83	-0.01	-0.03	-0.11	0.18	0.12	-0.27	-0.26
Other Current Liab	0.42	0.22	-0.09	0.51	0.59	0.38	-0.29	0.45	-0.3	0.6	-0.25	0.6	0.22	0.54	0.47	0.03	-0.44		-0.11	0.21	0.25	0.39	-0.04	-0.06	0.2	0.54
Current Deferred Revenue	0.13	0.39	0.23	0.11	-0.05	0.12	0.53	0.05	0.52	0.02	0.1	-0.01	-0.31	0.07	0.05	0.51	0.83	-0.11		0.24	0.02	0.25	0.09	0.03	-0.08	0.04
Accounts Payable	0.89	0.9	0.66	0.83	0.83	0.52	0.14	0.86	0.14	0.61	-0.13	0.8	-0.24	0.86	0.82	0.65	-0.01	0.21	0.24		0.8	0.93	-0.11	-0.06	0.84	0.85
Other Assets	0.84	0.79	0.7	0.78	0.8	0.4	-0.18	0.88	-0.19	0.51	-0.18	0.74	0.0	0.78	0.81	0.24	-0.03	0.25	0.02	0.8		0.65	-0.22	-0.1	0.83	0.77
Net Receivables	0.89	0.82	0.51	0.88	0.88	0.6	0.19	0.85	0.17	0.74	-0.3	0.88	-0.31	0.91	0.83	0.66	-0.11	0.39	0.25	0.93	0.65		-0.16	-0.19	0.77	0.91
Inventory	-0.28	-0.14	0.02	-0.24	-0.34	0.02	-0.12	-0.28	-0.14	-0.25	0.13	-0.38	0.14	-0.35	-0.32	-0.13	0.18	-0.04	0.09	-0.11	-0.22	-0.16		0.09	-0.29	-0.36
Other Current Assets	-0.12	-0.06	0.0	-0.18	-0.16	-0.65	-0.06	-0.18	0.04	0.11	0.95	-0.17	-0.06	-0.15	-0.27	0.25	0.12	-0.06	0.03	-0.06	-0.1	-0.19	0.09		-0.28	-0.17
Non Currrent Assets Other	0.82	0.67	0.63	0.77	0.82	0.47	-0.13	0.85	-0.14	0.42	-0.33	0.77	-0.04	0.79	0.78	0.29	-0.27	0.2	-0.08	0.84	0.83	0.77	-0.29	-0.28		0.8
Short Long Term Debt Total	0.96	0.79	0.53	0.96	0.99	0.53	0.09	0.96	0.08	0.82	-0.33	0.99	-0.17	1.0	0.95	0.55	-0.26	0.54	0.04	0.85	0.77	0.91	-0.36	-0.17	0.8

Click cells to compare fundamentals

Canacol Energy Account Relationship Matchups

Canacol Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	749.8M	843.8M	1.0B	1.2B	1.4B	1.5B
Total Current Liabilities	92.6M	77.1M	193.4M	164.9M	189.6M	199.1M
Total Stockholder Equity	207.4M	185.1M	291.9M	351.7M	404.4M	424.6M
Property Plant And Equipment Net	587.6M	601.0M	673.9M	794.4M	913.6M	959.3M
Net Debt	321.8M	374.0M	453.7M	637.0M	732.6M	769.2M
Retained Earnings	(27.8M)	(41.9M)	78.4M	138.1M	124.3M	130.5M
Cash	68.3M	138.5M	58.5M	39.4M	45.3M	40.2M
Non Current Assets Total	596.3M	625.4M	880.3M	1.1B	1.2B	1.3B
Cash And Short Term Investments	68.6M	138.5M	60.8M	39.4M	45.3M	41.6M
Common Stock Shares Outstanding	36.1M	35.6M	34.1M	34.1M	39.2M	41.2M
Liabilities And Stockholders Equity	749.8M	843.8M	1.0B	1.2B	1.4B	1.5B
Non Current Liabilities Total	449.8M	581.6M	529.5M	716.9M	824.4M	865.6M
Other Stockholder Equity	68.4M	66.6M	67.2M	67.4M	77.6M	93.9M
Total Liab	542.4M	658.6M	722.9M	881.8M	1.0B	1.1B
Property Plant And Equipment Gross	587.6M	1.3B	1.4B	1.5B	1.7B	1.8B
Total Current Assets	153.5M	218.4M	134.6M	151.6M	174.4M	183.1M
Accumulated Other Comprehensive Income	66.6M	67.2M	67.4M	67.5M	77.6M	81.5M
Short Term Debt	11.9M	6.8M	36.2M	3.2M	3.7M	3.5M
Other Current Liab	22.6M	14.4M	19.9M	14.9M	17.1M	18.0M
Current Deferred Revenue	12.7M	5.2M	11.2M	6.6M	7.6M	4.4M
Accounts Payable	45.2M	52.4M	62.3M	107.9M	124.1M	130.3M
Other Assets	60.2M	6.3M	14.1M	197.2M	226.8M	238.2M
Net Receivables	81.3M	76.9M	54.4M	107.9M	124.1M	130.3M
Inventory	328K	360K	300K	390K	448.5K	426.1K
Other Current Assets	3.3M	2.5M	19.1M	4.0M	4.5M	4.3M
Non Currrent Assets Other	2.9M	9.3M	21.0M	270.1M	310.6M	326.1M
Short Long Term Debt Total	390.1M	512.6M	512.2M	676.4M	777.9M	816.8M
Common Stock	169.5M	168.6M	159.8M	146.1M	131.5M	125.0M
Other Liab	57.7M	71.7M	75.8M	53.5M	61.6M	66.5M
Net Tangible Assets	242.7M	207.4M	185.1M	291.9M	262.7M	223.4M
Long Term Debt	359.9M	492.0M	463.2M	663M	762.5M	385.6M
Long Term Investments	2.4M	10.4M	9.1M	17.3M	15.6M	9.3M
Property Plant Equipment	560.0M	587.6M	601.0M	673.9M	775.0M	585.0M
Long Term Debt Total	355.8M	378.1M	505.8M	476.0M	547.4M	399.3M
Capital Lease Obligations	22.9M	18.1M	15.7M	13.4M	12.1M	18.7M
Non Current Liabilities Other	16.9M	4.1M	4.9M	6.4M	7.3M	9.6M

Pair Trading with Canacol Energy

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 Canacol Energy 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 Canacol Energy will appreciate offsetting losses from the drop in the long position's value.

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

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

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

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Canacol Free Cash Flow Yield vs Book Value Per Share Analysis

Free Cash Flow Yield vs Book Value Per Share

Free Cash Flow Yield vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Book Value Per Share

Canacol Energy fundamental ratios Correlations

Canacol Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canacol Energy fundamental ratios Accounts

Pair Trading with Canacol Energy

Other Information on Investing in Canacol Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Short Term Investments	- 0.72	Retained Earnings
Other Current Assets	- 0.65	Retained Earnings
Other Current Liab	- 0.44	Short Term Debt
Property Plant And Equipment Gross	- 0.39	Short Term Investments
Inventory	- 0.38	Non Current Liabilities Total
Short Long Term Debt Total	- 0.36	Inventory