Canadian Free Cash Flow Yield vs Free Cash Flow Per Share Analysis

CNQ Stock

CAD 47.52 0.50 1.06%

Canadian Natural financial indicator trend analysis is way more than just evaluating Canadian Natural Res prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Natural Res is a good investment. Please check the relationship between Canadian Natural Free Cash Flow Yield 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 Canadian Natural Resources. 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 Free Cash Flow Per Share

Free Cash Flow Yield 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 Canadian Natural Res Free Cash Flow Yield account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Canadian Natural's Free Cash Flow Yield and Free Cash Flow Per Share is 0.83. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Canadian Natural Resources, assuming nothing else is changed. The correlation between historical values of Canadian Natural's Free Cash Flow Yield 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 Free Cash Flow Yield of Canadian Natural Resources 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 Free Cash Flow Yield i.e., Canadian Natural's Free Cash Flow Yield and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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.

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 Canadian Natural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Natural Res 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 Canadian Natural Resources. 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, Canadian Natural's Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Tax Provision is likely to grow to about 2 B, while Sales General And Administrative To Revenue is likely to drop 0.01.

	2021	2022	2023	2024 (projected)
Interest Expense	711M	549M	691M	725.6M
Depreciation And Amortization	5.9B	7.6B	6.4B	3.4B

Interest Expense Depreciation And Amortization

Canadian Natural fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Inventory	Other Current Assets	Other Current Liab	Cash	Cash And Short Term Investments	Short Term Debt	Current Deferred Revenue	Common Stock	Common Stock Total Equity
Total Assets		0.83	0.75	0.8	1.0	0.78	0.78	0.51	1.0	0.66	0.66	-0.26	0.96	-0.18	0.98	0.51	0.61	0.52	0.05	0.36	0.3	0.47	0.25	0.37	0.76	0.76
Short Long Term Debt Total	0.83		0.45	0.58	0.84	0.99	0.52	0.22	0.84	0.92	0.41	-0.19	0.95	-0.28	0.91	0.18	0.37	0.22	0.05	-0.04	-0.05	0.34	0.24	-0.02	0.62	0.63
Total Current Liabilities	0.75	0.45		0.95	0.73	0.39	0.93	0.89	0.73	0.3	0.93	-0.34	0.63	-0.17	0.69	0.89	0.92	0.88	0.18	0.75	0.76	0.75	0.12	0.82	0.74	0.69
Total Stockholder Equity	0.8	0.58	0.95		0.8	0.53	0.97	0.87	0.79	0.41	0.87	-0.24	0.73	-0.17	0.77	0.85	0.89	0.86	0.29	0.64	0.67	0.71	0.23	0.74	0.76	0.72
Property Plant And Equipment Net	1.0	0.84	0.73	0.8		0.79	0.78	0.49	1.0	0.66	0.64	-0.25	0.97	-0.18	0.99	0.49	0.58	0.5	0.05	0.35	0.27	0.43	0.27	0.35	0.74	0.74
Net Debt	0.78	0.99	0.39	0.53	0.79		0.49	0.17	0.8	0.93	0.34	-0.07	0.92	-0.27	0.87	0.1	0.31	0.15	0.12	-0.15	-0.13	0.29	0.21	-0.08	0.54	0.56
Retained Earnings	0.78	0.52	0.93	0.97	0.78	0.49		0.81	0.77	0.37	0.84	-0.15	0.69	-0.11	0.73	0.78	0.83	0.78	0.39	0.59	0.59	0.62	0.12	0.76	0.6	0.57
Accounts Payable	0.51	0.22	0.89	0.87	0.49	0.17	0.81		0.49	0.13	0.83	-0.2	0.39	-0.12	0.44	0.93	0.92	0.96	0.3	0.75	0.87	0.81	0.2	0.8	0.7	0.66
Non Current Assets Total	1.0	0.84	0.73	0.79	1.0	0.8	0.77	0.49		0.67	0.63	-0.25	0.97	-0.18	0.99	0.48	0.58	0.49	0.05	0.34	0.26	0.43	0.27	0.34	0.74	0.74
Non Currrent Assets Other	0.66	0.92	0.3	0.41	0.66	0.93	0.37	0.13	0.67		0.32	-0.09	0.8	-0.21	0.76	0.05	0.31	0.1	0.17	-0.23	-0.13	0.38	0.09	-0.15	0.47	0.49
Net Receivables	0.66	0.41	0.93	0.87	0.64	0.34	0.84	0.83	0.63	0.32		-0.4	0.56	-0.02	0.62	0.86	0.96	0.85	0.2	0.73	0.76	0.78	-0.09	0.86	0.69	0.64
Common Stock Shares Outstanding	-0.26	-0.19	-0.34	-0.24	-0.25	-0.07	-0.15	-0.2	-0.25	-0.09	-0.4		-0.24	0.17	-0.27	-0.37	-0.33	-0.37	0.58	-0.6	-0.41	-0.22	-0.23	-0.28	-0.48	-0.45
Non Current Liabilities Total	0.96	0.95	0.63	0.73	0.97	0.92	0.69	0.39	0.97	0.8	0.56	-0.24		-0.2	0.99	0.37	0.5	0.39	0.04	0.19	0.14	0.4	0.28	0.19	0.72	0.73
Other Stockholder Equity	-0.18	-0.28	-0.17	-0.17	-0.18	-0.27	-0.11	-0.12	-0.18	-0.21	-0.02	0.17	-0.2		-0.2	-0.17	-0.16	-0.17	-0.16	0.05	-0.14	-0.29	-0.04	-0.01	-0.29	-0.29
Total Liab	0.98	0.91	0.69	0.77	0.99	0.87	0.73	0.44	0.99	0.76	0.62	-0.27	0.99	-0.2		0.43	0.56	0.45	0.03	0.27	0.21	0.44	0.26	0.27	0.75	0.75
Property Plant And Equipment Gross	0.51	0.18	0.89	0.85	0.49	0.1	0.78	0.93	0.48	0.05	0.86	-0.37	0.37	-0.17	0.43		0.94	0.98	0.19	0.84	0.96	0.82	0.16	0.86	0.74	0.69
Total Current Assets	0.61	0.37	0.92	0.89	0.58	0.31	0.83	0.92	0.58	0.31	0.96	-0.33	0.5	-0.16	0.56	0.94		0.93	0.3	0.72	0.86	0.9	0.01	0.83	0.74	0.7
Inventory	0.52	0.22	0.88	0.86	0.5	0.15	0.78	0.96	0.49	0.1	0.85	-0.37	0.39	-0.17	0.45	0.98	0.93		0.18	0.83	0.93	0.8	0.24	0.83	0.78	0.74
Other Current Assets	0.05	0.05	0.18	0.29	0.05	0.12	0.39	0.3	0.05	0.17	0.2	0.58	0.04	-0.16	0.03	0.19	0.3	0.18		-0.24	0.09	0.27	-0.46	0.28	-0.14	-0.13
Other Current Liab	0.36	-0.04	0.75	0.64	0.35	-0.15	0.59	0.75	0.34	-0.23	0.73	-0.6	0.19	0.05	0.27	0.84	0.72	0.83	-0.24		0.86	0.53	0.27	0.82	0.59	0.54
Cash	0.3	-0.05	0.76	0.67	0.27	-0.13	0.59	0.87	0.26	-0.13	0.76	-0.41	0.14	-0.14	0.21	0.96	0.86	0.93	0.09	0.86		0.79	0.11	0.82	0.66	0.61
Cash And Short Term Investments	0.47	0.34	0.75	0.71	0.43	0.29	0.62	0.81	0.43	0.38	0.78	-0.22	0.4	-0.29	0.44	0.82	0.9	0.8	0.27	0.53	0.79		0.05	0.6	0.69	0.66
Short Term Debt	0.25	0.24	0.12	0.23	0.27	0.21	0.12	0.2	0.27	0.09	-0.09	-0.23	0.28	-0.04	0.26	0.16	0.01	0.24	-0.46	0.27	0.11	0.05		-0.16	0.43	0.44
Current Deferred Revenue	0.37	-0.02	0.82	0.74	0.35	-0.08	0.76	0.8	0.34	-0.15	0.86	-0.28	0.19	-0.01	0.27	0.86	0.83	0.83	0.28	0.82	0.82	0.6	-0.16		0.43	0.38
Common Stock	0.76	0.62	0.74	0.76	0.74	0.54	0.6	0.7	0.74	0.47	0.69	-0.48	0.72	-0.29	0.75	0.74	0.74	0.78	-0.14	0.59	0.66	0.69	0.43	0.43		0.99
Common Stock Total Equity	0.76	0.63	0.69	0.72	0.74	0.56	0.57	0.66	0.74	0.49	0.64	-0.45	0.73	-0.29	0.75	0.69	0.7	0.74	-0.13	0.54	0.61	0.66	0.44	0.38	0.99

Click cells to compare fundamentals

Canadian Natural Account Relationship Matchups

Canadian Natural fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	78.1B	75.3B	76.7B	76.1B	76.0B	40.8B
Short Long Term Debt Total	22.8B	23.0B	16.1B	12.7B	12.4B	10.1B
Total Current Liabilities	6.6B	5.1B	7.4B	8.7B	7.4B	7.8B
Total Stockholder Equity	35.0B	32.4B	36.9B	38.2B	39.8B	41.8B
Property Plant And Equipment Net	72.4B	69.8B	70.2B	68.5B	68.2B	37.7B
Net Debt	20.8B	21.3B	14.0B	10.5B	11.5B	9.7B
Retained Earnings	25.4B	22.8B	26.8B	27.7B	28.9B	30.4B
Accounts Payable	816M	667M	803M	1.3B	1.4B	1.5B
Non Current Assets Total	73.6B	70.9B	70.7B	69.1B	68.8B	38.1B
Non Currrent Assets Other	1.2B	1.1B	565M	553M	540M	420.0M
Net Receivables	2.5B	2.5B	3.1B	3.6B	3.2B	3.3B
Common Stock Shares Outstanding	1.2B	1.2B	1.2B	1.1B	2.2B	1.9B
Liabilities And Stockholders Equity	78.1B	75.3B	76.7B	76.1B	76.0B	40.8B
Non Current Liabilities Total	36.5B	37.8B	32.3B	29.3B	28.7B	18.6B
Other Stockholder Equity	34M	8M	(1M)	209M	188.1M	178.7M
Total Liab	43.1B	42.9B	39.7B	38.0B	36.1B	22.2B
Property Plant And Equipment Gross	72.4B	69.8B	140.8B	146.1B	150.6B	158.1B
Total Current Assets	4.5B	4.4B	5.9B	7.1B	7.2B	7.5B
Accumulated Other Comprehensive Income	34M	8M	(1M)	209M	172M	180.6M
Inventory	1.2B	1.1B	1.5B	1.8B	2.0B	2.1B
Other Current Assets	54M	82M	35M	61M	542M	569.1M
Other Current Liab	3.4B	3.1B	5.6B	6.9B	5.0B	5.3B
Cash	139M	184M	744M	920M	877M	920.9M
Cash And Short Term Investments	629M	489M	1.1B	1.4B	1.4B	1.5B
Short Term Debt	2.4B	1.3B	1B	404M	980M	549.6M
Current Deferred Revenue	151M	2.6B	2.3B	4.7B	5.4B	5.6B
Common Stock	9.5B	9.6B	10.2B	10.3B	10.7B	7.5B
Common Stock Total Equity	9.1B	9.3B	9.5B	9.6B	11.0B	6.8B
Other Liab	16.3B	16.2B	17.2B	17.0B	19.5B	16.2B
Net Tangible Assets	35.0B	32.4B	36.9B	38.2B	43.9B	34.6B
Other Assets	1.2B	1.1B	565M	553M	636.0M	925.2M
Long Term Debt	18.6B	20.1B	13.7B	11.0B	9.8B	16.5B
Short Long Term Debt	1.1B	2.4B	1.3B	1B	404M	1.7B
Property Plant Equipment	72.4B	69.8B	70.2B	68.5B	78.8B	69.1B
Short Term Investments	490M	305M	309M	491M	525M	482.1M
Long Term Debt Total	20.4B	21.6B	15.1B	12.3B	11.1B	14.0B
Non Current Liabilities Other	7.4B	5.9B	7.0B	8.2B	8.7B	6.7B
Cash And Equivalents	139M	184M	744M	920M	1.1B	1.1B
Net Invested Capital	56.0B	53.8B	51.6B	49.6B	50.6B	42.1B

Pair Trading with Canadian Natural

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 Canadian Natural 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 Canadian Natural will appreciate offsetting losses from the drop in the long position's value.

Moving against Canadian Stock

0.33

SAGE

Sage Potash Corp

Pair Corr

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

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

When determining whether Canadian Natural Res is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Natural Resources Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Natural Resources Stock:

How To Invest In Canadian

Details

Is Canadian Stock a good investment?

Details

What is Canadian Natural's Net Worth?

Details

Largest Oil & Gas Exploration & Production Companies

View

Largest Oil & Gas E&P Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. 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.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Please note, there is a significant difference between Canadian Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Canadian Free Cash Flow Yield vs Free Cash Flow Per Share Analysis

Free Cash Flow Yield vs Free Cash Flow Per Share

Free Cash Flow Yield vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Free Cash Flow Per Share

Canadian Natural fundamental ratios Correlations

Canadian Natural Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Natural fundamental ratios Accounts

Pair Trading with Canadian Natural

Moving against Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Assets Total

Other Current Liab	- 0.6	Common Stock Shares Outstanding
Common Stock	- 0.48	Common Stock Shares Outstanding
Short Term Debt	- 0.46	Other Current Assets
Common Stock Total Equity	- 0.45	Common Stock Shares Outstanding
Cash	- 0.41	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.4	Net Receivables