Canadian Payout Ratio vs Pb Ratio Analysis

CNQ Stock

USD 33.52 0.32 0.96%

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 Payout Ratio and its Pb Ratio 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.

Payout Ratio vs Pb Ratio

Payout Ratio vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Natural Res Payout Ratio account and Pb Ratio. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Canadian Natural's Payout Ratio and Pb Ratio is 0.17. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Pb Ratio 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 Payout Ratio and Pb 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 Payout Ratio of Canadian Natural Resources are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Payout Ratio i.e., Canadian Natural's Payout Ratio and Pb Ratio go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Payout Ratio

Payout Ratio is the proportion of Canadian Natural Resources earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Canadian Natural Res dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Canadian Natural Res is paying out more in dividends than it makes in net income.

Pb Ratio

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 Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 11/27/2024, Enterprise Value Multiple is likely to grow to 8.71, 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	Cash	Cash And Short Term Investments	Other Current Liab	Other Liab	Net Tangible Assets	Other Assets	Long Term Debt
Total Assets		0.83	0.75	0.8	1.0	0.78	0.78	0.51	1.0	0.12	0.66	0.88	0.96	-0.2	0.98	0.51	0.61	0.52	0.01	0.3	0.47	0.28	0.63	0.62	0.22	0.75
Short Long Term Debt Total	0.83		0.45	0.58	0.84	0.99	0.52	0.22	0.84	-0.08	0.41	0.74	0.95	-0.3	0.91	0.18	0.37	0.22	-0.09	-0.05	0.34	-0.02	0.53	0.49	0.16	0.98
Total Current Liabilities	0.75	0.45		0.95	0.73	0.39	0.93	0.89	0.73	0.43	0.93	0.74	0.63	-0.18	0.69	0.89	0.92	0.88	0.29	0.76	0.75	0.68	0.78	0.82	0.53	0.41
Total Stockholder Equity	0.8	0.58	0.95		0.79	0.53	0.97	0.87	0.79	0.52	0.87	0.84	0.73	-0.19	0.77	0.85	0.89	0.86	0.37	0.67	0.71	0.61	0.81	0.81	0.61	0.54
Property Plant And Equipment Net	1.0	0.84	0.73	0.79		0.8	0.77	0.48	1.0	0.1	0.63	0.9	0.97	-0.2	0.99	0.48	0.57	0.49	-0.02	0.26	0.42	0.25	0.61	0.6	0.18	0.77
Net Debt	0.78	0.99	0.39	0.53	0.8		0.49	0.17	0.8	-0.12	0.34	0.73	0.92	-0.29	0.87	0.1	0.31	0.15	-0.05	-0.13	0.29	-0.08	0.47	0.44	0.15	0.97
Retained Earnings	0.78	0.52	0.93	0.97	0.77	0.49		0.81	0.77	0.45	0.84	0.87	0.69	-0.13	0.73	0.78	0.83	0.78	0.45	0.59	0.62	0.52	0.67	0.71	0.53	0.47
Accounts Payable	0.51	0.22	0.89	0.87	0.48	0.17	0.81		0.49	0.69	0.83	0.52	0.39	-0.13	0.44	0.93	0.92	0.96	0.46	0.87	0.81	0.88	0.81	0.82	0.79	0.22
Non Current Assets Total	1.0	0.84	0.73	0.79	1.0	0.8	0.77	0.49		0.11	0.63	0.89	0.97	-0.2	0.99	0.48	0.58	0.49	-0.01	0.26	0.43	0.25	0.61	0.6	0.2	0.77
Non Currrent Assets Other	0.12	-0.08	0.43	0.52	0.1	-0.12	0.45	0.69	0.11		0.39	0.14	0.04	0.0	0.06	0.64	0.51	0.73	0.48	0.64	0.32	0.61	0.56	0.57	0.76	-0.09
Net Receivables	0.66	0.41	0.93	0.87	0.63	0.34	0.84	0.83	0.63	0.39		0.62	0.56	-0.02	0.62	0.86	0.96	0.85	0.33	0.76	0.78	0.62	0.75	0.74	0.54	0.37
Common Stock Shares Outstanding	0.88	0.74	0.74	0.84	0.9	0.73	0.87	0.52	0.89	0.14	0.62		0.87	-0.03	0.88	0.47	0.55	0.48	0.13	0.22	0.36	0.22	0.54	0.51	0.23	0.7
Non Current Liabilities Total	0.96	0.95	0.63	0.73	0.97	0.92	0.69	0.39	0.97	0.04	0.56	0.87		-0.22	0.99	0.37	0.5	0.39	-0.06	0.14	0.4	0.14	0.61	0.57	0.19	0.89
Other Stockholder Equity	-0.2	-0.3	-0.18	-0.19	-0.2	-0.29	-0.13	-0.13	-0.2	0.0	-0.02	-0.03	-0.22		-0.22	-0.18	-0.16	-0.17	-0.09	-0.13	-0.29	-0.09	-0.27	-0.41	-0.19	-0.28
Total Liab	0.98	0.91	0.69	0.77	0.99	0.87	0.73	0.44	0.99	0.06	0.62	0.88	0.99	-0.22		0.43	0.56	0.45	-0.05	0.21	0.44	0.2	0.63	0.6	0.2	0.85
Property Plant And Equipment Gross	0.51	0.18	0.89	0.85	0.48	0.1	0.78	0.93	0.48	0.64	0.86	0.47	0.37	-0.18	0.43		0.94	0.98	0.37	0.96	0.82	0.81	0.81	0.81	0.69	0.17
Total Current Assets	0.61	0.37	0.92	0.89	0.57	0.31	0.83	0.92	0.58	0.51	0.96	0.55	0.5	-0.16	0.56	0.94		0.93	0.43	0.86	0.9	0.75	0.83	0.82	0.71	0.36
Inventory	0.52	0.22	0.88	0.86	0.49	0.15	0.78	0.96	0.49	0.73	0.85	0.48	0.39	-0.17	0.45	0.98	0.93		0.37	0.93	0.8	0.84	0.87	0.86	0.77	0.22
Other Current Assets	0.01	-0.09	0.29	0.37	-0.02	-0.05	0.45	0.46	-0.01	0.48	0.33	0.13	-0.06	-0.09	-0.05	0.37	0.43	0.37		0.3	0.34	0.29	0.1	0.25	0.63	-0.13
Cash	0.3	-0.05	0.76	0.67	0.26	-0.13	0.59	0.87	0.26	0.64	0.76	0.22	0.14	-0.13	0.21	0.96	0.86	0.93	0.3		0.79	0.85	0.72	0.7	0.65	-0.03
Cash And Short Term Investments	0.47	0.34	0.75	0.71	0.42	0.29	0.62	0.81	0.43	0.32	0.78	0.36	0.4	-0.29	0.44	0.82	0.9	0.8	0.34	0.79		0.72	0.77	0.71	0.7	0.39
Other Current Liab	0.28	-0.02	0.68	0.61	0.25	-0.08	0.52	0.88	0.25	0.61	0.62	0.22	0.14	-0.09	0.2	0.81	0.75	0.84	0.29	0.85	0.72		0.66	0.65	0.62	0.01
Other Liab	0.63	0.53	0.78	0.81	0.61	0.47	0.67	0.81	0.61	0.56	0.75	0.54	0.61	-0.27	0.63	0.81	0.83	0.87	0.1	0.72	0.77	0.66		0.91	0.72	0.57
Net Tangible Assets	0.62	0.49	0.82	0.81	0.6	0.44	0.71	0.82	0.6	0.57	0.74	0.51	0.57	-0.41	0.6	0.81	0.82	0.86	0.25	0.7	0.71	0.65	0.91		0.69	0.48
Other Assets	0.22	0.16	0.53	0.61	0.18	0.15	0.53	0.79	0.2	0.76	0.54	0.23	0.19	-0.19	0.2	0.69	0.71	0.77	0.63	0.65	0.7	0.62	0.72	0.69		0.21
Long Term Debt	0.75	0.98	0.41	0.54	0.77	0.97	0.47	0.22	0.77	-0.09	0.37	0.7	0.89	-0.28	0.85	0.17	0.36	0.22	-0.13	-0.03	0.39	0.01	0.57	0.48	0.21

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	66.0B	37.6B
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	951M	430M	547M	2.7B	2.9B
Net Receivables	2.5B	2.5B	3.1B	3.6B	3.2B	3.3B
Common Stock Shares Outstanding	2.4B	2.4B	2.4B	2.3B	2.2B	2.2B
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
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
Cash	139M	184M	744M	920M	877M	920.9M
Cash And Short Term Investments	629M	489M	1.1B	1.4B	1.4B	1.5B
Other Current Liab	819M	722M	948M	6.9B	4.7B	5.0B
Other Liab	16.3B	16.2B	17.2B	17.0B	19.5B	20.5B
Net Tangible Assets	35.0B	32.4B	36.9B	38.2B	43.9B	46.1B
Other Assets	1.2B	1.1B	565M	553M	3.6B	3.8B
Long Term Debt	18.6B	20.1B	13.7B	11.0B	9.8B	11.0B
Common Stock Total Equity	9.1B	9.3B	9.5B	9.6B	11.0B	11.6B
Short Term Investments	490M	305M	309M	491M	525M	272.4M
Short Long Term Debt	2.4B	1.3B	1B	404M	980M	967.5M
Short Term Debt	2.4B	1.3B	1B	404M	1.3B	860.4M
Common Stock	9.5B	9.6B	10.2B	10.3B	10.7B	11.2B
Property Plant Equipment	72.4B	69.8B	70.2B	68.5B	78.8B	44.5B
Current Deferred Revenue	2.6B	2.3B	4.7B	3.2B	3.7B	2.6B
Long Term Debt Total	20.4B	21.6B	15.1B	12.3B	14.2B	18.4B
Capital Lease Obligations	2.0B	1.9B	1.6B	1.5B	1.8B	1.9B
Non Current Liabilities Other	7.4B	5.9B	7.0B	8.2B	8.7B	5.3B
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 together with Canadian Stock

0.72

SM Energy

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

Additional Tools for Canadian Stock Analysis

When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.

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