Canadian Free Cash Flow Yield vs Dividend Yield Analysis

CP Stock

CAD 107.21 2.13 2.03%

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

Free Cash Flow Yield vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Pacific Railway Free Cash Flow Yield account and Dividend Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Canadian Pacific's Free Cash Flow Yield and Dividend Yield is -0.49. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Canadian Pacific Railway, assuming nothing else is changed. The correlation between historical values of Canadian Pacific's Free Cash Flow Yield and Dividend Yield 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 Pacific Railway are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Free Cash Flow Yield i.e., Canadian Pacific's Free Cash Flow Yield and Dividend Yield go up and down completely randomly.

Correlation Coefficient

-0.49

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.

Dividend Yield

Dividend Yield is Canadian Pacific Railway dividend as a percentage of Canadian Pacific stock price. Canadian Pacific Railway dividend yield is a measure of Canadian Pacific stock productivity, which can be interpreted as interest rate earned on an Canadian Pacific investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Most indicators from Canadian Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Pacific Railway 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 Pacific Railway. 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, Canadian Pacific's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 51.6 B, while Selling General Administrative is likely to drop about 1.2 B.

	2021	2022	2023	2024 (projected)
Gross Profit	4.4B	4.6B	4.8B	3.6B
Total Revenue	8.0B	8.8B	12.6B	13.2B

Gross Profit Total Revenue

Canadian Pacific 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	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	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	Common Stock	Cash
Total Assets		0.98	0.67	0.91	1.0	0.84	-0.36	0.98	0.94	0.1	1.0	0.81	0.23	0.86	-0.09	0.34	0.99	0.91	0.23	-0.2	0.99	0.92	0.77	0.92	0.99	0.02
Short Long Term Debt Total	0.98		0.68	0.91	0.96	0.86	-0.36	1.0	0.94	0.0	0.98	0.74	0.22	0.86	-0.09	0.21	0.99	0.9	0.14	-0.24	1.0	0.92	0.74	0.92	0.94	-0.05
Other Current Liab	0.67	0.68		0.65	0.65	0.62	-0.33	0.68	0.72	-0.12	0.67	0.56	0.37	0.66	0.09	0.22	0.68	0.65	-0.02	-0.46	0.68	0.65	0.65	0.64	0.62	0.09
Total Current Liabilities	0.91	0.91	0.65		0.9	0.96	-0.44	0.91	0.93	0.22	0.91	0.7	0.17	0.97	-0.12	0.27	0.87	0.97	0.34	-0.21	0.9	0.98	0.87	0.99	0.85	0.01
Total Stockholder Equity	1.0	0.96	0.65	0.9		0.82	-0.35	0.96	0.93	0.14	1.0	0.83	0.23	0.84	-0.08	0.39	0.97	0.91	0.28	-0.17	0.98	0.9	0.79	0.91	0.99	0.05
Property Plant And Equipment Net	0.84	0.86	0.62	0.96	0.82		-0.25	0.85	0.91	0.08	0.83	0.61	0.25	0.99	0.02	0.34	0.81	0.95	0.17	-0.18	0.84	0.99	0.88	0.95	0.76	0.0
Current Deferred Revenue	-0.36	-0.36	-0.33	-0.44	-0.35	-0.25		-0.38	-0.3	-0.49	-0.36	-0.22	0.53	-0.29	0.56	0.45	-0.35	-0.33	-0.53	0.1	-0.36	-0.29	-0.09	-0.42	-0.35	0.32
Net Debt	0.98	1.0	0.68	0.91	0.96	0.85	-0.38		0.93	0.0	0.98	0.74	0.2	0.86	-0.1	0.2	0.99	0.9	0.15	-0.23	1.0	0.92	0.72	0.92	0.95	-0.07
Retained Earnings	0.94	0.94	0.72	0.93	0.93	0.91	-0.3	0.93		-0.05	0.94	0.79	0.25	0.93	0.06	0.37	0.92	0.91	0.06	-0.17	0.94	0.95	0.82	0.95	0.88	-0.08
Accounts Payable	0.1	0.0	-0.12	0.22	0.14	0.08	-0.49	0.0	-0.05		0.09	0.19	-0.23	0.13	-0.46	0.11	-0.01	0.25	0.95	0.0	0.02	0.1	0.18	0.18	0.16	0.36
Non Current Assets Total	1.0	0.98	0.67	0.91	1.0	0.83	-0.36	0.98	0.94	0.09		0.81	0.22	0.85	-0.09	0.33	0.99	0.91	0.23	-0.19	0.99	0.91	0.76	0.91	0.99	0.01
Non Currrent Assets Other	0.81	0.74	0.56	0.7	0.83	0.61	-0.22	0.74	0.79	0.19	0.81		0.35	0.67	-0.08	0.58	0.77	0.76	0.22	-0.14	0.77	0.69	0.68	0.7	0.8	0.24
Cash And Short Term Investments	0.23	0.22	0.37	0.17	0.23	0.25	0.53	0.2	0.25	-0.23	0.22	0.35		0.25	0.42	0.56	0.22	0.27	-0.24	-0.35	0.22	0.25	0.52	0.17	0.19	0.78
Net Receivables	0.86	0.86	0.66	0.97	0.84	0.99	-0.29	0.86	0.93	0.13	0.85	0.67	0.25		0.0	0.37	0.82	0.96	0.21	-0.2	0.85	0.99	0.89	0.96	0.78	0.02
Common Stock Total Equity	-0.09	-0.09	0.09	-0.12	-0.08	0.02	0.56	-0.1	0.06	-0.46	-0.09	-0.08	0.42	0.0		0.43	-0.09	-0.1	-0.53	0.11	-0.1	-0.02	0.11	-0.09	-0.11	0.11
Common Stock Shares Outstanding	0.34	0.21	0.22	0.27	0.39	0.34	0.45	0.2	0.37	0.11	0.33	0.58	0.56	0.37	0.43		0.24	0.4	0.06	0.16	0.25	0.36	0.58	0.27	0.36	0.5
Non Current Liabilities Total	0.99	0.99	0.68	0.87	0.97	0.81	-0.35	0.99	0.92	-0.01	0.99	0.77	0.22	0.82	-0.09	0.24		0.88	0.14	-0.23	1.0	0.89	0.71	0.88	0.96	-0.04
Inventory	0.91	0.9	0.65	0.97	0.91	0.95	-0.33	0.9	0.91	0.25	0.91	0.76	0.27	0.96	-0.1	0.4	0.88		0.35	-0.22	0.9	0.97	0.9	0.95	0.86	0.13
Other Current Assets	0.23	0.14	-0.02	0.34	0.28	0.17	-0.53	0.15	0.06	0.95	0.23	0.22	-0.24	0.21	-0.53	0.06	0.14	0.35		-0.08	0.17	0.21	0.26	0.3	0.31	0.31
Other Stockholder Equity	-0.2	-0.24	-0.46	-0.21	-0.17	-0.18	0.1	-0.23	-0.17	0.0	-0.19	-0.14	-0.35	-0.2	0.11	0.16	-0.23	-0.22	-0.08		-0.23	-0.18	-0.28	-0.19	-0.15	-0.3
Total Liab	0.99	1.0	0.68	0.9	0.98	0.84	-0.36	1.0	0.94	0.02	0.99	0.77	0.22	0.85	-0.1	0.25	1.0	0.9	0.17	-0.23		0.92	0.74	0.91	0.96	-0.03
Property Plant And Equipment Gross	0.92	0.92	0.65	0.98	0.9	0.99	-0.29	0.92	0.95	0.1	0.91	0.69	0.25	0.99	-0.02	0.36	0.89	0.97	0.21	-0.18	0.92		0.88	0.98	0.86	0.01
Total Current Assets	0.77	0.74	0.65	0.87	0.79	0.88	-0.09	0.72	0.82	0.18	0.76	0.68	0.52	0.89	0.11	0.58	0.71	0.9	0.26	-0.28	0.74	0.88		0.85	0.73	0.36
Short Term Debt	0.92	0.92	0.64	0.99	0.91	0.95	-0.42	0.92	0.95	0.18	0.91	0.7	0.17	0.96	-0.09	0.27	0.88	0.95	0.3	-0.19	0.91	0.98	0.85		0.86	-0.02
Common Stock	0.99	0.94	0.62	0.85	0.99	0.76	-0.35	0.95	0.88	0.16	0.99	0.8	0.19	0.78	-0.11	0.36	0.96	0.86	0.31	-0.15	0.96	0.86	0.73	0.86		0.04
Cash	0.02	-0.05	0.09	0.01	0.05	0.0	0.32	-0.07	-0.08	0.36	0.01	0.24	0.78	0.02	0.11	0.5	-0.04	0.13	0.31	-0.3	-0.03	0.01	0.36	-0.02	0.04

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Canadian Pacific Account Relationship Matchups

Canadian Pacific fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.4B	23.6B	68.2B	73.5B	80.4B	84.4B
Short Long Term Debt Total	8.8B	9.8B	20.1B	19.7B	22.8B	24.0B
Other Current Liab	1.1B	1.0B	1.1B	1.2B	1.4B	1.4B
Total Current Liabilities	2.3B	2.7B	3.2B	3.2B	5.7B	6.0B
Total Stockholder Equity	7.1B	7.3B	33.8B	38.9B	41.5B	43.6B
Property Plant And Equipment Net	19.2B	20.4B	21.2B	22.4B	52.1B	54.7B
Current Deferred Revenue	142M	38M	34M	432M	388.8M	311.2M
Net Debt	8.6B	9.6B	20.1B	19.2B	22.4B	23.5B
Retained Earnings	7.6B	8.1B	10.4B	13.2B	16.4B	17.2B
Accounts Payable	453M	401M	432M	503M	680M	574.3M
Non Current Assets Total	21.2B	22.3B	66.8B	71.6B	77.4B	81.3B
Non Currrent Assets Other	451M	438M	419M	3.3B	1.8B	1.9B
Cash And Short Term Investments	133M	147M	69M	451M	464M	282.7M
Net Receivables	805M	825M	819M	1.0B	1.9B	2.0B
Common Stock Shares Outstanding	696.5M	680M	682.8M	932.9M	933.7M	874.9M
Liabilities And Stockholders Equity	22.4B	23.6B	68.2B	73.5B	80.4B	84.4B
Non Current Liabilities Total	13.0B	13.7B	31.2B	31.4B	32.3B	33.9B
Inventory	182M	208M	235M	284M	400M	420M
Other Current Assets	90M	141M	216M	138M	251M	263.6M
Other Stockholder Equity	48M	55M	66M	78M	88M	83.6M
Total Liab	15.3B	16.3B	34.3B	34.6B	38.0B	39.9B
Property Plant And Equipment Gross	19.5B	20.4B	30.1B	31.9B	60.4B	63.4B
Total Current Assets	1.2B	1.3B	1.4B	1.9B	3.0B	3.2B
Accumulated Other Comprehensive Income	(2.5B)	(2.8B)	(2.1B)	91M	(618M)	(648.9M)
Short Term Debt	599M	1.2B	1.6B	1.5B	3.2B	3.4B
Common Stock	2.0B	2.0B	25.5B	25.5B	25.6B	26.9B
Cash	133M	147M	69M	451M	464M	232.1M
Long Term Debt	8.0B	8.6B	18.6B	18.1B	19.4B	11.5B
Long Term Investments	341M	199M	42.5B	45.3B	533M	506.4M
Short Long Term Debt	599M	1.2B	1.6B	1.5B	3.1B	3.3B
Other Liab	4.6B	4.8B	12.4B	13.1B	15.0B	15.8B
Net Tangible Assets	6.6B	6.6B	33.1B	38.5B	44.3B	46.5B
Other Assets	1.1B	1.0B	2.4B	3.3B	3.7B	3.9B
Property Plant Equipment	19.2B	20.4B	21.2B	22.7B	26.0B	20.3B
Long Term Debt Total	8.2B	8.6B	18.6B	18.1B	20.9B	11.9B
Capital Surpluse	48M	55M	66M	78M	89.7M	58.7M

Pair Trading with Canadian Pacific

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

Moving together with Canadian Stock

0.7	T	Telus Corp	Pair Corr
0.67	TD	Toronto Dominion Bank	Pair Corr

Moving against Canadian Stock

0.77	NVDA	NVIDIA CDR	Pair Corr
0.73	TD-PFI	Toronto Dominion Bank	Pair Corr
0.72	TRP	TC Energy Corp	Pair Corr
0.64	ENB	Enbridge	Pair Corr
0.62	MFC	Manulife Financial Corp	Pair Corr

The ability to find closely correlated positions to Canadian Pacific 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 Pacific 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 Pacific - 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 Pacific Railway to buy it.

The correlation of Canadian Pacific 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 Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Pacific Railway 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 Pacific 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 Pacific Railway 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 Pacific Railway Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Pacific Railway Stock:

How To Invest In Canadian

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Is Canadian Stock a good investment?

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What is Canadian Pacific's Net Worth?

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

You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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

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Canadian Free Cash Flow Yield vs Dividend Yield Analysis

Free Cash Flow Yield vs Dividend Yield

Free Cash Flow Yield vs Dividend Yield Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Dividend Yield

Canadian Pacific fundamental ratios Correlations

Canadian Pacific Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Pacific fundamental ratios Accounts

Pair Trading with Canadian Pacific

Moving together with Canadian Stock

Moving against Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Net Debt

Other Current Assets	- 0.53	Common Stock Total Equity
Other Current Assets	- 0.53	Current Deferred Revenue
Accounts Payable	- 0.49	Current Deferred Revenue
Common Stock Total Equity	- 0.46	Accounts Payable
Other Stockholder Equity	- 0.46	Other Current Liab
Current Deferred Revenue	- 0.44	Total Current Liabilities