Corpay Free Cash Flow vs Capital Expenditures Analysis

CPAY Stock   381.18  0.56  0.15%   
Corpay financial indicator trend analysis is way more than just evaluating Corpay Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corpay Inc is a good investment. Please check the relationship between Corpay Free Cash Flow and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corpay Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corpay Inc Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between Corpay's Free Cash Flow and Capital Expenditures is 0.72. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Corpay Inc, assuming nothing else is changed. The correlation between historical values of Corpay's Free Cash Flow and Capital Expenditures 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 of Corpay Inc are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Corpay's Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by Corpay Inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Corpay operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Corpay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corpay Inc 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 Corpay Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Corpay's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 19.54 in 2024, whereas Selling General Administrative is likely to drop slightly above 415.6 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit2.3B2.7B2.9B1.9B
Total Revenue2.8B3.4B3.8B2.5B

Corpay fundamental ratios Correlations

0.990.710.960.850.920.970.910.960.90.960.620.910.920.99-0.250.990.730.36-0.540.990.950.840.80.83-0.34
0.990.660.970.760.910.990.930.960.910.930.690.910.930.95-0.320.980.750.26-0.551.00.960.890.740.82-0.32
0.710.660.710.60.730.640.70.650.640.650.370.640.590.68-0.550.670.840.86-0.830.70.720.510.480.86-0.78
0.960.970.710.680.960.960.960.950.90.860.720.910.950.9-0.430.940.80.33-0.650.980.990.90.620.81-0.38
0.850.760.60.680.680.730.60.790.750.930.210.750.710.910.140.80.410.36-0.250.750.660.60.930.66-0.26
0.920.910.730.960.680.890.950.910.880.80.630.880.950.85-0.420.880.810.37-0.690.930.970.840.540.77-0.4
0.970.990.640.960.730.890.910.940.840.920.690.840.920.95-0.350.980.750.25-0.560.990.940.860.740.81-0.34
0.910.930.70.960.60.950.910.880.860.780.810.860.90.84-0.480.910.840.38-0.670.950.980.790.490.81-0.35
0.960.960.650.950.790.910.940.880.90.920.630.90.920.94-0.250.940.690.27-0.520.960.930.850.760.78-0.33
0.90.910.640.90.750.880.840.860.90.830.631.00.860.86-0.220.870.660.27-0.450.90.910.850.640.73-0.24
0.960.930.650.860.930.80.920.780.920.830.460.830.840.99-0.070.950.590.32-0.390.920.830.760.930.78-0.3
0.620.690.370.720.210.630.690.810.630.630.460.630.640.53-0.560.660.680.09-0.470.70.750.610.180.62-0.15
0.910.910.640.910.750.880.840.860.91.00.830.630.860.87-0.220.870.660.28-0.450.90.910.850.640.73-0.25
0.920.930.590.950.710.950.920.90.920.860.840.640.860.87-0.360.880.730.15-0.610.930.930.920.620.76-0.37
0.990.950.680.90.910.850.950.840.940.860.990.530.870.87-0.150.970.650.35-0.450.950.880.790.880.81-0.32
-0.25-0.32-0.55-0.430.14-0.42-0.35-0.48-0.25-0.22-0.07-0.56-0.22-0.36-0.15-0.27-0.8-0.370.87-0.35-0.45-0.370.19-0.610.74
0.990.980.670.940.80.880.980.910.940.870.950.660.870.880.97-0.270.740.33-0.510.980.930.80.790.82-0.31
0.730.750.840.80.410.810.750.840.690.660.590.680.660.730.65-0.80.740.56-0.920.780.830.630.320.91-0.74
0.360.260.860.330.360.370.250.380.270.270.320.090.280.150.35-0.370.330.56-0.60.330.360.040.230.55-0.61
-0.54-0.55-0.83-0.65-0.25-0.69-0.56-0.67-0.52-0.45-0.39-0.47-0.45-0.61-0.450.87-0.51-0.92-0.6-0.59-0.66-0.53-0.14-0.80.88
0.991.00.70.980.750.930.990.950.960.90.920.70.90.930.95-0.350.980.780.33-0.590.980.860.720.83-0.35
0.950.960.720.990.660.970.940.980.930.910.830.750.910.930.88-0.450.930.830.36-0.660.980.860.570.81-0.37
0.840.890.510.90.60.840.860.790.850.850.760.610.850.920.79-0.370.80.630.04-0.530.860.860.570.68-0.33
0.80.740.480.620.930.540.740.490.760.640.930.180.640.620.880.190.790.320.23-0.140.720.570.570.61-0.2
0.830.820.860.810.660.770.810.810.780.730.780.620.730.760.81-0.610.820.910.55-0.80.830.810.680.61-0.74
-0.34-0.32-0.78-0.38-0.26-0.4-0.34-0.35-0.33-0.24-0.3-0.15-0.25-0.37-0.320.74-0.31-0.74-0.610.88-0.35-0.37-0.33-0.2-0.74
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Corpay Account Relationship Matchups

Corpay fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.2B11.2B13.4B14.1B15.5B11.9B
Short Long Term Debt Total5.1B4.3B6.0B7.0B6.7B5.0B
Other Current Liab1.4B1.6B2.3B560.9M3.0B3.1B
Total Current Liabilities4.5B4.0B5.3B6.0B6.8B4.6B
Total Stockholder Equity3.7B3.4B2.9B2.5B3.3B3.3B
Property Plant And Equipment Net284.1M202.5M236.3M294.7M429.7M216.4M
Net Debt3.5B3.4B4.5B5.6B5.3B3.9B
Retained Earnings4.7B5.4B6.3B7.2B8.2B4.5B
Accounts Payable1.2B1.1B1.4B1.6B1.6B1.2B
Cash1.7B934.9M1.5B1.4B1.4B1.1B
Non Current Assets Total7.6B7.2B7.9B8.0B8.4B7.6B
Non Currrent Assets Other108.2M193.2M213.9M281.7M162.1M150.1M
Cash And Short Term Investments1.7B934.9M1.5B1.4B1.4B1.1B
Net Receivables2.6B2.1B1.8B3.4B3.5B2.3B
Good Will4.8B4.7B5.1B5.2B5.6B4.8B
Common Stock Shares Outstanding90.1M86.7M84.1M76.9M74.4M69.7M
Liabilities And Stockholders Equity12.2B11.2B13.4B14.1B15.5B11.9B
Non Current Liabilities Total4.1B3.9B5.2B5.5B5.4B4.1B
Other Current Assets381.2M1.7B2.2B(1.7B)2.2B2.3B
Other Stockholder Equity(28.8M)(698.5M)(1.9B)(3.2B)(10.9B)(10.3B)
Total Liab8.5B7.8B10.5B11.5B12.2B8.6B
Total Current Assets4.6B4.0B5.5B6.1B7.1B4.3B
Accumulated Other Comprehensive Income(972.5M)(1.4B)(1.5B)(1.5B)(1.3B)(1.4B)
Short Term Debt1.8B1.2B1.5B2.3B2.1B1.7B
Intangible Assets2.3B2.1B2.3B2.1B2.1B2.4B
Common Stock124K126K127K128K129K135.8K

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