Caribbean Free Cash Flow Yield vs Ptb Ratio Analysis

CUP-U Stock

USD 13.88 0.02 0.14%

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

Free Cash Flow Yield vs Ptb Ratio

Free Cash Flow Yield vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Caribbean Utilities Free Cash Flow Yield account and Ptb Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Caribbean Utilities' Free Cash Flow Yield and Ptb Ratio is 0.41. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Caribbean Utilities, assuming nothing else is changed. The correlation between historical values of Caribbean Utilities' Free Cash Flow Yield and Ptb 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 Free Cash Flow Yield of Caribbean Utilities are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Caribbean Utilities' Free Cash Flow Yield and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	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.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Caribbean Utilities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Caribbean Utilities 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 Caribbean Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At this time, Caribbean Utilities' Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 12.10 in 2024, whereas Enterprise Value is likely to drop slightly above 440.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	86.9M	90.4M	104.9M	82.7M
Total Revenue	198.5M	267.3M	287.2M	175.5M

Gross Profit Total Revenue

Caribbean Utilities fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Intangible Assets	Other Liab
Common Stock Shares Outstanding		0.93	0.9	-0.26	0.42	0.93	0.95	0.9	0.85	0.43	0.04	0.94	-0.66	0.04	0.16	0.85	0.41	0.56	0.89	0.89	0.53	0.31	-0.67	0.9	0.78	0.62
Total Assets	0.93		0.98	-0.28	0.46	0.98	1.0	0.97	0.95	0.58	0.13	1.0	-0.46	0.13	0.27	0.95	0.6	0.68	0.84	0.98	0.74	0.31	-0.54	0.94	0.91	0.7
Short Long Term Debt Total	0.9	0.98		-0.3	0.48	0.92	0.98	0.98	0.93	0.6	0.14	0.98	-0.46	0.14	0.3	0.95	0.58	0.69	0.82	1.0	0.76	0.34	-0.57	0.9	0.88	0.67
Other Current Liab	-0.26	-0.28	-0.3		-0.14	-0.27	-0.29	-0.27	-0.2	-0.06	-0.18	-0.29	-0.08	-0.18	-0.01	-0.3	-0.11	0.04	-0.2	-0.29	-0.12	-0.13	0.01	-0.34	-0.31	-0.22
Total Current Liabilities	0.42	0.46	0.48	-0.14		0.38	0.45	0.55	0.61	0.59	-0.39	0.45	-0.17	-0.39	0.83	0.25	0.44	0.48	0.56	0.5	0.36	0.97	-0.36	0.45	0.47	0.17
Total Stockholder Equity	0.93	0.98	0.92	-0.27	0.38		0.98	0.9	0.93	0.47	0.17	0.98	-0.43	0.17	0.18	0.91	0.55	0.6	0.83	0.92	0.67	0.24	-0.48	0.95	0.91	0.74
Property Plant And Equipment Net	0.95	1.0	0.98	-0.29	0.45	0.98		0.96	0.94	0.55	0.1	1.0	-0.48	0.1	0.24	0.94	0.55	0.64	0.84	0.97	0.67	0.3	-0.55	0.95	0.9	0.69
Net Debt	0.9	0.97	0.98	-0.27	0.55	0.9	0.96		0.93	0.68	-0.05	0.96	-0.49	-0.05	0.41	0.9	0.62	0.75	0.82	0.99	0.7	0.4	-0.6	0.87	0.86	0.56
Retained Earnings	0.85	0.95	0.93	-0.2	0.61	0.93	0.94	0.93		0.62	0.03	0.94	-0.29	0.03	0.46	0.86	0.67	0.67	0.79	0.94	0.73	0.47	-0.42	0.91	0.96	0.69
Accounts Payable	0.43	0.58	0.6	-0.06	0.59	0.47	0.55	0.68	0.62		-0.42	0.55	-0.18	-0.42	0.71	0.48	0.83	0.88	0.47	0.64	0.62	0.43	-0.39	0.42	0.48	0.03
Cash	0.04	0.13	0.14	-0.18	-0.39	0.17	0.1	-0.05	0.03	-0.42		0.1	0.1	1.0	-0.61	0.29	-0.2	-0.29	-0.01	0.1	0.32	-0.39	0.17	0.2	0.15	0.61
Non Current Assets Total	0.94	1.0	0.98	-0.29	0.45	0.98	1.0	0.96	0.94	0.55	0.1		-0.47	0.1	0.24	0.94	0.56	0.64	0.84	0.97	0.68	0.3	-0.54	0.95	0.9	0.69
Non Currrent Assets Other	-0.66	-0.46	-0.46	-0.08	-0.17	-0.43	-0.48	-0.49	-0.29	-0.18	0.1	-0.47		0.1	0.0	-0.45	-0.03	-0.42	-0.74	-0.46	-0.22	-0.12	0.95	-0.36	-0.15	-0.21
Cash And Short Term Investments	0.04	0.13	0.14	-0.18	-0.39	0.17	0.1	-0.05	0.03	-0.42	1.0	0.1	0.1		-0.61	0.29	-0.2	-0.29	-0.01	0.1	0.32	-0.39	0.17	0.2	0.15	0.61
Net Receivables	0.16	0.27	0.3	-0.01	0.83	0.18	0.24	0.41	0.46	0.71	-0.61	0.24	0.0	-0.61		0.12	0.61	0.63	0.36	0.33	0.38	0.78	-0.27	0.16	0.35	-0.08
Non Current Liabilities Total	0.85	0.95	0.95	-0.3	0.25	0.91	0.94	0.9	0.86	0.48	0.29	0.94	-0.45	0.29	0.12		0.56	0.61	0.79	0.94	0.74	0.08	-0.52	0.88	0.86	0.75
Inventory	0.41	0.6	0.58	-0.11	0.44	0.55	0.55	0.62	0.67	0.83	-0.2	0.56	-0.03	-0.2	0.61	0.56		0.82	0.47	0.62	0.74	0.25	-0.26	0.5	0.62	0.3
Other Current Assets	0.56	0.68	0.69	0.04	0.48	0.6	0.64	0.75	0.67	0.88	-0.29	0.64	-0.42	-0.29	0.63	0.61	0.82		0.65	0.72	0.78	0.32	-0.62	0.46	0.57	0.2
Other Stockholder Equity	0.89	0.84	0.82	-0.2	0.56	0.83	0.84	0.82	0.79	0.47	-0.01	0.84	-0.74	-0.01	0.36	0.79	0.47	0.65		0.82	0.6	0.43	-0.83	0.79	0.71	0.6
Total Liab	0.89	0.98	1.0	-0.29	0.5	0.92	0.97	0.99	0.94	0.64	0.1	0.97	-0.46	0.1	0.33	0.94	0.62	0.72	0.82		0.77	0.35	-0.57	0.9	0.88	0.65
Total Current Assets	0.53	0.74	0.76	-0.12	0.36	0.67	0.67	0.7	0.73	0.62	0.32	0.68	-0.22	0.32	0.38	0.74	0.74	0.78	0.6	0.77		0.22	-0.43	0.58	0.7	0.6
Short Term Debt	0.31	0.31	0.34	-0.13	0.97	0.24	0.3	0.4	0.47	0.43	-0.39	0.3	-0.12	-0.39	0.78	0.08	0.25	0.32	0.43	0.35	0.22		-0.28	0.31	0.33	0.08
Common Stock	-0.67	-0.54	-0.57	0.01	-0.36	-0.48	-0.55	-0.6	-0.42	-0.39	0.17	-0.54	0.95	0.17	-0.27	-0.52	-0.26	-0.62	-0.83	-0.57	-0.43	-0.28		-0.4	-0.28	-0.23
Current Deferred Revenue	0.9	0.94	0.9	-0.34	0.45	0.95	0.95	0.87	0.91	0.42	0.2	0.95	-0.36	0.2	0.16	0.88	0.5	0.46	0.79	0.9	0.58	0.31	-0.4		0.89	0.73
Intangible Assets	0.78	0.91	0.88	-0.31	0.47	0.91	0.9	0.86	0.96	0.48	0.15	0.9	-0.15	0.15	0.35	0.86	0.62	0.57	0.71	0.88	0.7	0.33	-0.28	0.89		0.74
Other Liab	0.62	0.7	0.67	-0.22	0.17	0.74	0.69	0.56	0.69	0.03	0.61	0.69	-0.21	0.61	-0.08	0.75	0.3	0.2	0.6	0.65	0.6	0.08	-0.23	0.73	0.74

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Caribbean Utilities Account Relationship Matchups

Caribbean Utilities fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	33.3M	33.3M	34.1M	37.2M	37.8M	31.5M
Total Assets	600.4M	633.7M	634.2M	726.5M	777.8M	522.5M
Short Long Term Debt Total	322.1M	307.4M	293.4M	358.6M	399.7M	262.1M
Other Current Liab	4.6M	6.2M	4.3M	4.7M	4.3M	4.1M
Total Current Liabilities	52.1M	47.1M	55.8M	77.0M	133.7M	140.3M
Total Stockholder Equity	237.9M	289.5M	297.9M	308.2M	324.7M	221.8M
Property Plant And Equipment Net	538.0M	554.5M	576.7M	637.0M	695.2M	463.1M
Net Debt	298.5M	261.8M	286.0M	350.7M	395.7M	252.9M
Retained Earnings	107.3M	108.3M	111.6M	117.6M	128.3M	109.6M
Accounts Payable	22.1M	15.4M	23.9M	38.9M	33.9M	25.6M
Cash	23.7M	45.6M	7.4M	7.9M	4.0M	3.8M
Non Current Assets Total	542.0M	558.5M	580.9M	643.1M	701.6M	468.5M
Non Currrent Assets Other	391K	313K	232K	2.0M	1.9M	2.0M
Cash And Short Term Investments	23.7M	45.6M	7.4M	7.9M	4.0M	3.8M
Net Receivables	9.1M	4.1M	11.3M	21.6M	27.7M	29.1M
Liabilities And Stockholders Equity	600.4M	633.7M	634.2M	726.5M	777.8M	522.5M
Non Current Liabilities Total	310.3M	297.1M	280.5M	341.3M	319.4M	235.4M
Inventory	4.5M	3.4M	5.3M	8.0M	5.7M	4.8M
Other Current Assets	18.1M	18.2M	24.7M	41.9M	34.6M	20.5M
Other Stockholder Equity	130.3M	181.7M	185.7M	190.0M	194.3M	204.0M
Total Liab	362.5M	344.2M	336.3M	418.3M	453.1M	300.7M
Total Current Assets	58.4M	75.1M	53.3M	83.4M	76.2M	54.0M
Accumulated Other Comprehensive Income	(1.9M)	(2.9M)	(1.9M)	(1.9M)	(324K)	(307.8K)
Short Term Debt	14.9M	14.2M	15.6M	20.6M	81.5M	85.6M
Common Stock	2.0M	2.2M	2.2M	2.2M	2.3M	2.1M
Current Deferred Revenue	10.5M	11.3M	11.9M	12.8M	14.0M	9.7M
Intangible Assets	3.6M	3.7M	3.9M	4.2M	4.6M	3.7M
Other Liab	3.2M	3.9M	2.6M	2.5M	2.9M	2.6M
Net Tangible Assets	235.0M	286.3M	294.3M	304.4M	350.0M	266.2M
Other Assets	1.3M	1.1M	677K	567K	510.3K	865.6K
Long Term Debt	307.2M	293.2M	277.7M	338.0M	318.2M	297.3M
Deferred Long Term Liab	884K	775K	667K	558K	502.2K	792.9K
Short Long Term Debt	14.9M	14.1M	15.6M	19.5M	79.6M	83.6M
Property Plant Equipment	538.0M	554.5M	576.9M	638.9M	734.7M	564.3M
Non Current Liabilities Other	1.3M	988K	893K	1.4M	719K	1.0M
Net Invested Capital	559.7M	596.6M	590.9M	665.5M	722.3M	651.8M
Net Working Capital	6.3M	28.0M	(2.5M)	6.4M	(57.4M)	(54.6M)
Capital Stock	2.2M	2.5M	2.5M	2.5M	2.5M	2.6M

Pair Trading with Caribbean Utilities

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

Moving against Caribbean Stock

0.7	JPM	JPMorgan Chase	Pair Corr
0.6	BOFA	Bank of America	Pair Corr
0.6	RY-PS	Royal Bank	Pair Corr
0.51	RY-PM	Royal Bank	Pair Corr
0.51	TD-PFI	Toronto Dominion Bank	Pair Corr

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

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

When running Caribbean Utilities' price analysis, check to measure Caribbean Utilities' 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 Caribbean Utilities is operating at the current time. Most of Caribbean Utilities' value examination focuses on studying past and present price action to predict the probability of Caribbean Utilities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caribbean Utilities' price. Additionally, you may evaluate how the addition of Caribbean Utilities to your portfolios can decrease your overall portfolio volatility.

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