Digatrade Price To Sales Ratio vs Free Cash Flow Yield Analysis
| DIGAF Stock | USD 0.0001 0.00 0.00% |
Digatrade Financial financial indicator trend analysis is much more than just examining Digatrade Financial Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digatrade Financial Corp is a good investment. Please check the relationship between Digatrade Financial Price To Sales Ratio and its Free Cash Flow Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digatrade Financial Corp. 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.
Price To Sales Ratio vs Free Cash Flow Yield
Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digatrade Financial Corp Price To Sales Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Digatrade Financial's Price To Sales Ratio and Free Cash Flow Yield is -0.15. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Digatrade Financial Corp, assuming nothing else is changed. The correlation between historical values of Digatrade Financial's Price To Sales Ratio and Free Cash Flow 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 Price To Sales Ratio of Digatrade Financial Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Price To Sales Ratio i.e., Digatrade Financial's Price To Sales Ratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | -0.15 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Digatrade Financial Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Digatrade Financial sales, a figure that is much harder to manipulate than other Digatrade Financial Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.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.Most indicators from Digatrade Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digatrade Financial Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digatrade Financial Corp. 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. The Digatrade Financial's current Sales General And Administrative To Revenue is estimated to increase to 161.18, while Selling General Administrative is projected to decrease to roughly 456.7 K.
| 2023 | 2024 (projected) | Total Operating Expenses | 561.1K | 519.1K | Cost Of Revenue | 118.1K | 101.0K |
Digatrade Financial fundamental ratios Correlations
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Digatrade Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Digatrade Financial fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 527.2K | 304.4K | 293.2K | 303.9K | 349.4K | 334.0K | |
| Total Current Liabilities | 1.1M | 735.3K | 1.9M | 850.7K | 978.3K | 1.1M | |
| Total Stockholder Equity | (250.9K) | (273.2K) | (1.6M) | (546.8K) | (492.1K) | (516.7K) | |
| Net Tangible Assets | 381.1K | (299.9K) | (1.6M) | (546.8K) | (492.1K) | (516.7K) | |
| Retained Earnings | (5.7M) | (7.8M) | (10.5M) | (10.1M) | (9.1M) | (9.5M) | |
| Accounts Payable | 63.3K | 32.3K | 73.4K | 135.1K | 155.4K | 163.2K | |
| Cash | 493.8K | 113.2K | 476.0 | 39.2K | 45.1K | 42.8K | |
| Net Receivables | 11.2K | 13.7K | 12.0K | 11.0K | 12.7K | 11.1K | |
| Total Liab | 778.1K | 735.3K | 1.9M | 850.7K | 978.3K | 1.1M | |
| Short Long Term Debt | 636.9K | 242.9K | 103.6K | 164.0K | 147.6K | 288.1K | |
| Total Current Assets | 1.5M | 277.7K | 293.2K | 303.9K | 349.4K | 433.6K | |
| Common Stock | 6.1M | 7.5M | 8.9M | 9.4M | 10.8M | 6.0M | |
| Other Current Assets | 965.3K | 150.9K | 280.6K | 229.9K | 264.3K | 291.0K | |
| Other Current Liab | 733.3K | 370.2K | 1.6M | 551.6K | 634.3K | 572.5K | |
| Common Stock Shares Outstanding | 226.5M | 583.7M | 1.3B | 1.6B | 1.8B | 1.9B | |
| Net Debt | 155.0K | 129.7K | 103.1K | 124.8K | 112.3K | 106.7K | |
| Net Invested Capital | 397.9K | (30.3K) | (1.5M) | (382.8K) | (344.5K) | (327.3K) | |
| Net Working Capital | (239.0K) | (457.7K) | (1.6M) | (546.8K) | (492.1K) | (516.7K) |
Currently Active Assets on Macroaxis
When determining whether Digatrade Financial Corp is a strong investment it is important to analyze Digatrade Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Digatrade Financial's future performance. For an informed investment choice regarding Digatrade Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digatrade Financial Corp. 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. 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.
Is IT Consulting & Other Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Digatrade Financial. If investors know Digatrade will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Digatrade Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.67) |
The market value of Digatrade Financial Corp is measured differently than its book value, which is the value of Digatrade that is recorded on the company's balance sheet. Investors also form their own opinion of Digatrade Financial's value that differs from its market value or its book value, called intrinsic value, which is Digatrade Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Digatrade Financial's market value can be influenced by many factors that don't directly affect Digatrade Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Digatrade Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digatrade Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digatrade Financial'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.