Denison Ptb Ratio vs Free Cash Flow Yield Analysis

DML Stock

CAD 3.32 0.02 0.60%

Denison Mines financial indicator trend analysis is much more than just examining Denison Mines Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Denison Mines Corp is a good investment. Please check the relationship between Denison Mines Ptb 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 Denison Mines 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 board of governors.

Ptb Ratio vs Free Cash Flow Yield

Ptb 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 Denison Mines Corp Ptb Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak relationship.

The correlation between Denison Mines' Ptb Ratio and Free Cash Flow Yield is 0.32. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Denison Mines Corp, assuming nothing else is changed. The correlation between historical values of Denison Mines' Ptb 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 Ptb Ratio of Denison Mines 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 Ptb Ratio i.e., Denison Mines' Ptb Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

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 Denison Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Denison Mines 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 Denison Mines 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 board of governors.

At this time, Denison Mines' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value Over EBITDA is likely to grow to 19.99, while Selling General Administrative is likely to drop about 10.2 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	30.7M	43.2M	16.8M	22.4M
Cost Of Revenue	12.6M	11.4M	33.9M	25.1M

Total Operating Expenses Cost Of Revenue

Denison Mines fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	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	Intangible Assets	Short Long Term Debt Total	Retained Earnings	Short Term Debt	Current Deferred Revenue
Total Assets		-0.11	0.72	0.99	0.52	-0.75	0.15	0.72	0.99	0.09	0.03	0.73	-0.11	0.71	0.7	0.08	0.16	0.25	0.72	0.66	0.73	-0.01	0.05	-0.32	0.06	0.35
Other Current Liab	-0.11		0.3	-0.15	-0.17	0.16	-0.06	-0.16	-0.06	-0.36	-0.05	-0.15	0.0	0.1	0.1	-0.44	-0.41	-0.46	0.12	-0.15	-0.24	-0.46	0.13	-0.28	-0.17	-0.43
Total Current Liabilities	0.72	0.3		0.65	0.26	-0.5	0.09	0.49	0.74	0.14	0.38	0.54	-0.16	0.81	0.74	-0.21	0.02	-0.11	0.78	0.41	0.48	-0.49	0.38	-0.46	-0.08	0.44
Total Stockholder Equity	0.99	-0.15	0.65		0.54	-0.74	0.19	0.7	0.97	0.1	-0.05	0.7	-0.03	0.63	0.58	0.17	0.21	0.33	0.6	0.68	0.73	0.12	-0.07	-0.24	0.13	0.27
Property Plant And Equipment Net	0.52	-0.17	0.26	0.54		-0.19	0.78	0.19	0.58	0.08	-0.01	0.2	0.24	0.42	0.22	0.16	-0.24	0.46	0.23	0.98	0.24	0.28	-0.03	-0.53	-0.13	-0.07
Net Debt	-0.75	0.16	-0.5	-0.74	-0.19		0.12	-1.0	-0.71	0.01	0.15	-0.97	0.31	-0.63	-0.53	-0.06	-0.26	-0.1	-0.54	-0.3	-0.95	0.03	0.12	-0.03	-0.26	-0.4
Accounts Payable	0.15	-0.06	0.09	0.19	0.78	0.12		-0.12	0.2	0.06	-0.15	-0.13	0.54	0.03	-0.1	0.2	-0.12	0.39	-0.08	0.69	-0.05	0.32	-0.25	-0.25	0.0	-0.35
Cash	0.72	-0.16	0.49	0.7	0.19	-1.0	-0.12		0.68	-0.02	-0.16	0.97	-0.32	0.63	0.51	0.05	0.24	0.09	0.52	0.3	0.95	-0.05	-0.11	0.02	0.25	0.39
Non Current Assets Total	0.99	-0.06	0.74	0.97	0.58	-0.71	0.2	0.68		0.04	0.08	0.7	-0.15	0.76	0.71	0.0	0.05	0.19	0.73	0.72	0.67	-0.07	0.09	-0.43	0.04	0.32
Non Currrent Assets Other	0.09	-0.36	0.14	0.1	0.08	0.01	0.06	-0.02	0.04		0.36	-0.03	0.25	-0.1	0.0	0.55	0.49	0.52	0.01	0.08	0.11	0.35	0.2	0.3	-0.22	0.46
Other Assets	0.03	-0.05	0.38	-0.05	-0.01	0.15	-0.15	-0.16	0.08	0.36		-0.17	-0.3	0.37	0.35	-0.24	-0.08	-0.2	0.36	0.05	-0.24	-0.44	0.68	-0.41	-0.15	0.51
Cash And Short Term Investments	0.73	-0.15	0.54	0.7	0.2	-0.97	-0.13	0.97	0.7	-0.03	-0.17		-0.36	0.69	0.6	-0.01	0.17	0.04	0.61	0.31	0.96	-0.13	-0.02	-0.07	0.14	0.45
Net Receivables	-0.11	0.0	-0.16	-0.03	0.24	0.31	0.54	-0.32	-0.15	0.25	-0.3	-0.36		-0.51	-0.48	0.71	0.5	0.69	-0.46	0.17	-0.13	0.57	-0.44	0.38	0.07	-0.46
Common Stock Shares Outstanding	0.71	0.1	0.81	0.63	0.42	-0.63	0.03	0.63	0.76	-0.1	0.37	0.69	-0.51		0.8	-0.41	-0.28	-0.22	0.82	0.54	0.56	-0.55	0.44	-0.7	-0.06	0.47
Non Current Liabilities Total	0.7	0.1	0.74	0.58	0.22	-0.53	-0.1	0.51	0.71	0.0	0.35	0.6	-0.48	0.8		-0.33	-0.14	-0.22	1.0	0.34	0.49	-0.58	0.56	-0.59	-0.27	0.56
Inventory	0.08	-0.44	-0.21	0.17	0.16	-0.06	0.2	0.05	0.0	0.55	-0.24	-0.01	0.71	-0.41	-0.33		0.8	0.94	-0.33	0.12	0.25	0.72	-0.27	0.57	0.14	0.04
Other Current Assets	0.16	-0.41	0.02	0.21	-0.24	-0.26	-0.12	0.24	0.05	0.49	-0.08	0.17	0.5	-0.28	-0.14	0.8		0.63	-0.13	-0.19	0.38	0.42	-0.26	0.7	0.38	0.22
Other Stockholder Equity	0.25	-0.46	-0.11	0.33	0.46	-0.1	0.39	0.09	0.19	0.52	-0.2	0.04	0.69	-0.22	-0.22	0.94	0.63		-0.22	0.42	0.29	0.74	-0.22	0.32	0.07	0.02
Total Liab	0.72	0.12	0.78	0.6	0.23	-0.54	-0.08	0.52	0.73	0.01	0.36	0.61	-0.46	0.82	1.0	-0.33	-0.13	-0.22		0.35	0.5	-0.59	0.56	-0.59	-0.26	0.56
Property Plant And Equipment Gross	0.66	-0.15	0.41	0.68	0.98	-0.3	0.69	0.3	0.72	0.08	0.05	0.31	0.17	0.54	0.34	0.12	-0.19	0.42	0.35		0.35	0.21	0.0	-0.56	-0.1	0.02
Total Current Assets	0.73	-0.24	0.48	0.73	0.24	-0.95	-0.05	0.95	0.67	0.11	-0.24	0.96	-0.13	0.56	0.49	0.25	0.38	0.29	0.5	0.35		0.07	-0.11	0.09	0.18	0.42
Intangible Assets	-0.01	-0.46	-0.49	0.12	0.28	0.03	0.32	-0.05	-0.07	0.35	-0.44	-0.13	0.57	-0.55	-0.58	0.72	0.42	0.74	-0.59	0.21	0.07		-0.6	0.59	0.2	-0.26
Short Long Term Debt Total	0.05	0.13	0.38	-0.07	-0.03	0.12	-0.25	-0.11	0.09	0.2	0.68	-0.02	-0.44	0.44	0.56	-0.27	-0.26	-0.22	0.56	0.0	-0.11	-0.6		-0.55	-0.58	0.63
Retained Earnings	-0.32	-0.28	-0.46	-0.24	-0.53	-0.03	-0.25	0.02	-0.43	0.3	-0.41	-0.07	0.38	-0.7	-0.59	0.57	0.7	0.32	-0.59	-0.56	0.09	0.59	-0.55		0.32	-0.08
Short Term Debt	0.06	-0.17	-0.08	0.13	-0.13	-0.26	0.0	0.25	0.04	-0.22	-0.15	0.14	0.07	-0.06	-0.27	0.14	0.38	0.07	-0.26	-0.1	0.18	0.2	-0.58	0.32		-0.25
Current Deferred Revenue	0.35	-0.43	0.44	0.27	-0.07	-0.4	-0.35	0.39	0.32	0.46	0.51	0.45	-0.46	0.47	0.56	0.04	0.22	0.02	0.56	0.02	0.42	-0.26	0.63	-0.08	-0.25

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Denison Mines Account Relationship Matchups

Denison Mines fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	300.0M	320.7M	510.3M	515.8M	791.9M	419.9M
Other Current Liab	10.4M	944K	8.3M	7.9M	8.2M	6.7M
Total Current Liabilities	14.9M	11.8M	16.4M	18.4M	17.9M	14.6M
Total Stockholder Equity	210.1M	227.3M	396.7M	436.0M	641.8M	326.0M
Property Plant And Equipment Net	257.3M	256.9M	254.5M	253.5M	254.9M	289.7M
Net Debt	(8.2M)	(24.4M)	(63.5M)	(50.3M)	(130.6M)	(124.1M)
Accounts Payable	7.9M	7.2M	3.2M	5.4M	5.0M	6.5M
Cash	8.2M	25.0M	64.0M	50.9M	131.1M	137.6M
Non Current Assets Total	283.5M	271.3M	423.4M	448.6M	643.4M	359.3M
Non Currrent Assets Other	14.1M	14.1M	14.3M	13.2M	2.1M	2.0M
Other Assets	14.4M	14.1M	14.1M	14.3M	13.2M	0.95
Cash And Short Term Investments	8.2M	41.6M	78.4M	58.9M	141.5M	148.5M
Net Receivables	4.0M	3.4M	3.7M	4.1M	1.9M	1.8M
Common Stock Shares Outstanding	590.3M	628.4M	793.7M	828.7M	854.0M	896.7M
Liabilities And Stockholders Equity	300.0M	320.7M	510.3M	515.8M	791.9M	414.3M
Non Current Liabilities Total	74.9M	81.6M	97.2M	61.4M	132.2M	75.7M
Inventory	3.4M	3.0M	3.5M	2.7M	3.6M	3.4M
Other Current Assets	978K	1.4M	1.3M	1.4M	1.6M	1.0M
Other Stockholder Equity	65.9M	67.4M	67.5M	70.3M	69.8M	66.3M
Total Liab	89.8M	93.4M	113.6M	79.8M	150.1M	90.3M
Property Plant And Equipment Gross	257.3M	256.9M	286.4M	289.1M	294.3M	294.0M
Total Current Assets	16.5M	49.4M	86.9M	67.2M	148.5M	156.0M
Accumulated Other Comprehensive Income	1.1M	1.8M	1.8M	1.8M	1.8M	1.9M
Retained Earnings	(1.2B)	(1.2B)	(1.2B)	(1.2B)	(1.1B)	(1.0B)
Short Term Debt	235K	240K	179K	216K	213K	418.8K
Current Deferred Revenue	4.6M	3.5M	4.7M	4.9M	4.5M	4.8M
Common Stock Total Equity	1.4B	1.3B	1.3B	1.4B	1.6B	1.3B
Common Stock	1.3B	1.4B	1.5B	1.5B	1.7B	1.4B
Other Liab	74.4M	81.2M	96.9M	61.0M	70.2M	66.6M
Net Tangible Assets	210.1M	227.3M	396.7M	436.0M	501.4M	285.2M
Long Term Investments	12.1M	293K	154.6M	181.9M	309.8M	325.3M
Property Plant Equipment	257.3M	256.9M	254.5M	253.5M	228.2M	201.3M
Capital Surpluse	65.4M	67.4M	67.5M	70.3M	80.8M	72.5M

Pair Trading with Denison Mines

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

Moving together with Denison Stock

0.9	ENB-PFV	Enbridge Pref 5	Pair Corr
0.73	ENB-PFU	Enbridge Pref L	Pair Corr
0.88	ENS	E Split Corp	Pair Corr
0.8	ENS-PA	E Split Corp	Pair Corr

Moving against Denison Stock

0.7

PNC-B

Postmedia Network Canada

Pair Corr

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

The correlation of Denison Mines 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 Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines Corp 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 Denison Mines 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 Denison Mines Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Denison Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Denison Mines Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Denison Mines Corp Stock:

How To Invest In Denison

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Is Denison Stock a good investment?

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What is Denison Mines' Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines 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 board of governors.

You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Please note, there is a significant difference between Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' 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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Denison Ptb Ratio vs Free Cash Flow Yield Analysis

Ptb Ratio vs Free Cash Flow Yield

Ptb Ratio vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Ptb Ratio

Free Cash Flow Yield

Denison Mines fundamental ratios Correlations

Denison Mines Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Denison Mines fundamental ratios Accounts

Pair Trading with Denison Mines

Moving together with Denison Stock

Moving against Denison Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Gross	+ 0.98	Property Plant And Equipment Net
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Cash And Short Term Investments	+ 0.97	Cash

Cash	- 1.0	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Total Current Assets	- 0.95	Net Debt
Net Debt	- 0.75	Total Assets
Net Debt	- 0.74	Total Stockholder Equity
Non Current Assets Total	- 0.71	Net Debt