ELF Ev To Sales vs Free Cash Flow Yield Analysis
| ELF Stock | CAD 1,475 25.00 1.67% |
E L financial indicator trend analysis is much more than just examining E L Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether E L Financial is a good investment. Please check the relationship between E L Ev To Sales and its Free Cash Flow Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E L 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 board of governors.
Ev To Sales vs Free Cash Flow Yield
Ev To Sales vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of E L Financial Ev To Sales account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between E L's Ev To Sales and Free Cash Flow Yield is -0.05. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of E L Financial Corp, assuming nothing else is changed. The correlation between historical values of E L's Ev To Sales 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 Ev To Sales of E L 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 Ev To Sales i.e., E L's Ev To Sales and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | -0.05 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.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 E L's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into E L Financial 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 E L 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 board of governors. At this time, E L's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Over EBITDA is likely to grow to 7.07, while Discontinued Operations is likely to drop about 248.9 M.
E L fundamental ratios Correlations
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E L Account Relationship Matchups
High Positive Relationship
High Negative Relationship
E L fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 23.7B | 24.9B | 26.8B | 23.5B | 25.5B | 13.4B | |
| Short Long Term Debt Total | 464.1M | 602.3M | 602.2M | 702.9M | 733.4M | 419.8M | |
| Other Current Liab | (170.0M) | (179.5M) | (189.1M) | (254.8M) | (244.6M) | (232.3M) | |
| Total Current Liabilities | 170.0M | 179.5M | 189.1M | 254.8M | (160.7M) | (152.6M) | |
| Total Stockholder Equity | 6.3B | 6.5B | 7.3B | 6.7B | 7.1B | 7.5B | |
| Property Plant And Equipment Net | 25.2M | 21.0M | 16.8M | 14.7M | 13.9M | 24.5M | |
| Net Debt | 161.0M | 174.5M | (33.9M) | 400.0M | 292.5M | 307.1M | |
| Retained Earnings | 5.9B | 6.1B | 6.9B | 6.4B | 6.7B | 7.1B | |
| Non Current Assets Total | 397.5M | 315.6M | 16.5B | 14.1B | 25.0B | 26.2B | |
| Non Currrent Assets Other | (397.5M) | (315.6M) | (16.5B) | (89.6M) | 17.8B | 18.6B | |
| Other Assets | 23.0B | 24.1B | 7.6B | 7.2B | 8.2B | 11.1B | |
| Net Receivables | 55.5M | 88.1M | 67.3M | 150.9M | 748K | 710.6K | |
| Common Stock Shares Outstanding | 4.3M | 4.2M | 4.1M | 3.6M | 3.8M | 4.4M | |
| Liabilities And Stockholders Equity | 23.7B | 24.9B | 26.8B | 23.5B | 25.5B | 13.2B | |
| Other Stockholder Equity | 40.1M | 44.1M | 58.2M | 56.1M | (300.0M) | (285.0M) | |
| Total Liab | 16.4B | 17.3B | 18.2B | 15.8B | 17.2B | 9.6B | |
| Property Plant And Equipment Gross | 29.9M | 27.4M | 25.2M | 21.0M | 24.2M | 25.8M | |
| Total Current Assets | 358.6M | 515.8M | 2.7B | 2.2B | 494.7M | 470.0M | |
| Accumulated Other Comprehensive Income | 24.2M | 56.4M | 37.9M | (117.4M) | 22.8M | 20.5M | |
| Other Current Assets | 396.8M | 595.0M | 747.8M | 506.9M | 494.7M | 470.0M | |
| Intangible Assets | 22.4M | 28.0M | 28.5M | 60.6M | 61.5M | 64.6M | |
| Cash | 303.1M | 427.8M | 636.1M | 302.9M | 440.9M | 399.6M | |
| Cash And Short Term Investments | 303.1M | 427.8M | 2.6B | 2.0B | 445.8M | 784.9M | |
| Short Term Investments | 14.4B | 15.5B | 2.0B | 1.7B | 5.0M | 4.7M | |
| Non Current Liabilities Total | 732.6M | 923.9M | 975.9M | 254.8M | 17.4B | 18.2B | |
| Accounts Payable | 170.0M | 179.5M | 189.1M | 254.8M | 83.9M | 147.3M | |
| Other Liab | 15.0B | 16.2B | 17.2B | 14.7B | 16.9B | 15.4B | |
| Net Tangible Assets | 6.0B | 6.2B | 7.0B | 6.3B | 7.3B | 5.8B | |
| Long Term Debt | 464.1M | 602.3M | 602.2M | 702.9M | 733.4M | 598.7M | |
| Long Term Investments | 349.9M | 266.6M | 16.4B | 14.0B | 15.8B | 16.6B | |
| Property Plant Equipment | 25.2M | 21.0M | 16.8M | 14.7M | 13.2M | 20.3M | |
| Long Term Debt Total | 488.8M | 464.1M | 602.3M | 602.2M | 692.5M | 589.8M | |
| Inventory | (396.8M) | (595.0M) | (747.8M) | (506.9M) | (446.6M) | (468.9M) | |
| Cash And Equivalents | 279.2M | 211.6M | 154.2M | 130.7M | 117.6M | 193.9M | |
| Net Invested Capital | 6.5B | 6.8B | 7.6B | 7.1B | 7.6B | 7.5B |
Pair Trading with E L
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 E L 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 E L will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to E L could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E L 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 E L - 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 E L Financial Corp to buy it.
The correlation of E L 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 E L moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E L Financial 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 E L 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.Other Information on Investing in ELF Stock
Balance Sheet is a snapshot of the financial position of E L Financial at a specified time, usually calculated after every quarter, six months, or one year. E L Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of E L and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which ELF currently owns. An asset can also be divided into two categories, current and non-current.