GreenPower Ev To Free Cash Flow vs Free Cash Flow Analysis

GP Stock

USD 0.99 0.02 1.98%

GreenPower financial indicator trend analysis is much more than just examining GreenPower Motor latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GreenPower Motor is a good investment. Please check the relationship between GreenPower Ev To Free Cash Flow and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GreenPower Motor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Ev To Free Cash Flow vs Free Cash Flow

Ev To Free Cash Flow vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GreenPower Motor Ev To Free Cash Flow account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between GreenPower's Ev To Free Cash Flow and Free Cash Flow is -0.28. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of GreenPower Motor, assuming nothing else is changed. The correlation between historical values of GreenPower's Ev To Free Cash Flow and Free Cash Flow 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 Free Cash Flow of GreenPower Motor are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Ev To Free Cash Flow i.e., GreenPower's Ev To Free Cash Flow and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Free Cash Flow

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

Most indicators from GreenPower's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GreenPower Motor 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GreenPower Motor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

As of 11/30/2024, Selling General Administrative is likely to grow to about 17.2 M, while Issuance Of Capital Stock is likely to drop slightly above 494.8 K.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	13.4M	32.4M	33.9M	35.6M
Research Development	1.4M	2.1M	1.8M	946.5K

Cost Of Revenue Research Development

GreenPower fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Other Current Liab	Total Current Liabilities	Net Receivables	Other Current Assets	Total Liab	Property Plant And Equipment Net	Accounts Payable	Inventory	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Property Plant And Equipment Gross	Short Term Debt	Short Term Investments	Non Current Liabilities Total
Total Assets		0.82	0.47	-0.92	0.31	0.93	-0.09	0.31	0.82	0.95	1.0	0.87	0.88	0.84	0.51	0.85	0.88	0.79	0.97	0.98	0.73	0.87	0.87	0.82	-0.6	0.75
Total Stockholder Equity	0.82		-0.08	-0.57	0.61	0.66	-0.16	0.61	0.67	0.69	0.84	0.48	0.46	0.75	0.64	0.4	0.5	0.56	0.7	0.79	0.24	0.47	0.47	0.37	-0.44	0.25
Net Debt	0.47	-0.08		-0.67	-0.56	0.59	0.15	-0.56	0.45	0.51	0.44	0.72	0.81	0.33	0.09	0.84	0.72	0.54	0.63	0.45	0.89	0.76	0.74	0.87	-0.39	0.86
Retained Earnings	-0.92	-0.57	-0.67		-0.15	-0.93	0.08	-0.15	-0.8	-0.96	-0.9	-0.94	-0.94	-0.64	-0.36	-0.95	-0.95	-0.69	-0.94	-0.95	-0.88	-0.93	-0.97	-0.92	0.63	-0.92
Cash	0.31	0.61	-0.56	-0.15		0.28	0.08	1.0	0.26	0.27	0.31	-0.06	-0.08	0.28	0.03	-0.08	0.06	0.02	0.09	0.35	-0.13	-0.08	-0.01	-0.12	-0.24	-0.09
Non Current Assets Total	0.93	0.66	0.59	-0.93	0.28		0.16	0.28	0.87	0.89	0.9	0.81	0.88	0.75	0.35	0.89	0.94	0.73	0.89	0.92	0.86	0.83	0.88	0.88	-0.76	0.85
Non Currrent Assets Other	-0.09	-0.16	0.15	0.08	0.08	0.16		0.08	0.11	-0.21	-0.14	-0.29	-0.05	-0.03	-0.14	0.0	-0.07	-0.11	-0.18	-0.16	0.23	-0.22	-0.18	0.12	-0.29	0.1
Cash And Short Term Investments	0.31	0.61	-0.56	-0.15	1.0	0.28	0.08		0.26	0.27	0.31	-0.06	-0.08	0.28	0.03	-0.08	0.06	0.02	0.09	0.35	-0.13	-0.08	-0.01	-0.12	-0.24	-0.09
Common Stock Shares Outstanding	0.82	0.67	0.45	-0.8	0.26	0.87	0.11	0.26		0.73	0.8	0.65	0.72	0.68	0.44	0.72	0.79	0.7	0.78	0.8	0.67	0.66	0.7	0.71	-0.81	0.65
Other Stockholder Equity	0.95	0.69	0.51	-0.96	0.27	0.89	-0.21	0.27	0.73		0.94	0.92	0.89	0.69	0.41	0.88	0.9	0.69	0.95	0.98	0.75	0.91	0.94	0.83	-0.53	0.81
Total Current Assets	1.0	0.84	0.44	-0.9	0.31	0.9	-0.14	0.31	0.8	0.94		0.87	0.87	0.85	0.53	0.83	0.86	0.79	0.97	0.98	0.7	0.86	0.85	0.8	-0.56	0.72
Other Current Liab	0.87	0.48	0.72	-0.94	-0.06	0.81	-0.29	-0.06	0.65	0.92	0.87		0.97	0.68	0.3	0.95	0.92	0.78	0.95	0.88	0.83	1.0	0.98	0.9	-0.44	0.88
Total Current Liabilities	0.88	0.46	0.81	-0.94	-0.08	0.88	-0.05	-0.08	0.72	0.89	0.87	0.97		0.74	0.27	0.99	0.95	0.83	0.94	0.86	0.93	0.98	0.96	0.97	-0.54	0.93
Net Receivables	0.84	0.75	0.33	-0.64	0.28	0.75	-0.03	0.28	0.68	0.69	0.85	0.68	0.74		0.24	0.68	0.7	0.94	0.79	0.74	0.56	0.7	0.63	0.63	-0.43	0.51
Other Current Assets	0.51	0.64	0.09	-0.36	0.03	0.35	-0.14	0.03	0.44	0.41	0.53	0.3	0.27	0.24		0.23	0.24	0.14	0.51	0.5	0.13	0.29	0.29	0.28	-0.27	0.12
Total Liab	0.85	0.4	0.84	-0.95	-0.08	0.89	0.0	-0.08	0.72	0.88	0.83	0.95	0.99	0.68	0.23		0.95	0.77	0.92	0.84	0.96	0.96	0.96	0.99	-0.57	0.97
Property Plant And Equipment Net	0.88	0.5	0.72	-0.95	0.06	0.94	-0.07	0.06	0.79	0.9	0.86	0.92	0.95	0.7	0.24	0.95		0.78	0.91	0.88	0.89	0.93	0.97	0.91	-0.68	0.91
Accounts Payable	0.79	0.56	0.54	-0.69	0.02	0.73	-0.11	0.02	0.7	0.69	0.79	0.78	0.83	0.94	0.14	0.77	0.78		0.8	0.7	0.67	0.8	0.72	0.72	-0.47	0.63
Inventory	0.97	0.7	0.63	-0.94	0.09	0.89	-0.18	0.09	0.78	0.95	0.97	0.95	0.94	0.79	0.51	0.92	0.91	0.8		0.96	0.8	0.95	0.93	0.89	-0.54	0.81
Common Stock	0.98	0.79	0.45	-0.95	0.35	0.92	-0.16	0.35	0.8	0.98	0.98	0.88	0.86	0.74	0.5	0.84	0.88	0.7	0.96		0.72	0.87	0.9	0.81	-0.6	0.77
Short Long Term Debt Total	0.73	0.24	0.89	-0.88	-0.13	0.86	0.23	-0.13	0.67	0.75	0.7	0.83	0.93	0.56	0.13	0.96	0.89	0.67	0.8	0.72		0.86	0.88	0.98	-0.59	0.98
Current Deferred Revenue	0.87	0.47	0.76	-0.93	-0.08	0.83	-0.22	-0.08	0.66	0.91	0.86	1.0	0.98	0.7	0.29	0.96	0.93	0.8	0.95	0.87	0.86		0.98	0.93	-0.47	0.89
Property Plant And Equipment Gross	0.87	0.47	0.74	-0.97	-0.01	0.88	-0.18	-0.01	0.7	0.94	0.85	0.98	0.96	0.63	0.29	0.96	0.97	0.72	0.93	0.9	0.88	0.98		0.92	-0.55	0.92
Short Term Debt	0.82	0.37	0.87	-0.92	-0.12	0.88	0.12	-0.12	0.71	0.83	0.8	0.9	0.97	0.63	0.28	0.99	0.91	0.72	0.89	0.81	0.98	0.93	0.92		-0.56	0.97
Short Term Investments	-0.6	-0.44	-0.39	0.63	-0.24	-0.76	-0.29	-0.24	-0.81	-0.53	-0.56	-0.44	-0.54	-0.43	-0.27	-0.57	-0.68	-0.47	-0.54	-0.6	-0.59	-0.47	-0.55	-0.56		-0.56
Non Current Liabilities Total	0.75	0.25	0.86	-0.92	-0.09	0.85	0.1	-0.09	0.65	0.81	0.72	0.88	0.93	0.51	0.12	0.97	0.91	0.63	0.81	0.77	0.98	0.89	0.92	0.97	-0.56

Click cells to compare fundamentals

GreenPower Account Relationship Matchups

GreenPower fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.2M	39.6M	49.6M	63.5M	45.2M	47.5M
Total Stockholder Equity	(1.2M)	36.2M	34.4M	27.7M	11.6M	9.2M
Net Debt	11.9M	(14.0M)	5.0M	15.1M	15.6M	16.4M
Retained Earnings	(23.9M)	(31.6M)	(46.4M)	(60.8M)	(78.9M)	(75.0M)
Cash	299.7K	15.1M	884.8K	600.4K	1.2M	1.7M
Non Current Assets Total	5.1M	6.7M	6.5M	9.4M	8.3M	8.8M
Non Currrent Assets Other	1.1M	463.4K	5.2K	(1.3K)	1.5K	1.4K
Cash And Short Term Investments	299.7K	15.1M	884.8K	600.4K	1.2M	1.7M
Common Stock Shares Outstanding	15.2M	18.1M	21.9M	23.5M	25.0M	13.5M
Liabilities And Stockholders Equity	13.2M	39.6M	49.6M	63.5M	45.2M	47.5M
Other Stockholder Equity	379.5K	8.5M	9.9M	12.9M	14.9M	15.6M
Total Current Assets	8.1M	32.9M	43.1M	54.2M	36.9M	38.7M
Other Current Liab	121.9K	322.0K	4.1M	8.8M	8.1M	8.5M
Total Current Liabilities	7.4M	2.1M	11.5M	26.5M	21.3M	22.4M
Net Receivables	1.1M	4.8M	3.4M	11.5M	2.9M	2.2M
Other Current Assets	174.0K	626.6K	6.6M	487.8K	748.4K	755.3K
Total Liab	14.4M	3.5M	15.2M	35.9M	33.6M	35.3M
Property Plant And Equipment Net	2.4M	2.5M	3.6M	7.5M	6.9M	7.2M
Accounts Payable	1.0M	1.2M	1.5M	7.1M	2.9M	1.6M
Inventory	6.6M	12.5M	32.3M	41.6M	32.0M	33.6M
Accumulated Other Comprehensive Income	5.4M	6.6M	9.9M	12.9M	14.2M	14.9M
Common Stock	16.9M	61.2M	70.8M	75.5M	76.3M	80.1M
Short Long Term Debt Total	12.2M	1.1M	5.9M	15.7M	16.8M	17.6M
Current Deferred Revenue	426.2K	125.0K	3.6M	8.1M	7.1M	7.4M
Property Plant And Equipment Gross	2.4M	2.5M	6.2M	10.7M	12.0M	12.6M
Short Term Debt	5.8M	612.2K	5.9M	10.6M	10.4M	10.9M
Non Current Liabilities Total	7.0M	1.3M	3.7M	9.4M	12.3M	13.0M
Net Tangible Assets	(1.2M)	36.2M	34.4M	27.7M	31.8M	15.9M
Other Assets	2.7M	4.2M	(1.0)	1.9M	(38.0K)	(36.1K)
Long Term Debt	4.1M	6.0M	365.3K	608.8K	2.4M	2.0M
Short Long Term Debt	5.5M	346.2K	5.8M	9.9M	9.7M	5.2M
Non Current Liabilities Other	251.9K	573.2K	42.8K	34.3K	1.3M	1.3M
Property Plant Equipment	2.4M	2.5M	3.6M	7.5M	8.6M	9.0M
Other Liab	573.2K	848.5K	3.7M	4.2M	4.8M	5.1M
Net Invested Capital	10.4M	36.9M	40.2M	38.2M	23.7M	25.9M
Net Working Capital	743.1K	30.8M	31.6M	27.7M	15.6M	17.0M
Capital Lease Obligations	659.1K	386.7K	120.6K	5.2M	4.6M	4.9M
Capital Stock	16.9M	61.2M	70.8M	75.5M	76.4M	57.5M

Pair Trading with GreenPower

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

Moving together with GreenPower Stock

0.61

Hyster Yale Materials

Pair Corr

Moving against GreenPower Stock

0.67	SHYF	Shyft Group	Pair Corr
0.64	ASTE	Astec Industries	Pair Corr
0.56	OSK	Oshkosh	Pair Corr
0.54	ALG	Alamo Group	Pair Corr
0.45	PCAR	PACCAR Inc Fiscal Year End 28th of January 2025	Pair Corr

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

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

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

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