Lithium Free Cash Flow Yield vs Book Value Per Share Analysis

LAC Stock

CAD 5.55 0.13 2.29%

Lithium Americas financial indicator trend analysis is infinitely more than just investigating Lithium Americas Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lithium Americas Corp is a good investment. Please check the relationship between Lithium Americas Free Cash Flow Yield and its Book Value Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Americas 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.

Free Cash Flow Yield vs Book Value Per Share

Free Cash Flow Yield vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lithium Americas Corp Free Cash Flow Yield account and Book Value Per Share. At this time, the significance of the direction appears to have very week relationship.

The correlation between Lithium Americas' Free Cash Flow Yield and Book Value Per Share is 0.21. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Lithium Americas Corp, assuming nothing else is changed. The correlation between historical values of Lithium Americas' Free Cash Flow Yield and Book Value Per Share 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 Lithium Americas Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Free Cash Flow Yield i.e., Lithium Americas' Free Cash Flow Yield and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very 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.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Lithium Americas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lithium Americas 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Americas 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, Lithium Americas' Discontinued Operations is very stable compared to the past year. As of the 27th of November 2024, Sales General And Administrative To Revenue is likely to grow to 3.84, while Selling General Administrative is likely to drop about 15.5 K.

Lithium Americas fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Total Liab	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Current Assets	Short Long Term Debt Total	Common Stock Total Equity	Short Term Debt	Common Stock	Other Liab
Total Assets		0.98	0.71	-0.82	0.95	0.81	0.86	0.76	0.9	0.23	-0.26	0.7	-0.48	0.58	0.83	0.93	0.3	0.84	0.62	0.54	0.94	0.83	0.78	0.61	0.96	0.62
Total Stockholder Equity	0.98		0.78	-0.89	0.96	0.74	0.9	0.81	0.8	0.32	-0.22	0.77	-0.52	0.46	0.79	0.87	0.37	0.73	0.55	0.55	0.9	0.71	0.81	0.74	0.97	0.74
Property Plant And Equipment Net	0.71	0.78		-0.73	0.85	0.49	0.74	0.7	0.42	0.6	-0.18	0.87	-0.15	0.38	0.31	0.42	0.4	0.33	0.06	0.57	0.47	0.31	0.61	0.87	0.73	0.9
Retained Earnings	-0.82	-0.89	-0.73		-0.8	-0.56	-0.92	-0.93	-0.54	-0.5	-0.09	-0.85	0.62	-0.18	-0.68	-0.68	-0.63	-0.45	-0.45	-0.35	-0.75	-0.43	-0.91	-0.86	-0.86	-0.84
Non Current Assets Total	0.95	0.96	0.85	-0.8		0.83	0.79	0.72	0.8	0.25	-0.39	0.73	-0.25	0.61	0.63	0.78	0.23	0.74	0.37	0.68	0.79	0.73	0.72	0.68	0.94	0.7
Non Currrent Assets Other	0.81	0.74	0.49	-0.56	0.83		0.49	0.46	0.83	-0.17	-0.55	0.38	-0.04	0.67	0.54	0.73	-0.1	0.83	0.33	0.64	0.69	0.82	0.57	0.31	0.77	0.29
Other Assets	0.86	0.9	0.74	-0.92	0.79	0.49		0.92	0.64	0.63	0.2	0.9	-0.74	0.24	0.81	0.76	0.7	0.54	0.64	0.24	0.84	0.52	0.9	0.84	0.84	0.85
Common Stock Shares Outstanding	0.76	0.81	0.7	-0.93	0.72	0.46	0.92		0.56	0.65	0.3	0.89	-0.65	0.28	0.7	0.65	0.78	0.45	0.57	0.24	0.73	0.44	0.97	0.79	0.75	0.81
Total Liab	0.9	0.8	0.42	-0.54	0.8	0.83	0.64	0.56		0.0	-0.29	0.43	-0.34	0.78	0.83	0.92	0.12	0.99	0.73	0.43	0.9	0.99	0.63	0.24	0.78	0.26
Property Plant And Equipment Gross	0.23	0.32	0.6	-0.5	0.25	-0.17	0.63	0.65	0.0		0.65	0.83	-0.47	-0.06	0.23	0.07	0.88	-0.12	0.22	-0.2	0.18	-0.13	0.56	0.72	0.22	0.78
Other Current Liab	-0.26	-0.22	-0.18	-0.09	-0.39	-0.55	0.2	0.3	-0.29	0.65		0.27	-0.55	-0.4	0.13	-0.17	0.79	-0.35	0.32	-0.76	-0.08	-0.35	0.27	0.14	-0.29	0.16
Total Current Liabilities	0.7	0.77	0.87	-0.85	0.73	0.38	0.9	0.89	0.43	0.83	0.27		-0.51	0.24	0.53	0.49	0.77	0.32	0.36	0.21	0.58	0.3	0.85	0.91	0.69	0.94
Net Debt	-0.48	-0.52	-0.15	0.62	-0.25	-0.04	-0.74	-0.65	-0.34	-0.47	-0.55	-0.51		0.18	-0.8	-0.61	-0.69	-0.27	-0.79	0.25	-0.69	-0.26	-0.65	-0.48	-0.47	-0.45
Accounts Payable	0.58	0.46	0.38	-0.18	0.61	0.67	0.24	0.28	0.78	-0.06	-0.4	0.24	0.18		0.38	0.54	-0.08	0.8	0.36	0.43	0.48	0.8	0.33	-0.04	0.47	0.04
Cash	0.83	0.79	0.31	-0.68	0.63	0.54	0.81	0.7	0.83	0.23	0.13	0.53	-0.8	0.38		0.94	0.45	0.8	0.94	0.11	0.97	0.79	0.75	0.38	0.75	0.38
Cash And Short Term Investments	0.93	0.87	0.42	-0.68	0.78	0.73	0.76	0.65	0.92	0.07	-0.17	0.49	-0.61	0.54	0.94		0.24	0.9	0.81	0.37	0.98	0.89	0.7	0.37	0.88	0.37
Net Receivables	0.3	0.37	0.4	-0.63	0.23	-0.1	0.7	0.78	0.12	0.88	0.79	0.77	-0.69	-0.08	0.45	0.24		0.01	0.47	-0.31	0.36	0.0	0.72	0.64	0.28	0.67
Non Current Liabilities Total	0.84	0.73	0.33	-0.45	0.74	0.83	0.54	0.45	0.99	-0.12	-0.35	0.32	-0.27	0.8	0.8	0.9	0.01		0.71	0.43	0.86	1.0	0.54	0.12	0.74	0.14
Other Current Assets	0.62	0.55	0.06	-0.45	0.37	0.33	0.64	0.57	0.73	0.22	0.32	0.36	-0.79	0.36	0.94	0.81	0.47	0.71		-0.14	0.84	0.71	0.62	0.14	0.51	0.16
Other Stockholder Equity	0.54	0.55	0.57	-0.35	0.68	0.64	0.24	0.24	0.43	-0.2	-0.76	0.21	0.25	0.43	0.11	0.37	-0.31	0.43	-0.14		0.32	0.42	0.18	0.31	0.59	0.31
Total Current Assets	0.94	0.9	0.47	-0.75	0.79	0.69	0.84	0.73	0.9	0.18	-0.08	0.58	-0.69	0.48	0.97	0.98	0.36	0.86	0.84	0.32		0.85	0.77	0.47	0.87	0.47
Short Long Term Debt Total	0.83	0.71	0.31	-0.43	0.73	0.82	0.52	0.44	0.99	-0.13	-0.35	0.3	-0.26	0.8	0.79	0.89	0.0	1.0	0.71	0.42	0.85		0.53	0.1	0.72	0.12
Common Stock Total Equity	0.78	0.81	0.61	-0.91	0.72	0.57	0.9	0.97	0.63	0.56	0.27	0.85	-0.65	0.33	0.75	0.7	0.72	0.54	0.62	0.18	0.77	0.53		0.71	0.76	0.72
Short Term Debt	0.61	0.74	0.87	-0.86	0.68	0.31	0.84	0.79	0.24	0.72	0.14	0.91	-0.48	-0.04	0.38	0.37	0.64	0.12	0.14	0.31	0.47	0.1	0.71		0.67	0.99
Common Stock	0.96	0.97	0.73	-0.86	0.94	0.77	0.84	0.75	0.78	0.22	-0.29	0.69	-0.47	0.47	0.75	0.88	0.28	0.74	0.51	0.59	0.87	0.72	0.76	0.67		0.66
Other Liab	0.62	0.74	0.9	-0.84	0.7	0.29	0.85	0.81	0.26	0.78	0.16	0.94	-0.45	0.04	0.38	0.37	0.67	0.14	0.16	0.31	0.47	0.12	0.72	0.99	0.66

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Lithium Americas Account Relationship Matchups

Lithium Americas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	293.8M	326.7M	817.3M	1.0B	439.5M	461.5M
Total Stockholder Equity	159.6M	190.7M	536.3M	784.0M	407.5M	427.8M
Property Plant And Equipment Net	162.8M	6.3M	10.0M	357.7M	206.9M	217.2M
Retained Earnings	(65.8M)	(140.2M)	(178.7M)	(272.2M)	(264.4M)	(251.1M)
Non Current Assets Total	200.9M	172.4M	284.8M	660.5M	233.6M	245.3M
Non Currrent Assets Other	38.1M	166.1M	105.4M	229.9M	15.6M	14.8M
Other Assets	12.8M	38.1M	34.7M	97.9M	112.6M	118.2M
Common Stock Shares Outstanding	91.8M	91.8M	118.8M	133.7M	160.4M	168.4M
Liabilities And Stockholders Equity	293.8M	326.7M	817.3M	1.0B	439.5M	461.5M
Total Liab	134.2M	136.0M	281.0M	232.5M	32.0M	52.7M
Property Plant And Equipment Gross	162.8M	6.3M	10.4M	16.3M	226.3M	237.6M
Total Current Liabilities	15.0M	8.8M	8.3M	19.6M	24.6M	25.8M
Net Debt	36.6M	(23.3M)	(245.6M)	13.1M	(192.4M)	(182.8M)
Accounts Payable	11.9M	5.2M	7.3M	9.9M	23.4K	22.2K
Cash	83.6M	148.1M	510.6M	194.5M	195.5M	205.3M
Cash And Short Term Investments	83.6M	148.1M	510.6M	352.1M	195.5M	100.3M
Net Receivables	2.6M	1.3M	2.0M	3K	4.5M	4.7M
Non Current Liabilities Total	119.2M	127.3M	272.8M	212.9M	7.5M	7.1M
Other Current Assets	5.5M	5.0M	20M	1.3M	5.9M	6.2M
Other Stockholder Equity	28.4M	27.2M	28.5M	241.3M	15.0M	14.3M
Total Current Assets	92.9M	154.3M	532.6M	356.1M	205.9M	216.2M
Accumulated Other Comprehensive Income	(114K)	(4.3M)	(3.9M)	(3.5M)	(3.1M)	(3.0M)
Short Long Term Debt Total	120.2M	130.5M	273.4M	207.6M	3.1M	3.0M
Common Stock Total Equity	197.4M	198.0M	200.9M	307.2M	353.2M	370.9M
Short Term Debt	3.1M	3.6M	909K	43.6M	50.1M	52.6M
Common Stock	200.9M	307.2M	690.0M	1.0B	656.8M	338.6M
Other Liab	269K	2.1M	326K	6.4M	7.4M	7.8M
Net Tangible Assets	159.6M	190.7M	536.3M	(34.4M)	(39.6M)	(37.6M)
Long Term Debt	117.1M	126.9M	272.4M	204.5M	235.1M	246.9M
Inventory	1.6M	1.2M	0.0	20.0M	5.9M	3.3M
Long Term Investments	35.3M	0.0	169.3M	72.9M	11.2M	10.6M
Short Long Term Debt	3.1M	3.6M	909K	3.1M	3.6M	3.7M
Property Plant Equipment	162.8M	6.3M	10.0M	13.5M	12.1M	11.5M
Capital Lease Obligations	96K	169K	1.8M	1.6M	3.1M	3.3M
Long Term Debt Total	18.0M	117.1M	126.9M	272.4M	313.3M	329.0M
Capital Surpluse	26.2M	28.4M	27.2M	28.5M	32.7M	26.2M
Net Invested Capital	279.8M	315.5M	801.3M	991.6M	407.5M	472.4M

Pair Trading with Lithium Americas

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

Moving together with Lithium Stock

0.67	AG	First Majestic Silver	Pair Corr
0.88	IE	Ivanhoe Energy	Pair Corr
0.8	FDY	Faraday Copper Corp	Pair Corr

Moving against Lithium Stock

0.54	INFM	Infinico Metals Corp	Pair Corr
0.52	PNC-B	Postmedia Network Canada	Pair Corr
0.33	CG	Centerra Gold	Pair Corr

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

The correlation of Lithium Americas 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 Lithium Americas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lithium Americas 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 Lithium Americas 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 Lithium Americas Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lithium Americas' 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 Lithium Americas Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lithium Americas Corp Stock:

How To Invest In Lithium

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Is Lithium Stock a good investment?

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What is Lithium Americas' Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Americas 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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

Free Cash Flow Yield vs Book Value Per Share

Free Cash Flow Yield vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Book Value Per Share

Lithium Americas fundamental ratios Correlations

Lithium Americas Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lithium Americas fundamental ratios Accounts

Pair Trading with Lithium Americas

Moving together with Lithium Stock

Moving against Lithium Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.99	Total Liab
Short Long Term Debt Total	+ 0.99	Total Liab
Other Liab	+ 0.99	Short Term Debt
Total Stockholder Equity	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Cash And Short Term Investments

Common Stock Shares Outstanding	- 0.93	Retained Earnings
Other Assets	- 0.92	Retained Earnings
Common Stock Total Equity	- 0.91	Retained Earnings
Retained Earnings	- 0.89	Total Stockholder Equity
Common Stock	- 0.86	Retained Earnings
Short Term Debt	- 0.86	Retained Earnings