Morguard Free Cash Flow Yield vs Book Value Per Share Analysis

MRG-UN Stock

CAD 18.23 0.15 0.82%

Morguard North financial indicator trend analysis is infinitely more than just investigating Morguard North American recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Morguard North American is a good investment. Please check the relationship between Morguard North 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 Morguard North American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

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 Morguard North American Free Cash Flow Yield account and Book Value Per Share. At this time, the significance of the direction appears to have weak relationship.

The correlation between Morguard North's Free Cash Flow Yield and Book Value Per Share is 0.36. 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 Morguard North American, assuming nothing else is changed. The correlation between historical values of Morguard North's 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 Morguard North American 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., Morguard North's Free Cash Flow Yield and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.36

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 Morguard North's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Morguard North American 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 Morguard North American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At present, Morguard North's Enterprise Value Over EBITDA is projected to slightly grow based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 11.60, whereas Selling General Administrative is forecasted to decline to about 12.9 M.

	2021	2022	2023	2024 (projected)
Total Revenue	245.6M	278.5M	331.6M	228.7M
Interest Expense	46.4M	49.9M	60.7M	46.6M

Total Revenue Interest Expense

Morguard North fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Inventory	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.95	0.38	0.66	0.97	0.95	0.61	1.0	-0.67	0.61	0.88	0.95	0.97	0.24	-0.9	0.97	0.54	0.52	1.0	-0.55	0.82	0.98	0.35	0.94	0.69	0.87
Short Long Term Debt Total	0.95		0.34	0.66	0.84	1.0	0.65	0.95	-0.57	0.65	0.77	0.87	0.99	0.1	-0.77	0.99	0.41	0.53	0.94	-0.4	0.68	0.94	0.2	0.88	0.54	0.67
Other Current Liab	0.38	0.34		0.31	0.39	0.35	0.13	0.39	-0.42	0.13	0.36	0.41	0.33	-0.39	-0.61	0.35	-0.08	0.27	0.44	-0.7	0.68	0.4	-0.05	0.29	0.78	0.48
Total Current Liabilities	0.66	0.66	0.31		0.61	0.67	0.25	0.65	-0.42	0.25	0.7	0.75	0.58	0.23	-0.6	0.66	0.46	0.98	0.64	-0.55	0.53	0.69	0.36	0.52	0.52	0.53
Total Stockholder Equity	0.97	0.84	0.39	0.61		0.84	0.54	0.96	-0.7	0.54	0.92	0.94	0.88	0.29	-0.93	0.88	0.59	0.48	0.97	-0.64	0.88	0.93	0.44	0.92	0.76	0.96
Net Debt	0.95	1.0	0.35	0.67	0.84		0.64	0.95	-0.57	0.64	0.77	0.87	0.99	0.1	-0.77	0.99	0.41	0.53	0.94	-0.4	0.68	0.94	0.2	0.88	0.54	0.67
Cash	0.61	0.65	0.13	0.25	0.54	0.64		0.61	-0.42	1.0	0.46	0.53	0.66	0.03	-0.49	0.64	0.24	0.14	0.59	-0.06	0.43	0.58	-0.14	0.67	0.22	0.41
Non Current Assets Total	1.0	0.95	0.39	0.65	0.96	0.95	0.61		-0.66	0.61	0.87	0.94	0.97	0.2	-0.89	0.97	0.51	0.51	1.0	-0.54	0.82	0.98	0.32	0.94	0.68	0.86
Non Currrent Assets Other	-0.67	-0.57	-0.42	-0.42	-0.7	-0.57	-0.42	-0.66		-0.42	-0.68	-0.69	-0.6	-0.22	0.76	-0.61	-0.5	-0.33	-0.67	0.57	-0.73	-0.64	-0.36	-0.73	-0.67	-0.68
Cash And Short Term Investments	0.61	0.65	0.13	0.25	0.54	0.64	1.0	0.61	-0.42		0.46	0.53	0.66	0.03	-0.49	0.64	0.24	0.14	0.59	-0.06	0.43	0.58	-0.14	0.67	0.22	0.41
Net Receivables	0.88	0.77	0.36	0.7	0.92	0.77	0.46	0.87	-0.68	0.46		0.94	0.78	0.38	-0.84	0.81	0.71	0.61	0.87	-0.73	0.81	0.85	0.61	0.78	0.75	0.88
Common Stock Shares Outstanding	0.95	0.87	0.41	0.75	0.94	0.87	0.53	0.94	-0.69	0.53	0.94		0.88	0.29	-0.87	0.9	0.62	0.64	0.93	-0.68	0.81	0.94	0.48	0.87	0.73	0.86
Non Current Liabilities Total	0.97	0.99	0.33	0.58	0.88	0.99	0.66	0.97	-0.6	0.66	0.78	0.88		0.16	-0.81	0.99	0.45	0.44	0.96	-0.4	0.72	0.95	0.23	0.91	0.57	0.72
Other Current Assets	0.24	0.1	-0.39	0.23	0.29	0.1	0.03	0.2	-0.22	0.03	0.38	0.29	0.16		-0.2	0.18	0.86	0.23	0.17	-0.09	0.14	0.14	0.58	0.19	0.1	0.24
Other Stockholder Equity	-0.9	-0.77	-0.61	-0.6	-0.93	-0.77	-0.49	-0.89	0.76	-0.49	-0.84	-0.87	-0.81	-0.2		-0.82	-0.55	-0.48	-0.91	0.75	-0.98	-0.88	-0.4	-0.87	-0.9	-0.92
Total Liab	0.97	0.99	0.35	0.66	0.88	0.99	0.64	0.97	-0.61	0.64	0.81	0.9	0.99	0.18	-0.82		0.48	0.53	0.97	-0.44	0.73	0.96	0.26	0.91	0.59	0.73
Total Current Assets	0.54	0.41	-0.08	0.46	0.59	0.41	0.24	0.51	-0.5	0.24	0.71	0.62	0.45	0.86	-0.55	0.48		0.41	0.49	-0.49	0.51	0.48	0.81	0.5	0.49	0.53
Short Term Debt	0.52	0.53	0.27	0.98	0.48	0.53	0.14	0.51	-0.33	0.14	0.61	0.64	0.44	0.23	-0.48	0.53	0.41		0.5	-0.51	0.42	0.56	0.35	0.38	0.44	0.42
Property Plant And Equipment Net	1.0	0.94	0.44	0.64	0.97	0.94	0.59	1.0	-0.67	0.59	0.87	0.93	0.96	0.17	-0.91	0.97	0.49	0.5		-0.57	0.85	0.98	0.33	0.93	0.72	0.88
Current Deferred Revenue	-0.55	-0.4	-0.7	-0.55	-0.64	-0.4	-0.06	-0.54	0.57	-0.06	-0.73	-0.68	-0.4	-0.09	0.75	-0.44	-0.49	-0.51	-0.57		-0.82	-0.57	-0.65	-0.45	-0.93	-0.73
Retained Earnings	0.82	0.68	0.68	0.53	0.88	0.68	0.43	0.82	-0.73	0.43	0.81	0.81	0.72	0.14	-0.98	0.73	0.51	0.42	0.85	-0.82		0.81	0.43	0.81	0.95	0.91
Accounts Payable	0.98	0.94	0.4	0.69	0.93	0.94	0.58	0.98	-0.64	0.58	0.85	0.94	0.95	0.14	-0.88	0.96	0.48	0.56	0.98	-0.57	0.81		0.35	0.93	0.68	0.84
Inventory	0.35	0.2	-0.05	0.36	0.44	0.2	-0.14	0.32	-0.36	-0.14	0.61	0.48	0.23	0.58	-0.4	0.26	0.81	0.35	0.33	-0.65	0.43	0.35		0.29	0.5	0.47
Common Stock	0.94	0.88	0.29	0.52	0.92	0.88	0.67	0.94	-0.73	0.67	0.78	0.87	0.91	0.19	-0.87	0.91	0.5	0.38	0.93	-0.45	0.81	0.93	0.29		0.62	0.82
Other Liab	0.69	0.54	0.78	0.52	0.76	0.54	0.22	0.68	-0.67	0.22	0.75	0.73	0.57	0.1	-0.9	0.59	0.49	0.44	0.72	-0.93	0.95	0.68	0.5	0.62		0.83
Net Tangible Assets	0.87	0.67	0.48	0.53	0.96	0.67	0.41	0.86	-0.68	0.41	0.88	0.86	0.72	0.24	-0.92	0.73	0.53	0.42	0.88	-0.73	0.91	0.84	0.47	0.82	0.83

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Morguard North Account Relationship Matchups

Morguard North fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	3.1B	3.5B	3.9B	4.1B	2.8B
Short Long Term Debt Total	1.3B	1.3B	1.4B	1.5B	1.6B	1.3B
Other Current Liab	11.3M	11.1M	11.7M	8.7M	176.8M	185.6M
Total Current Liabilities	78.1M	155.9M	144.7M	273.7M	222.4M	171.8M
Total Stockholder Equity	1.1B	1.3B	1.5B	1.8B	1.9B	1.0B
Net Debt	1.3B	1.3B	1.4B	1.5B	1.5B	1.3B
Cash	17.7M	27.3M	26.6M	14.6M	17.8M	17.4M
Non Current Assets Total	3.0B	3.0B	3.4B	3.7B	4.1B	2.7B
Non Currrent Assets Other	(3.0B)	(3.0B)	(3.4B)	(3.7B)	(4.1B)	(3.9B)
Cash And Short Term Investments	17.7M	27.3M	26.6M	14.6M	17.8M	17.4M
Net Receivables	3.3M	5.6M	7.2M	11.4M	9.6M	5.3M
Common Stock Shares Outstanding	39.0M	39.0M	39.1M	60.5M	58.5M	38.1M
Liabilities And Stockholders Equity	3.0B	3.1B	3.5B	3.9B	4.1B	2.8B
Non Current Liabilities Total	1.7B	1.6B	1.8B	1.8B	1.9B	1.5B
Other Current Assets	20.0M	21.3M	70M	80.7M	2.6M	2.5M
Other Stockholder Equity	(486.1M)	(634.1M)	(848.8M)	(1.0B)	(1.2B)	(1.1B)
Total Liab	1.8B	1.7B	1.9B	2.1B	2.1B	1.7B
Total Current Assets	54.2M	50.1M	120.8M	202.1M	43.2M	70.2M
Accumulated Other Comprehensive Income	84.1M	69.3M	68.4M	144.5M	118.0M	78.7M
Short Term Debt	29.7M	113.8M	97.0M	219.9M	167.6M	130.5M
Property Plant And Equipment Net	2.9B	2.9B	3.3B	3.6B	4.0B	2.8B
Current Deferred Revenue	11.3M	11.1M	11.7M	(167.6M)	(150.9M)	(143.3M)
Retained Earnings	534.9M	682.8M	897.6M	1.1B	1.2B	1.3B
Accounts Payable	37.2M	30.9M	36.1M	45.0M	45.6M	33.0M
Inventory	13.2M	(4.1M)	17.0M	95.4M	13.1M	17.8M
Common Stock	468.6M	469.2M	470.0M	470.8M	448.2M	414.5M
Other Liab	115.2M	110.1M	175.7M	262.8M	302.2M	317.3M
Net Tangible Assets	1.1B	1.3B	1.5B	1.8B	2.0B	1.2B
Long Term Debt	1.3B	1.2B	1.3B	1.2B	1.4B	1.4B
Short Long Term Debt	29.7M	113.8M	97.0M	219.9M	167.6M	138.5M
Property Plant Equipment	2.9B	2.9B	3.3B	3.6B	4.2B	3.1B
Non Current Liabilities Other	318.5M	274.7M	305.0M	279.0M	254.4M	306.5M
Capital Lease Obligations	9.3M	9.1M	9.1M	16.2M	16.1M	12.3M
Net Invested Capital	2.5B	2.6B	2.9B	3.2B	3.4B	3.0B
Long Term Investments	106.5M	93.0M	96.4M	105.5M	53.3M	83.7M
Net Working Capital	(23.9M)	(105.8M)	(23.9M)	(71.6M)	(179.2M)	(188.2M)
Capital Stock	468.6M	469.2M	470.0M	470.8M	448.2M	494.1M

Pair Trading with Morguard North

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

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

The correlation of Morguard North 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 Morguard North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard North American 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 Morguard North 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

Other Information on Investing in Morguard Stock

Balance Sheet is a snapshot of the financial position of Morguard North American at a specified time, usually calculated after every quarter, six months, or one year. Morguard North Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Morguard North 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 Morguard currently owns. An asset can also be divided into two categories, current and non-current.

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Morguard 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

Morguard North fundamental ratios Correlations

Morguard North Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Morguard North fundamental ratios Accounts

Pair Trading with Morguard North

Other Information on Investing in Morguard Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total

Retained Earnings	- 0.98	Other Stockholder Equity
Other Liab	- 0.93	Current Deferred Revenue
Other Stockholder Equity	- 0.93	Total Stockholder Equity
Net Tangible Assets	- 0.92	Other Stockholder Equity
Property Plant And Equipment Net	- 0.91	Other Stockholder Equity
Other Liab	- 0.9	Other Stockholder Equity