Obsidian Free Cash Flow Yield vs Price To Sales Ratio Analysis

OBE Stock

CAD 8.01 0.01 0.12%

Obsidian Energy financial indicator trend analysis is much more than just breaking down Obsidian Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Obsidian Energy is a good investment. Please check the relationship between Obsidian Energy Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Obsidian Energy. 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.

To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Obsidian Energy Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have no relationship.

The correlation between Obsidian Energy's Free Cash Flow Yield and Price To Sales Ratio is 0.08. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Obsidian Energy, assuming nothing else is changed. The correlation between historical values of Obsidian Energy's Free Cash Flow Yield and Price To Sales Ratio 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 Obsidian Energy are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Obsidian Energy's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.08

Relationship Direction	Positive
Relationship Strength	Insignificant

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.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Obsidian Energy stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Obsidian Energy sales, a figure that is much harder to manipulate than other Obsidian Energy multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Obsidian Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Obsidian Energy 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Obsidian Energy. 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.

To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.At this time, Obsidian Energy's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 4.18, while Selling General Administrative is likely to drop about 18.1 M.

Obsidian Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Stockholder Equity	Non Currrent Assets Other	Good Will	Current Deferred Revenue	Other Assets	Short Term Debt	Other Liab
Total Assets		0.97	0.96	0.85	0.98	1.0	0.97	0.06	0.32	1.0	0.65	0.81	0.01	0.99	0.94	0.99	0.57	0.95	0.8	0.56	0.08	0.9	0.57	0.39	-0.3	0.83
Short Long Term Debt Total	0.97		0.94	0.89	0.92	0.97	1.0	-0.06	0.16	0.97	0.62	0.83	-0.02	0.98	0.88	0.99	0.49	0.92	0.82	0.56	0.0	0.82	0.66	0.43	-0.13	0.82
Other Current Liab	0.96	0.94		0.91	0.93	0.95	0.94	0.06	0.23	0.96	0.56	0.76	0.02	0.95	0.91	0.96	0.56	0.9	0.76	0.75	0.06	0.83	0.57	0.41	-0.22	0.77
Total Current Liabilities	0.85	0.89	0.91		0.82	0.85	0.89	-0.04	-0.01	0.85	0.48	0.72	0.13	0.84	0.84	0.88	0.47	0.81	0.72	0.65	-0.17	0.73	0.54	0.53	0.16	0.62
Total Stockholder Equity	0.98	0.92	0.93	0.82		0.98	0.92	0.1	0.41	0.98	0.64	0.78	0.02	0.96	0.94	0.96	0.6	0.93	0.78	0.53	0.11	0.91	0.49	0.4	-0.38	0.79
Property Plant And Equipment Net	1.0	0.97	0.95	0.85	0.98		0.97	0.03	0.3	1.0	0.66	0.82	0.0	0.99	0.92	0.99	0.55	0.95	0.82	0.54	0.1	0.88	0.61	0.38	-0.3	0.84
Net Debt	0.97	1.0	0.94	0.89	0.92	0.97		-0.06	0.17	0.97	0.62	0.83	-0.02	0.98	0.88	0.99	0.49	0.92	0.82	0.56	0.0	0.82	0.65	0.43	-0.13	0.82
Retained Earnings	0.06	-0.06	0.06	-0.04	0.1	0.03	-0.06		0.15	0.06	-0.08	-0.54	-0.26	0.02	0.24	0.01	0.21	-0.11	-0.53	0.24	0.23	0.27	-0.37	-0.06	-0.23	0.14
Accounts Payable	0.32	0.16	0.23	-0.01	0.41	0.3	0.17	0.15		0.31	0.42	0.24	0.22	0.26	0.29	0.22	0.53	0.38	0.25	0.15	0.21	0.48	-0.29	0.05	-0.74	0.07
Non Current Assets Total	1.0	0.97	0.96	0.85	0.98	1.0	0.97	0.06	0.31		0.65	0.8	0.0	0.99	0.94	0.99	0.57	0.95	0.8	0.56	0.08	0.9	0.57	0.4	-0.3	0.83
Net Receivables	0.65	0.62	0.56	0.48	0.64	0.66	0.62	-0.08	0.42	0.65		0.6	-0.02	0.66	0.46	0.64	0.36	0.77	0.59	0.08	0.05	0.51	0.53	0.23	-0.17	0.56
Common Stock Total Equity	0.81	0.83	0.76	0.72	0.78	0.82	0.83	-0.54	0.24	0.8	0.6		0.19	0.81	0.65	0.82	0.38	0.87	1.0	0.31	-0.05	0.61	0.66	0.36	-0.17	0.6
Common Stock Shares Outstanding	0.01	-0.02	0.02	0.13	0.02	0.0	-0.02	-0.26	0.22	0.0	-0.02	0.19		-0.08	0.02	-0.04	0.32	0.04	0.18	-0.07	0.02	0.04	-0.25	0.39	0.2	-0.49
Non Current Liabilities Total	0.99	0.98	0.95	0.84	0.96	0.99	0.98	0.02	0.26	0.99	0.66	0.81	-0.08		0.91	1.0	0.53	0.94	0.81	0.55	0.05	0.86	0.63	0.39	-0.28	0.88
Other Current Assets	0.94	0.88	0.91	0.84	0.94	0.92	0.88	0.24	0.29	0.94	0.46	0.65	0.02	0.91		0.92	0.56	0.86	0.65	0.62	0.01	0.95	0.34	0.34	-0.25	0.76
Total Liab	0.99	0.99	0.96	0.88	0.96	0.99	0.99	0.01	0.22	0.99	0.64	0.82	-0.04	1.0	0.92		0.53	0.94	0.81	0.57	0.02	0.86	0.64	0.42	-0.21	0.86
Property Plant And Equipment Gross	0.57	0.49	0.56	0.47	0.6	0.55	0.49	0.21	0.53	0.57	0.36	0.38	0.32	0.53	0.56	0.53		0.47	0.38	0.36	-0.26	0.59	0.06	0.71	-0.31	0.36
Total Current Assets	0.95	0.92	0.9	0.81	0.93	0.95	0.92	-0.11	0.38	0.95	0.77	0.87	0.04	0.94	0.86	0.94	0.47		0.86	0.49	0.05	0.84	0.58	0.27	-0.27	0.76
Common Stock	0.8	0.82	0.76	0.72	0.78	0.82	0.82	-0.53	0.25	0.8	0.59	1.0	0.18	0.81	0.65	0.81	0.38	0.86		0.31	-0.05	0.61	0.65	0.37	-0.18	0.59
Other Stockholder Equity	0.56	0.56	0.75	0.65	0.53	0.54	0.56	0.24	0.15	0.56	0.08	0.31	-0.07	0.55	0.62	0.57	0.36	0.49	0.31		0.08	0.55	0.15	0.15	-0.19	0.41
Non Currrent Assets Other	0.08	0.0	0.06	-0.17	0.11	0.1	0.0	0.23	0.21	0.08	0.05	-0.05	0.02	0.05	0.01	0.02	-0.26	0.05	-0.05	0.08		0.0	0.07	-0.52	-0.47	-0.01
Good Will	0.9	0.82	0.83	0.73	0.91	0.88	0.82	0.27	0.48	0.9	0.51	0.61	0.04	0.86	0.95	0.86	0.59	0.84	0.61	0.55	0.0		0.18	0.34	-0.36	0.68
Current Deferred Revenue	0.57	0.66	0.57	0.54	0.49	0.61	0.65	-0.37	-0.29	0.57	0.53	0.66	-0.25	0.63	0.34	0.64	0.06	0.58	0.65	0.15	0.07	0.18		0.2	0.07	0.7
Other Assets	0.39	0.43	0.41	0.53	0.4	0.38	0.43	-0.06	0.05	0.4	0.23	0.36	0.39	0.39	0.34	0.42	0.71	0.27	0.37	0.15	-0.52	0.34	0.2		0.18	0.2
Short Term Debt	-0.3	-0.13	-0.22	0.16	-0.38	-0.3	-0.13	-0.23	-0.74	-0.3	-0.17	-0.17	0.2	-0.28	-0.25	-0.21	-0.31	-0.27	-0.18	-0.19	-0.47	-0.36	0.07	0.18		-0.31
Other Liab	0.83	0.82	0.77	0.62	0.79	0.84	0.82	0.14	0.07	0.83	0.56	0.6	-0.49	0.88	0.76	0.86	0.36	0.76	0.59	0.41	-0.01	0.68	0.7	0.2	-0.31

Click cells to compare fundamentals

Obsidian Energy Account Relationship Matchups

Obsidian Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	964.1M	1.4B	2.2B	2.3B	2.1B
Short Long Term Debt Total	575M	462.2M	399.7M	231.3M	228M	216.6M
Other Current Liab	30.2M	16.9M	27.6M	34.1M	32.6M	31.0M
Total Current Liabilities	603M	547.6M	530.5M	222.9M	230M	441.3M
Total Stockholder Equity	1.1B	323.1M	763.5M	1.6B	1.6B	3.1B
Property Plant And Equipment Net	1.7B	905.2M	1.3B	1.9B	1.9B	1.8B
Net Debt	574M	454.1M	392.4M	230.5M	227.5M	216.1M
Retained Earnings	(1.2B)	(2.0B)	(1.6B)	(743.4M)	(635.4M)	(667.2M)
Accounts Payable	111M	74.1M	107.8M	185.6M	193.5M	170.7M
Non Current Assets Total	1.7B	905.2M	1.3B	2.1B	2.2B	2.0B
Net Receivables	70.5M	40.8M	68.9M	82.6M	70M	66.5M
Common Stock Shares Outstanding	72.9M	73.3M	77.6M	84.4M	84.1M	59.8M
Liabilities And Stockholders Equity	1.9B	964.1M	1.4B	2.2B	2.3B	2.1B
Non Current Liabilities Total	209M	93.4M	135.2M	401.7M	376.6M	357.8M
Other Current Assets	98M	10M	10.9M	27.6M	24.1M	22.9M
Total Liab	812M	641M	665.7M	624.6M	606.6M	576.3M
Property Plant And Equipment Gross	1.7B	905.2M	10.6B	11.0B	11.3B	7.4B
Total Current Assets	169M	58.9M	87.1M	100.3M	94.6M	89.9M
Other Stockholder Equity	102M	103.6M	103.2M	101.2M	91.1M	86.5M
Accumulated Other Comprehensive Income	102M	103.6M	103.2M	101.2M	104.1M	109.3M
Non Currrent Assets Other	(700K)	(905.2M)	(1.3B)	(300K)	1M	950K
Short Term Debt	463M	456.6M	395.1M	3.2M	3.9M	3.7M
Other Liab	97M	87.8M	130.6M	173.6M	156.2M	148.4M
Net Tangible Assets	1.1B	323.1M	763.5M	1.6B	1.4B	1.9B
Long Term Debt	402M	27M	0.0	225.3M	218M	207.1M
Cash And Short Term Investments	1M	8.1M	7.3M	800K	500K	475K
Inventory	85M	800K	1.8M	6.2M	1.0	0.95
Short Long Term Debt	434M	451.8M	391M	2M	1.8M	1.7M
Property Plant Equipment	1.7B	905.2M	1.3B	1.9B	1.7B	3.0B
Cash	1M	8.1M	7.3M	800K	500K	475K
Long Term Debt Total	112M	5.6M	4.6M	228.1M	205.3M	324.0M
Net Invested Capital	1.6B	774.9M	1.2B	1.8B	1.9B	1.4B
Net Working Capital	(434M)	(488.7M)	(443.4M)	(122.6M)	(135.4M)	(142.2M)

Pair Trading with Obsidian Energy

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

Moving against Obsidian Stock

0.34	ENB-PFV	Enbridge Pref 5	Pair Corr
0.32	ENS	E Split Corp	Pair Corr
0.32	ENS-PA	E Split Corp	Pair Corr

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

The correlation of Obsidian Energy 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 Obsidian Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Obsidian Energy 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 Obsidian Energy 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 Obsidian Energy is a strong investment it is important to analyze Obsidian Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Obsidian Energy's future performance. For an informed investment choice regarding Obsidian Stock, refer to the following important reports:

How To Invest In Obsidian

Details

Is Obsidian Stock a good investment?

Details

What is Obsidian Energy's Net Worth?

Details

Largest Oil & Gas E&P Companies

View

Largest Energy Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Obsidian Energy. 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.

To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Please note, there is a significant difference between Obsidian Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Obsidian Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Obsidian Energy's 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Obsidian Free Cash Flow Yield vs Price To Sales Ratio Analysis

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Price To Sales Ratio

Obsidian Energy fundamental ratios Correlations

Obsidian Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Obsidian Energy fundamental ratios Accounts

Pair Trading with Obsidian Energy

Moving against Obsidian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 1.0	Non Current Liabilities Total

Short Term Debt	- 0.74	Accounts Payable
Common Stock Total Equity	- 0.54	Retained Earnings
Common Stock	- 0.53	Retained Earnings
Other Assets	- 0.52	Non Currrent Assets Other
Other Liab	- 0.49	Common Stock Shares Outstanding
Short Term Debt	- 0.47	Non Currrent Assets Other