ODP Free Cash Flow vs Net Income Analysis

ODP Stock

USD 25.68 0.45 1.72%

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

To learn how to invest in ODP Stock, please use our How to Invest in ODP Corp guide.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ODP Corp Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have very week relationship.

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

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

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

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in ODP Corp financial statement analysis. It represents the amount of money remaining after all of ODP Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

To learn how to invest in ODP Stock, please use our How to Invest in ODP Corp guide.At this time, ODP Corp's Selling General Administrative is relatively stable compared to the past year. As of 11/29/2024, Enterprise Value Over EBITDA is likely to grow to 10.41, while Sales General And Administrative To Revenue is likely to drop 0.13.

	2021	2022	2023	2024 (projected)
Interest Expense	28M	16M	20M	19M
Depreciation And Amortization	146M	131M	115M	173.1M

Interest Expense Depreciation And Amortization

ODP Corp 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Good Will	Common Stock Total Equity
Total Assets		0.89	0.52	0.94	0.91	0.52	0.63	-0.4	0.86	0.89	0.61	0.86	0.84	0.76	0.96	0.83	0.29	0.88	0.98	0.1	0.91	0.35	0.88	0.27	0.54	0.67
Short Long Term Debt Total	0.89		0.35	0.8	0.87	0.58	0.9	-0.06	0.63	0.92	0.46	0.63	0.81	0.72	0.84	0.54	0.08	0.81	0.85	0.11	0.69	0.66	0.6	0.55	0.76	0.68
Other Current Liab	0.52	0.35		0.7	0.26	0.62	0.11	-0.61	0.59	0.34	0.51	0.59	0.49	0.34	0.46	0.54	0.58	0.4	0.61	0.16	0.58	0.14	0.69	-0.18	0.0	0.04
Total Current Liabilities	0.94	0.8	0.7		0.76	0.62	0.51	-0.54	0.87	0.75	0.6	0.87	0.88	0.7	0.86	0.85	0.4	0.76	0.97	0.19	0.93	0.41	0.92	0.04	0.35	0.55
Total Stockholder Equity	0.91	0.87	0.26	0.76		0.47	0.72	-0.1	0.65	0.95	0.57	0.66	0.65	0.78	0.82	0.62	0.18	0.88	0.82	0.12	0.69	0.34	0.68	0.47	0.76	0.57
Property Plant And Equipment Net	0.52	0.58	0.62	0.62	0.47		0.58	-0.03	0.26	0.61	0.66	0.26	0.41	0.47	0.35	0.21	0.38	0.39	0.51	0.47	0.34	0.53	0.38	0.16	0.39	-0.13
Net Debt	0.63	0.9	0.11	0.51	0.72	0.58		0.34	0.23	0.83	0.36	0.23	0.59	0.57	0.55	0.14	-0.09	0.59	0.55	0.21	0.33	0.76	0.25	0.71	0.88	0.47
Retained Earnings	-0.4	-0.06	-0.61	-0.54	-0.1	-0.03	0.34		-0.73	-0.03	-0.27	-0.73	-0.34	-0.3	-0.44	-0.72	-0.54	-0.37	-0.51	0.16	-0.65	0.32	-0.66	0.56	0.41	-0.22
Cash	0.86	0.63	0.59	0.87	0.65	0.26	0.23	-0.73		0.57	0.38	1.0	0.76	0.6	0.88	0.93	0.34	0.75	0.9	-0.13	0.95	0.12	0.89	-0.03	0.13	0.67
Non Current Assets Total	0.89	0.92	0.34	0.75	0.95	0.61	0.83	-0.03	0.57		0.67	0.57	0.62	0.83	0.8	0.5	0.2	0.88	0.8	0.14	0.61	0.42	0.6	0.56	0.82	0.52
Non Currrent Assets Other	0.61	0.46	0.51	0.6	0.57	0.66	0.36	-0.27	0.38	0.67		0.38	0.28	0.73	0.53	0.44	0.45	0.6	0.59	0.31	0.43	-0.05	0.56	0.05	0.37	-0.01
Cash And Short Term Investments	0.86	0.63	0.59	0.87	0.66	0.26	0.23	-0.73	1.0	0.57	0.38		0.76	0.6	0.87	0.93	0.34	0.75	0.9	-0.13	0.95	0.11	0.89	-0.03	0.13	0.67
Net Receivables	0.84	0.81	0.49	0.88	0.65	0.41	0.59	-0.34	0.76	0.62	0.28	0.76		0.45	0.83	0.77	0.05	0.56	0.88	0.17	0.88	0.59	0.8	0.16	0.35	0.73
Common Stock Shares Outstanding	0.76	0.72	0.34	0.7	0.78	0.47	0.57	-0.3	0.6	0.83	0.73	0.6	0.45		0.67	0.5	0.27	0.86	0.71	0.06	0.56	0.23	0.58	0.26	0.61	0.43
Non Current Liabilities Total	0.96	0.84	0.46	0.86	0.82	0.35	0.55	-0.44	0.88	0.8	0.53	0.87	0.83	0.67		0.85	0.23	0.84	0.96	-0.04	0.91	0.25	0.84	0.29	0.45	0.76
Inventory	0.83	0.54	0.54	0.85	0.62	0.21	0.14	-0.72	0.93	0.5	0.44	0.93	0.77	0.5	0.85		0.28	0.64	0.88	0.06	0.97	0.0	0.95	-0.19	0.05	0.6
Other Current Assets	0.29	0.08	0.58	0.4	0.18	0.38	-0.09	-0.54	0.34	0.2	0.45	0.34	0.05	0.27	0.23	0.28		0.34	0.33	-0.16	0.32	-0.17	0.37	-0.2	-0.12	-0.15
Other Stockholder Equity	0.88	0.81	0.4	0.76	0.88	0.39	0.59	-0.37	0.75	0.88	0.6	0.75	0.56	0.86	0.84	0.64	0.34		0.83	-0.1	0.7	0.19	0.67	0.32	0.6	0.61
Total Liab	0.98	0.85	0.61	0.97	0.82	0.51	0.55	-0.51	0.9	0.8	0.59	0.9	0.88	0.71	0.96	0.88	0.33	0.83		0.08	0.95	0.34	0.91	0.17	0.41	0.67
Property Plant And Equipment Gross	0.1	0.11	0.16	0.19	0.12	0.47	0.21	0.16	-0.13	0.14	0.31	-0.13	0.17	0.06	-0.04	0.06	-0.16	-0.1	0.08		0.05	0.17	0.18	-0.24	0.16	-0.32
Total Current Assets	0.91	0.69	0.58	0.93	0.69	0.34	0.33	-0.65	0.95	0.61	0.43	0.95	0.88	0.56	0.91	0.97	0.32	0.7	0.95	0.05		0.23	0.95	-0.04	0.18	0.68
Short Term Debt	0.35	0.66	0.14	0.41	0.34	0.53	0.76	0.32	0.12	0.42	-0.05	0.11	0.59	0.23	0.25	0.0	-0.17	0.19	0.34	0.17	0.23		0.1	0.43	0.48	0.37
Accounts Payable	0.88	0.6	0.69	0.92	0.68	0.38	0.25	-0.66	0.89	0.6	0.56	0.89	0.8	0.58	0.84	0.95	0.37	0.67	0.91	0.18	0.95	0.1		-0.11	0.19	0.52
Intangible Assets	0.27	0.55	-0.18	0.04	0.47	0.16	0.71	0.56	-0.03	0.56	0.05	-0.03	0.16	0.26	0.29	-0.19	-0.2	0.32	0.17	-0.24	-0.04	0.43	-0.11		0.81	0.34
Good Will	0.54	0.76	0.0	0.35	0.76	0.39	0.88	0.41	0.13	0.82	0.37	0.13	0.35	0.61	0.45	0.05	-0.12	0.6	0.41	0.16	0.18	0.48	0.19	0.81		0.37
Common Stock Total Equity	0.67	0.68	0.04	0.55	0.57	-0.13	0.47	-0.22	0.67	0.52	-0.01	0.67	0.73	0.43	0.76	0.6	-0.15	0.61	0.67	-0.32	0.68	0.37	0.52	0.34	0.37

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ODP Corp Account Relationship Matchups

ODP Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.3B	5.6B	4.9B	4.1B	3.9B	4.6B
Short Long Term Debt Total	2.6B	1.4B	1.0B	881M	963M	847.2M
Other Current Liab	1.2B	1.2B	1.3B	1.0B	923M	600.3M
Total Current Liabilities	3.1B	2.1B	2.3B	1.9B	1.7B	1.9B
Total Stockholder Equity	2.2B	1.9B	1.4B	1.3B	1.1B	1.6B
Property Plant And Equipment Net	2.1B	1.7B	1.4B	1.2B	1.3B	1.0B
Net Debt	1.9B	640M	487M	478M	571M	357.9M
Retained Earnings	(89M)	(409M)	(617M)	(451M)	(312M)	(296.4M)
Cash	698M	729M	514M	403M	392M	489.3M
Non Current Assets Total	3.9B	3.2B	2.5B	2.2B	2.2B	2.0B
Non Currrent Assets Other	240M	314M	318M	319M	277M	229.5M
Cash And Short Term Investments	698M	729M	514M	403M	392M	497.2M
Net Receivables	1.6B	442M	495M	536M	487M	813.8M
Common Stock Shares Outstanding	56M	55.3M	53M	48M	40M	36.4M
Liabilities And Stockholders Equity	7.3B	5.6B	4.9B	4.1B	3.9B	4.6B
Non Current Liabilities Total	2.0B	1.6B	1.2B	1.0B	1.1B	1.1B
Inventory	1.0B	930M	859M	828M	765M	1.2B
Other Stockholder Equity	2.3B	2.3B	2.1B	1.8B	1.5B	981.7M
Total Liab	5.1B	3.7B	3.4B	2.9B	2.8B	3.0B
Property Plant And Equipment Gross	2.1B	576M	1.4B	1.2B	3.2B	3.4B
Total Current Assets	3.4B	2.4B	2.4B	1.9B	1.7B	2.7B
Accumulated Other Comprehensive Income	(66M)	(32M)	(6M)	(77M)	(114M)	(108.3M)
Short Term Debt	841M	24M	20M	16M	9M	8.6M
Accounts Payable	1.0B	857M	950M	821M	755M	1.1B
Intangible Assets	422M	388M	357M	46M	45M	42.8M
Good Will	914M	944M	609M	464M	403M	513.8M
Other Liab	261M	240M	181M	138M	158.7M	150.8M
Other Assets	440M	1.7B	545M	503M	578.5M	547.7M
Long Term Debt	517M	297M	193M	148M	144M	136.8M
Treasury Stock	(325M)	(355M)	(632M)	(928M)	(1.1B)	(1.1B)
Property Plant Equipment	679M	576M	477M	352M	316.8M	301.0M
Current Deferred Revenue	991M	52M	64M	62M	56M	30.4M
Net Tangible Assets	841M	914M	920M	777M	699.3M	824.6M
Retained Earnings Total Equity	(89M)	(409M)	(617M)	(451M)	(518.7M)	(544.6M)

Pair Trading with ODP Corp

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

Moving against ODP Stock

0.62	WRBY	Warby Parker	Pair Corr
0.6	WEYS	Weyco Group	Pair Corr
0.59	VSCO	Victorias Secret	Pair Corr
0.49	LB	LandBridge Company	Pair Corr

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

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

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

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