Precision Book Value Per Share vs Free Cash Flow Yield Analysis

PD Stock

CAD 92.36 1.29 1.42%

Precision Drilling financial indicator trend analysis is much more than just breaking down Precision Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Precision Drilling is a good investment. Please check the relationship between Precision Drilling Book Value Per Share and its Free Cash Flow Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.

Book Value Per Share vs Free Cash Flow Yield

Book Value Per Share vs Free Cash Flow Yield Correlation Analysis

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

The correlation between Precision Drilling's Book Value Per Share and Free Cash Flow Yield is -0.34. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Precision Drilling, assuming nothing else is changed. The correlation between historical values of Precision Drilling's Book Value Per Share and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Precision Drilling are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Book Value Per Share i.e., Precision Drilling's Book Value Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

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.

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

To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Selling General Administrative is likely to drop about 112.5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	91.4M	87.8M	84.8M	118.0M
Depreciation And Amortization	282.3M	279.0M	307.1M	234.3M

Interest Expense Depreciation And Amortization

Precision Drilling 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	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 Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Other Current Assets	Current Deferred Revenue
Total Assets		0.83	0.23	0.69	0.98	0.97	0.7	0.27	0.47	0.61	0.99	0.23	0.61	0.73	0.74	0.97	-0.03	0.15	0.98	0.43	0.83	0.74	-0.9	0.08	0.39	-0.77
Short Long Term Debt Total	0.83		0.23	0.32	0.72	0.92	0.95	-0.05	0.13	0.46	0.87	0.18	0.46	0.3	0.65	0.94	0.26	-0.1	0.89	0.23	0.51	0.64	-0.65	0.26	0.39	-0.72
Other Current Liab	0.23	0.23		-0.01	0.23	0.21	0.25	-0.13	-0.47	-0.05	0.27	0.44	-0.05	-0.05	0.5	0.26	0.35	-0.21	0.23	0.75	0.04	0.26	-0.32	-0.64	-0.13	-0.22
Total Current Liabilities	0.69	0.32	-0.01		0.7	0.57	0.19	0.15	0.86	0.46	0.62	0.15	0.46	0.94	0.47	0.54	-0.04	0.31	0.67	0.44	0.82	0.29	-0.74	-0.1	0.51	-0.61
Total Stockholder Equity	0.98	0.72	0.23	0.7		0.93	0.6	0.35	0.49	0.56	0.97	0.2	0.56	0.78	0.72	0.9	-0.11	0.17	0.93	0.47	0.82	0.71	-0.91	0.01	0.35	-0.74
Property Plant And Equipment Net	0.97	0.92	0.21	0.57	0.93		0.84	0.15	0.36	0.5	0.99	0.21	0.5	0.6	0.72	0.98	0.09	0.0	0.97	0.35	0.69	0.71	-0.86	0.18	0.46	-0.8
Net Debt	0.7	0.95	0.25	0.19	0.6	0.84		-0.24	0.0	0.16	0.78	0.17	0.16	0.18	0.62	0.82	0.46	-0.28	0.76	0.22	0.26	0.48	-0.54	0.23	0.5	-0.74
Retained Earnings	0.27	-0.05	-0.13	0.15	0.35	0.15	-0.24		0.2	0.54	0.21	0.25	0.54	0.29	0.01	0.2	-0.89	0.27	0.2	-0.2	0.46	0.63	-0.17	0.27	-0.51	0.36
Accounts Payable	0.47	0.13	-0.47	0.86	0.49	0.36	0.0	0.2		0.41	0.39	-0.09	0.41	0.86	0.14	0.31	-0.22	0.38	0.43	0.07	0.7	0.09	-0.48	0.1	0.43	-0.41
Cash	0.61	0.46	-0.05	0.46	0.56	0.5	0.16	0.54	0.41		0.52	0.07	1.0	0.42	0.29	0.62	-0.48	0.5	0.64	0.03	0.85	0.65	-0.49	0.24	-0.16	-0.17
Non Current Assets Total	0.99	0.87	0.27	0.62	0.97	0.99	0.78	0.21	0.39	0.52		0.24	0.52	0.67	0.75	0.97	0.05	0.05	0.98	0.43	0.74	0.73	-0.89	0.09	0.43	-0.8
Non Currrent Assets Other	0.23	0.18	0.44	0.15	0.2	0.21	0.17	0.25	-0.09	0.07	0.24		0.07	0.08	0.09	0.25	-0.15	0.02	0.25	0.14	0.13	0.48	-0.33	-0.03	-0.17	0.02
Cash And Short Term Investments	0.61	0.46	-0.05	0.46	0.56	0.5	0.16	0.54	0.41	1.0	0.52	0.07		0.42	0.29	0.62	-0.48	0.5	0.64	0.03	0.85	0.65	-0.49	0.24	-0.16	-0.17
Net Receivables	0.73	0.3	-0.05	0.94	0.78	0.6	0.18	0.29	0.86	0.42	0.67	0.08	0.42		0.53	0.55	-0.15	0.35	0.66	0.44	0.82	0.32	-0.73	-0.12	0.45	-0.6
Common Stock Shares Outstanding	0.74	0.65	0.5	0.47	0.72	0.72	0.62	0.01	0.14	0.29	0.75	0.09	0.29	0.53		0.73	0.33	0.03	0.74	0.68	0.53	0.39	-0.59	-0.22	0.37	-0.66
Non Current Liabilities Total	0.97	0.94	0.26	0.54	0.9	0.98	0.82	0.2	0.31	0.62	0.97	0.25	0.62	0.55	0.73		0.06	0.08	0.99	0.35	0.74	0.76	-0.82	0.18	0.35	-0.74
Inventory	-0.03	0.26	0.35	-0.04	-0.11	0.09	0.46	-0.89	-0.22	-0.48	0.05	-0.15	-0.48	-0.15	0.33	0.06		-0.4	0.04	0.41	-0.32	-0.44	0.0	-0.32	0.58	-0.48
Other Stockholder Equity	0.15	-0.1	-0.21	0.31	0.17	0.0	-0.28	0.27	0.38	0.5	0.05	0.02	0.5	0.35	0.03	0.08	-0.4		0.12	-0.09	0.48	0.14	-0.17	0.09	-0.22	-0.04
Total Liab	0.98	0.89	0.23	0.67	0.93	0.97	0.76	0.2	0.43	0.64	0.98	0.25	0.64	0.66	0.74	0.99	0.04	0.12		0.39	0.81	0.73	-0.86	0.14	0.4	-0.77
Property Plant And Equipment Gross	0.43	0.23	0.75	0.44	0.47	0.35	0.22	-0.2	0.07	0.03	0.43	0.14	0.03	0.44	0.68	0.35	0.41	-0.09	0.39		0.35	0.04	-0.52	-0.81	0.3	-0.53
Total Current Assets	0.83	0.51	0.04	0.82	0.82	0.69	0.26	0.46	0.7	0.85	0.74	0.13	0.85	0.82	0.53	0.74	-0.32	0.48	0.81	0.35		0.61	-0.75	0.01	0.15	-0.49
Short Term Debt	0.74	0.64	0.26	0.29	0.71	0.71	0.48	0.63	0.09	0.65	0.73	0.48	0.65	0.32	0.39	0.76	-0.44	0.14	0.73	0.04	0.61		-0.63	0.33	-0.17	-0.24
Intangible Assets	-0.9	-0.65	-0.32	-0.74	-0.91	-0.86	-0.54	-0.17	-0.48	-0.49	-0.89	-0.33	-0.49	-0.73	-0.59	-0.82	0.0	-0.17	-0.86	-0.52	-0.75	-0.63		0.07	-0.44	0.78
Short Term Investments	0.08	0.26	-0.64	-0.1	0.01	0.18	0.23	0.27	0.1	0.24	0.09	-0.03	0.24	-0.12	-0.22	0.18	-0.32	0.09	0.14	-0.81	0.01	0.33	0.07		0.05	0.1
Other Current Assets	0.39	0.39	-0.13	0.51	0.35	0.46	0.5	-0.51	0.43	-0.16	0.43	-0.17	-0.16	0.45	0.37	0.35	0.58	-0.22	0.4	0.3	0.15	-0.17	-0.44	0.05		-0.74
Current Deferred Revenue	-0.77	-0.72	-0.22	-0.61	-0.74	-0.8	-0.74	0.36	-0.41	-0.17	-0.8	0.02	-0.17	-0.6	-0.66	-0.74	-0.48	-0.04	-0.77	-0.53	-0.49	-0.24	0.78	0.1	-0.74

Click cells to compare fundamentals

Precision Drilling Account Relationship Matchups

Precision Drilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3B	2.9B	2.7B	2.9B	3.3B	3.3B
Short Long Term Debt Total	1.5B	1.3B	1.2B	1.2B	992.2M	1.0B
Other Current Liab	4.1M	3.7M	839K	3.0M	191.0M	200.6M
Total Current Liabilities	216.1M	166.8M	238.1M	410.0M	365.6M	304.6M
Total Stockholder Equity	1.5B	1.4B	1.2B	1.2B	1.6B	1.7B
Property Plant And Equipment Net	2.8B	2.5B	2.3B	2.4B	2.4B	2.4B
Net Debt	1.4B	1.2B	1.1B	1.1B	938.0M	901.5M
Retained Earnings	(969.5M)	(1.1B)	(1.3B)	(1.3B)	(1.0B)	(961.4M)
Accounts Payable	199.5M	151.0M	224.1M	392.1M	151.3M	215.1M
Cash	74.7M	108.8M	40.6M	21.6M	54.2M	51.5M
Non Current Assets Total	2.9B	2.6B	2.3B	2.4B	2.8B	2.8B
Non Currrent Assets Other	(2.8B)	(2.6B)	7.4M	1.6M	10.7M	11.2M
Cash And Short Term Investments	74.7M	108.8M	40.6M	21.6M	54.2M	51.5M
Net Receivables	311.3M	207.2M	255.7M	413.9M	421.4M	409.4M
Common Stock Shares Outstanding	14.9M	13.7M	13.3M	13.5M	15.3M	14.4M
Liabilities And Stockholders Equity	3.3B	2.9B	2.7B	2.9B	3.3B	3.3B
Non Current Liabilities Total	1.5B	1.3B	1.2B	1.2B	1.4B	1.3B
Inventory	31.7M	26.3M	23.4M	35.2M	35.3M	29.1M
Other Stockholder Equity	66.3M	72.9M	76.3M	72.6M	75.1M	71.3M
Total Liab	1.7B	1.5B	1.4B	1.6B	1.7B	1.6B
Property Plant And Equipment Gross	2.8B	2.5B	2.3B	2.4B	7.0B	7.3B
Total Current Assets	417.8M	342.3M	319.8M	470.7M	510.9M	577.2M
Accumulated Other Comprehensive Income	134.3M	137.6M	134.8M	159.7M	147.5M	154.8M
Short Term Debt	12.4M	12.2M	13.2M	15.0M	20.2M	19.2M
Intangible Assets	31.7M	27.7M	23.9M	19.6M	17.3M	16.4M
Other Current Assets	67.4M	76.5M	76.1M	91.2M	86.9M	46.4M
Other Assets	7.0M	3.2M	2.9M	455K	409.5K	389.0K
Common Stock	2.3B	2.3B	2.3B	2.3B	2.4B	2.5B
Other Liab	44.2M	40.3M	45.5M	96.6M	87.0M	163.3M
Net Tangible Assets	1.5B	1.4B	1.2B	1.2B	1.1B	1.3B
Long Term Debt	1.4B	1.2B	1.1B	1.1B	914.8M	1.2B
Deferred Long Term Liab	2.3M	2.1M	2.1M	1.4M	1.3M	2.1M
Property Plant Equipment	2.8B	2.5B	2.3B	2.4B	2.1B	2.5B
Long Term Debt Total	1.5B	1.3B	1.2B	1.1B	1.0B	1.3B
Capital Surpluse	66.3M	72.9M	76.3M	72.6M	83.4M	63.1M

Pair Trading with Precision Drilling

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

Moving against Precision Stock

0.73	MRT-UN	Morguard Real Estate	Pair Corr
0.67	ENB-PFU	Enbridge Pref L	Pair Corr
0.62	ENB-PFV	Enbridge Pref 5	Pair Corr
0.62	PPL-PA	Pembina Pipeline Corp	Pair Corr
0.6	SGR-U	Slate Grocery REIT	Pair Corr

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

The correlation of Precision Drilling 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 Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling 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 Precision Drilling 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 Precision Drilling is a strong investment it is important to analyze Precision Drilling'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 Precision Drilling's future performance. For an informed investment choice regarding Precision Stock, refer to the following important reports:

How To Invest In Precision

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Is Precision Stock a good investment?

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What is Precision Drilling's Net Worth?

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Largest Oil & Gas Drilling Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.

You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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

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Precision Book Value Per Share vs Free Cash Flow Yield Analysis

Book Value Per Share vs Free Cash Flow Yield

Book Value Per Share vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Book Value Per Share

Free Cash Flow Yield

Precision Drilling fundamental ratios Correlations

Precision Drilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Precision Drilling fundamental ratios Accounts

Pair Trading with Precision Drilling

Moving against Precision Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets

Intangible Assets	- 0.91	Total Stockholder Equity
Intangible Assets	- 0.9	Total Assets
Intangible Assets	- 0.89	Non Current Assets Total
Inventory	- 0.89	Retained Earnings
Intangible Assets	- 0.86	Total Liab
Intangible Assets	- 0.86	Property Plant And Equipment Net