Pieridae Free Cash Flow Yield vs Capex To Depreciation Analysis

PEA Stock

CAD 0.22 0.01 4.35%

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

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pieridae Energy Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Pieridae Energy's Free Cash Flow Yield and Capex To Depreciation is -0.2. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Pieridae Energy, assuming nothing else is changed. The correlation between historical values of Pieridae Energy's Free Cash Flow Yield and Capex To Depreciation 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 Pieridae Energy are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Pieridae Energy's Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
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.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Pieridae Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pieridae 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 Pieridae 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.

At this time, Pieridae Energy's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 28th of November 2024, Enterprise Value Multiple is likely to grow to 2.14, while Selling General Administrative is likely to drop about 13 M.

Pieridae Energy fundamental ratios Correlations

	Total Assets	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 Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Current Assets	Other Stockholder Equity	Short Long Term Debt Total	Inventory
Total Assets		0.61	0.83	0.39	0.98	0.97	-0.9	0.97	0.7	1.0	-0.04	0.59	0.95	0.98	0.97	0.22	0.9	0.98	0.99	0.94	0.44	0.93	0.63	-0.08	0.92	0.56
Other Current Liab	0.61		0.89	0.38	0.53	0.51	-0.53	0.66	0.75	0.58	0.17	0.7	0.72	0.65	0.69	0.16	0.3	0.56	0.61	0.67	0.86	0.63	0.26	-0.07	0.52	-0.08
Total Current Liabilities	0.83	0.89		0.39	0.77	0.78	-0.71	0.87	0.74	0.82	0.12	0.67	0.92	0.81	0.86	0.15	0.58	0.8	0.83	0.84	0.84	0.79	0.39	-0.04	0.77	0.2
Total Stockholder Equity	0.39	0.38	0.39		0.23	0.21	0.01	0.32	0.22	0.34	0.14	0.04	0.45	0.46	0.34	0.24	0.06	0.19	0.39	0.57	0.3	0.26	0.77	-0.08	0.09	0.0
Property Plant And Equipment Net	0.98	0.53	0.77	0.23		0.97	-0.95	0.94	0.65	0.99	-0.12	0.58	0.88	0.95	0.92	0.21	0.95	0.99	0.96	0.86	0.37	0.95	0.52	-0.09	0.94	0.61
Net Debt	0.97	0.51	0.78	0.21	0.97		-0.93	0.94	0.65	0.97	-0.05	0.58	0.92	0.92	0.94	0.14	0.94	0.98	0.95	0.89	0.4	0.91	0.48	-0.07	0.97	0.69
Retained Earnings	-0.9	-0.53	-0.71	0.01	-0.95	-0.93		-0.9	-0.74	-0.92	0.13	-0.71	-0.81	-0.88	-0.91	-0.18	-0.95	-0.96	-0.9	-0.77	-0.31	-0.92	-0.36	0.07	-0.94	-0.55
Accounts Payable	0.97	0.66	0.87	0.32	0.94	0.94	-0.9		0.77	0.97	0.01	0.67	0.96	0.95	0.98	0.16	0.87	0.96	0.99	0.93	0.47	0.89	0.61	-0.05	0.89	0.42
Cash	0.7	0.75	0.74	0.22	0.65	0.65	-0.74	0.77		0.68	0.14	0.94	0.76	0.76	0.79	0.32	0.57	0.7	0.74	0.74	0.47	0.71	0.39	0.17	0.65	0.06
Non Current Assets Total	1.0	0.58	0.82	0.34	0.99	0.97	-0.92	0.97	0.68		-0.07	0.58	0.93	0.97	0.95	0.22	0.92	0.99	0.98	0.91	0.42	0.94	0.59	-0.09	0.93	0.58
Non Currrent Assets Other	-0.04	0.17	0.12	0.14	-0.12	-0.05	0.13	0.01	0.14	-0.07		0.15	0.1	-0.01	0.01	0.12	-0.16	-0.07	-0.03	0.1	0.21	-0.05	0.06	0.46	-0.05	-0.13
Cash And Short Term Investments	0.59	0.7	0.67	0.04	0.58	0.58	-0.71	0.67	0.94	0.58	0.15		0.65	0.64	0.68	0.33	0.5	0.62	0.62	0.6	0.49	0.71	0.17	0.23	0.66	0.04
Net Receivables	0.95	0.72	0.92	0.45	0.88	0.92	-0.81	0.96	0.76	0.93	0.1	0.65		0.93	0.97	0.17	0.77	0.91	0.95	0.98	0.6	0.86	0.61	-0.01	0.87	0.46
Common Stock Total Equity	0.98	0.65	0.81	0.46	0.95	0.92	-0.88	0.95	0.76	0.97	-0.01	0.64	0.93		0.96	0.29	0.87	0.94	0.98	0.95	0.41	0.93	0.68	-0.07	0.87	0.5
Common Stock Shares Outstanding	0.97	0.69	0.86	0.34	0.92	0.94	-0.91	0.98	0.79	0.95	0.01	0.68	0.97	0.96		0.17	0.86	0.95	0.97	0.95	0.47	0.89	0.6	-0.07	0.9	0.49
Short Term Investments	0.22	0.16	0.15	0.24	0.21	0.14	-0.18	0.16	0.32	0.22	0.12	0.33	0.17	0.29	0.17		0.16	0.17	0.18	0.18	0.09	0.3	0.07	0.4	0.15	0.08
Non Current Liabilities Total	0.9	0.3	0.58	0.06	0.95	0.94	-0.95	0.87	0.57	0.92	-0.16	0.5	0.77	0.87	0.86	0.16		0.95	0.89	0.76	0.11	0.87	0.48	-0.07	0.91	0.72
Total Liab	0.98	0.56	0.8	0.19	0.99	0.98	-0.96	0.96	0.7	0.99	-0.07	0.62	0.91	0.94	0.95	0.17	0.95		0.97	0.88	0.4	0.94	0.5	-0.07	0.96	0.6
Property Plant And Equipment Gross	0.99	0.61	0.83	0.39	0.96	0.95	-0.9	0.99	0.74	0.98	-0.03	0.62	0.95	0.98	0.97	0.18	0.89	0.97		0.95	0.42	0.9	0.67	-0.07	0.9	0.48
Total Current Assets	0.94	0.67	0.84	0.57	0.86	0.89	-0.77	0.93	0.74	0.91	0.1	0.6	0.98	0.95	0.95	0.18	0.76	0.88	0.95		0.48	0.83	0.74	-0.01	0.82	0.46
Short Term Debt	0.44	0.86	0.84	0.3	0.37	0.4	-0.31	0.47	0.47	0.42	0.21	0.49	0.6	0.41	0.47	0.09	0.11	0.4	0.42	0.48		0.47	0.0	0.0	0.44	-0.07
Common Stock	0.93	0.63	0.79	0.26	0.95	0.91	-0.92	0.89	0.71	0.94	-0.05	0.71	0.86	0.93	0.89	0.3	0.87	0.94	0.9	0.83	0.47		0.43	-0.07	0.94	0.54
Other Current Assets	0.63	0.26	0.39	0.77	0.52	0.48	-0.36	0.61	0.39	0.59	0.06	0.17	0.61	0.68	0.6	0.07	0.48	0.5	0.67	0.74	0.0	0.43		-0.09	0.35	0.19
Other Stockholder Equity	-0.08	-0.07	-0.04	-0.08	-0.09	-0.07	0.07	-0.05	0.17	-0.09	0.46	0.23	-0.01	-0.07	-0.07	0.4	-0.07	-0.07	-0.07	-0.01	0.0	-0.07	-0.09		-0.05	-0.02
Short Long Term Debt Total	0.92	0.52	0.77	0.09	0.94	0.97	-0.94	0.89	0.65	0.93	-0.05	0.66	0.87	0.87	0.9	0.15	0.91	0.96	0.9	0.82	0.44	0.94	0.35	-0.05		0.67
Inventory	0.56	-0.08	0.2	0.0	0.61	0.69	-0.55	0.42	0.06	0.58	-0.13	0.04	0.46	0.5	0.49	0.08	0.72	0.6	0.48	0.46	-0.07	0.54	0.19	-0.02	0.67

Click cells to compare fundamentals

Pieridae Energy Account Relationship Matchups

Pieridae Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	602.5M	612.7M	622.5M	615.5M	638.5M	670.5M
Other Current Liab	45K	5.9M	6.9M	21.7M	9.2M	9.6M
Total Current Liabilities	77.5M	106.8M	172.4M	343.6M	163.9M	172.1M
Total Stockholder Equity	104.5M	4.6M	(32.8M)	115.1M	174.7M	183.5M
Property Plant And Equipment Net	501.6M	521.0M	537.2M	409.6M	404.4M	424.6M
Net Debt	198.9M	211.5M	208.1M	184.7M	156.7M	164.6M
Retained Earnings	(184.1M)	(284.7M)	(324.3M)	(177.8M)	(168.8M)	(160.3M)
Accounts Payable	73.6M	98.8M	142.3M	116.8M	121.9M	128.0M
Cash	9.6M	11.1M	26.2M	22.3M	19.0M	20.0M
Non Current Assets Total	505.9M	525.4M	537.8M	488.5M	495.4M	520.2M
Non Currrent Assets Other	1.6M	600K	790K	8.0M	7.2M	4.7M
Cash And Short Term Investments	9.6M	11.1M	26.2M	22.3M	19.0M	9.6M
Net Receivables	40.8M	44.9M	49.6M	74.5M	61.5M	64.6M
Common Stock Total Equity	128.8M	193.3M	274.8M	274.3M	315.5M	331.2M
Common Stock Shares Outstanding	98.6M	158.1M	157.6M	161.0M	162.9M	171.0M
Liabilities And Stockholders Equity	602.5M	612.7M	622.5M	615.5M	638.5M	670.5M
Non Current Liabilities Total	420.7M	501.4M	483.3M	157.1M	300.3M	315.3M
Total Liab	498.2M	608.3M	655.8M	500.7M	464.1M	487.3M
Property Plant And Equipment Gross	501.6M	521.0M	669.1M	556.8M	661.8M	694.9M
Total Current Assets	96.6M	87.2M	84.8M	126.9M	143.1M	150.3M
Short Term Debt	2.7M	2.0M	23.2M	205.1M	32.8M	18.7M
Common Stock	193.3M	274.8M	274.3M	275.9M	275.9M	164.8M
Other Current Assets	22.7M	7.4M	6.4M	505K	58.9M	61.9M
Other Stockholder Equity	11.4M	12.4M	14.2M	14.2M	13.2M	12.1M
Short Long Term Debt Total	208.5M	222.6M	234.3M	206.9M	175.7M	93.1M
Accumulated Other Comprehensive Income	2.4M	2.6M	3.0M	2.8M	54.4M	57.1M
Inventory	23.5M	23.9M	2.5M	3.1M	3.7M	5.2M
Long Term Debt	0.0	202.9M	219.6M	209.9M	141.5M	94.6M
Long Term Debt Total	205.8M	220.5M	211.1M	1.8M	2.1M	2.0M
Capital Surpluse	10.5M	12.4M	12.9M	12.8M	14.7M	10.4M
Property Plant Equipment	501.6M	521.0M	537.2M	409.6M	471.0M	328.9M
Net Tangible Assets	91.9M	104.5M	4.6M	(32.8M)	(29.5M)	(28.1M)
Other Assets	1.6M	600K	790K	78.9M	90.8M	95.3M
Long Term Investments	3.7M	3.7M	3.7M	3.7M	3.3M	3.2M
Short Long Term Debt	32K	50.0M	21.7M	203.3M	30.7M	56.0M
Cash And Equivalents	9.6M	11.1M	26.2M	22.3M	25.6M	15.5M
Other Liab	166.7M	214.9M	280.9M	272.2M	313.0M	206.3M
Net Invested Capital	307.4M	224.2M	198.7M	318.4M	347.0M	251.0M

Pair Trading with Pieridae 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 Pieridae 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 Pieridae Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Pieridae Stock

0.88	ENB-PFV	Enbridge Pref 5	Pair Corr
0.82	ENS	E Split Corp	Pair Corr
0.72	ENS-PA	E Split Corp	Pair Corr
0.69	ENB-PFU	Enbridge Pref L	Pair Corr
0.42	CCL-A	CCL Industries	Pair Corr

The ability to find closely correlated positions to Pieridae 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 Pieridae 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 Pieridae 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 Pieridae Energy to buy it.

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

Other Information on Investing in Pieridae Stock

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

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Pieridae Free Cash Flow Yield vs Capex To Depreciation Analysis

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Capex To Depreciation

Pieridae Energy fundamental ratios Correlations

Pieridae Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pieridae Energy fundamental ratios Accounts

Pair Trading with Pieridae Energy

Moving against Pieridae Stock

Other Information on Investing in Pieridae Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Accounts Payable
Total Liab	+ 0.99	Non Current Assets Total

Total Liab	- 0.96	Retained Earnings
Non Current Liabilities Total	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Property Plant And Equipment Net
Short Long Term Debt Total	- 0.94	Retained Earnings
Retained Earnings	- 0.93	Net Debt
Common Stock	- 0.92	Retained Earnings