Peyto Capital Expenditures vs Free Cash Flow Analysis

PEY Stock

CAD 17.16 0.08 0.47%

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

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Peyto ExplorationDevel Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Peyto ExplorationDevel's Capital Expenditures and Free Cash Flow is -0.25. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Peyto ExplorationDevelopment Corp, assuming nothing else is changed. The correlation between historical values of Peyto ExplorationDevel's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Peyto ExplorationDevelopment Corp are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Peyto ExplorationDevel's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Peyto ExplorationDevel to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Peyto ExplorationDevel operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

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

Most indicators from Peyto ExplorationDevel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Peyto ExplorationDevel 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 Peyto ExplorationDevelopment 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 board of governors.

As of the 23rd of November 2024, Issuance Of Capital Stock is likely to grow to about 202.1 M, while Selling General Administrative is likely to drop about 27.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	575.6M	1.1B	414.9M	331.1M
Total Revenue	912.0M	1.6B	935.8M	522.9M

Gross Profit Total Revenue

Peyto ExplorationDevel fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Net Receivables	Other Current Assets	Property Plant And Equipment Gross	Other Current Liab	Short Term Debt	Inventory	Non Currrent Assets Other	Short Term Investments	Common Stock Total Equity	Common Stock
Total Assets		0.5	0.99	0.93	0.64	0.52	0.28	-0.07	0.73	0.98	-0.27	0.99	0.79	0.94	1.0	1.0	0.78	0.71	0.9	0.11	-0.25	0.27	-0.06	0.87	0.82	0.85
Total Current Liabilities	0.5		0.52	0.35	0.48	0.84	-0.02	-0.05	0.62	0.36	-0.18	0.47	0.32	0.35	0.51	0.51	0.77	0.09	0.56	0.78	-0.01	0.03	0.14	0.45	0.44	0.45
Total Stockholder Equity	0.99	0.52		0.88	0.71	0.55	0.36	0.01	0.72	0.94	-0.22	0.97	0.83	0.89	0.98	0.98	0.82	0.73	0.92	0.1	-0.26	0.2	-0.06	0.83	0.77	0.8
Net Debt	0.93	0.35	0.88		0.33	0.42	0.06	-0.13	0.77	0.97	-0.34	0.96	0.6	1.0	0.95	0.94	0.55	0.59	0.71	0.03	-0.11	0.29	-0.03	0.83	0.81	0.81
Retained Earnings	0.64	0.48	0.71	0.33		0.45	0.54	0.23	0.22	0.5	-0.11	0.55	0.82	0.36	0.58	0.6	0.86	0.66	0.83	0.14	-0.39	-0.01	-0.07	0.4	0.35	0.42
Accounts Payable	0.52	0.84	0.55	0.42	0.45		0.0	0.35	0.76	0.39	-0.14	0.48	0.38	0.42	0.53	0.52	0.78	0.16	0.5	0.55	0.26	-0.36	0.07	0.29	0.26	0.27
Cash	0.28	-0.02	0.36	0.06	0.54	0.0		0.26	0.06	0.21	0.71	0.21	0.61	0.11	0.22	0.24	0.33	0.53	0.38	-0.21	-0.14	-0.11	-0.05	0.21	0.06	0.1
Cash And Short Term Investments	-0.07	-0.05	0.01	-0.13	0.23	0.35	0.26		0.07	-0.16	0.24	-0.15	0.21	-0.12	-0.11	-0.1	0.17	0.17	-0.11	-0.26	0.48	-0.94	0.27	-0.51	-0.55	-0.53
Common Stock Shares Outstanding	0.73	0.62	0.72	0.77	0.22	0.76	0.06	0.07		0.7	-0.07	0.73	0.34	0.77	0.77	0.75	0.57	0.2	0.53	0.3	0.09	-0.06	-0.06	0.64	0.61	0.59
Non Current Liabilities Total	0.98	0.36	0.94	0.97	0.5	0.39	0.21	-0.16	0.7		-0.31	0.99	0.73	0.98	0.98	0.98	0.64	0.7	0.83	0.02	-0.24	0.35	-0.07	0.88	0.85	0.87
Other Stockholder Equity	-0.27	-0.18	-0.22	-0.34	-0.11	-0.14	0.71	0.24	-0.07	-0.31		-0.31	-0.01	-0.31	-0.3	-0.29	-0.18	-0.05	-0.25	-0.14	0.24	-0.33	0.0	-0.22	-0.34	-0.34
Total Liab	0.99	0.47	0.97	0.96	0.55	0.48	0.21	-0.15	0.73	0.99	-0.31		0.75	0.97	0.99	0.99	0.72	0.68	0.87	0.12	-0.23	0.34	-0.05	0.89	0.85	0.87
Total Current Assets	0.79	0.32	0.83	0.6	0.82	0.38	0.61	0.21	0.34	0.73	-0.01	0.75		0.63	0.74	0.75	0.77	0.95	0.82	-0.09	-0.14	0.06	0.06	0.55	0.49	0.54
Short Long Term Debt Total	0.94	0.35	0.89	1.0	0.36	0.42	0.11	-0.12	0.77	0.98	-0.31	0.97	0.63		0.95	0.95	0.56	0.61	0.73	0.02	-0.12	0.29	-0.03	0.84	0.81	0.82
Property Plant And Equipment Net	1.0	0.51	0.98	0.95	0.58	0.53	0.22	-0.11	0.77	0.98	-0.3	0.99	0.74	0.95		1.0	0.75	0.65	0.88	0.14	-0.25	0.29	-0.07	0.88	0.84	0.86
Non Current Assets Total	1.0	0.51	0.98	0.94	0.6	0.52	0.24	-0.1	0.75	0.98	-0.29	0.99	0.75	0.95	1.0		0.76	0.67	0.89	0.13	-0.26	0.29	-0.07	0.88	0.84	0.86
Net Receivables	0.78	0.77	0.82	0.55	0.86	0.78	0.33	0.17	0.57	0.64	-0.18	0.72	0.77	0.56	0.75	0.76		0.55	0.88	0.45	-0.11	-0.02	0.02	0.57	0.49	0.54
Other Current Assets	0.71	0.09	0.73	0.59	0.66	0.16	0.53	0.17	0.2	0.7	-0.05	0.68	0.95	0.61	0.65	0.67	0.55		0.68	-0.32	-0.11	0.11	0.09	0.47	0.45	0.49
Property Plant And Equipment Gross	0.9	0.56	0.92	0.71	0.83	0.5	0.38	-0.11	0.53	0.83	-0.25	0.87	0.82	0.73	0.88	0.89	0.88	0.68		0.21	-0.46	0.31	-0.19	0.79	0.74	0.79
Other Current Liab	0.11	0.78	0.1	0.03	0.14	0.55	-0.21	-0.26	0.3	0.02	-0.14	0.12	-0.09	0.02	0.14	0.13	0.45	-0.32	0.21		0.15	0.14	0.25	0.23	0.21	0.22
Short Term Debt	-0.25	-0.01	-0.26	-0.11	-0.39	0.26	-0.14	0.48	0.09	-0.24	0.24	-0.23	-0.14	-0.12	-0.25	-0.26	-0.11	-0.11	-0.46	0.15		-0.58	0.57	-0.42	-0.41	-0.44
Inventory	0.27	0.03	0.2	0.29	-0.01	-0.36	-0.11	-0.94	-0.06	0.35	-0.33	0.34	0.06	0.29	0.29	0.29	-0.02	0.11	0.31	0.14	-0.58		-0.24	0.64	0.67	0.67
Non Currrent Assets Other	-0.06	0.14	-0.06	-0.03	-0.07	0.07	-0.05	0.27	-0.06	-0.07	0.0	-0.05	0.06	-0.03	-0.07	-0.07	0.02	0.09	-0.19	0.25	0.57	-0.24		-0.22	-0.11	-0.11
Short Term Investments	0.87	0.45	0.83	0.83	0.4	0.29	0.21	-0.51	0.64	0.88	-0.22	0.89	0.55	0.84	0.88	0.88	0.57	0.47	0.79	0.23	-0.42	0.64	-0.22		0.91	0.93
Common Stock Total Equity	0.82	0.44	0.77	0.81	0.35	0.26	0.06	-0.55	0.61	0.85	-0.34	0.85	0.49	0.81	0.84	0.84	0.49	0.45	0.74	0.21	-0.41	0.67	-0.11	0.91		1.0
Common Stock	0.85	0.45	0.8	0.81	0.42	0.27	0.1	-0.53	0.59	0.87	-0.34	0.87	0.54	0.82	0.86	0.86	0.54	0.49	0.79	0.22	-0.44	0.67	-0.11	0.93	1.0

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Peyto ExplorationDevel Account Relationship Matchups

Peyto ExplorationDevel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6B	3.6B	3.8B	4.0B	5.5B	5.8B
Total Current Liabilities	113.4M	95.1M	239.6M	471.9M	279.9M	164.8M
Total Stockholder Equity	1.7B	1.7B	1.8B	2.1B	2.7B	2.9B
Net Debt	1.1B	1.2B	1.1B	852.6M	1.4B	1.4B
Retained Earnings	63.1M	12.7M	143.2M	431.4M	485.1M	509.3M
Accounts Payable	103.6M	87.3M	169.0M	215.6M	171.8M	123.3M
Cash	6.2M	9.3M	5.7M	11.9M	37.2M	39.0M
Cash And Short Term Investments	6.2M	9.3M	5.7M	11.9M	37.2M	39.0M
Liabilities And Stockholders Equity	3.6B	3.6B	3.8B	4.0B	5.5B	5.8B
Non Current Liabilities Total	1.8B	1.8B	1.8B	1.5B	2.5B	2.6B
Other Stockholder Equity	4.5M	10.5M	13.1M	16.3M	25.0M	23.8M
Total Liab	1.9B	1.9B	2.0B	2.0B	2.8B	2.9B
Total Current Assets	80.3M	82.7M	144.4M	218.6M	490.9M	515.5M
Short Long Term Debt Total	1.1B	1.2B	1.1B	864.5M	1.4B	1.5B
Property Plant And Equipment Net	3.5B	3.5B	3.6B	3.8B	4.9B	5.1B
Non Current Assets Total	3.5B	3.5B	3.6B	3.8B	5.0B	5.3B
Net Receivables	61.3M	56.4M	118.9M	188.0M	161.7M	169.8M
Other Current Assets	12.7M	16.9M	19.7M	18.6M	292.0M	306.6M
Property Plant And Equipment Gross	3.5B	3.5B	6.5B	7.0B	8.4B	8.8B
Accumulated Other Comprehensive Income	(3.0M)	4.6M	(54.8M)	(83.9M)	284.5M	298.8M
Other Current Liab	5.5M	5.0M	61.1M	155.0M	4.6M	4.4M
Short Term Debt	981K	1.1M	1.1M	101.3M	59.2M	56.2M
Non Currrent Assets Other	(3.5B)	6.5M	(3.6B)	15.0M	13.5M	14.2M
Common Stock	1.6B	1.6B	1.7B	1.7B	1.9B	1.7B
Other Liab	642.1M	652.0M	707.4M	715.7M	823.1M	648.6M
Net Tangible Assets	1.7B	1.7B	1.8B	2.1B	2.4B	1.8B
Long Term Debt	1.1B	1.2B	1.1B	759.2M	1.3B	1.2B
Short Long Term Debt	1.3B	119.3M	5.5M	100M	57.9M	55.0M
Property Plant Equipment	3.5B	3.5B	3.6B	3.8B	4.3B	3.7B
Other Assets	13.0M	0.0	6.5M	15.0M	13.5M	7.1M
Long Term Debt Total	1.1B	1.2B	1.1B	763.3M	686.9M	862.1M
Net Invested Capital	2.8B	2.8B	2.8B	2.9B	4.1B	3.4B
Net Working Capital	(33.2M)	(12.4M)	(95.3M)	(253.3M)	211.0M	221.6M
Capital Stock	1.6B	1.6B	1.7B	1.7B	1.9B	1.9B

Pair Trading with Peyto ExplorationDevel

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 Peyto ExplorationDevel 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 Peyto ExplorationDevel will appreciate offsetting losses from the drop in the long position's value.

Moving together with Peyto Stock

0.82	ENB-PFV	Enbridge Pref 5	Pair Corr
0.74	ENB-PFU	Enbridge Pref L	Pair Corr
0.71	ENS	E Split Corp	Pair Corr
0.79	ENS-PA	E Split Corp	Pair Corr

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

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

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

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Peyto Capital Expenditures vs Free Cash Flow Analysis

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Capital Expenditures

Free Cash Flow

Peyto ExplorationDevel fundamental ratios Correlations

Peyto ExplorationDevel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Peyto ExplorationDevel fundamental ratios Accounts

Pair Trading with Peyto ExplorationDevel

Moving together with Peyto Stock

Other Information on Investing in Peyto Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Short Long Term Debt Total	+ 1.0	Net Debt
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Total Stockholder Equity	+ 0.99	Total Assets

Inventory	- 0.94	Cash And Short Term Investments
Inventory	- 0.58	Short Term Debt
Common Stock Total Equity	- 0.55	Cash And Short Term Investments
Common Stock	- 0.53	Cash And Short Term Investments
Short Term Investments	- 0.51	Cash And Short Term Investments
Short Term Debt	- 0.46	Property Plant And Equipment Gross