Pembina Capex To Depreciation vs Free Cash Flow Yield Analysis

PPL Stock

CAD 60.01 0.30 0.50%

Pembina Pipeline financial indicator trend analysis is much more than just breaking down Pembina Pipeline Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pembina Pipeline Corp is a good investment. Please check the relationship between Pembina Pipeline Capex To Depreciation 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 Pembina Pipeline 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.

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pembina Pipeline Corp Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have pay attention.

The correlation between Pembina Pipeline's Capex To Depreciation and Free Cash Flow Yield is -0.95. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Pembina Pipeline Corp, assuming nothing else is changed. The correlation between historical values of Pembina Pipeline's Capex To Depreciation 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 Capex To Depreciation of Pembina Pipeline Corp 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 Capex To Depreciation i.e., Pembina Pipeline's Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.95

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

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.

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 Pembina Pipeline's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pembina Pipeline 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 Pembina Pipeline 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.

At this time, Pembina Pipeline's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 12.32, while Tax Provision is likely to drop about 246.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.6B	3.1B	2.8B	3.0B
Total Revenue	8.6B	11.6B	9.1B	9.6B

Gross Profit Total Revenue

Pembina Pipeline 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 Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Current Deferred Revenue	Other Current Assets	Intangible Assets	Good Will	Common Stock Total Equity
Total Assets		0.72	0.86	0.99	0.98	0.98	-0.82	0.74	0.51	1.0	0.8	0.51	0.94	0.85	0.15	0.99	0.98	0.78	0.98	0.99	0.74	-0.19	0.48	0.82	0.91	0.92
Other Current Liab	0.72		0.94	0.68	0.61	0.73	-0.44	0.25	0.17	0.69	0.84	0.17	0.73	0.39	0.49	0.74	0.72	0.96	0.73	0.69	0.69	-0.46	0.94	0.46	0.46	0.53
Total Current Liabilities	0.86	0.94		0.83	0.79	0.88	-0.7	0.48	0.28	0.84	0.91	0.28	0.88	0.61	0.31	0.89	0.88	0.95	0.88	0.85	0.85	-0.34	0.8	0.62	0.66	0.71
Total Stockholder Equity	0.99	0.68	0.83		0.97	0.95	-0.79	0.76	0.57	0.99	0.74	0.57	0.93	0.86	0.15	0.97	0.96	0.76	0.96	0.98	0.67	-0.12	0.45	0.8	0.91	0.92
Property Plant And Equipment Net	0.98	0.61	0.79	0.97		0.96	-0.88	0.8	0.45	0.98	0.74	0.45	0.91	0.89	0.02	0.97	0.98	0.68	0.96	0.98	0.69	-0.12	0.36	0.85	0.92	0.92
Net Debt	0.98	0.73	0.88	0.95	0.96		-0.86	0.7	0.41	0.98	0.87	0.41	0.92	0.82	0.16	1.0	0.98	0.76	1.0	0.99	0.81	-0.29	0.47	0.85	0.89	0.89
Retained Earnings	-0.82	-0.44	-0.7	-0.79	-0.88	-0.86		-0.7	-0.27	-0.83	-0.68	-0.27	-0.81	-0.85	0.18	-0.84	-0.88	-0.53	-0.85	-0.85	-0.79	0.03	-0.19	-0.78	-0.83	-0.83
Accounts Payable	0.74	0.25	0.48	0.76	0.8	0.7	-0.7		0.43	0.76	0.46	0.43	0.76	0.92	-0.28	0.72	0.76	0.39	0.7	0.74	0.4	0.12	0.03	0.8	0.87	0.86
Cash	0.51	0.17	0.28	0.57	0.45	0.41	-0.27	0.43		0.52	0.08	1.0	0.35	0.48	-0.03	0.45	0.39	0.32	0.42	0.48	0.17	0.34	0.11	0.27	0.55	0.57
Non Current Assets Total	1.0	0.69	0.84	0.99	0.98	0.98	-0.83	0.76	0.52		0.79	0.52	0.93	0.86	0.14	0.99	0.98	0.75	0.98	1.0	0.73	-0.19	0.44	0.83	0.92	0.93
Non Currrent Assets Other	0.8	0.84	0.91	0.74	0.74	0.87	-0.68	0.46	0.08	0.79		0.08	0.83	0.56	0.35	0.85	0.85	0.81	0.87	0.82	0.84	-0.48	0.65	0.74	0.64	0.67
Cash And Short Term Investments	0.51	0.17	0.28	0.57	0.45	0.41	-0.27	0.43	1.0	0.52	0.08		0.35	0.48	-0.03	0.45	0.39	0.32	0.42	0.48	0.17	0.34	0.11	0.27	0.55	0.57
Net Receivables	0.94	0.73	0.88	0.93	0.91	0.92	-0.81	0.76	0.35	0.93	0.83	0.35		0.83	0.09	0.93	0.95	0.82	0.92	0.91	0.73	-0.11	0.52	0.8	0.85	0.86
Common Stock Shares Outstanding	0.85	0.39	0.61	0.86	0.89	0.82	-0.85	0.92	0.48	0.86	0.56	0.48	0.83		-0.16	0.83	0.85	0.5	0.82	0.85	0.59	0.01	0.13	0.85	0.96	0.96
Other Stockholder Equity	0.15	0.49	0.31	0.15	0.02	0.16	0.18	-0.28	-0.03	0.14	0.35	-0.03	0.09	-0.16		0.15	0.12	0.34	0.16	0.12	0.21	-0.57	0.47	-0.05	-0.03	0.02
Total Liab	0.99	0.74	0.89	0.97	0.97	1.0	-0.84	0.72	0.45	0.99	0.85	0.45	0.93	0.83	0.15		0.99	0.79	1.0	1.0	0.79	-0.26	0.5	0.83	0.89	0.9
Property Plant And Equipment Gross	0.98	0.72	0.88	0.96	0.98	0.98	-0.88	0.76	0.39	0.98	0.85	0.39	0.95	0.85	0.12	0.99		0.78	0.98	0.98	0.78	-0.2	0.48	0.84	0.89	0.9
Total Current Assets	0.78	0.96	0.95	0.76	0.68	0.76	-0.53	0.39	0.32	0.75	0.81	0.32	0.82	0.5	0.34	0.79	0.78		0.76	0.73	0.67	-0.22	0.9	0.51	0.55	0.61
Short Long Term Debt Total	0.98	0.73	0.88	0.96	0.96	1.0	-0.85	0.7	0.42	0.98	0.87	0.42	0.92	0.82	0.16	1.0	0.98	0.76		0.99	0.81	-0.29	0.47	0.85	0.89	0.9
Non Current Liabilities Total	0.99	0.69	0.85	0.98	0.98	0.99	-0.85	0.74	0.48	1.0	0.82	0.48	0.91	0.85	0.12	1.0	0.98	0.73	0.99		0.76	-0.24	0.43	0.84	0.91	0.92
Short Term Debt	0.74	0.69	0.85	0.67	0.69	0.81	-0.79	0.4	0.17	0.73	0.84	0.17	0.73	0.59	0.21	0.79	0.78	0.67	0.81	0.76		-0.45	0.46	0.56	0.63	0.64
Current Deferred Revenue	-0.19	-0.46	-0.34	-0.12	-0.12	-0.29	0.03	0.12	0.34	-0.19	-0.48	0.34	-0.11	0.01	-0.57	-0.26	-0.2	-0.22	-0.29	-0.24	-0.45		-0.32	-0.14	-0.07	-0.07
Other Current Assets	0.48	0.94	0.8	0.45	0.36	0.47	-0.19	0.03	0.11	0.44	0.65	0.11	0.52	0.13	0.47	0.5	0.48	0.9	0.47	0.43	0.46	-0.32		0.21	0.19	0.28
Intangible Assets	0.82	0.46	0.62	0.8	0.85	0.85	-0.78	0.8	0.27	0.83	0.74	0.27	0.8	0.85	-0.05	0.83	0.84	0.51	0.85	0.84	0.56	-0.14	0.21		0.9	0.88
Good Will	0.91	0.46	0.66	0.91	0.92	0.89	-0.83	0.87	0.55	0.92	0.64	0.55	0.85	0.96	-0.03	0.89	0.89	0.55	0.89	0.91	0.63	-0.07	0.19	0.9		0.98
Common Stock Total Equity	0.92	0.53	0.71	0.92	0.92	0.89	-0.83	0.86	0.57	0.93	0.67	0.57	0.86	0.96	0.02	0.9	0.9	0.61	0.9	0.92	0.64	-0.07	0.28	0.88	0.98

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Pembina Pipeline Account Relationship Matchups

Pembina Pipeline fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	33.2B	31.4B	31.5B	31.5B	32.6B	34.2B
Other Current Liab	515M	586M	579M	740M	1.9B	2.0B
Total Current Liabilities	1.5B	1.8B	2.4B	2.0B	3.2B	3.4B
Total Stockholder Equity	16.7B	15.0B	14.3B	15.7B	15.8B	16.6B
Property Plant And Equipment Net	19.6B	19.2B	18.8B	16.0B	16.3B	17.1B
Net Debt	10.8B	11.6B	11.9B	11.2B	11.0B	11.6B
Retained Earnings	(1.9B)	(3.6B)	(3.9B)	(2.6B)	(2.4B)	(2.3B)
Accounts Payable	717M	434M	652M	571M	555M	282.1M
Cash	129M	81M	43M	94M	137M	69.6M
Non Current Assets Total	32.2B	30.4B	30.2B	30.1B	30.0B	31.5B
Non Currrent Assets Other	186M	188M	320M	315M	327M	343.4M
Cash And Short Term Investments	129M	81M	43M	94M	137M	69.6M
Net Receivables	667M	638M	780M	862M	798M	837.9M
Common Stock Shares Outstanding	509M	514M	550M	551M	554M	291.3M
Liabilities And Stockholders Equity	33.2B	31.4B	31.5B	31.5B	32.6B	34.2B
Other Stockholder Equity	98M	2M	28M	341M	306.9M	422.1M
Total Liab	16.4B	16.4B	17.1B	15.7B	16.8B	17.6B
Property Plant And Equipment Gross	19.6B	19.2B	22.7B	19.8B	20.3B	21.3B
Total Current Assets	987M	989M	1.2B	1.4B	2.6B	2.8B
Accumulated Other Comprehensive Income	98M	2M	28M	341M	221M	232.1M
Short Long Term Debt Total	11.0B	11.7B	12.0B	11.3B	11.1B	11.7B
Non Current Liabilities Total	14.9B	14.6B	14.7B	13.6B	13.6B	14.3B
Short Term Debt	186M	699M	1.1B	679M	727M	763.4M
Current Deferred Revenue	39M	62M	71M	56M	33M	31.4M
Other Current Assets	65M	49M	46M	137M	1.3B	1.3B
Intangible Assets	1.7B	1.6B	1.5B	1.6B	1.5B	794.3M
Good Will	4.7B	4.7B	4.7B	4.6B	4.6B	2.5B
Common Stock Total Equity	13.4B	13.7B	15.5B	15.6B	18.0B	9.0B
Inventory	126M	221M	376M	269M	333M	180.3M
Common Stock	15.5B	15.6B	15.7B	15.8B	15.8B	10.7B
Other Liab	3.7B	3.7B	3.8B	3.0B	3.5B	3.0B
Net Tangible Assets	7.4B	5.7B	5.5B	7.4B	8.5B	5.8B
Other Assets	295M	510M	577M	357M	410.6M	226.5M
Long Term Debt	10.1B	10.3B	10.2B	10B	9.8B	7.7B
Long Term Investments	6.0B	4.4B	4.6B	7.4B	7.0B	4.3B
Short Long Term Debt	480M	74M	600M	1B	650M	433.7M
Property Plant Equipment	19.1B	19.2B	18.8B	16.0B	18.4B	14.9B
Long Term Debt Total	10.8B	11.0B	10.9B	10.6B	12.2B	8.9B

Pair Trading with Pembina Pipeline

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 Pembina Pipeline 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 Pembina Pipeline will appreciate offsetting losses from the drop in the long position's value.

Moving together with Pembina Stock

0.94	ENB-PFV	Enbridge Pref 5	Pair Corr
0.82	ENB-PFU	Enbridge Pref L	Pair Corr
0.9	ENS	E Split Corp	Pair Corr
0.75	ENS-PA	E Split Corp	Pair Corr

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

The correlation of Pembina Pipeline 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 Pembina Pipeline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pembina Pipeline 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 Pembina Pipeline 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 Pembina Pipeline Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Pembina Pipeline's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pembina Pipeline Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Pembina Pipeline Corp Stock:

How To Invest In Pembina

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Is Pembina Stock a good investment?

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What is Pembina Pipeline's Net Worth?

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

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Please note, there is a significant difference between Pembina Pipeline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pembina Pipeline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pembina Pipeline'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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Pembina Capex To Depreciation vs Free Cash Flow Yield Analysis

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Free Cash Flow Yield

Pembina Pipeline fundamental ratios Correlations

Pembina Pipeline Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pembina Pipeline fundamental ratios Accounts

Pair Trading with Pembina Pipeline

Moving together with Pembina Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Net Debt
Short Long Term Debt Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Non Current Assets Total
Short Long Term Debt Total	+ 1.0	Total Liab

Property Plant And Equipment Gross	- 0.88	Retained Earnings
Retained Earnings	- 0.88	Property Plant And Equipment Net
Retained Earnings	- 0.86	Net Debt
Non Current Liabilities Total	- 0.85	Retained Earnings
Short Long Term Debt Total	- 0.85	Retained Earnings
Common Stock Shares Outstanding	- 0.85	Retained Earnings