Sable Change To Netincome vs Free Cash Flow Analysis

SAE Stock  CAD 0.04  0.01  16.67%   
Sable Resources financial indicator trend analysis is much more than just breaking down Sable Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sable Resources is a good investment. Please check the relationship between Sable Resources Change To Netincome and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Resources. 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.

Change To Netincome vs Free Cash Flow

Change To Netincome vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sable Resources Change To Netincome account and Free Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sable Resources' Change To Netincome and Free Cash Flow is -0.13. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Sable Resources, assuming nothing else is changed. The correlation between historical values of Sable Resources' Change To Netincome 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 Change To Netincome of Sable Resources 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 Change To Netincome i.e., Sable Resources' Change To Netincome and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.13
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Netincome

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 Sable Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sable Resources 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Resources. 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, Sable Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 13.1 M in 2024, whereas Discontinued Operations is likely to drop (17.6 K) in 2024.

Sable Resources fundamental ratios Correlations

0.170.870.76-0.98-0.580.10.980.74-0.020.980.090.90.49-0.330.380.99-0.45-0.460.860.9-0.9-0.540.90.80.62
0.17-0.3-0.11-0.2-0.76-0.150.25-0.12-0.160.22-0.330.51-0.190.10.910.220.030.040.080.37-0.39-0.070.320.480.35
0.87-0.30.75-0.83-0.160.170.820.730.070.840.310.610.4-0.38-0.110.84-0.46-0.480.810.71-0.67-0.50.690.520.38
0.76-0.110.75-0.65-0.430.520.641.00.370.630.040.640.54-0.320.130.64-0.36-0.390.60.66-0.74-0.460.760.790.62
-0.98-0.2-0.83-0.650.610.02-0.99-0.640.09-0.98-0.11-0.91-0.470.4-0.41-0.980.570.58-0.8-0.90.880.61-0.91-0.76-0.63
-0.58-0.76-0.16-0.430.61-0.09-0.61-0.42-0.03-0.570.27-0.85-0.290.21-0.88-0.570.370.37-0.35-0.720.770.56-0.79-0.84-0.76
0.1-0.150.170.520.02-0.09-0.010.550.08-0.02-0.230.00.030.08-0.13-0.020.060.04-0.020.03-0.02-0.150.120.31-0.08
0.980.250.820.64-0.99-0.61-0.010.62-0.121.00.050.910.48-0.320.461.0-0.45-0.460.820.88-0.88-0.530.90.760.61
0.74-0.120.731.0-0.64-0.420.550.620.370.620.010.630.54-0.30.120.62-0.34-0.370.580.64-0.72-0.440.740.780.61
-0.02-0.160.070.370.09-0.030.08-0.120.37-0.120.020.01-0.01-0.11-0.16-0.11-0.08-0.1-0.110.02-0.26-0.120.070.210.48
0.980.220.840.63-0.98-0.57-0.021.00.62-0.120.10.90.44-0.310.411.0-0.44-0.450.860.89-0.87-0.520.870.730.57
0.09-0.330.310.04-0.110.27-0.230.050.010.020.1-0.02-0.17-0.46-0.40.11-0.3-0.30.350.2-0.07-0.23-0.03-0.13-0.12
0.90.510.610.64-0.91-0.850.00.910.630.010.9-0.020.42-0.340.690.9-0.51-0.520.730.94-0.96-0.60.940.910.77
0.49-0.190.40.54-0.47-0.290.030.480.54-0.010.44-0.170.42-0.090.250.44-0.14-0.150.330.27-0.39-0.170.520.340.46
-0.330.1-0.38-0.320.40.210.08-0.32-0.3-0.11-0.31-0.46-0.34-0.090.05-0.310.70.71-0.25-0.420.390.56-0.39-0.34-0.36
0.380.91-0.110.13-0.41-0.88-0.130.460.12-0.160.41-0.40.690.250.050.42-0.05-0.040.220.49-0.56-0.150.540.630.54
0.990.220.840.64-0.98-0.57-0.021.00.62-0.111.00.110.90.44-0.310.42-0.44-0.450.860.89-0.87-0.520.880.740.57
-0.450.03-0.46-0.360.570.370.06-0.45-0.34-0.08-0.44-0.3-0.51-0.140.7-0.05-0.440.99-0.28-0.580.520.83-0.55-0.46-0.46
-0.460.04-0.48-0.390.580.370.04-0.46-0.37-0.1-0.45-0.3-0.52-0.150.71-0.04-0.450.99-0.29-0.60.530.83-0.56-0.48-0.47
0.860.080.810.6-0.8-0.35-0.020.820.58-0.110.860.350.730.33-0.250.220.86-0.28-0.290.85-0.73-0.410.670.550.36
0.90.370.710.66-0.9-0.720.030.880.640.020.890.20.940.27-0.420.490.89-0.58-0.60.85-0.93-0.690.880.840.67
-0.9-0.39-0.67-0.740.880.77-0.02-0.88-0.72-0.26-0.87-0.07-0.96-0.390.39-0.56-0.870.520.53-0.73-0.930.61-0.93-0.91-0.84
-0.54-0.07-0.5-0.460.610.56-0.15-0.53-0.44-0.12-0.52-0.23-0.6-0.170.56-0.15-0.520.830.83-0.41-0.690.61-0.65-0.54-0.54
0.90.320.690.76-0.91-0.790.120.90.740.070.87-0.030.940.52-0.390.540.88-0.55-0.560.670.88-0.93-0.650.890.81
0.80.480.520.79-0.76-0.840.310.760.780.210.73-0.130.910.34-0.340.630.74-0.46-0.480.550.84-0.91-0.540.890.78
0.620.350.380.62-0.63-0.76-0.080.610.610.480.57-0.120.770.46-0.360.540.57-0.46-0.470.360.67-0.84-0.540.810.78
Click cells to compare fundamentals

Sable Resources Account Relationship Matchups

Sable Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.3M24.7M28.5M22.8M14.1M14.8M
Total Current Liabilities727.6K1.5M1.2M1.0M14.2M14.9M
Total Stockholder Equity8.6M23.1M25.4M13.6M(177.3K)(168.4K)
Property Plant And Equipment Net5.3M4.0M4.6M5.5M1.9M1.6M
Net Debt(4.6M)(16.9M)(22.6M)(17.1M)(11.9M)(11.3M)
Retained Earnings(31.1M)(21.5M)(31.6M)(43.5M)(59.6M)(56.7M)
Accounts Payable433.1K269.2K553.5K353.4K220.5K331.7K
Cash4.8M17.1M22.8M17.2M12.0M12.6M
Non Current Assets Total5.3M4.0M4.6M5.5M1.9M1.7M
Non Currrent Assets Other(136.3K)143.8K5.3M(1.0)(1.15)(1.09)
Cash And Short Term Investments4.8M20.4M23.8M17.2M12.0M12.6M
Net Receivables66.1K183.4K30.4K22.0K15.5K14.7K
Common Stock Shares Outstanding149.1M244.5M256.1M281.5M286.5M300.8M
Liabilities And Stockholders Equity10.3M24.7M28.5M22.8M14.1M14.8M
Non Current Liabilities Total991.1K117.6K1.9M8.2M26.8K25.5K
Other Stockholder Equity3.4M4.2M4.8M4.9M5.1M5.7M
Total Liab1.7M1.6M3.1M9.2M14.3M15.0M
Total Current Assets5.0M20.7M23.9M17.3M12.2M12.8M
Net Tangible Assets7.1M8.6M23.1M13.6M15.6M16.4M
Common Stock36.6M40.5M53.1M55.1M55.1M36.4M
Property Plant Equipment5.5M5.3M4.0M5.5M6.3M6.6M
Other Current Assets152.4K41.1K77.0K125.8K130.2K88.4K
Net Invested Capital8.6M23.1M25.4M13.6M(177.3K)(168.4K)
Net Working Capital4.3M19.2M22.7M16.3M(2.1M)(2.0M)
Capital Stock36.6M40.5M53.1M55.1M55.1M50.2M

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