Solar Book Value Per Share vs Free Cash Flow Yield Analysis

SOLR Stock

CAD 0.03 0.01 25.00%

Solar Alliance financial indicator trend analysis is much more than just breaking down Solar Alliance Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solar Alliance Energy is a good investment. Please check the relationship between Solar Alliance Book Value Per Share and its Free Cash Flow Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solar Alliance 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 metropolitan statistical area.

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 Solar Alliance Energy Book Value Per Share account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak relationship.

The correlation between Solar Alliance's Book Value Per Share and Free Cash Flow Yield is 0.37. 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 Solar Alliance Energy, assuming nothing else is changed. The correlation between historical values of Solar Alliance'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 Solar Alliance Energy 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., Solar Alliance's Book Value Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

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 Solar Alliance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solar Alliance 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solar Alliance 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 metropolitan statistical area.

Enterprise Value is likely to climb to about 18.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.9 M in 2024.

	2023	2024 (projected)
Research Development	4.6M	4.8M
Interest Expense	7.0K	6.6K

Research Development Interest Expense

Solar Alliance fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Inventory	Other Current Assets	Short Term Debt	Intangible Assets	Other Current Liab	Non Current Liabilities Total	Other Liab	Net Tangible Assets	Current Deferred Revenue
Total Assets		0.79	-0.25	0.69	0.02	0.52	0.4	0.4	-0.44	-0.44	0.66	0.77	0.34	0.74	0.27	0.88	0.76	-0.51	0.51	0.76	-0.25	0.68	0.52	0.62	-0.11	-0.27
Total Current Liabilities	0.79		-0.78	0.94	-0.21	0.68	0.21	0.2	-0.52	-0.42	0.59	0.99	0.18	0.95	0.05	0.66	0.65	-0.25	0.29	0.96	-0.34	0.55	0.7	0.49	-0.2	-0.18
Total Stockholder Equity	-0.25	-0.78		-0.81	0.3	-0.51	0.0	0.0	0.38	0.27	-0.27	-0.8	0.04	-0.78	0.19	-0.18	-0.27	-0.09	0.11	-0.75	0.23	-0.23	-0.72	-0.19	0.2	0.04
Net Debt	0.69	0.94	-0.81		-0.1	0.49	0.03	0.03	-0.61	-0.41	0.45	0.95	-0.06	0.99	0.08	0.68	0.75	-0.3	0.37	0.98	-0.15	0.49	0.77	0.51	-0.2	-0.18
Retained Earnings	0.02	-0.21	0.3	-0.1		-0.42	-0.15	-0.15	-0.5	-0.66	-0.05	-0.21	-0.33	-0.12	-0.11	0.41	0.38	-0.24	0.57	-0.11	0.88	0.51	-0.08	0.51	-0.13	-0.3
Accounts Payable	0.52	0.68	-0.51	0.49	-0.42		0.12	0.12	-0.04	-0.26	0.6	0.65	0.17	0.48	-0.11	0.26	0.2	0.05	-0.08	0.5	-0.68	0.27	0.31	0.26	-0.17	0.01
Cash	0.4	0.21	0.0	0.03	-0.15	0.12		1.0	0.06	0.0	0.33	0.25	0.93	0.19	-0.11	0.14	-0.07	-0.35	-0.13	0.17	-0.2	0.33	0.37	0.26	0.06	-0.27
Cash And Short Term Investments	0.4	0.2	0.0	0.03	-0.15	0.12	1.0		0.06	0.0	0.32	0.25	0.93	0.19	-0.11	0.14	-0.07	-0.35	-0.13	0.16	-0.2	0.33	0.37	0.25	0.06	-0.26
Net Receivables	-0.44	-0.52	0.38	-0.61	-0.5	-0.04	0.06	0.06		0.65	-0.31	-0.52	0.27	-0.59	-0.12	-0.68	-0.67	0.51	-0.61	-0.59	-0.42	-0.72	-0.45	-0.73	0.37	0.57
Common Stock Shares Outstanding	-0.44	-0.42	0.27	-0.41	-0.66	-0.26	0.0	0.0	0.65		-0.53	-0.41	0.17	-0.4	0.18	-0.61	-0.54	0.19	-0.4	-0.41	-0.32	-0.78	-0.3	-0.63	0.25	0.44
Other Stockholder Equity	0.66	0.59	-0.27	0.45	-0.05	0.6	0.33	0.32	-0.31	-0.53		0.57	0.26	0.48	-0.04	0.48	0.34	-0.41	0.15	0.5	-0.4	0.66	0.35	0.46	0.29	-0.23
Total Liab	0.77	0.99	-0.8	0.95	-0.21	0.65	0.25	0.25	-0.52	-0.41	0.57		0.19	0.96	0.03	0.65	0.64	-0.25	0.25	0.96	-0.31	0.55	0.78	0.49	-0.19	-0.19
Total Current Assets	0.34	0.18	0.04	-0.06	-0.33	0.17	0.93	0.93	0.27	0.17	0.26	0.19		0.08	0.0	0.0	-0.2	-0.17	-0.18	0.09	-0.36	0.15	0.15	0.04	0.14	-0.03
Short Long Term Debt Total	0.74	0.95	-0.78	0.99	-0.12	0.48	0.19	0.19	-0.59	-0.4	0.48	0.96	0.08		0.06	0.69	0.74	-0.36	0.35	0.99	-0.17	0.52	0.81	0.54	-0.2	-0.24
Property Plant And Equipment Net	0.27	0.05	0.19	0.08	-0.11	-0.11	-0.11	-0.11	-0.12	0.18	-0.04	0.03	0.0	0.06		0.24	0.2	-0.15	0.35	0.1	-0.1	-0.08	-0.07	0.05	-0.06	0.24
Non Current Assets Total	0.88	0.66	-0.18	0.68	0.41	0.26	0.14	0.14	-0.68	-0.61	0.48	0.65	0.0	0.69	0.24		0.94	-0.56	0.77	0.71	0.19	0.76	0.49	0.76	-0.18	-0.32
Non Currrent Assets Other	0.76	0.65	-0.27	0.75	0.38	0.2	-0.07	-0.07	-0.67	-0.54	0.34	0.64	-0.2	0.74	0.2	0.94		-0.51	0.8	0.76	0.25	0.59	0.47	0.7	-0.19	-0.29
Inventory	-0.51	-0.25	-0.09	-0.3	-0.24	0.05	-0.35	-0.35	0.51	0.19	-0.41	-0.25	-0.17	-0.36	-0.15	-0.56	-0.51		-0.58	-0.38	-0.15	-0.52	-0.23	-0.7	-0.04	0.52
Other Current Assets	0.51	0.29	0.11	0.37	0.57	-0.08	-0.13	-0.13	-0.61	-0.4	0.15	0.25	-0.18	0.35	0.35	0.77	0.8	-0.58		0.41	0.5	0.51	0.04	0.69	-0.09	-0.12
Short Term Debt	0.76	0.96	-0.75	0.98	-0.11	0.5	0.17	0.16	-0.59	-0.41	0.5	0.96	0.09	0.99	0.1	0.71	0.76	-0.38	0.41		-0.18	0.53	0.73	0.55	-0.21	-0.25
Intangible Assets	-0.25	-0.34	0.23	-0.15	0.88	-0.68	-0.2	-0.2	-0.42	-0.32	-0.4	-0.31	-0.36	-0.17	-0.1	0.19	0.25	-0.15	0.5	-0.18		0.23	-0.05	0.32	-0.09	-0.14
Other Current Liab	0.68	0.55	-0.23	0.49	0.51	0.27	0.33	0.33	-0.72	-0.78	0.66	0.55	0.15	0.52	-0.08	0.76	0.59	-0.52	0.51	0.53	0.23		0.45	0.83	-0.13	-0.43
Non Current Liabilities Total	0.52	0.7	-0.72	0.77	-0.08	0.31	0.37	0.37	-0.45	-0.3	0.35	0.78	0.15	0.81	-0.07	0.49	0.47	-0.23	0.04	0.73	-0.05	0.45		0.44	-0.13	-0.18
Other Liab	0.62	0.49	-0.19	0.51	0.51	0.26	0.26	0.25	-0.73	-0.63	0.46	0.49	0.04	0.54	0.05	0.76	0.7	-0.7	0.69	0.55	0.32	0.83	0.44		-0.27	-0.43
Net Tangible Assets	-0.11	-0.2	0.2	-0.2	-0.13	-0.17	0.06	0.06	0.37	0.25	0.29	-0.19	0.14	-0.2	-0.06	-0.18	-0.19	-0.04	-0.09	-0.21	-0.09	-0.13	-0.13	-0.27		0.45
Current Deferred Revenue	-0.27	-0.18	0.04	-0.18	-0.3	0.01	-0.27	-0.26	0.57	0.44	-0.23	-0.19	-0.03	-0.24	0.24	-0.32	-0.29	0.52	-0.12	-0.25	-0.14	-0.43	-0.18	-0.43	0.45

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Solar Alliance Account Relationship Matchups

Solar Alliance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3M	581.3K	3.1M	3.7M	1.8M	1.7M
Total Current Liabilities	6.5M	6.0M	2.0M	4.8M	4.0M	6.1M
Total Stockholder Equity	(5.3M)	(5.8M)	904.3K	(1.4M)	(2.3M)	(2.4M)
Net Debt	761.8K	909.9K	(2.2M)	906.9K	816.2K	775.4K
Retained Earnings	(62.4M)	(63.9M)	(64.3M)	(67.1M)	(68.9M)	(72.3M)
Accounts Payable	5.1M	4.9M	1.9M	2.7M	3.6M	4.0M
Cash	45.6K	1.9K	2.2M	650.1K	703.0K	835.6K
Cash And Short Term Investments	45.6K	1.9K	2.2M	650.1K	747.6K	839.1K
Net Receivables	781.6K	383.2K	596.0K	372.9K	730.2K	387.3K
Common Stock Shares Outstanding	198.8M	223.8M	269.8M	275.0M	316.2M	332.0M
Liabilities And Stockholders Equity	1.3M	581.3K	3.1M	3.7M	3.3M	4.1M
Other Stockholder Equity	39.5M	128.2K	13.8M	14.4M	16.5M	15.7M
Total Liab	6.6M	6.3M	2.2M	5.1M	4.1M	6.7M
Total Current Assets	1.3M	542.0K	2.8M	1.7M	1.7M	1.7M
Short Long Term Debt Total	3.0M	807.4K	911.8K	1.6M	1.4M	1.3M
Property Plant And Equipment Net	65.5K	14.3K	90.3K	2.0M	80.9K	76.9K
Non Current Assets Total	90.7K	39.3K	223.1K	2.0M	123.6K	117.4K
Non Currrent Assets Other	25.2K	25.0K	59.1K	60.1K	54.1K	51.4K
Inventory	426.8K	152.3K	58.3K	170.3K	102.2K	185.1K
Other Current Assets	3.7K	4.6K	9.0K	492.0K	442.8K	410.3K
Accumulated Other Comprehensive Income	13.8M	14.4M	16.6M	17.0M	19.6M	20.6M
Short Term Debt	3.0M	797.7K	911.8K	1.6M	1.4M	1.3M
Non Current Liabilities Total	111.5K	332.1K	161.8K	348.2K	115.7K	109.9K
Net Tangible Assets	(4.8M)	(7.4M)	(5.3M)	(5.8M)	(5.2M)	(5.4M)
Current Deferred Revenue	531.5K	174.3K	46.4K	399.1K	458.9K	275.4K
Other Assets	30.6K	25.5K	25.2K	25.0K	22.5K	25.4K
Property Plant Equipment	63.1K	59.6K	65.5K	14.3K	12.8K	12.2K
Short Long Term Debt	3.0M	758.9K	901.6K	1.6M	137.5K	130.6K
Net Invested Capital	(4.5M)	(4.8M)	904.3K	117.8K	(2.2M)	(2.3M)
Net Working Capital	(5.3M)	(5.5M)	843.0K	(3.1M)	(2.3M)	(2.4M)

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