Taiga Price To Sales Ratio vs Free Cash Flow Yield Analysis

TBL Stock

CAD 3.84 0.01 0.26%

Taiga Building financial indicator trend analysis is much more than just breaking down Taiga Building Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taiga Building Products is a good investment. Please check the relationship between Taiga Building Price To Sales Ratio 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 Taiga Building Products. 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.

Price To Sales Ratio vs Free Cash Flow Yield

Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taiga Building Products Price To Sales Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Taiga Building's Price To Sales Ratio and Free Cash Flow Yield is 0.17. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Taiga Building Products, assuming nothing else is changed. The correlation between historical values of Taiga Building's Price To Sales Ratio 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 Price To Sales Ratio of Taiga Building Products 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 Price To Sales Ratio i.e., Taiga Building's Price To Sales Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Taiga Building Products stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Taiga Building sales, a figure that is much harder to manipulate than other Taiga Building Products multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

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 Taiga Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taiga Building Products 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 Taiga Building Products. 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, Tax Provision is likely to grow to about 17.6 M, while Selling General Administrative is likely to drop about 77.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	300.2M	291.2M	198.4M	136.1M
Total Revenue	2.2B	2.2B	1.7B	1.4B

Gross Profit Total Revenue

Taiga Building fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Cash And Short Term Investments	Non Currrent Assets Other	Other Stockholder Equity	Cash	Current Deferred Revenue
Total Assets		-0.49	0.77	-0.22	0.75	0.89	-0.59	0.75	0.47	0.82	0.41	0.59	0.71	0.01	0.89	0.18	-0.11	0.85	0.96	-0.73	0.6	0.52	-0.63	0.19	0.55	0.37
Short Long Term Debt Total	-0.49		-0.44	0.8	-0.79	-0.54	0.85	-0.67	0.29	-0.59	0.24	-0.84	-0.65	0.79	-0.32	-0.23	0.88	-0.59	-0.38	0.81	-0.85	-0.42	0.43	-0.56	-0.4	-0.24
Other Current Liab	0.77	-0.44		-0.02	0.71	0.58	-0.73	0.73	0.34	0.67	0.36	0.53	0.56	-0.14	0.74	-0.23	-0.05	0.79	0.8	-0.62	0.45	0.74	-0.43	0.16	0.81	0.51
Total Current Liabilities	-0.22	0.8	-0.02		-0.62	-0.39	0.57	-0.48	0.43	-0.49	0.45	-0.75	-0.6	0.56	-0.02	-0.42	0.81	-0.42	-0.07	0.71	-0.7	-0.19	0.25	-0.5	-0.1	0.1
Total Stockholder Equity	0.75	-0.79	0.71	-0.62		0.71	-0.9	0.96	0.12	0.89	0.1	0.86	0.82	-0.38	0.61	0.17	-0.46	0.94	0.69	-0.92	0.7	0.74	-0.45	0.45	0.69	0.18
Property Plant And Equipment Net	0.89	-0.54	0.58	-0.39	0.71		-0.45	0.63	0.29	0.89	0.11	0.68	0.81	-0.02	0.81	0.58	-0.21	0.81	0.74	-0.77	0.73	0.23	-0.85	0.08	0.23	0.47
Net Debt	-0.59	0.85	-0.73	0.57	-0.9	-0.45		-0.87	0.03	-0.64	-0.06	-0.76	-0.6	0.63	-0.41	0.15	0.61	-0.76	-0.58	0.8	-0.63	-0.82	0.24	-0.56	-0.81	-0.14
Retained Earnings	0.75	-0.67	0.73	-0.48	0.96	0.63	-0.87		0.21	0.83	0.27	0.69	0.68	-0.3	0.57	0.05	-0.33	0.92	0.73	-0.83	0.5	0.82	-0.35	0.5	0.77	0.1
Accounts Payable	0.47	0.29	0.34	0.43	0.12	0.29	0.03	0.21		0.26	0.84	-0.09	0.08	0.66	0.5	-0.1	0.65	0.35	0.58	-0.17	-0.16	0.26	-0.15	-0.45	0.29	0.11
Non Current Assets Total	0.82	-0.59	0.67	-0.49	0.89	0.89	-0.64	0.83	0.26		0.1	0.81	0.92	-0.06	0.75	0.46	-0.21	0.95	0.69	-0.88	0.7	0.48	-0.68	0.16	0.44	0.35
Net Receivables	0.41	0.24	0.36	0.45	0.1	0.11	-0.06	0.27	0.84	0.1		-0.23	-0.12	0.48	0.41	-0.3	0.54	0.24	0.58	-0.1	-0.31	0.35	-0.01	-0.16	0.39	0.09
Common Stock Total Equity	0.59	-0.84	0.53	-0.75	0.86	0.68	-0.76	0.69	-0.09	0.81	-0.23		0.9	-0.45	0.51	0.36	-0.59	0.77	0.44	-0.89	0.93	0.43	-0.49	0.24	0.39	0.28
Common Stock Shares Outstanding	0.71	-0.65	0.56	-0.6	0.82	0.81	-0.6	0.68	0.08	0.92	-0.12	0.9		-0.16	0.68	0.46	-0.34	0.81	0.54	-0.85	0.84	0.35	-0.62	0.15	0.31	0.38
Non Current Liabilities Total	0.01	0.79	-0.14	0.56	-0.38	-0.02	0.63	-0.3	0.66	-0.06	0.48	-0.45	-0.16		0.14	0.05	0.92	-0.1	0.06	0.29	-0.49	-0.24	0.04	-0.65	-0.24	-0.04
Inventory	0.89	-0.32	0.74	-0.02	0.61	0.81	-0.41	0.57	0.5	0.75	0.41	0.51	0.68	0.14		0.22	0.08	0.74	0.86	-0.6	0.54	0.33	-0.73	0.02	0.4	0.48
Other Current Assets	0.18	-0.23	-0.23	-0.42	0.17	0.58	0.15	0.05	-0.1	0.46	-0.3	0.36	0.46	0.05	0.22		-0.19	0.22	-0.06	-0.33	0.43	-0.5	-0.67	-0.15	-0.57	0.27
Total Liab	-0.11	0.88	-0.05	0.81	-0.46	-0.21	0.61	-0.33	0.65	-0.21	0.54	-0.59	-0.34	0.92	0.08	-0.19		-0.18	0.0	0.47	-0.66	-0.15	0.18	-0.65	-0.12	-0.01
Property Plant And Equipment Gross	0.85	-0.59	0.79	-0.42	0.94	0.81	-0.76	0.92	0.35	0.95	0.24	0.77	0.81	-0.1	0.74	0.22	-0.18		0.78	-0.88	0.61	0.7	-0.55	0.22	0.67	0.26
Total Current Assets	0.96	-0.38	0.8	-0.07	0.69	0.74	-0.58	0.73	0.58	0.69	0.58	0.44	0.54	0.06	0.86	-0.06	0.0	0.78		-0.63	0.43	0.64	-0.46	0.21	0.68	0.28
Short Term Debt	-0.73	0.81	-0.62	0.71	-0.92	-0.77	0.8	-0.83	-0.17	-0.88	-0.1	-0.89	-0.85	0.29	-0.6	-0.33	0.47	-0.88	-0.63		-0.8	-0.54	0.57	-0.27	-0.51	-0.31
Common Stock	0.6	-0.85	0.45	-0.7	0.7	0.73	-0.63	0.5	-0.16	0.7	-0.31	0.93	0.84	-0.49	0.54	0.43	-0.66	0.61	0.43	-0.8		0.21	-0.61	0.21	0.21	0.38
Cash And Short Term Investments	0.52	-0.42	0.74	-0.19	0.74	0.23	-0.82	0.82	0.26	0.48	0.35	0.43	0.35	-0.24	0.33	-0.5	-0.15	0.7	0.64	-0.54	0.21		0.11	0.41	0.98	-0.1
Non Currrent Assets Other	-0.63	0.43	-0.43	0.25	-0.45	-0.85	0.24	-0.35	-0.15	-0.68	-0.01	-0.49	-0.62	0.04	-0.73	-0.67	0.18	-0.55	-0.46	0.57	-0.61	0.11		0.01	0.05	-0.6
Other Stockholder Equity	0.19	-0.56	0.16	-0.5	0.45	0.08	-0.56	0.5	-0.45	0.16	-0.16	0.24	0.15	-0.65	0.02	-0.15	-0.65	0.22	0.21	-0.27	0.21	0.41	0.01		0.39	-0.24
Cash	0.55	-0.4	0.81	-0.1	0.69	0.23	-0.81	0.77	0.29	0.44	0.39	0.39	0.31	-0.24	0.4	-0.57	-0.12	0.67	0.68	-0.51	0.21	0.98	0.05	0.39		-0.03
Current Deferred Revenue	0.37	-0.24	0.51	0.1	0.18	0.47	-0.14	0.1	0.11	0.35	0.09	0.28	0.38	-0.04	0.48	0.27	-0.01	0.26	0.28	-0.31	0.38	-0.1	-0.6	-0.24	-0.03

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Taiga Building Account Relationship Matchups

Taiga Building fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	395.0M	474.2M	583.0M	617.8M	624.3M	374.7M
Short Long Term Debt Total	167.8M	124.9M	131.8M	97.4M	95.4M	156.5M
Other Current Liab	132K	196K	105.8M	67.0M	47.4M	49.8M
Total Current Liabilities	131.4M	141.0M	206.0M	153.4M	131.7M	145.3M
Total Stockholder Equity	139.7M	205.0M	267.1M	363.2M	395.4M	415.2M
Property Plant And Equipment Net	123.4M	119.4M	121.3M	122.1M	119.1M	61.1M
Net Debt	264.3M	220.5M	49.6M	2.9M	2.6M	2.5M
Retained Earnings	6.9M	77.7M	140.4M	229.0M	265.3M	278.6M
Accounts Payable	53.9M	81.4M	81.8M	81.0M	78.7M	75.9M
Non Current Assets Total	149.6M	144.0M	152.4M	153.9M	157.7M	165.5M
Net Receivables	85.3M	136.8M	139.2M	138.1M	133.7M	129.8M
Common Stock Shares Outstanding	114.5M	110.3M	108.5M	108.2M	108.0M	113.5M
Liabilities And Stockholders Equity	395.0M	474.2M	583.0M	617.8M	624.3M	374.7M
Non Current Liabilities Total	124.0M	128.1M	110.0M	101.2M	97.2M	120.3M
Inventory	157.3M	190.0M	217.7M	226.4M	174.8M	156.4M
Other Current Assets	99.3M	98.9M	4.0M	5.0M	5.4M	5.1M
Total Liab	255.3M	269.1M	315.9M	254.6M	228.9M	320.1M
Property Plant And Equipment Gross	123.4M	119.4M	176.8M	187.1M	193.1M	202.8M
Total Current Assets	245.4M	330.1M	430.6M	464.0M	466.6M	303.0M
Short Term Debt	52.8M	13.8M	18.4M	5.4M	5.5M	5.3M
Common Stock	127.3M	124.0M	123.2M	123.1M	122.5M	62.7M
Cash And Short Term Investments	(96.5M)	(95.6M)	69.7M	94.5M	152.8M	160.4M
Accumulated Other Comprehensive Income	5.5M	3.3M	3.5M	11.1M	7.6M	8.0M
Non Currrent Assets Other	(149.4M)	(143.8M)	(144.4M)	(145.7M)	(1.0)	(1.05)
Other Stockholder Equity	5.5M	3.3M	3.5M	11.1M	10.0M	6.6M
Cash	(96.5M)	(95.6M)	69.7M	94.5M	92.8M	97.4M
Other Liab	8.9M	17.0M	9.1M	9.2M	10.5M	9.7M
Net Tangible Assets	113.7M	180.6M	243.9M	339.7M	390.6M	410.1M
Other Assets	190K	267K	8.0M	8.1M	1.0	0.95
Long Term Debt	12.5M	33.6M	23.0M	19.9M	19.3M	0.0
Short Long Term Debt	72.3M	48.3M	9.4M	13.1M	11.8M	11.2M
Property Plant Equipment	123.4M	119.4M	121.3M	122.1M	140.5M	81.8M
Long Term Debt Total	115.1M	111.1M	113.4M	92.0M	82.8M	82.9M
Capital Lease Obligations	96.5M	95.6M	99.4M	97.4M	95.4M	83.7M
Good Will	10.2M	10.0M	9.9M	10.6M	10.3M	8.2M
Net Invested Capital	211.0M	234.3M	287.0M	363.2M	395.4M	314.4M
Capital Stock	127.3M	124.0M	123.2M	123.1M	122.5M	100.2M

Pair Trading with Taiga Building

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 Taiga Building 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 Taiga Building will appreciate offsetting losses from the drop in the long position's value.

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

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

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

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Taiga Price To Sales Ratio vs Free Cash Flow Yield Analysis

Price To Sales Ratio vs Free Cash Flow Yield

Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Free Cash Flow Yield

Taiga Building fundamental ratios Correlations

Taiga Building Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Taiga Building fundamental ratios Accounts

Pair Trading with Taiga Building

Other Information on Investing in Taiga Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash	+ 0.98	Cash And Short Term Investments
Total Current Assets	+ 0.96	Total Assets
Retained Earnings	+ 0.96	Total Stockholder Equity
Property Plant And Equipment Gross	+ 0.95	Non Current Assets Total
Property Plant And Equipment Gross	+ 0.94	Total Stockholder Equity
Common Stock	+ 0.93	Common Stock Total Equity

Short Term Debt	- 0.92	Total Stockholder Equity
Net Debt	- 0.9	Total Stockholder Equity
Short Term Debt	- 0.89	Common Stock Total Equity
Short Term Debt	- 0.88	Property Plant And Equipment Gross
Short Term Debt	- 0.88	Non Current Assets Total
Retained Earnings	- 0.87	Net Debt