Tucows Free Cash Flow Yield vs Ev To Sales Analysis

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Tucows financial indicator trend analysis is much more than just breaking down Tucows Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tucows Inc is a good investment. Please check the relationship between Tucows Free Cash Flow Yield and its Ev To Sales accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Free Cash Flow Yield vs Ev To Sales

Free Cash Flow Yield vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tucows Inc Free Cash Flow Yield account and Ev To Sales. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Tucows' Free Cash Flow Yield and Ev To Sales is -0.66. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Tucows Inc, assuming nothing else is changed. The correlation between historical values of Tucows' Free Cash Flow Yield and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Tucows Inc are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Free Cash Flow Yield i.e., Tucows' Free Cash Flow Yield and Ev To Sales go up and down completely randomly.

Correlation Coefficient

-0.66

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from Tucows' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tucows Inc 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 Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Tucows' Selling General Administrative is very stable compared to the past year. As of the 24th of November 2024, Enterprise Value is likely to grow to about 564.9 M, though Tax Provision is likely to grow to (6.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	78.3M	78.2M	108.9M	114.3M
Total Revenue	304.3M	321.1M	339.3M	356.3M

Gross Profit Total Revenue

Tucows 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 Current Assets	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	Short Term Investments	Current Deferred Revenue	Common Stock Total Equity	Inventory
Total Assets		0.78	0.92	0.23	0.96	0.95	0.16	0.92	0.77	1.0	0.88	0.77	0.96	0.24	0.88	-0.53	0.99	0.95	0.97	0.93	0.97	0.09	-0.36	0.91	-0.14	0.82
Other Current Liab	0.78		0.58	-0.4	0.84	0.93	-0.44	0.61	0.99	0.76	0.66	0.99	0.64	0.19	0.51	-0.14	0.86	0.83	0.82	0.95	0.9	-0.03	-0.19	0.57	-0.1	0.54
Total Current Liabilities	0.92	0.58		0.42	0.78	0.78	0.41	0.87	0.56	0.9	0.96	0.56	0.94	0.38	0.99	-0.74	0.88	0.77	0.94	0.76	0.8	0.37	-0.55	0.99	-0.33	0.75
Total Stockholder Equity	0.23	-0.4	0.42		0.07	-0.05	0.97	0.33	-0.42	0.26	0.22	-0.42	0.35	-0.03	0.49	-0.56	0.1	0.07	0.14	-0.11	-0.01	0.12	-0.16	0.44	0.04	0.3
Property Plant And Equipment Net	0.96	0.84	0.78	0.07		0.97	-0.03	0.89	0.82	0.97	0.75	0.82	0.89	0.16	0.73	-0.35	0.97	1.0	0.9	0.96	0.99	-0.08	-0.24	0.77	-0.03	0.8
Net Debt	0.95	0.93	0.78	-0.05	0.97		-0.13	0.82	0.91	0.95	0.79	0.91	0.85	0.19	0.73	-0.33	0.98	0.97	0.94	1.0	1.0	-0.02	-0.25	0.78	-0.07	0.73
Retained Earnings	0.16	-0.44	0.41	0.97	-0.03	-0.13		0.27	-0.45	0.18	0.23	-0.45	0.32	0.01	0.49	-0.69	0.03	-0.04	0.11	-0.18	-0.09	0.22	-0.24	0.44	-0.05	0.23
Accounts Payable	0.92	0.61	0.87	0.33	0.89	0.82	0.27		0.61	0.93	0.79	0.61	0.95	0.18	0.83	-0.59	0.9	0.9	0.87	0.8	0.86	0.2	-0.34	0.83	-0.1	0.9
Cash	0.77	0.99	0.56	-0.42	0.82	0.91	-0.45	0.61		0.74	0.64	1.0	0.63	0.11	0.49	-0.13	0.84	0.81	0.81	0.93	0.89	0.0	-0.12	0.56	-0.03	0.57
Non Current Assets Total	1.0	0.76	0.9	0.26	0.97	0.95	0.18	0.93	0.74		0.85	0.74	0.96	0.22	0.87	-0.51	0.98	0.96	0.95	0.93	0.96	0.05	-0.34	0.9	-0.11	0.83
Non Currrent Assets Other	0.88	0.66	0.96	0.22	0.75	0.79	0.23	0.79	0.64	0.85		0.64	0.88	0.53	0.94	-0.63	0.87	0.73	0.94	0.77	0.8	0.41	-0.65	0.95	-0.48	0.66
Cash And Short Term Investments	0.77	0.99	0.56	-0.42	0.82	0.91	-0.45	0.61	1.0	0.74	0.64		0.63	0.11	0.49	-0.13	0.84	0.81	0.81	0.93	0.89	0.0	-0.12	0.56	-0.03	0.57
Net Receivables	0.96	0.64	0.94	0.35	0.89	0.85	0.32	0.95	0.63	0.96	0.88	0.63		0.31	0.91	-0.69	0.93	0.89	0.93	0.83	0.89	0.13	-0.48	0.92	-0.23	0.82
Common Stock Shares Outstanding	0.24	0.19	0.38	-0.03	0.16	0.19	0.01	0.18	0.11	0.22	0.53	0.11	0.31		0.37	-0.27	0.25	0.16	0.3	0.18	0.2	0.12	-0.93	0.33	-0.97	-0.08
Other Current Assets	0.88	0.51	0.99	0.49	0.73	0.73	0.49	0.83	0.49	0.87	0.94	0.49	0.91	0.37		-0.76	0.84	0.71	0.9	0.7	0.75	0.37	-0.55	0.99	-0.32	0.7
Other Stockholder Equity	-0.53	-0.14	-0.74	-0.56	-0.35	-0.33	-0.69	-0.59	-0.13	-0.51	-0.63	-0.13	-0.69	-0.27	-0.76		-0.46	-0.33	-0.58	-0.3	-0.36	-0.36	0.56	-0.73	0.35	-0.42
Total Liab	0.99	0.86	0.88	0.1	0.97	0.98	0.03	0.9	0.84	0.98	0.87	0.84	0.93	0.25	0.84	-0.46		0.96	0.98	0.97	0.99	0.08	-0.35	0.87	-0.14	0.8
Property Plant And Equipment Gross	0.95	0.83	0.77	0.07	1.0	0.97	-0.04	0.9	0.81	0.96	0.73	0.81	0.89	0.16	0.71	-0.33	0.96		0.89	0.95	0.98	-0.09	-0.23	0.75	-0.03	0.81
Total Current Assets	0.97	0.82	0.94	0.14	0.9	0.94	0.11	0.87	0.81	0.95	0.94	0.81	0.93	0.3	0.9	-0.58	0.98	0.89		0.93	0.94	0.23	-0.42	0.93	-0.22	0.76
Short Long Term Debt Total	0.93	0.95	0.76	-0.11	0.96	1.0	-0.18	0.8	0.93	0.93	0.77	0.93	0.83	0.18	0.7	-0.3	0.97	0.95	0.93		0.99	-0.02	-0.23	0.75	-0.07	0.72
Non Current Liabilities Total	0.97	0.9	0.8	-0.01	0.99	1.0	-0.09	0.86	0.89	0.96	0.8	0.89	0.89	0.2	0.75	-0.36	0.99	0.98	0.94	0.99		-0.02	-0.27	0.79	-0.08	0.78
Short Term Debt	0.09	-0.03	0.37	0.12	-0.08	-0.02	0.22	0.2	0.0	0.05	0.41	0.0	0.13	0.12	0.37	-0.36	0.08	-0.09	0.23	-0.02	-0.02		-0.24	0.34	-0.23	0.2
Short Term Investments	-0.36	-0.19	-0.55	-0.16	-0.24	-0.25	-0.24	-0.34	-0.12	-0.34	-0.65	-0.12	-0.48	-0.93	-0.55	0.56	-0.35	-0.23	-0.42	-0.23	-0.27	-0.24		-0.5	0.95	-0.09
Current Deferred Revenue	0.91	0.57	0.99	0.44	0.77	0.78	0.44	0.83	0.56	0.9	0.95	0.56	0.92	0.33	0.99	-0.73	0.87	0.75	0.93	0.75	0.79	0.34	-0.5		-0.27	0.72
Common Stock Total Equity	-0.14	-0.1	-0.33	0.04	-0.03	-0.07	-0.05	-0.1	-0.03	-0.11	-0.48	-0.03	-0.23	-0.97	-0.32	0.35	-0.14	-0.03	-0.22	-0.07	-0.08	-0.23	0.95	-0.27		0.14
Inventory	0.82	0.54	0.75	0.3	0.8	0.73	0.23	0.9	0.57	0.83	0.66	0.57	0.82	-0.08	0.7	-0.42	0.8	0.81	0.76	0.72	0.78	0.2	-0.09	0.72	0.14

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Tucows Account Relationship Matchups

Tucows fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	425.9M	451.9M	539.6M	664.7M	798.4M	838.3M
Other Current Liab	11.6M	12.1M	19.4M	27.7M	188.7M	198.1M
Total Current Liabilities	156.9M	163.0M	173.7M	188.2M	201.3M	211.4M
Total Stockholder Equity	94.2M	104.7M	115.1M	96.7M	9.9M	9.4M
Property Plant And Equipment Net	93.5M	128.8M	190.2M	302.0M	367.1M	385.5M
Net Debt	103.9M	124.4M	196.6M	232.5M	470.2M	493.7M
Retained Earnings	76.2M	80.1M	83.5M	55.9M	(40.3M)	(38.3M)
Accounts Payable	6.7M	6.3M	10.0M	17.2M	12.7M	13.3M
Cash	20.4M	8.3M	9.1M	23.5M	92.7M	97.3M
Non Current Assets Total	280.2M	310.7M	392.6M	494.8M	555.7M	583.5M
Non Currrent Assets Other	19.3M	18.0M	19.6M	20.6M	26.7M	28.0M
Cash And Short Term Investments	20.4M	8.3M	9.1M	23.5M	92.7M	97.3M
Net Receivables	16.4M	16.8M	18.8M	26.0M	23.6M	24.8M
Common Stock Shares Outstanding	10.8M	10.7M	10.8M	10.8M	10.9M	12.9M
Liabilities And Stockholders Equity	425.9M	451.9M	539.6M	664.7M	798.4M	838.3M
Other Current Assets	105.5M	114.2M	115.8M	113.1M	119.7M	125.6M
Other Stockholder Equity	880K	1.5M	2.8M	8.1M	14.1M	13.4M
Total Liab	331.7M	347.2M	424.5M	568.1M	788.6M	828.0M
Property Plant And Equipment Gross	93.5M	128.8M	244.3M	380.0M	437.0M	458.9M
Total Current Assets	145.7M	141.2M	147.0M	169.9M	242.8M	254.9M
Accumulated Other Comprehensive Income	473K	2.3M	343K	784K	1.7M	1.8M
Short Long Term Debt Total	124.3M	132.7M	205.8M	256.0M	562.9M	591.0M
Non Current Liabilities Total	174.8M	184.2M	250.8M	379.9M	587.2M	616.6M
Short Term Debt	1.4M	1.8M	3.2M	4.6M	5.3M	4.2M
Current Deferred Revenue	137.2M	142.7M	141.1M	138.7M	159.5M	167.5M
Common Stock Total Equity	15.4M	15.8M	16.6M	20.8M	18.7M	13.2M
Inventory	3.5M	1.9M	3.3M	7.3M	6.8M	3.5M
Intangible Assets	57.7M	47.4M	50.4M	39.8M	29.5M	27.8M
Common Stock	16.6M	20.8M	28.5M	31.9M	34.4M	21.1M
Good Will	90.1M	109.8M	116.3M	130.4M	150.0M	157.5M
Other Liab	51.9M	53.3M	48.2M	38.1M	43.8M	41.4M
Net Tangible Assets	(73.3M)	(59.1M)	(65.7M)	(73.5M)	(66.2M)	(69.5M)
Other Assets	19.3M	18.2M	19.6M	20.6M	23.7M	21.0M
Property Plant Equipment	93.5M	128.8M	190.2M	302.0M	347.3M	364.6M
Long Term Debt	113.5M	121.7M	190.7M	238.9M	274.8M	288.5M
Deferred Long Term Liab	19.3M	18.0M	19.3M	18.3M	16.5M	15.3M
Capital Surpluse	2.2M	4.0M	880K	1.5M	1.3M	1.8M
Net Invested Capital	207.7M	226.4M	305.8M	335.6M	385.9M	248.8M

Pair Trading with Tucows

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

Moving together with Tucows Stock

0.83

TGO

TeraGo Inc

Pair Corr

Moving against Tucows Stock

0.82	IMP	Intermap Technologies	Pair Corr
0.77	TD-PFI	Toronto Dominion Bank	Pair Corr
0.76	NVDA	NVIDIA CDR	Pair Corr
0.67	ETG	Entree Resources	Pair Corr
0.61	CDR	Condor Energies	Pair Corr

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

The correlation of Tucows 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 Tucows moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tucows Inc 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 Tucows 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 Tucows Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tucows' 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 Tucows Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tucows Inc Stock:

How To Invest In Tucows

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Is Tucows Stock a good investment?

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What is Tucows' Net Worth?

Details

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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

Free Cash Flow Yield vs Ev To Sales

Free Cash Flow Yield vs Ev To Sales Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Ev To Sales

Tucows fundamental ratios Correlations

Tucows Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tucows fundamental ratios Accounts

Pair Trading with Tucows

Moving together with Tucows Stock

Moving against Tucows Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Short Long Term Debt Total	+ 1.0	Net Debt
Non Current Liabilities Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets

Common Stock Total Equity	- 0.97	Common Stock Shares Outstanding
Short Term Investments	- 0.93	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.76	Other Current Assets
Other Stockholder Equity	- 0.74	Total Current Liabilities
Current Deferred Revenue	- 0.73	Other Stockholder Equity
Other Stockholder Equity	- 0.69	Net Receivables