Transcontinental Free Cash Flow Yield vs Price To Sales Ratio Analysis

TCL-A Stock

CAD 17.07 0.20 1.19%

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

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

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

The correlation between Transcontinental's Free Cash Flow Yield and Price To Sales Ratio is -0.18. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Transcontinental, assuming nothing else is changed. The correlation between historical values of Transcontinental's Free Cash Flow Yield and Price To Sales Ratio 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 Transcontinental are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Transcontinental's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

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.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Transcontinental stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Transcontinental sales, a figure that is much harder to manipulate than other Transcontinental 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.

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

At this time, Transcontinental's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 4.84 in 2024, whereas Tax Provision is likely to drop slightly above 10.7 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	38.3M	58.4M	67.2M	42.9M
Depreciation And Amortization	231.9M	234.9M	270.1M	146.1M

Interest Expense Depreciation And Amortization

Transcontinental fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Liab	Current Deferred Revenue	Good Will	Common Stock
Total Assets		0.94	0.64	0.83	0.96	0.91	0.82	0.9	0.54	1.0	-0.3	0.54	0.9	0.86	0.96	0.8	0.9	-0.39	0.98	0.84	0.06	0.89	0.54	-0.74	0.78	0.9
Short Long Term Debt Total	0.94		0.58	0.75	0.89	0.98	0.72	0.92	0.48	0.95	-0.43	0.48	0.78	0.71	0.97	0.76	0.8	-0.21	0.97	0.77	0.09	0.97	0.45	-0.81	0.86	0.92
Total Current Liabilities	0.64	0.58		0.48	0.69	0.59	0.43	0.53	0.19	0.65	-0.12	0.19	0.74	0.68	0.5	0.39	0.69	-0.64	0.7	0.51	0.67	0.55	0.64	-0.31	0.24	0.5
Total Stockholder Equity	0.83	0.75	0.48		0.87	0.7	0.99	0.83	0.52	0.83	-0.36	0.52	0.65	0.88	0.77	0.95	0.87	-0.36	0.78	0.99	-0.13	0.75	0.58	-0.8	0.72	0.85
Property Plant And Equipment Net	0.96	0.89	0.69	0.87		0.87	0.84	0.89	0.43	0.96	-0.35	0.43	0.89	0.91	0.9	0.86	0.87	-0.43	0.94	0.88	0.05	0.83	0.67	-0.75	0.77	0.92
Net Debt	0.91	0.98	0.59	0.7	0.87		0.66	0.9	0.29	0.93	-0.41	0.29	0.78	0.66	0.95	0.75	0.76	-0.19	0.95	0.71	0.07	0.96	0.51	-0.77	0.83	0.89
Retained Earnings	0.82	0.72	0.43	0.99	0.84	0.66		0.81	0.57	0.81	-0.32	0.57	0.63	0.87	0.75	0.94	0.87	-0.32	0.75	0.98	-0.15	0.72	0.54	-0.8	0.71	0.81
Accounts Payable	0.9	0.92	0.53	0.83	0.89	0.9	0.81		0.42	0.9	-0.45	0.42	0.74	0.71	0.89	0.87	0.79	-0.16	0.89	0.84	0.0	0.86	0.45	-0.89	0.86	0.89
Cash	0.54	0.48	0.19	0.52	0.43	0.29	0.57	0.42		0.49	-0.28	1.0	0.31	0.49	0.48	0.39	0.53	-0.17	0.45	0.58	0.13	0.44	-0.07	-0.51	0.43	0.5
Non Current Assets Total	1.0	0.95	0.65	0.83	0.96	0.93	0.81	0.9	0.49		-0.3	0.49	0.9	0.86	0.97	0.8	0.9	-0.39	0.99	0.84	0.06	0.92	0.58	-0.74	0.78	0.9
Non Currrent Assets Other	-0.3	-0.43	-0.12	-0.36	-0.35	-0.41	-0.32	-0.45	-0.28	-0.3		-0.28	-0.06	-0.16	-0.31	-0.41	-0.17	-0.11	-0.29	-0.36	-0.09	-0.41	0.05	0.64	-0.6	-0.62
Cash And Short Term Investments	0.54	0.48	0.19	0.52	0.43	0.29	0.57	0.42	1.0	0.49	-0.28		0.31	0.49	0.48	0.39	0.53	-0.17	0.45	0.58	0.13	0.44	-0.07	-0.51	0.43	0.5
Net Receivables	0.9	0.78	0.74	0.65	0.89	0.78	0.63	0.74	0.31	0.9	-0.06	0.31		0.84	0.83	0.6	0.83	-0.59	0.9	0.66	0.19	0.71	0.59	-0.44	0.52	0.7
Common Stock Shares Outstanding	0.86	0.71	0.68	0.88	0.91	0.66	0.87	0.71	0.49	0.86	-0.16	0.49	0.84		0.76	0.78	0.88	-0.6	0.82	0.89	0.03	0.68	0.73	-0.57	0.54	0.76
Non Current Liabilities Total	0.96	0.97	0.5	0.77	0.9	0.95	0.75	0.89	0.48	0.97	-0.31	0.48	0.83	0.76		0.78	0.82	-0.26	0.97	0.79	-0.07	0.95	0.5	-0.76	0.83	0.9
Inventory	0.8	0.76	0.39	0.95	0.86	0.75	0.94	0.87	0.39	0.8	-0.41	0.39	0.6	0.78	0.78		0.78	-0.19	0.76	0.95	-0.23	0.75	0.56	-0.86	0.82	0.88
Other Current Assets	0.9	0.8	0.69	0.87	0.87	0.76	0.87	0.79	0.53	0.9	-0.17	0.53	0.83	0.88	0.82	0.78		-0.55	0.87	0.87	0.17	0.81	0.56	-0.61	0.58	0.77
Other Stockholder Equity	-0.39	-0.21	-0.64	-0.36	-0.43	-0.19	-0.32	-0.16	-0.17	-0.39	-0.11	-0.17	-0.59	-0.6	-0.26	-0.19	-0.55		-0.4	-0.37	-0.36	-0.24	-0.5	-0.13	0.19	-0.22
Total Liab	0.98	0.97	0.7	0.78	0.94	0.95	0.75	0.89	0.45	0.99	-0.29	0.45	0.9	0.82	0.97	0.76	0.87	-0.4		0.79	0.14	0.94	0.59	-0.71	0.75	0.88
Total Current Assets	0.84	0.77	0.51	0.99	0.88	0.71	0.98	0.84	0.58	0.84	-0.36	0.58	0.66	0.89	0.79	0.95	0.87	-0.37	0.79		-0.07	0.76	0.56	-0.81	0.72	0.86
Short Term Debt	0.06	0.09	0.67	-0.13	0.05	0.07	-0.15	0.0	0.13	0.06	-0.09	0.13	0.19	0.03	-0.07	-0.23	0.17	-0.36	0.14	-0.07		0.06	-0.07	0.1	-0.2	-0.01
Intangible Assets	0.89	0.97	0.55	0.75	0.83	0.96	0.72	0.86	0.44	0.92	-0.41	0.44	0.71	0.68	0.95	0.75	0.81	-0.24	0.94	0.76	0.06		0.48	-0.77	0.79	0.88
Other Current Liab	0.54	0.45	0.64	0.58	0.67	0.51	0.54	0.45	-0.07	0.58	0.05	-0.07	0.59	0.73	0.5	0.56	0.56	-0.5	0.59	0.56	-0.07	0.48		-0.3	0.26	0.46
Current Deferred Revenue	-0.74	-0.81	-0.31	-0.8	-0.75	-0.77	-0.8	-0.89	-0.51	-0.74	0.64	-0.51	-0.44	-0.57	-0.76	-0.86	-0.61	-0.13	-0.71	-0.81	0.1	-0.77	-0.3		-0.93	-0.88
Good Will	0.78	0.86	0.24	0.72	0.77	0.83	0.71	0.86	0.43	0.78	-0.6	0.43	0.52	0.54	0.83	0.82	0.58	0.19	0.75	0.72	-0.2	0.79	0.26	-0.93		0.9
Common Stock	0.9	0.92	0.5	0.85	0.92	0.89	0.81	0.89	0.5	0.9	-0.62	0.5	0.7	0.76	0.9	0.88	0.77	-0.22	0.88	0.86	-0.01	0.88	0.46	-0.88	0.9

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Transcontinental Account Relationship Matchups

Transcontinental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6B	3.6B	3.8B	3.7B	4.3B	2.3B
Short Long Term Debt Total	1.2B	1.1B	1.2B	1.1B	1.2B	631.5M
Total Current Liabilities	677.5M	692.3M	547M	526.3M	605.2M	509.4M
Total Stockholder Equity	1.7B	1.8B	1.9B	1.9B	2.2B	2.3B
Property Plant And Equipment Net	847M	830.5M	896.8M	895.1M	1.0B	724.1M
Net Debt	933.9M	894.8M	1.1B	921M	1.1B	545.7M
Retained Earnings	1.1B	1.2B	1.2B	1.2B	1.4B	1.5B
Accounts Payable	224.5M	255.2M	285.7M	273.3M	246.0M	219.2M
Cash	241M	231.1M	45.7M	137M	157.6M	88.8M
Non Current Assets Total	2.6B	2.5B	2.7B	2.6B	3.0B	1.7B
Non Currrent Assets Other	9.6M	8.6M	30.7M	12.8M	11.5M	10.9M
Cash And Short Term Investments	241M	231.1M	45.7M	137M	157.6M	88.8M
Net Receivables	474.6M	513M	587.9M	551.7M	634.5M	345.6M
Common Stock Shares Outstanding	87.1M	87M	86.8M	86.6M	99.6M	88.3M
Liabilities And Stockholders Equity	3.6B	3.6B	3.8B	3.7B	4.3B	2.3B
Non Current Liabilities Total	1.2B	1.2B	1.4B	1.3B	1.5B	732.3M
Inventory	288.8M	357M	479.3M	391.1M	449.8M	472.3M
Other Current Assets	20.3M	24.4M	21.8M	20.6M	23.7M	20.2M
Total Liab	1.9B	1.8B	1.9B	1.8B	2.1B	1.2B
Total Current Assets	1.0B	1.1B	1.1B	1.1B	1.3B	1.3B
Accumulated Other Comprehensive Income	(14.8M)	(41.3M)	20.7M	37M	33.3M	35.0M
Short Term Debt	252.5M	210.4M	36M	25.6M	29.4M	28.0M
Intangible Assets	568.5M	513M	519.6M	447.1M	514.2M	397.6M
Other Current Liab	191.5M	214.4M	213.5M	217M	249.6M	262.0M
Current Deferred Revenue	9M	12.3M	11.8M	10.4M	9.4M	8.9M
Good Will	1.1B	1.1B	1.2B	1.2B	1.4B	871.2M
Common Stock	642.4M	641.9M	640M	636.6M	732.1M	562.7M
Other Liab	251.3M	234.8M	223M	222.4M	200.2M	198.8M
Net Tangible Assets	(116.9M)	93.1M	189.3M	221.9M	199.7M	140.0M
Other Assets	89M	86.5M	87.1M	114.2M	102.8M	130.2M
Long Term Debt	790.4M	778.2M	979.3M	937.8M	1.1B	822.8M
Deferred Long Term Liab	43.6M	39.2M	37.5M	53.6M	48.2M	37.4M
Short Long Term Debt	229.7M	187.3M	10.7M	2.1M	1.9M	1.8M
Property Plant Equipment	820.1M	847M	830.5M	896.8M	1.0B	785.6M
Net Invested Capital	2.8B	2.7B	2.9B	2.8B	3.3B	3.0B
Net Working Capital	347.2M	433.2M	587.7M	574.1M	660.2M	499.7M

Pair Trading with Transcontinental

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

Moving together with Transcontinental Stock

0.62	AG	First Majestic Silver	Pair Corr
0.71	IE	Ivanhoe Energy	Pair Corr
0.75	FDY	Faraday Copper Corp	Pair Corr

Moving against Transcontinental Stock

0.65	SEC	Senvest Capital	Pair Corr
0.36	INFM	Infinico Metals Corp	Pair Corr

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

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

Additional Tools for Transcontinental Stock Analysis

When running Transcontinental's price analysis, check to measure Transcontinental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Transcontinental is operating at the current time. Most of Transcontinental's value examination focuses on studying past and present price action to predict the probability of Transcontinental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transcontinental's price. Additionally, you may evaluate how the addition of Transcontinental to your portfolios can decrease your overall portfolio volatility.

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