Winpak Free Cash Flow Yield vs Capex To Depreciation Analysis

WPK Stock

CAD 50.54 1.15 2.33%

Winpak financial indicator trend analysis is more than just analyzing Winpak current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Winpak is a good investment. Please check the relationship between Winpak Free Cash Flow Yield and its Capex To Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Winpak. 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.

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Winpak Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have pay attention.

The correlation between Winpak's Free Cash Flow Yield and Capex To Depreciation is -0.97. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Winpak, assuming nothing else is changed. The correlation between historical values of Winpak's Free Cash Flow Yield and Capex To Depreciation 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 Winpak are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Winpak's Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.97

Relationship Direction	Negative
Relationship Strength	Significant

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.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Winpak's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Winpak 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Winpak. 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, Winpak's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Over EBITDA is likely to grow to 5.95, while Selling General Administrative is likely to drop about 33 M.

	2021	2022	2023	2024 (projected)
Interest Income	287K	5.5M	24.4M	25.6M
Tax Provision	35.3M	45.9M	52.2M	47.4M

Interest Income Tax Provision

Winpak fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Cash	Cash And Short Term Investments
Total Assets		-0.34	0.77	0.72	1.0	0.81	-0.74	-0.94	0.99	0.67	0.82	0.37	0.98	0.52	0.86	0.93	0.82	0.54	0.81	0.9	0.99	-0.53	0.88	0.69	0.95	0.95
Short Long Term Debt Total	-0.34		-0.51	-0.68	-0.28	-0.59	-0.14	0.08	-0.25	-0.67	-0.59	0.2	-0.37	0.14	-0.59	-0.26	-0.03	-0.88	-0.65	-0.09	-0.21	0.77	-0.38	-0.6	-0.1	-0.1
Other Current Liab	0.77	-0.51		0.8	0.75	0.72	-0.42	-0.58	0.74	0.6	0.72	0.35	0.82	0.32	0.75	0.82	0.61	0.49	0.79	0.7	0.73	-0.63	0.64	0.55	0.6	0.6
Total Current Liabilities	0.72	-0.68	0.8		0.67	0.89	-0.27	-0.49	0.65	0.92	0.89	0.09	0.78	0.11	0.92	0.78	0.45	0.77	0.98	0.63	0.65	-0.72	0.74	0.82	0.49	0.49
Total Stockholder Equity	1.0	-0.28	0.75	0.67		0.78	-0.78	-0.96	1.0	0.62	0.79	0.39	0.97	0.55	0.83	0.91	0.83	0.49	0.77	0.9	0.99	-0.49	0.87	0.66	0.97	0.97
Property Plant And Equipment Net	0.81	-0.59	0.72	0.89	0.78		-0.52	-0.69	0.77	0.78	1.0	0.29	0.79	0.15	0.96	0.72	0.47	0.67	0.94	0.6	0.74	-0.7	0.84	0.78	0.68	0.68
Current Deferred Revenue	-0.74	-0.14	-0.42	-0.27	-0.78	-0.52		0.87	-0.79	-0.21	-0.52	-0.53	-0.65	-0.45	-0.49	-0.63	-0.52	-0.04	-0.39	-0.66	-0.78	0.19	-0.55	-0.24	-0.85	-0.85
Net Debt	-0.94	0.08	-0.58	-0.49	-0.96	-0.69	0.87		-0.97	-0.44	-0.71	-0.43	-0.86	-0.59	-0.71	-0.81	-0.79	-0.32	-0.61	-0.82	-0.96	0.32	-0.81	-0.53	-1.0	-1.0
Retained Earnings	0.99	-0.25	0.74	0.65	1.0	0.77	-0.79	-0.97		0.6	0.78	0.41	0.96	0.56	0.81	0.91	0.84	0.46	0.75	0.9	1.0	-0.46	0.86	0.64	0.97	0.97
Accounts Payable	0.67	-0.67	0.6	0.92	0.62	0.78	-0.21	-0.44	0.6		0.78	-0.12	0.75	0.11	0.87	0.73	0.43	0.87	0.91	0.62	0.61	-0.7	0.71	0.87	0.46	0.46
Non Current Assets Total	0.82	-0.59	0.72	0.89	0.79	1.0	-0.52	-0.71	0.78	0.78		0.29	0.8	0.16	0.96	0.73	0.49	0.67	0.95	0.62	0.75	-0.7	0.86	0.8	0.69	0.69
Non Currrent Assets Other	0.37	0.2	0.35	0.09	0.39	0.29	-0.53	-0.43	0.41	-0.12	0.29		0.33	0.17	0.21	0.29	0.42	-0.28	0.15	0.33	0.38	0.01	0.21	-0.11	0.41	0.41
Net Receivables	0.98	-0.37	0.82	0.78	0.97	0.79	-0.65	-0.86	0.96	0.75	0.8	0.33		0.54	0.87	0.96	0.85	0.58	0.84	0.94	0.96	-0.55	0.84	0.73	0.88	0.88
Common Stock Shares Outstanding	0.52	0.14	0.32	0.11	0.55	0.15	-0.45	-0.59	0.56	0.11	0.16	0.17	0.54		0.19	0.48	0.77	0.07	0.15	0.64	0.59	0.04	0.27	0.24	0.61	0.61
Non Current Liabilities Total	0.86	-0.59	0.75	0.92	0.83	0.96	-0.49	-0.71	0.81	0.87	0.96	0.21	0.87	0.19		0.8	0.57	0.74	0.98	0.71	0.8	-0.74	0.89	0.83	0.71	0.71
Inventory	0.93	-0.26	0.82	0.78	0.91	0.72	-0.63	-0.81	0.91	0.73	0.73	0.29	0.96	0.48	0.8		0.8	0.48	0.8	0.95	0.93	-0.45	0.78	0.67	0.82	0.82
Other Current Assets	0.82	-0.03	0.61	0.45	0.83	0.47	-0.52	-0.79	0.84	0.43	0.49	0.42	0.85	0.77	0.57	0.8		0.26	0.52	0.9	0.85	-0.17	0.65	0.49	0.81	0.81
Other Stockholder Equity	0.54	-0.88	0.49	0.77	0.49	0.67	-0.04	-0.32	0.46	0.87	0.67	-0.28	0.58	0.07	0.74	0.48	0.26		0.77	0.35	0.45	-0.79	0.6	0.76	0.34	0.34
Total Liab	0.81	-0.65	0.79	0.98	0.77	0.94	-0.39	-0.61	0.75	0.91	0.95	0.15	0.84	0.15	0.98	0.8	0.52	0.77		0.68	0.74	-0.75	0.83	0.84	0.61	0.61
Property Plant And Equipment Gross	0.9	-0.09	0.7	0.63	0.9	0.6	-0.66	-0.82	0.9	0.62	0.62	0.33	0.94	0.64	0.71	0.95	0.9	0.35	0.68		0.93	-0.33	0.73	0.63	0.85	0.85
Total Current Assets	0.99	-0.21	0.73	0.65	0.99	0.74	-0.78	-0.96	1.0	0.61	0.75	0.38	0.96	0.59	0.8	0.93	0.85	0.45	0.74	0.93		-0.43	0.85	0.64	0.97	0.97
Short Term Debt	-0.53	0.77	-0.63	-0.72	-0.49	-0.7	0.19	0.32	-0.46	-0.7	-0.7	0.01	-0.55	0.04	-0.74	-0.45	-0.17	-0.79	-0.75	-0.33	-0.43		-0.62	-0.65	-0.34	-0.34
Intangible Assets	0.88	-0.38	0.64	0.74	0.87	0.84	-0.55	-0.81	0.86	0.71	0.86	0.21	0.84	0.27	0.89	0.78	0.65	0.6	0.83	0.73	0.85	-0.62		0.81	0.81	0.81
Other Assets	0.69	-0.6	0.55	0.82	0.66	0.78	-0.24	-0.53	0.64	0.87	0.8	-0.11	0.73	0.24	0.83	0.67	0.49	0.76	0.84	0.63	0.64	-0.65	0.81		0.53	0.53
Cash	0.95	-0.1	0.6	0.49	0.97	0.68	-0.85	-1.0	0.97	0.46	0.69	0.41	0.88	0.61	0.71	0.82	0.81	0.34	0.61	0.85	0.97	-0.34	0.81	0.53		1.0
Cash And Short Term Investments	0.95	-0.1	0.6	0.49	0.97	0.68	-0.85	-1.0	0.97	0.46	0.69	0.41	0.88	0.61	0.71	0.82	0.81	0.34	0.61	0.85	0.97	-0.34	0.81	0.53	1.0

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Winpak Account Relationship Matchups

Winpak fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.3B	1.3B	1.5B	1.6B	1.7B
Other Current Liab	32.2M	28.4M	28.4M	55.5M	41.5M	43.6M
Total Current Liabilities	71.5M	68.0M	97.0M	124.7M	93.9M	55.2M
Total Stockholder Equity	1.0B	1.1B	1.1B	1.2B	1.4B	1.4B
Property Plant And Equipment Net	489.3M	507.5M	515.2M	518.6M	543.4M	278.7M
Current Deferred Revenue	3.7M	1.8M	3.5M	2.6M	1.5M	1.6M
Net Debt	(392.3M)	(481.1M)	(364.0M)	(386.1M)	(528.0M)	(501.6M)
Retained Earnings	1.0B	1.1B	1.1B	1.2B	1.3B	1.4B
Accounts Payable	35.0M	36.5M	63.8M	65.3M	48.9M	36.7M
Non Current Assets Total	538.4M	551.5M	563.3M	562.5M	587.4M	307.7M
Non Currrent Assets Other	11.1M	8.1M	13.5M	10.8M	12.2M	12.8M
Net Receivables	143.1M	145.9M	187.2M	207.6M	211.9M	222.5M
Liabilities And Stockholders Equity	1.2B	1.3B	1.3B	1.5B	1.6B	1.7B
Non Current Liabilities Total	75.1M	97.6M	108.9M	99.0M	93.9M	64.4M
Inventory	130.5M	135.6M	187.1M	288.1M	219.8M	230.8M
Other Current Assets	3.2M	4.3M	6.7M	5.6M	10.5M	11.0M
Other Stockholder Equity	380K	834K	(524K)	(972K)	(1.0)	(0.95)
Total Liab	146.6M	165.6M	206.0M	223.7M	187.8M	119.6M
Property Plant And Equipment Gross	489.3M	507.5M	1.0B	1.1B	1.1B	1.2B
Total Current Assets	674.0M	781.2M	758.4M	900.0M	984.0M	1.0B
Accumulated Other Comprehensive Income	380K	834K	(524K)	(972K)	1.4M	1.3M
Short Term Debt	612K	1.3M	1.3M	1.3M	2.0M	1.9M
Intangible Assets	18.9M	17.5M	16.0M	14.7M	13.4M	10.6M
Other Assets	11.8M	8.1M	13.5M	10.8M	12.4M	8.5M
Cash	397.2M	495.3M	377.5M	398.7M	541.9M	569.0M
Cash And Short Term Investments	397.2M	495.3M	377.5M	398.7M	541.9M	569.0M
Other Liab	70.8M	84.6M	96.7M	87.8M	100.9M	79.4M
Net Tangible Assets	997.5M	1.1B	1.0B	1.2B	1.3B	927.4M
Property Plant Equipment	489.3M	507.5M	515.2M	518.6M	596.4M	480.0M
Long Term Debt Total	4.3M	13.0M	12.2M	11.2M	12.9M	13.5M
Cash And Equivalents	377.4M	480.7M	358.7M	363.2M	417.7M	370.9M
Net Invested Capital	1.0B	1.1B	1.1B	1.2B	1.4B	1.2B
Net Working Capital	602.4M	713.1M	661.4M	775.3M	890.1M	730.3M

Pair Trading with Winpak

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

Moving together with Winpak Stock

0.85	IE	Ivanhoe Energy	Pair Corr
0.75	FDY	Faraday Copper Corp	Pair Corr

Moving against Winpak Stock

0.56	INFM	Infinico Metals Corp	Pair Corr
0.53	SEC	Senvest Capital	Pair Corr

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

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

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

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Winpak Free Cash Flow Yield vs Capex To Depreciation Analysis

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Capex To Depreciation

Winpak fundamental ratios Correlations

Winpak Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Winpak fundamental ratios Accounts

Pair Trading with Winpak

Moving together with Winpak Stock

Moving against Winpak Stock

Other Information on Investing in Winpak Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Retained Earnings
Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.99	Total Assets

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Retained Earnings	- 0.97	Net Debt
Total Current Assets	- 0.96	Net Debt
Net Debt	- 0.96	Total Stockholder Equity
Net Debt	- 0.94	Total Assets