Nextera Historical Financial Ratios
| NEP Stock | USD 17.28 0.50 2.98% |
Nextera Energy is lately reporting on over 109 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 623 will help investors to properly organize and evaluate Nextera Energy Partners financial condition quickly.
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About Nextera Financial Ratios Analysis
Nextera Energy PartnersFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Nextera Energy investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Nextera financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Nextera Energy history.
Nextera Energy Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Nextera Energy Partners stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Nextera Energy sales, a figure that is much harder to manipulate than other Nextera Energy Partners 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.Dividend Yield
Dividend Yield is Nextera Energy Partners dividend as a percentage of Nextera Energy stock price. Nextera Energy Partners dividend yield is a measure of Nextera Energy stock productivity, which can be interpreted as interest rate earned on an Nextera Energy investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.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.Most ratios from Nextera Energy's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Nextera Energy Partners current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextera Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Nextera Stock, please use our How to Invest in Nextera Energy guide.At this time, Nextera Energy's Inventory Turnover is relatively stable compared to the past year. As of 11/26/2024, Net Income Per Share is likely to grow to 2.29, while Capex To Depreciation is likely to drop 1.90.
| 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.095 | 0.11 | 0.29 | Price To Sales Ratio | 6.64 | 4.91 | 2.94 |
Nextera Energy fundamentals Correlations
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Nextera Energy Account Relationship Matchups
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Nextera Energy fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 3.62 | 5.0 | 6.64 | 4.91 | 2.58 | 2.94 | |
| Dividend Yield | 0.0943 | 0.12 | 0.0979 | 0.095 | 0.11 | 0.29 | |
| Ptb Ratio | (386.98) | (573.28) | (814.46) | (850.09) | 0.78 | 0.82 | |
| Days Sales Outstanding | 114.84 | 105.88 | 444.91 | 35.26 | 593.55 | 623.23 | |
| Book Value Per Share | 120.17 | 112.68 | 144.55 | 174.19 | 153.46 | 161.13 | |
| Free Cash Flow Yield | 0.0817 | 0.0722 | 0.0866 | 0.0985 | (0.19) | (0.18) | |
| Operating Cash Flow Per Share | 4.85 | 5.88 | 9.72 | 8.77 | 7.98 | 5.86 | |
| Capex To Depreciation | 1.54 | 0.12 | 0.28 | 0.33 | 2.0 | 1.9 | |
| Pb Ratio | (386.98) | (573.28) | (814.46) | (850.09) | 0.78 | 0.82 | |
| Ev To Sales | 8.32 | 8.58 | 11.91 | 9.09 | 8.16 | 11.17 | |
| Free Cash Flow Per Share | 4.3 | 4.84 | 7.31 | 6.9 | (5.87) | (5.58) | |
| Roic | 0.0529 | 0.0995 | 0.0395 | 0.0205 | (0.002564) | (0.002436) | |
| Inventory Turnover | 16.8 | 15.13 | 10.22 | 11.2 | 6.34 | 9.98 | |
| Net Income Per Share | (6.87) | (3.48) | 5.49 | 13.2 | 2.18 | 2.29 | |
| Days Of Inventory On Hand | 21.73 | 24.13 | 35.72 | 32.6 | 57.56 | 41.55 | |
| Payables Turnover | 2.75 | 2.54 | 0.43 | 0.66 | 7.76 | 8.15 | |
| Capex To Revenue | 0.11 | 0.36 | 0.12 | 0.16 | 1.18 | 1.24 | |
| Cash Per Share | 2.18 | 1.58 | 1.9 | 2.77 | 2.99 | 3.21 | |
| Pocfratio | 8.95 | 6.9 | 9.62 | 7.67 | 3.81 | 3.62 | |
| Interest Coverage | 0.33 | 0.59 | 4.98 | 0.15 | (0.0711) | (0.0675) | |
| Payout Ratio | (0.95) | (1.89) | 1.46 | 0.57 | 3.71 | 3.52 | |
| Capex To Operating Cash Flow | 0.27 | 0.5 | 0.17 | 0.24 | 1.74 | 2.93 | |
| Pfcf Ratio | 12.24 | 13.86 | 11.55 | 10.15 | (5.18) | (4.92) | |
| Days Payables Outstanding | 132.53 | 143.79 | 855.44 | 554.21 | 47.03 | 44.68 | |
| Income Quality | (0.86) | (2.79) | 1.6 | 0.69 | (2.92) | (2.78) | |
| Ev To Operating Cash Flow | 20.55 | 11.83 | 17.28 | 14.18 | 12.04 | 22.8 | |
| Pe Ratio | (7.66) | (19.27) | 15.37 | 5.31 | 13.93 | 13.23 | |
| Return On Tangible Assets | (0.0431) | (0.0244) | 0.0278 | 0.0571 | 0.0102 | 0.0107 | |
| Ev To Free Cash Flow | 28.11 | 23.77 | 20.74 | 18.78 | (16.36) | (15.54) | |
| Earnings Yield | (0.13) | (0.0519) | 0.0651 | 0.19 | 0.0718 | 0.0754 | |
| Intangibles To Total Assets | 0.15 | 0.2 | 0.24 | 0.19 | 0.13 | 0.12 | |
| Net Debt To E B I T D A | 17.09 | 9.59 | 5.19 | 9.27 | 9.25 | 10.68 | |
| Tangible Book Value Per Share | 71.0 | 71.87 | 96.74 | 133.83 | 122.67 | 128.81 | |
| Receivables Turnover | 3.18 | 3.45 | 0.82 | 10.35 | 0.61 | 0.58 | |
| Graham Number | 4.59 | 3.03 | 3.58 | 4.95 | 43.75 | 45.94 | |
| Shareholders Equity Per Share | (0.14) | (0.12) | (0.1) | (0.0824) | 38.96 | 40.91 | |
| Capex Per Share | 1.58 | 4.88 | 1.46 | 2.24 | 13.85 | 11.1 |
Pair Trading with Nextera Energy
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 Nextera Energy 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 Nextera Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Nextera Stock
Moving against Nextera Stock
| 0.78 | ELLO | Ellomay Capital | PairCorr |
| 0.77 | GEV | GE Vernova LLC Downward Rally | PairCorr |
| 0.76 | NRGV | Energy Vault Holdings Buyout Trend | PairCorr |
| 0.74 | ADN | Advent Technologies | PairCorr |
| 0.7 | ORA | Ormat Technologies | PairCorr |
The ability to find closely correlated positions to Nextera Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextera Energy 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 Nextera Energy - 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 Nextera Energy Partners to buy it.
The correlation of Nextera Energy 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 Nextera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextera Energy Partners 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 Nextera Energy 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.Additional Tools for Nextera Stock Analysis
When running Nextera Energy's price analysis, check to measure Nextera Energy'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 Nextera Energy is operating at the current time. Most of Nextera Energy's value examination focuses on studying past and present price action to predict the probability of Nextera Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextera Energy's price. Additionally, you may evaluate how the addition of Nextera Energy to your portfolios can decrease your overall portfolio volatility.