Alvopetro Pb Ratio vs Ev To Sales Analysis

ALV Stock  CAD 5.10  0.23  4.72%   
Alvopetro Energy financial indicator trend analysis is way more than just evaluating Alvopetro Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alvopetro Energy is a good investment. Please check the relationship between Alvopetro Energy Pb Ratio and its Ev To Sales accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alvopetro Energy. 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.

Pb Ratio vs Ev To Sales

Pb Ratio vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alvopetro Energy Pb Ratio account and Ev To Sales. At this time, the significance of the direction appears to have strong relationship.
The correlation between Alvopetro Energy's Pb Ratio and Ev To Sales is 0.6. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Alvopetro Energy, assuming nothing else is changed. The correlation between historical values of Alvopetro Energy's Pb Ratio 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 Pb Ratio of Alvopetro Energy 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 Pb Ratio i.e., Alvopetro Energy's Pb Ratio and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Pb Ratio

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 Alvopetro Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alvopetro Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alvopetro Energy. 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, Alvopetro Energy's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 4.43 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 418.9 K in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses5.2M5.9M5.7M4.8M
Cost Of Revenue14.8M15.0M13.5M14.2M

Alvopetro Energy fundamental ratios Correlations

0.470.360.960.5-0.80.890.46-0.070.890.180.160.240.060.40.920.070.020.180.480.33-0.160.340.120.13-0.17
0.470.710.380.72-0.110.170.77-0.250.170.230.350.240.110.560.21-0.16-0.32-0.030.690.5-0.190.74-0.130.27-0.22
0.360.710.230.820.060.060.83-0.280.060.820.790.36-0.040.720.14-0.5-0.480.490.80.11-0.80.84-0.270.680.01
0.960.380.230.39-0.90.940.310.010.940.04-0.040.020.180.170.950.110.060.090.320.37-0.040.180.050.05-0.08
0.50.720.820.390.020.110.96-0.140.110.640.720.480.060.750.18-0.58-0.690.090.630.18-0.530.93-0.440.720.11
-0.8-0.110.06-0.90.02-0.970.09-0.07-0.970.20.360.25-0.130.2-0.95-0.4-0.41-0.14-0.07-0.28-0.150.19-0.270.20.08
0.890.170.060.940.11-0.970.050.01.0-0.06-0.17-0.010.040.030.990.280.290.170.150.240.04-0.070.25-0.12-0.13
0.460.770.830.310.960.090.05-0.180.050.630.720.560.040.820.13-0.43-0.580.160.760.26-0.520.97-0.240.660.02
-0.07-0.25-0.280.01-0.14-0.070.0-0.180.0-0.28-0.28-0.18-0.32-0.26-0.030.27-0.01-0.29-0.230.070.28-0.21-0.02-0.110.84
0.890.170.060.940.11-0.971.00.050.0-0.06-0.17-0.010.040.030.990.280.290.170.150.240.04-0.070.25-0.12-0.13
0.180.230.820.040.640.2-0.060.63-0.28-0.060.910.47-0.170.680.03-0.61-0.440.670.58-0.27-0.940.67-0.270.760.09
0.160.350.79-0.040.720.36-0.170.72-0.28-0.170.910.68-0.330.86-0.08-0.68-0.570.440.55-0.3-0.810.75-0.310.73-0.01
0.240.240.360.020.480.25-0.010.56-0.18-0.010.470.68-0.40.880.04-0.33-0.410.040.34-0.11-0.320.480.050.25-0.15
0.060.11-0.040.180.06-0.130.040.04-0.320.04-0.17-0.33-0.4-0.280.05-0.1-0.12-0.190.110.580.09-0.05-0.28-0.15-0.23
0.40.560.720.170.750.20.030.82-0.260.030.680.860.88-0.280.11-0.46-0.510.220.680.01-0.580.77-0.10.47-0.17
0.920.210.140.950.18-0.950.990.13-0.030.990.03-0.080.040.050.110.220.240.220.230.25-0.040.00.21-0.06-0.14
0.07-0.16-0.50.11-0.58-0.40.28-0.430.270.28-0.61-0.68-0.33-0.1-0.460.220.890.05-0.070.240.55-0.420.86-0.54-0.11
0.02-0.32-0.480.06-0.69-0.410.29-0.58-0.010.29-0.44-0.57-0.41-0.12-0.510.240.890.32-0.13-0.010.37-0.510.85-0.46-0.31
0.18-0.030.490.090.09-0.140.170.16-0.290.170.670.440.04-0.190.220.220.050.320.5-0.25-0.740.240.340.46-0.12
0.480.690.80.320.63-0.070.150.76-0.230.150.580.550.340.110.680.23-0.07-0.130.50.41-0.610.720.130.35-0.2
0.330.50.110.370.18-0.280.240.260.070.24-0.27-0.3-0.110.580.010.250.24-0.01-0.250.410.250.120.0-0.24-0.07
-0.16-0.19-0.8-0.04-0.53-0.150.04-0.520.280.04-0.94-0.81-0.320.09-0.58-0.040.550.37-0.74-0.610.25-0.540.24-0.69-0.06
0.340.740.840.180.930.19-0.070.97-0.21-0.070.670.750.48-0.050.770.0-0.42-0.510.240.720.12-0.54-0.20.740.02
0.12-0.13-0.270.05-0.44-0.270.25-0.24-0.020.25-0.27-0.310.05-0.28-0.10.210.860.850.340.130.00.24-0.2-0.35-0.33
0.130.270.680.050.720.2-0.120.66-0.11-0.120.760.730.25-0.150.47-0.06-0.54-0.460.460.35-0.24-0.690.74-0.350.31
-0.17-0.220.01-0.080.110.08-0.130.020.84-0.130.09-0.01-0.15-0.23-0.17-0.14-0.11-0.31-0.12-0.2-0.07-0.060.02-0.330.31
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Alvopetro Energy Account Relationship Matchups

Alvopetro Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets71.4M80.4M81.2M98.4M109.8M71.1M
Other Current Liab9.1M2.5M2.1M4.5M5.3M3.7M
Total Current Liabilities9.2M2.9M8.1M12.9M12.9M13.5M
Total Stockholder Equity55.9M53.1M58.6M76.4M88.2M60.3M
Property Plant And Equipment Net67.2M66.2M59.6M67.3M81.8M67.5M
Net Debt4.0M18.6M3.1M(10.4M)(9.6M)(10.1M)
Cash1.2M5.2M11.5M19.8M18.3M17.4M
Non Current Assets Total69.0M71.9M64.0M70.8M83.8M70.6M
Non Currrent Assets Other57.4M1.8M1.1M491K564.7K536.4K
Cash And Short Term Investments1.2M5.2M11.5M19.8M18.3M17.4M
Net Receivables265K2.8M4.2M7.2M6.9M7.2M
Common Stock Shares Outstanding32.2M35.1M34.9M36.9M37.8M34.5M
Liabilities And Stockholders Equity71.4M80.4M81.2M98.4M109.8M71.1M
Non Current Liabilities Total6.4M24.3M14.5M9.1M8.7M8.0M
Other Stockholder Equity2.8M2.8M51.6M51.4M52.2M54.2M
Total Liab15.5M27.3M22.6M22.0M21.6M13.9M
Total Current Assets2.5M8.5M17.2M27.6M26.0M19.8M
Other Liab1.3M1.1M507K517K465.3K442.0K
Net Tangible Assets55.9M53.1M57.8M76.4M68.8M62.3M
Retained Earnings(76.9M)(71.2M)9K25.5M33.6M35.2M
Accounts Payable3.2M2.4M5.5M7.6M6.7M4.2M
Other Current Assets602K253K175K296K266.4K253.1K
Accumulated Other Comprehensive Income(26.4M)(35.3M)(32.4M)(43.4M)(41.1M)(39.0M)
Common Stock156.4M156.8M39.5M42.9M43.5M41.3M
Property Plant Equipment67.2M66.2M59.6M67.3M77.4M67.3M
Net Invested Capital60.9M68.5M65.2M76.4M88.2M76.4M
Net Working Capital(6.7M)5.5M9.1M14.7M13.1M8.1M
Capital Stock156.4M156.8M39.5M42.9M43.5M79.3M

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