Avis Ev To Free Cash Flow vs Free Cash Flow Analysis

CAR Stock

USD 88.46 3.73 4.40%

Avis Budget financial indicator trend analysis is way more than just evaluating Avis Budget Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avis Budget Group is a good investment. Please check the relationship between Avis Budget Ev To Free Cash Flow and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. 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.

Ev To Free Cash Flow vs Free Cash Flow

Ev To Free Cash Flow vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avis Budget Group Ev To Free Cash Flow account and Free Cash Flow. At this time, the significance of the direction appears to have no relationship.

The correlation between Avis Budget's Ev To Free Cash Flow and Free Cash Flow is 0.06. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Avis Budget Group, assuming nothing else is changed. The correlation between historical values of Avis Budget's Ev To Free Cash Flow and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of Avis Budget Group are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Ev To Free Cash Flow i.e., Avis Budget's Ev To Free Cash Flow and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.06

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Avis Budget's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avis Budget Group 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 Avis Budget Group. 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, Avis Budget's Tax Provision is relatively stable compared to the past year. As of 01/08/2025, Sales General And Administrative To Revenue is likely to grow to 0.14, while Selling General Administrative is likely to drop slightly above 1.2 B.

	2022	2023	2024	2025 (projected)
Interest Expense	250M	296M	266.4M	359.9M
Depreciation And Amortization	2.8B	3.5B	4.0B	4.2B

Interest Expense Depreciation And Amortization

Avis Budget fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.99	0.75	0.88	-0.52	0.99	0.99	0.77	0.48	1.0	0.6	0.48	0.72	-0.17	1.0	0.86	-0.76	1.0	0.98	0.76	0.82	0.17	0.89	-0.59	-0.59	-0.7
Short Long Term Debt Total	0.99		0.71	0.87	-0.6	1.0	1.0	0.82	0.41	1.0	0.52	0.41	0.68	-0.27	1.0	0.88	-0.82	1.0	0.99	0.7	0.85	0.08	0.88	-0.51	-0.51	-0.64
Other Current Liab	0.75	0.71		0.8	-0.11	0.68	0.7	0.31	0.76	0.74	0.8	0.76	0.92	0.15	0.73	0.59	-0.29	0.74	0.63	0.93	0.47	0.67	0.65	-0.79	-0.79	-0.87
Total Current Liabilities	0.88	0.87	0.8		-0.51	0.86	0.86	0.58	0.66	0.87	0.52	0.66	0.85	-0.14	0.87	0.87	-0.59	0.88	0.84	0.84	0.8	0.35	0.7	-0.71	-0.71	-0.81
Total Stockholder Equity	-0.52	-0.6	-0.11	-0.51		-0.59	-0.61	-0.82	0.19	-0.54	0.18	0.19	-0.17	0.74	-0.56	-0.76	0.85	-0.56	-0.65	-0.04	-0.77	0.44	-0.45	-0.07	-0.07	0.09
Property Plant And Equipment Net	0.99	1.0	0.68	0.86	-0.59		1.0	0.83	0.4	1.0	0.51	0.4	0.66	-0.27	1.0	0.87	-0.83	1.0	0.99	0.68	0.85	0.05	0.87	-0.5	-0.5	-0.62
Net Debt	0.99	1.0	0.7	0.86	-0.61	1.0		0.83	0.4	1.0	0.52	0.4	0.68	-0.28	1.0	0.88	-0.83	1.0	0.99	0.69	0.85	0.07	0.88	-0.5	-0.5	-0.63
Retained Earnings	0.77	0.82	0.31	0.58	-0.82	0.83	0.83		-0.09	0.78	0.12	-0.09	0.33	-0.71	0.79	0.81	-0.99	0.78	0.86	0.24	0.79	-0.43	0.61	0.02	0.02	-0.15
Cash	0.48	0.41	0.76	0.66	0.19	0.4	0.4	-0.09		0.46	0.59	1.0	0.72	0.49	0.45	0.37	0.09	0.46	0.33	0.89	0.26	0.79	0.46	-0.89	-0.89	-0.85
Non Current Assets Total	1.0	1.0	0.74	0.87	-0.54	1.0	1.0	0.78	0.46		0.58	0.46	0.71	-0.2	1.0	0.86	-0.78	1.0	0.98	0.74	0.82	0.14	0.89	-0.56	-0.56	-0.68
Non Currrent Assets Other	0.6	0.52	0.8	0.52	0.18	0.51	0.52	0.12	0.59	0.58		0.59	0.71	0.46	0.57	0.3	-0.09	0.57	0.44	0.79	0.15	0.7	0.54	-0.76	-0.76	-0.76
Cash And Short Term Investments	0.48	0.41	0.76	0.66	0.19	0.4	0.4	-0.09	1.0	0.46	0.59		0.72	0.49	0.45	0.37	0.09	0.46	0.33	0.89	0.26	0.79	0.46	-0.89	-0.89	-0.85
Net Receivables	0.72	0.68	0.92	0.85	-0.17	0.66	0.68	0.33	0.72	0.71	0.71	0.72		0.05	0.7	0.63	-0.31	0.71	0.61	0.93	0.48	0.59	0.55	-0.77	-0.77	-0.86
Common Stock Shares Outstanding	-0.17	-0.27	0.15	-0.14	0.74	-0.27	-0.28	-0.71	0.49	-0.2	0.46	0.49	0.05		-0.21	-0.42	0.71	-0.2	-0.33	0.28	-0.49	0.75	0.02	-0.56	-0.56	-0.39
Non Current Liabilities Total	1.0	1.0	0.73	0.87	-0.56	1.0	1.0	0.79	0.45	1.0	0.57	0.45	0.7	-0.21		0.87	-0.79	1.0	0.98	0.73	0.83	0.13	0.89	-0.56	-0.56	-0.68
Other Current Assets	0.86	0.88	0.59	0.87	-0.76	0.87	0.88	0.81	0.37	0.86	0.3	0.37	0.63	-0.42	0.87		-0.81	0.87	0.89	0.6	0.84	0.03	0.7	-0.44	-0.44	-0.58
Other Stockholder Equity	-0.76	-0.82	-0.29	-0.59	0.85	-0.83	-0.83	-0.99	0.09	-0.78	-0.09	0.09	-0.31	0.71	-0.79	-0.81		-0.78	-0.87	-0.23	-0.81	0.45	-0.61	-0.02	-0.02	0.15
Total Liab	1.0	1.0	0.74	0.88	-0.56	1.0	1.0	0.78	0.46	1.0	0.57	0.46	0.71	-0.2	1.0	0.87	-0.78		0.98	0.74	0.83	0.14	0.89	-0.57	-0.57	-0.69
Property Plant And Equipment Gross	0.98	0.99	0.63	0.84	-0.65	0.99	0.99	0.86	0.33	0.98	0.44	0.33	0.61	-0.33	0.98	0.89	-0.87	0.98		0.63	0.86	-0.02	0.85	-0.44	-0.44	-0.57
Total Current Assets	0.76	0.7	0.93	0.84	-0.04	0.68	0.69	0.24	0.89	0.74	0.79	0.89	0.93	0.28	0.73	0.6	-0.23	0.74	0.63		0.45	0.7	0.66	-0.9	-0.9	-0.93
Short Term Debt	0.82	0.85	0.47	0.8	-0.77	0.85	0.85	0.79	0.26	0.82	0.15	0.26	0.48	-0.49	0.83	0.84	-0.81	0.83	0.86	0.45		-0.14	0.71	-0.29	-0.29	-0.44
Intangible Assets	0.17	0.08	0.67	0.35	0.44	0.05	0.07	-0.43	0.79	0.14	0.7	0.79	0.59	0.75	0.13	0.03	0.45	0.14	-0.02	0.7	-0.14		0.23	-0.85	-0.85	-0.78
Accounts Payable	0.89	0.88	0.65	0.7	-0.45	0.87	0.88	0.61	0.46	0.89	0.54	0.46	0.55	0.02	0.89	0.7	-0.61	0.89	0.85	0.66	0.71	0.23		-0.61	-0.61	-0.7
Common Stock Total Equity	-0.59	-0.51	-0.79	-0.71	-0.07	-0.5	-0.5	0.02	-0.89	-0.56	-0.76	-0.89	-0.77	-0.56	-0.56	-0.44	-0.02	-0.57	-0.44	-0.9	-0.29	-0.85	-0.61		1.0	0.97
Common Stock	-0.59	-0.51	-0.79	-0.71	-0.07	-0.5	-0.5	0.02	-0.89	-0.56	-0.76	-0.89	-0.77	-0.56	-0.56	-0.44	-0.02	-0.57	-0.44	-0.9	-0.29	-0.85	-0.61	1.0		0.97
Other Liab	-0.7	-0.64	-0.87	-0.81	0.09	-0.62	-0.63	-0.15	-0.85	-0.68	-0.76	-0.85	-0.86	-0.39	-0.68	-0.58	0.15	-0.69	-0.57	-0.93	-0.44	-0.78	-0.7	0.97	0.97

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Avis Budget Account Relationship Matchups

Avis Budget fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	17.5B	22.6B	25.9B	32.6B	37.5B	39.3B
Short Long Term Debt Total	13.7B	17.8B	20.9B	26.5B	30.4B	31.9B
Other Current Liab	911M	988M	1.1B	1.1B	1.3B	1.1B
Total Current Liabilities	2.1B	2.4B	2.6B	2.7B	3.1B	2.1B
Total Stockholder Equity	(155M)	(220M)	(703M)	(349M)	(314.1M)	(298.4M)
Property Plant And Equipment Net	11.1B	15.6B	18.6B	23.9B	27.5B	28.8B
Net Debt	13.0B	17.3B	20.3B	25.9B	29.8B	31.3B
Retained Earnings	(1.5B)	(185M)	2.6B	3.9B	3.5B	3.6B
Non Current Assets Total	15.7B	20.8B	24.0B	30.4B	35.0B	36.7B
Non Currrent Assets Other	877M	858M	1.3B	1.6B	1.9B	1.8B
Net Receivables	794M	1.0B	952M	1.1B	1.3B	834.3M
Common Stock Shares Outstanding	70.5M	66.1M	48.4M	38.8M	44.6M	77.3M
Liabilities And Stockholders Equity	17.5B	22.6B	25.9B	32.6B	37.5B	39.3B
Non Current Liabilities Total	15.6B	20.4B	24.1B	30.3B	34.8B	36.5B
Other Current Assets	309M	300M	364M	492M	442.8M	335.5M
Other Stockholder Equity	1.5B	97M	(3.2B)	(4.1B)	(4.7B)	(4.5B)
Total Liab	17.7B	22.8B	26.6B	32.9B	37.8B	39.7B
Property Plant And Equipment Gross	11.1B	19.1B	22.3B	28.1B	32.3B	33.9B
Total Current Assets	1.8B	1.8B	1.9B	2.1B	2.5B	2.0B
Short Term Debt	533M	515M	582M	608M	699.2M	734.2M
Intangible Assets	774M	724M	666M	670M	603M	572.9M
Accounts Payable	394M	407M	466M	487M	438.3M	783.8M
Other Liab	730M	662M	598M	554M	498.6M	473.7M
Other Assets	4.0B	1.9B	1.7B	85M	76.5M	72.7M
Long Term Debt	4.2B	4.0B	4.6B	23.7B	21.4B	22.4B
Good Will	1.1B	1.1B	1.1B	1.1B	989.1M	939.6M
Inventory	234M	161M	205M	252M	226.8M	301.9M
Treasury Stock	(5.1B)	(5.1B)	(5.2B)	(6.6B)	(5.9B)	(6.2B)
Property Plant Equipment	792M	657M	537M	594M	534.6M	507.9M
Current Deferred Revenue	464M	185M	188M	168M	151.2M	143.6M
Net Tangible Assets	12.6B	6.9B	(2.1B)	13.3B	15.2B	8.0B
Retained Earnings Total Equity	(785M)	(1.5B)	(185M)	2.6B	3.0B	3.1B

Pair Trading with Avis Budget

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

Moving together with Avis Stock

0.73	R	Ryder System	Pair Corr
0.65	AL	Air Lease	Pair Corr

Moving against Avis Stock

0.31

MWG

Multi Ways Holdings

Pair Corr

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

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

When running Avis Budget's price analysis, check to measure Avis Budget'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 Avis Budget is operating at the current time. Most of Avis Budget's value examination focuses on studying past and present price action to predict the probability of Avis Budget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avis Budget's price. Additionally, you may evaluate how the addition of Avis Budget to your portfolios can decrease your overall portfolio volatility.

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