Avis Ev To Free Cash Flow vs Free Cash Flow Yield Analysis

CAR Stock

USD 80.98 0.04 0.05%

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 Yield 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 Yield

Ev To Free Cash Flow vs Free Cash Flow Yield 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 Yield. 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 Yield is 0.04. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Free Cash Flow Yield 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 Yield 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 Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield 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 Yield go up and down completely randomly.

Correlation Coefficient

0.04

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 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.

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 12/22/2024, Enterprise Value Over EBITDA is likely to grow to 5.97, while Selling General Administrative is likely to drop slightly above 1.2 B.

	2021	2022	2023	2024 (projected)
Interest Expense	218M	250M	296M	359.9M
Depreciation And Amortization	2.5B	2.8B	3.5B	3.6B

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	0.77	0.89	-0.46	0.99	0.99	0.69	0.52	1.0	0.49	0.52	0.73	-0.04	1.0	0.85	-0.66	1.0	0.97	0.77	0.76	0.38	0.92	-0.67	-0.67	-0.77
Short Long Term Debt Total	0.99		0.71	0.88	-0.56	1.0	1.0	0.77	0.44	0.99	0.39	0.44	0.68	-0.16	1.0	0.89	-0.74	1.0	0.99	0.7	0.81	0.27	0.91	-0.58	-0.58	-0.71
Other Current Liab	0.77	0.71		0.79	-0.03	0.68	0.7	0.22	0.76	0.75	0.77	0.76	0.92	0.26	0.75	0.53	-0.18	0.75	0.61	0.93	0.41	0.78	0.65	-0.81	-0.81	-0.88
Total Current Liabilities	0.89	0.88	0.79		-0.45	0.86	0.87	0.48	0.68	0.89	0.44	0.68	0.83	-0.01	0.88	0.84	-0.48	0.89	0.84	0.82	0.78	0.5	0.74	-0.77	-0.77	-0.86
Total Stockholder Equity	-0.46	-0.56	-0.03	-0.45		-0.56	-0.57	-0.8	0.24	-0.49	0.34	0.24	-0.08	0.71	-0.5	-0.74	0.86	-0.5	-0.63	0.05	-0.75	0.41	-0.45	-0.09	-0.09	0.06
Property Plant And Equipment Net	0.99	1.0	0.68	0.86	-0.56		1.0	0.78	0.42	0.99	0.37	0.42	0.65	-0.16	0.99	0.88	-0.75	0.99	0.99	0.67	0.81	0.24	0.91	-0.57	-0.57	-0.68
Net Debt	0.99	1.0	0.7	0.87	-0.57	1.0		0.78	0.42	0.99	0.38	0.42	0.67	-0.18	1.0	0.89	-0.75	0.99	0.99	0.68	0.81	0.25	0.91	-0.57	-0.57	-0.69
Retained Earnings	0.69	0.77	0.22	0.48	-0.8	0.78	0.78		-0.16	0.72	-0.1	-0.16	0.2	-0.66	0.73	0.75	-0.99	0.72	0.83	0.12	0.73	-0.37	0.65	0.04	0.04	-0.12
Cash	0.52	0.44	0.76	0.68	0.24	0.42	0.42	-0.16		0.49	0.6	1.0	0.72	0.56	0.48	0.34	0.19	0.49	0.33	0.9	0.24	0.84	0.45	-0.89	-0.89	-0.85
Non Current Assets Total	1.0	0.99	0.75	0.89	-0.49	0.99	0.99	0.72	0.49		0.47	0.49	0.71	-0.07	1.0	0.86	-0.68	1.0	0.97	0.74	0.77	0.34	0.92	-0.64	-0.64	-0.75
Non Currrent Assets Other	0.49	0.39	0.77	0.44	0.34	0.37	0.38	-0.1	0.6	0.47		0.6	0.7	0.62	0.46	0.15	0.15	0.46	0.28	0.76	-0.04	0.84	0.41	-0.77	-0.77	-0.75
Cash And Short Term Investments	0.52	0.44	0.76	0.68	0.24	0.42	0.42	-0.16	1.0	0.49	0.6		0.72	0.56	0.48	0.34	0.19	0.49	0.33	0.9	0.24	0.84	0.45	-0.89	-0.89	-0.85
Net Receivables	0.73	0.68	0.92	0.83	-0.08	0.65	0.67	0.2	0.72	0.71	0.7	0.72		0.17	0.71	0.56	-0.17	0.72	0.59	0.92	0.41	0.71	0.56	-0.8	-0.8	-0.88
Common Stock Shares Outstanding	-0.04	-0.16	0.26	-0.01	0.71	-0.16	-0.18	-0.66	0.56	-0.07	0.62	0.56	0.17		-0.09	-0.34	0.69	-0.08	-0.23	0.42	-0.44	0.75	0.05	-0.61	-0.61	-0.45
Non Current Liabilities Total	1.0	1.0	0.75	0.88	-0.5	0.99	1.0	0.73	0.48	1.0	0.46	0.48	0.71	-0.09		0.86	-0.7	1.0	0.98	0.74	0.77	0.33	0.92	-0.63	-0.63	-0.75
Other Current Assets	0.85	0.89	0.53	0.84	-0.74	0.88	0.89	0.75	0.34	0.86	0.15	0.34	0.56	-0.34	0.86		-0.77	0.87	0.89	0.53	0.82	0.14	0.73	-0.46	-0.46	-0.59
Other Stockholder Equity	-0.66	-0.74	-0.18	-0.48	0.86	-0.75	-0.75	-0.99	0.19	-0.68	0.15	0.19	-0.17	0.69	-0.7	-0.77		-0.69	-0.81	-0.08	-0.75	0.4	-0.61	-0.07	-0.07	0.09
Total Liab	1.0	1.0	0.75	0.89	-0.5	0.99	0.99	0.72	0.49	1.0	0.46	0.49	0.72	-0.08	1.0	0.87	-0.69		0.97	0.75	0.78	0.34	0.92	-0.65	-0.65	-0.76
Property Plant And Equipment Gross	0.97	0.99	0.61	0.84	-0.63	0.99	0.99	0.83	0.33	0.97	0.28	0.33	0.59	-0.23	0.98	0.89	-0.81	0.97		0.6	0.82	0.15	0.89	-0.49	-0.49	-0.62
Total Current Assets	0.77	0.7	0.93	0.82	0.05	0.67	0.68	0.12	0.9	0.74	0.76	0.9	0.92	0.42	0.74	0.53	-0.08	0.75	0.6		0.37	0.82	0.66	-0.93	-0.93	-0.95
Short Term Debt	0.76	0.81	0.41	0.78	-0.75	0.81	0.81	0.73	0.24	0.77	-0.04	0.24	0.41	-0.44	0.77	0.82	-0.75	0.78	0.82	0.37		-0.04	0.69	-0.29	-0.29	-0.43
Intangible Assets	0.38	0.27	0.78	0.5	0.41	0.24	0.25	-0.37	0.84	0.34	0.84	0.84	0.71	0.75	0.33	0.14	0.4	0.34	0.15	0.82	-0.04		0.31	-0.89	-0.89	-0.84
Accounts Payable	0.92	0.91	0.65	0.74	-0.45	0.91	0.91	0.65	0.45	0.92	0.41	0.45	0.56	0.05	0.92	0.73	-0.61	0.92	0.89	0.66	0.69	0.31		-0.61	-0.61	-0.7
Common Stock Total Equity	-0.67	-0.58	-0.81	-0.77	-0.09	-0.57	-0.57	0.04	-0.89	-0.64	-0.77	-0.89	-0.8	-0.61	-0.63	-0.46	-0.07	-0.65	-0.49	-0.93	-0.29	-0.89	-0.61		1.0	0.98
Common Stock	-0.67	-0.58	-0.81	-0.77	-0.09	-0.57	-0.57	0.04	-0.89	-0.64	-0.77	-0.89	-0.8	-0.61	-0.63	-0.46	-0.07	-0.65	-0.49	-0.93	-0.29	-0.89	-0.61	1.0		0.98
Other Liab	-0.77	-0.71	-0.88	-0.86	0.06	-0.68	-0.69	-0.12	-0.85	-0.75	-0.75	-0.85	-0.88	-0.45	-0.75	-0.59	0.09	-0.76	-0.62	-0.95	-0.43	-0.84	-0.7	0.98	0.98

Click cells to compare fundamentals

Avis Budget Account Relationship Matchups

Avis Budget fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.1B	17.5B	22.6B	25.9B	32.6B	34.2B
Short Long Term Debt Total	17.1B	13.7B	17.8B	20.9B	26.5B	27.8B
Other Current Liab	1.2B	911M	988M	1.1B	1.1B	1.1B
Total Current Liabilities	2.2B	2.1B	2.4B	2.6B	2.7B	2.1B
Total Stockholder Equity	656M	(155M)	(220M)	(703M)	(349M)	(331.6M)
Property Plant And Equipment Net	15.2B	11.1B	15.6B	18.6B	23.9B	25.1B
Net Debt	16.4B	13.0B	17.3B	20.3B	25.9B	27.2B
Retained Earnings	(785M)	(1.5B)	(185M)	2.6B	3.9B	4.0B
Cash	615M	686M	692M	570M	555M	525.9M
Non Current Assets Total	21.0B	15.7B	20.8B	24.0B	30.3B	31.9B
Non Currrent Assets Other	1.5B	877M	858M	1.3B	1.5B	1.4B
Cash And Short Term Investments	615M	686M	692M	570M	555M	525.9M
Net Receivables	1.1B	794M	1.0B	952M	1.1B	834.3M
Common Stock Shares Outstanding	75.7M	70.5M	66.1M	48.4M	38.8M	77.3M
Liabilities And Stockholders Equity	23.1B	17.5B	22.6B	25.9B	32.6B	34.2B
Non Current Liabilities Total	20.2B	15.6B	20.4B	24.1B	30.3B	31.8B
Other Current Assets	141M	309M	300M	364M	492M	335.5M
Other Stockholder Equity	1.6B	1.5B	97M	(3.2B)	(4.1B)	(3.9B)
Total Liab	22.5B	17.7B	22.8B	26.6B	32.9B	34.6B
Property Plant And Equipment Gross	15.2B	11.1B	19.1B	22.3B	28.1B	29.5B
Total Current Assets	2.1B	1.8B	1.8B	1.9B	2.1B	2.0B
Accumulated Other Comprehensive Income	(133M)	(157M)	(187M)	(101M)	(96M)	(100.8M)
Short Term Debt	498M	533M	515M	582M	608M	638.4M
Intangible Assets	798M	774M	724M	666M	670M	636.5M
Accounts Payable	378M	394M	407M	466M	487M	783.8M
Other Liab	730M	662M	598M	554M	498.6M	473.7M
Other Assets	1.8B	4.0B	1.9B	1.7B	85M	80.8M
Long Term Debt	3.4B	4.2B	4.0B	4.6B	23.7B	24.9B
Good Will	1.1B	1.1B	1.1B	1.1B	1.1B	1.0B
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	125M	464M	185M	188M	168M	311.3M
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

0.84	R	Ryder System	Pair Corr
0.83	AL	Air Lease	Pair Corr

Moving against Avis Stock

0.51	GSL	Global Ship Lease	Pair Corr
0.33	YAYO	Yayyo Inc	Pair Corr
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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC