Canacol Price To Sales Ratio vs Dividend Yield Analysis

CNE Stock

CAD 4.11 0.15 3.79%

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

Price To Sales Ratio vs Dividend Yield

Price To Sales Ratio vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canacol Energy Price To Sales Ratio account and Dividend Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Canacol Energy's Price To Sales Ratio and Dividend Yield is -0.34. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Canacol Energy, assuming nothing else is changed. The correlation between historical values of Canacol Energy's Price To Sales Ratio and Dividend 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 Price To Sales Ratio of Canacol Energy are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Price To Sales Ratio i.e., Canacol Energy's Price To Sales Ratio and Dividend Yield go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Canacol Energy stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Canacol Energy sales, a figure that is much harder to manipulate than other Canacol Energy 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 Canacol Energy dividend as a percentage of Canacol Energy stock price. Canacol Energy dividend yield is a measure of Canacol Energy stock productivity, which can be interpreted as interest rate earned on an Canacol 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.

Most indicators from Canacol Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canacol 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 Canacol 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, Canacol Energy's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Multiple is likely to grow to 4.66, while Selling General Administrative is likely to drop about 25.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	216.6M	239.6M	275.6M	289.4M
Total Revenue	310.5M	335.7M	315.8M	331.6M

Gross Profit Total Revenue

Canacol Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Current Deferred Revenue	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Non Currrent Assets Other	Short Long Term Debt Total
Total Assets		0.8	0.66	0.98	0.9	0.32	0.26	0.98	0.26	0.79	-0.18	0.92	-0.06	0.96	0.88	0.42	-0.02	0.37	0.15	0.83	0.78	0.84	-0.25	-0.05	0.72	0.94
Total Current Liabilities	0.8		0.54	0.71	0.66	0.47	0.35	0.75	0.35	0.51	-0.07	0.63	-0.25	0.76	0.74	0.51	0.31	0.15	0.44	0.88	0.72	0.76	-0.09	0.01	0.55	0.72
Total Stockholder Equity	0.66	0.54		0.61	0.33	-0.16	0.33	0.64	0.34	0.35	0.1	0.35	0.18	0.41	0.38	0.35	0.33	-0.2	0.26	0.56	0.6	0.37	0.08	0.08	0.52	0.39
Property Plant And Equipment Net	0.98	0.71	0.61		0.91	0.35	0.22	0.97	0.21	0.84	-0.26	0.94	-0.02	0.95	0.87	0.37	-0.09	0.49	0.13	0.74	0.7	0.82	-0.2	-0.12	0.64	0.94
Net Debt	0.9	0.66	0.33	0.91		0.49	-0.03	0.93	-0.03	0.78	-0.28	0.98	-0.14	0.97	0.9	0.19	-0.3	0.59	-0.06	0.74	0.74	0.82	-0.33	-0.09	0.72	0.98
Retained Earnings	0.32	0.47	-0.16	0.35	0.49		-0.07	0.36	-0.14	0.1	-0.7	0.42	-0.3	0.46	0.56	-0.13	-0.12	0.34	0.11	0.45	0.34	0.55	0.06	-0.64	0.39	0.46
Cash	0.26	0.35	0.33	0.22	-0.03	-0.07		0.12	0.99	0.21	-0.02	0.13	-0.15	0.19	0.19	0.82	0.5	-0.28	0.53	0.25	-0.17	0.29	-0.13	-0.07	-0.09	0.17
Non Current Assets Total	0.98	0.75	0.64	0.97	0.93	0.36	0.12		0.11	0.76	-0.26	0.92	0.0	0.95	0.89	0.26	-0.1	0.42	0.06	0.78	0.84	0.78	-0.26	-0.12	0.76	0.94
Cash And Short Term Investments	0.26	0.35	0.34	0.21	-0.03	-0.14	0.99	0.11		0.22	0.07	0.13	-0.15	0.19	0.17	0.85	0.49	-0.29	0.52	0.25	-0.17	0.27	-0.15	0.03	-0.1	0.17
Common Stock Shares Outstanding	0.79	0.51	0.35	0.84	0.78	0.1	0.21	0.76	0.22		-0.04	0.85	-0.07	0.83	0.63	0.48	-0.18	0.57	0.03	0.53	0.41	0.69	-0.22	0.17	0.27	0.81
Short Term Investments	-0.18	-0.07	0.1	-0.26	-0.28	-0.7	-0.02	-0.26	0.07	-0.04		-0.29	0.03	-0.26	-0.35	0.33	0.19	-0.22	0.11	-0.03	-0.13	-0.24	0.11	0.95	-0.28	-0.28
Non Current Liabilities Total	0.92	0.63	0.35	0.94	0.98	0.42	0.13	0.92	0.13	0.85	-0.29		-0.1	0.98	0.9	0.31	-0.27	0.59	-0.02	0.71	0.65	0.83	-0.38	-0.11	0.65	0.99
Other Stockholder Equity	-0.06	-0.25	0.18	-0.02	-0.14	-0.3	-0.15	0.0	-0.15	-0.07	0.03	-0.1		-0.14	-0.11	-0.27	-0.26	0.24	-0.31	-0.25	0.03	-0.34	0.13	-0.07	0.0	-0.16
Total Liab	0.96	0.76	0.41	0.95	0.97	0.46	0.19	0.95	0.19	0.83	-0.26	0.98	-0.14		0.93	0.37	-0.15	0.53	0.09	0.79	0.71	0.87	-0.34	-0.09	0.67	1.0
Property Plant And Equipment Gross	0.88	0.74	0.38	0.87	0.9	0.56	0.19	0.89	0.17	0.63	-0.35	0.9	-0.11	0.93		0.27	-0.1	0.44	0.06	0.74	0.75	0.76	-0.3	-0.23	0.67	0.93
Total Current Assets	0.42	0.51	0.35	0.37	0.19	-0.13	0.82	0.26	0.85	0.48	0.33	0.31	-0.27	0.37	0.27		0.41	-0.06	0.57	0.47	-0.03	0.49	-0.05	0.35	-0.04	0.35
Short Term Debt	-0.02	0.31	0.33	-0.09	-0.3	-0.12	0.5	-0.1	0.49	-0.18	0.19	-0.27	-0.26	-0.15	-0.1	0.41		-0.42	0.85	0.11	0.02	-0.02	0.17	0.1	-0.21	-0.2
Other Current Liab	0.37	0.15	-0.2	0.49	0.59	0.34	-0.28	0.42	-0.29	0.57	-0.22	0.59	0.24	0.53	0.44	-0.06	-0.42		-0.11	0.12	0.18	0.34	-0.01	-0.03	0.1	0.53
Current Deferred Revenue	0.15	0.44	0.26	0.13	-0.06	0.11	0.53	0.06	0.52	0.03	0.11	-0.02	-0.31	0.09	0.06	0.57	0.85	-0.11		0.29	0.0	0.29	0.1	0.04	-0.11	0.04
Accounts Payable	0.83	0.88	0.56	0.74	0.74	0.45	0.25	0.78	0.25	0.53	-0.03	0.71	-0.25	0.79	0.74	0.47	0.11	0.12	0.29		0.74	0.9	-0.05	0.03	0.74	0.78
Other Assets	0.78	0.72	0.6	0.7	0.74	0.34	-0.17	0.84	-0.17	0.41	-0.13	0.65	0.03	0.71	0.75	-0.03	0.02	0.18	0.0	0.74		0.54	-0.19	-0.05	0.81	0.7
Net Receivables	0.84	0.76	0.37	0.82	0.82	0.55	0.29	0.78	0.27	0.69	-0.24	0.83	-0.34	0.87	0.76	0.49	-0.02	0.34	0.29	0.9	0.54		-0.11	-0.13	0.64	0.87
Inventory	-0.25	-0.09	0.08	-0.2	-0.33	0.06	-0.13	-0.26	-0.15	-0.22	0.11	-0.38	0.13	-0.34	-0.3	-0.05	0.17	-0.01	0.1	-0.05	-0.19	-0.11		0.07	-0.27	-0.36
Other Current Assets	-0.05	0.01	0.08	-0.12	-0.09	-0.64	-0.07	-0.12	0.03	0.17	0.95	-0.11	-0.07	-0.09	-0.23	0.35	0.1	-0.03	0.04	0.03	-0.05	-0.13	0.07		-0.24	-0.11
Non Currrent Assets Other	0.72	0.55	0.52	0.64	0.72	0.39	-0.09	0.76	-0.1	0.27	-0.28	0.65	0.0	0.67	0.67	-0.04	-0.21	0.1	-0.11	0.74	0.81	0.64	-0.27	-0.24		0.69
Short Long Term Debt Total	0.94	0.72	0.39	0.94	0.98	0.46	0.17	0.94	0.17	0.81	-0.28	0.99	-0.16	1.0	0.93	0.35	-0.2	0.53	0.04	0.78	0.7	0.87	-0.36	-0.11	0.69

Click cells to compare fundamentals

Canacol Energy Account Relationship Matchups

Canacol Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	754.1M	749.8M	843.8M	1.0B	1.2B	1.3B
Total Current Liabilities	97.8M	92.6M	77.1M	193.4M	164.9M	173.1M
Total Stockholder Equity	242.7M	207.4M	185.1M	291.9M	351.7M	369.3M
Property Plant And Equipment Net	560.0M	587.6M	601.0M	673.9M	794.4M	834.1M
Net Debt	327.4M	321.8M	374.0M	453.7M	637.0M	668.9M
Retained Earnings	4.9M	(27.8M)	(41.9M)	78.4M	138.1M	145.0M
Cash	41.2M	68.3M	138.5M	58.5M	39.4M	40.2M
Non Current Assets Total	620.8M	596.3M	625.4M	880.3M	1.1B	1.1B
Cash And Short Term Investments	41.2M	68.6M	138.5M	60.8M	39.4M	41.6M
Common Stock Shares Outstanding	36.1M	36.1M	35.6M	34.1M	34.1M	35.8M
Short Term Investments	16.6M	1.5M	1.2M	289K	0.0	2.3M
Liabilities And Stockholders Equity	754.1M	749.8M	843.8M	1.0B	1.2B	1.3B
Non Current Liabilities Total	413.5M	449.8M	581.6M	529.5M	716.9M	752.7M
Other Stockholder Equity	68.4M	66.6M	67.2M	67.4M	77.6M	93.9M
Total Liab	511.3M	542.4M	658.6M	722.9M	881.8M	925.8M
Property Plant And Equipment Gross	560.0M	587.6M	1.3B	1.4B	1.5B	1.6B
Total Current Assets	133.3M	153.5M	218.4M	134.6M	151.6M	83.8M
Accumulated Other Comprehensive Income	68.4M	66.6M	67.2M	67.4M	67.5M	70.8M
Short Term Debt	12.9M	11.9M	6.8M	36.2M	3.2M	3.1M
Other Current Liab	26.3M	22.6M	14.4M	19.9M	14.9M	15.6M
Current Deferred Revenue	6.0M	12.7M	5.2M	11.2M	6.6M	4.4M
Accounts Payable	52.6M	45.2M	52.4M	62.3M	107.9M	113.3M
Other Assets	60.2M	6.3M	14.1M	197.2M	226.8M	238.2M
Net Receivables	67.4M	81.3M	76.9M	54.4M	107.9M	113.3M
Inventory	8.0M	328K	360K	300K	390K	370.5K
Other Current Assets	22.5M	3.3M	2.5M	19.1M	4.0M	3.8M
Non Currrent Assets Other	3.3M	2.9M	9.3M	21.0M	270.1M	283.6M
Short Long Term Debt Total	368.7M	390.1M	512.6M	512.2M	676.4M	710.3M
Common Stock	169.5M	168.6M	159.8M	146.1M	131.5M	125.0M
Common Stock Total Equity	707.1M	159.1M	169.5M	168.6M	151.7M	144.1M
Other Liab	57.7M	71.7M	75.8M	53.5M	61.6M	66.5M
Net Tangible Assets	242.7M	207.4M	185.1M	291.9M	262.7M	223.4M
Long Term Debt	333.4M	359.9M	492.0M	463.2M	663M	385.6M
Long Term Investments	655K	2.4M	10.4M	9.1M	17.3M	9.3M
Property Plant Equipment	560.0M	587.6M	601.0M	673.9M	775.0M	585.0M
Long Term Debt Total	355.8M	378.1M	505.8M	476.0M	547.4M	399.3M
Capital Lease Obligations	27.1M	22.9M	18.1M	15.7M	13.4M	18.7M
Non Current Liabilities Other	16.8M	16.9M	4.1M	4.9M	6.4M	9.6M

Pair Trading with Canacol 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 Canacol 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 Canacol Energy will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Canacol 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 Canacol 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 Canacol 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 Canacol Energy to buy it.

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

Pair Correlation Correlation Matching

Other Information on Investing in Canacol Stock

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

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Canacol Price To Sales Ratio vs Dividend Yield Analysis

Price To Sales Ratio vs Dividend Yield

Price To Sales Ratio vs Dividend Yield Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Dividend Yield

Canacol Energy fundamental ratios Correlations

Canacol Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canacol Energy fundamental ratios Accounts

Pair Trading with Canacol Energy

Other Information on Investing in Canacol Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Liab
Cash And Short Term Investments	+ 0.99	Cash
Short Long Term Debt Total	+ 0.99	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Net Debt

Short Term Investments	- 0.7	Retained Earnings
Other Current Assets	- 0.64	Retained Earnings
Other Current Liab	- 0.42	Short Term Debt
Inventory	- 0.38	Non Current Liabilities Total
Short Long Term Debt Total	- 0.36	Inventory
Property Plant And Equipment Gross	- 0.35	Short Term Investments