Capital Book Value Per Share vs Free Cash Flow Yield Analysis

CPX Stock

CAD 62.28 0.24 0.39%

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

Book Value Per Share vs Free Cash Flow Yield

Book Value Per Share vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Capital Power Book Value Per Share account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Capital Power's Book Value Per Share and Free Cash Flow Yield is -0.37. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Capital Power, assuming nothing else is changed. The correlation between historical values of Capital Power's Book Value Per Share 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 Book Value Per Share of Capital Power 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 Book Value Per Share i.e., Capital Power's Book Value Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

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 Capital Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Capital Power 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 Capital Power. 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, Capital Power's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Issuance Of Capital Stock is likely to grow to about 418.9 M, while Selling General Administrative is likely to drop about 270.8 M.

	2021	2023	2024 (projected)
Interest Expense	140M	163M	126.5M
Depreciation And Amortization	544M	574M	333.9M

Interest Expense Depreciation And Amortization

Capital Power fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.95	0.77	0.82	0.61	0.96	0.74	0.91	-0.88	0.0	0.58	0.98	-0.21	0.57	0.75	-0.24	0.84	0.97	0.87	0.62	-0.27	0.98	0.95	0.71	0.4	0.94
Short Long Term Debt Total	0.95		0.72	0.81	0.39	0.9	0.74	0.97	-0.78	0.26	0.61	0.91	-0.34	0.6	0.81	0.03	0.73	0.97	0.8	0.69	-0.1	0.97	0.9	0.74	0.36	0.88
Other Current Liab	0.77	0.72		0.92	0.22	0.73	0.65	0.71	-0.84	0.07	0.67	0.73	-0.43	0.67	0.81	-0.13	0.68	0.75	0.8	0.73	0.0	0.8	0.83	0.83	0.03	0.71
Total Current Liabilities	0.82	0.81	0.92		0.33	0.77	0.59	0.79	-0.78	0.14	0.78	0.79	-0.43	0.77	0.74	-0.06	0.71	0.78	0.9	0.7	-0.15	0.83	0.8	0.9	0.36	0.76
Total Stockholder Equity	0.61	0.39	0.22	0.33		0.61	0.18	0.34	-0.49	-0.62	0.25	0.67	0.23	0.24	0.02	-0.74	0.66	0.46	0.58	-0.05	-0.75	0.46	0.49	0.25	0.63	0.61
Property Plant And Equipment Net	0.96	0.9	0.73	0.77	0.61		0.72	0.89	-0.91	-0.14	0.51	0.98	-0.3	0.51	0.63	-0.33	0.82	0.92	0.84	0.6	-0.21	0.93	0.94	0.63	0.41	0.99
Current Deferred Revenue	0.74	0.74	0.65	0.59	0.18	0.72		0.83	-0.84	0.28	0.25	0.75	0.0	0.24	0.75	0.17	0.62	0.84	0.57	0.57	0.01	0.81	0.72	0.46	-0.1	0.71
Net Debt	0.91	0.97	0.71	0.79	0.34	0.89	0.83		-0.82	0.27	0.49	0.9	-0.25	0.48	0.8	0.09	0.7	0.95	0.76	0.66	-0.13	0.95	0.85	0.66	0.32	0.89
Retained Earnings	-0.88	-0.78	-0.84	-0.78	-0.49	-0.91	-0.84	-0.82		0.12	-0.44	-0.91	0.2	-0.43	-0.69	0.28	-0.79	-0.88	-0.79	-0.6	0.18	-0.88	-0.9	-0.62	-0.12	-0.91
Accounts Payable	0.0	0.26	0.07	0.14	-0.62	-0.14	0.28	0.27	0.12		0.13	-0.1	-0.08	0.13	0.47	0.93	-0.16	0.17	-0.09	0.29	0.42	0.17	-0.01	0.2	-0.26	-0.18
Cash	0.58	0.61	0.67	0.78	0.25	0.51	0.25	0.49	-0.44	0.13		0.51	-0.62	1.0	0.43	-0.06	0.49	0.54	0.83	0.43	0.01	0.55	0.58	0.96	0.27	0.46
Non Current Assets Total	0.98	0.91	0.73	0.79	0.67	0.98	0.75	0.9	-0.91	-0.1	0.51		-0.14	0.5	0.67	-0.3	0.86	0.95	0.86	0.56	-0.35	0.95	0.92	0.65	0.42	0.96
Non Currrent Assets Other	-0.21	-0.34	-0.43	-0.43	0.23	-0.3	0.0	-0.25	0.2	-0.08	-0.62	-0.14		-0.64	-0.23	-0.01	-0.1	-0.2	-0.36	-0.47	-0.56	-0.23	-0.36	-0.55	-0.02	-0.29
Cash And Short Term Investments	0.57	0.6	0.67	0.77	0.24	0.51	0.24	0.48	-0.43	0.13	1.0	0.5	-0.64		0.43	-0.06	0.49	0.53	0.82	0.43	0.03	0.54	0.57	0.95	0.26	0.45
Net Receivables	0.75	0.81	0.81	0.74	0.02	0.63	0.75	0.8	-0.69	0.47	0.43	0.67	-0.23	0.43		0.24	0.52	0.81	0.58	0.76	0.1	0.84	0.75	0.65	-0.07	0.6
Good Will	-0.24	0.03	-0.13	-0.06	-0.74	-0.33	0.17	0.09	0.28	0.93	-0.06	-0.3	-0.01	-0.06	0.24		-0.31	-0.05	-0.28	0.13	0.48	-0.06	-0.25	-0.01	-0.33	-0.35
Common Stock Shares Outstanding	0.84	0.73	0.68	0.71	0.66	0.82	0.62	0.7	-0.79	-0.16	0.49	0.86	-0.1	0.49	0.52	-0.31		0.79	0.78	0.38	-0.25	0.8	0.81	0.59	0.36	0.8
Non Current Liabilities Total	0.97	0.97	0.75	0.78	0.46	0.92	0.84	0.95	-0.88	0.17	0.54	0.95	-0.2	0.53	0.81	-0.05	0.79		0.81	0.64	-0.14	0.99	0.93	0.7	0.23	0.89
Inventory	0.87	0.8	0.8	0.9	0.58	0.84	0.57	0.76	-0.79	-0.09	0.83	0.86	-0.36	0.82	0.58	-0.28	0.78	0.81		0.53	-0.28	0.82	0.81	0.9	0.43	0.81
Other Current Assets	0.62	0.69	0.73	0.7	-0.05	0.6	0.57	0.66	-0.6	0.29	0.43	0.56	-0.47	0.43	0.76	0.13	0.38	0.64	0.53		0.28	0.69	0.71	0.59	0.09	0.58
Other Stockholder Equity	-0.27	-0.1	0.0	-0.15	-0.75	-0.21	0.01	-0.13	0.18	0.42	0.01	-0.35	-0.56	0.03	0.1	0.48	-0.25	-0.14	-0.28	0.28		-0.16	-0.1	-0.02	-0.57	-0.26
Total Liab	0.98	0.97	0.8	0.83	0.46	0.93	0.81	0.95	-0.88	0.17	0.55	0.95	-0.23	0.54	0.84	-0.06	0.8	0.99	0.82	0.69	-0.16		0.95	0.72	0.29	0.9
Property Plant And Equipment Gross	0.95	0.9	0.83	0.8	0.49	0.94	0.72	0.85	-0.9	-0.01	0.58	0.92	-0.36	0.57	0.75	-0.25	0.81	0.93	0.81	0.71	-0.1	0.95		0.7	0.25	0.91
Total Current Assets	0.71	0.74	0.83	0.9	0.25	0.63	0.46	0.66	-0.62	0.2	0.96	0.65	-0.55	0.95	0.65	-0.01	0.59	0.7	0.9	0.59	-0.02	0.72	0.7		0.22	0.59
Short Term Debt	0.4	0.36	0.03	0.36	0.63	0.41	-0.1	0.32	-0.12	-0.26	0.27	0.42	-0.02	0.26	-0.07	-0.33	0.36	0.23	0.43	0.09	-0.57	0.29	0.25	0.22		0.45
Intangible Assets	0.94	0.88	0.71	0.76	0.61	0.99	0.71	0.89	-0.91	-0.18	0.46	0.96	-0.29	0.45	0.6	-0.35	0.8	0.89	0.81	0.58	-0.26	0.9	0.91	0.59	0.45

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Capital Power Account Relationship Matchups

Capital Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.6B	8.9B	9.1B	10.1B	11.2B	7.4B
Short Long Term Debt Total	3.5B	3.7B	3.5B	3.9B	4.9B	2.8B
Other Current Liab	435M	521M	850M	1.8B	1.2B	1.3B
Total Current Liabilities	1.4B	1.2B	1.2B	2.2B	2.0B	2.1B
Total Stockholder Equity	3.1B	2.9B	2.8B	2.5B	3.2B	2.4B
Property Plant And Equipment Net	6.2B	6.2B	6.3B	6.5B	6.7B	4.9B
Current Deferred Revenue	60M	135M	153M	158M	71M	66.5M
Net Debt	3.3B	3.4B	3.1B	3.6B	3.5B	2.6B
Retained Earnings	(347M)	(474M)	(671M)	(835M)	(404M)	(383.8M)
Accounts Payable	63M	78M	69M	117M	183M	94.9M
Cash	226M	343M	370M	290M	1.4B	1.5B
Non Current Assets Total	7.8B	7.8B	7.9B	8.4B	8.5B	6.5B
Non Currrent Assets Other	627M	601M	618M	688M	110M	104.5M
Cash And Short Term Investments	226M	343M	370M	290M	1.4B	1.5B
Net Receivables	293M	463M	432M	910M	707M	386.6M
Common Stock Shares Outstanding	105.0M	105.9M	112.8M	117.2M	117.5M	104.0M
Liabilities And Stockholders Equity	8.6B	8.9B	9.1B	10.1B	11.2B	7.4B
Non Current Liabilities Total	4.1B	4.8B	5.0B	5.5B	5.9B	3.5B
Inventory	203M	220M	217M	242M	309M	324.5M
Other Current Assets	87M	107M	150M	227M	193M	112.5M
Other Stockholder Equity	(953M)	(91M)	(119M)	(209M)	(188.1M)	(197.5M)
Total Liab	5.5B	6.0B	6.2B	7.7B	8.0B	4.5B
Property Plant And Equipment Gross	6.2B	6.2B	8.5B	9B	9.7B	5.4B
Total Current Assets	868M	1.2B	1.2B	1.7B	2.6B	2.8B
Accumulated Other Comprehensive Income	(30M)	(91M)	(119M)	(209M)	70M	73.5M
Short Term Debt	863M	423M	132M	140M	597M	327.9M
Intangible Assets	760M	738M	749M	782M	740M	505.6M
Common Stock Total Equity	3.3B	3.2B	3.4B	3.5B	4.0B	3.1B
Common Stock	3.4B	2.5B	2.9B	2.9B	2.9B	3.1B
Other Liab	1.4B	1.5B	1.6B	1.7B	2.0B	1.3B
Net Tangible Assets	1.3B	1.2B	1.3B	1.0B	930.6M	1.2B
Other Assets	640M	617M	625M	364M	327.6M	605.9M
Long Term Debt	2.6B	3.1B	3.2B	3.6B	4.1B	2.5B
Long Term Investments	132M	134M	145M	437M	455M	477.8M
Short Long Term Debt	857M	417M	126M	133M	590M	399.2M
Property Plant Equipment	6.2B	6.2B	6.3B	6.5B	7.5B	5.5B
Long Term Debt Total	2.7B	3.3B	3.4B	3.7B	4.3B	2.7B
Capital Lease Obligations	105M	143M	137M	146M	147M	100.9M

Pair Trading with Capital Power

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 Capital Power 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 Capital Power will appreciate offsetting losses from the drop in the long position's value.

Moving against Capital Stock

0.37

KDA

KDA Group

Pair Corr

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

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

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

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Capital Book Value Per Share vs Free Cash Flow Yield Analysis

Book Value Per Share vs Free Cash Flow Yield

Book Value Per Share vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Book Value Per Share

Free Cash Flow Yield

Capital Power fundamental ratios Correlations

Capital Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Capital Power fundamental ratios Accounts

Pair Trading with Capital Power

Moving against Capital Stock

Other Information on Investing in Capital Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Intangible Assets	- 0.91	Retained Earnings
Non Current Assets Total	- 0.91	Retained Earnings
Retained Earnings	- 0.91	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.9	Retained Earnings
Total Liab	- 0.88	Retained Earnings
Non Current Liabilities Total	- 0.88	Retained Earnings