National Free Cash Flow vs Free Cash Flow Yield Analysis

NESR Stock

USD 8.24 0.08 0.96%

National Energy financial indicator trend analysis is infinitely more than just investigating National Energy Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Energy Services is a good investment. Please check the relationship between National Energy Free Cash Flow and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Free Cash Flow vs Free Cash Flow Yield

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 National Energy Services Free Cash Flow account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost identical trend.

The correlation between National Energy's Free Cash Flow and Free Cash Flow Yield is 0.93. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of National Energy Services, assuming nothing else is changed. The correlation between historical values of National Energy's 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 Free Cash Flow of National Energy Services 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 Free Cash Flow i.e., National Energy's Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Free Cash Flow

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

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 National Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Energy Services 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, National Energy's Selling General Administrative is relatively stable compared to the past year. As of 12/22/2024, Enterprise Value is likely to grow to about 1.7 B, while Tax Provision is likely to drop slightly above 10.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	15.2M	34.1M	45.8M	48.1M
Depreciation And Amortization	122.1M	142.2M	163.6M	104.7M

Interest Expense Depreciation And Amortization

National Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Warrants	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Retained Earnings Total Equity	Non Current Liabilities Total	Other Current Assets	Total Liab	Deferred Long Term Liab	Net Invested Capital	Long Term Investments	Short Long Term Debt	Preferred Stock Total Equity
Common Stock Shares Outstanding		0.21	0.14	0.27	-0.29	0.11	-0.04	0.24	0.21	0.07	0.05	0.04	0.24	-0.3	-0.28	0.04	0.27	0.02	0.17	0.33	0.16	-0.04	0.23	-0.04	0.21	-0.04
Total Assets	0.21		0.96	0.98	-0.98	0.97	-0.4	0.59	0.99	-0.08	0.87	0.83	1.0	-0.97	-0.99	0.82	0.99	0.43	0.99	0.72	0.99	-0.4	1.0	-0.4	0.95	-0.4
Total Current Liabilities	0.14	0.96		0.89	-0.91	0.96	-0.43	0.41	0.98	-0.27	0.96	0.79	0.95	-0.86	-0.92	0.79	0.93	0.53	0.95	0.56	0.99	-0.43	0.94	-0.43	0.99	-0.43
Total Stockholder Equity	0.27	0.98	0.89		-0.99	0.93	-0.37	0.73	0.96	0.09	0.75	0.76	0.99	-0.99	-1.0	0.76	0.99	0.37	0.95	0.8	0.93	-0.37	0.99	-0.37	0.9	-0.37
Other Liab	-0.29	-0.98	-0.91	-0.99		-0.94	0.38	-0.67	-0.97	-0.01	-0.79	-0.76	-0.99	0.99	1.0	-0.76	-1.0	-0.41	-0.96	-0.81	-0.95	0.38	-0.99	0.38	-0.92	0.38
Net Tangible Assets	0.11	0.97	0.96	0.93	-0.94		-0.34	0.57	0.97	-0.06	0.89	0.81	0.96	-0.91	-0.94	0.82	0.96	0.48	0.96	0.66	0.98	-0.34	0.96	-0.34	0.93	-0.34
Warrants	-0.04	-0.4	-0.43	-0.37	0.38	-0.34		0.07	-0.4	0.45	-0.42	-0.24	-0.4	0.32	0.4	-0.26	-0.37	-0.8	-0.37	-0.17	-0.4	1.0	-0.37	1.0	-0.41	1.0
Current Deferred Revenue	0.24	0.59	0.41	0.73	-0.67	0.57	0.07		0.53	0.73	0.16	0.33	0.62	-0.74	-0.66	0.33	0.65	-0.07	0.53	0.78	0.48	0.07	0.64	0.07	0.42	0.07
Net Debt	0.21	0.99	0.98	0.96	-0.97	0.97	-0.4	0.53		-0.16	0.9	0.81	0.99	-0.94	-0.98	0.8	0.98	0.45	0.98	0.7	0.99	-0.4	0.98	-0.4	0.98	-0.4
Retained Earnings	0.07	-0.08	-0.27	0.09	-0.01	-0.06	0.45	0.73	-0.16		-0.47	-0.16	-0.06	-0.12	0.0	-0.15	-0.01	-0.46	-0.13	0.27	-0.2	0.45	-0.02	0.45	-0.27	0.45
Accounts Payable	0.05	0.87	0.96	0.75	-0.79	0.89	-0.42	0.16	0.9	-0.47		0.8	0.85	-0.72	-0.8	0.79	0.82	0.56	0.89	0.37	0.94	-0.42	0.83	-0.42	0.93	-0.42
Cash	0.04	0.83	0.79	0.76	-0.76	0.81	-0.24	0.33	0.81	-0.16	0.8		0.79	-0.77	-0.77	1.0	0.76	0.22	0.89	0.44	0.85	-0.24	0.82	-0.24	0.72	-0.24
Non Current Assets Total	0.24	1.0	0.95	0.99	-0.99	0.96	-0.4	0.62	0.99	-0.06	0.85	0.79		-0.97	-0.99	0.79	0.99	0.43	0.98	0.75	0.98	-0.4	1.0	-0.4	0.95	-0.4
Non Currrent Assets Other	-0.3	-0.97	-0.86	-0.99	0.99	-0.91	0.32	-0.74	-0.94	-0.12	-0.72	-0.77	-0.97		0.99	-0.77	-0.98	-0.31	-0.95	-0.83	-0.92	0.32	-0.98	0.32	-0.87	0.32
Other Assets	-0.28	-0.99	-0.92	-1.0	1.0	-0.94	0.4	-0.66	-0.98	0.0	-0.8	-0.77	-0.99	0.99		-0.77	-0.99	-0.4	-0.97	-0.8	-0.95	0.4	-1.0	0.4	-0.93	0.4
Cash And Short Term Investments	0.04	0.82	0.79	0.76	-0.76	0.82	-0.26	0.33	0.8	-0.15	0.79	1.0	0.79	-0.77	-0.77		0.76	0.26	0.89	0.44	0.85	-0.26	0.82	-0.26	0.71	-0.26
Common Stock Total Equity	0.27	0.99	0.93	0.99	-1.0	0.96	-0.37	0.65	0.98	-0.01	0.82	0.76	0.99	-0.98	-0.99	0.76		0.45	0.96	0.79	0.96	-0.37	0.99	-0.37	0.94	-0.37
Retained Earnings Total Equity	0.02	0.43	0.53	0.37	-0.41	0.48	-0.8	-0.07	0.45	-0.46	0.56	0.22	0.43	-0.31	-0.4	0.26	0.45		0.39	0.19	0.47	-0.8	0.38	-0.8	0.49	-0.8
Non Current Liabilities Total	0.17	0.99	0.95	0.95	-0.96	0.96	-0.37	0.53	0.98	-0.13	0.89	0.89	0.98	-0.95	-0.97	0.89	0.96	0.39		0.69	0.99	-0.37	0.98	-0.37	0.93	-0.37
Other Current Assets	0.33	0.72	0.56	0.8	-0.81	0.66	-0.17	0.78	0.7	0.27	0.37	0.44	0.75	-0.83	-0.8	0.44	0.79	0.19	0.69		0.63	-0.17	0.76	-0.17	0.6	-0.17
Total Liab	0.16	0.99	0.99	0.93	-0.95	0.98	-0.4	0.48	0.99	-0.2	0.94	0.85	0.98	-0.92	-0.95	0.85	0.96	0.47	0.99	0.63		-0.4	0.97	-0.4	0.97	-0.4
Deferred Long Term Liab	-0.04	-0.4	-0.43	-0.37	0.38	-0.34	1.0	0.07	-0.4	0.45	-0.42	-0.24	-0.4	0.32	0.4	-0.26	-0.37	-0.8	-0.37	-0.17	-0.4		-0.37	1.0	-0.41	1.0
Net Invested Capital	0.23	1.0	0.94	0.99	-0.99	0.96	-0.37	0.64	0.98	-0.02	0.83	0.82	1.0	-0.98	-1.0	0.82	0.99	0.38	0.98	0.76	0.97	-0.37		-0.37	0.93	-0.37
Long Term Investments	-0.04	-0.4	-0.43	-0.37	0.38	-0.34	1.0	0.07	-0.4	0.45	-0.42	-0.24	-0.4	0.32	0.4	-0.26	-0.37	-0.8	-0.37	-0.17	-0.4	1.0	-0.37		-0.41	1.0
Short Long Term Debt	0.21	0.95	0.99	0.9	-0.92	0.93	-0.41	0.42	0.98	-0.27	0.93	0.72	0.95	-0.87	-0.93	0.71	0.94	0.49	0.93	0.6	0.97	-0.41	0.93	-0.41		-0.41
Preferred Stock Total Equity	-0.04	-0.4	-0.43	-0.37	0.38	-0.34	1.0	0.07	-0.4	0.45	-0.42	-0.24	-0.4	0.32	0.4	-0.26	-0.37	-0.8	-0.37	-0.17	-0.4	1.0	-0.37	1.0	-0.41

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National Energy Account Relationship Matchups

National Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	87.0M	89.1M	91.0M	94.0M	94.7M	119.7M
Total Assets	1.5B	1.7B	1.8B	1.8B	1.8B	1.6B
Other Current Liab	25.6M	104.2M	17.8M	26.2M	31.1M	36.0M
Total Current Liabilities	228.1M	359.4M	431.9M	544.1M	533.4M	365.1M
Total Stockholder Equity	886.5M	944.4M	821.0M	802.3M	821.5M	836.9M
Current Deferred Revenue	83.9M	94.5M	12.4M	14.9M	13.4M	12.7M
Net Debt	310.3M	323.5M	390.1M	456.2M	416.9M	341.5M
Retained Earnings	67.7M	117.7M	(35.8M)	(75.0M)	(62.4M)	(59.3M)
Accounts Payable	65.7M	144.6M	314.6M	353.5M	351.2M	204.2M
Cash	73.2M	75.0M	205.8M	78.9M	67.8M	82.7M
Non Current Assets Total	1.1B	1.2B	1.2B	1.3B	1.3B	1.1B
Non Currrent Assets Other	2.4M	2.8M	11.7M	51.5M	52.3M	40.9M
Long Term Debt	330.6M	319.7M	508.8M	391.9M	331.6M	331.2M
Cash And Short Term Investments	73.2M	75.0M	205.8M	67.8M	78.0M	82.0M
Good Will	570.5M	574.8M	620.9M	645.1M	741.9M	581.7M
Liabilities And Stockholders Equity	1.5B	1.7B	1.8B	1.8B	2.1B	1.5B
Non Current Liabilities Total	407.8M	383.3M	578.4M	481.9M	442.8M	407.4M
Inventory	78.8M	94.3M	93.9M	110.5M	98.4M	83.9M
Other Current Assets	52.4M	15.4M	12.5M	16.7M	20.0M	17.4M
Total Liab	635.9M	742.6M	1.0B	1.0B	976.2M	772.5M
Net Invested Capital	1.3B	1.3B	1.4B	1.3B	1.3B	1.3B
Short Long Term Debt	53.0M	80.1M	87.1M	143.2M	120.6M	88.2M
Total Current Assets	403.2M	515.2M	627.4M	537.8M	541.7M	459.8M
Accumulated Other Comprehensive Income	48K	29K	64K	69K	79.4K	51.2K
Non Current Liabilities Other	34.2M	37.9M	37.2M	40.6M	57.2M	46.3M
Net Working Capital	175.1M	152.3M	195.5M	(6.3M)	8.3M	7.9M
Short Term Debt	53.0M	89.9M	87.1M	128.0M	147.2M	79.7M
Intangible Assets	122.7M	110.4M	121.6M	102.9M	84.3M	106.9M
Common Stock	818.8M	826.6M	856.8M	883.9M	1.0B	808.4M
Short Long Term Debt Total	383.5M	398.5M	595.8M	484.7M	557.5M	476.2M
Property Plant And Equipment Net	419.3M	437.7M	425.5M	491.0M	474.3M	472.4M
Net Receivables	189.2M	330.5M	315.3M	148.7M	355.5M	277.5M
Property Plant And Equipment Gross	419.3M	458.5M	659.1M	814.4M	895.1M	655.4M

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

Moving against National Stock

0.68	EFXT	Enerflex	Pair Corr
0.65	KGS	Kodiak Gas Services,	Pair Corr
0.64	TS	Tenaris SA ADR	Pair Corr
0.61	NGS	Natural Gas Services	Pair Corr
0.6	BKR	Baker Hughes Fiscal Year End 28th of January 2025	Pair Corr

The ability to find closely correlated positions to National 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 National 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 National 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 National Energy Services to buy it.

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

Additional Tools for National Stock Analysis

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

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