National Free Cash Flow vs Capital Expenditures Analysis

NFG Stock

USD 60.37 0.44 0.73%

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

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Fuel Gas Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between National Fuel's Free Cash Flow and Capital Expenditures is -0.57. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of National Fuel Gas, assuming nothing else is changed. The correlation between historical values of National Fuel's Free Cash Flow and Capital Expenditures 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 Fuel Gas are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., National Fuel's Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

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.

Capital Expenditures

Capital Expenditures are funds used by National Fuel Gas to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of National Fuel operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from National Fuel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Fuel Gas 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 Fuel Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

At this time, National Fuel's Enterprise Value Multiple is most likely to increase in the upcoming years. The National Fuel's current Enterprise Value is estimated to increase to about 8.7 B, while Discontinued Operations is projected to decrease to roughly 5.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	903.0M	847.8M	817.7M	679.7M
Total Revenue	2.2B	2.2B	1.9B	1.7B

Gross Profit Total Revenue

National Fuel fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.92	0.85	0.44	0.4	0.74	0.88	-0.82	0.83	0.68	0.73	0.07	0.9	-0.04	0.07	0.39	0.97	0.93	0.43	0.62	0.01	0.92	0.48	0.43	0.17	0.99
Total Assets	0.92		0.87	0.55	0.53	0.86	0.99	-0.62	0.9	0.82	0.79	-0.08	0.99	0.07	-0.08	0.44	0.93	0.92	0.45	0.63	0.26	0.97	0.51	0.33	0.19	0.91
Short Long Term Debt Total	0.85	0.87		0.55	0.5	0.57	0.85	-0.59	0.96	0.47	0.81	0.12	0.85	-0.27	0.12	0.43	0.86	0.88	0.44	0.61	0.43	0.92	0.41	0.45	0.12	0.85
Other Current Liab	0.44	0.55	0.55		0.93	0.22	0.55	-0.03	0.65	0.42	0.58	-0.22	0.52	-0.28	-0.22	0.89	0.38	0.34	0.89	0.8	0.59	0.65	0.21	0.44	0.37	0.39
Total Current Liabilities	0.4	0.53	0.5	0.93		0.26	0.52	0.07	0.57	0.46	0.59	-0.13	0.49	-0.21	-0.13	0.84	0.39	0.25	0.86	0.78	0.56	0.61	0.31	0.49	0.64	0.35
Total Stockholder Equity	0.74	0.86	0.57	0.22	0.26		0.88	-0.45	0.64	0.94	0.56	-0.18	0.88	0.39	-0.18	0.14	0.78	0.74	0.14	0.39	0.12	0.71	0.62	0.03	0.17	0.72
Property Plant And Equipment Net	0.88	0.99	0.85	0.55	0.52	0.88		-0.55	0.91	0.85	0.76	-0.17	1.0	0.12	-0.17	0.43	0.9	0.9	0.43	0.63	0.34	0.95	0.55	0.23	0.16	0.86
Current Deferred Revenue	-0.82	-0.62	-0.59	-0.03	0.07	-0.45	-0.55		-0.51	-0.33	-0.47	-0.17	-0.6	0.03	-0.17	-0.05	-0.78	-0.81	-0.07	-0.28	0.42	-0.64	-0.16	-0.3	0.18	-0.86
Net Debt	0.83	0.9	0.96	0.65	0.57	0.64	0.91	-0.51		0.58	0.78	-0.13	0.9	-0.12	-0.13	0.51	0.85	0.86	0.52	0.68	0.53	0.94	0.47	0.28	0.13	0.82
Retained Earnings	0.68	0.82	0.47	0.42	0.46	0.94	0.85	-0.33	0.58		0.56	-0.29	0.84	0.38	-0.29	0.36	0.69	0.62	0.36	0.53	0.13	0.69	0.56	0.1	0.27	0.64
Accounts Payable	0.73	0.79	0.81	0.58	0.59	0.56	0.76	-0.47	0.78	0.56		-0.03	0.76	-0.01	-0.03	0.51	0.72	0.72	0.49	0.7	0.29	0.82	0.43	0.48	0.28	0.71
Cash	0.07	-0.08	0.12	-0.22	-0.13	-0.18	-0.17	-0.17	-0.13	-0.29	-0.03		-0.15	-0.59	1.0	-0.21	0.05	0.04	-0.2	-0.22	-0.26	-0.02	-0.24	0.67	-0.01	0.08
Non Current Assets Total	0.9	0.99	0.85	0.52	0.49	0.88	1.0	-0.6	0.9	0.84	0.76	-0.15		0.14	-0.15	0.4	0.93	0.92	0.41	0.61	0.27	0.95	0.53	0.23	0.16	0.89
Non Currrent Assets Other	-0.04	0.07	-0.27	-0.28	-0.21	0.39	0.12	0.03	-0.12	0.38	-0.01	-0.59	0.14		-0.59	-0.37	0.01	0.0	-0.31	-0.15	-0.19	-0.08	0.43	-0.6	0.12	-0.05
Cash And Short Term Investments	0.07	-0.08	0.12	-0.22	-0.13	-0.18	-0.17	-0.17	-0.13	-0.29	-0.03	1.0	-0.15	-0.59		-0.21	0.05	0.04	-0.2	-0.22	-0.26	-0.02	-0.24	0.67	-0.01	0.08
Net Receivables	0.39	0.44	0.43	0.89	0.84	0.14	0.43	-0.05	0.51	0.36	0.51	-0.21	0.4	-0.37	-0.21		0.3	0.25	0.95	0.7	0.41	0.54	0.09	0.51	0.37	0.36
Common Stock Total Equity	0.97	0.93	0.86	0.38	0.39	0.78	0.9	-0.78	0.85	0.69	0.72	0.05	0.93	0.01	0.05	0.3		0.93	0.35	0.55	0.07	0.92	0.5	0.34	0.2	0.97
Non Current Liabilities Total	0.93	0.92	0.88	0.34	0.25	0.74	0.9	-0.81	0.86	0.62	0.72	0.04	0.92	0.0	0.04	0.25	0.93		0.26	0.46	0.09	0.92	0.34	0.3	-0.1	0.94
Inventory	0.43	0.45	0.44	0.89	0.86	0.14	0.43	-0.07	0.52	0.36	0.49	-0.2	0.41	-0.31	-0.2	0.95	0.35	0.26		0.76	0.39	0.55	0.17	0.53	0.47	0.39
Other Current Assets	0.62	0.63	0.61	0.8	0.78	0.39	0.63	-0.28	0.68	0.53	0.7	-0.22	0.61	-0.15	-0.22	0.7	0.55	0.46	0.76		0.37	0.69	0.42	0.43	0.41	0.55
Other Stockholder Equity	0.01	0.26	0.43	0.59	0.56	0.12	0.34	0.42	0.53	0.13	0.29	-0.26	0.27	-0.19	-0.26	0.41	0.07	0.09	0.39	0.37		0.3	0.31	-0.05	0.19	-0.02
Total Liab	0.92	0.97	0.92	0.65	0.61	0.71	0.95	-0.64	0.94	0.69	0.82	-0.02	0.95	-0.08	-0.02	0.54	0.92	0.92	0.55	0.69	0.3		0.41	0.44	0.18	0.91
Property Plant And Equipment Gross	0.48	0.51	0.41	0.21	0.31	0.62	0.55	-0.16	0.47	0.56	0.43	-0.24	0.53	0.43	-0.24	0.09	0.5	0.34	0.17	0.42	0.31	0.41		-0.02	0.6	0.41
Total Current Assets	0.43	0.33	0.45	0.44	0.49	0.03	0.23	-0.3	0.28	0.1	0.48	0.67	0.23	-0.6	0.67	0.51	0.34	0.3	0.53	0.43	-0.05	0.44	-0.02		0.33	0.42
Short Term Debt	0.17	0.19	0.12	0.37	0.64	0.17	0.16	0.18	0.13	0.27	0.28	-0.01	0.16	0.12	-0.01	0.37	0.2	-0.1	0.47	0.41	0.19	0.18	0.6	0.33		0.1
Common Stock	0.99	0.91	0.85	0.39	0.35	0.72	0.86	-0.86	0.82	0.64	0.71	0.08	0.89	-0.05	0.08	0.36	0.97	0.94	0.39	0.55	-0.02	0.91	0.41	0.42	0.1

Click cells to compare fundamentals

National Fuel Account Relationship Matchups

National Fuel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	88.0M	91.7M	92.1M	92.3M	92.3M	84.7M
Total Assets	7.0B	7.5B	7.9B	8.3B	8.3B	5.4B
Short Long Term Debt Total	2.7B	2.8B	2.7B	2.7B	2.8B	1.8B
Other Current Liab	290.3M	901.9M	1.1B	366.6M	340.1M	208.1M
Total Current Liabilities	459.6M	1.2B	1.9B	806.3M	1.1B	655.1M
Total Stockholder Equity	2.0B	1.8B	2.1B	3.0B	2.8B	1.7B
Property Plant And Equipment Net	6.0B	6.4B	6.6B	7.3B	7.3B	4.3B
Current Deferred Revenue	32.5M	36.5M	50.4M	49.8M	44.8M	39.7M
Net Debt	2.6B	2.8B	2.6B	2.6B	2.7B	1.7B
Retained Earnings	991.6M	1.2B	1.6B	1.9B	1.7B	1.0B
Accounts Payable	134.1M	171.7M	178.9M	152.2M	165.1M	137.5M
Cash	20.5M	31.5M	46.0M	55.4M	38.2M	36.3M
Non Current Assets Total	6.7B	6.9B	7.1B	7.9B	8.0B	4.9B
Non Currrent Assets Other	209.6M	60.1M	(230.1M)	489.1M	537.5M	564.3M
Cash And Short Term Investments	20.5M	31.5M	46.0M	55.4M	38.2M	36.3M
Net Receivables	179.0M	238.6M	412.0M	177.2M	142.7M	176.6M
Common Stock Total Equity	86.3M	91.0M	91.2M	91.5M	105.2M	80.4M
Liabilities And Stockholders Equity	7.0B	7.5B	7.9B	8.3B	8.3B	5.4B
Non Current Liabilities Total	4.5B	4.4B	3.9B	4.5B	4.4B	3.0B
Inventory	85.2M	120.4M	172.3M	81.5M	82.7M	94.9M
Other Current Assets	33.3M	132.0M	130.8M	86.1M	92.2M	83.4M
Other Stockholder Equity	1.0B	1.0B	1.0B	1.0B	1.0B	783.0M
Total Liab	5.0B	5.7B	5.8B	5.3B	5.5B	3.6B
Property Plant And Equipment Gross	6.0B	6.4B	6.6B	13.6B	14.5B	15.3B
Total Current Assets	314.2M	522.4M	761.1M	414.4M	355.9M	474.1M
Accumulated Other Comprehensive Income	(114.8M)	(513.6M)	(625.7M)	(55.1M)	(15.5M)	(16.2M)
Short Term Debt	34.9M	162.5M	623.2M	287.5M	590.7M	620.2M
Common Stock	91.0M	91.2M	91.5M	91.8M	91.0M	81.7M
Other Liab	1.9B	1.8B	1.8B	2.1B	2.4B	2.5B
Other Assets	514.8M	7.2B	468.2M	486.5M	559.5M	815.7M
Long Term Debt	2.6B	2.6B	2.1B	2.4B	2.2B	1.7B
Property Plant Equipment	53.4M	6.4B	6.6B	7.3B	8.4B	4.5B
Net Tangible Assets	4.6B	1.8B	2.1B	3.0B	2.7B	2.7B
Retained Earnings Total Equity	1.3B	991.6M	1.2B	1.6B	1.8B	1.2B
Long Term Debt Total	2.6B	2.6B	2.1B	2.4B	2.7B	2.1B
Capital Surpluse	1.0B	1.0B	1.0B	1.0B	1.2B	908.4M
Deferred Long Term Liab	835.2M	252.7M	259.7M	191.2M	172.1M	163.5M

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When determining whether National Fuel Gas is a strong investment it is important to analyze National Fuel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact National Fuel's future performance. For an informed investment choice regarding National Stock, refer to the following important reports:

How To Invest In National

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Is National Stock a good investment?

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What is National Fuel's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Fuel Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Is Gas Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of National Fuel. If investors know National will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about National Fuel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.176

Dividend Share

2.02

Earnings Share

0.84

Revenue Per Share

21.187

Quarterly Revenue Growth

0.008

The market value of National Fuel Gas is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Fuel's value that differs from its market value or its book value, called intrinsic value, which is National Fuel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because National Fuel's market value can be influenced by many factors that don't directly affect National Fuel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between National Fuel's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Fuel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Fuel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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National Free Cash Flow vs Capital Expenditures Analysis

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Free Cash Flow

Capital Expenditures

National Fuel fundamental ratios Correlations

National Fuel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

National Fuel fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.99	Common Stock Shares Outstanding
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Common Stock Total Equity	+ 0.97	Common Stock Shares Outstanding

Common Stock	- 0.86	Current Deferred Revenue
Current Deferred Revenue	- 0.82	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.81	Current Deferred Revenue
Common Stock Total Equity	- 0.78	Current Deferred Revenue
Total Liab	- 0.64	Current Deferred Revenue
Current Deferred Revenue	- 0.62	Total Assets