Outcrop Free Cash Flow Yield vs Ptb Ratio Analysis

OCG Stock  CAD 0.24  0.01  4.35%   
Outcrop Gold financial indicator trend analysis is much more than just breaking down Outcrop Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Outcrop Gold Corp is a good investment. Please check the relationship between Outcrop Gold Free Cash Flow Yield and its Ptb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outcrop Gold Corp. 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.

Free Cash Flow Yield vs Ptb Ratio

Free Cash Flow Yield vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Outcrop Gold Corp Free Cash Flow Yield account and Ptb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Outcrop Gold's Free Cash Flow Yield and Ptb Ratio is -0.11. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Outcrop Gold Corp, assuming nothing else is changed. The correlation between historical values of Outcrop Gold's Free Cash Flow Yield and Ptb Ratio 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 Yield of Outcrop Gold Corp are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Outcrop Gold's Free Cash Flow Yield and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.11
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Outcrop Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Outcrop Gold Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outcrop Gold Corp. 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.
Enterprise Value is likely to climb to about 28.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.2 M in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses11.2M9.5M10.9M11.5M
Depreciation And Amortization27.1K58.6K52.7K68.9K

Outcrop Gold fundamental ratios Correlations

-0.560.721.00.69-0.77-0.620.690.730.69-0.580.720.190.60.40.270.70.740.70.090.810.670.690.850.810.68
-0.56-0.52-0.56-0.540.40.76-0.41-0.35-0.530.21-0.35-0.09-0.540.07-0.55-0.46-0.36-0.44-0.24-0.19-0.47-0.48-0.38-0.25-0.48
0.72-0.520.680.87-0.27-0.830.960.230.86-0.70.22-0.130.790.350.111.00.240.70.080.670.770.880.760.530.78
1.0-0.560.680.68-0.79-0.60.660.750.67-0.570.740.210.580.390.280.660.760.70.080.80.650.670.840.820.66
0.69-0.540.870.68-0.17-0.890.80.11.0-0.750.08-0.290.950.29-0.090.860.110.930.070.660.890.990.880.650.91
-0.770.4-0.27-0.79-0.170.11-0.27-0.99-0.160.19-0.99-0.52-0.11-0.22-0.49-0.24-0.99-0.26-0.03-0.54-0.08-0.15-0.37-0.54-0.12
-0.620.76-0.83-0.6-0.890.11-0.76-0.06-0.890.6-0.040.24-0.88-0.13-0.15-0.81-0.07-0.74-0.11-0.44-0.86-0.87-0.71-0.42-0.86
0.69-0.410.960.660.8-0.27-0.760.240.8-0.710.22-0.110.720.42-0.020.960.240.62-0.180.660.720.830.710.470.72
0.73-0.350.230.750.1-0.99-0.060.240.1-0.161.00.540.040.240.470.211.00.190.010.520.020.090.330.510.05
0.69-0.530.860.671.0-0.16-0.890.80.1-0.750.08-0.290.950.29-0.10.860.10.940.060.660.891.00.880.660.91
-0.580.21-0.7-0.57-0.750.190.6-0.71-0.16-0.75-0.130.15-0.7-0.420.23-0.71-0.15-0.790.1-0.63-0.69-0.76-0.72-0.54-0.7
0.72-0.350.220.740.08-0.99-0.040.221.00.08-0.130.560.020.220.490.191.00.170.030.50.00.070.30.490.03
0.19-0.09-0.130.21-0.29-0.520.24-0.110.54-0.290.150.56-0.25-0.160.3-0.150.56-0.240.2-0.1-0.27-0.31-0.2-0.09-0.24
0.6-0.540.790.580.95-0.11-0.880.720.040.95-0.70.02-0.250.060.010.790.040.890.070.470.890.930.760.490.93
0.40.070.350.390.29-0.22-0.130.420.240.29-0.420.22-0.160.06-0.370.350.240.32-0.170.710.160.360.530.640.13
0.27-0.550.110.28-0.09-0.49-0.15-0.020.47-0.10.230.490.30.01-0.370.070.48-0.170.41-0.080.0-0.14-0.08-0.050.02
0.7-0.461.00.660.86-0.24-0.810.960.210.86-0.710.19-0.150.790.350.070.210.70.060.670.770.890.770.530.78
0.74-0.360.240.760.11-0.99-0.070.241.00.1-0.151.00.560.040.240.480.210.190.030.520.030.10.330.520.06
0.7-0.440.70.70.93-0.26-0.740.620.190.94-0.790.17-0.240.890.32-0.170.70.190.10.680.810.920.890.760.84
0.09-0.240.080.080.07-0.03-0.11-0.180.010.060.10.030.20.07-0.170.410.060.030.10.040.090.030.140.210.1
0.81-0.190.670.80.66-0.54-0.440.660.520.66-0.630.5-0.10.470.71-0.080.670.520.680.040.540.70.880.920.54
0.67-0.470.770.650.89-0.08-0.860.720.020.89-0.690.0-0.270.890.160.00.770.030.810.090.540.880.840.560.99
0.69-0.480.880.670.99-0.15-0.870.830.091.0-0.760.07-0.310.930.36-0.140.890.10.920.030.70.880.890.670.89
0.85-0.380.760.840.88-0.37-0.710.710.330.88-0.720.3-0.20.760.53-0.080.770.330.890.140.880.840.890.910.84
0.81-0.250.530.820.65-0.54-0.420.470.510.66-0.540.49-0.090.490.64-0.050.530.520.760.210.920.560.670.910.56
0.68-0.480.780.660.91-0.12-0.860.720.050.91-0.70.03-0.240.930.130.020.780.060.840.10.540.990.890.840.56
Click cells to compare fundamentals

Outcrop Gold Account Relationship Matchups

Outcrop Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.0M9.4M6.0M8.9M10.3M6.5M
Total Current Liabilities532.1K675.6K836.9K507.7K583.9K613.1K
Total Stockholder Equity10.4M8.7M5.2M8.4M9.7M6.2M
Property Plant And Equipment Net4.6M4.5M4.6M5.3M6.1M6.4M
Net Debt(6.0M)(4.5M)(1.2M)(3.2M)(3.7M)(3.9M)
Retained Earnings(51.2M)(64.0M)(75.4M)(84.9M)(76.4M)(72.6M)
Accounts Payable419.3K642.5K786.5K379.2K436.0K457.8K
Cash6.0M4.5M1.2M3.2M2.9M3.4M
Non Current Assets Total4.6M4.5M4.6M5.3M6.1M6.4M
Cash And Short Term Investments6.0M4.5M1.2M3.2M2.9M3.5M
Net Receivables44.4K39.0K30.7K40.0K36.0K34.2K
Common Stock Shares Outstanding64.9M118.9M145.9M199.1M229.0M240.4M
Liabilities And Stockholders Equity11.0M9.4M6.0M8.9M10.3M6.5M
Other Stockholder Equity16.9M21.2M24.6M27.6M31.7M24.9M
Total Liab532.1K675.6K851.9K507.7K583.9K613.1K
Total Current Assets6.3M4.9M1.4M3.7M3.3M3.6M
Accumulated Other Comprehensive Income(46.0)(2.4K)(1.7K)(1.2K)(1.3K)(1.3K)
Other Current Assets329.7K230.0K119.6K326.2K375.1K393.8K
Other Current Liab112.7K33.1K37.8K111.9K128.7K78.1K
Net Tangible Assets1.5M10.4M8.7M5.2M5.9M5.1M
Common Stock44.7M51.6M56.0M65.7M75.6M45.9M
Property Plant Equipment1.3M4.6M4.5M4.6M5.3M5.6M
Net Invested Capital10.4M8.7M5.2M8.4M9.7M5.9M
Net Working Capital5.8M4.2M552.7K3.1M3.6M2.4M
Capital Stock44.7M51.6M56.0M65.7M75.6M52.0M

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