Skeena Invested Capital vs Free Cash Flow Yield Analysis

SKE Stock

CAD 13.21 0.15 1.15%

Skeena Resources financial indicator trend analysis is much more than just breaking down Skeena Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skeena Resources is a good investment. Please check the relationship between Skeena Resources Invested Capital and its Free Cash Flow Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena Resources. 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.

To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.

Invested Capital vs Free Cash Flow Yield

Invested Capital vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skeena Resources Invested Capital account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak relationship.

The correlation between Skeena Resources' Invested Capital and Free Cash Flow Yield is 0.32. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Skeena Resources, assuming nothing else is changed. The correlation between historical values of Skeena Resources' Invested Capital 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 Invested Capital of Skeena Resources 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 Invested Capital i.e., Skeena Resources' Invested Capital and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Skeena Resources. There are two different methods for calculating Skeena Resources invested capital: operating approach and financing approach. Understanding Skeena Resources invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

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 Skeena Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skeena Resources 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena Resources. 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.

To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.As of the 30th of November 2024, Enterprise Value is likely to grow to about 509.6 M, while Selling General Administrative is likely to drop about 4 M.

	2021	2022	2023	2024 (projected)
Interest Income	176K	1.4M	1.6M	1.7M
Cost Of Revenue	320K	289K	2.4M	2.5M

Interest Income Cost Of Revenue

Skeena Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Common Stock	Other Assets	Property Plant Equipment
Total Assets		0.66	0.98	0.99	0.71	-0.99	-0.96	0.67	0.94	0.98	0.71	0.94	0.78	0.98	0.84	0.57	0.91	0.94	0.96	0.8	0.73	0.41	-0.96	0.98	0.81	0.99
Other Current Liab	0.66		0.75	0.75	0.94	-0.59	-0.5	-0.07	0.4	0.77	-0.04	0.4	0.84	0.59	0.47	0.73	0.66	0.39	0.46	0.1	-0.02	0.17	-0.62	0.55	0.74	0.61
Total Current Liabilities	0.98	0.75		0.97	0.74	-0.98	-0.92	0.6	0.91	0.96	0.63	0.91	0.81	0.95	0.76	0.68	0.91	0.9	0.93	0.73	0.65	0.41	-0.95	0.94	0.84	0.96
Total Stockholder Equity	0.99	0.75	0.97		0.81	-0.95	-0.93	0.54	0.88	1.0	0.59	0.88	0.83	0.95	0.84	0.59	0.91	0.87	0.9	0.7	0.62	0.38	-0.95	0.95	0.83	0.98
Property Plant And Equipment Net	0.71	0.94	0.74	0.81		-0.62	-0.57	-0.05	0.43	0.84	0.01	0.44	0.82	0.63	0.61	0.54	0.67	0.42	0.49	0.15	0.04	0.2	-0.67	0.61	0.75	0.69
Net Debt	-0.99	-0.59	-0.98	-0.95	-0.62		0.97	-0.74	-0.97	-0.93	-0.77	-0.97	-0.72	-0.97	-0.8	-0.58	-0.9	-0.97	-0.98	-0.85	-0.79	-0.44	0.96	-0.98	-0.79	-0.98
Retained Earnings	-0.96	-0.5	-0.92	-0.93	-0.57	0.97		-0.78	-0.96	-0.9	-0.8	-0.96	-0.73	-0.99	-0.9	-0.52	-0.87	-0.96	-0.97	-0.88	-0.82	-0.35	0.9	-1.0	-0.72	-0.96
Accounts Payable	0.67	-0.07	0.6	0.54	-0.05	-0.74	-0.78		0.88	0.49	0.99	0.87	0.23	0.73	0.56	0.2	0.57	0.88	0.84	0.98	0.99	0.36	-0.66	0.75	0.38	0.68
Cash	0.94	0.4	0.91	0.88	0.43	-0.97	-0.96	0.88		0.84	0.9	1.0	0.59	0.95	0.78	0.46	0.84	1.0	1.0	0.95	0.91	0.45	-0.92	0.96	0.69	0.94
Non Current Assets Total	0.98	0.77	0.96	1.0	0.84	-0.93	-0.9	0.49	0.84		0.55	0.85	0.83	0.93	0.82	0.56	0.89	0.84	0.87	0.65	0.57	0.37	-0.94	0.93	0.83	0.97
Non Currrent Assets Other	0.71	-0.04	0.63	0.59	0.01	-0.77	-0.8	0.99	0.9	0.55		0.89	0.26	0.75	0.6	0.18	0.61	0.9	0.86	0.99	1.0	0.37	-0.7	0.78	0.4	0.73
Cash And Short Term Investments	0.94	0.4	0.91	0.88	0.44	-0.97	-0.96	0.87	1.0	0.85	0.89		0.59	0.95	0.79	0.46	0.85	1.0	1.0	0.95	0.9	0.44	-0.92	0.96	0.69	0.94
Net Receivables	0.78	0.84	0.81	0.83	0.82	-0.72	-0.73	0.23	0.59	0.83	0.26	0.59		0.8	0.68	0.79	0.78	0.6	0.66	0.38	0.27	0.07	-0.68	0.75	0.68	0.74
Common Stock Shares Outstanding	0.98	0.59	0.95	0.95	0.63	-0.97	-0.99	0.73	0.95	0.93	0.75	0.95	0.8		0.86	0.59	0.9	0.95	0.97	0.84	0.77	0.32	-0.92	0.99	0.77	0.96
Short Term Investments	0.84	0.47	0.76	0.84	0.61	-0.8	-0.9	0.56	0.78	0.82	0.6	0.79	0.68	0.86		0.38	0.74	0.77	0.8	0.69	0.62	0.23	-0.71	0.9	0.57	0.86
Other Current Assets	0.57	0.73	0.68	0.59	0.54	-0.58	-0.52	0.2	0.46	0.56	0.18	0.46	0.79	0.59	0.38		0.64	0.47	0.53	0.26	0.18	0.07	-0.47	0.53	0.57	0.49
Other Stockholder Equity	0.91	0.66	0.91	0.91	0.67	-0.9	-0.87	0.57	0.84	0.89	0.61	0.85	0.78	0.9	0.74	0.64		0.84	0.87	0.69	0.62	0.27	-0.85	0.89	0.75	0.9
Total Liab	0.94	0.39	0.9	0.87	0.42	-0.97	-0.96	0.88	1.0	0.84	0.9	1.0	0.6	0.95	0.77	0.47	0.84		1.0	0.95	0.91	0.42	-0.92	0.96	0.69	0.94
Total Current Assets	0.96	0.46	0.93	0.9	0.49	-0.98	-0.97	0.84	1.0	0.87	0.86	1.0	0.66	0.97	0.8	0.53	0.87	1.0		0.92	0.87	0.42	-0.93	0.98	0.71	0.95
Non Current Liabilities Total	0.8	0.1	0.73	0.7	0.15	-0.85	-0.88	0.98	0.95	0.65	0.99	0.95	0.38	0.84	0.69	0.26	0.69	0.95	0.92		0.99	0.38	-0.78	0.86	0.49	0.81
Short Long Term Debt Total	0.73	-0.02	0.65	0.62	0.04	-0.79	-0.82	0.99	0.91	0.57	1.0	0.9	0.27	0.77	0.62	0.18	0.62	0.91	0.87	0.99		0.39	-0.72	0.8	0.42	0.75
Short Term Debt	0.41	0.17	0.41	0.38	0.2	-0.44	-0.35	0.36	0.45	0.37	0.37	0.44	0.07	0.32	0.23	0.07	0.27	0.42	0.42	0.38	0.39		-0.53	0.36	0.26	0.4
Current Deferred Revenue	-0.96	-0.62	-0.95	-0.95	-0.67	0.96	0.9	-0.66	-0.92	-0.94	-0.7	-0.92	-0.68	-0.92	-0.71	-0.47	-0.85	-0.92	-0.93	-0.78	-0.72	-0.53		-0.92	-0.82	-0.95
Common Stock	0.98	0.55	0.94	0.95	0.61	-0.98	-1.0	0.75	0.96	0.93	0.78	0.96	0.75	0.99	0.9	0.53	0.89	0.96	0.98	0.86	0.8	0.36	-0.92		0.74	0.98
Other Assets	0.81	0.74	0.84	0.83	0.75	-0.79	-0.72	0.38	0.69	0.83	0.4	0.69	0.68	0.77	0.57	0.57	0.75	0.69	0.71	0.49	0.42	0.26	-0.82	0.74		0.78
Property Plant Equipment	0.99	0.61	0.96	0.98	0.69	-0.98	-0.96	0.68	0.94	0.97	0.73	0.94	0.74	0.96	0.86	0.49	0.9	0.94	0.95	0.81	0.75	0.4	-0.95	0.98	0.78

Click cells to compare fundamentals

Skeena Resources Account Relationship Matchups

Skeena Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.4M	137.8M	155.0M	168.0M	195.0M	204.7M
Other Current Liab	8.1M	21.1M	25.0M	20.3M	3.6M	5.3M
Total Current Liabilities	8.4M	22.4M	25.4M	20.9M	25.2M	26.5M
Total Stockholder Equity	11.6M	109.0M	123.5M	137.2M	124.5M	130.8M
Property Plant And Equipment Net	3.8M	90.5M	94.3M	115.7M	33.0M	21.1M
Net Debt	(11.7M)	(35.2M)	(39.0M)	(37.0M)	(58.8M)	(55.8M)
Retained Earnings	(101.2M)	(161.5M)	(279.0M)	(367.9M)	(476.9M)	(453.1M)
Accounts Payable	3.6M	19.4K	12.5K	14.0K	20.6M	21.6M
Cash	13.1M	37.8M	40.3M	40.6M	91.1M	95.7M
Non Current Assets Total	5.4M	96.1M	100.8M	117.9M	97.5M	102.4M
Non Currrent Assets Other	1.4M	2.7M	2.2M	2.2M	64.5M	67.7M
Cash And Short Term Investments	13.1M	37.8M	41.2M	43.1M	92.7M	97.3M
Net Receivables	2.2M	2.8M	7.3M	5.7M	3.2M	3.4M
Common Stock Shares Outstanding	27.0M	42.3M	59.8M	70.3M	84.4M	88.6M
Liabilities And Stockholders Equity	24.4M	137.8M	155.0M	168.0M	195.0M	204.7M
Other Current Assets	3.1M	1.1M	5.8M	1.3M	1.6M	1.7M
Other Stockholder Equity	13.6M	29.1M	40.6M	33.8M	38.9M	40.8M
Total Liab	12.8M	28.9M	31.4M	30.8M	70.5M	74.0M
Total Current Assets	19.0M	41.7M	54.2M	50.1M	97.5M	102.4M
Accumulated Other Comprehensive Income	13.6M	29.1M	40.6M	7.3M	49.0M	51.5M
Non Current Liabilities Total	4.4M	6.5M	6.0M	9.9M	45.2M	47.5M
Short Term Debt	307.5K	1.3M	494K	545K	1.1M	1.1M
Common Stock	99.2M	241.3M	362.0M	464.0M	552.4M	580.0M
Other Assets	1.4M	2.7M	2.2M	2.2M	2.5M	1.6M
Property Plant Equipment	3.8M	90.5M	94.3M	115.7M	133.0M	139.7M
Other Liab	3.3M	5.2M	5.2M	6.9M	7.9M	4.0M
Net Tangible Assets	11.6M	109.0M	123.5M	137.2M	157.8M	165.7M
Long Term Debt Total	1.2M	1.3M	818K	3.0M	3.5M	3.6M
Cash And Equivalents	13.1M	37.8M	40.3M	40.6M	46.7M	49.0M
Net Invested Capital	11.6M	109.0M	123.5M	137.2M	157.8M	165.7M
Net Working Capital	10.6M	19.3M	28.8M	29.2M	33.6M	35.3M
Capital Stock	99.2M	241.3M	362.0M	464.0M	533.6M	274.6M

Pair Trading with Skeena Resources

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 Skeena Resources 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 Skeena Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Skeena Stock

0.85	AG	First Majestic Silver	Pair Corr
0.72	IE	Ivanhoe Energy	Pair Corr
0.63	FDY	Faraday Copper Corp	Pair Corr

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

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

When determining whether Skeena Resources is a strong investment it is important to analyze Skeena Resources' 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 Skeena Resources' future performance. For an informed investment choice regarding Skeena Stock, refer to the following important reports:

How To Invest In Skeena

Details

Is Skeena Stock a good investment?

Details

What is Skeena Resources' Net Worth?

Details

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena Resources. 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.

To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Please note, there is a significant difference between Skeena Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skeena Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skeena Resources' 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Skeena Invested Capital vs Free Cash Flow Yield Analysis

Invested Capital vs Free Cash Flow Yield

Invested Capital vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Invested Capital

Free Cash Flow Yield

Skeena Resources fundamental ratios Correlations

Skeena Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Skeena Resources fundamental ratios Accounts

Pair Trading with Skeena Resources

Moving together with Skeena Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Non Currrent Assets Other
Total Liab	+ 1.0	Cash And Short Term Investments

Common Stock	- 1.0	Retained Earnings
Common Stock Shares Outstanding	- 0.99	Retained Earnings
Net Debt	- 0.99	Total Assets
Property Plant Equipment	- 0.98	Net Debt
Common Stock	- 0.98	Net Debt
Total Current Assets	- 0.98	Net Debt