STEP Free Cash Flow Per Share vs Book Value Per Share Analysis

STEP Stock

CAD 5.25 0.09 1.74%

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

Free Cash Flow Per Share vs Book Value Per Share

Free Cash Flow Per Share vs Book Value Per Share Correlation Analysis

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

The correlation between STEP Energy's Free Cash Flow Per Share and Book Value Per Share is -0.09. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of STEP Energy Services, assuming nothing else is changed. The correlation between historical values of STEP Energy's Free Cash Flow Per Share and Book Value Per Share 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 Per Share of STEP Energy Services are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Free Cash Flow Per Share i.e., STEP Energy's Free Cash Flow Per Share and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.09

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

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.

Most indicators from STEP Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into STEP 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 World Market Map to better understand how to build diversified portfolios, which includes a position in STEP 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 board of governors.

At this time, STEP Energy's Tax Provision is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value Over EBITDA is likely to grow to 2.53, while Selling General Administrative is likely to drop about 11.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	11.8M	11.8M	11.2M	7.8M
Depreciation And Amortization	73.4M	88.0M	84.7M	62.4M

Interest Expense Depreciation And Amortization

STEP Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	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	Short Long Term Debt	Total Current Assets
Common Stock Shares Outstanding		0.66	0.67	0.54	0.79	0.42	0.54	0.44	0.68	0.67	-0.79	0.77	-0.31	0.63	0.63	-0.31	0.61	0.75	0.67	0.91	0.84	0.81	0.77	0.9	0.25	0.65
Total Assets	0.66		0.82	0.53	0.82	0.9	0.84	0.86	0.99	0.79	-0.48	0.84	0.16	0.98	0.81	0.16	0.88	0.91	0.87	0.87	0.84	0.9	0.92	0.81	0.04	0.89
Short Long Term Debt Total	0.67	0.82		0.23	0.66	0.52	0.58	0.46	0.86	1.0	-0.7	0.65	-0.22	0.86	1.0	-0.22	0.61	0.78	0.99	0.74	0.84	0.8	0.95	0.67	0.36	0.62
Other Current Liab	0.54	0.53	0.23		0.58	0.54	0.65	0.48	0.49	0.24	-0.12	0.59	-0.22	0.51	0.21	-0.22	0.5	0.44	0.3	0.61	0.36	0.42	0.43	0.64	0.16	0.49
Total Current Liabilities	0.79	0.82	0.66	0.58		0.63	0.63	0.66	0.77	0.63	-0.68	0.99	0.09	0.72	0.61	0.09	0.92	0.84	0.67	0.93	0.86	0.85	0.85	0.94	0.08	0.92
Total Stockholder Equity	0.42	0.9	0.52	0.54	0.63		0.81	0.97	0.87	0.47	-0.14	0.67	0.44	0.88	0.51	0.44	0.8	0.79	0.6	0.68	0.6	0.75	0.66	0.63	-0.23	0.82
Other Liab	0.54	0.84	0.58	0.65	0.63	0.81		0.72	0.8	0.56	-0.09	0.66	0.04	0.84	0.58	0.04	0.71	0.63	0.68	0.7	0.6	0.61	0.72	0.66	0.01	0.71
Net Tangible Assets	0.44	0.86	0.46	0.48	0.66	0.97	0.72		0.84	0.4	-0.21	0.7	0.53	0.81	0.44	0.53	0.83	0.82	0.52	0.7	0.63	0.78	0.62	0.65	-0.28	0.86
Property Plant And Equipment Net	0.68	0.99	0.86	0.49	0.77	0.87	0.8	0.84		0.83	-0.52	0.78	0.11	0.99	0.84	0.11	0.82	0.93	0.9	0.86	0.86	0.92	0.92	0.79	0.09	0.84
Net Debt	0.67	0.79	1.0	0.24	0.63	0.47	0.56	0.4	0.83		-0.71	0.62	-0.31	0.83	0.99	-0.31	0.56	0.74	0.98	0.72	0.82	0.77	0.94	0.66	0.42	0.57
Retained Earnings	-0.79	-0.48	-0.7	-0.12	-0.68	-0.14	-0.09	-0.21	-0.52	-0.71		-0.63	0.23	-0.44	-0.66	0.23	-0.46	-0.7	-0.63	-0.72	-0.8	-0.75	-0.7	-0.71	-0.3	-0.5
Accounts Payable	0.77	0.84	0.65	0.59	0.99	0.67	0.66	0.7	0.78	0.62	-0.63		0.13	0.74	0.6	0.13	0.95	0.84	0.67	0.92	0.84	0.85	0.84	0.92	0.06	0.95
Cash	-0.31	0.16	-0.22	-0.22	0.09	0.44	0.04	0.53	0.11	-0.31	0.23	0.13		0.06	-0.24	1.0	0.34	0.19	-0.2	-0.04	-0.01	0.12	-0.11	-0.03	-0.77	0.37
Non Current Assets Total	0.63	0.98	0.86	0.51	0.72	0.88	0.84	0.81	0.99	0.83	-0.44	0.74	0.06		0.85	0.06	0.78	0.88	0.9	0.81	0.81	0.86	0.91	0.75	0.1	0.79
Long Term Debt	0.63	0.81	1.0	0.21	0.61	0.51	0.58	0.44	0.84	0.99	-0.66	0.6	-0.24	0.85		-0.24	0.58	0.75	0.99	0.7	0.8	0.77	0.93	0.62	0.37	0.58
Cash And Short Term Investments	-0.31	0.16	-0.22	-0.22	0.09	0.44	0.04	0.53	0.11	-0.31	0.23	0.13	1.0	0.06	-0.24		0.34	0.19	-0.2	-0.04	-0.01	0.12	-0.11	-0.03	-0.77	0.37
Net Receivables	0.61	0.88	0.61	0.5	0.92	0.8	0.71	0.83	0.82	0.56	-0.46	0.95	0.34	0.78	0.58	0.34		0.82	0.65	0.83	0.75	0.82	0.8	0.8	-0.09	0.99
Common Stock Total Equity	0.75	0.91	0.78	0.44	0.84	0.79	0.63	0.82	0.93	0.74	-0.7	0.84	0.19	0.88	0.75	0.19	0.82		0.79	0.92	0.92	0.99	0.87	0.88	0.04	0.87
Non Current Liabilities Total	0.67	0.87	0.99	0.3	0.67	0.6	0.68	0.52	0.9	0.98	-0.63	0.67	-0.2	0.9	0.99	-0.2	0.65	0.79		0.76	0.83	0.81	0.96	0.68	0.33	0.65
Inventory	0.91	0.87	0.74	0.61	0.93	0.68	0.7	0.7	0.86	0.72	-0.72	0.92	-0.04	0.81	0.7	-0.04	0.83	0.92	0.76		0.92	0.94	0.88	0.98	0.17	0.87
Other Current Assets	0.84	0.84	0.84	0.36	0.86	0.6	0.6	0.63	0.86	0.82	-0.8	0.84	-0.01	0.81	0.8	-0.01	0.75	0.92	0.83	0.92		0.93	0.91	0.92	0.18	0.79
Other Stockholder Equity	0.81	0.9	0.8	0.42	0.85	0.75	0.61	0.78	0.92	0.77	-0.75	0.85	0.12	0.86	0.77	0.12	0.82	0.99	0.81	0.94	0.93		0.89	0.89	0.11	0.87
Total Liab	0.77	0.92	0.95	0.43	0.85	0.66	0.72	0.62	0.92	0.94	-0.7	0.84	-0.11	0.91	0.93	-0.11	0.8	0.87	0.96	0.88	0.91	0.89		0.83	0.26	0.81
Property Plant And Equipment Gross	0.9	0.81	0.67	0.64	0.94	0.63	0.66	0.65	0.79	0.66	-0.71	0.92	-0.03	0.75	0.62	-0.03	0.8	0.88	0.68	0.98	0.92	0.89	0.83		0.15	0.84
Short Long Term Debt	0.25	0.04	0.36	0.16	0.08	-0.23	0.01	-0.28	0.09	0.42	-0.3	0.06	-0.77	0.1	0.37	-0.77	-0.09	0.04	0.33	0.17	0.18	0.11	0.26	0.15		-0.12
Total Current Assets	0.65	0.89	0.62	0.49	0.92	0.82	0.71	0.86	0.84	0.57	-0.5	0.95	0.37	0.79	0.58	0.37	0.99	0.87	0.65	0.87	0.79	0.87	0.81	0.84	-0.12

Click cells to compare fundamentals

STEP Energy Account Relationship Matchups

STEP Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	66.8M	67.3M	68.0M	72.2M	75.2M	71.3M
Total Assets	686.0M	479.9M	483.8M	682.5M	606.5M	557.7M
Short Long Term Debt Total	256.4M	220.3M	205.3M	163.0M	113.6M	144.4M
Other Current Liab	86K	88K	1.3M	5.0M	4.5M	2.5M
Total Current Liabilities	86.7M	56.6M	129.3M	189.8M	112.6M	90.5M
Total Stockholder Equity	322.8M	204.6M	177.4M	306.0M	355.5M	311.1M
Other Liab	29.6M	4.3M	5.9M	32.1M	36.9M	19.9M
Net Tangible Assets	321.5M	203.8M	177.1M	305.9M	351.8M	285.5M
Property Plant And Equipment Net	525.8M	379.6M	350.3M	426.0M	447.6M	400.5M
Net Debt	249.2M	219.1M	201.6M	160.2M	111.8M	137.2M
Retained Earnings	(144.0M)	(263.4M)	(291.5M)	(196.7M)	(146.3M)	(153.6M)
Accounts Payable	77.1M	48.8M	95.2M	165.9M	91.8M	76.8M
Cash	7.3M	1.3M	3.7M	2.8M	1.8M	1.7M
Non Current Assets Total	527.2M	380.4M	350.6M	426.2M	451.8M	416.1M
Long Term Debt	237.4M	207.6M	162.0M	140.8M	86.1M	125.6M
Cash And Short Term Investments	7.3M	1.3M	3.7M	2.8M	1.8M	1.7M
Net Receivables	113.4M	65.4M	86.7M	199.1M	96.2M	99.7M
Common Stock Total Equity	369.4M	426.5M	428.8M	431.8M	496.6M	342.3M
Liabilities And Stockholders Equity	686.0M	479.9M	483.8M	682.5M	606.5M	557.7M
Non Current Liabilities Total	276.5M	218.7M	177.1M	186.7M	138.4M	156.1M
Inventory	28.4M	27.0M	32.7M	46.4M	47.5M	28.4M
Other Current Assets	9.8M	5.8M	10.1M	8.0M	9.3M	6.3M
Other Stockholder Equity	32.2M	32.4M	30.8M	32.8M	36.1M	28.3M
Total Liab	363.2M	275.3M	306.4M	376.5M	251.0M	246.6M
Property Plant And Equipment Gross	525.8M	379.6M	799.9M	920.4M	972.2M	562.0M
Total Current Assets	158.9M	99.5M	133.3M	256.4M	154.7M	141.7M
Accumulated Other Comprehensive Income	5.9M	3.8M	2.4M	16.2M	10.1M	10.6M
Short Term Debt	9.6M	5.9M	34.2M	9.8M	8.8M	10.0M
Intangible Assets	1.3M	773K	306K	161K	122K	115.9K
Common Stock	428.8M	431.8M	435.8M	453.7M	455.7M	387.6M
Property Plant Equipment	525.8M	379.6M	350.3M	426.0M	489.9M	390.3M
Long Term Debt Total	246.9M	214.4M	171.2M	154.7M	177.9M	150.8M
Capital Surpluse	32.2M	32.4M	30.8M	32.8M	37.8M	29.3M
Non Currrent Assets Other	527.2M	(380.4M)	(350.6M)	(426.2M)	4.1M	3.9M
Capital Lease Obligations	19.0M	12.7M	15.4M	22.2M	27.5M	18.1M
Cash And Equivalents	7.3M	1.3M	3.7M	2.8M	2.5M	2.4M
Net Invested Capital	560.2M	412.2M	367.4M	446.8M	441.7M	387.7M

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

Moving together with STEP Stock

0.66	ENB-PFV	Enbridge Pref 5	Pair Corr
0.71	ENS	E Split Corp	Pair Corr
0.78	ENS-PA	E Split Corp	Pair Corr

Moving against STEP Stock

0.31

Verizon Communications

Pair Corr

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

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

Other Information on Investing in STEP Stock

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

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STEP Free Cash Flow Per Share vs Book Value Per Share Analysis

Free Cash Flow Per Share vs Book Value Per Share

Free Cash Flow Per Share vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Book Value Per Share

STEP Energy fundamental ratios Correlations

STEP Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

STEP Energy fundamental ratios Accounts

Pair Trading with STEP Energy

Moving together with STEP Stock

Moving against STEP Stock

Other Information on Investing in STEP Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Accounts Payable	+ 0.99	Total Current Liabilities

Other Current Assets	- 0.8	Retained Earnings
Retained Earnings	- 0.79	Common Stock Shares Outstanding
Short Long Term Debt	- 0.77	Cash And Short Term Investments
Short Long Term Debt	- 0.77	Cash
Other Stockholder Equity	- 0.75	Retained Earnings
Inventory	- 0.72	Retained Earnings