Transcontinental Free Cash Flow Yield vs Dividend Yield Analysis

TCL-A Stock  CAD 18.00  0.47  2.68%   
Transcontinental financial indicator trend analysis is much more than just breaking down Transcontinental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transcontinental is a good investment. Please check the relationship between Transcontinental Free Cash Flow Yield and its Dividend Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transcontinental. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Free Cash Flow Yield vs Dividend Yield

Free Cash Flow Yield vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Transcontinental Free Cash Flow Yield account and Dividend Yield. At this time, the significance of the direction appears to have strong relationship.
The correlation between Transcontinental's Free Cash Flow Yield and Dividend Yield is 0.73. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Transcontinental, assuming nothing else is changed. The correlation between historical values of Transcontinental's Free Cash Flow Yield and Dividend 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 Yield of Transcontinental are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Free Cash Flow Yield i.e., Transcontinental's Free Cash Flow Yield and Dividend Yield go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Dividend Yield

Dividend Yield is Transcontinental dividend as a percentage of Transcontinental stock price. Transcontinental dividend yield is a measure of Transcontinental stock productivity, which can be interpreted as interest rate earned on an Transcontinental investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.
Most indicators from Transcontinental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transcontinental 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 Transcontinental. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Transcontinental's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 4.84 in 2024, whereas Tax Provision is likely to drop slightly above 10.7 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense38.3M55.5M63.8M42.7M
Depreciation And Amortization231.9M234.9M270.1M146.1M

Transcontinental fundamental ratios Correlations

0.940.640.830.960.910.820.90.541.0-0.30.540.90.860.960.80.2-0.220.980.840.060.890.72-0.740.780.9
0.940.580.750.890.980.720.920.480.95-0.430.480.780.710.970.760.13-0.060.970.770.090.970.52-0.810.860.92
0.640.580.480.690.590.430.530.190.65-0.120.190.740.680.50.390.42-0.520.70.510.670.550.62-0.310.240.5
0.830.750.480.870.70.990.810.520.83-0.360.520.650.880.770.950.22-0.180.780.99-0.130.750.53-0.80.720.85
0.960.890.690.870.870.840.890.430.96-0.350.430.890.910.90.860.28-0.270.940.880.050.830.7-0.750.770.92
0.910.980.590.70.870.660.90.290.93-0.410.290.780.660.950.750.13-0.060.950.710.070.960.5-0.770.830.89
0.820.720.430.990.840.660.80.570.81-0.320.570.630.870.750.940.16-0.130.750.98-0.150.720.51-0.80.710.81
0.90.920.530.810.890.90.80.420.9-0.430.420.760.70.90.860.060.00.890.830.010.860.43-0.880.870.89
0.540.480.190.520.430.290.570.420.49-0.281.00.310.490.480.390.05-0.050.450.580.130.440.29-0.510.430.5
1.00.950.650.830.960.930.810.90.49-0.30.490.90.860.970.80.2-0.210.990.840.060.920.71-0.740.780.9
-0.3-0.43-0.12-0.36-0.35-0.41-0.32-0.43-0.28-0.3-0.28-0.06-0.16-0.31-0.41-0.350.0-0.29-0.36-0.09-0.410.180.64-0.6-0.62
0.540.480.190.520.430.290.570.421.00.49-0.280.310.490.480.390.05-0.050.450.580.130.440.29-0.510.430.5
0.90.780.740.650.890.780.630.760.310.9-0.060.310.830.830.60.3-0.430.90.660.190.710.84-0.440.520.7
0.860.710.680.880.910.660.870.70.490.86-0.160.490.830.760.780.34-0.420.820.890.030.680.78-0.570.540.76
0.960.970.50.770.90.950.750.90.480.97-0.310.480.830.760.780.12-0.10.970.79-0.070.950.63-0.760.830.9
0.80.760.390.950.860.750.940.860.390.8-0.410.390.60.780.780.17-0.050.760.95-0.230.750.42-0.860.820.88
0.20.130.420.220.280.130.160.060.050.2-0.350.050.30.340.120.17-0.90.220.250.330.160.470.07-0.10.29
-0.22-0.06-0.52-0.18-0.27-0.06-0.130.0-0.05-0.210.0-0.05-0.43-0.42-0.1-0.05-0.9-0.23-0.2-0.37-0.1-0.67-0.250.29-0.13
0.980.970.70.780.940.950.750.890.450.99-0.290.450.90.820.970.760.22-0.230.790.140.940.69-0.710.750.88
0.840.770.510.990.880.710.980.830.580.84-0.360.580.660.890.790.950.25-0.20.79-0.070.760.53-0.810.720.86
0.060.090.67-0.130.050.07-0.150.010.130.06-0.090.130.190.03-0.07-0.230.33-0.370.14-0.070.060.080.1-0.2-0.01
0.890.970.550.750.830.960.720.860.440.92-0.410.440.710.680.950.750.16-0.10.940.760.060.51-0.770.790.88
0.720.520.620.530.70.50.510.430.290.710.180.290.840.780.630.420.47-0.670.690.530.080.51-0.110.180.47
-0.74-0.81-0.31-0.8-0.75-0.77-0.8-0.88-0.51-0.740.64-0.51-0.44-0.57-0.76-0.860.07-0.25-0.71-0.810.1-0.77-0.11-0.93-0.88
0.780.860.240.720.770.830.710.870.430.78-0.60.430.520.540.830.82-0.10.290.750.72-0.20.790.18-0.930.9
0.90.920.50.850.920.890.810.890.50.9-0.620.50.70.760.90.880.29-0.130.880.86-0.010.880.47-0.880.9
Click cells to compare fundamentals

Transcontinental Account Relationship Matchups

Transcontinental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6B3.6B3.8B3.7B4.3B2.3B
Short Long Term Debt Total1.2B1.1B1.2B1.1B1.2B631.5M
Total Current Liabilities677.5M692.3M547M526.3M605.2M509.4M
Total Stockholder Equity1.7B1.8B1.9B1.9B2.2B2.3B
Property Plant And Equipment Net847M830.5M896.8M895.1M1.0B724.1M
Net Debt933.9M894.8M1.1B921M1.1B545.7M
Retained Earnings1.1B1.2B1.2B1.2B1.4B1.5B
Accounts Payable224.5M255.2M285.7M273.3M246.0M209.0M
Cash241M231.1M45.7M137M157.6M88.8M
Non Current Assets Total2.6B2.5B2.7B2.6B3.0B1.7B
Non Currrent Assets Other9.6M8.6M30.7M12.8M11.5M10.9M
Cash And Short Term Investments241M231.1M45.7M137M157.6M88.8M
Net Receivables474.6M513M587.9M551.7M634.5M342.6M
Common Stock Shares Outstanding87.1M87M86.8M86.6M99.6M88.3M
Liabilities And Stockholders Equity3.6B3.6B3.8B3.7B4.3B2.3B
Non Current Liabilities Total1.2B1.2B1.4B1.3B1.5B732.3M
Inventory288.8M357M479.3M391.1M449.8M472.3M
Other Current Assets20.3M24.4M21.8M20.6M23.7M26.0M
Total Liab1.9B1.8B1.9B1.8B2.1B1.2B
Total Current Assets1.0B1.1B1.1B1.1B1.3B1.3B
Accumulated Other Comprehensive Income(14.8M)(41.3M)20.7M37M33.3M35.0M
Short Term Debt252.5M210.4M36M25.6M29.4M28.0M
Intangible Assets568.5M513M519.6M447.1M514.2M397.6M
Other Current Liab183.1M185.5M206.5M192.2M221.0M120.9M
Current Deferred Revenue9M12.3M11.8M10.4M9.4M8.9M
Good Will1.1B1.1B1.2B1.2B1.4B871.2M
Common Stock642.4M641.9M640M636.6M732.1M562.7M
Other Liab251.3M234.8M223M222.4M200.2M198.8M
Net Tangible Assets(116.9M)93.1M189.3M221.9M199.7M140.0M
Other Assets89M86.5M87.1M114.2M102.8M130.2M
Long Term Debt790.4M778.2M979.3M937.8M1.1B822.8M
Deferred Long Term Liab43.6M39.2M37.5M53.6M48.2M37.4M
Short Long Term Debt229.7M187.3M10.7M2.1M1.9M1.8M
Property Plant Equipment820.1M847M830.5M896.8M1.0B785.6M
Net Invested Capital2.8B2.7B2.9B2.8B3.3B3.0B
Net Working Capital347.2M433.2M587.7M574.1M660.2M499.7M

Pair Trading with Transcontinental

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

Moving against Transcontinental Stock

  0.37INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Transcontinental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transcontinental 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 Transcontinental - 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 Transcontinental to buy it.
The correlation of Transcontinental 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 Transcontinental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transcontinental 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 Transcontinental 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 CorrelationCorrelation Matching

Additional Tools for Transcontinental Stock Analysis

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