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 Direction | Positive |
Relationship Strength | Significant |
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 Expense | 38.3M | 55.5M | 63.8M | 42.7M | Depreciation And Amortization | 231.9M | 234.9M | 270.1M | 146.1M |
Transcontinental fundamental ratios Correlations
Click cells to compare fundamentals
Transcontinental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Transcontinental fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.6B | 3.6B | 3.8B | 3.7B | 4.3B | 2.3B | |
Short Long Term Debt Total | 1.2B | 1.1B | 1.2B | 1.1B | 1.2B | 631.5M | |
Total Current Liabilities | 677.5M | 692.3M | 547M | 526.3M | 605.2M | 509.4M | |
Total Stockholder Equity | 1.7B | 1.8B | 1.9B | 1.9B | 2.2B | 2.3B | |
Property Plant And Equipment Net | 847M | 830.5M | 896.8M | 895.1M | 1.0B | 724.1M | |
Net Debt | 933.9M | 894.8M | 1.1B | 921M | 1.1B | 545.7M | |
Retained Earnings | 1.1B | 1.2B | 1.2B | 1.2B | 1.4B | 1.5B | |
Accounts Payable | 224.5M | 255.2M | 285.7M | 273.3M | 246.0M | 209.0M | |
Cash | 241M | 231.1M | 45.7M | 137M | 157.6M | 88.8M | |
Non Current Assets Total | 2.6B | 2.5B | 2.7B | 2.6B | 3.0B | 1.7B | |
Non Currrent Assets Other | 9.6M | 8.6M | 30.7M | 12.8M | 11.5M | 10.9M | |
Cash And Short Term Investments | 241M | 231.1M | 45.7M | 137M | 157.6M | 88.8M | |
Net Receivables | 474.6M | 513M | 587.9M | 551.7M | 634.5M | 342.6M | |
Common Stock Shares Outstanding | 87.1M | 87M | 86.8M | 86.6M | 99.6M | 88.3M | |
Liabilities And Stockholders Equity | 3.6B | 3.6B | 3.8B | 3.7B | 4.3B | 2.3B | |
Non Current Liabilities Total | 1.2B | 1.2B | 1.4B | 1.3B | 1.5B | 732.3M | |
Inventory | 288.8M | 357M | 479.3M | 391.1M | 449.8M | 472.3M | |
Other Current Assets | 20.3M | 24.4M | 21.8M | 20.6M | 23.7M | 26.0M | |
Total Liab | 1.9B | 1.8B | 1.9B | 1.8B | 2.1B | 1.2B | |
Total Current Assets | 1.0B | 1.1B | 1.1B | 1.1B | 1.3B | 1.3B | |
Accumulated Other Comprehensive Income | (14.8M) | (41.3M) | 20.7M | 37M | 33.3M | 35.0M | |
Short Term Debt | 252.5M | 210.4M | 36M | 25.6M | 29.4M | 28.0M | |
Intangible Assets | 568.5M | 513M | 519.6M | 447.1M | 514.2M | 397.6M | |
Other Current Liab | 183.1M | 185.5M | 206.5M | 192.2M | 221.0M | 120.9M | |
Current Deferred Revenue | 9M | 12.3M | 11.8M | 10.4M | 9.4M | 8.9M | |
Good Will | 1.1B | 1.1B | 1.2B | 1.2B | 1.4B | 871.2M | |
Common Stock | 642.4M | 641.9M | 640M | 636.6M | 732.1M | 562.7M | |
Other Liab | 251.3M | 234.8M | 223M | 222.4M | 200.2M | 198.8M | |
Net Tangible Assets | (116.9M) | 93.1M | 189.3M | 221.9M | 199.7M | 140.0M | |
Other Assets | 89M | 86.5M | 87.1M | 114.2M | 102.8M | 130.2M | |
Long Term Debt | 790.4M | 778.2M | 979.3M | 937.8M | 1.1B | 822.8M | |
Deferred Long Term Liab | 43.6M | 39.2M | 37.5M | 53.6M | 48.2M | 37.4M | |
Short Long Term Debt | 229.7M | 187.3M | 10.7M | 2.1M | 1.9M | 1.8M | |
Property Plant Equipment | 820.1M | 847M | 830.5M | 896.8M | 1.0B | 785.6M | |
Net Invested Capital | 2.8B | 2.7B | 2.9B | 2.8B | 3.3B | 3.0B | |
Net Working Capital | 347.2M | 433.2M | 587.7M | 574.1M | 660.2M | 499.7M |
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
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.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.