TVA Net Income Per Share vs Free Cash Flow Per Share Analysis

TVA-B Stock

CAD 0.90 0.05 5.26%

TVA financial indicator trend analysis is much more than just breaking down TVA Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TVA Group is a good investment. Please check the relationship between TVA Net Income Per Share and its Free Cash Flow Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TVA Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Net Income Per Share vs Free Cash Flow Per Share

Net Income Per Share vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TVA Group Net Income Per Share account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have no relationship.

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

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Income Per Share

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.

Most indicators from TVA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TVA Group 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 TVA Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, TVA's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 295 M in 2024, whereas Selling General Administrative is likely to drop slightly above 114.2 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	622.8M	594.4M	545.2M	549.1M
Depreciation And Amortization	32.1M	29.9M	27.7M	29.3M

Total Revenue Depreciation And Amortization

TVA fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Short Term Investments
Total Assets		-0.32	0.78	0.67	0.77	0.53	0.26	-0.22	-0.09	0.68	-0.44	0.47	0.33	-0.45	0.82	0.53	-0.39	-0.36	0.45	-0.46	0.56	0.83	-0.22	-0.47	-0.21	-0.3
Short Long Term Debt Total	-0.32		-0.58	-0.33	-0.63	-0.16	-0.3	0.98	0.2	-0.52	0.15	0.43	-0.19	-0.01	-0.61	-0.62	0.64	0.19	-0.13	0.38	0.34	-0.63	0.46	0.48	0.52	0.33
Other Current Liab	0.78	-0.58		0.84	0.63	0.77	0.62	-0.56	-0.38	0.6	-0.05	0.13	0.06	-0.02	0.79	0.71	-0.64	-0.4	0.18	-0.63	0.46	0.79	-0.19	-0.62	-0.42	-0.46
Total Current Liabilities	0.67	-0.33	0.84		0.51	0.86	0.58	-0.33	-0.25	0.51	0.14	0.12	-0.09	0.07	0.76	0.52	-0.78	-0.51	-0.07	-0.74	0.5	0.68	0.33	-0.57	-0.45	-0.47
Total Stockholder Equity	0.77	-0.63	0.63	0.51		0.26	0.07	-0.53	0.21	0.54	-0.46	-0.01	0.26	-0.41	0.86	0.48	-0.64	-0.2	0.45	-0.56	-0.06	0.88	-0.22	-0.48	-0.41	-0.59
Property Plant And Equipment Net	0.53	-0.16	0.77	0.86	0.26		0.76	-0.22	-0.45	0.48	0.39	0.1	-0.25	0.36	0.55	0.54	-0.5	-0.4	-0.17	-0.7	0.66	0.53	0.2	-0.6	-0.38	-0.51
Current Deferred Revenue	0.26	-0.3	0.62	0.58	0.07	0.76		-0.4	-0.5	0.36	0.46	0.08	-0.35	0.54	0.27	0.47	-0.35	-0.28	-0.28	-0.48	0.43	0.24	-0.09	-0.41	-0.06	-0.31
Net Debt	-0.22	0.98	-0.56	-0.33	-0.53	-0.22	-0.4		0.26	-0.52	-0.02	0.5	-0.09	-0.2	-0.55	-0.62	0.64	0.19	-0.02	0.4	0.34	-0.56	0.44	0.49	0.53	0.34
Retained Earnings	-0.09	0.2	-0.38	-0.25	0.21	-0.45	-0.5	0.26		-0.45	-0.15	0.18	-0.29	-0.33	-0.1	-0.73	0.02	0.41	-0.05	0.1	-0.39	-0.22	0.29	0.49	0.4	-0.23
Accounts Payable	0.68	-0.52	0.6	0.51	0.54	0.48	0.36	-0.52	-0.45		-0.06	-0.01	0.34	0.06	0.75	0.72	-0.37	-0.48	0.18	-0.42	0.33	0.76	-0.36	-0.54	-0.47	-0.12
Cash	-0.44	0.15	-0.05	0.14	-0.46	0.39	0.46	-0.02	-0.15	-0.06		-0.27	-0.74	0.93	-0.22	-0.14	-0.06	-0.01	-0.81	-0.16	0.07	-0.32	0.36	0.11	0.05	-0.11
Non Current Assets Total	0.47	0.43	0.13	0.12	-0.01	0.1	0.08	0.5	0.18	-0.01	-0.27		0.01	-0.42	-0.04	-0.29	0.34	0.02	0.2	0.19	0.7	-0.1	-0.03	0.31	0.61	0.23
Non Currrent Assets Other	0.33	-0.19	0.06	-0.09	0.26	-0.25	-0.35	-0.09	-0.29	0.34	-0.74	0.01		-0.56	0.3	0.41	0.05	-0.18	0.62	0.15	0.02	0.37	-0.41	-0.44	-0.3	0.27
Cash And Short Term Investments	-0.45	-0.01	-0.02	0.07	-0.41	0.36	0.54	-0.2	-0.33	0.06	0.93	-0.42	-0.56		-0.18	0.06	-0.07	-0.06	-0.65	-0.22	-0.03	-0.23	0.12	-0.08	-0.09	-0.15
Net Receivables	0.82	-0.61	0.79	0.76	0.86	0.55	0.27	-0.55	-0.1	0.75	-0.22	-0.04	0.3	-0.18		0.65	-0.74	-0.38	0.21	-0.65	0.2	0.95	-0.1	-0.69	-0.54	-0.51
Common Stock Shares Outstanding	0.53	-0.62	0.71	0.52	0.48	0.54	0.47	-0.62	-0.73	0.72	-0.14	-0.29	0.41	0.06	0.65		-0.45	-0.45	0.26	-0.45	0.21	0.78	-0.4	-0.77	-0.63	-0.19
Non Current Liabilities Total	-0.39	0.64	-0.64	-0.78	-0.64	-0.5	-0.35	0.64	0.02	-0.37	-0.06	0.34	0.05	-0.07	-0.74	-0.45		0.39	0.03	0.74	0.13	-0.65	-0.3	0.56	0.64	0.6
Inventory	-0.36	0.19	-0.4	-0.51	-0.2	-0.4	-0.28	0.19	0.41	-0.48	-0.01	0.02	-0.18	-0.06	-0.38	-0.45	0.39		0.01	0.63	-0.3	-0.41	-0.07	0.3	0.49	-0.04
Other Current Assets	0.45	-0.13	0.18	-0.07	0.45	-0.17	-0.28	-0.02	-0.05	0.18	-0.81	0.2	0.62	-0.65	0.21	0.26	0.03	0.01		-0.01	0.04	0.38	-0.41	-0.25	-0.24	-0.11
Other Stockholder Equity	-0.46	0.38	-0.63	-0.74	-0.56	-0.7	-0.48	0.4	0.1	-0.42	-0.16	0.19	0.15	-0.22	-0.65	-0.45	0.74	0.63	-0.01		-0.17	-0.64	-0.2	0.6	0.64	0.75
Total Liab	0.56	0.34	0.46	0.5	-0.06	0.66	0.43	0.34	-0.39	0.33	0.07	0.7	0.02	-0.03	0.2	0.21	0.13	-0.3	0.04	-0.17		0.19	0.05	-0.21	0.12	0.05
Total Current Assets	0.83	-0.63	0.79	0.68	0.88	0.53	0.24	-0.56	-0.22	0.76	-0.32	-0.1	0.37	-0.23	0.95	0.78	-0.65	-0.41	0.38	-0.64	0.19		-0.22	-0.73	-0.63	-0.49
Short Term Debt	-0.22	0.46	-0.19	0.33	-0.22	0.2	-0.09	0.44	0.29	-0.36	0.36	-0.03	-0.41	0.12	-0.1	-0.4	-0.3	-0.07	-0.41	-0.2	0.05	-0.22		0.14	-0.04	-0.14
Intangible Assets	-0.47	0.48	-0.62	-0.57	-0.48	-0.6	-0.41	0.49	0.49	-0.54	0.11	0.31	-0.44	-0.08	-0.69	-0.77	0.56	0.3	-0.25	0.6	-0.21	-0.73	0.14		0.7	0.54
Good Will	-0.21	0.52	-0.42	-0.45	-0.41	-0.38	-0.06	0.53	0.4	-0.47	0.05	0.61	-0.3	-0.09	-0.54	-0.63	0.64	0.49	-0.24	0.64	0.12	-0.63	-0.04	0.7		0.44
Short Term Investments	-0.3	0.33	-0.46	-0.47	-0.59	-0.51	-0.31	0.34	-0.23	-0.12	-0.11	0.23	0.27	-0.15	-0.51	-0.19	0.6	-0.04	-0.11	0.75	0.05	-0.49	-0.14	0.54	0.44

Click cells to compare fundamentals

TVA Account Relationship Matchups

TVA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	575.1M	589.2M	661.1M	676.1M	626.5M	609.3M
Short Long Term Debt Total	56.1M	41.0M	22.3M	18.8M	91.7M	61.6M
Other Current Liab	112.1M	88.0M	117.9M	143.0M	80.9M	94.6M
Total Current Liabilities	252.5M	222.6M	258.6M	262.5M	184.6M	205.3M
Total Stockholder Equity	289.0M	311.4M	379.3M	393.4M	347.3M	303.5M
Property Plant And Equipment Net	184.2M	175.6M	169.4M	165.4M	148.7M	152.3M
Current Deferred Revenue	16.9M	14.1M	10.0M	11.0M	8.4M	12.5M
Net Debt	52.7M	38.1M	17.2M	27.6M	91.7M	56.9M
Retained Earnings	75.9M	108.2M	138.7M	129.8M	81.9M	90.9M
Accounts Payable	75.1M	80.3M	114.6M	93.2M	91.6M	86.9M
Cash	3.4M	2.8M	5.2M	(8.8M)	(7.7M)	(7.3M)
Non Current Assets Total	317.2M	314.7M	326.9M	352.9M	315.6M	355.0M
Non Currrent Assets Other	54.7M	57.2M	93.9M	47.8M	120.2M	126.3M
Cash And Short Term Investments	3.4M	2.8M	5.2M	(8.8M)	1.0	0.95
Net Receivables	163.1M	155.5M	216.6M	183.7M	166.8M	155.1M
Liabilities And Stockholders Equity	575.1M	589.2M	661.1M	676.1M	626.5M	609.3M
Non Current Liabilities Total	32.5M	53.9M	22.0M	20.1M	94.6M	68.3M
Inventory	3.1M	3.2M	3.9M	629K	733K	696.4K
Other Current Assets	3.1M	3.2M	3.9M	138.8M	143.4M	150.5M
Total Liab	285.0M	276.6M	280.6M	282.7M	279.2M	299.1M
Total Current Assets	258.0M	274.5M	334.1M	323.1M	310.9M	254.3M
Short Term Debt	48.1M	31.8M	14.5M	14.7M	2.1M	1.9M
Intangible Assets	29.3M	25.0M	20.6M	100.2M	9.1M	8.6M
Good Will	7.9M	9.1M	23.7M	21.7M	16.9M	16.0M
Accumulated Other Comprehensive Income	5.3M	(4.6M)	32.7M	55.7M	57.6M	60.4M
Other Liab	24.5M	44.8M	14.2M	13.7M	15.7M	20.8M
Net Tangible Assets	183.3M	207.4M	264.5M	268.8M	309.1M	204.1M
Other Assets	16.7M	23.9M	30.7M	50.9M	58.6M	61.5M
Long Term Investments	10.6M	11.2M	12.1M	12.0M	12.2M	9.8M
Short Long Term Debt	44.8M	28.8M	12.0M	10.1M	176K	167.2K
Property Plant Equipment	184.2M	175.6M	169.4M	165.4M	190.2M	198.8M
Non Current Liabilities Other	986K	590K	291K	2.0M	1.4M	1.2M
Net Invested Capital	333.8M	340.2M	391.2M	403.4M	431.4M	400.6M
Net Working Capital	5.5M	51.9M	75.5M	60.6M	126.3M	132.6M

Pair Trading with TVA

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

Moving against TVA Stock

0.8	AMZN	Amazon CDR	Pair Corr
0.8	WMT	Walmart Inc CDR	Pair Corr
0.63	BRK	Berkshire Hathaway CDR	Pair Corr
0.5	AAPL	Apple Inc CDR	Pair Corr
0.4	GOOG	Alphabet CDR	Pair Corr

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

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

Additional Tools for TVA Stock Analysis

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

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