Westport Free Cash Flow Per Share vs Average Payables Analysis

WPRT Stock  CAD 5.89  0.17  2.81%   
Westport Fuel financial indicator trend analysis is more than just analyzing Westport Fuel Systems current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westport Fuel Systems is a good investment. Please check the relationship between Westport Fuel Free Cash Flow Per Share and its Average Payables accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. 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 Average Payables

Free Cash Flow Per Share vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westport Fuel Systems Free Cash Flow Per Share account and Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Westport Fuel's Free Cash Flow Per Share and Average Payables is -0.22. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of Westport Fuel Systems, assuming nothing else is changed. The correlation between historical values of Westport Fuel's Free Cash Flow Per Share and Average Payables 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 Westport Fuel Systems are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Free Cash Flow Per Share i.e., Westport Fuel's Free Cash Flow Per Share and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Westport Fuel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westport Fuel Systems 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. 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, Westport Fuel's Tax Provision is very stable compared to the past year. As of the 14th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.21, while Selling General Administrative is likely to drop about 25 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses344.6M349.5M377.7M396.6M
Total Revenue312.4M305.7M331.8M348.4M

Westport Fuel fundamental ratios Correlations

0.70.710.890.58-0.55-0.320.450.860.910.050.170.820.55-0.080.580.170.710.20.980.670.280.490.580.630.49
0.70.80.360.470.12-0.440.620.350.770.090.220.280.590.320.90.420.890.120.630.690.250.460.550.36-0.06
0.710.80.330.710.02-0.720.810.320.610.320.440.250.80.40.730.580.960.310.710.650.60.690.760.48-0.08
0.890.360.330.35-0.790.040.090.970.79-0.080.00.960.26-0.40.21-0.150.30.120.880.52-0.010.280.320.550.75
0.580.470.710.350.02-0.850.910.30.420.70.680.260.930.210.480.480.670.80.620.310.530.510.870.52-0.13
-0.550.120.02-0.790.02-0.30.29-0.86-0.40.370.3-0.880.180.380.160.230.070.2-0.59-0.180.04-0.090.08-0.32-0.86
-0.32-0.44-0.720.04-0.85-0.3-0.910.05-0.23-0.61-0.620.1-0.81-0.42-0.58-0.64-0.71-0.62-0.34-0.1-0.68-0.42-0.78-0.280.45
0.450.620.810.090.910.29-0.910.070.330.670.710.020.940.440.640.670.80.660.480.360.540.570.880.41-0.36
0.860.350.320.970.3-0.860.050.070.75-0.18-0.090.990.19-0.290.24-0.070.310.020.870.510.020.320.250.50.8
0.910.770.610.790.42-0.4-0.230.330.75-0.06-0.010.710.38-0.050.640.140.670.120.810.680.190.370.390.340.46
0.050.090.32-0.080.70.37-0.610.67-0.18-0.060.93-0.180.71-0.020.010.460.220.930.10.110.130.170.70.1-0.37
0.170.220.440.00.680.3-0.620.71-0.09-0.010.93-0.110.78-0.110.120.440.350.790.240.180.110.250.820.32-0.39
0.820.280.250.960.26-0.880.10.020.990.71-0.18-0.110.14-0.320.16-0.090.240.030.820.5-0.030.310.20.440.85
0.550.590.80.260.930.18-0.810.940.190.380.710.780.140.220.520.490.740.70.60.430.480.570.940.6-0.26
-0.080.320.4-0.40.210.38-0.420.44-0.29-0.05-0.02-0.11-0.320.220.450.650.45-0.04-0.090.030.580.220.08-0.16-0.36
0.580.90.730.210.480.16-0.580.640.240.640.010.120.160.520.450.50.890.050.520.380.460.320.540.32-0.23
0.170.420.58-0.150.480.23-0.640.67-0.070.140.460.44-0.090.490.650.50.580.410.170.190.480.190.52-0.13-0.28
0.710.890.960.30.670.07-0.710.80.310.670.220.350.240.740.450.890.580.230.680.590.590.60.720.45-0.14
0.20.120.310.120.80.2-0.620.660.020.120.930.790.030.7-0.040.050.410.230.230.130.180.170.650.14-0.18
0.980.630.710.880.62-0.59-0.340.480.870.810.10.240.820.6-0.090.520.170.680.230.620.30.520.640.720.47
0.670.690.650.520.31-0.18-0.10.360.510.680.110.180.50.430.030.380.190.590.130.620.00.690.350.230.42
0.280.250.6-0.010.530.04-0.680.540.020.190.130.11-0.030.480.580.460.480.590.180.30.00.240.470.3-0.25
0.490.460.690.280.51-0.09-0.420.570.320.370.170.250.310.570.220.320.190.60.170.520.690.240.40.340.19
0.580.550.760.320.870.08-0.780.880.250.390.70.820.20.940.080.540.520.720.650.640.350.470.40.62-0.24
0.630.360.480.550.52-0.32-0.280.410.50.340.10.320.440.6-0.160.32-0.130.450.140.720.230.30.340.620.08
0.49-0.06-0.080.75-0.13-0.860.45-0.360.80.46-0.37-0.390.85-0.26-0.36-0.23-0.28-0.14-0.180.470.42-0.250.19-0.240.08
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Westport Fuel Account Relationship Matchups

Westport Fuel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets279.9M346.3M471.3M407.5M355.7M219.4M
Short Long Term Debt Total66.4M113.4M97.9M76.4M82.8M46.0M
Total Current Liabilities114.6M147.0M146.4M135.5M134.8M68.1M
Total Stockholder Equity89.4M104.1M236.4M204.0M160.4M106.9M
Property Plant And Equipment Net76.4M85.5M93.3M86.4M92.4M97.0M
Net Debt22.7M49.1M(27.0M)(9.8M)28.1M29.5M
Retained Earnings(998.3M)(1.0B)(992.0M)(1.0B)(1.1B)(1.0B)
Accounts Payable60.2M84.6M73.4M72.9M70.6M74.1M
Cash43.7M64.3M124.9M86.2M54.8M54.4M
Non Current Assets Total111.7M128.4M132.7M130.2M139.0M76.3M
Non Currrent Assets Other6.7M11.6M11.6M18.0M31.9M33.5M
Other Assets(1K)13.8M23.3M28.5M32.7M34.4M
Cash And Short Term Investments43.7M64.3M124.9M86.2M54.8M68.1M
Net Receivables67.0M90.5M101.5M101.6M88.1M92.5M
Common Stock Shares Outstanding144.1M137.1M16.2M17.1M17.2M30.6M
Liabilities And Stockholders Equity279.9M346.3M471.3M407.5M355.7M219.4M
Non Current Liabilities Total76.0M95.2M88.4M68.0M60.5M44.4M
Other Stockholder Equity16.9M19.2M11.5M11.5M21.2M20.1M
Total Liab190.6M242.2M234.9M203.5M195.3M112.5M
Property Plant And Equipment Gross76.4M85.5M93.3M86.4M192.7M202.3M
Total Current Assets168.2M217.9M338.6M277.2M216.8M143.2M
Short Term Debt18.0M44.2M28.4M24.2M32.6M16.3M
Other Current Liab67.5M20.4M40.0M34.0M27.4M20.4M
Current Deferred Revenue2.7M8.0M3.5M4.4M2.4M2.1M
Inventory47.8M51.4M83.1M81.6M67.5M70.9M
Other Current Assets9.7M11.8M46.2M28.0M6.4M8.2M
Accumulated Other Comprehensive Income(23.9M)(24.5M)(33.5M)(35.3M)(30.8M)(29.3M)
Intangible Assets13.1M11.8M9.3M7.8M6.8M12.0M
Common Stock Total Equity1.1B1.1B1.1B1.1B1.3B835.8M
Common Stock1.1B1.1B1.2B1.2B1.2B935.5M
Good Will3.1M3.4M3.1M3.0M3.1M2.9M
Other Liab27.5M26.0M19.0M15.7M14.1M21.8M
Net Tangible Assets73.2M88.9M224.0M193.2M222.2M133.2M
Long Term Debt46.6M52.5M44.0M32.2M31.0M36.7M
Long Term Investments10.6M14.0M3.8M4.6M5.4M5.1M
Short Long Term Debt13.0M38.9M23.7M20.8M29.3M20.8M
Property Plant Equipment76.4M85.5M93.3M86.4M99.3M76.7M
Long Term Debt Total47.6M54.2M49.9M36.5M32.9M41.5M

Pair Trading with Westport Fuel

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 Westport Fuel 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 Westport Fuel will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Westport Fuel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westport Fuel 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 Westport Fuel - 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 Westport Fuel Systems to buy it.
The correlation of Westport Fuel 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 Westport Fuel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westport Fuel Systems 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 Westport Fuel 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
When determining whether Westport Fuel Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Westport Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Westport Fuel Systems Stock. Highlighted below are key reports to facilitate an investment decision about Westport Fuel Systems Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. 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.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between Westport Fuel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westport Fuel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westport Fuel's 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.