Empire Free Cash Flow Yield vs Price To Sales Ratio Analysis

EMP-A Stock

CAD 43.03 0.31 0.72%

Empire Company financial indicator trend analysis is much more than just examining Empire Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empire Limited is a good investment. Please check the relationship between Empire Company Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Company Limited. 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 Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empire Limited Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Empire Company's Free Cash Flow Yield and Price To Sales Ratio is 0.42. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Empire Company Limited, assuming nothing else is changed. The correlation between historical values of Empire Company's Free Cash Flow Yield and Price To Sales Ratio 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 Empire Company Limited are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Empire Company's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

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.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Empire Limited stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Empire Company sales, a figure that is much harder to manipulate than other Empire Company Limited multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Empire Company's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empire Limited 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Company Limited. 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.

Enterprise Value is likely to gain to about 15.8 B in 2024, whereas Discontinued Operations is likely to drop slightly above 67.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	301.9M	284M	303.6M	318.8M
Depreciation And Amortization	967.1M	1.0B	1.1B	1.1B

Interest Expense Depreciation And Amortization

Empire Company fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	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	Short Term Investments	Current Deferred Revenue	Good Will
Total Assets		0.8	0.09	0.94	0.79	0.79	0.77	0.55	0.94	0.45	0.86	0.58	0.44	0.93	0.47	0.82	0.92	0.14	-0.64	0.84	0.92	0.68	0.91	-0.61	-0.74	0.44
Short Long Term Debt Total	0.8		-0.17	0.76	0.39	0.98	1.0	0.25	0.67	0.38	0.94	0.92	0.4	0.74	0.34	0.99	0.63	-0.01	-0.58	0.98	0.67	0.76	0.65	-0.35	-0.92	0.21
Other Current Liab	0.09	-0.17		0.17	0.34	-0.16	-0.16	-0.01	0.28	-0.16	0.01	-0.28	-0.17	0.09	0.65	-0.12	0.38	0.73	0.05	-0.05	0.29	-0.23	0.38	-0.41	0.31	0.14
Total Current Liabilities	0.94	0.76	0.17		0.68	0.76	0.72	0.38	0.96	0.58	0.8	0.55	0.57	0.89	0.56	0.77	0.93	0.13	-0.66	0.82	0.96	0.77	0.91	-0.68	-0.78	0.21
Total Stockholder Equity	0.79	0.39	0.34	0.68		0.43	0.38	0.84	0.79	0.24	0.64	0.18	0.23	0.74	0.37	0.45	0.8	0.29	-0.27	0.49	0.75	0.2	0.81	-0.75	-0.28	0.76
Property Plant And Equipment Net	0.79	0.98	-0.16	0.76	0.43		0.98	0.33	0.69	0.35	0.96	0.93	0.38	0.79	0.3	0.99	0.64	-0.05	-0.53	0.98	0.67	0.72	0.66	-0.44	-0.89	0.19
Net Debt	0.77	1.0	-0.16	0.72	0.38	0.98		0.24	0.63	0.29	0.94	0.93	0.32	0.73	0.33	0.99	0.61	0.01	-0.54	0.97	0.62	0.73	0.64	-0.32	-0.89	0.22
Retained Earnings	0.55	0.25	-0.01	0.38	0.84	0.33	0.24		0.49	0.1	0.48	0.16	0.1	0.62	-0.17	0.3	0.46	0.02	-0.05	0.31	0.45	0.02	0.48	-0.61	-0.17	0.72
Accounts Payable	0.94	0.67	0.28	0.96	0.79	0.69	0.63	0.49		0.53	0.77	0.45	0.52	0.9	0.57	0.7	0.98	0.18	-0.62	0.76	0.98	0.58	0.94	-0.79	-0.63	0.3
Cash	0.45	0.38	-0.16	0.58	0.24	0.35	0.29	0.1	0.53		0.34	0.17	1.0	0.34	0.25	0.37	0.38	-0.22	-0.57	0.42	0.62	0.55	0.29	-0.45	-0.51	0.0
Non Current Assets Total	0.86	0.94	0.01	0.8	0.64	0.96	0.94	0.48	0.77	0.34		0.84	0.36	0.82	0.41	0.96	0.75	0.09	-0.5	0.97	0.75	0.62	0.78	-0.58	-0.81	0.42
Non Currrent Assets Other	0.58	0.92	-0.28	0.55	0.18	0.93	0.93	0.16	0.45	0.17	0.84		0.2	0.63	0.16	0.91	0.42	-0.16	-0.34	0.89	0.43	0.64	0.45	-0.2	-0.82	0.04
Cash And Short Term Investments	0.44	0.4	-0.17	0.57	0.23	0.38	0.32	0.1	0.52	1.0	0.36	0.2		0.33	0.24	0.39	0.36	-0.23	-0.56	0.44	0.61	0.55	0.28	-0.46	-0.52	0.0
Net Receivables	0.93	0.74	0.09	0.89	0.74	0.79	0.73	0.62	0.9	0.34	0.82	0.63	0.33		0.29	0.77	0.88	0.09	-0.52	0.8	0.86	0.59	0.85	-0.68	-0.68	0.28
Common Stock Shares Outstanding	0.47	0.34	0.65	0.56	0.37	0.3	0.33	-0.17	0.57	0.25	0.41	0.16	0.24	0.29		0.37	0.62	0.38	-0.41	0.42	0.57	0.3	0.62	-0.35	-0.28	0.12
Non Current Liabilities Total	0.82	0.99	-0.12	0.77	0.45	0.99	0.99	0.3	0.7	0.37	0.96	0.91	0.39	0.77	0.37		0.67	0.02	-0.58	0.99	0.7	0.71	0.69	-0.41	-0.89	0.25
Inventory	0.92	0.63	0.38	0.93	0.8	0.64	0.61	0.46	0.98	0.38	0.75	0.42	0.36	0.88	0.62	0.67		0.29	-0.56	0.73	0.95	0.51	0.98	-0.76	-0.55	0.33
Other Current Assets	0.14	-0.01	0.73	0.13	0.29	-0.05	0.01	0.02	0.18	-0.22	0.09	-0.16	-0.23	0.09	0.38	0.02	0.29		0.16	0.05	0.26	-0.09	0.31	-0.27	0.18	0.24
Other Stockholder Equity	-0.64	-0.58	0.05	-0.66	-0.27	-0.53	-0.54	-0.05	-0.62	-0.57	-0.5	-0.34	-0.56	-0.52	-0.41	-0.58	-0.56	0.16		-0.58	-0.61	-0.58	-0.57	0.23	0.67	-0.01
Total Liab	0.84	0.98	-0.05	0.82	0.49	0.98	0.97	0.31	0.76	0.42	0.97	0.89	0.44	0.8	0.42	0.99	0.73	0.05	-0.58		0.76	0.73	0.74	-0.5	-0.89	0.24
Total Current Assets	0.92	0.67	0.29	0.96	0.75	0.67	0.62	0.45	0.98	0.62	0.75	0.43	0.61	0.86	0.57	0.7	0.95	0.26	-0.61	0.76		0.61	0.9	-0.79	-0.63	0.29
Short Term Debt	0.68	0.76	-0.23	0.77	0.2	0.72	0.73	0.02	0.58	0.55	0.62	0.64	0.55	0.59	0.3	0.71	0.51	-0.09	-0.58	0.73	0.61		0.52	-0.19	-0.9	-0.06
Intangible Assets	0.91	0.65	0.38	0.91	0.81	0.66	0.64	0.48	0.94	0.29	0.78	0.45	0.28	0.85	0.62	0.69	0.98	0.31	-0.57	0.74	0.9	0.52		-0.69	-0.58	0.39
Short Term Investments	-0.61	-0.35	-0.41	-0.68	-0.75	-0.44	-0.32	-0.61	-0.79	-0.45	-0.58	-0.2	-0.46	-0.68	-0.35	-0.41	-0.76	-0.27	0.23	-0.5	-0.79	-0.19	-0.69		0.28	-0.3
Current Deferred Revenue	-0.74	-0.92	0.31	-0.78	-0.28	-0.89	-0.89	-0.17	-0.63	-0.51	-0.81	-0.82	-0.52	-0.68	-0.28	-0.89	-0.55	0.18	0.67	-0.89	-0.63	-0.9	-0.58	0.28		-0.06
Good Will	0.44	0.21	0.14	0.21	0.76	0.19	0.22	0.72	0.3	0.0	0.42	0.04	0.0	0.28	0.12	0.25	0.33	0.24	-0.01	0.24	0.29	-0.06	0.39	-0.3	-0.06

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Empire Company Account Relationship Matchups

Empire Company fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.6B	15.2B	16.6B	16.5B	16.8B	8.5B
Short Long Term Debt Total	6.9B	7.1B	7.5B	7.3B	7.4B	7.7B
Other Current Liab	48.7M	55M	32.7M	102.9M	54M	65.3M
Total Current Liabilities	4.1B	3.5B	4.2B	3.9B	3.9B	2.4B
Total Stockholder Equity	3.9B	4.4B	5.0B	5.2B	5.3B	3.1B
Property Plant And Equipment Net	6.9B	7.7B	8.2B	8.2B	8.5B	8.9B
Net Debt	5.9B	6.2B	6.6B	7.0B	7.1B	7.5B
Retained Earnings	1.9B	2.4B	2.9B	3.2B	3.5B	2.1B
Accounts Payable	3.0B	2.9B	3.0B	3.0B	3.0B	1.9B
Cash	1.0B	890.5M	812.3M	221.3M	259.6M	373.3M
Non Current Assets Total	11.4B	12.0B	13.4B	13.5B	13.7B	14.4B
Non Currrent Assets Other	711.6M	717.5M	714.3M	780.1M	1.1B	1.2B
Cash And Short Term Investments	1.0B	890.5M	812.3M	221.3M	259.6M	447.9M
Net Receivables	603.7M	638M	632.6M	768.6M	793M	461.5M
Common Stock Shares Outstanding	271.4M	269.3M	266.2M	259.4M	248.4M	252.1M
Liabilities And Stockholders Equity	14.6B	15.2B	16.6B	16.5B	16.8B	8.5B
Non Current Liabilities Total	6.6B	7.2B	7.2B	7.3B	7.4B	7.8B
Inventory	1.5B	1.5B	1.6B	1.7B	1.8B	1.0B
Other Current Assets	154M	164.9M	176.3M	221.8M	209.6M	205.4M
Other Stockholder Equity	(3.9B)	(4.3B)	(4.9B)	(5.1B)	56.2M	59.0M
Total Liab	10.6B	10.7B	11.5B	11.1B	11.3B	11.9B
Total Current Assets	3.3B	3.2B	3.2B	3.0B	3.1B	2.1B
Accumulated Other Comprehensive Income	16.1M	14.6M	14M	19.6M	21.1M	22.2M
Short Term Debt	1.0B	537M	1.1B	664.7M	698.9M	391.0M
Intangible Assets	968.8M	976M	1.3B	1.4B	1.3B	721.7M
Current Deferred Revenue	(1.0B)	(537M)	(1.1B)	(737.7M)	(663.9M)	(630.7M)
Good Will	1.6B	1.6B	2.1B	2.1B	2.1B	1.8B
Common Stock	2.0B	2.0B	2.0B	1.9B	1.8B	1.8B
Net Tangible Assets	1.4B	1.4B	1.8B	1.6B	1.8B	1.6B
Other Assets	820.3M	1.3B	1.2B	1.1B	1.3B	858.9M
Long Term Debt	1.1B	1.2B	595.7M	911.3M	981.9M	1.2B
Long Term Investments	619.4M	577.7M	684.8M	701.9M	688.1M	688.8M
Short Long Term Debt	570M	46.5M	581M	174M	113.5M	107.8M
Property Plant Equipment	2.9B	6.9B	7.7B	8.2B	9.4B	5.1B
Non Current Liabilities Other	91.4M	93M	356.8M	279.2M	5.1M	4.8M
Net Invested Capital	5.6B	5.6B	6.2B	6.3B	6.4B	6.5B
Net Working Capital	(804.5M)	(294.7M)	(1.0B)	(902.5M)	(787.7M)	(827.1M)

Pair Trading with Empire Company

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

Moving together with Empire Stock

0.73	AAPL	Apple Inc CDR	Pair Corr
0.65	NVDA	NVIDIA CDR	Pair Corr
0.8	AMZN	Amazon CDR	Pair Corr
0.71	GOOG	Alphabet CDR	Pair Corr

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

The correlation of Empire Company 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 Empire Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire Limited 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 Empire Company 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 Empire Stock Analysis

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

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