Evertz Roic vs Free Cash Flow Yield Analysis

ET Stock

CAD 12.60 0.28 2.27%

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

Roic vs Free Cash Flow Yield

Roic vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evertz Technologies Roic account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Evertz Technologies' Roic and Free Cash Flow Yield is -0.63. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Evertz Technologies Limited, assuming nothing else is changed. The correlation between historical values of Evertz Technologies' Roic and Free Cash Flow 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 Roic of Evertz Technologies Limited are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Roic i.e., Evertz Technologies' Roic and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

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.

Most indicators from Evertz Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evertz Technologies 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 Evertz Technologies 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 estimate.

As of the 11th of December 2024, Selling General Administrative is likely to drop to about 55.9 M. In addition to that, Tax Provision is likely to drop to about 18.4 M

	2021	2022	2023	2024 (projected)
Gross Profit	255.3M	268.3M	294.0M	213.6M
Total Revenue	441.0M	454.6M	514.6M	369.8M

Gross Profit Total Revenue

Evertz Technologies 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Good Will	Intangible Assets	Other Current Assets	Common Stock
Total Assets		0.16	-0.56	0.3	0.84	0.74	0.31	-0.37	0.53	0.74	0.45	0.77	0.44	0.73	0.74	0.21	0.81	-0.11	0.3	0.34	0.99	0.18	0.96	-0.19	0.66	0.48
Short Long Term Debt Total	0.16		0.55	0.71	-0.34	0.64	0.62	0.6	-0.61	0.61	-0.45	0.7	-0.45	0.26	0.31	0.94	0.38	-0.74	0.77	0.79	0.0	0.81	0.35	0.69	0.45	0.63
Other Current Liab	-0.56	0.55		0.36	-0.83	-0.08	0.24	0.84	-0.87	-0.04	-0.81	-0.05	-0.79	-0.14	-0.22	0.36	-0.15	-0.65	0.37	0.23	-0.66	0.49	-0.38	0.54	-0.08	0.3
Total Current Liabilities	0.3	0.71	0.36		-0.17	0.48	0.98	0.56	-0.49	0.65	-0.48	0.58	-0.46	0.45	0.71	0.55	0.59	-0.41	0.99	0.91	0.2	0.82	0.45	0.47	0.53	0.8
Total Stockholder Equity	0.84	-0.34	-0.83	-0.17		0.42	-0.11	-0.73	0.89	0.31	0.75	0.38	0.74	0.46	0.51	-0.21	0.45	0.23	-0.18	-0.11	0.9	-0.24	0.7	-0.49	0.34	0.03
Property Plant And Equipment Net	0.74	0.64	-0.08	0.48	0.42		0.43	0.09	0.05	0.8	0.05	0.96	0.03	0.64	0.68	0.66	0.71	-0.54	0.52	0.56	0.63	0.46	0.85	0.24	0.55	0.7
Current Deferred Revenue	0.31	0.62	0.24	0.98	-0.11	0.43		0.44	-0.4	0.57	-0.37	0.52	-0.35	0.38	0.73	0.49	0.54	-0.26	0.97	0.89	0.24	0.75	0.42	0.4	0.52	0.73
Net Debt	-0.37	0.6	0.84	0.56	-0.73	0.09	0.44		-0.9	0.25	-0.98	0.15	-0.98	0.23	0.02	0.39	0.2	-0.6	0.56	0.45	-0.48	0.6	-0.12	0.45	0.0	0.51
Retained Earnings	0.53	-0.61	-0.87	-0.49	0.89	0.05	-0.4	-0.9		-0.12	0.87	-0.01	0.87	0.09	0.19	-0.41	0.02	0.44	-0.49	-0.4	0.63	-0.47	0.32	-0.58	0.06	-0.4
Accounts Payable	0.74	0.61	-0.04	0.65	0.31	0.8	0.57	0.25	-0.12		-0.14	0.89	-0.16	0.79	0.66	0.49	0.89	-0.38	0.64	0.68	0.64	0.55	0.86	0.27	0.67	0.83
Cash	0.45	-0.45	-0.81	-0.48	0.75	0.05	-0.37	-0.98	0.87	-0.14		-0.01	1.0	-0.19	0.02	-0.22	-0.13	0.49	-0.46	-0.33	0.54	-0.49	0.22	-0.36	0.11	-0.43
Non Current Assets Total	0.77	0.7	-0.05	0.58	0.38	0.96	0.52	0.15	-0.01	0.89	-0.01		-0.02	0.69	0.7	0.69	0.78	-0.54	0.62	0.69	0.65	0.57	0.89	0.34	0.61	0.74
Cash And Short Term Investments	0.44	-0.45	-0.79	-0.46	0.74	0.03	-0.35	-0.98	0.87	-0.16	1.0	-0.02		-0.21	0.03	-0.22	-0.15	0.49	-0.45	-0.32	0.53	-0.47	0.21	-0.34	0.11	-0.44
Net Receivables	0.73	0.26	-0.14	0.45	0.46	0.64	0.38	0.23	0.09	0.79	-0.19	0.69	-0.21		0.67	0.16	0.93	-0.39	0.42	0.37	0.68	0.34	0.83	-0.15	0.51	0.67
Common Stock Shares Outstanding	0.74	0.31	-0.22	0.71	0.51	0.68	0.73	0.02	0.19	0.66	0.02	0.7	0.03	0.67		0.24	0.73	-0.18	0.7	0.65	0.69	0.51	0.78	0.05	0.53	0.71
Non Current Liabilities Total	0.21	0.94	0.36	0.55	-0.21	0.66	0.49	0.39	-0.41	0.49	-0.22	0.69	-0.22	0.16	0.24		0.27	-0.67	0.63	0.71	0.06	0.68	0.35	0.62	0.37	0.44
Inventory	0.81	0.38	-0.15	0.59	0.45	0.71	0.54	0.2	0.02	0.89	-0.13	0.78	-0.15	0.93	0.73	0.27		-0.34	0.56	0.52	0.75	0.41	0.89	-0.09	0.65	0.79
Other Stockholder Equity	-0.11	-0.74	-0.65	-0.41	0.23	-0.54	-0.26	-0.6	0.44	-0.38	0.49	-0.54	0.49	-0.39	-0.18	-0.67	-0.34		-0.45	-0.38	0.02	-0.63	-0.29	-0.33	-0.32	-0.47
Total Liab	0.3	0.77	0.37	0.99	-0.18	0.52	0.97	0.56	-0.49	0.64	-0.46	0.62	-0.45	0.42	0.7	0.63	0.56	-0.45		0.93	0.19	0.85	0.45	0.51	0.53	0.79
Property Plant And Equipment Gross	0.34	0.79	0.23	0.91	-0.11	0.56	0.89	0.45	-0.4	0.68	-0.33	0.69	-0.32	0.37	0.65	0.71	0.52	-0.38	0.93		0.23	0.84	0.49	0.61	0.47	0.68
Total Current Assets	0.99	0.0	-0.66	0.2	0.9	0.63	0.24	-0.48	0.63	0.64	0.54	0.65	0.53	0.68	0.69	0.06	0.75	0.02	0.19	0.23		0.06	0.91	-0.32	0.62	0.37
Short Term Debt	0.18	0.81	0.49	0.82	-0.24	0.46	0.75	0.6	-0.47	0.55	-0.49	0.57	-0.47	0.34	0.51	0.68	0.41	-0.63	0.85	0.84	0.06		0.34	0.51	0.51	0.6
Good Will	0.96	0.35	-0.38	0.45	0.7	0.85	0.42	-0.12	0.32	0.86	0.22	0.89	0.21	0.83	0.78	0.35	0.89	-0.29	0.45	0.49	0.91	0.34		-0.03	0.66	0.64
Intangible Assets	-0.19	0.69	0.54	0.47	-0.49	0.24	0.4	0.45	-0.58	0.27	-0.36	0.34	-0.34	-0.15	0.05	0.62	-0.09	-0.33	0.51	0.61	-0.32	0.51	-0.03		0.04	0.36
Other Current Assets	0.66	0.45	-0.08	0.53	0.34	0.55	0.52	0.0	0.06	0.67	0.11	0.61	0.11	0.51	0.53	0.37	0.65	-0.32	0.53	0.47	0.62	0.51	0.66	0.04		0.48
Common Stock	0.48	0.63	0.3	0.8	0.03	0.7	0.73	0.51	-0.4	0.83	-0.43	0.74	-0.44	0.67	0.71	0.44	0.79	-0.47	0.79	0.68	0.37	0.6	0.64	0.36	0.48

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Evertz Technologies Account Relationship Matchups

Evertz Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	443.7M	451.8M	421.0M	436.7M	484.7M	399.7M
Short Long Term Debt Total	30.1M	27.9M	26.8M	28.8M	23.2M	11.6M
Other Current Liab	23.4M	8.4M	23.5M	25.6M	8.9M	12.5M
Total Current Liabilities	120.8M	133.1M	164.6M	171.7M	199.1M	209.1M
Total Stockholder Equity	295.0M	292.7M	230.9M	243.1M	263.3M	298.6M
Property Plant And Equipment Net	76.6M	68.4M	62.5M	55.1M	54.8M	48.3M
Current Deferred Revenue	45.1M	58.0M	74.3M	69.8M	119.6M	125.6M
Net Debt	(44.9M)	(83.4M)	(7.1M)	16.3M	(63.1M)	(66.3M)
Retained Earnings	141.8M	140.7M	80.6M	87.5M	97.1M	188.7M
Accounts Payable	53.0M	66.7M	55.8M	67.2M	63.1M	43.2M
Cash	75.0M	108.8M	33.9M	12.5M	86.3M	71.4M
Non Current Assets Total	99.2M	104.2M	97.5M	93.5M	84.2M	69.6M
Cash And Short Term Investments	75.0M	108.8M	33.9M	12.5M	86.3M	80.2M
Net Receivables	98.5M	79.6M	106.4M	117.9M	96.9M	82.0M
Common Stock Shares Outstanding	76.6M	76.4M	76.6M	76.2M	77.0M	81.8M
Liabilities And Stockholders Equity	443.7M	451.8M	421.0M	436.7M	484.7M	399.7M
Non Current Liabilities Total	25.5M	23.8M	22.8M	18.8M	18.9M	11.0M
Inventory	162.0M	152.7M	177.3M	202.5M	206.2M	137.7M
Other Stockholder Equity	8.2M	(294.0M)	9.5M	(235.0M)	(245.5M)	1.05
Total Liab	146.3M	156.9M	187.3M	190.6M	218.0M	228.9M
Property Plant And Equipment Gross	76.6M	172.0M	171.5M	163.8M	170.6M	179.1M
Total Current Assets	344.5M	347.6M	323.5M	343.2M	400.6M	330.1M
Accumulated Other Comprehensive Income	1.0M	(1.1M)	(4.1M)	(2.4M)	20.4M	21.5M
Short Term Debt	4.6M	4.1M	4.1M	10.0M	4.1M	6.9M
Good Will	20.8M	21.1M	21.0M	21.3M	21.4M	17.5M
Intangible Assets	1.6M	4.5M	3.3M	2.1M	1.1M	2.0M
Other Current Assets	9.0M	6.6M	5.9M	10.3M	11.2M	7.0M
Common Stock	143.9M	143.6M	143.5M	143.3M	145.7M	132.1M
Net Tangible Assets	272.7M	267.1M	206.6M	219.6M	197.7M	232.4M
Property Plant Equipment	76.6M	68.4M	62.5M	55.1M	63.4M	60.2M
Non Currrent Assets Other	1.2M	1.0	(99.0M)	1.1M	988.2K	938.8K
Long Term Debt Total	25.5M	23.8M	22.8M	18.8M	21.7M	12.8M
Net Invested Capital	295.3M	295.3M	230.9M	249.0M	263.3M	233.6M
Cash And Equivalents	75.0M	108.8M	33.9M	12.5M	11.2M	10.7M
Net Working Capital	223.7M	214.5M	158.9M	171.4M	201.4M	178.2M

Pair Trading with Evertz Technologies

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

Moving against Evertz Stock

0.59	RCI-A	Rogers Communications	Pair Corr
0.53	ARA	Aclara Resources	Pair Corr
0.47	CCL-A	CCL Industries	Pair Corr

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

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

Other Information on Investing in Evertz Stock

Balance Sheet is a snapshot of the financial position of Evertz Technologies at a specified time, usually calculated after every quarter, six months, or one year. Evertz Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Evertz Technologies and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Evertz currently owns. An asset can also be divided into two categories, current and non-current.

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Evertz Roic vs Free Cash Flow Yield Analysis

Roic vs Free Cash Flow Yield

Roic vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Roic

Free Cash Flow Yield

Evertz Technologies fundamental ratios Correlations

Evertz Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Evertz Technologies fundamental ratios Accounts

Pair Trading with Evertz Technologies

Moving against Evertz Stock

Other Information on Investing in Evertz Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Current Deferred Revenue	+ 0.98	Total Current Liabilities
Total Liab	+ 0.97	Current Deferred Revenue
Good Will	+ 0.96	Total Assets

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Retained Earnings	- 0.9	Net Debt
Retained Earnings	- 0.87	Other Current Liab
Total Stockholder Equity	- 0.83	Other Current Liab
Cash	- 0.81	Other Current Liab