First Free Cash Flow Per Share vs Days Sales Outstanding Analysis

FN Stock

CAD 44.04 0.07 0.16%

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

Free Cash Flow Per Share vs Days Sales Outstanding

Free Cash Flow Per Share vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First National Financial Free Cash Flow Per Share account and Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between First National's Free Cash Flow Per Share and Days Sales Outstanding is -0.36. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of First National Financial, assuming nothing else is changed. The correlation between historical values of First National's Free Cash Flow Per Share and Days Sales Outstanding 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 First National Financial are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Free Cash Flow Per Share i.e., First National's Free Cash Flow Per Share and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.36

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Days Sales Outstanding

Most indicators from First National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First National Financial 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 First National Financial. 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 30th of November 2024, Enterprise Value is likely to grow to about 45.1 B, while Selling General Administrative is likely to drop about 112.9 M.

	2021	2022	2023	2024 (projected)
Operating Income	263.8M	252.4M	550.9M	578.5M
Other Operating Expenses	249.8M	429.9M	200.5M	280.8M

Operating Income Other Operating Expenses

First National fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Non Current Liabilities Total	Other Stockholder Equity	Short Long Term Debt Total	Net Debt	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Short Term Investments	Inventory	Other Current Assets	Property Plant And Equipment Gross	Short Term Debt
Total Assets		-0.33	0.59	0.93	0.55	0.16	0.5	0.67	0.99	0.12	0.58	0.99	0.27	0.98	0.99	0.59	0.29	0.94	-0.67	-0.62	-0.09	0.89	0.79	-0.16	0.59	0.6
Other Current Liab	-0.33		-0.09	-0.21	-0.15	-0.08	-0.21	0.06	-0.35	0.01	-0.11	-0.34	-0.13	-0.35	-0.37	-0.21	-0.2	-0.42	0.3	0.3	0.2	-0.37	-0.37	0.27	-0.21	-0.18
Total Current Liabilities	0.59	-0.09		0.55	0.82	0.44	0.65	0.29	0.54	0.25	0.49	0.6	0.3	0.69	0.63	0.75	0.45	0.66	-0.5	-0.06	-0.46	0.56	0.43	-0.41	0.75	1.0
Total Stockholder Equity	0.93	-0.21	0.55		0.62	0.31	0.59	0.59	0.92	-0.06	0.64	0.94	0.48	0.89	0.92	0.65	0.43	0.94	-0.74	-0.55	-0.18	0.9	0.84	-0.26	0.65	0.56
Accounts Payable	0.55	-0.15	0.82	0.62		0.7	0.82	0.32	0.5	-0.32	0.67	0.59	0.63	0.63	0.62	0.96	0.68	0.66	-0.8	-0.21	-0.69	0.6	0.69	-0.64	0.96	0.82
Non Current Assets Total	0.16	-0.08	0.44	0.31	0.7		0.91	0.16	0.18	-0.33	0.76	0.24	0.52	0.21	0.25	0.59	0.94	0.34	-0.53	0.33	-0.94	0.26	0.35	-0.95	0.59	0.45
Net Receivables	0.5	-0.21	0.65	0.59	0.82	0.91		0.4	0.52	-0.17	0.85	0.57	0.52	0.56	0.59	0.71	0.87	0.65	-0.68	0.07	-0.88	0.56	0.57	-0.88	0.71	0.66
Common Stock Shares Outstanding	0.67	0.06	0.29	0.59	0.32	0.16	0.4		0.69	0.14	0.71	0.68	-0.12	0.64	0.67	0.23	0.2	0.49	-0.26	-0.29	-0.07	0.42	0.36	-0.21	0.23	0.28
Total Liab	0.99	-0.35	0.54	0.92	0.5	0.18	0.52	0.69		0.16	0.62	0.99	0.23	0.97	0.98	0.52	0.31	0.94	-0.63	-0.57	-0.1	0.88	0.77	-0.19	0.52	0.56
Total Current Assets	0.12	0.01	0.25	-0.06	-0.32	-0.33	-0.17	0.14	0.16		-0.13	0.09	-0.56	0.16	0.1	-0.41	-0.28	0.05	0.51	0.29	0.28	-0.04	-0.39	0.25	-0.41	0.24
Common Stock	0.58	-0.11	0.49	0.64	0.67	0.76	0.85	0.71	0.62	-0.13		0.65	0.28	0.57	0.62	0.54	0.84	0.6	-0.52	0.04	-0.61	0.5	0.5	-0.79	0.54	0.5
Non Current Liabilities Total	0.99	-0.34	0.6	0.94	0.59	0.24	0.57	0.68	0.99	0.09	0.65		0.3	0.98	0.99	0.61	0.38	0.95	-0.69	-0.57	-0.16	0.89	0.8	-0.25	0.61	0.61
Other Stockholder Equity	0.27	-0.13	0.3	0.48	0.63	0.52	0.52	-0.12	0.23	-0.56	0.28	0.3		0.29	0.31	0.7	0.48	0.43	-0.81	-0.37	-0.48	0.48	0.71	-0.37	0.7	0.31
Short Long Term Debt Total	0.98	-0.35	0.69	0.89	0.63	0.21	0.56	0.64	0.97	0.16	0.57	0.98	0.29		0.99	0.65	0.29	0.95	-0.68	-0.59	-0.19	0.87	0.78	-0.21	0.65	0.7
Net Debt	0.99	-0.37	0.63	0.92	0.62	0.25	0.59	0.67	0.98	0.1	0.62	0.99	0.31	0.99		0.64	0.35	0.96	-0.71	-0.59	-0.22	0.88	0.81	-0.25	0.64	0.65
Property Plant And Equipment Net	0.59	-0.21	0.75	0.65	0.96	0.59	0.71	0.23	0.52	-0.41	0.54	0.61	0.7	0.65	0.64		0.58	0.69	-0.89	-0.39	-0.58	0.62	0.76	-0.51	1.0	0.75
Current Deferred Revenue	0.29	-0.2	0.45	0.43	0.68	0.94	0.87	0.2	0.31	-0.28	0.84	0.38	0.48	0.29	0.35	0.58		0.45	-0.53	0.28	-0.8	0.37	0.42	-0.94	0.58	0.47
Retained Earnings	0.94	-0.42	0.66	0.94	0.66	0.34	0.65	0.49	0.94	0.05	0.6	0.95	0.43	0.95	0.96	0.69	0.45		-0.76	-0.52	-0.29	0.93	0.84	-0.32	0.69	0.68
Non Currrent Assets Other	-0.67	0.3	-0.5	-0.74	-0.8	-0.53	-0.68	-0.26	-0.63	0.51	-0.52	-0.69	-0.81	-0.68	-0.71	-0.89	-0.53	-0.76		0.6	0.51	-0.76	-0.94	0.42	-0.89	-0.51
Cash And Short Term Investments	-0.62	0.3	-0.06	-0.55	-0.21	0.33	0.07	-0.29	-0.57	0.29	0.04	-0.57	-0.37	-0.59	-0.59	-0.39	0.28	-0.52	0.6		-0.29	-0.58	-0.72	-0.36	-0.39	-0.07
Good Will	-0.09	0.2	-0.46	-0.18	-0.69	-0.94	-0.88	-0.07	-0.1	0.28	-0.61	-0.16	-0.48	-0.19	-0.22	-0.58	-0.8	-0.29	0.51	-0.29		-0.18	-0.3	0.91	-0.58	-0.48
Short Term Investments	0.89	-0.37	0.56	0.9	0.6	0.26	0.56	0.42	0.88	-0.04	0.5	0.89	0.48	0.87	0.88	0.62	0.37	0.93	-0.76	-0.58	-0.18		0.88	-0.21	0.62	0.58
Inventory	0.79	-0.37	0.43	0.84	0.69	0.35	0.57	0.36	0.77	-0.39	0.5	0.8	0.71	0.78	0.81	0.76	0.42	0.84	-0.94	-0.72	-0.3	0.88		-0.28	0.76	0.45
Other Current Assets	-0.16	0.27	-0.41	-0.26	-0.64	-0.95	-0.88	-0.21	-0.19	0.25	-0.79	-0.25	-0.37	-0.21	-0.25	-0.51	-0.94	-0.32	0.42	-0.36	0.91	-0.21	-0.28		-0.51	-0.43
Property Plant And Equipment Gross	0.59	-0.21	0.75	0.65	0.96	0.59	0.71	0.23	0.52	-0.41	0.54	0.61	0.7	0.65	0.64	1.0	0.58	0.69	-0.89	-0.39	-0.58	0.62	0.76	-0.51		0.75
Short Term Debt	0.6	-0.18	1.0	0.56	0.82	0.45	0.66	0.28	0.56	0.24	0.5	0.61	0.31	0.7	0.65	0.75	0.47	0.68	-0.51	-0.07	-0.48	0.58	0.45	-0.43	0.75

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First National Account Relationship Matchups

First National fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.7B	39.5B	42.3B	43.8B	46.0B	25.1B
Other Current Liab	(59.5M)	(52.4M)	50.2M	52.6M	(47.4M)	(45.0M)
Total Current Liabilities	59.5M	52.4M	4.6B	4.5B	4.2B	4.4B
Total Stockholder Equity	561.7M	570.8M	487.6M	699.0M	737.8M	387.4M
Accounts Payable	57.8M	58.2M	51.2M	222.4M	255.7M	268.5M
Non Current Assets Total	1.9B	2.3B	119.1M	119.1M	48.5B	50.9B
Net Receivables	173.1M	182.1M	170.7M	197.8M	478.1M	502.0M
Liabilities And Stockholders Equity	37.7B	39.5B	42.3B	43.8B	46.0B	25.1B
Total Liab	37.1B	38.9B	36.9B	38.4B	45.2B	24.1B
Total Current Assets	165.6M	159.1M	117.8M	146.6M	(2.6B)	(2.4B)
Non Current Liabilities Total	33.5B	35.5B	36.9B	38.4B	45.4B	23.9B
Other Stockholder Equity	(3.4M)	(33.3M)	(89.8M)	60.7M	69.8M	73.3M
Accumulated Other Comprehensive Income	(3.4M)	(33.3M)	(7.6M)	60.7M	39.9M	37.9M
Short Long Term Debt Total	33.4B	35.4B	41.4B	42.7B	40.6B	30.1B
Net Debt	33.4B	35.4B	37.0B	38.5B	40.6B	28.6B
Property Plant And Equipment Net	18.3M	33.2M	89.4M	89.4M	82.9M	87.1M
Retained Earnings	345.0M	384.0M	365.0M	418.2M	477.8M	312.1M
Non Currrent Assets Other	(1.9B)	(2.3B)	(2.7B)	(2.2B)	(2.7B)	(2.5B)
Cash And Short Term Investments	(7.5M)	(22.9M)	(52.9M)	(51.2M)	702.4M	737.5M
Inventory	1.3B	1.2B	1.3B	1.1B	1.3B	871.8M
Other Current Assets	799.2M	807.5M	951.9M	790.8M	(1.2B)	(1.1B)
Property Plant And Equipment Gross	18.3M	33.2M	89.4M	89.4M	82.9M	87.1M
Other Assets	35.6B	37.1B	42.0B	43.5B	46.0B	24.5B
Other Liab	82.3M	67.1M	88M	149.4M	171.8M	180.4M
Net Tangible Assets	434.5M	443.6M	450.2M	571.8M	657.6M	435.0M
Long Term Debt	33.4B	35.3B	36.9B	38.4B	40.6B	33.9B
Property Plant Equipment	18.3M	33.2M	89.4M	89.4M	102.8M	107.9M
Cash	(7.5M)	(22.9M)	(52.9M)	(51.2M)	702.4M	737.5M
Long Term Debt Total	33.4B	35.4B	37.0B	38.4B	44.2B	35.4B
Net Invested Capital	33.9B	35.8B	37.4B	39.0B	41.2B	39.1B
Long Term Investments	33.9B	36.4B	38.2B	2.2B	2.6B	2.4B

Pair Trading with First National

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

Moving together with First Stock

0.91	TRP	TC Energy Corp	Pair Corr
0.96	MFC	Manulife Financial Corp	Pair Corr

Moving against First Stock

0.71	AQN	Algonquin Power Utilities	Pair Corr
0.58	T	Telus Corp	Pair Corr
0.53	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr

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

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

Balance Sheet is a snapshot of the financial position of First National Financial at a specified time, usually calculated after every quarter, six months, or one year. First National Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of First National 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 First currently owns. An asset can also be divided into two categories, current and non-current.

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First Free Cash Flow Per Share vs Days Sales Outstanding Analysis

Free Cash Flow Per Share vs Days Sales Outstanding

Free Cash Flow Per Share vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Days Sales Outstanding

First National fundamental ratios Correlations

First National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First National fundamental ratios Accounts

Pair Trading with First National

Moving together with First Stock

Moving against First Stock

Other Information on Investing in First Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Debt	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Liab

Other Current Assets	- 0.95	Non Current Assets Total
Inventory	- 0.94	Non Currrent Assets Other
Other Current Assets	- 0.94	Current Deferred Revenue
Good Will	- 0.94	Non Current Assets Total
Property Plant And Equipment Gross	- 0.89	Non Currrent Assets Other
Non Currrent Assets Other	- 0.89	Property Plant And Equipment Net