Linamar Free Cash Flow vs Change To Netincome Analysis

LNR Stock

CAD 59.85 3.56 5.61%

Linamar financial indicator trend analysis is infinitely more than just investigating Linamar recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Linamar is a good investment. Please check the relationship between Linamar Free Cash Flow and its Change To Netincome accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Linamar. 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 vs Change To Netincome

Free Cash Flow vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Linamar Free Cash Flow account and Change To Netincome. At this time, the significance of the direction appears to have weak relationship.

The correlation between Linamar's Free Cash Flow and Change To Netincome is 0.34. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Linamar, assuming nothing else is changed. The correlation between historical values of Linamar's Free Cash Flow and Change To Netincome 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 of Linamar are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Free Cash Flow i.e., Linamar's Free Cash Flow and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.34

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Netincome

Most indicators from Linamar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Linamar 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Linamar. 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, Linamar's Selling General Administrative is very stable compared to the past year. As of the 28th of November 2024, Enterprise Value Over EBITDA is likely to grow to 6.39, while Tax Provision is likely to drop about 160.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	18.4M	28.3M	69.4M	72.8M
Depreciation And Amortization	448.8M	441.0M	491.5M	516.1M

Interest Expense Depreciation And Amortization

Linamar 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	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Intangible Assets	Current Deferred Revenue	Good Will
Total Assets		0.84	0.97	0.97	0.99	0.98	0.52	0.99	0.97	1.0	0.37	0.94	-0.51	0.85	0.96	0.9	0.11	0.98	0.89	0.99	0.05	0.84	0.84	0.95	0.37	0.97
Short Long Term Debt Total	0.84		0.73	0.72	0.75	0.82	0.89	0.74	0.72	0.85	0.62	0.9	-0.32	0.98	0.76	0.69	0.0	0.92	0.57	0.79	-0.08	0.5	0.5	0.8	0.04	0.81
Other Current Liab	0.97	0.73		0.99	0.97	0.97	0.4	0.96	0.98	0.95	0.2	0.88	-0.6	0.73	0.95	0.92	0.07	0.93	0.91	0.97	0.18	0.85	0.85	0.89	0.4	0.91
Total Current Liabilities	0.97	0.72	0.99		0.97	0.96	0.36	0.97	0.97	0.95	0.2	0.86	-0.59	0.71	0.94	0.94	0.12	0.92	0.91	0.97	0.25	0.89	0.89	0.9	0.45	0.93
Total Stockholder Equity	0.99	0.75	0.97	0.97		0.96	0.39	1.0	0.97	0.98	0.33	0.89	-0.5	0.76	0.94	0.9	0.12	0.94	0.9	0.98	0.08	0.9	0.9	0.94	0.45	0.96
Property Plant And Equipment Net	0.98	0.82	0.97	0.96	0.96		0.54	0.96	0.97	0.97	0.32	0.94	-0.59	0.83	0.96	0.92	0.03	0.97	0.89	0.97	0.03	0.78	0.78	0.89	0.3	0.91
Net Debt	0.52	0.89	0.4	0.36	0.39	0.54		0.38	0.4	0.55	0.59	0.67	-0.21	0.87	0.48	0.4	-0.04	0.67	0.25	0.47	-0.28	0.05	0.05	0.49	-0.31	0.49
Retained Earnings	0.99	0.74	0.96	0.97	1.0	0.96	0.38		0.97	0.98	0.32	0.88	-0.51	0.76	0.94	0.9	0.13	0.93	0.91	0.98	0.07	0.9	0.9	0.95	0.47	0.96
Accounts Payable	0.97	0.72	0.98	0.97	0.97	0.97	0.4	0.97		0.94	0.14	0.9	-0.64	0.76	0.99	0.92	0.14	0.94	0.96	0.99	0.07	0.83	0.83	0.88	0.32	0.91
Non Current Assets Total	1.0	0.85	0.95	0.95	0.98	0.97	0.55	0.98	0.94		0.43	0.92	-0.49	0.86	0.93	0.89	0.11	0.98	0.86	0.97	0.03	0.83	0.83	0.96	0.38	0.97
Non Currrent Assets Other	0.37	0.62	0.2	0.2	0.33	0.32	0.59	0.32	0.14	0.43		0.46	0.37	0.56	0.12	0.11	-0.19	0.41	-0.07	0.27	-0.14	0.23	0.23	0.41	0.13	0.41
Net Receivables	0.94	0.9	0.88	0.86	0.89	0.94	0.67	0.88	0.9	0.92	0.46		-0.43	0.91	0.9	0.79	-0.06	0.96	0.77	0.94	-0.03	0.7	0.7	0.82	0.12	0.85
Common Stock Shares Outstanding	-0.51	-0.32	-0.6	-0.59	-0.5	-0.59	-0.21	-0.51	-0.64	-0.49	0.37	-0.43		-0.35	-0.67	-0.67	-0.36	-0.51	-0.72	-0.55	-0.03	-0.3	-0.3	-0.42	-0.03	-0.45
Non Current Liabilities Total	0.85	0.98	0.73	0.71	0.76	0.83	0.87	0.76	0.76	0.86	0.56	0.91	-0.35		0.8	0.68	0.03	0.92	0.63	0.81	-0.23	0.49	0.49	0.81	0.0	0.81
Inventory	0.96	0.76	0.95	0.94	0.94	0.96	0.48	0.94	0.99	0.93	0.12	0.9	-0.67	0.8		0.91	0.19	0.95	0.96	0.97	-0.01	0.76	0.76	0.88	0.24	0.9
Other Current Assets	0.9	0.69	0.92	0.94	0.9	0.92	0.4	0.9	0.92	0.89	0.11	0.79	-0.67	0.68	0.91		0.24	0.88	0.9	0.9	0.18	0.77	0.77	0.84	0.33	0.88
Other Stockholder Equity	0.11	0.0	0.07	0.12	0.12	0.03	-0.04	0.13	0.14	0.11	-0.19	-0.06	-0.36	0.03	0.19	0.24		0.08	0.23	0.1	-0.04	0.1	0.1	0.25	-0.02	0.26
Total Liab	0.98	0.92	0.93	0.92	0.94	0.97	0.67	0.93	0.94	0.98	0.41	0.96	-0.51	0.92	0.95	0.88	0.08		0.84	0.97	0.01	0.75	0.75	0.93	0.25	0.94
Property Plant And Equipment Gross	0.89	0.57	0.91	0.91	0.9	0.89	0.25	0.91	0.96	0.86	-0.07	0.77	-0.72	0.63	0.96	0.9	0.23	0.84		0.92	0.01	0.78	0.78	0.81	0.33	0.84
Total Current Assets	0.99	0.79	0.97	0.97	0.98	0.97	0.47	0.98	0.99	0.97	0.27	0.94	-0.55	0.81	0.97	0.9	0.1	0.97	0.92		0.08	0.85	0.85	0.91	0.33	0.93
Short Term Debt	0.05	-0.08	0.18	0.25	0.08	0.03	-0.28	0.07	0.07	0.03	-0.14	-0.03	-0.03	-0.23	-0.01	0.18	-0.04	0.01	0.01	0.08		0.35	0.35	0.03	0.5	0.07
Cash	0.84	0.5	0.85	0.89	0.9	0.78	0.05	0.9	0.83	0.83	0.23	0.7	-0.3	0.49	0.76	0.77	0.1	0.75	0.78	0.85	0.35		1.0	0.83	0.69	0.85
Cash And Short Term Investments	0.84	0.5	0.85	0.89	0.9	0.78	0.05	0.9	0.83	0.83	0.23	0.7	-0.3	0.49	0.76	0.77	0.1	0.75	0.78	0.85	0.35	1.0		0.83	0.69	0.85
Intangible Assets	0.95	0.8	0.89	0.9	0.94	0.89	0.49	0.95	0.88	0.96	0.41	0.82	-0.42	0.81	0.88	0.84	0.25	0.93	0.81	0.91	0.03	0.83	0.83		0.46	0.99
Current Deferred Revenue	0.37	0.04	0.4	0.45	0.45	0.3	-0.31	0.47	0.32	0.38	0.13	0.12	-0.03	0.0	0.24	0.33	-0.02	0.25	0.33	0.33	0.5	0.69	0.69	0.46		0.44
Good Will	0.97	0.81	0.91	0.93	0.96	0.91	0.49	0.96	0.91	0.97	0.41	0.85	-0.45	0.81	0.9	0.88	0.26	0.94	0.84	0.93	0.07	0.85	0.85	0.99	0.44

Click cells to compare fundamentals

Linamar Account Relationship Matchups

Linamar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.6B	7.6B	7.4B	8.6B	9.9B	10.3B
Short Long Term Debt Total	1.9B	1.3B	791.5M	1.3B	1.8B	1.9B
Other Current Liab	474.5M	670.5M	505.1M	690.3M	798.5M	838.4M
Total Current Liabilities	1.4B	2.2B	1.7B	2.2B	2.5B	2.6B
Total Stockholder Equity	4.0B	4.4B	4.6B	4.8B	5.3B	5.6B
Property Plant And Equipment Net	2.8B	2.6B	2.4B	2.8B	3.7B	3.8B
Net Debt	1.6B	442.1M	(136.9M)	447.9M	1.1B	1.2B
Retained Earnings	3.8B	4.1B	4.4B	4.6B	5.0B	5.3B
Accounts Payable	772.3M	865.5M	984.5M	1.2B	1.4B	1.5B
Non Current Assets Total	5.0B	4.8B	4.4B	4.9B	5.9B	6.1B
Non Currrent Assets Other	488.6M	315.4M	187.2M	49.9M	44.3M	42.0M
Net Receivables	1.2B	963.3M	937.6M	1.3B	1.4B	1.5B
Common Stock Shares Outstanding	65.6M	65.3M	65.6M	63.9M	61.6M	54.2M
Liabilities And Stockholders Equity	7.6B	7.6B	7.4B	8.6B	9.9B	10.3B
Non Current Liabilities Total	2.2B	1.0B	1.0B	1.6B	2.0B	2.1B
Inventory	991.8M	864.2M	1.1B	1.5B	1.8B	1.9B
Other Current Assets	47.3M	61.2M	49.7M	61.5M	98.0M	102.9M
Other Stockholder Equity	27.6M	25.5M	28.8M	31.4M	34.2M	42.7M
Total Liab	3.5B	3.2B	2.8B	3.8B	4.5B	4.8B
Property Plant And Equipment Gross	2.8B	2.6B	4.9B	5.6B	6.9B	7.3B
Total Current Assets	2.5B	2.7B	3.0B	3.7B	4.0B	4.2B
Accumulated Other Comprehensive Income	39.2M	108.2M	(25.9M)	43.9M	99.4M	104.4M
Short Term Debt	(467.8M)	577.3M	21.1M	26.7M	40.5M	54.5M
Cash	338.2M	861.1M	928.4M	860.5M	653.3M	686.0M
Cash And Short Term Investments	338.2M	861.1M	928.4M	860.5M	653.3M	686.0M
Intangible Assets	881.1M	871.0M	813.0M	916.3M	942.3M	989.4M
Current Deferred Revenue	65.4M	709.1M	732.3M	157.5M	156.2M	191.9M
Good Will	858.5M	890.1M	853.3M	948.9M	1.0B	1.1B
Other Liab	295.8M	280.1M	276.0M	326.6M	375.6M	217.4M
Net Tangible Assets	2.4B	2.7B	3.1B	3.1B	3.5B	2.5B
Other Assets	668.1M	551.1M	439.0M	172.4M	198.2M	188.3M
Long Term Debt	1.8B	671.2M	770.5M	1.2B	1.7B	1.3B
Deferred Long Term Liab	117.7M	129.3M	120.9M	116.7M	134.2M	75.4M
Long Term Investments	6.6M	6.6M	14.4M	18.2M	8.2M	9.3M
Short Long Term Debt	31.7M	577.3M	21.1M	26.7M	40.5M	38.5M
Property Plant Equipment	2.8B	2.6B	2.4B	2.8B	3.2B	2.4B
Long Term Debt Total	1.9B	725.9M	770.5M	1.3B	1.5B	1.4B

Pair Trading with Linamar

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

Moving against Linamar Stock

0.35

ERC

Eros Resources Corp

Pair Corr

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

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

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

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Linamar Free Cash Flow vs Change To Netincome Analysis

Free Cash Flow vs Change To Netincome

Free Cash Flow vs Change To Netincome Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Netincome

Linamar fundamental ratios Correlations

Linamar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Linamar fundamental ratios Accounts

Pair Trading with Linamar

Moving against Linamar Stock

Other Information on Investing in Linamar Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Property Plant And Equipment Gross	- 0.72	Common Stock Shares Outstanding
Other Current Assets	- 0.67	Common Stock Shares Outstanding
Inventory	- 0.67	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.64	Accounts Payable
Common Stock Shares Outstanding	- 0.6	Other Current Liab
Common Stock Shares Outstanding	- 0.59	Property Plant And Equipment Net