New Ev To Free Cash Flow vs Pe Ratio Analysis

NFG Stock

CAD 2.53 0.15 6.30%

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

Ev To Free Cash Flow vs Pe Ratio

Ev To Free Cash Flow vs Pe Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Found Gold Ev To Free Cash Flow account and Pe Ratio. At this time, the significance of the direction appears to have very strong relationship.

The correlation between New Found's Ev To Free Cash Flow and Pe Ratio is 0.83. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Pe Ratio in the same time period over historical financial statements of New Found Gold, assuming nothing else is changed. The correlation between historical values of New Found's Ev To Free Cash Flow and Pe 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 Ev To Free Cash Flow of New Found Gold are associated (or correlated) with its Pe Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pe Ratio has no effect on the direction of Ev To Free Cash Flow i.e., New Found's Ev To Free Cash Flow and Pe Ratio go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Pe Ratio

Most indicators from New Found's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Found Gold 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 New Found Gold. 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.

Selling General Administrative is likely to climb to about 10.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 66 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	56.7M	88.7M	104.1M	64.2M
Cost Of Revenue	582.9K	880.4K	940.2K	560.1K

Total Operating Expenses Cost Of Revenue

New Found fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock	Net Working Capital	Other Liab	Non Current Liabilities Other
Other Current Liab		1.0	0.82	-0.8	0.84	0.85	0.79	0.77	0.84	0.86	0.81	0.75	0.95	0.83	0.9	0.86	0.37	-0.81	0.95	0.75	0.95	0.9	0.66	-0.32	-0.32
Total Current Liabilities	1.0		0.84	-0.84	0.87	0.87	0.81	0.76	0.85	0.87	0.8	0.74	0.97	0.82	0.93	0.89	0.35	-0.83	0.94	0.74	0.97	0.92	0.64	-0.36	-0.36
Net Tangible Assets	0.82	0.84		-0.93	0.92	0.92	0.99	0.88	1.0	0.97	0.93	0.92	0.93	0.93	0.91	0.97	0.56	-0.72	0.9	0.92	0.92	0.96	0.85	-0.66	-0.66
Retained Earnings	-0.8	-0.84	-0.93		-0.99	-0.94	-0.91	-0.66	-0.94	-0.95	-0.76	-0.72	-0.92	-0.75	-0.94	-0.99	-0.24	0.8	-0.82	-0.72	-0.93	-0.94	-0.61	0.79	0.79
Accounts Payable	0.84	0.87	0.92	-0.99		0.96	0.88	0.65	0.93	0.96	0.75	0.71	0.93	0.75	0.94	0.98	0.2	-0.85	0.85	0.71	0.94	0.92	0.6	-0.77	-0.77
Net Receivables	0.85	0.87	0.92	-0.94	0.96		0.88	0.75	0.95	0.99	0.84	0.79	0.95	0.84	0.93	0.95	0.36	-0.92	0.93	0.79	0.94	0.92	0.71	-0.69	-0.69
Other Stockholder Equity	0.79	0.81	0.99	-0.91	0.88	0.88		0.89	0.99	0.94	0.93	0.93	0.9	0.92	0.88	0.95	0.6	-0.64	0.86	0.93	0.89	0.94	0.86	-0.63	-0.63
Total Current Assets	0.77	0.76	0.88	-0.66	0.65	0.75	0.89		0.87	0.81	0.99	0.99	0.8	0.99	0.74	0.77	0.86	-0.54	0.88	0.99	0.79	0.83	0.98	-0.27	-0.27
Common Stock	0.84	0.85	1.0	-0.94	0.93	0.95	0.99	0.87		0.98	0.93	0.91	0.94	0.92	0.92	0.98	0.54	-0.75	0.91	0.91	0.94	0.96	0.84	-0.67	-0.67
Property Plant Equipment	0.86	0.87	0.97	-0.95	0.96	0.99	0.94	0.81	0.98		0.89	0.86	0.96	0.89	0.94	0.98	0.45	-0.86	0.94	0.86	0.95	0.95	0.78	-0.69	-0.69
Total Assets	0.81	0.8	0.93	-0.76	0.75	0.84	0.93	0.99	0.93	0.89		0.99	0.86	1.0	0.81	0.84	0.79	-0.63	0.92	0.99	0.85	0.88	0.97	-0.4	-0.4
Total Stockholder Equity	0.75	0.74	0.92	-0.72	0.71	0.79	0.93	0.99	0.91	0.86	0.99		0.81	0.99	0.76	0.81	0.83	-0.55	0.88	1.0	0.8	0.85	0.99	-0.39	-0.39
Property Plant And Equipment Net	0.95	0.97	0.93	-0.92	0.93	0.95	0.9	0.8	0.94	0.96	0.86	0.81		0.86	0.99	0.97	0.41	-0.87	0.96	0.81	1.0	0.98	0.71	-0.52	-0.52
Cash	0.83	0.82	0.93	-0.75	0.75	0.84	0.92	0.99	0.92	0.89	1.0	0.99	0.86		0.8	0.84	0.77	-0.64	0.93	0.99	0.85	0.88	0.96	-0.38	-0.38
Non Current Assets Total	0.9	0.93	0.91	-0.94	0.94	0.93	0.88	0.74	0.92	0.94	0.81	0.76	0.99	0.8		0.97	0.34	-0.86	0.91	0.76	0.99	0.98	0.65	-0.56	-0.56
Common Stock Shares Outstanding	0.86	0.89	0.97	-0.99	0.98	0.95	0.95	0.77	0.98	0.98	0.84	0.81	0.97	0.84	0.97		0.37	-0.81	0.89	0.81	0.97	0.98	0.71	-0.7	-0.7
Short Term Investments	0.37	0.35	0.56	-0.24	0.2	0.36	0.6	0.86	0.54	0.45	0.79	0.83	0.41	0.77	0.34	0.37		-0.12	0.54	0.83	0.39	0.47	0.9	0.05	0.05
Other Current Assets	-0.81	-0.83	-0.72	0.8	-0.85	-0.92	-0.64	-0.54	-0.75	-0.86	-0.63	-0.55	-0.87	-0.64	-0.86	-0.81	-0.12		-0.85	-0.55	-0.87	-0.79	-0.46	0.54	0.54
Total Liab	0.95	0.94	0.9	-0.82	0.85	0.93	0.86	0.88	0.91	0.94	0.92	0.88	0.96	0.93	0.91	0.89	0.54	-0.85		0.88	0.95	0.92	0.81	-0.41	-0.41
Net Invested Capital	0.75	0.74	0.92	-0.72	0.71	0.79	0.93	0.99	0.91	0.86	0.99	1.0	0.81	0.99	0.76	0.81	0.83	-0.55	0.88		0.8	0.85	0.99	-0.39	-0.39
Property Plant And Equipment Gross	0.95	0.97	0.92	-0.93	0.94	0.94	0.89	0.79	0.94	0.95	0.85	0.8	1.0	0.85	0.99	0.97	0.39	-0.87	0.95	0.8		0.98	0.7	-0.53	-0.53
Capital Stock	0.9	0.92	0.96	-0.94	0.92	0.92	0.94	0.83	0.96	0.95	0.88	0.85	0.98	0.88	0.98	0.98	0.47	-0.79	0.92	0.85	0.98		0.75	-0.56	-0.56
Net Working Capital	0.66	0.64	0.85	-0.61	0.6	0.71	0.86	0.98	0.84	0.78	0.97	0.99	0.71	0.96	0.65	0.71	0.9	-0.46	0.81	0.99	0.7	0.75		-0.32	-0.32
Other Liab	-0.32	-0.36	-0.66	0.79	-0.77	-0.69	-0.63	-0.27	-0.67	-0.69	-0.4	-0.39	-0.52	-0.38	-0.56	-0.7	0.05	0.54	-0.41	-0.39	-0.53	-0.56	-0.32		1.0
Non Current Liabilities Other	-0.32	-0.36	-0.66	0.79	-0.77	-0.69	-0.63	-0.27	-0.67	-0.69	-0.4	-0.39	-0.52	-0.38	-0.56	-0.7	0.05	0.54	-0.41	-0.39	-0.53	-0.56	-0.32	1.0

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New Found Account Relationship Matchups

New Found fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	21.7K	185.4K	10.1M	21.5M	12.4M	7.0M
Total Current Liabilities	392.8K	635.1K	12.8M	27.1M	19.0M	9.6M
Net Tangible Assets	955.2K	9.0M	72.9M	122.7M	141.1M	148.1M
Retained Earnings	(6.4M)	(39.0M)	(89.6M)	(179.6M)	(259.5M)	(246.5M)
Accounts Payable	371.2K	396.5K	2.5M	5.3M	6.1M	6.4M
Net Receivables	274.3K	337.2K	2.8K	1.8M	2.1M	2.2M
Other Stockholder Equity	530.6K	4.7M	24.2M	30.5M	35.0M	36.8M
Total Current Assets	8.2M	71.2M	136.5M	94.3M	62.4M	59.0M
Common Stock	2.8M	10.7M	87.7M	181.8M	209.1M	219.5M
Property Plant Equipment	719.3K	1.1M	2.4M	11.5M	13.3M	13.9M

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