Ovintiv Free Cash Flow vs Free Cash Flow Per Share Analysis

OVV Stock  USD 40.51  0.49  1.20%   
Ovintiv financial indicator trend analysis is much more than just breaking down Ovintiv prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ovintiv is a good investment. Please check the relationship between Ovintiv Free Cash Flow and its Free Cash Flow Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.

Free Cash Flow vs Free Cash Flow Per Share

Free Cash Flow vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ovintiv Free Cash Flow account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ovintiv's Free Cash Flow and Free Cash Flow Per Share is 0.97. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Ovintiv, assuming nothing else is changed. The correlation between historical values of Ovintiv's Free Cash Flow and Free Cash Flow Per Share 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 Ovintiv are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Free Cash Flow i.e., Ovintiv's Free Cash Flow and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Free Cash Flow

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

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.
Most indicators from Ovintiv's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ovintiv 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.At this time, Ovintiv's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 4.03 in 2024, whereas Selling General Administrative is likely to drop slightly above 285 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense340M311M355M467.4M
Depreciation And Amortization1.2B1.1B1.8B1.7B

Ovintiv fundamental ratios Correlations

0.81-0.310.590.80.920.840.510.160.050.960.23-0.080.050.810.230.060.85-0.040.560.340.880.190.460.120.32
0.81-0.380.50.380.630.90.23-0.080.360.710.32-0.050.360.60.19-0.010.920.340.260.420.92-0.070.580.380.27
-0.31-0.380.19-0.04-0.11-0.2-0.610.29-0.51-0.18-0.67-0.23-0.51-0.2-0.630.69-0.55-0.54-0.28-0.16-0.450.75-0.520.05-0.69
0.590.50.190.360.570.470.20.220.160.50.16-0.460.160.72-0.380.270.450.020.420.20.610.450.470.56-0.3
0.80.38-0.040.360.850.550.390.24-0.320.87-0.040.04-0.320.640.290.310.4-0.460.40.040.430.430.05-0.120.32
0.920.63-0.110.570.850.80.420.33-0.280.97-0.05-0.25-0.280.70.080.230.68-0.310.510.220.730.360.16-0.010.16
0.840.9-0.20.470.550.80.09-0.05-0.060.86-0.01-0.04-0.060.590.180.250.84-0.050.260.260.850.090.230.170.24
0.510.23-0.610.20.390.420.090.340.340.370.64-0.230.340.420.17-0.70.480.260.680.290.47-0.160.620.030.25
0.16-0.080.290.220.240.33-0.050.34-0.250.16-0.2-0.62-0.25-0.01-0.56-0.070.0-0.250.380.120.040.60.04-0.03-0.53
0.050.36-0.510.16-0.32-0.28-0.060.34-0.25-0.210.80.021.00.180.13-0.550.330.930.030.420.33-0.470.850.490.19
0.960.71-0.180.50.870.970.860.370.16-0.210.0-0.05-0.210.740.240.240.74-0.270.460.220.770.280.2-0.020.3
0.230.32-0.670.16-0.04-0.05-0.010.64-0.20.80.00.010.80.350.29-0.660.40.680.330.230.39-0.510.820.420.36
-0.08-0.05-0.23-0.460.04-0.25-0.04-0.23-0.620.02-0.050.010.02-0.040.680.0-0.05-0.05-0.18-0.28-0.15-0.28-0.13-0.430.62
0.050.36-0.510.16-0.32-0.28-0.060.34-0.251.0-0.210.80.020.180.13-0.550.330.930.030.420.33-0.470.850.490.19
0.810.6-0.20.720.640.70.590.42-0.010.180.740.35-0.040.180.110.120.650.080.370.380.730.260.510.140.2
0.230.19-0.63-0.380.290.080.180.17-0.560.130.240.290.680.130.11-0.140.230.080.01-0.170.13-0.590.07-0.280.99
0.06-0.010.690.270.310.230.25-0.7-0.07-0.550.24-0.660.0-0.550.12-0.14-0.24-0.56-0.37-0.21-0.150.57-0.540.0-0.18
0.850.92-0.550.450.40.680.840.480.00.330.740.4-0.050.330.650.23-0.240.330.50.490.98-0.170.640.180.33
-0.040.34-0.540.02-0.46-0.31-0.050.26-0.250.93-0.270.68-0.050.930.080.08-0.560.33-0.120.550.3-0.540.720.320.14
0.560.26-0.280.420.40.510.260.680.380.030.460.33-0.180.030.370.01-0.370.5-0.120.120.530.030.490.060.07
0.340.42-0.160.20.040.220.260.290.120.420.220.23-0.280.420.38-0.17-0.210.490.550.120.48-0.030.5-0.03-0.1
0.880.92-0.450.610.430.730.850.470.040.330.770.39-0.150.330.730.13-0.150.980.30.530.48-0.060.670.280.23
0.19-0.070.750.450.430.360.09-0.160.6-0.470.28-0.51-0.28-0.470.26-0.590.57-0.17-0.540.03-0.03-0.06-0.24-0.02-0.6
0.460.58-0.520.470.050.160.230.620.040.850.20.82-0.130.850.510.07-0.540.640.720.490.50.67-0.240.480.16
0.120.380.050.56-0.12-0.010.170.03-0.030.49-0.020.42-0.430.490.14-0.280.00.180.320.06-0.030.28-0.020.48-0.24
0.320.27-0.69-0.30.320.160.240.25-0.530.190.30.360.620.190.20.99-0.180.330.140.07-0.10.23-0.60.16-0.24
Click cells to compare fundamentals

Ovintiv Account Relationship Matchups

Ovintiv fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.5B14.5B14.1B15.1B20.0B18.9B
Short Long Term Debt Total8.2B8.0B5.8B4.5B6.7B7.8B
Other Current Liab114M1.4B2.3B1.9B1.6B1.7B
Total Current Liabilities2.4B2.4B2.7B2.8B2.8B2.3B
Total Stockholder Equity9.9B3.8B5.1B7.7B10.4B8.3B
Property Plant And Equipment Net16.2B10.4B9.7B10.3B15.5B13.7B
Net Debt8.0B8.0B5.6B4.5B6.7B6.9B
Retained Earnings421M(5.8B)(4.5B)(1.1B)697M662.2M
Accounts Payable355M306M328M436M586M940.2M
Cash190M10M195M5M3M2.9M
Non Current Assets Total19.6B13.2B12.5B13.4B18.3B16.5B
Non Currrent Assets Other140M50M17M147M99M94.1M
Other Assets741M126M1.1B360M324M307.8M
Cash And Short Term Investments190M10M195M5M3M2.9M
Net Receivables1.4B867M1.3B1.5B1.3B1.1B
Common Stock Total Equity6.1B6.0B8.5B3M2.7M2.6M
Common Stock Shares Outstanding261.2M259.8M266.4M258.4M263.9M202.4M
Liabilities And Stockholders Equity21.5B14.5B14.1B15.1B20.0B18.9B
Non Current Liabilities Total9.1B8.2B6.2B4.6B6.8B8.3B
Other Current Assets237M98M96M161M328M583.1M
Other Stockholder Equity1.4B8.5B8.5B7.8B8.6B7.0B
Total Liab11.6B10.6B9.0B7.4B9.6B10.6B
Property Plant And Equipment Gross16.2B10.4B58.3B60.0B67.4B70.7B
Total Current Assets1.9B1.2B1.6B1.7B1.7B2.4B
Accumulated Other Comprehensive Income1.0B1.1B1.1B991M1.1B888.0M
Short Term Debt167M668M68M475M378M364.5M
Common Stock4.8B4.7B7.1B3M2.7M2.6M
Current Deferred Revenue1.8B1.3B1.6B1.0B1.2B1.4B
Good Will2.6B2.6B2.6B2.6B2.6B2.6B
Short Term Investments41M38M67M70M59M110.5M
Long Term Debt7.0B6.4B4.8B3.2B5.5B4.1B
Long Term Debt Total7.1B6.4B4.8B3.2B2.9B4.2B
Capital Surpluse1.4B8.5B8.5B7.8B8.9B9.4B
Property Plant Equipment16.2B9.5B8.8B10.3B9.3B8.8B
Other Liab1.1B865M558M569M512.1M486.5M
Net Tangible Assets7.3B1.2B2.4B5.1B5.9B4.4B
Deferred Long Term Liab6M145M29M44M50.6M35.8M
Long Term Investments22M28M4M27M21M30.3M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Ovintiv Stock Analysis

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