Quebecor Operating Income vs Ebitda Analysis

QBR-A Stock

CAD 33.06 0.19 0.57%

Quebecor financial indicator trend analysis is much more than just breaking down Quebecor prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quebecor is a good investment. Please check the relationship between Quebecor Operating Income and its Ebitda accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quebecor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Operating Income vs Ebitda

Operating Income vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quebecor Operating Income account and Ebitda. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Quebecor's Operating Income and Ebitda is 0.97. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of Quebecor, assuming nothing else is changed. The correlation between historical values of Quebecor's Operating Income and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Quebecor are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Operating Income i.e., Quebecor's Operating Income and Ebitda go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Quebecor operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Quebecor is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Ebitda

Most indicators from Quebecor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quebecor 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 Quebecor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

At this time, Quebecor's Discontinued Operations is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.20 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 5.6 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	337.6M	317.3M	407.7M	319.2M
Depreciation And Amortization	783.8M	767.7M	909M	556.7M

Interest Expense Depreciation And Amortization

Quebecor 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Short Term Investments	Current Deferred Revenue	Good Will
Total Assets		0.92	0.35	0.66	0.64	0.92	0.9	0.26	0.06	0.99	0.48	0.06	0.86	-0.51	0.91	0.78	0.46	-0.02	0.96	0.82	0.39	0.76	0.83	-0.93	0.9	-0.93
Short Long Term Debt Total	0.92		0.33	0.53	0.39	0.82	0.99	-0.04	0.0	0.92	0.48	0.0	0.79	-0.38	0.96	0.65	0.47	-0.29	0.99	0.72	0.29	0.74	0.7	-0.81	0.9	-0.89
Other Current Liab	0.35	0.33		0.13	0.0	0.5	0.21	0.16	0.89	0.33	-0.34	0.89	0.11	-0.13	0.34	-0.02	-0.09	-0.01	0.36	0.38	-0.08	-0.11	-0.03	-0.45	0.36	-0.42
Total Current Liabilities	0.66	0.53	0.13		0.58	0.54	0.51	0.39	-0.02	0.59	0.57	-0.02	0.8	-0.82	0.37	0.8	0.66	-0.17	0.56	0.83	0.94	0.78	0.87	-0.49	0.39	-0.56
Total Stockholder Equity	0.64	0.39	0.0	0.58		0.45	0.39	0.69	-0.04	0.59	0.58	-0.04	0.77	-0.43	0.33	0.85	0.34	0.39	0.46	0.71	0.47	0.69	0.79	-0.5	0.48	-0.37
Property Plant And Equipment Net	0.92	0.82	0.5	0.54	0.45		0.78	0.18	0.21	0.94	0.16	0.21	0.65	-0.47	0.88	0.56	0.27	0.04	0.88	0.66	0.23	0.5	0.64	-0.98	0.82	-0.96
Net Debt	0.9	0.99	0.21	0.51	0.39	0.78		-0.07	-0.13	0.91	0.52	-0.13	0.79	-0.35	0.95	0.67	0.47	-0.29	0.98	0.67	0.29	0.77	0.71	-0.78	0.88	-0.86
Retained Earnings	0.26	-0.04	0.16	0.39	0.69	0.18	-0.07		0.2	0.21	0.14	0.2	0.33	-0.18	-0.1	0.54	0.06	0.53	0.03	0.41	0.38	0.31	0.35	-0.2	0.09	-0.03
Cash	0.06	0.0	0.89	-0.02	-0.04	0.21	-0.13	0.2		0.01	-0.38	1.0	-0.12	-0.07	0.02	-0.19	-0.09	0.02	0.04	0.27	-0.16	-0.32	-0.22	-0.18	0.08	-0.13
Non Current Assets Total	0.99	0.92	0.33	0.59	0.59	0.94	0.91	0.21	0.01		0.43	0.01	0.82	-0.44	0.93	0.73	0.38	0.01	0.96	0.74	0.31	0.72	0.79	-0.95	0.92	-0.94
Non Currrent Assets Other	0.48	0.48	-0.34	0.57	0.58	0.16	0.52	0.14	-0.38	0.43		-0.38	0.72	-0.47	0.35	0.67	0.66	-0.21	0.46	0.59	0.53	0.83	0.74	-0.23	0.52	-0.31
Cash And Short Term Investments	0.06	0.0	0.89	-0.02	-0.04	0.21	-0.13	0.2	1.0	0.01	-0.38		-0.12	-0.07	0.02	-0.19	-0.09	0.02	0.04	0.27	-0.16	-0.32	-0.22	-0.18	0.08	-0.13
Net Receivables	0.86	0.79	0.11	0.8	0.77	0.65	0.79	0.33	-0.12	0.82	0.72	-0.12		-0.58	0.66	0.91	0.52	-0.09	0.8	0.86	0.65	0.94	0.95	-0.63	0.71	-0.66
Common Stock Shares Outstanding	-0.51	-0.38	-0.13	-0.82	-0.43	-0.47	-0.35	-0.18	-0.07	-0.44	-0.47	-0.07	-0.58		-0.29	-0.5	-0.66	0.23	-0.41	-0.69	-0.72	-0.52	-0.68	0.44	-0.32	0.5
Non Current Liabilities Total	0.91	0.96	0.34	0.37	0.33	0.88	0.95	-0.1	0.02	0.93	0.35	0.02	0.66	-0.29		0.51	0.32	-0.18	0.97	0.58	0.08	0.59	0.6	-0.89	0.92	-0.94
Inventory	0.78	0.65	-0.02	0.8	0.85	0.56	0.67	0.54	-0.19	0.73	0.67	-0.19	0.91	-0.5	0.51		0.59	0.08	0.68	0.83	0.71	0.91	0.92	-0.57	0.57	-0.55
Other Current Assets	0.46	0.47	-0.09	0.66	0.34	0.27	0.47	0.06	-0.09	0.38	0.66	-0.09	0.52	-0.66	0.32	0.59		-0.36	0.45	0.71	0.63	0.62	0.6	-0.32	0.34	-0.42
Other Stockholder Equity	-0.02	-0.29	-0.01	-0.17	0.39	0.04	-0.29	0.53	0.02	0.01	-0.21	0.02	-0.09	0.23	-0.18	0.08	-0.36		-0.19	-0.13	-0.21	-0.18	-0.01	-0.09	-0.05	0.16
Total Liab	0.96	0.99	0.36	0.56	0.46	0.88	0.98	0.03	0.04	0.96	0.46	0.04	0.8	-0.41	0.97	0.68	0.45	-0.19		0.74	0.29	0.73	0.74	-0.88	0.92	-0.93
Total Current Assets	0.82	0.72	0.38	0.83	0.71	0.66	0.67	0.41	0.27	0.74	0.59	0.27	0.86	-0.69	0.58	0.83	0.71	-0.13	0.74		0.66	0.77	0.83	-0.66	0.65	-0.68
Short Term Debt	0.39	0.29	-0.08	0.94	0.47	0.23	0.29	0.38	-0.16	0.31	0.53	-0.16	0.65	-0.72	0.08	0.71	0.63	-0.21	0.29	0.66		0.7	0.74	-0.18	0.09	-0.26
Intangible Assets	0.76	0.74	-0.11	0.78	0.69	0.5	0.77	0.31	-0.32	0.72	0.83	-0.32	0.94	-0.52	0.59	0.91	0.62	-0.18	0.73	0.77	0.7		0.91	-0.49	0.65	-0.56
Accounts Payable	0.83	0.7	-0.03	0.87	0.79	0.64	0.71	0.35	-0.22	0.79	0.74	-0.22	0.95	-0.68	0.6	0.92	0.6	-0.01	0.74	0.83	0.74	0.91		-0.64	0.63	-0.67
Short Term Investments	-0.93	-0.81	-0.45	-0.49	-0.5	-0.98	-0.78	-0.2	-0.18	-0.95	-0.23	-0.18	-0.63	0.44	-0.89	-0.57	-0.32	-0.09	-0.88	-0.66	-0.18	-0.49	-0.64		-0.85	0.96
Current Deferred Revenue	0.9	0.9	0.36	0.39	0.48	0.82	0.88	0.09	0.08	0.92	0.52	0.08	0.71	-0.32	0.92	0.57	0.34	-0.05	0.92	0.65	0.09	0.65	0.63	-0.85		-0.86
Good Will	-0.93	-0.89	-0.42	-0.56	-0.37	-0.96	-0.86	-0.03	-0.13	-0.94	-0.31	-0.13	-0.66	0.5	-0.94	-0.55	-0.42	0.16	-0.93	-0.68	-0.26	-0.56	-0.67	0.96	-0.86

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Quebecor Account Relationship Matchups

Quebecor fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.7B	9.9B	10.8B	10.6B	12.7B	9.6B
Short Long Term Debt Total	6.3B	6.1B	6.9B	6.8B	8.2B	4.6B
Other Current Liab	230.9M	205.4M	179.3M	179.5M	259.7M	155.9M
Total Current Liabilities	1.3B	1.3B	1.5B	2.5B	3.3B	3.5B
Total Stockholder Equity	977.5M	1.1B	1.3B	1.4B	1.7B	1.1B
Property Plant And Equipment Net	3.5B	3.3B	3.2B	3.1B	3.8B	3.6B
Net Debt	6.3B	6.0B	6.8B	6.8B	8.2B	4.5B
Retained Earnings	(31.7M)	211.3M	292.3M	421.9M	789.1M	493.9M
Cash	14M	136.7M	64.7M	6.6M	11.1M	10.5M
Non Current Assets Total	8.6B	8.6B	9.2B	8.8B	10.5B	8.1B
Non Currrent Assets Other	129.8M	236.2M	767.4M	588.2M	511.2M	368.2M
Cash And Short Term Investments	14M	136.7M	64.7M	6.6M	11.1M	10.5M
Net Receivables	735.4M	780.4M	881.8M	901.7M	1.3B	813.0M
Common Stock Shares Outstanding	255.8M	256.3M	248.3M	235.2M	236.2M	207.3M
Liabilities And Stockholders Equity	9.7B	9.9B	10.8B	10.6B	12.7B	9.6B
Non Current Liabilities Total	7.4B	7.3B	7.9B	6.6B	7.6B	5.3B
Inventory	240.4M	250.7M	282.6M	406.2M	512.1M	306.0M
Other Current Assets	121.2M	113M	294.4M	495.6M	321.6M	337.7M
Total Liab	8.7B	8.6B	9.4B	9.1B	10.9B	7.0B
Total Current Assets	1.1B	1.3B	1.5B	1.8B	2.2B	1.6B
Short Term Debt	117.9M	64.5M	92.6M	1.2B	1.7B	1.8B
Intangible Assets	1.4B	1.5B	2.3B	2.3B	3.4B	1.9B
Accumulated Other Comprehensive Income	(64.1M)	(133.9M)	(19.3M)	1.8M	5.8M	6.1M
Current Deferred Revenue	332.7M	307.5M	472.1M	345.1M	370.6M	243.3M
Good Will	2.7B	2.7B	2.7B	2.7B	2.7B	2.6B
Common Stock	1.1B	1.0B	965.2M	916.2M	914.6M	723.2M
Other Liab	1.2B	1.3B	1.1B	990.1M	1.1B	1.2B
Net Tangible Assets	(3.2B)	(3.1B)	(3.9B)	(3.7B)	(3.4B)	(3.5B)
Other Assets	225.2M	966.5M	734.1M	521.9M	600.2M	677.1M
Long Term Debt	6.1B	5.9B	6.6B	5.5B	6.2B	6.6B
Deferred Long Term Liab	57.7M	88.3M	106.3M	99.5M	114.4M	59.0M
Short Long Term Debt	86.6M	30.2M	56.5M	1.2B	1.6B	1.7B
Property Plant Equipment	3.5B	3.3B	3.2B	3.1B	2.7B	2.7B
Long Term Investments	679.8M	81M	159.3M	151M	147.4M	209.9M
Non Current Liabilities Other	149.7M	99M	127.1M	85.1M	91.5M	90.7M
Net Invested Capital	7.1B	7.0B	7.9B	8.0B	9.5B	8.4B
Net Working Capital	(153.4M)	(33.4M)	50.4M	(724.7M)	(1.1B)	(1.1B)

Pair Trading with Quebecor

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

Moving together with Quebecor Stock

0.66

BCE

BCE Inc

Pair Corr

Moving against Quebecor Stock

0.61	ENB	Enbridge	Pair Corr
0.61	ONEX	Onex Corp	Pair Corr
0.52	X	TMX Group Limited	Pair Corr
0.52	TRP	TC Energy Corp	Pair Corr
0.52	SU	Suncor Energy	Pair Corr

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

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

Additional Tools for Quebecor Stock Analysis

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

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