Spruce Ev To Sales vs Free Cash Flow Per Share Analysis

SPRU Stock

2.89 0.01 0.35%

Spruce Power financial indicator trend analysis is much more than just breaking down Spruce Power Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spruce Power Holding is a good investment. Please check the relationship between Spruce Power Ev To Sales and its Free Cash Flow Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Power Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Ev To Sales vs Free Cash Flow Per Share

Ev To Sales 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 Spruce Power Holding Ev To Sales account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Spruce Power's Ev To Sales and Free Cash Flow Per Share is 0.44. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Spruce Power Holding, assuming nothing else is changed. The correlation between historical values of Spruce Power's Ev To Sales 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 Ev To Sales of Spruce Power Holding 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 Ev To Sales i.e., Spruce Power's Ev To Sales and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

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Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

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 Spruce Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spruce Power Holding 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Power Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Spruce Power's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 101.19 in 2024, whereas Discontinued Operations is likely to drop (37.9 M) in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	39K	10.1M	41.9M	44.0M
Depreciation And Amortization	653K	7.5M	21.6M	22.7M

Interest Expense Depreciation And Amortization

Spruce Power fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding
Other Current Liab		0.98	-0.13	0.66	-0.99	0.07	0.94	0.68	0.02	0.98	0.64	0.27	0.97	0.92	0.96	0.7	0.97	-0.26	0.72	0.6	0.97	-0.33	0.97	0.6	0.67	0.88
Total Current Liabilities	0.98		-0.17	0.54	-0.99	0.07	0.97	0.61	0.0	1.0	0.53	0.2	0.99	0.89	0.99	0.6	0.99	-0.32	0.81	0.48	0.99	-0.37	0.99	0.48	0.7	0.79
Other Liab	-0.13	-0.17		0.34	0.04	0.77	-0.25	0.56	0.0	-0.17	0.49	0.49	-0.18	0.09	-0.19	0.45	-0.18	0.45	-0.5	0.52	-0.18	0.09	-0.18	0.52	-0.14	0.12
Net Tangible Assets	0.66	0.54	0.34		-0.63	0.18	0.39	0.77	0.25	0.54	0.97	0.77	0.48	0.77	0.46	0.96	0.48	0.03	-0.04	0.96	0.48	-0.22	0.47	0.96	0.41	0.92
Retained Earnings	-0.99	-0.99	0.04	-0.63		-0.13	-0.94	-0.71	0.03	-0.98	-0.62	-0.26	-0.97	-0.93	-0.97	-0.69	-0.98	0.2	-0.74	-0.58	-0.98	0.32	-0.98	-0.58	-0.65	-0.85
Accounts Payable	0.07	0.07	0.77	0.18	-0.13		0.11	0.63	0.26	0.12	0.42	0.35	0.13	0.25	0.11	0.41	0.12	-0.08	-0.12	0.43	0.11	-0.35	0.12	0.43	0.31	0.16
Other Assets	0.94	0.97	-0.25	0.39	-0.94	0.11		0.57	-0.01	0.98	0.4	0.03	0.99	0.83	0.99	0.47	0.99	-0.38	0.89	0.35	0.99	-0.4	0.99	0.35	0.71	0.69
Net Receivables	0.68	0.61	0.56	0.77	-0.71	0.63	0.57		0.15	0.64	0.87	0.53	0.62	0.84	0.6	0.87	0.61	0.06	0.18	0.83	0.61	-0.31	0.61	0.83	0.5	0.81
Inventory	0.02	0.0	0.0	0.25	0.03	0.26	-0.01	0.15		0.04	0.32	0.66	0.02	0.24	-0.03	0.29	-0.01	-0.73	-0.22	0.28	-0.02	-0.88	-0.02	0.28	0.68	0.27
Other Current Assets	0.98	1.0	-0.17	0.54	-0.98	0.12	0.98	0.64	0.04		0.54	0.2	1.0	0.9	0.99	0.61	1.0	-0.35	0.81	0.5	1.0	-0.41	0.99	0.5	0.73	0.81
Total Current Assets	0.64	0.53	0.49	0.97	-0.62	0.42	0.4	0.87	0.32	0.54		0.81	0.49	0.78	0.46	1.0	0.48	-0.03	-0.05	0.99	0.48	-0.32	0.47	0.99	0.48	0.9
Common Stock	0.27	0.2	0.49	0.77	-0.26	0.35	0.03	0.53	0.66	0.2	0.81		0.14	0.5	0.11	0.77	0.13	-0.22	-0.35	0.8	0.12	-0.53	0.12	0.8	0.49	0.63
Property Plant Equipment	0.97	0.99	-0.18	0.48	-0.97	0.13	0.99	0.62	0.02	1.0	0.49	0.14		0.88	1.0	0.56	1.0	-0.36	0.85	0.44	1.0	-0.41	1.0	0.44	0.73	0.76
Total Assets	0.92	0.89	0.09	0.77	-0.93	0.25	0.83	0.84	0.24	0.9	0.78	0.5	0.88		0.87	0.82	0.88	-0.23	0.53	0.71	0.88	-0.5	0.87	0.71	0.75	0.94
Short Long Term Debt Total	0.96	0.99	-0.19	0.46	-0.97	0.11	0.99	0.6	-0.03	0.99	0.46	0.11	1.0	0.87		0.53	1.0	-0.33	0.86	0.41	1.0	-0.37	1.0	0.41	0.7	0.74
Total Stockholder Equity	0.7	0.6	0.45	0.96	-0.69	0.41	0.47	0.87	0.29	0.61	1.0	0.77	0.56	0.82	0.53		0.55	-0.06	0.03	0.99	0.56	-0.33	0.55	0.99	0.51	0.92
Property Plant And Equipment Net	0.97	0.99	-0.18	0.48	-0.98	0.12	0.99	0.61	-0.01	1.0	0.48	0.13	1.0	0.88	1.0	0.55		-0.33	0.85	0.43	1.0	-0.38	1.0	0.43	0.7	0.75
Current Deferred Revenue	-0.26	-0.32	0.45	0.03	0.2	-0.08	-0.38	0.06	-0.73	-0.35	-0.03	-0.22	-0.36	-0.23	-0.33	-0.06	-0.33		-0.36	0.0	-0.32	0.85	-0.33	0.0	-0.8	-0.18
Net Debt	0.72	0.81	-0.5	-0.04	-0.74	-0.12	0.89	0.18	-0.22	0.81	-0.05	-0.35	0.85	0.53	0.86	0.03	0.85	-0.36		-0.1	0.85	-0.23	0.85	-0.1	0.51	0.32
Cash	0.6	0.48	0.52	0.96	-0.58	0.43	0.35	0.83	0.28	0.5	0.99	0.8	0.44	0.71	0.41	0.99	0.43	0.0	-0.1		0.44	-0.26	0.43	1.0	0.42	0.86
Non Current Assets Total	0.97	0.99	-0.18	0.48	-0.98	0.11	0.99	0.61	-0.02	1.0	0.48	0.12	1.0	0.88	1.0	0.56	1.0	-0.32	0.85	0.44		-0.37	1.0	0.44	0.7	0.76
Non Currrent Assets Other	-0.33	-0.37	0.09	-0.22	0.32	-0.35	-0.4	-0.31	-0.88	-0.41	-0.32	-0.53	-0.41	-0.5	-0.37	-0.33	-0.38	0.85	-0.23	-0.26	-0.37		-0.37	-0.26	-0.92	-0.4
Long Term Debt	0.97	0.99	-0.18	0.47	-0.98	0.12	0.99	0.61	-0.02	0.99	0.47	0.12	1.0	0.87	1.0	0.55	1.0	-0.33	0.85	0.43	1.0	-0.37		0.43	0.7	0.75
Cash And Short Term Investments	0.6	0.48	0.52	0.96	-0.58	0.43	0.35	0.83	0.28	0.5	0.99	0.8	0.44	0.71	0.41	0.99	0.43	0.0	-0.1	1.0	0.44	-0.26	0.43		0.42	0.86
Good Will	0.67	0.7	-0.14	0.41	-0.65	0.31	0.71	0.5	0.68	0.73	0.48	0.49	0.73	0.75	0.7	0.51	0.7	-0.8	0.51	0.42	0.7	-0.92	0.7	0.42		0.65
Common Stock Shares Outstanding	0.88	0.79	0.12	0.92	-0.85	0.16	0.69	0.81	0.27	0.81	0.9	0.63	0.76	0.94	0.74	0.92	0.75	-0.18	0.32	0.86	0.76	-0.4	0.75	0.86	0.65

Click cells to compare fundamentals

Spruce Power Account Relationship Matchups

Spruce Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	2.4M	4.6M	15.8M	29.8M	38.7M	40.7M
Total Current Liabilities	15.5M	9.1M	16.6M	59.7M	71.7M	75.3M
Other Liab	5.6M	148.9M	11.2M	1.0M	910.8K	865.3K
Net Tangible Assets	(15.0M)	187.8M	351.3M	151.4M	174.1M	137.6M
Retained Earnings	(67.6M)	(93.2M)	(99.4M)	(193.3M)	(257.9M)	(245.0M)
Accounts Payable	549K	4.4M	697K	2.9M	1.1M	2.1M
Other Assets	30K	32K	88K	2.0M	2.3M	2.4M
Net Receivables	1.2M	10.6M	6.5M	8.3M	9.2M	7.2M
Inventory	2.2M	3.6M	15.3M	41.0M	(11.3M)	(10.8M)
Other Current Assets	146K	1.5M	7.7M	46.3M	52.8M	55.4M
Total Current Assets	7.1M	345.3M	374.6M	275.0M	203.3M	223.3M
Property Plant Equipment	840K	579K	8.1M	399.0M	458.8M	481.8M

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