MEG Free Cash Flow Yield vs Price To Sales Ratio Analysis

MEG Stock

CAD 30.52 0.23 0.76%

MEG Energy financial indicator trend analysis is infinitely more than just investigating MEG Energy Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MEG Energy Corp is a good investment. Please check the relationship between MEG Energy Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MEG Energy Corp Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between MEG Energy's Free Cash Flow Yield and Price To Sales Ratio is -0.27. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of MEG Energy Corp, assuming nothing else is changed. The correlation between historical values of MEG Energy's Free Cash Flow Yield and Price To Sales 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 Free Cash Flow Yield of MEG Energy Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., MEG Energy's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing MEG Energy Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on MEG Energy sales, a figure that is much harder to manipulate than other MEG Energy Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Most indicators from MEG Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MEG Energy Corp 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 MEG Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, MEG Energy's Tax Provision is very stable compared to the past year. As of the 21st of May 2024, Enterprise Value Over EBITDA is likely to grow to 5.49, while Selling General Administrative is likely to drop about 91 M.

	2021	2022	2023	2024 (projected)
Interest Expense	243M	182M	114M	181.4M
Depreciation And Amortization	450M	507M	583.1M	339.4M

Interest Expense Depreciation And Amortization

MEG Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Short Term Investments	Accounts Payable	Intangible Assets	Common Stock Total Equity
Common Stock Shares Outstanding		0.39	0.25	-0.16	0.79	0.34	0.36	0.31	-0.69	-0.43	0.43	0.9	-0.43	0.67	0.2	0.57	0.36	-0.57	0.3	0.66	-0.16	0.36	-0.49	0.6	-0.59	0.75
Total Assets	0.39		0.88	0.54	0.27	0.61	0.96	0.71	-0.24	0.11	0.96	0.2	0.08	0.19	0.88	0.24	-0.21	-0.63	0.91	0.54	0.14	-0.02	-0.27	-0.17	0.31	-0.02
Short Long Term Debt Total	0.25	0.88		0.52	0.01	0.18	0.94	0.9	-0.45	-0.12	0.95	0.23	-0.16	0.12	0.99	0.04	-0.26	-0.55	0.99	0.36	-0.21	-0.04	-0.4	-0.35	0.3	-0.11
Other Current Liab	-0.16	0.54	0.52		-0.19	0.22	0.49	0.47	0.04	0.49	0.46	-0.35	0.47	-0.05	0.57	-0.48	-0.39	-0.05	0.55	-0.16	0.32	-0.3	0.23	-0.81	0.43	-0.5
Total Current Liabilities	0.79	0.27	0.01	-0.19		0.48	0.16	0.03	-0.34	-0.15	0.22	0.63	-0.13	0.69	-0.04	0.59	0.23	-0.48	0.09	0.7	0.19	0.69	-0.19	0.68	-0.49	0.59
Total Stockholder Equity	0.34	0.61	0.18	0.22	0.48		0.43	-0.07	0.33	0.45	0.41	-0.01	0.45	0.05	0.17	0.47	-0.02	-0.38	0.24	0.51	0.67	-0.05	0.12	0.22	0.17	0.16
Property Plant And Equipment Net	0.36	0.96	0.94	0.49	0.16	0.43		0.82	-0.34	-0.1	0.99	0.27	-0.14	0.17	0.94	0.25	-0.16	-0.66	0.96	0.55	-0.11	-0.08	-0.42	-0.21	0.31	0.0
Net Debt	0.31	0.71	0.9	0.47	0.03	-0.07	0.82		-0.66	-0.3	0.85	0.38	-0.34	0.35	0.9	-0.09	-0.26	-0.53	0.9	0.33	-0.42	0.02	-0.48	-0.35	0.22	-0.09
Retained Earnings	-0.69	-0.24	-0.45	0.04	-0.34	0.33	-0.34	-0.66		0.64	-0.42	-0.83	0.64	-0.6	-0.42	-0.06	-0.13	0.44	-0.46	-0.29	0.59	-0.34	0.51	-0.18	0.49	-0.41
Cash	-0.43	0.11	-0.12	0.49	-0.15	0.45	-0.1	-0.3	0.64		-0.15	-0.72	0.99	-0.21	-0.08	-0.45	-0.53	0.42	-0.1	-0.35	0.91	-0.14	0.63	-0.44	0.52	-0.61
Non Current Assets Total	0.43	0.96	0.95	0.46	0.22	0.41	0.99	0.85	-0.42	-0.15		0.35	-0.19	0.22	0.94	0.27	-0.13	-0.69	0.96	0.56	-0.15	-0.03	-0.46	-0.16	0.24	0.06
Non Currrent Assets Other	0.9	0.2	0.23	-0.35	0.63	-0.01	0.27	0.38	-0.83	-0.72	0.35		-0.71	0.59	0.17	0.52	0.45	-0.57	0.25	0.61	-0.5	0.41	-0.6	0.6	-0.61	0.78
Cash And Short Term Investments	-0.43	0.08	-0.16	0.47	-0.13	0.45	-0.14	-0.34	0.64	0.99	-0.19	-0.71		-0.23	-0.12	-0.47	-0.51	0.38	-0.14	-0.36	0.93	-0.15	0.74	-0.41	0.47	-0.59
Net Receivables	0.67	0.19	0.12	-0.05	0.69	0.05	0.17	0.35	-0.6	-0.21	0.22	0.59	-0.23		0.11	0.11	-0.08	-0.29	0.2	0.4	-0.06	0.52	-0.3	0.39	-0.34	0.18
Non Current Liabilities Total	0.2	0.88	0.99	0.57	-0.04	0.17	0.94	0.9	-0.42	-0.08	0.94	0.17	-0.12	0.11		-0.02	-0.28	-0.52	0.99	0.31	-0.19	-0.09	-0.37	-0.41	0.35	-0.18
Inventory	0.57	0.24	0.04	-0.48	0.59	0.47	0.25	-0.09	-0.06	-0.45	0.27	0.52	-0.47	0.11	-0.02		0.58	-0.51	0.06	0.75	-0.17	0.25	-0.52	0.75	-0.37	0.73
Other Current Assets	0.36	-0.21	-0.26	-0.39	0.23	-0.02	-0.16	-0.26	-0.13	-0.53	-0.13	0.45	-0.51	-0.08	-0.28	0.58		-0.22	-0.25	0.3	-0.32	0.07	-0.28	0.47	-0.55	0.66
Other Stockholder Equity	-0.57	-0.63	-0.55	-0.05	-0.48	-0.38	-0.66	-0.53	0.44	0.42	-0.69	-0.57	0.38	-0.29	-0.52	-0.51	-0.22		-0.58	-0.66	0.23	-0.14	0.24	-0.3	0.12	-0.41
Total Liab	0.3	0.91	0.99	0.55	0.09	0.24	0.96	0.9	-0.46	-0.1	0.96	0.25	-0.14	0.2	0.99	0.06	-0.25	-0.58		0.4	-0.16	0.0	-0.39	-0.32	0.29	-0.11
Property Plant And Equipment Gross	0.66	0.54	0.36	-0.16	0.7	0.51	0.55	0.33	-0.29	-0.35	0.56	0.61	-0.36	0.4	0.31	0.75	0.3	-0.66	0.4		-0.09	0.36	-0.49	0.51	-0.17	0.58
Total Current Assets	-0.16	0.14	-0.21	0.32	0.19	0.67	-0.11	-0.42	0.59	0.91	-0.15	-0.5	0.93	-0.06	-0.19	-0.17	-0.32	0.23	-0.16	-0.09		0.02	0.65	-0.11	0.27	-0.32
Short Term Debt	0.36	-0.02	-0.04	-0.3	0.69	-0.05	-0.08	0.02	-0.34	-0.14	-0.03	0.41	-0.15	0.52	-0.09	0.25	0.07	-0.14	0.0	0.36	0.02		-0.15	0.44	-0.27	0.23
Short Term Investments	-0.49	-0.27	-0.4	0.23	-0.19	0.12	-0.42	-0.48	0.51	0.63	-0.46	-0.6	0.74	-0.3	-0.37	-0.52	-0.28	0.24	-0.39	-0.49	0.65	-0.15		-0.27	0.2	-0.43
Accounts Payable	0.6	-0.17	-0.35	-0.81	0.68	0.22	-0.21	-0.35	-0.18	-0.44	-0.16	0.6	-0.41	0.39	-0.41	0.75	0.47	-0.3	-0.32	0.51	-0.11	0.44	-0.27		-0.62	0.73
Intangible Assets	-0.59	0.31	0.3	0.43	-0.49	0.17	0.31	0.22	0.49	0.52	0.24	-0.61	0.47	-0.34	0.35	-0.37	-0.55	0.12	0.29	-0.17	0.27	-0.27	0.2	-0.62		-0.73
Common Stock Total Equity	0.75	-0.02	-0.11	-0.5	0.59	0.16	0.0	-0.09	-0.41	-0.61	0.06	0.78	-0.59	0.18	-0.18	0.73	0.66	-0.41	-0.11	0.58	-0.32	0.23	-0.43	0.73	-0.73

Click cells to compare fundamentals

MEG Energy Account Relationship Matchups

MEG Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	299M	302M	311M	309M	281.4M	255.7M
Total Assets	7.9B	7.2B	7.6B	7.0B	6.9B	8.2B
Short Long Term Debt Total	3.4B	3.2B	3.0B	1.8B	2.1B	3.3B
Other Current Liab	157M	135M	92M	61M	24M	22.8M
Total Current Liabilities	558M	442M	899M	654M	584M	469.7M
Total Stockholder Equity	3.9B	3.5B	3.8B	4.4B	4.5B	4.3B
Property Plant And Equipment Net	6.7B	6.1B	6.0B	5.9B	5.8B	6.8B
Net Debt	3.2B	3.1B	2.7B	1.6B	964M	915.8M
Retained Earnings	(1.8B)	(2.2B)	(1.9B)	(988M)	(531M)	(557.6M)
Cash	206M	114M	361M	192M	160M	152M
Non Current Assets Total	7.2B	6.7B	6.5B	6.1B	6.0B	7.1B
Cash And Short Term Investments	206M	114M	361M	192M	172.8M	164.2M
Net Receivables	361M	263M	482M	475M	21M	20.0M
Liabilities And Stockholders Equity	7.9B	7.2B	7.6B	7.0B	8.1B	8.2B
Non Current Liabilities Total	3.5B	3.3B	2.9B	2.0B	1.8B	3.4B
Inventory	93M	96M	157M	185M	235M	246.8M
Other Current Assets	21M	24M	50M	91M	104.7M	109.9M
Other Stockholder Equity	182M	177M	172M	169M	152.1M	144.5M
Total Liab	4.0B	3.7B	3.8B	2.7B	2.4B	3.9B
Property Plant And Equipment Gross	6.7B	6.1B	10.1B	10.4B	10.9B	7.7B
Total Current Assets	681M	497M	1.1B	943M	862M	801.3M
Accumulated Other Comprehensive Income	29M	27M	25M	38M	43.7M	45.9M
Short Term Debt	22M	28M	307M	20M	23M	38.4M
Accounts Payable	379M	279M	500M	573M	475M	498.8M
Intangible Assets	9M	7M	5M	4M	3.6M	3.4M
Common Stock Total Equity	5.4B	5.4B	5.4B	5.5B	6.3B	5.6B
Common Stock	5.4B	5.5B	5.5B	5.2B	5.9B	5.6B
Other Liab	73M	106M	165M	191M	171.9M	156.0M
Net Tangible Assets	3.8B	3.5B	3.8B	4.4B	3.9B	3.2B
Other Assets	480M	602M	534M	187M	215.1M	325.1M
Long Term Debt	3.1B	2.9B	2.5B	1.6B	1.1B	1.1B
Deferred Long Term Liab	15.5M	16M	12M	8M	7.2M	9.2M
Short Long Term Debt	15.5M	17M	285M	3M	2.7M	2.6M
Property Plant Equipment	6.7B	6.1B	6.0B	5.9B	5.3B	5.9B
Long Term Debt Total	3.4B	3.2B	2.7B	1.8B	1.6B	3.0B
Capital Surpluse	182M	177M	172M	169M	194.4M	189.3M
Net Invested Capital	7.0B	6.4B	6.6B	6.0B	5.7B	5.5B

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Note that the MEG Energy Corp information on this page should be used as a complementary analysis to other MEG Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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MEG Free Cash Flow Yield vs Price To Sales Ratio Analysis

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Price To Sales Ratio

MEG Energy fundamental ratios Correlations

MEG Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MEG Energy fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for MEG Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.96	Total Assets

Non Currrent Assets Other	- 0.83	Retained Earnings
Accounts Payable	- 0.81	Other Current Liab
Common Stock Total Equity	- 0.73	Intangible Assets
Non Currrent Assets Other	- 0.72	Cash
Cash And Short Term Investments	- 0.71	Non Currrent Assets Other
Other Stockholder Equity	- 0.69	Non Current Assets Total