Precision Free Cash Flow Yield vs Invested Capital Analysis

PD Stock

CAD 97.63 1.15 1.19%

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

To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.

Free Cash Flow Yield vs Invested Capital

Free Cash Flow Yield vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Precision Drilling Free Cash Flow Yield account and Invested Capital. At this time, the significance of the direction appears to have very week relationship.

The correlation between Precision Drilling's Free Cash Flow Yield and Invested Capital is 0.21. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Precision Drilling, assuming nothing else is changed. The correlation between historical values of Precision Drilling's Free Cash Flow Yield and Invested Capital 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 Precision Drilling are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Free Cash Flow Yield i.e., Precision Drilling's Free Cash Flow Yield and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

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.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Precision Drilling. There are two different methods for calculating Precision Drilling invested capital: operating approach and financing approach. Understanding Precision Drilling invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

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

To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.As of the 17th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Selling General Administrative is likely to drop about 112.5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	91.4M	87.8M	81.1M	117.2M
Depreciation And Amortization	282.3M	279.0M	320.9M	230.1M

Interest Expense Depreciation And Amortization

Precision Drilling 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	Accounts Payable	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 Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Other Current Assets	Other Assets
Total Assets		0.83	0.77	0.68	0.98	0.97	0.71	0.29	0.22	0.62	0.99	0.11	0.62	0.75	0.82	0.96	-0.05	0.15	0.98	0.4	0.82	0.75	-0.89	0.11	0.34	0.43
Short Long Term Debt Total	0.83		0.5	0.36	0.73	0.91	0.93	-0.08	0.05	0.44	0.87	0.28	0.44	0.36	0.83	0.92	0.33	-0.11	0.89	0.32	0.51	0.61	-0.67	0.19	0.25	0.1
Other Current Liab	0.77	0.5		0.48	0.75	0.7	0.4	0.7	-0.1	0.59	0.74	0.02	0.61	0.55	0.61	0.73	-0.48	0.22	0.75	-0.01	0.68	0.81	-0.59	0.38	0.06	0.7
Total Current Liabilities	0.68	0.36	0.48		0.7	0.57	0.18	0.15	0.71	0.46	0.6	-0.2	0.45	0.95	0.41	0.51	-0.04	0.31	0.64	0.44	0.82	0.29	-0.74	-0.1	0.49	0.32
Total Stockholder Equity	0.98	0.73	0.75	0.7		0.93	0.6	0.34	0.19	0.56	0.96	0.06	0.55	0.79	0.79	0.89	-0.11	0.17	0.92	0.48	0.81	0.71	-0.91	0.0	0.38	0.49
Property Plant And Equipment Net	0.97	0.91	0.7	0.57	0.93		0.84	0.15	0.17	0.5	0.99	0.21	0.5	0.63	0.84	0.97	0.1	0.0	0.97	0.36	0.69	0.71	-0.86	0.17	0.34	0.35
Net Debt	0.71	0.93	0.4	0.18	0.6	0.84		-0.23	0.01	0.16	0.78	0.38	0.18	0.22	0.74	0.82	0.44	-0.28	0.77	0.19	0.26	0.49	-0.54	0.25	0.23	0.1
Retained Earnings	0.29	-0.08	0.7	0.15	0.34	0.15	-0.23		-0.28	0.54	0.22	-0.08	0.55	0.26	0.16	0.22	-0.89	0.27	0.22	-0.2	0.46	0.63	-0.17	0.27	-0.32	0.49
Accounts Payable	0.22	0.05	-0.1	0.71	0.19	0.17	0.01	-0.28		0.17	0.15	-0.18	0.17	0.66	-0.06	0.12	0.16	0.25	0.23	0.09	0.42	-0.19	-0.34	-0.02	0.32	-0.07
Cash	0.62	0.44	0.59	0.46	0.56	0.5	0.16	0.54	0.17		0.52	-0.13	1.0	0.47	0.42	0.63	-0.48	0.5	0.65	0.03	0.85	0.65	-0.49	0.24	-0.09	0.18
Non Current Assets Total	0.99	0.87	0.74	0.6	0.96	0.99	0.78	0.22	0.15	0.52		0.17	0.52	0.68	0.84	0.97	0.03	0.06	0.97	0.4	0.73	0.74	-0.88	0.11	0.35	0.42
Non Currrent Assets Other	0.11	0.28	0.02	-0.2	0.06	0.21	0.38	-0.08	-0.18	-0.13	0.17		-0.12	-0.14	0.36	0.19	0.18	-0.1	0.14	-0.04	-0.16	0.15	-0.11	0.15	-0.41	-0.22
Cash And Short Term Investments	0.62	0.44	0.61	0.45	0.55	0.5	0.18	0.55	0.17	1.0	0.52	-0.12		0.46	0.41	0.63	-0.5	0.5	0.65	-0.02	0.84	0.66	-0.48	0.29	-0.11	0.19
Net Receivables	0.75	0.36	0.55	0.95	0.79	0.63	0.22	0.26	0.66	0.47	0.68	-0.14	0.46		0.49	0.58	-0.15	0.35	0.69	0.4	0.85	0.37	-0.75	-0.09	0.4	0.46
Common Stock Shares Outstanding	0.82	0.83	0.61	0.41	0.79	0.84	0.74	0.16	-0.06	0.42	0.84	0.36	0.41	0.49		0.83	0.16	0.08	0.82	0.41	0.58	0.57	-0.59	0.08	0.05	0.39
Non Current Liabilities Total	0.96	0.92	0.73	0.51	0.89	0.97	0.82	0.22	0.12	0.63	0.97	0.19	0.63	0.58	0.83		0.01	0.08	0.99	0.28	0.73	0.78	-0.8	0.22	0.23	0.33
Inventory	-0.05	0.33	-0.48	-0.04	-0.11	0.1	0.44	-0.89	0.16	-0.48	0.03	0.18	-0.5	-0.15	0.16	0.01		-0.4	0.0	0.41	-0.33	-0.44	0.0	-0.32	0.34	-0.38
Other Stockholder Equity	0.15	-0.11	0.22	0.31	0.17	0.0	-0.28	0.27	0.25	0.5	0.06	-0.1	0.5	0.35	0.08	0.08	-0.4		0.13	-0.1	0.46	0.14	-0.17	0.09	-0.15	0.42
Total Liab	0.98	0.89	0.75	0.64	0.92	0.97	0.77	0.22	0.23	0.65	0.97	0.14	0.65	0.69	0.82	0.99	0.0	0.13		0.32	0.8	0.75	-0.85	0.19	0.29	0.36
Property Plant And Equipment Gross	0.4	0.32	-0.01	0.44	0.48	0.36	0.19	-0.2	0.09	0.03	0.4	-0.04	-0.02	0.4	0.41	0.28	0.41	-0.1	0.32		0.34	0.04	-0.52	-0.81	0.59	-0.11
Total Current Assets	0.82	0.51	0.68	0.82	0.81	0.69	0.26	0.46	0.42	0.85	0.73	-0.16	0.84	0.85	0.58	0.73	-0.33	0.46	0.8	0.34		0.61	-0.74	0.01	0.24	0.37
Short Term Debt	0.75	0.61	0.81	0.29	0.71	0.71	0.49	0.63	-0.19	0.65	0.74	0.15	0.66	0.37	0.57	0.78	-0.44	0.14	0.75	0.04	0.61		-0.62	0.33	-0.06	0.38
Intangible Assets	-0.89	-0.67	-0.59	-0.74	-0.91	-0.86	-0.54	-0.17	-0.34	-0.49	-0.88	-0.11	-0.48	-0.75	-0.59	-0.8	0.0	-0.17	-0.85	-0.52	-0.74	-0.62		0.07	-0.49	-0.27
Short Term Investments	0.11	0.19	0.38	-0.1	0.0	0.17	0.25	0.27	-0.02	0.24	0.11	0.15	0.29	-0.09	0.08	0.22	-0.32	0.09	0.19	-0.81	0.01	0.33	0.07		-0.42	0.29
Other Current Assets	0.34	0.25	0.06	0.49	0.38	0.34	0.23	-0.32	0.32	-0.09	0.35	-0.41	-0.11	0.4	0.05	0.23	0.34	-0.15	0.29	0.59	0.24	-0.06	-0.49	-0.42		0.04
Other Assets	0.43	0.1	0.7	0.32	0.49	0.35	0.1	0.49	-0.07	0.18	0.42	-0.22	0.19	0.46	0.39	0.33	-0.38	0.42	0.36	-0.11	0.37	0.38	-0.27	0.29	0.04

Click cells to compare fundamentals

Precision Drilling Account Relationship Matchups

Precision Drilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3B	2.9B	2.7B	2.9B	3.0B	3.3B
Short Long Term Debt Total	1.5B	1.3B	1.2B	1.2B	1.3B	1.0B
Other Current Liab	4.1M	3.7M	839K	3.0M	3.4M	3.3M
Total Current Liabilities	216.1M	166.8M	238.1M	410.0M	365.6M	304.6M
Total Stockholder Equity	1.5B	1.4B	1.2B	1.2B	1.6B	1.8B
Property Plant And Equipment Net	2.8B	2.5B	2.3B	2.4B	2.4B	2.4B
Net Debt	1.4B	1.2B	1.1B	1.1B	863.5M	898.7M
Retained Earnings	(969.5M)	(1.1B)	(1.3B)	(1.3B)	(1.0B)	(961.4M)
Accounts Payable	199.5M	151.0M	224.1M	392.1M	151.3M	184.6M
Cash	74.7M	108.8M	40.6M	21.6M	54.2M	51.5M
Non Current Assets Total	2.9B	2.6B	2.3B	2.4B	2.5B	2.8B
Non Currrent Assets Other	2.4M	2.9B	7.4M	1.6M	1.8M	1.8M
Cash And Short Term Investments	74.7M	108.8M	40.6M	21.6M	24.8M	23.6M
Net Receivables	311.3M	207.2M	255.7M	413.9M	334.5M	396.3M
Common Stock Shares Outstanding	14.7M	14.9M	13.7M	13.3M	14.3M	13.9M
Liabilities And Stockholders Equity	3.3B	2.9B	2.7B	2.9B	3.3B	3.3B
Non Current Liabilities Total	1.5B	1.3B	1.2B	1.2B	1.1B	1.3B
Inventory	31.7M	26.3M	23.4M	35.2M	35.3M	29.1M
Other Stockholder Equity	66.3M	72.9M	76.3M	72.6M	65.3M	62.0M
Total Liab	1.7B	1.5B	1.4B	1.6B	1.4B	1.6B
Property Plant And Equipment Gross	2.8B	2.5B	2.3B	2.4B	7.0B	7.3B
Total Current Assets	417.8M	342.3M	319.8M	470.7M	510.9M	579.3M
Accumulated Other Comprehensive Income	134.3M	137.6M	134.8M	159.7M	183.7M	192.9M
Short Term Debt	12.4M	12.2M	13.2M	15.0M	17.2M	16.4M
Intangible Assets	31.7M	27.7M	23.9M	19.6M	17.3M	16.4M
Other Current Assets	52.4M	80.0M	0.0	76.1M	87.5M	91.9M
Other Assets	7.0M	3.2M	2.9M	455K	409.5K	389.0K
Common Stock	2.3B	2.3B	2.3B	2.3B	2.6B	2.5B
Other Liab	44.2M	40.3M	45.5M	96.6M	87.0M	163.3M
Net Tangible Assets	1.5B	1.4B	1.2B	1.2B	1.1B	1.3B
Long Term Debt	1.4B	1.2B	1.1B	1.1B	914.8M	1.2B
Deferred Long Term Liab	2.3M	2.1M	2.1M	1.4M	1.3M	2.1M
Property Plant Equipment	2.8B	2.5B	2.3B	2.4B	2.1B	2.5B
Long Term Debt Total	1.5B	1.3B	1.2B	1.1B	1.0B	1.3B
Capital Surpluse	66.3M	72.9M	76.3M	72.6M	83.4M	63.1M
Net Invested Capital	3.0B	2.6B	2.3B	2.3B	2.5B	2.2B

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

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Precision Drilling is a strong investment it is important to analyze Precision Drilling's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Precision Drilling's future performance. For an informed investment choice regarding Precision Stock, refer to the following important reports:

How To Invest In Precision

Details

Is Precision Stock a good investment?

Details

What is Precision Drilling's Net Worth?

Details

Largest Energy Equipment & Services Companies

View

Largest Oil & Gas Drilling Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.

You can also try the CEOs Directory module to screen CEOs from public companies around the world.

Complementary Tools for Precision Stock analysis

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

	Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Economic Indicators Top statistical indicators that provide insights into how an economy is performing
	Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios
	AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities

Please note, there is a significant difference between Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Precision Free Cash Flow Yield vs Invested Capital Analysis

Free Cash Flow Yield vs Invested Capital

Free Cash Flow Yield vs Invested Capital Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Invested Capital

Precision Drilling fundamental ratios Correlations

Precision Drilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Precision Drilling fundamental ratios Accounts

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

Complementary Tools for Precision Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets

Intangible Assets	- 0.91	Total Stockholder Equity
Inventory	- 0.89	Retained Earnings
Intangible Assets	- 0.89	Total Assets
Intangible Assets	- 0.88	Non Current Assets Total
Intangible Assets	- 0.86	Property Plant And Equipment Net
Intangible Assets	- 0.85	Total Liab