Alcoa Free Cash Flow vs Enterprise Value Analysis

AA -  USA Stock  

USD 37.06  0.17  0.46%

Alcoa Corp financial indicator trend analysis is way more than just evaluating Alcoa Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Corp is a good investment. Please check the relationship between Alcoa Corp Free Cash Flow and its Enterprise Value accounts. Please continue to Trending Equities.

Free Cash Flow vs Enterprise Value

Accounts Relationship

Free Cash Flow vs Enterprise Value

Significance: Fragmental Relationship

Free Cash Flow diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Alcoa Corp Free Cash Flow account and Enterprise Value

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

Free Cash Flow

Free Cash Flow is a measure of financial performance calculated as Net Cash Flow from Operations minus Capital Expenditure.

Enterprise Value

Enterprise Value (or EV) is usually referred to as Alcoa Corp theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Alcoa Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Alcoa Corp value than its market capitalization because it takes into account all of Alcoa Corp existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.
Most indicators from Alcoa Corp fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa 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. Please continue to Trending Equities.Alcoa Corp Selling General and Administrative Expense is projected to decrease significantly based on the last few years of reporting. The past year's Selling General and Administrative Expense was at 206 Million. The current year Issuance Purchase of Equity Shares is expected to grow to about 1 M, whereas Net Cash Flow Business Acquisitions and Disposals is forecasted to decline to about 167.9 M.
 2018 2019 2020 2021 (projected)
Interest Expense122 M121 M146 M162.11 M
Gross Profit3.35 B1.9 B1.32 B1.59 B

Alcoa Corp fundamental ratios Correlations

0.330.490.140.160.04-0.140.03-0.10.030.060.230.890.170.17-0.040.1-0.060.540.130.290.250.18
0.330.580.220.310.050.170.130.00.13-0.180.420.340.10.10.370.680.320.630.050.980.030.48
0.490.580.66-0.010.51-0.28-0.360.46-0.360.360.30.440.590.59-0.110.59-0.190.920.550.60.650.44
0.140.220.66-0.680.97-0.81-0.860.95-0.860.870.62-0.090.980.98-0.7-0.04-0.740.780.970.130.90.57
0.160.31-0.01-0.68-0.830.930.91-0.820.91-0.86-0.670.42-0.76-0.760.890.680.88-0.19-0.810.41-0.59-0.37
0.040.050.510.97-0.83-0.91-0.940.98-0.950.940.66-0.20.980.98-0.82-0.23-0.850.640.99-0.040.880.54
-0.140.17-0.28-0.810.93-0.910.93-0.850.93-0.95-0.670.09-0.9-0.90.930.540.94-0.42-0.920.26-0.76-0.46
0.030.13-0.36-0.860.91-0.940.93-0.91.0-0.96-0.670.24-0.93-0.930.920.430.93-0.49-0.930.21-0.73-0.6
-0.10.00.460.95-0.820.98-0.85-0.9-0.90.890.57-0.350.930.93-0.75-0.2-0.780.580.97-0.090.890.41
0.030.13-0.36-0.860.91-0.950.931.0-0.9-0.96-0.670.25-0.93-0.930.920.430.93-0.49-0.930.21-0.74-0.59
0.06-0.180.360.87-0.860.94-0.95-0.960.89-0.960.55-0.120.950.95-0.95-0.44-0.970.470.94-0.260.790.55
0.230.420.30.62-0.670.66-0.67-0.670.57-0.670.55-0.030.630.63-0.52-0.27-0.530.560.640.280.390.71
0.890.340.44-0.090.42-0.20.090.24-0.350.25-0.12-0.03-0.04-0.040.140.290.120.34-0.110.390.010.15
0.170.10.590.98-0.760.98-0.9-0.930.93-0.930.950.63-0.041.0-0.82-0.19-0.860.70.990.010.880.61
0.170.10.590.98-0.760.98-0.9-0.930.93-0.930.950.63-0.041.0-0.82-0.19-0.860.70.990.010.880.61
-0.040.37-0.11-0.70.89-0.820.930.92-0.750.92-0.95-0.520.14-0.82-0.820.671.0-0.25-0.810.46-0.62-0.5
0.10.680.59-0.040.68-0.230.540.43-0.20.43-0.44-0.270.29-0.19-0.190.670.610.39-0.220.79-0.03-0.01
-0.060.32-0.19-0.740.88-0.850.940.93-0.780.93-0.97-0.530.12-0.86-0.861.00.61-0.31-0.850.41-0.65-0.53
0.540.630.920.78-0.190.64-0.42-0.490.58-0.490.470.560.340.70.7-0.250.39-0.310.670.560.710.56
0.130.050.550.97-0.810.99-0.92-0.930.97-0.930.940.64-0.110.990.99-0.81-0.22-0.850.67-0.030.910.51
0.290.980.60.130.41-0.040.260.21-0.090.21-0.260.280.390.010.010.460.790.410.56-0.03-0.030.41
0.250.030.650.9-0.590.88-0.76-0.730.89-0.740.790.390.010.880.88-0.62-0.03-0.650.710.91-0.030.21
0.180.480.440.57-0.370.54-0.46-0.60.41-0.590.550.710.150.610.61-0.5-0.01-0.530.560.510.410.21
Click cells to compare fundamentals

Alcoa Corp Account Relationship Matchups

Alcoa Corp fundamental ratios Accounts

201620172018201920202021 (projected)
Inventories1.17 B1.16 B1.45 B1.64 B1.4 B1.34 B
Receivables834 M1.04 B1 B660 M556 M612.15 M
Accounts Payable1.46 B1.9 B1.66 B1.48 B1.4 B1.65 B
Accumulated Other Comprehensive Income(3.77 B)(5.18 B)(4.57 B)(4.97 B)(5.63 B)(6.07 B)
Total Assets16.74 B17.45 B16.13 B14.63 B14.86 B14.73 B
Current Assets3.18 B4.24 B4.33 B3.53 B4.52 B4.47 B
Assets Non Current13.56 B13.21 B11.8 B11.1 B10.34 B10.83 B
Cash and Equivalents853 M1.36 B1.11 B879 M1.61 B1.39 B
Cash and Equivalents USD853 M1.36 B1.11 B879 M1.61 B1.39 B
Total Debt1.45 B1.4 B1.8 B1.8 B2.46 B2.08 B
Debt Current18 M21 M16 M1,000 K2 M2.05 M
Debt Non Current1.42 B1.39 B1.8 B1.8 B2.46 B2.07 B
Total Debt USD1.45 B1.4 B1.8 B1.8 B2.46 B2.08 B
Shareholders Equity5.65 B4.52 B5.62 B4.11 B3.31 B4.34 B
Shareholders Equity USD5.65 B4.52 B5.62 B4.11 B3.31 B4.34 B
Inventory1.16 B1.45 B1.82 B1.64 B1.4 B1.58 B
Investments1.36 B1.41 B1.36 B1.11 B1.05 B1.13 B
Investments Non Current1.36 B1.41 B1.36 B1.11 B1.05 B1.13 B
Total Liabilities9.04 B10.65 B8.54 B8.74 B9.84 B9.92 B
Current Liabilities2.82 B3.25 B2.92 B2.56 B2.76 B3.06 B
Liabilities Non Current6.22 B7.4 B5.62 B6.18 B7.08 B6.86 B
Trade and Non Trade Payables1.46 B1.9 B1.66 B1.48 B1.4 B1.4 B
Property Plant and Equipment Net9.32 B9.14 B8.33 B7.92 B7.19 B7.55 B
Trade and Non Trade Receivables834 M1.04 B1 B660 M556 M731.97 M
Tax Assets741 M814 M560 M642 M655 M649.46 M
Tax Liabilities457 M591 M727 M380 M300 M378.29 M

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Pair Trading with Alcoa Corp

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

Alcoa Corp Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Alcoa Corp and First Majestic Silver. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Alcoa Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp'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.