Canopy Free Cash Flow per Share vs Invested Capital Analysis

CGC Stock

USD 7.83 1.34 20.65%

Canopy Growth financial indicator trend analysis is way more than just evaluating Canopy Growth Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canopy Growth Corp is a good investment. Please check the relationship between Canopy Growth Free Cash Flow Per Share and its Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canopy Growth 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 price.

Free Cash Flow Per Share vs Invested Capital

Free Cash Flow per Share vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canopy Growth Corp Free Cash Flow per Share account and Invested Capital. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Canopy Growth's Free Cash Flow per Share and Invested Capital is 0.12. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Canopy Growth Corp, assuming nothing else is changed. The correlation between historical values of Canopy Growth's Free Cash Flow per Share 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 per Share of Canopy Growth Corp 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 per Share i.e., Canopy Growth's Free Cash Flow per Share and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

Invested Capital

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

Most indicators from Canopy Growth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canopy Growth 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canopy Growth 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 price.

As of April 19, 2024, Selling General Administrative is expected to decline to about 5.5 M. In addition to that, Tax Provision is expected to decline to about (4.5 M)

	2020	2021	2022	2024 (projected)
Cost Of Revenue	479.7M	713.4M	507.0M	694.7K
Research Development	57.6M	32.3M	21.7M	151.7K

Cost Of Revenue Research Development

Canopy Growth fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Accounts Payable	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Common Stock	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Intangible Assets	Other Liab	Net Tangible Assets	Other Assets
Total Assets		0.85	0.65	0.98	-0.43	-0.56	0.95	0.9	0.45	0.92	0.84	0.43	0.87	0.96	0.92	0.93	0.86	0.76	0.87	0.88	0.91	-0.15	0.96	0.7	0.89	0.88
Other Current Liab	0.85		0.73	0.79	-0.17	-0.76	0.72	0.61	0.48	0.59	0.48	0.24	0.84	0.71	0.77	0.9	0.67	0.7	0.9	0.87	0.86	-0.22	0.84	0.63	0.63	0.77
Total Current Liabilities	0.65	0.73		0.56	-0.13	-0.84	0.67	0.55	0.51	0.5	0.46	-0.39	0.72	0.63	0.74	0.85	0.46	0.49	0.87	0.6	0.56	-0.14	0.69	0.35	0.47	0.47
Total Stockholder Equity	0.98	0.79	0.56		-0.57	-0.39	0.97	0.92	0.38	0.93	0.83	0.5	0.73	0.97	0.95	0.86	0.83	0.63	0.76	0.85	0.86	-0.11	0.96	0.59	0.97	0.95
Net Debt	-0.43	-0.17	-0.13	-0.57		-0.3	-0.59	-0.48	0.33	-0.56	-0.47	-0.35	-0.01	-0.56	-0.61	-0.22	-0.52	0.2	-0.07	-0.18	-0.12	-0.06	-0.54	-0.12	-0.71	-0.64
Retained Earnings	-0.56	-0.76	-0.84	-0.39	-0.3		-0.43	-0.33	-0.52	-0.3	-0.3	0.3	-0.83	-0.42	-0.46	-0.8	-0.31	-0.68	-0.89	-0.56	-0.58	0.17	-0.51	-0.45	-0.19	-0.26
Cash	0.95	0.72	0.67	0.97	-0.59	-0.43		0.96	0.41	0.96	0.87	0.31	0.73	0.99	0.98	0.87	0.83	0.6	0.78	0.79	0.8	-0.13	0.94	0.55	0.96	0.88
Cash And Short Term Investments	0.9	0.61	0.55	0.92	-0.48	-0.33	0.96		0.55	0.96	0.88	0.38	0.68	0.96	0.91	0.79	0.81	0.67	0.69	0.82	0.83	-0.15	0.87	0.54	0.93	0.82
Common Stock Shares Outstanding	0.45	0.48	0.51	0.38	0.33	-0.52	0.41	0.55		0.34	0.31	-0.06	0.5	0.4	0.42	0.54	0.3	0.69	0.55	0.73	0.71	-0.11	0.41	0.29	0.3	0.32
Short Term Investments	0.92	0.59	0.5	0.93	-0.56	-0.3	0.96	0.96	0.34		0.93	0.45	0.71	0.98	0.88	0.78	0.83	0.64	0.68	0.73	0.76	-0.14	0.86	0.59	0.94	0.8
Other Current Assets	0.84	0.48	0.46	0.83	-0.47	-0.3	0.87	0.88	0.31	0.93		0.38	0.72	0.91	0.79	0.72	0.82	0.66	0.64	0.62	0.68	-0.01	0.78	0.66	0.81	0.64
Other Stockholder Equity	0.43	0.24	-0.39	0.5	-0.35	0.3	0.31	0.38	-0.06	0.45	0.38		0.19	0.37	0.22	0.11	0.5	0.32	0.02	0.4	0.46	-0.06	0.34	0.45	0.49	0.53
Total Liab	0.87	0.84	0.72	0.73	-0.01	-0.83	0.73	0.68	0.5	0.71	0.72	0.19		0.76	0.69	0.92	0.73	0.91	0.94	0.79	0.84	-0.19	0.77	0.8	0.56	0.55
Total Current Assets	0.96	0.71	0.63	0.97	-0.56	-0.42	0.99	0.96	0.4	0.98	0.91	0.37	0.76		0.95	0.87	0.85	0.65	0.78	0.8	0.82	-0.14	0.94	0.61	0.95	0.86
Accounts Payable	0.92	0.77	0.74	0.95	-0.61	-0.46	0.98	0.91	0.42	0.88	0.79	0.22	0.69	0.95		0.88	0.77	0.52	0.79	0.79	0.77	-0.11	0.95	0.47	0.94	0.9
Net Receivables	0.93	0.9	0.85	0.86	-0.22	-0.8	0.87	0.79	0.54	0.78	0.72	0.11	0.92	0.87	0.88		0.69	0.76	0.98	0.83	0.85	-0.18	0.89	0.59	0.74	0.75
Common Stock Total Equity	0.86	0.67	0.46	0.83	-0.52	-0.31	0.83	0.81	0.3	0.83	0.82	0.5	0.73	0.85	0.77	0.69		0.67	0.62	0.78	0.76	-0.12	0.85	0.88	0.78	0.7
Non Current Liabilities Total	0.76	0.7	0.49	0.63	0.2	-0.68	0.6	0.67	0.69	0.64	0.66	0.32	0.91	0.65	0.52	0.76	0.67		0.78	0.82	0.88	-0.22	0.62	0.79	0.46	0.44
Common Stock	0.87	0.9	0.87	0.76	-0.07	-0.89	0.78	0.69	0.55	0.68	0.64	0.02	0.94	0.78	0.79	0.98	0.62	0.78		0.79	0.82	-0.16	0.82	0.59	0.61	0.64
Property Plant And Equipment Net	0.88	0.87	0.6	0.85	-0.18	-0.56	0.79	0.82	0.73	0.73	0.62	0.4	0.79	0.8	0.79	0.83	0.78	0.82	0.79		0.98	-0.21	0.86	0.68	0.74	0.8
Non Current Assets Total	0.91	0.86	0.56	0.86	-0.12	-0.58	0.8	0.83	0.71	0.76	0.68	0.46	0.84	0.82	0.77	0.85	0.76	0.88	0.82	0.98		-0.18	0.84	0.69	0.74	0.78
Non Currrent Assets Other	-0.15	-0.22	-0.14	-0.11	-0.06	0.17	-0.13	-0.15	-0.11	-0.14	-0.01	-0.06	-0.19	-0.14	-0.11	-0.18	-0.12	-0.22	-0.16	-0.21	-0.18		0.03	-0.16	-0.1	-0.17
Intangible Assets	0.96	0.84	0.69	0.96	-0.54	-0.51	0.94	0.87	0.41	0.86	0.78	0.34	0.77	0.94	0.95	0.89	0.85	0.62	0.82	0.86	0.84	0.03		0.62	0.9	0.89
Other Liab	0.7	0.63	0.35	0.59	-0.12	-0.45	0.55	0.54	0.29	0.59	0.66	0.45	0.8	0.61	0.47	0.59	0.88	0.79	0.59	0.68	0.69	-0.16	0.62		0.44	0.4
Net Tangible Assets	0.89	0.63	0.47	0.97	-0.71	-0.19	0.96	0.93	0.3	0.94	0.81	0.49	0.56	0.95	0.94	0.74	0.78	0.46	0.61	0.74	0.74	-0.1	0.9	0.44		0.94
Other Assets	0.88	0.77	0.47	0.95	-0.64	-0.26	0.88	0.82	0.32	0.8	0.64	0.53	0.55	0.86	0.9	0.75	0.7	0.44	0.64	0.8	0.78	-0.17	0.89	0.4	0.94

Click cells to compare fundamentals

Canopy Growth Account Relationship Matchups

Canopy Growth fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	6.9B	6.8B	5.6B	2.4B	24.7M
Other Current Liab	43.4M	81.4M	199.4M	106.4M	139.3M	94.7M
Total Current Liabilities	411.7M	420.6M	284.3M	212.9M	803.8M	2.6M
Total Stockholder Equity	7.0B	4.9B	3.5B	3.6B	758.4M	20.6M
Net Debt	(677.4M)	428.3M	725.0M	629.9M	724.4M	760.6M
Retained Earnings	(777.1M)	(4.3B)	(6.1B)	(6.4B)	(9.7B)	(10.4M)
Cash	2.5B	1.3B	1.2B	776.0M	677.0M	5.5M
Cash And Short Term Investments	2.0B	2.3B	1.4B	782.6M	900.0M	895.3M
Common Stock Shares Outstanding	348.0M	371.7M	391.3M	463.7M	533.3M	559.9M
Short Term Investments	842K	2.0B	673.3M	1.1B	595.7M	105.6M
Liabilities And Stockholders Equity	6.9B	6.8B	5.6B	2.4B	2.8B	2.8B
Other Current Assets	79.0M	14.7M	67.2M	19.1M	10.1M	737.5K
Other Stockholder Equity	2.0B	2.6B	2.4B	2.5B	(7.2B)	1.7M
Total Liab	1.5B	1.7B	3.2B	2.0B	1.7B	4.1M
Total Current Assets	5.1B	2.6B	2.8B	1.7B	1.1B	9.8M
Accounts Payable	188.9M	123.4M	67.3M	64.3M	76.2M	2.3M
Net Receivables	107.0M	90.2M	92.4M	96.4M	94.0M	502.3K
Non Current Liabilities Total	1.3B	2.9B	1.8B	875.2M	1.0B	806.3M
Common Stock	6.0B	6.4B	7.2B	7.5B	7.9B	28.3M
Property Plant And Equipment Net	1.5B	1.1B	942.8M	499.5M	574.4M	616.1M
Non Current Assets Total	4.3B	4.0B	3.9B	1.4B	1.6B	2.1B
Non Currrent Assets Other	(24.5M)	(16.4M)	(649K)	19.4M	17.5M	16.6M
Intangible Assets	519.6M	476.4M	308.2M	252.7M	188.7M	54.6K
Net Tangible Assets	4.7B	2.5B	1.3B	1.5B	24.9M	23.6M
Long Term Debt	842.3M	449.0M	1.6B	1.5B	750.0M	1.5M
Good Will	314.9M	1.5B	2.0B	1.9B	1.9B	85.6M
Inventory	262.1M	391.1M	368.0M	204.4M	148.9M	3.0M
Long Term Investments	226.6M	475.8M	315.1M	708.3M	341.7M	568.3M
Short Long Term Debt	103.7M	16.4M	9.8M	9.3M	556.9M	1.8M
Accumulated Other Comprehensive Income	173.6M	1.7B	220.9M	(34.2M)	(42.3M)	(13.9M)
Short Term Debt	103.7M	56.7M	9.8M	9.3M	556.9M	1.8M
Property Plant Equipment	1.1B	1.5B	1.1B	942.8M	18.0M	17.1M
Short Long Term Debt Total	625.8M	1.6B	1.5B	1.3B	1.5B	1.6B
Property Plant And Equipment Gross	1.5B	1.1B	1.2B	499.5M	574.4M	712.7M
Current Deferred Revenue	37.6M	41.1M	100.8M	76.0M	87.4M	91.8M
Capital Lease Obligations	40.4M	136.2M	139.2M	109.3M	125.7M	132.0M

Pair Trading with Canopy Growth

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

Moving together with Canopy Stock

0.69

YS Biopharma Report 22nd of April 2024

Pair Corr

Moving against Canopy Stock

0.71	VERV	Verve Therapeutics Financial Report 20th of May 2024	Pair Corr
0.63	DRUG	Bright Minds Biosciences	Pair Corr
0.58	VCNX	Vaccinex	Pair Corr
0.55	VCYT	Veracyte Financial Report 2nd of May 2024	Pair Corr
0.53	DMTK	DermTech Financial Report 2nd of May 2024	Pair Corr

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

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

When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:

How To Invest In Canopy

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Is Canopy Stock a good investment?

Details

What is Canopy Growth's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canopy Growth 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 price.

Note that the Canopy Growth Corp information on this page should be used as a complementary analysis to other Canopy Growth'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Canopy Stock analysis

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

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Is Canopy Growth's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canopy Growth. If investors know Canopy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canopy Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(15.41)

Revenue Per Share

5.589

Quarterly Revenue Growth

(0.07)

Return On Assets

(0.09)

Return On Equity

(1.22)

The market value of Canopy Growth Corp is measured differently than its book value, which is the value of Canopy that is recorded on the company's balance sheet. Investors also form their own opinion of Canopy Growth's value that differs from its market value or its book value, called intrinsic value, which is Canopy Growth'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 Canopy Growth's market value can be influenced by many factors that don't directly affect Canopy Growth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth'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.

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Canopy Free Cash Flow per Share vs Invested Capital Analysis

Free Cash Flow Per Share vs Invested Capital

Free Cash Flow per Share vs Invested Capital Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Invested Capital

Canopy Growth fundamental ratios Correlations

Canopy Growth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canopy Growth fundamental ratios Accounts

Pair Trading with Canopy Growth

Moving together with Canopy Stock

Moving against Canopy Stock

Complementary Tools for Canopy Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.99	Cash
Total Stockholder Equity	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Cash
Total Current Assets	+ 0.98	Short Term Investments
Common Stock	+ 0.98	Net Receivables
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net

Common Stock	- 0.89	Retained Earnings
Retained Earnings	- 0.84	Total Current Liabilities
Total Liab	- 0.83	Retained Earnings
Net Receivables	- 0.8	Retained Earnings
Retained Earnings	- 0.76	Other Current Liab
Net Tangible Assets	- 0.71	Net Debt