Covalon Technologies (Covalon Technologies) FCF Yield % : -14.89 (As of May. 22, 2024)

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What is Covalon Technologies FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Covalon Technologies's Trailing 12-Month Free Cash Flow is $-2.82 Mil, and Market Cap is $18.85 Mil. Therefore, Covalon Technologies's FCF Yield % for today is -14.89%.

The historical rank and industry rank for Covalon Technologies's FCF Yield % or its related term are showing as below:

CVALF' s FCF Yield % Range Over the Past 10 Years
Min: -208.35 Med: -7.56 Max: 30.26
Current: -14.89

During the past 13 years, the highest FCF Yield % of Covalon Technologies was 30.26%. The lowest was -208.35%. And the median was -7.56%.

CVALF's FCF Yield % is ranked worse than
51.29% of 1556 companies
in the Biotechnology industry
Industry Median: -14.16 vs CVALF: -14.89

Covalon Technologies's FCF Margin % for the quarter that ended in Dec. 2023 was 0.06%.

Covalon Technologies FCF Yield % Historical Data

The historical data trend for Covalon Technologies's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Covalon Technologies FCF Yield % Chart

Covalon Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

FCF Yield %

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-7.11

-19.13

0.63

-14.70

-13.32

Covalon Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
FCF Yield %	Get a 7-Day Free Trial															-4.83	-18.75	-10.30	-3.80	0.04

Competitive Comparison of Covalon Technologies's FCF Yield %

For the Biotechnology subindustry, Covalon Technologies's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Covalon Technologies's FCF Yield % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Covalon Technologies's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Covalon Technologies's FCF Yield % falls into.

Covalon Technologies FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Covalon Technologies's FCF Yield % for the fiscal year that ended in Sep. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	-3.326	/	24.97797
	=	-13.32%

Covalon Technologies's annualized FCF Yield % for the quarter that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	0.002	*	4	/	18.995592
	=	0.04%

Covalon Technologies FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Covalon Technologies FCF Yield % Related Terms

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Covalon Technologies (Covalon Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Covalon Technologies Ltd (OTCPK:CVALF) » Definitions » FCF Yield %

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Traded in Other Exchanges

COV:Canada

Address

1660 Tech Avenue, Unit 5, Mississauga, ON, CAN, L4W 5S7

Website

https://www.covalon.com

Covalon Technologies Ltd is principally engaged in the business of developing, licensing, and selling medical technologies. The company develops advanced wound care line which is designed for the treatment of a wide range of wounds; and infection prevention products such as MediClear PreOp which is a breathable, transparent, self-adhesive silicone barrier film that conforms to the contours of the body. It also develops perioperative care products. The company generates its revenue through development contracts, licensing agreements, and distribution contracts, and sales.