| 1109 Stock | | | TWD 18.35 0.10 0.54% |
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hsing Ta Cement. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Hsing Ta Cement Company Z Score Analysis
Hsing Ta's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Current Hsing Ta Z Score | | | | 6.6 |
Most of Hsing Ta's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Hsing Ta Cement is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
| First Factor | = | 1.2 * ( | Working Capital | / | Total Assets ) |
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| Second Factor | = | 1.4 * ( | Retained Earnings | / | Total Assets ) |
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| Thrid Factor | = | 3.3 * ( | EBITAD | / | Total Assets ) |
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| Fouth Factor | = | 0.6 * ( | Market Value of Equity | / | Total Liabilities ) |
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| Fifth Factor | = | 0.99 * ( | Revenue | / | Total Assets ) |
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
In accordance with the company's disclosures, Hsing Ta Cement has a Z Score of 6.6. This is 162.95% higher than that of the Construction Materials sector and 165.06% higher than that of the
Materials industry. The z score for all Taiwan stocks is 24.31% higher than that of the company.
Hsing Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hsing Ta's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hsing Ta could also be used in its relative valuation, which is a method of valuing Hsing Ta by comparing valuation metrics of similar companies.
Hsing Ta is currently under evaluation in z score category among its peers.
Hsing Fundamentals
About Hsing Ta Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hsing Ta Cement's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hsing Ta using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Hsing Ta Cement based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing
financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our
fundamental analysis page.
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Additional Tools for Hsing Stock Analysis
When running Hsing Ta's price analysis, check to
measure Hsing Ta'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 Hsing Ta is operating at the current time. Most of Hsing Ta's value examination focuses on studying past and present price action to
predict the probability of Hsing Ta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hsing Ta's price. Additionally, you may evaluate how the addition of Hsing Ta to your portfolios can decrease your overall portfolio volatility.