Calumet Specialty Products Stock Probability Of Bankruptcy
| CLMT Stock | USD 22.54 0.14 0.63% |
Calumet | Probability Of Bankruptcy |
Calumet Specialty Products Company probability of financial unrest Analysis
Calumet Specialty's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Calumet Specialty Probability Of Bankruptcy | Less than 27% |
Most of Calumet Specialty's fundamental indicators, such as Probability Of Bankruptcy, 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, Calumet Specialty Products is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Calumet Specialty probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Calumet Specialty odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Calumet Specialty Products financial health.
Is Oil & Gas Refining & Marketing space 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 Calumet Specialty. If investors know Calumet 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 Calumet Specialty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 5.617 | Earnings Share (2.82) | Revenue Per Share 51.634 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0167 |
The market value of Calumet Specialty is measured differently than its book value, which is the value of Calumet that is recorded on the company's balance sheet. Investors also form their own opinion of Calumet Specialty's value that differs from its market value or its book value, called intrinsic value, which is Calumet Specialty'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 Calumet Specialty's market value can be influenced by many factors that don't directly affect Calumet Specialty'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 Calumet Specialty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calumet Specialty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calumet Specialty'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.
Calumet Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Calumet Specialty is extremely important. It helps to project a fair market value of Calumet Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Calumet Specialty's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Calumet Specialty's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Calumet Specialty's interrelated accounts and indicators.
Click cells to compare fundamentals
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Calumet Specialty Products has a Probability Of Bankruptcy of 27.0%. This is 44.01% lower than that of the Oil, Gas & Consumable Fuels sector and 44.52% lower than that of the Energy industry. The probability of bankruptcy for all United States stocks is 32.21% higher than that of the company.
Calumet Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Calumet Specialty's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Calumet Specialty could also be used in its relative valuation, which is a method of valuing Calumet Specialty by comparing valuation metrics of similar companies.Calumet Specialty is currently under evaluation in probability of bankruptcy category among its peers.
Calumet Specialty Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | (0.0264) | (0.0235) | (0.0824) | (0.0627) | 0.0175 | 0.0184 | |
| Net Debt | 1.3B | 1.3B | 1.5B | 1.6B | 2.0B | 1.1B | |
| Total Current Liabilities | 565M | 544.5M | 899.8M | 1.4B | 1.1B | 1.2B | |
| Non Current Liabilities Total | 1.3B | 1.4B | 1.6B | 1.7B | 1.9B | 1.2B | |
| Total Assets | 1.9B | 1.8B | 2.1B | 2.7B | 2.8B | 1.8B | |
| Total Current Assets | 512.1M | 534.9M | 632.6M | 820.4M | 794.7M | 650.2M | |
| Total Cash From Operating Activities | 191.9M | 62.8M | (44M) | 100.6M | (14.9M) | (14.2M) |
Calumet Specialty ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Calumet Specialty's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Calumet Specialty's managers, analysts, and investors.Environmental | Governance | Social |
Calumet Fundamentals
| Return On Equity | -11.72 | ||||
| Return On Asset | 0.0167 | ||||
| Profit Margin | (0.05) % | ||||
| Operating Margin | (0.04) % | ||||
| Current Valuation | 3.96 B | ||||
| Shares Outstanding | 85.9 M | ||||
| Shares Owned By Insiders | 21.27 % | ||||
| Shares Owned By Institutions | 37.28 % | ||||
| Number Of Shares Shorted | 5.15 M | ||||
| Price To Earning | 286.67 X | ||||
| Price To Book | 19.32 X | ||||
| Price To Sales | 0.46 X | ||||
| Revenue | 4.18 B | ||||
| Gross Profit | 370.2 M | ||||
| EBITDA | 418.2 M | ||||
| Net Income | 47.1 M | ||||
| Cash And Equivalents | 50.5 M | ||||
| Cash Per Share | 0.64 X | ||||
| Total Debt | 2.19 B | ||||
| Current Ratio | 0.60 X | ||||
| Book Value Per Share | (7.83) X | ||||
| Cash Flow From Operations | (14.9 M) | ||||
| Short Ratio | 5.82 X | ||||
| Earnings Per Share | (2.82) X | ||||
| Price To Earnings To Growth | 2.71 X | ||||
| Target Price | 24.6 | ||||
| Number Of Employees | 1.58 K | ||||
| Beta | 1.91 | ||||
| Market Capitalization | 1.94 B | ||||
| Total Asset | 2.75 B | ||||
| Retained Earnings | (421.9 M) | ||||
| Working Capital | (318 M) | ||||
| Current Asset | 609 M | ||||
| Current Liabilities | 626.6 M | ||||
| Net Asset | 2.75 B |
About Calumet Specialty Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Calumet Specialty Products's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Calumet Specialty using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Calumet Specialty Products 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.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Calumet Stock Analysis
When running Calumet Specialty's price analysis, check to measure Calumet Specialty'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 Calumet Specialty is operating at the current time. Most of Calumet Specialty's value examination focuses on studying past and present price action to predict the probability of Calumet Specialty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calumet Specialty's price. Additionally, you may evaluate how the addition of Calumet Specialty to your portfolios can decrease your overall portfolio volatility.