Critical Elements Stock Probability Of Bankruptcy
| CRE Stock | CAD 0.41 0.03 6.82% |
Critical | Probability Of Bankruptcy |
Critical Elements Company odds of financial turmoil Analysis
Critical Elements' 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 Critical Elements Probability Of Bankruptcy | Less than 27% |
Most of Critical Elements' 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, Critical Elements is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Critical Elements 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 Critical Elements 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 Critical Elements financial health.
Critical Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Critical Elements is extremely important. It helps to project a fair market value of Critical Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Critical Elements' 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 Critical Elements' 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 Critical Elements' 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, Critical Elements has a Probability Of Bankruptcy of 27.0%. This is 39.11% lower than that of the Metals & Mining sector and 38.79% lower than that of the Materials industry. The probability of bankruptcy for all Canada stocks is 32.21% higher than that of the company.
Critical Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Critical Elements' 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 Critical Elements could also be used in its relative valuation, which is a method of valuing Critical Elements by comparing valuation metrics of similar companies.Critical Elements is currently under evaluation in probability of bankruptcy category among its peers.
Critical Elements Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | (0.0489) | (0.0321) | (0.1) | (0.0412) | (0.0371) | (0.0389) | |
| Net Debt | 5.0M | (5.5M) | (29.8M) | (25.3M) | (22.8M) | (21.7M) | |
| Total Current Liabilities | 673.2K | 2.9M | 3.0M | 4.1M | 2.3M | 1.3M | |
| Non Current Liabilities Total | 8.6M | 2.1M | 2.5M | 2.8M | 3.4M | 3.1M | |
| Total Assets | 30.6M | 38.7M | 65.8M | 79.0M | 79.3M | 83.3M | |
| Total Current Assets | 4.4M | 11.5M | 34.6M | 33.5M | 23.0M | 24.1M | |
| Total Cash From Operating Activities | (1.5M) | (2.9M) | (6.0M) | (5.2M) | (6.1M) | (5.8M) |
Critical Fundamentals
| Return On Equity | -0.0017 | |||
| Return On Asset | -0.0453 | |||
| Current Valuation | 67.52 M | |||
| Shares Outstanding | 217.85 M | |||
| Shares Owned By Insiders | 4.27 % | |||
| Shares Owned By Institutions | 3.86 % | |||
| Number Of Shares Shorted | 330.62 K | |||
| Price To Earning | (83.68) X | |||
| Price To Book | 1.20 X | |||
| EBITDA | (5.69 M) | |||
| Net Income | (124.06 K) | |||
| Cash And Equivalents | 2.92 M | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 5.74 M | |||
| Debt To Equity | 18.90 % | |||
| Current Ratio | 9.03 X | |||
| Book Value Per Share | 0.34 X | |||
| Cash Flow From Operations | (6.06 M) | |||
| Short Ratio | 1.48 X | |||
| Target Price | 3.08 | |||
| Beta | 0.37 | |||
| Market Capitalization | 89.32 M | |||
| Total Asset | 79.3 M | |||
| Retained Earnings | (49.51 M) | |||
| Working Capital | 20.7 M | |||
| Net Asset | 79.3 M |
About Critical Elements Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Critical Elements's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Critical Elements using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Critical Elements 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 Critical Stock Analysis
When running Critical Elements' price analysis, check to measure Critical Elements' 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 Critical Elements is operating at the current time. Most of Critical Elements' value examination focuses on studying past and present price action to predict the probability of Critical Elements' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Critical Elements' price. Additionally, you may evaluate how the addition of Critical Elements to your portfolios can decrease your overall portfolio volatility.