Quest Diagnostics Incorporated Stock Probability Of Bankruptcy

DGX Stock

USD 163.89 2.57 1.59%

Quest Diagnostics' odds of distress is under 8% at this time. It has tiny probability of undergoing some form of financial hardship in the near future. Probability of bankruptcy shows the probability of financial torment over the next two years of operations under current economic and market conditions. All items used in analyzing the odds of distress are taken from the Quest balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Quest Diagnostics Piotroski F Score and Quest Diagnostics Altman Z Score analysis.

Market Cap is likely to rise to about 9.2 B in 2024. Enterprise Value is likely to rise to about 10.2 B in 2024

Quest Diagnostics Incorporated Company probability of bankruptcy Analysis

Quest Diagnostics' 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.

Probability Of Bankruptcy

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Quest Diagnostics Probability Of Bankruptcy

Less than 8%

Most of Quest Diagnostics' 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, Quest Diagnostics Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Our calculation of Quest Diagnostics 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 Quest Diagnostics 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 Quest Diagnostics Incorporated financial health.

Is Health Care Providers & Services 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 Quest Diagnostics. If investors know Quest 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 Quest Diagnostics 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

0.015

Dividend Share

2.96

Earnings Share

7.45

Revenue Per Share

85.744

Quarterly Revenue Growth

0.084

The market value of Quest Diagnostics is measured differently than its book value, which is the value of Quest that is recorded on the company's balance sheet. Investors also form their own opinion of Quest Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Quest Diagnostics' 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 Quest Diagnostics' market value can be influenced by many factors that don't directly affect Quest Diagnostics' 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 Quest Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Quest Diagnostics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quest Diagnostics' 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.

Quest Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Quest Diagnostics is extremely important. It helps to project a fair market value of Quest Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Quest Diagnostics' 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 Quest Diagnostics' 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 Quest Diagnostics' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Intangible Assets	Long Term Debt	Property Plant Equipment	Good Will	Treasury Stock	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.91	0.86	0.67	0.94	0.99	0.87	0.36	0.82	0.92	0.96	0.57	0.96	-0.8	-0.58	0.35	0.78	0.37	0.27	-0.31	0.39	0.56	0.48	0.01
Total Stockholder Equity	0.99		0.86	0.88	0.71	0.95	0.96	0.87	0.27	0.78	0.91	0.94	0.59	0.95	-0.81	-0.59	0.42	0.78	0.4	0.33	-0.38	0.4	0.57	0.51	0.01
Net Debt	0.91	0.86		0.75	0.4	0.75	0.94	0.62	0.44	0.91	0.89	0.95	0.45	0.96	-0.75	-0.37	-0.02	0.65	0.24	0.16	-0.14	0.1	0.32	0.13	0.03
Retained Earnings	0.86	0.88	0.75		0.64	0.82	0.83	0.73	0.41	0.69	0.85	0.85	0.75	0.88	-0.91	-0.65	0.37	0.8	0.62	0.41	-0.27	0.38	0.7	0.45	-0.38
Accounts Payable	0.67	0.71	0.4	0.64		0.81	0.63	0.84	0.15	0.28	0.5	0.54	0.66	0.55	-0.44	-0.79	0.73	0.75	0.34	0.13	-0.5	0.58	0.77	0.85	-0.21
Net Receivables	0.94	0.95	0.75	0.82	0.81		0.91	0.93	0.27	0.68	0.85	0.85	0.61	0.87	-0.7	-0.66	0.49	0.74	0.32	0.22	-0.44	0.51	0.63	0.69	0.0
Total Liab	0.99	0.96	0.94	0.83	0.63	0.91		0.85	0.43	0.85	0.91	0.97	0.55	0.97	-0.77	-0.56	0.27	0.75	0.33	0.2	-0.22	0.38	0.53	0.44	0.01
Total Current Assets	0.87	0.87	0.62	0.73	0.84	0.93	0.85		0.38	0.54	0.7	0.75	0.58	0.73	-0.59	-0.75	0.64	0.75	0.39	0.22	-0.26	0.75	0.75	0.81	-0.05
Short Term Debt	0.36	0.27	0.44	0.41	0.15	0.27	0.43	0.38		0.26	0.46	0.3	0.39	0.36	-0.35	-0.49	-0.01	0.37	0.39	0.02	0.59	0.43	0.52	0.14	-0.36
Common Stock	0.82	0.78	0.91	0.69	0.28	0.68	0.85	0.54	0.26		0.79	0.91	0.28	0.9	-0.72	-0.1	-0.16	0.44	0.23	0.15	-0.14	0.04	0.16	0.09	0.02
Intangible Assets	0.92	0.91	0.89	0.85	0.5	0.85	0.91	0.7	0.46	0.79		0.89	0.52	0.93	-0.83	-0.46	0.15	0.67	0.44	0.34	-0.2	0.24	0.45	0.3	-0.03
Long Term Debt	0.96	0.94	0.95	0.85	0.54	0.85	0.97	0.75	0.3	0.91	0.89		0.51	0.98	-0.82	-0.43	0.17	0.74	0.35	0.29	-0.31	0.25	0.43	0.34	-0.03
Property Plant Equipment	0.57	0.59	0.45	0.75	0.66	0.61	0.55	0.58	0.39	0.28	0.52	0.51		0.58	-0.45	-0.82	0.36	0.84	0.3	-0.07	-0.25	0.31	0.87	0.52	-0.68
Good Will	0.96	0.95	0.96	0.88	0.55	0.87	0.97	0.73	0.36	0.9	0.93	0.98	0.58		-0.83	-0.47	0.14	0.73	0.34	0.22	-0.28	0.21	0.47	0.31	-0.09
Treasury Stock	-0.8	-0.81	-0.75	-0.91	-0.44	-0.7	-0.77	-0.59	-0.35	-0.72	-0.83	-0.82	-0.45	-0.83		0.42	-0.28	-0.61	-0.68	-0.61	0.2	-0.28	-0.42	-0.23	0.12
Current Deferred Revenue	-0.58	-0.59	-0.37	-0.65	-0.79	-0.66	-0.56	-0.75	-0.49	-0.1	-0.46	-0.43	-0.82	-0.47	0.42		-0.69	-0.81	-0.33	-0.09	0.2	-0.68	-0.9	-0.73	0.37
Net Tangible Assets	0.35	0.42	-0.02	0.37	0.73	0.49	0.27	0.64	-0.01	-0.16	0.15	0.17	0.36	0.14	-0.28	-0.69		0.5	0.43	0.44	-0.35	0.73	0.63	0.75	0.01
Long Term Debt Total	0.78	0.78	0.65	0.8	0.75	0.74	0.75	0.75	0.37	0.44	0.67	0.74	0.84	0.73	-0.61	-0.81	0.5		0.47	0.24	-0.33	0.41	0.81	0.57	-0.4
Capital Surpluse	0.37	0.4	0.24	0.62	0.34	0.32	0.33	0.39	0.39	0.23	0.44	0.35	0.3	0.34	-0.68	-0.33	0.43	0.47		0.74	0.1	0.39	0.52	0.29	-0.39
Long Term Investments	0.27	0.33	0.16	0.41	0.13	0.22	0.2	0.22	0.02	0.15	0.34	0.29	-0.07	0.22	-0.61	-0.09	0.44	0.24	0.74		-0.18	0.29	0.09	0.11	0.12
Short Long Term Debt	-0.31	-0.38	-0.14	-0.27	-0.5	-0.44	-0.22	-0.26	0.59	-0.14	-0.2	-0.31	-0.25	-0.28	0.2	0.2	-0.35	-0.33	0.1	-0.18		0.04	-0.06	-0.39	-0.14
Cash And Equivalents	0.39	0.4	0.1	0.38	0.58	0.51	0.38	0.75	0.43	0.04	0.24	0.25	0.31	0.21	-0.28	-0.68	0.73	0.41	0.39	0.29	0.04		0.66	0.81	-0.08
Net Invested Capital	0.56	0.57	0.32	0.7	0.77	0.63	0.53	0.75	0.52	0.16	0.45	0.43	0.87	0.47	-0.42	-0.9	0.63	0.81	0.52	0.09	-0.06	0.66		0.74	-0.61
Net Working Capital	0.48	0.51	0.13	0.45	0.85	0.69	0.44	0.81	0.14	0.09	0.3	0.34	0.52	0.31	-0.23	-0.73	0.75	0.57	0.29	0.11	-0.39	0.81	0.74		-0.2
Capital Stock	0.01	0.01	0.03	-0.38	-0.21	0.0	0.01	-0.05	-0.36	0.02	-0.03	-0.03	-0.68	-0.09	0.12	0.37	0.01	-0.4	-0.39	0.12	-0.14	-0.08	-0.61	-0.2

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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

Predict Quest Diagnostics

Based on the latest financial disclosure, Quest Diagnostics Incorporated has a Probability Of Bankruptcy of 8.0%. This is 81.52% lower than that of the Health Care Providers & Services sector and 80.41% lower than that of the Health Care industry. The probability of bankruptcy for all United States stocks is 79.91% higher than that of the company.

Quest Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Quest Diagnostics' 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 Quest Diagnostics could also be used in its relative valuation, which is a method of valuing Quest Diagnostics by comparing valuation metrics of similar companies.

Quest Diagnostics is currently under evaluation in probability of bankruptcy category among its peers.

Quest Diagnostics Main Bankruptcy Drivers

	2019	2020	2021	2022	2023	2024 (projected)
Return On Assets	0.0668	0.1	0.15	0.0737	0.0609	0.041
Asset Turnover	0.6	0.67	0.79	0.77	0.66	0.99
Net Debt	4.1B	3.5B	3.8B	4.3B	4.7B	2.7B
Total Current Liabilities	2.0B	1.8B	1.8B	1.6B	1.8B	1.2B
Non Current Liabilities Total	5.1B	5.4B	5.3B	5.3B	5.8B	3.3B
Total Assets	12.8B	14.0B	13.6B	12.8B	14.0B	8.5B
Total Current Assets	2.5B	3.1B	2.7B	1.9B	2.4B	1.6B
Total Cash From Operating Activities	1.2B	2.0B	2.2B	1.7B	1.3B	1.0B

Quest Diagnostics 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, Quest Diagnostics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Quest Diagnostics' managers, analysts, and investors.

Environmental

Governance

Social

Quest Fundamentals

	Return On Equity	0.13
	Return On Asset	0.0566
	Profit Margin	0.09 %
	Operating Margin	0.14 %
	Current Valuation	24.19 B
	Shares Outstanding	111.61 M
	Shares Owned By Insiders	0.43 %
	Shares Owned By Institutions	91.25 %
	Number Of Shares Shorted	2.38 M
	Price To Earning	14.57 X
	Price To Book	2.64 X
	Price To Sales	1.89 X
	Revenue	9.25 B
	Gross Profit	3.47 B
	EBITDA	1.26 B
	Net Income	850 M
	Cash And Equivalents	315 M
	Cash Per Share	6.15 X
	Total Debt	5.37 B
	Debt To Equity	0.73 %
	Current Ratio	1.46 X
	Book Value Per Share	60.80 X
	Cash Flow From Operations	1.27 B
	Short Ratio	3.02 X
	Earnings Per Share	7.45 X
	Price To Earnings To Growth	1.88 X
	Target Price	167.11
	Number Of Employees	50 K
	Beta	0.89
	Market Capitalization	18.01 B
	Total Asset	14.02 B
	Retained Earnings	8.82 B
	Working Capital	557 M
	Current Asset	1.5 B
	Current Liabilities	1.17 B
	Annual Yield	0.02 %
	Five Year Return	1.89 %
	Net Asset	14.02 B
	Last Dividend Paid	2.96

About Quest Diagnostics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Quest Diagnostics Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Quest Diagnostics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Quest Diagnostics Incorporated 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 Quest Stock Analysis

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

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Quest Diagnostics Incorporated Stock Probability Of Bankruptcy

Quest Diagnostics Incorporated Company probability of bankruptcy Analysis

Probability Of Bankruptcy

Normalized

Z-Score

Current Quest Diagnostics Probability Of Bankruptcy

Quest Probability Of Bankruptcy Driver Correlations

Quest Probability Of Bankruptcy Peer Comparison

Quest Diagnostics Main Bankruptcy Drivers

Quest Diagnostics ESG Sustainability

Quest Fundamentals

About Quest Diagnostics Fundamental Analysis

Also Currently Popular

Additional Tools for Quest Stock Analysis

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