Evertz Technologies Limited Stock Probability Of Bankruptcy
| ET Stock | CAD 12.19 0.05 0.41% |
Evertz | Probability Of Bankruptcy |
Evertz Technologies Limited Company odds of distress Analysis
Evertz Technologies' 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 Evertz Technologies Probability Of Bankruptcy | Less than 3% |
Most of Evertz Technologies' 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, Evertz Technologies Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Evertz Technologies 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 Evertz Technologies 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 Evertz Technologies Limited financial health.
Evertz Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Evertz Technologies is extremely important. It helps to project a fair market value of Evertz Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Evertz Technologies' 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 Evertz Technologies' 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 Evertz Technologies' interrelated accounts and indicators.
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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 |
Based on the latest financial disclosure, Evertz Technologies Limited has a Probability Of Bankruptcy of 3.0%. This is 92.59% lower than that of the Communications Equipment sector and 92.71% lower than that of the Information Technology industry. The probability of bankruptcy for all Canada stocks is 92.47% higher than that of the company.
Evertz Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Evertz Technologies' 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 Evertz Technologies could also be used in its relative valuation, which is a method of valuing Evertz Technologies by comparing valuation metrics of similar companies.Evertz Technologies is currently under evaluation in probability of bankruptcy category among its peers.
Evertz Fundamentals
| Return On Equity | 0.25 | ||||
| Return On Asset | 0.12 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 859.13 M | ||||
| Shares Outstanding | 76.11 M | ||||
| Shares Owned By Insiders | 64.49 % | ||||
| Shares Owned By Institutions | 7.02 % | ||||
| Number Of Shares Shorted | 71.38 K | ||||
| Price To Earning | 13.23 X | ||||
| Price To Book | 3.56 X | ||||
| Price To Sales | 1.85 X | ||||
| Revenue | 514.62 M | ||||
| Gross Profit | 268.26 M | ||||
| EBITDA | 100.94 M | ||||
| Net Income | 70.17 M | ||||
| Cash And Equivalents | 12.47 M | ||||
| Cash Per Share | 0.48 X | ||||
| Total Debt | 23.22 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 1.85 X | ||||
| Book Value Per Share | 3.44 X | ||||
| Cash Flow From Operations | 143.53 M | ||||
| Short Ratio | 0.48 X | ||||
| Earnings Per Share | 0.84 X | ||||
| Target Price | 15.42 | ||||
| Beta | 0.87 | ||||
| Market Capitalization | 927.83 M | ||||
| Total Asset | 484.72 M | ||||
| Retained Earnings | 97.1 M | ||||
| Working Capital | 201.44 M | ||||
| Current Asset | 387.06 M | ||||
| Current Liabilities | 72.14 M | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 4.57 % | ||||
| Net Asset | 484.72 M | ||||
| Last Dividend Paid | 0.78 |
About Evertz Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Evertz Technologies Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evertz Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evertz Technologies Limited 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.
Pair Trading with Evertz Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Evertz Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Evertz Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Evertz Stock
| 0.57 | DFN | Dividend 15 Split | PairCorr |
| 0.54 | DGS | Dividend Growth Split | PairCorr |
| 0.44 | WINS | Winshear Gold Corp Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Evertz Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evertz Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evertz Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evertz Technologies Limited to buy it.
The correlation of Evertz Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evertz Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evertz Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Evertz Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Evertz Stock
Evertz Technologies financial ratios help investors to determine whether Evertz Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Evertz with respect to the benefits of owning Evertz Technologies security.