First Horizon National Stock Z Score

FHN Stock

USD 20.17 0.30 1.51%

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 First Horizon Piotroski F Score and First Horizon Valuation analysis.

At this time, First Horizon's Additional Paid In Capital is very stable compared to the past year. As of the 22nd of November 2024, Net Invested Capital is likely to grow to about 10.3 B, while Capital Surpluse is likely to drop about 3 B. At this time, First Horizon's Total Revenue is very stable compared to the past year. As of the 22nd of November 2024, Gross Profit is likely to grow to about 1.7 B, while Operating Income is likely to drop about 717.4 M.

First Horizon National Company Z Score Analysis

First Horizon'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..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

First Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for First Horizon is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Z Score. Since First Horizon'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 First Horizon'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 First Horizon's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Total Liab	Total Current Assets	Short Term Debt	Net Receivables	Common Stock	Accounts Payable	Long Term Debt	Good Will	Short Term Investments	Intangible Assets	Property Plant Equipment	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Earning Assets	Current Deferred Revenue	Net Invested Capital	Capital Stock
Total Assets		0.99	-0.42	0.93	1.0	-0.26	0.84	0.94	0.88	0.92	-0.19	0.85	0.95	-0.02	0.86	0.91	-0.62	0.89	-0.4	0.37	0.93	0.86	0.82	0.86
Total Stockholder Equity	0.99		-0.3	0.96	0.99	-0.35	0.86	0.93	0.85	0.9	-0.22	0.88	0.95	-0.04	0.84	0.88	-0.64	0.89	-0.33	0.34	0.94	0.87	0.76	0.85
Net Debt	-0.42	-0.3		-0.16	-0.43	-0.26	-0.12	-0.36	-0.45	-0.43	0.14	-0.25	-0.32	-0.28	-0.43	-0.48	0.17	-0.4	0.35	-0.29	-0.28	-0.33	-0.47	-0.27
Retained Earnings	0.93	0.96	-0.16		0.92	-0.5	0.8	0.93	0.74	0.88	-0.3	0.8	0.91	-0.05	0.7	0.82	-0.6	0.81	-0.35	0.17	0.97	0.86	0.71	0.85
Total Liab	1.0	0.99	-0.43	0.92		-0.25	0.83	0.94	0.88	0.92	-0.19	0.85	0.95	-0.02	0.86	0.91	-0.62	0.89	-0.41	0.38	0.92	0.85	0.82	0.86
Total Current Assets	-0.26	-0.35	-0.26	-0.5	-0.25		-0.22	-0.39	-0.13	-0.37	0.62	-0.33	-0.23	-0.38	-0.12	-0.31	0.02	-0.31	0.04	0.18	-0.43	-0.6	-0.12	-0.41
Short Term Debt	0.84	0.86	-0.12	0.8	0.83	-0.22		0.75	0.72	0.71	-0.28	0.87	0.81	0.05	0.79	0.75	-0.56	0.81	-0.12	0.61	0.77	0.68	0.68	0.7
Net Receivables	0.94	0.93	-0.36	0.93	0.94	-0.39	0.75		0.79	0.99	-0.26	0.7	0.88	0.15	0.74	0.89	-0.39	0.83	-0.62	0.21	0.97	0.8	0.88	0.91
Common Stock	0.88	0.85	-0.45	0.74	0.88	-0.13	0.72	0.79		0.78	-0.16	0.76	0.85	-0.01	0.94	0.96	-0.53	0.95	-0.39	0.51	0.75	0.74	0.75	0.82
Accounts Payable	0.92	0.9	-0.43	0.88	0.92	-0.37	0.71	0.99	0.78		-0.28	0.66	0.82	0.24	0.72	0.88	-0.31	0.82	-0.66	0.23	0.95	0.77	0.9	0.89
Long Term Debt	-0.19	-0.22	0.14	-0.3	-0.19	0.62	-0.28	-0.26	-0.16	-0.28		-0.36	-0.15	-0.65	-0.22	-0.36	0.09	-0.39	-0.06	-0.07	-0.32	-0.39	-0.13	-0.25
Good Will	0.85	0.88	-0.25	0.8	0.85	-0.33	0.87	0.7	0.76	0.66	-0.36		0.82	0.04	0.86	0.77	-0.71	0.87	0.08	0.53	0.73	0.83	0.49	0.65
Short Term Investments	0.95	0.95	-0.32	0.91	0.95	-0.23	0.81	0.88	0.85	0.82	-0.15	0.82		-0.15	0.81	0.85	-0.69	0.85	-0.36	0.37	0.89	0.79	0.77	0.87
Intangible Assets	-0.02	-0.04	-0.28	-0.05	-0.02	-0.38	0.05	0.15	-0.01	0.24	-0.65	0.04	-0.15		0.08	0.18	0.54	0.18	-0.22	0.19	0.1	0.08	0.2	0.14
Property Plant Equipment	0.86	0.84	-0.43	0.7	0.86	-0.12	0.79	0.74	0.94	0.72	-0.22	0.86	0.81	0.08		0.91	-0.54	0.96	-0.22	0.58	0.7	0.73	0.64	0.7
Net Tangible Assets	0.91	0.88	-0.48	0.82	0.91	-0.31	0.75	0.89	0.96	0.88	-0.36	0.77	0.85	0.18	0.91		-0.45	0.97	-0.48	0.43	0.85	0.82	0.81	0.87
Long Term Debt Total	-0.62	-0.64	0.17	-0.6	-0.62	0.02	-0.56	-0.39	-0.53	-0.31	0.09	-0.71	-0.69	0.54	-0.54	-0.45		-0.51	-0.26	-0.21	-0.45	-0.61	-0.22	-0.34
Capital Surpluse	0.89	0.89	-0.4	0.81	0.89	-0.31	0.81	0.83	0.95	0.82	-0.39	0.87	0.85	0.18	0.96	0.97	-0.51		-0.3	0.51	0.81	0.81	0.71	0.82
Long Term Investments	-0.4	-0.33	0.35	-0.35	-0.41	0.04	-0.12	-0.62	-0.39	-0.66	-0.06	0.08	-0.36	-0.22	-0.22	-0.48	-0.26	-0.3		0.1	-0.53	-0.15	-0.75	-0.6
Short Long Term Debt	0.37	0.34	-0.29	0.17	0.38	0.18	0.61	0.21	0.51	0.23	-0.07	0.53	0.37	0.19	0.58	0.43	-0.21	0.51	0.1		0.17	0.28	0.42	0.37
Earning Assets	0.93	0.94	-0.28	0.97	0.92	-0.43	0.77	0.97	0.75	0.95	-0.32	0.73	0.89	0.1	0.7	0.85	-0.45	0.81	-0.53	0.17		0.79	0.81	0.89
Current Deferred Revenue	0.86	0.87	-0.33	0.86	0.85	-0.6	0.68	0.8	0.74	0.77	-0.39	0.83	0.79	0.08	0.73	0.82	-0.61	0.81	-0.15	0.28	0.79		0.59	0.74
Net Invested Capital	0.82	0.76	-0.47	0.71	0.82	-0.12	0.68	0.88	0.75	0.9	-0.13	0.49	0.77	0.2	0.64	0.81	-0.22	0.71	-0.75	0.42	0.81	0.59		0.88
Capital Stock	0.86	0.85	-0.27	0.85	0.86	-0.41	0.7	0.91	0.82	0.89	-0.25	0.65	0.87	0.14	0.7	0.87	-0.34	0.82	-0.6	0.37	0.89	0.74	0.88

Click cells to compare fundamentals

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.

Competition

Predict First Horizon

According to the company's disclosures, First Horizon National has a Z Score of 0.0. This is 100.0% lower than that of the Banks sector and about the same as Financials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

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

Environmental

Governance

Social

First Horizon Institutional Holders

Institutional Holdings refers to the ownership stake in First Horizon that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of First Horizon's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Horizon's value.

		Shares
Azora Capital Lp	2024-06-30	7.2 M
Norges Bank	2024-06-30	6.6 M
Alyeska Investment Group, L.p.	2024-06-30	6.4 M
Fmr Inc	2024-09-30	5.6 M
D. E. Shaw & Co Lp	2024-06-30	5.4 M
Aqr Capital Management Llc	2024-06-30	5 M
Wellington Management Company Llp	2024-06-30	4.9 M
Amvescap Plc.	2024-06-30	4.7 M
Scout Investment Advisors Inc	2024-06-30	4.4 M
Blackrock Inc	2024-06-30	61.9 M
Vanguard Group Inc	2024-09-30	55.1 M

First Fundamentals

	Return On Equity	0.0898
	Return On Asset	0.0098
	Profit Margin	0.26 %
	Operating Margin	0.38 %
	Current Valuation	10.25 B
	Shares Outstanding	530.14 M
	Shares Owned By Insiders	0.88 %
	Shares Owned By Institutions	82.56 %
	Number Of Shares Shorted	7.11 M
	Price To Earning	16.74 X
	Price To Book	1.23 X
	Price To Sales	3.48 X
	Revenue	1.39 B
	Gross Profit	3.11 B
	EBITDA	1.21 B
	Net Income	897 M
	Cash And Equivalents	6.86 B
	Cash Per Share	12.78 X
	Total Debt	4.04 B
	Debt To Equity	10.05 %
	Book Value Per Share	16.15 X
	Cash Flow From Operations	1.3 B
	Short Ratio	1.10 X
	Earnings Per Share	1.37 X
	Price To Earnings To Growth	1.67 X
	Target Price	19.7
	Number Of Employees	7.2 K
	Beta	0.88
	Market Capitalization	10.69 B
	Total Asset	81.66 B
	Retained Earnings	3.96 B
	Annual Yield	0.03 %
	Five Year Return	3.50 %
	Net Asset	81.66 B
	Last Dividend Paid	0.6

About First Horizon Fundamental Analysis

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

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 First Horizon 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 First Horizon will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.93	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.95	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr

Moving against First Stock

0.58	TFC-PO	Truist Financial	Pair Corr
0.54	TFC-PR	Truist Financial	Pair Corr
0.54	CFG-PE	Citizens Financial	Pair Corr
0.46	WF	Woori Financial Group	Pair Corr

The ability to find closely correlated positions to First Horizon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Horizon 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 First Horizon - 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 First Horizon National to buy it.

The correlation of First Horizon 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 First Horizon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Horizon National 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 First Horizon 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.

Pair Correlation Correlation Matching

When determining whether First Horizon National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Horizon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Horizon National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Horizon National Stock:

How To Invest In First

Details

Is First Stock a good investment?

Details

What is First Horizon's Net Worth?

Details

Largest Banks - Regional Companies

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Largest Financial Services Companies

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Check out First Horizon Piotroski F Score and First Horizon Valuation analysis.

You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

Is Regional Banks 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 First Horizon. If investors know First 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 First Horizon 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

0.734

Dividend Share

0.6

Earnings Share

1.37

Revenue Per Share

5.604

Quarterly Revenue Growth

0.186

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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First Horizon National Stock Z Score

First Horizon National Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

First Z Score Driver Correlations

First Horizon ESG Sustainability

First Horizon Institutional Holders

First Fundamentals

About First Horizon Fundamental Analysis

Pair Trading with First Horizon

Moving together with First Stock

Moving against First Stock

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