| MODIRUBBER | | | 128.99 2.93 2.32% |
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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modi Rubber Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At present, Modi Rubber's
Change In Working Capital is projected to increase significantly based on the last few years of reporting. The current year's
Capital Expenditures is expected to grow to about 56.7
M, whereas
Net Invested Capital is forecasted to decline to about 5.7
B. At present, Modi Rubber's
Depreciation And Amortization is projected to decrease significantly based on the last few years of reporting. The current year's
EBIT is expected to grow to about 293.7
M, whereas
Interest Expense is forecasted to decline to about 19
M.
Modi Rubber Limited Company Z Score Analysis
Modi Rubber'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..
| 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 ) |
|
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.
Based on the company's disclosures, Modi Rubber Limited has a Z Score of 0.0. This is 100.0% lower than that of the Real Estate Management & Development sector and 100.0% lower than that of the
Real Estate industry. The z score for all India stocks is 100.0% higher than that of the company.
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Modi Fundamentals
About Modi Rubber Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Modi Rubber Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Modi Rubber using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Modi Rubber 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.
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Modi Rubber financial ratios help investors to determine whether Modi 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 Modi with respect to the benefits of owning Modi Rubber security.