National Fuel Gas Stock Z Score

NFG Stock

USD 63.51 1.84 2.98%

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 National Fuel Piotroski F Score and National Fuel Valuation analysis.

At this time, National Fuel's Change In Working Capital is most likely to increase significantly in the upcoming years. The National Fuel's current Capital Expenditure Coverage Ratio is estimated to increase to 1.33, while Capital Surpluse is projected to decrease to roughly 908.4 M. At this time, National Fuel's Operating Income is most likely to increase significantly in the upcoming years. The National Fuel's current EBITDA is estimated to increase to about 737.9 M, while EBIT is forecasted to increase to (33.8 M).

National Fuel Gas Company Z Score Analysis

National Fuel'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 )

National Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Property Plant Equipment	Intangible Assets	Good Will	Short Term Investments	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.86	-0.62	0.9	0.82	0.79	0.44	0.97	0.33	0.19	0.91	0.77	0.57	-0.75	0.02	-0.17	-0.1	0.44	0.72	0.72	-0.32	-0.38	-0.41	-0.23	0.55	-0.53	0.42
Total Stockholder Equity	0.86		-0.45	0.64	0.94	0.56	0.14	0.71	0.03	0.17	0.72	0.53	0.62	-0.64	-0.08	-0.29	0.06	0.24	0.49	0.56	-0.28	-0.38	-0.29	-0.26	0.62	-0.26	0.43
Current Deferred Revenue	-0.62	-0.45		-0.51	-0.33	-0.47	-0.05	-0.64	-0.3	0.18	-0.86	-0.52	-0.13	0.86	0.02	0.33	-0.41	-0.27	-0.5	-0.17	-0.06	-0.17	0.18	-0.03	0.05	-0.03	0.01
Net Debt	0.9	0.64	-0.51		0.58	0.78	0.51	0.94	0.28	0.13	0.82	0.92	0.38	-0.62	-0.01	-0.06	-0.2	0.68	0.89	0.87	-0.41	-0.44	-0.59	-0.34	0.6	-0.67	0.5
Retained Earnings	0.82	0.94	-0.33	0.58		0.56	0.36	0.69	0.1	0.27	0.64	0.36	0.7	-0.56	-0.05	-0.18	-0.15	0.15	0.32	0.51	-0.34	-0.49	-0.24	-0.33	0.56	-0.42	0.39
Accounts Payable	0.79	0.56	-0.47	0.78	0.56		0.51	0.82	0.48	0.28	0.71	0.71	0.53	-0.61	-0.11	-0.18	-0.21	0.46	0.71	0.65	-0.23	-0.3	-0.44	-0.2	0.41	-0.6	0.39
Net Receivables	0.44	0.14	-0.05	0.51	0.36	0.51		0.54	0.51	0.37	0.36	0.25	0.25	-0.2	0.06	0.27	-0.5	0.37	0.25	0.46	-0.38	-0.48	-0.29	-0.3	0.16	-0.87	0.17
Total Liab	0.97	0.71	-0.64	0.94	0.69	0.82	0.54		0.44	0.18	0.91	0.81	0.49	-0.73	0.06	-0.1	-0.16	0.49	0.76	0.72	-0.31	-0.34	-0.43	-0.2	0.46	-0.6	0.37
Total Current Assets	0.33	0.03	-0.3	0.28	0.1	0.48	0.51	0.44		0.33	0.42	0.24	0.28	-0.36	0.06	-0.01	-0.18	0.3	0.23	0.15	-0.15	-0.06	-0.26	0.56	-0.11	-0.36	-0.07
Short Term Debt	0.19	0.17	0.18	0.13	0.27	0.28	0.37	0.18	0.33		0.1	-0.04	0.44	-0.29	-0.64	-0.53	-0.65	0.3	0.06	0.41	-0.41	-0.63	-0.17	-0.05	0.56	-0.53	0.66
Common Stock	0.91	0.72	-0.86	0.82	0.64	0.71	0.36	0.91	0.42	0.1		0.72	0.39	-0.91	-0.03	-0.27	0.08	0.49	0.69	0.55	-0.24	-0.23	-0.4	-0.1	0.32	-0.37	0.27
Long Term Debt	0.77	0.53	-0.52	0.92	0.36	0.71	0.25	0.81	0.24	-0.04	0.72		0.27	-0.55	-0.04	-0.14	-0.02	0.72	0.98	0.82	-0.37	-0.28	-0.62	-0.17	0.55	-0.45	0.48
Property Plant Equipment	0.57	0.62	-0.13	0.38	0.7	0.53	0.25	0.49	0.28	0.44	0.39	0.27		-0.38	-0.13	-0.29	-0.47	0.18	0.25	0.39	-0.35	-0.41	-0.1	-0.09	0.51	-0.39	0.38
Intangible Assets	-0.75	-0.64	0.86	-0.62	-0.56	-0.61	-0.2	-0.73	-0.36	-0.29	-0.91	-0.55	-0.38		0.4	0.61	-0.08	-0.47	-0.59	-0.46	0.26	0.27	0.35	0.08	-0.35	0.26	-0.41
Good Will	0.02	-0.08	0.02	-0.01	-0.05	-0.11	0.06	0.06	0.06	-0.64	-0.03	-0.04	-0.13	0.4		0.81	0.31	-0.4	-0.22	-0.34	0.4	0.53	0.28	0.21	-0.53	0.22	-0.75
Short Term Investments	-0.17	-0.29	0.33	-0.06	-0.18	-0.18	0.27	-0.1	-0.01	-0.53	-0.27	-0.14	-0.29	0.61	0.81		0.04	-0.23	-0.25	-0.24	0.2	0.25	0.1	-0.03	-0.45	-0.07	-0.65
Net Tangible Assets	-0.1	0.06	-0.41	-0.2	-0.15	-0.21	-0.5	-0.16	-0.18	-0.65	0.08	-0.02	-0.47	-0.08	0.31	0.04		-0.27	-0.08	-0.43	0.49	0.69	0.16	0.26	-0.45	0.72	-0.49
Total Permanent Equity	0.44	0.24	-0.27	0.68	0.15	0.46	0.37	0.49	0.3	0.3	0.49	0.72	0.18	-0.47	-0.4	-0.23	-0.27		0.79	0.79	-0.57	-0.62	-0.86	-0.13	0.57	-0.59	0.59
Long Term Debt Total	0.72	0.49	-0.5	0.89	0.32	0.71	0.25	0.76	0.23	0.06	0.69	0.98	0.25	-0.59	-0.22	-0.25	-0.08	0.79		0.85	-0.44	-0.37	-0.68	-0.21	0.6	-0.5	0.58
Capital Surpluse	0.72	0.56	-0.17	0.87	0.51	0.65	0.46	0.72	0.15	0.41	0.55	0.82	0.39	-0.46	-0.34	-0.24	-0.43	0.79	0.85		-0.63	-0.73	-0.71	-0.39	0.86	-0.76	0.81
Deferred Long Term Liab	-0.32	-0.28	-0.06	-0.41	-0.34	-0.23	-0.38	-0.31	-0.15	-0.41	-0.24	-0.37	-0.35	0.26	0.4	0.2	0.49	-0.57	-0.44	-0.63		0.74	0.52	0.32	-0.59	0.62	-0.59
Long Term Investments	-0.38	-0.38	-0.17	-0.44	-0.49	-0.3	-0.48	-0.34	-0.06	-0.63	-0.23	-0.28	-0.41	0.27	0.53	0.25	0.69	-0.62	-0.37	-0.73	0.74		0.63	0.38	-0.76	0.75	-0.75
Short Long Term Debt	-0.41	-0.29	0.18	-0.59	-0.24	-0.44	-0.29	-0.43	-0.26	-0.17	-0.4	-0.62	-0.1	0.35	0.28	0.1	0.16	-0.86	-0.68	-0.71	0.52	0.63		0.06	-0.5	0.52	-0.49
Cash And Equivalents	-0.23	-0.26	-0.03	-0.34	-0.33	-0.2	-0.3	-0.2	0.56	-0.05	-0.1	-0.17	-0.09	0.08	0.21	-0.03	0.26	-0.13	-0.21	-0.39	0.32	0.38	0.06		-0.4	0.46	-0.39
Net Invested Capital	0.55	0.62	0.05	0.6	0.56	0.41	0.16	0.46	-0.11	0.56	0.32	0.55	0.51	-0.35	-0.53	-0.45	-0.45	0.57	0.6	0.86	-0.59	-0.76	-0.5	-0.4		-0.54	0.92
Net Working Capital	-0.53	-0.26	-0.03	-0.67	-0.42	-0.6	-0.87	-0.6	-0.36	-0.53	-0.37	-0.45	-0.39	0.26	0.22	-0.07	0.72	-0.59	-0.5	-0.76	0.62	0.75	0.52	0.46	-0.54		-0.55
Capital Stock	0.42	0.43	0.01	0.5	0.39	0.39	0.17	0.37	-0.07	0.66	0.27	0.48	0.38	-0.41	-0.75	-0.65	-0.49	0.59	0.58	0.81	-0.59	-0.75	-0.49	-0.39	0.92	-0.55

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 National Fuel

Based on the company's disclosures, National Fuel Gas has a Z Score of 0.0. This is 100.0% lower than that of the Gas Utilities sector and 100.0% lower than that of the Utilities industry. The z score for all United States stocks is 100.0% higher than that of the company.

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

Environmental

Governance

Social

National Fuel Institutional Holders

Institutional Holdings refers to the ownership stake in National Fuel that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of National Fuel'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 National Fuel's value.

		Shares
Gamco Investors, Inc. Et Al	2024-06-30	1.4 M
Bank Of New York Mellon Corp	2024-06-30	1.3 M
Equity Investment Corp	2024-09-30	1.2 M
Thompson, Siegel & Walmsley Llc	2024-09-30	1.1 M
Norges Bank	2024-06-30	962.1 K
Dimensional Fund Advisors, Inc.	2024-09-30	945.8 K
Charles Schwab Investment Management Inc	2024-09-30	920.9 K
Aqr Capital Management Llc	2024-06-30	880.4 K
Amvescap Plc.	2024-06-30	772 K
Vanguard Group Inc	2024-09-30	13.1 M
Blackrock Inc	2024-06-30	8.4 M

National Fundamentals

	Return On Equity	0.0267
	Return On Asset	0.0549
	Profit Margin	0.04 %
	Operating Margin	0.33 %
	Current Valuation	8.38 B
	Shares Outstanding	91.01 M
	Shares Owned By Insiders	1.24 %
	Shares Owned By Institutions	76.64 %
	Number Of Shares Shorted	2.95 M
	Price To Earning	11.98 X
	Price To Book	1.98 X
	Price To Sales	2.89 X
	Revenue	1.94 B
	Gross Profit	1.26 B
	EBITDA	421.48 M
	Net Income	77.51 M
	Cash And Equivalents	55.45 M
	Cash Per Share	4.73 X
	Total Debt	2.78 B
	Debt To Equity	1.52 %
	Current Ratio	0.53 X
	Book Value Per Share	31.30 X
	Cash Flow From Operations	1.07 B
	Short Ratio	6.91 X
	Earnings Per Share	0.84 X
	Price To Earnings To Growth	2.05 X
	Target Price	68.0
	Beta	0.64
	Market Capitalization	5.61 B
	Total Asset	8.32 B
	Retained Earnings	1.73 B
	Working Capital	(391.88 M)
	Current Asset	306.07 M
	Current Liabilities	303.74 M
	Annual Yield	0.03 %
	Five Year Return	3.40 %
	Net Asset	8.32 B
	Last Dividend Paid	2.02

About National Fuel Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze National Fuel Gas's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of National Fuel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of National Fuel Gas 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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When determining whether National Fuel Gas is a strong investment it is important to analyze National Fuel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact National Fuel's future performance. For an informed investment choice regarding National Stock, refer to the following important reports:

How To Invest In National

Details

Is National Stock a good investment?

Details

What is National Fuel's Net Worth?

Details

Largest Gas Utilities Companies

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Largest Oil & Gas Integrated Companies

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Check out National Fuel Piotroski F Score and National Fuel Valuation analysis.

You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Is Gas Utilities 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 National Fuel. If investors know National 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 National Fuel 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

0.176

Dividend Share

2.02

Earnings Share

0.84

Revenue Per Share

21.187

Quarterly Revenue Growth

0.008

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

National Fuel Gas 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 )

National Z Score Driver Correlations

National Fuel ESG Sustainability

National Fuel Institutional Holders

National Fundamentals

About National Fuel Fundamental Analysis

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