Nine Energy Service Stock Z Score
| NINE Stock | USD 1.50 0.05 3.45% |
Nine | Z Score |
Nine Energy Service Company Z Score Analysis
Nine Energy'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..
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Nine Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Nine Energy is extremely important. It helps to project a fair market value of Nine Stock properly, considering its historical fundamentals such as Z Score. Since Nine Energy'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 Nine Energy'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 Nine Energy's interrelated accounts and indicators.
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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.
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Based on the company's disclosures, Nine Energy Service has a Z Score of 0.0. This is 100.0% lower than that of the Energy Equipment & Services sector and 100.0% lower than that of the Energy industry. The z score for all United States stocks is 100.0% higher than that of the company.
Nine Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Nine Energy from analyzing Nine Energy's financial statements. These drivers represent accounts that assess Nine Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Nine Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 550.2M | 229.2M | 80.9M | 449.4M | 89.2M | 84.7M | |
| Enterprise Value | 914.6M | 531.5M | 396.3M | 809.8M | 424.7M | 756.1M |
Nine Energy Institutional Holders
Institutional Holdings refers to the ownership stake in Nine Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nine Energy'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 Nine Energy's value.| Shares | Franklin Resources Inc | 2024-09-30 | 198.1 K | Geode Capital Management, Llc | 2024-09-30 | 188.9 K | Amvescap Plc. | 2024-06-30 | 142.6 K | Lord, Abbett & Co Llc | 2024-09-30 | 135.6 K | Bridgeway Capital Management, Llc | 2024-09-30 | 132.7 K | Bank Of America Corp | 2024-06-30 | 130.7 K | Simplex Trading, Llc | 2024-06-30 | 124.7 K | Mackay Shields Llc | 2024-09-30 | 120.2 K | Bank Of New York Mellon Corp | 2024-06-30 | 103.6 K | Simmons L E & Associates Inc | 2024-09-30 | 9.1 M | Gendell Jeffrey L | 2024-09-30 | 3.4 M |
Nine Fundamentals
| Return On Equity | -5.83 | ||||
| Return On Asset | 0.0141 | ||||
| Profit Margin | (0.08) % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 401.9 M | ||||
| Shares Outstanding | 42.36 M | ||||
| Shares Owned By Insiders | 28.65 % | ||||
| Shares Owned By Institutions | 46.71 % | ||||
| Number Of Shares Shorted | 3.08 M | ||||
| Price To Earning | 15.87 X | ||||
| Price To Book | 5.01 X | ||||
| Price To Sales | 0.11 X | ||||
| Revenue | 609.53 M | ||||
| Gross Profit | 136.29 M | ||||
| EBITDA | 72.67 M | ||||
| Net Income | (32.21 M) | ||||
| Cash And Equivalents | 22.41 M | ||||
| Cash Per Share | 0.67 X | ||||
| Total Debt | 366.32 M | ||||
| Current Ratio | 1.85 X | ||||
| Book Value Per Share | (1.36) X | ||||
| Cash Flow From Operations | 45.51 M | ||||
| Short Ratio | 4.22 X | ||||
| Earnings Per Share | (1.20) X | ||||
| Price To Earnings To Growth | (2.42) X | ||||
| Target Price | 1.0 | ||||
| Number Of Employees | 1.16 K | ||||
| Beta | 3.32 | ||||
| Market Capitalization | 61.43 M | ||||
| Total Asset | 401.98 M | ||||
| Retained Earnings | (826.23 M) | ||||
| Working Capital | 100.88 M | ||||
| Current Asset | 96.02 M | ||||
| Current Liabilities | 12.21 M | ||||
| Net Asset | 401.98 M |
About Nine Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nine Energy Service's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nine Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nine Energy Service 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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nine Energy Service is a strong investment it is important to analyze Nine Energy'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 Nine Energy's future performance. For an informed investment choice regarding Nine Stock, refer to the following important reports:Check out Nine Energy Piotroski F Score and Nine Energy Valuation analysis. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Oil & Gas Equipment & 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 Nine Energy. If investors know Nine 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 Nine Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.20) | Revenue Per Share 15.637 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0141 | Return On Equity (5.83) |
The market value of Nine Energy Service is measured differently than its book value, which is the value of Nine that is recorded on the company's balance sheet. Investors also form their own opinion of Nine Energy's value that differs from its market value or its book value, called intrinsic value, which is Nine Energy'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 Nine Energy's market value can be influenced by many factors that don't directly affect Nine Energy'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 Nine Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nine Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nine Energy'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.