| PLS Stock | | | 2.39 0.04 1.65% |
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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pilbara Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Pilbara Minerals'
Net Invested Capital is comparatively stable compared to the past year.
Net Working Capital is likely to gain to about 1.6
B in 2024, whereas
Change In Working Capital is likely to drop (16.6
M) in 2024. At this time, Pilbara Minerals'
Net Income Applicable To Common Shares is comparatively stable compared to the past year.
Depreciation And Amortization is likely to gain to about 159.4
M in 2024, whereas
EBITDA is likely to drop slightly above 305.4
M in 2024.
Pilbara Minerals Company Z Score Analysis
Pilbara Minerals' 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, Pilbara Minerals has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and about the same as
Materials (which currently averages 0.0) industry. The z score for all Australia stocks is 100.0% higher than that of the company.
| | Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Pilbara Fundamentals
About Pilbara Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Pilbara Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pilbara Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Pilbara Minerals 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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Additional Tools for Pilbara Stock Analysis
When running Pilbara Minerals' price analysis, check to
measure Pilbara Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pilbara Minerals is operating at the current time. Most of Pilbara Minerals' value examination focuses on studying past and present price action to
predict the probability of Pilbara Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pilbara Minerals' price. Additionally, you may evaluate how the addition of Pilbara Minerals to your portfolios can decrease your overall portfolio volatility.