Reliance Steel Aluminum Stock Z Score

RS Stock

USD 316.66 3.13 1.00%

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 Reliance Steel Piotroski F Score and Reliance Steel Valuation analysis.

At this time, Reliance Steel's Additional Paid In Capital is comparatively stable compared to the past year. Capital Lease Obligations is likely to gain to about 237.8 M in 2024, whereas Net Working Capital is likely to drop slightly above 3.2 B in 2024. At this time, Reliance Steel's Cost Of Revenue is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 1.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 B in 2024.

Reliance Steel Aluminum Company Z Score Analysis

Reliance Steel'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 )

Reliance Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt	Good Will	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Deferred Long Term Liab	Long Term Investments	Accumulated Depreciation	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.96	0.1	0.93	0.76	0.95	0.66	0.97	0.34	0.65	-0.34	0.41	0.84	0.84	0.87	0.72	0.4	0.11	-0.79	-0.81	0.01	0.63	0.66	0.64	-0.64
Total Stockholder Equity	0.96		-0.17	0.99	0.68	0.93	0.45	0.98	0.33	0.43	-0.51	0.17	0.72	0.77	0.77	0.88	0.2	-0.1	-0.73	-0.85	-0.03	0.79	0.81	0.78	-0.77
Net Debt	0.1	-0.17		-0.24	0.28	0.08	0.76	-0.09	-0.04	0.76	0.57	0.87	0.44	0.24	0.32	-0.6	0.74	0.69	-0.24	0.13	0.06	-0.67	-0.58	-0.56	0.53
Retained Earnings	0.93	0.99	-0.24		0.63	0.9	0.37	0.96	0.33	0.33	-0.63	0.1	0.68	0.75	0.69	0.92	0.13	-0.2	-0.74	-0.9	-0.04	0.83	0.84	0.81	-0.82
Accounts Payable	0.76	0.68	0.28	0.63		0.83	0.75	0.74	0.27	0.7	-0.13	0.42	0.84	0.85	0.72	0.41	0.27	0.09	-0.53	-0.57	0.05	0.27	0.5	0.53	-0.41
Net Receivables	0.95	0.93	0.08	0.9	0.83		0.63	0.97	0.34	0.59	-0.37	0.36	0.78	0.8	0.79	0.72	0.34	0.04	-0.71	-0.78	0.02	0.58	0.72	0.7	-0.64
Total Liab	0.66	0.45	0.76	0.37	0.75	0.63		0.52	0.29	0.97	0.22	0.83	0.88	0.78	0.74	-0.01	0.68	0.61	-0.61	-0.38	0.16	-0.08	0.04	0.05	-0.06
Total Current Assets	0.97	0.98	-0.09	0.96	0.74	0.97	0.52		0.36	0.49	-0.45	0.25	0.74	0.79	0.78	0.83	0.26	-0.03	-0.72	-0.82	0.03	0.75	0.8	0.78	-0.74
Short Term Debt	0.34	0.33	-0.04	0.33	0.27	0.34	0.29	0.36		0.23	-0.2	-0.15	0.37	0.4	0.18	0.26	-0.27	0.18	-0.38	-0.35	0.91	0.31	0.39	0.33	-0.28
Intangible Assets	0.65	0.43	0.76	0.33	0.7	0.59	0.97	0.49	0.23		0.36	0.82	0.83	0.72	0.8	-0.04	0.67	0.64	-0.55	-0.28	0.13	-0.1	-0.02	-0.01	0.04
Common Stock	-0.34	-0.51	0.57	-0.63	-0.13	-0.37	0.22	-0.45	-0.2	0.36		0.38	-0.18	-0.28	0.04	-0.75	0.3	0.65	0.4	0.76	0.09	-0.65	-0.68	-0.66	0.77
Long Term Debt	0.41	0.17	0.87	0.1	0.42	0.36	0.83	0.25	-0.15	0.82	0.38		0.59	0.42	0.54	-0.26	0.95	0.62	-0.46	-0.14	-0.17	-0.31	-0.3	-0.28	0.22
Good Will	0.84	0.72	0.44	0.68	0.84	0.78	0.88	0.74	0.37	0.83	-0.18	0.59		0.96	0.78	0.37	0.45	0.29	-0.79	-0.72	0.1	0.26	0.37	0.38	-0.4
Property Plant Equipment	0.84	0.77	0.24	0.75	0.85	0.8	0.78	0.79	0.4	0.72	-0.28	0.42	0.96		0.72	0.51	0.3	0.22	-0.74	-0.73	0.11	0.42	0.56	0.59	-0.51
Current Deferred Revenue	0.87	0.77	0.32	0.69	0.72	0.79	0.74	0.78	0.18	0.8	0.04	0.54	0.78	0.72		0.41	0.47	0.25	-0.6	-0.5	-0.03	0.36	0.33	0.32	-0.32
Net Tangible Assets	0.72	0.88	-0.6	0.92	0.41	0.72	-0.01	0.83	0.26	-0.04	-0.75	-0.26	0.37	0.51	0.41		-0.16	-0.44	-0.5	-0.79	-0.08	0.94	0.94	0.9	-0.88
Long Term Debt Total	0.4	0.2	0.74	0.13	0.27	0.34	0.68	0.26	-0.27	0.67	0.3	0.95	0.45	0.3	0.47	-0.16		0.55	-0.46	-0.16	-0.3	-0.2	-0.24	-0.22	0.17
Deferred Long Term Liab	0.11	-0.1	0.69	-0.2	0.09	0.04	0.61	-0.03	0.18	0.64	0.65	0.62	0.29	0.22	0.25	-0.44	0.55		-0.14	0.25	0.28	-0.35	-0.33	-0.32	0.35
Long Term Investments	-0.79	-0.73	-0.24	-0.74	-0.53	-0.71	-0.61	-0.72	-0.38	-0.55	0.4	-0.46	-0.79	-0.74	-0.6	-0.5	-0.46	-0.14		0.82	-0.08	-0.4	-0.42	-0.4	0.45
Accumulated Depreciation	-0.81	-0.85	0.13	-0.9	-0.57	-0.78	-0.38	-0.82	-0.35	-0.28	0.76	-0.14	-0.72	-0.73	-0.5	-0.79	-0.16	0.25	0.82		0.03	-0.65	-0.69	-0.66	0.79
Short Long Term Debt	0.01	-0.03	0.06	-0.04	0.05	0.02	0.16	0.03	0.91	0.13	0.09	-0.17	0.1	0.11	-0.03	-0.08	-0.3	0.28	-0.08	0.03		0.02	0.1	0.04	0.08
Cash And Equivalents	0.63	0.79	-0.67	0.83	0.27	0.58	-0.08	0.75	0.31	-0.1	-0.65	-0.31	0.26	0.42	0.36	0.94	-0.2	-0.35	-0.4	-0.65	0.02		0.9	0.88	-0.85
Net Invested Capital	0.66	0.81	-0.58	0.84	0.5	0.72	0.04	0.8	0.39	-0.02	-0.68	-0.3	0.37	0.56	0.33	0.94	-0.24	-0.33	-0.42	-0.69	0.1	0.9		0.99	-0.84
Net Working Capital	0.64	0.78	-0.56	0.81	0.53	0.7	0.05	0.78	0.33	-0.01	-0.66	-0.28	0.38	0.59	0.32	0.9	-0.22	-0.32	-0.4	-0.66	0.04	0.88	0.99		-0.83
Capital Stock	-0.64	-0.77	0.53	-0.82	-0.41	-0.64	-0.06	-0.74	-0.28	0.04	0.77	0.22	-0.4	-0.51	-0.32	-0.88	0.17	0.35	0.45	0.79	0.08	-0.85	-0.84	-0.83

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 Reliance Steel

Based on the company's disclosures, Reliance Steel Aluminum has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Reliance Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Reliance Steel's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Reliance Steel could also be used in its relative valuation, which is a method of valuing Reliance Steel by comparing valuation metrics of similar companies.

Reliance Steel is currently under evaluation in z score category among its peers.

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

Environmental

Governance

Social

Reliance Steel Institutional Holders

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

		Shares
Royal London Asset Management Ltd	2024-06-30	879.3 K
Norges Bank	2024-06-30	717.8 K
Bank Of New York Mellon Corp	2024-06-30	531.1 K
T. Rowe Price Investment Management,inc.	2024-09-30	512.5 K
Principal Financial Group Inc	2024-09-30	472.7 K
Northern Trust Corp	2024-09-30	450.3 K
Lord, Abbett & Co Llc	2024-06-30	434.7 K
Ubs Asset Mgmt Americas Inc	2024-09-30	429.1 K
Fmr Inc	2024-09-30	405.9 K
Vanguard Group Inc	2024-09-30	6.5 M
Blackrock Inc	2024-06-30	6.4 M

Reliance Fundamentals

	Return On Equity	0.14
	Return On Asset	0.0811
	Profit Margin	0.07 %
	Operating Margin	0.08 %
	Current Valuation	17.95 B
	Shares Outstanding	54.12 M
	Shares Owned By Insiders	0.55 %
	Shares Owned By Institutions	83.00 %
	Number Of Shares Shorted	1.18 M
	Price To Earning	6.91 X
	Price To Book	2.28 X
	Price To Sales	1.21 X
	Revenue	14.81 B
	Gross Profit	5.26 B
	EBITDA	1.98 B
	Net Income	1.34 B
	Cash And Equivalents	1.17 B
	Cash Per Share	10.97 X
	Total Debt	1.38 B
	Debt To Equity	0.27 %
	Current Ratio	3.25 X
	Book Value Per Share	135.82 X
	Cash Flow From Operations	1.67 B
	Short Ratio	4.29 X
	Earnings Per Share	18.26 X
	Price To Earnings To Growth	1.20 X
	Target Price	320.97
	Number Of Employees	15 K
	Beta	0.84
	Market Capitalization	16.97 B
	Total Asset	10.48 B
	Retained Earnings	7.8 B
	Working Capital	3.93 B
	Current Asset	2.55 B
	Current Liabilities	989.7 M
	Annual Yield	0.01 %
	Five Year Return	2.05 %
	Net Asset	10.48 B
	Last Dividend Paid	4.3

About Reliance Steel Fundamental Analysis

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Reliance Stock Analysis

When running Reliance Steel's price analysis, check to measure Reliance Steel's 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 Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.

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

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Reliance Steel Aluminum Stock Z Score

Reliance Steel Aluminum 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 )

Reliance Z Score Driver Correlations

Reliance Z Score Peer Comparison

Reliance Steel ESG Sustainability

Reliance Steel Institutional Holders

Reliance Fundamentals

About Reliance Steel Fundamental Analysis

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Reliance Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY