Snipp Interactive Stock Probability Of Bankruptcy
| SPN Stock | CAD 0.07 0.01 7.14% |
Snipp | Probability Of Bankruptcy |
Snipp Interactive Company odds of financial turmoil Analysis
Snipp Interactive's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Snipp Interactive Probability Of Bankruptcy | Less than 20% |
Most of Snipp Interactive's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Snipp Interactive is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Snipp Interactive probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Snipp Interactive odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Snipp Interactive financial health.
Snipp Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Snipp Interactive is extremely important. It helps to project a fair market value of Snipp Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Snipp Interactive'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 Snipp Interactive'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 Snipp Interactive's interrelated accounts and indicators.
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The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
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Based on the latest financial disclosure, Snipp Interactive has a Probability Of Bankruptcy of 20.0%. This is 51.68% lower than that of the Media sector and 31.46% lower than that of the Communication Services industry. The probability of bankruptcy for all Canada stocks is 49.79% higher than that of the company.
Snipp Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Snipp Interactive's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Snipp Interactive could also be used in its relative valuation, which is a method of valuing Snipp Interactive by comparing valuation metrics of similar companies.Snipp Interactive is rated third in probability of bankruptcy category among its peers.
Snipp Interactive Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | (1.04) | (0.21) | 0.29 | (0.09) | (0.25) | (0.26) | |
| Asset Turnover | 1.27 | 1.39 | 2.05 | 1.59 | 2.28 | 1.15 | |
| Gross Profit Margin | 0.0444 | 0.13 | 0.2 | 0.1 | 0.0194 | 0.0203 | |
| Net Debt | (848.7K) | (1.6M) | (1.7M) | (5.6M) | (2.4M) | (2.5M) | |
| Total Current Liabilities | 4.4M | 4.8M | 3.9M | 6.2M | 6.5M | 4.0M | |
| Total Assets | 6.8M | 6.3M | 7.5M | 15.5M | 13.4M | 9.6M | |
| Total Current Assets | 3.4M | 3.6M | 4.9M | 9.1M | 6.5M | 4.7M | |
| Total Cash From Operating Activities | 187.9K | 1.5M | 1.0M | 19.3K | (1.4M) | (1.5M) |
Snipp Fundamentals
| Return On Equity | -0.34 | ||||
| Return On Asset | -0.0921 | ||||
| Profit Margin | (0.08) % | ||||
| Operating Margin | (0.11) % | ||||
| Current Valuation | 13.69 M | ||||
| Shares Outstanding | 286.11 M | ||||
| Shares Owned By Insiders | 31.39 % | ||||
| Shares Owned By Institutions | 0.02 % | ||||
| Number Of Shares Shorted | 7.94 K | ||||
| Price To Earning | (1.40) X | ||||
| Price To Book | 2.57 X | ||||
| Price To Sales | 0.77 X | ||||
| Revenue | 30.55 M | ||||
| Gross Profit | 1.17 M | ||||
| EBITDA | (2.15 M) | ||||
| Net Income | (3.38 M) | ||||
| Cash And Equivalents | 1.94 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 526.53 K | ||||
| Debt To Equity | 10.60 % | ||||
| Current Ratio | 1.26 X | ||||
| Book Value Per Share | 0.02 X | ||||
| Cash Flow From Operations | (1.4 M) | ||||
| Short Ratio | 0.17 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 0.19 | ||||
| Beta | 1.38 | ||||
| Market Capitalization | 20.03 M | ||||
| Total Asset | 13.43 M | ||||
| Retained Earnings | (36.92 M) | ||||
| Working Capital | (33.1 K) | ||||
| Net Asset | 13.43 M |
About Snipp Interactive Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Snipp Interactive's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Snipp Interactive using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Snipp Interactive 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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Additional Tools for Snipp Stock Analysis
When running Snipp Interactive's price analysis, check to measure Snipp Interactive'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 Snipp Interactive is operating at the current time. Most of Snipp Interactive's value examination focuses on studying past and present price action to predict the probability of Snipp Interactive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snipp Interactive's price. Additionally, you may evaluate how the addition of Snipp Interactive to your portfolios can decrease your overall portfolio volatility.