Spirit Aerosystems Holdings Stock Z Score

SPR Stock

USD 32.60 0.10 0.31%

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 Spirit Aerosystems Piotroski F Score and Spirit Aerosystems Valuation analysis.

At this time, Spirit Aerosystems' Long Term Debt To Capitalization is relatively stable compared to the past year. As of 11/26/2024, Total Debt To Capitalization is likely to grow to 1.20, though Return On Capital Employed is likely to grow to (0.03). At this time, Spirit Aerosystems' Interest Expense is relatively stable compared to the past year. As of 11/26/2024, Gross Profit is likely to grow to about 388.7 M, while Total Revenue is likely to drop slightly above 5.6 B.

Spirit Aerosystems Holdings Company Z Score Analysis

Spirit Aerosystems' 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 )

Spirit Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Net Tangible Assets	Short Term Investments	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Treasury Stock	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.14	0.12	0.48	0.57	0.66	0.72	0.86	0.9	0.94	0.64	0.55	-0.37	0.74	0.57	-0.27	0.02	0.63	0.32	0.02	-0.73	0.15	0.53	0.63	0.74	0.71	0.13
Total Stockholder Equity	-0.14		0.22	-0.88	0.42	-0.2	-0.77	-0.33	-0.5	0.04	-0.43	-0.84	0.58	-0.25	-0.85	0.63	0.13	-0.82	-0.41	0.23	0.52	0.54	-0.11	-0.11	-0.43	-0.26	-0.67
Current Deferred Revenue	0.12	0.22		-0.28	0.55	-0.01	-0.09	0.21	0.04	0.02	-0.05	-0.15	-0.25	0.27	-0.15	0.32	-0.31	-0.05	0.24	0.58	-0.27	0.29	0.08	0.11	0.04	0.05	-0.3
Net Debt	0.48	-0.88	-0.28		-0.22	0.43	0.91	0.52	0.72	0.33	0.57	0.92	-0.55	0.39	0.95	-0.77	-0.01	0.88	0.31	-0.21	-0.65	-0.49	0.21	0.2	0.55	0.37	0.69
Retained Earnings	0.57	0.42	0.55	-0.22		0.39	0.08	0.59	0.33	0.54	0.18	-0.16	-0.39	0.47	-0.16	0.34	0.24	0.03	0.15	0.31	-0.54	0.58	0.32	0.47	0.37	0.46	-0.38
Accounts Payable	0.66	-0.2	-0.01	0.43	0.39		0.54	0.75	0.65	0.63	0.07	0.23	-0.27	0.65	0.3	-0.21	0.13	0.51	0.38	-0.07	-0.61	0.07	-0.12	0.25	0.35	0.33	0.29
Long Term Debt	0.72	-0.77	-0.09	0.91	0.08	0.54		0.72	0.88	0.59	0.68	0.91	-0.67	0.57	0.93	-0.62	-0.08	0.97	0.42	-0.17	-0.83	-0.22	0.37	0.55	0.82	0.68	0.57
Net Receivables	0.86	-0.33	0.21	0.52	0.59	0.75	0.72		0.89	0.72	0.58	0.52	-0.6	0.86	0.55	-0.15	0.06	0.71	0.59	0.04	-0.89	0.1	0.47	0.52	0.66	0.65	0.17
Total Liab	0.9	-0.5	0.04	0.72	0.33	0.65	0.88	0.89		0.76	0.7	0.78	-0.5	0.74	0.79	-0.46	-0.06	0.82	0.45	-0.1	-0.82	-0.08	0.51	0.54	0.75	0.66	0.24
Total Current Assets	0.94	0.04	0.02	0.33	0.54	0.63	0.59	0.72	0.76		0.55	0.37	-0.17	0.59	0.39	-0.15	-0.04	0.49	0.17	-0.06	-0.54	0.29	0.45	0.69	0.7	0.72	0.13
Short Term Debt	0.64	-0.43	-0.05	0.57	0.18	0.07	0.68	0.58	0.7	0.55		0.75	-0.46	0.4	0.71	-0.27	-0.06	0.63	0.21	-0.08	-0.58	-0.06	0.91	0.55	0.71	0.7	0.24
Intangible Assets	0.55	-0.84	-0.15	0.92	-0.16	0.23	0.91	0.52	0.78	0.37	0.75		-0.56	0.43	0.99	-0.71	-0.09	0.88	0.35	-0.13	-0.65	-0.42	0.47	0.33	0.66	0.49	0.52
Common Stock	-0.37	0.58	-0.25	-0.55	-0.39	-0.27	-0.67	-0.6	-0.5	-0.17	-0.46	-0.56		-0.46	-0.57	0.24	-0.23	-0.71	-0.46	-0.13	0.87	-0.06	-0.3	-0.46	-0.67	-0.58	-0.33
Property Plant Equipment	0.74	-0.25	0.27	0.39	0.47	0.65	0.57	0.86	0.74	0.59	0.4	0.43	-0.46		0.47	0.03	0.11	0.63	0.84	0.32	-0.71	0.09	0.33	0.34	0.48	0.44	0.16
Good Will	0.57	-0.85	-0.15	0.95	-0.16	0.3	0.93	0.55	0.79	0.39	0.71	0.99	-0.57	0.47		-0.72	-0.07	0.91	0.38	-0.1	-0.67	-0.42	0.4	0.31	0.65	0.47	0.58
Net Tangible Assets	-0.27	0.63	0.32	-0.77	0.34	-0.21	-0.62	-0.15	-0.46	-0.15	-0.27	-0.71	0.24	0.03	-0.72		0.02	-0.5	0.2	0.3	0.32	0.58	0.05	0.01	-0.27	-0.07	-0.46
Short Term Investments	0.02	0.13	-0.31	-0.01	0.24	0.13	-0.08	0.06	-0.06	-0.04	-0.06	-0.09	-0.23	0.11	-0.07	0.02		-0.08	0.01	0.32	-0.12	0.21	-0.05	-0.2	-0.1	-0.09	0.02
Long Term Debt Total	0.63	-0.82	-0.05	0.88	0.03	0.51	0.97	0.71	0.82	0.49	0.63	0.88	-0.71	0.63	0.91	-0.5	-0.08		0.59	-0.09	-0.82	-0.21	0.32	0.52	0.79	0.66	0.63
Capital Surpluse	0.32	-0.41	0.24	0.31	0.15	0.38	0.42	0.59	0.45	0.17	0.21	0.35	-0.46	0.84	0.38	0.2	0.01	0.59		0.32	-0.52	0.02	0.16	0.19	0.32	0.28	0.25
Deferred Long Term Liab	0.02	0.23	0.58	-0.21	0.31	-0.07	-0.17	0.04	-0.1	-0.06	-0.08	-0.13	-0.13	0.32	-0.1	0.3	0.32	-0.09	0.32		-0.08	0.39	0.0	-0.21	-0.17	-0.17	0.01
Treasury Stock	-0.73	0.52	-0.27	-0.65	-0.54	-0.61	-0.83	-0.89	-0.82	-0.54	-0.58	-0.65	0.87	-0.71	-0.67	0.32	-0.12	-0.82	-0.52	-0.08		-0.03	-0.39	-0.55	-0.76	-0.68	-0.3
Long Term Investments	0.15	0.54	0.29	-0.49	0.58	0.07	-0.22	0.1	-0.08	0.29	-0.06	-0.42	-0.06	0.09	-0.42	0.58	0.21	-0.21	0.02	0.39	-0.03		0.1	0.43	0.21	0.36	-0.33
Short Long Term Debt	0.53	-0.11	0.08	0.21	0.32	-0.12	0.37	0.47	0.51	0.45	0.91	0.47	-0.3	0.33	0.4	0.05	-0.05	0.32	0.16	0.0	-0.39	0.1		0.49	0.54	0.59	-0.13
Cash And Equivalents	0.63	-0.11	0.11	0.2	0.47	0.25	0.55	0.52	0.54	0.69	0.55	0.33	-0.46	0.34	0.31	0.01	-0.2	0.52	0.19	-0.21	-0.55	0.43	0.49		0.92	0.97	0.07
Net Invested Capital	0.74	-0.43	0.04	0.55	0.37	0.35	0.82	0.66	0.75	0.7	0.71	0.66	-0.67	0.48	0.65	-0.27	-0.1	0.79	0.32	-0.17	-0.76	0.21	0.54	0.92		0.96	0.27
Net Working Capital	0.71	-0.26	0.05	0.37	0.46	0.33	0.68	0.65	0.66	0.72	0.7	0.49	-0.58	0.44	0.47	-0.07	-0.09	0.66	0.28	-0.17	-0.68	0.36	0.59	0.97	0.96		0.21
Capital Stock	0.13	-0.67	-0.3	0.69	-0.38	0.29	0.57	0.17	0.24	0.13	0.24	0.52	-0.33	0.16	0.58	-0.46	0.02	0.63	0.25	0.01	-0.3	-0.33	-0.13	0.07	0.27	0.21

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 Spirit Aerosystems

Based on the company's disclosures, Spirit Aerosystems Holdings has a Z Score of 0.0. This is 100.0% lower than that of the Aerospace & Defense sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.

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

Environmental

Governance

Social

Spirit Aerosystems Institutional Holders

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

		Shares
Bank Of America Corp	2024-06-30	3.1 M
Ubs O'connor Llc	2024-09-30	2.8 M
Eckert Corp	2024-09-30	2.4 M
Balyasny Asset Management Llc	2024-09-30	2.4 M
Woodline Partners Lp	2024-06-30	1.9 M
Geode Capital Management, Llc	2024-09-30	1.8 M
Sei Investments Co	2024-06-30	1.7 M
Charles Schwab Investment Management Inc	2024-09-30	1.3 M
Man Group Plc	2024-09-30	1.3 M
Fmr Inc	2024-09-30	14.8 M
Vanguard Group Inc	2024-09-30	10.6 M

Spirit Fundamentals

	Return On Equity	-5.33
	Return On Asset	-0.0958
	Profit Margin	(0.22) %
	Operating Margin	(0.24) %
	Current Valuation	8.72 B
	Shares Outstanding	116.91 M
	Shares Owned By Insiders	0.90 %
	Shares Owned By Institutions	94.12 %
	Number Of Shares Shorted	10.7 M
	Price To Earning	9.96 X
	Price To Book	10.93 X
	Price To Sales	0.59 X
	Revenue	6.05 B
	Gross Profit	58.2 M
	EBITDA	41 M
	Net Income	(616.2 M)
	Cash And Equivalents	658.6 M
	Cash Per Share	6.37 X
	Total Debt	4.18 B
	Current Ratio	1.42 X
	Book Value Per Share	(16.64) X
	Cash Flow From Operations	(225.8 M)
	Short Ratio	7.10 X
	Earnings Per Share	(12.13) X
	Price To Earnings To Growth	1.30 X
	Target Price	36.88
	Number Of Employees	20.66 K
	Beta	1.85
	Market Capitalization	3.8 B
	Total Asset	6.95 B
	Retained Earnings	616.3 M
	Working Capital	1.55 B
	Current Asset	3.3 B
	Current Liabilities	1.46 B
	Five Year Return	0.47 %
	Net Asset	6.95 B

About Spirit Aerosystems Fundamental Analysis

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

Pair Trading with Spirit Aerosystems

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spirit Aerosystems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spirit Aerosystems will appreciate offsetting losses from the drop in the long position's value.

Moving together with Spirit Stock

0.92

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Moving against Spirit Stock

0.76	CW	Curtiss Wright	Pair Corr
0.62	DRS	Leonardo DRS, Common	Pair Corr
0.6	ESLT	Elbit Systems	Pair Corr
0.54	EVEX	Eve Holding Trending	Pair Corr
0.54	CAE	CAE Inc	Pair Corr

The ability to find closely correlated positions to Spirit Aerosystems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spirit Aerosystems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spirit Aerosystems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spirit Aerosystems Holdings to buy it.

The correlation of Spirit Aerosystems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spirit Aerosystems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spirit Aerosystems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Spirit Aerosystems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Spirit Stock Analysis

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

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Spirit Aerosystems Holdings Stock Z Score

Spirit Aerosystems Holdings 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 )

Spirit Z Score Driver Correlations

Spirit Aerosystems ESG Sustainability

Spirit Aerosystems Institutional Holders

Spirit Fundamentals

About Spirit Aerosystems Fundamental Analysis

Pair Trading with Spirit Aerosystems

Moving together with Spirit Stock

Moving against Spirit Stock

Additional Tools for Spirit Stock Analysis

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