Tactile Systems Technology Stock Z Score

TCMD Stock

USD 18.92 1.07 5.99%

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 Tactile Systems Piotroski F Score and Tactile Systems Valuation analysis.

At present, Tactile Systems' Change In Working Capital is projected to increase significantly based on the last few years of reporting. The current year's Capital Expenditures is expected to grow to about 3 M, whereas Net Invested Capital is forecasted to decline to about 153.8 M. At present, Tactile Systems' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 18.9 M, whereas Selling And Marketing Expenses is forecasted to decline to about 65.4 M.

Tactile Systems Technology Company Z Score Analysis

Tactile Systems' 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 )

Tactile Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Net Tangible Assets	Long Term Debt	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Property Plant Equipment	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt Total
Total Assets		0.96	0.84	0.5	0.61	0.82	0.97	0.93	0.95	0.87	0.82	0.86	0.56	0.76	0.26	-0.4	-0.55	0.42	0.5	0.98	0.95	0.63	0.65	-0.56
Total Stockholder Equity	0.96		0.8	0.24	0.77	0.75	0.89	0.79	0.98	0.77	0.69	0.92	0.69	0.76	0.36	-0.44	-0.62	0.5	0.57	0.94	0.9	0.77	0.69	-0.56
Current Deferred Revenue	0.84	0.8		0.39	0.62	0.63	0.84	0.79	0.78	0.92	0.83	0.64	0.41	0.6	0.15	-0.38	-0.33	0.1	0.49	0.9	0.9	0.7	0.77	-0.8
Net Debt	0.5	0.24	0.39		-0.19	0.44	0.57	0.75	0.25	0.58	0.68	0.14	-0.2	0.38	-0.07	-0.03	0.07	-0.07	0.11	0.48	0.52	-0.14	0.12	-0.12
Retained Earnings	0.61	0.77	0.62	-0.19		0.3	0.53	0.33	0.77	0.49	0.33	0.73	0.82	0.66	0.53	-0.35	-0.5	0.58	0.69	0.59	0.57	0.91	0.51	-0.43
Accounts Payable	0.82	0.75	0.63	0.44	0.3		0.82	0.83	0.78	0.72	0.72	0.76	0.45	0.58	0.28	-0.29	-0.55	0.42	0.28	0.79	0.72	0.21	0.49	-0.56
Net Receivables	0.97	0.89	0.84	0.57	0.53	0.82		0.96	0.91	0.86	0.8	0.79	0.53	0.8	0.18	-0.35	-0.46	0.4	0.44	0.95	0.91	0.55	0.54	-0.5
Total Liab	0.93	0.79	0.79	0.75	0.33	0.83	0.96		0.79	0.88	0.88	0.69	0.32	0.68	0.1	-0.31	-0.39	0.27	0.36	0.91	0.9	0.37	0.53	-0.49
Total Current Assets	0.95	0.98	0.78	0.25	0.77	0.78	0.91	0.79		0.74	0.64	0.95	0.78	0.81	0.42	-0.47	-0.68	0.59	0.61	0.9	0.84	0.72	0.57	-0.5
Short Term Debt	0.87	0.77	0.92	0.58	0.49	0.72	0.86	0.88	0.74		0.96	0.62	0.27	0.54	0.07	-0.22	-0.28	0.2	0.33	0.91	0.95	0.55	0.79	-0.79
Intangible Assets	0.82	0.69	0.83	0.68	0.33	0.72	0.8	0.88	0.64	0.96		0.57	0.13	0.47	0.05	-0.27	-0.29	0.1	0.21	0.85	0.91	0.38	0.76	-0.75
Common Stock	0.86	0.92	0.64	0.14	0.73	0.76	0.79	0.69	0.95	0.62	0.57		0.82	0.74	0.5	-0.63	-0.86	0.61	0.56	0.79	0.73	0.61	0.51	-0.44
Net Tangible Assets	0.56	0.69	0.41	-0.2	0.82	0.45	0.53	0.32	0.78	0.27	0.13	0.82		0.74	0.62	-0.48	-0.74	0.76	0.67	0.45	0.35	0.6	0.12	-0.14
Long Term Debt	0.76	0.76	0.6	0.38	0.66	0.58	0.8	0.68	0.81	0.54	0.47	0.74	0.74		0.54	-0.38	-0.43	0.54	0.68	0.7	0.63	0.55	0.2	-0.18
Short Term Investments	0.26	0.36	0.15	-0.07	0.53	0.28	0.18	0.1	0.42	0.07	0.05	0.5	0.62	0.54		-0.3	-0.42	0.47	0.76	0.18	0.11	0.22	0.02	-0.09
Deferred Long Term Liab	-0.4	-0.44	-0.38	-0.03	-0.35	-0.29	-0.35	-0.31	-0.47	-0.22	-0.27	-0.63	-0.48	-0.38	-0.3		0.79	0.02	-0.3	-0.36	-0.33	-0.28	-0.21	0.21
Long Term Investments	-0.55	-0.62	-0.33	0.07	-0.5	-0.55	-0.46	-0.39	-0.68	-0.28	-0.29	-0.86	-0.74	-0.43	-0.42	0.79		-0.51	-0.36	-0.43	-0.38	-0.32	-0.23	0.21
Short Long Term Debt	0.42	0.5	0.1	-0.07	0.58	0.42	0.4	0.27	0.59	0.2	0.1	0.61	0.76	0.54	0.47	0.02	-0.51		0.44	0.27	0.22	0.33	-0.02	0.07
Property Plant Equipment	0.5	0.57	0.49	0.11	0.69	0.28	0.44	0.36	0.61	0.33	0.21	0.56	0.67	0.68	0.76	-0.3	-0.36	0.44		0.44	0.4	0.56	0.16	-0.15
Capital Surpluse	0.98	0.94	0.9	0.48	0.59	0.79	0.95	0.91	0.9	0.91	0.85	0.79	0.45	0.7	0.18	-0.36	-0.43	0.27	0.44		0.98	0.67	0.76	-0.67
Net Invested Capital	0.95	0.9	0.9	0.52	0.57	0.72	0.91	0.9	0.84	0.95	0.91	0.73	0.35	0.63	0.11	-0.33	-0.38	0.22	0.4	0.98		0.67	0.81	-0.71
Net Working Capital	0.63	0.77	0.7	-0.14	0.91	0.21	0.55	0.37	0.72	0.55	0.38	0.61	0.6	0.55	0.22	-0.28	-0.32	0.33	0.56	0.67	0.67		0.65	-0.49
Capital Stock	0.65	0.69	0.77	0.12	0.51	0.49	0.54	0.53	0.57	0.79	0.76	0.51	0.12	0.2	0.02	-0.21	-0.23	-0.02	0.16	0.76	0.81	0.65		-0.91
Long Term Debt Total	-0.56	-0.56	-0.8	-0.12	-0.43	-0.56	-0.5	-0.49	-0.5	-0.79	-0.75	-0.44	-0.14	-0.18	-0.09	0.21	0.21	0.07	-0.15	-0.67	-0.71	-0.49	-0.91

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 Tactile Systems

Based on the company's disclosures, Tactile Systems Technology has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Equipment & Supplies sector and 100.0% lower than that of the Health Care industry. The z score for all United States stocks is 100.0% higher than that of the company.

Tactile Systems Current Valuation Drivers

We derive many important indicators used in calculating different scores of Tactile Systems from analyzing Tactile Systems' financial statements. These drivers represent accounts that assess Tactile Systems' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Tactile Systems' important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	1.3B	869.5M	375.3M	230.4M	327.8M	367.6M
Enterprise Value	1.3B	843.0M	430.9M	280.7M	317.2M	365.4M

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

Environmental

Governance

Social

Tactile Systems Institutional Holders

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

		Shares
Geode Capital Management, Llc	2024-09-30	558.7 K
Kennedy Capital Management Inc	2024-09-30	441.2 K
Federated Hermes Inc	2024-09-30	434.1 K
Next Century Growth Investors Llc	2024-06-30	386 K
Ameriprise Financial Inc	2024-06-30	316.3 K
Renaissance Technologies Corp	2024-09-30	313.2 K
Blair William & Co	2024-06-30	293.9 K
Aqr Capital Management Llc	2024-06-30	269.4 K
Tocqueville Asset Management L.p.	2024-09-30	266.7 K
Morgan Stanley - Brokerage Accounts	2024-06-30	3.8 M
Blackrock Inc	2024-06-30	2.4 M

Tactile Fundamentals

	Return On Equity	0.0791
	Return On Asset	0.0462
	Profit Margin	0.05 %
	Operating Margin	0.09 %
	Current Valuation	404.49 M
	Shares Outstanding	24 M
	Shares Owned By Insiders	1.95 %
	Shares Owned By Institutions	98.05 %
	Number Of Shares Shorted	1.26 M
	Price To Earning	23.07 X
	Price To Book	2.18 X
	Price To Sales	1.59 X
	Revenue	274.42 M
	Gross Profit	175.98 M
	EBITDA	24.54 M
	Net Income	28.52 M
	Cash And Equivalents	23.35 M
	Cash Per Share	1.16 X
	Total Debt	50.38 M
	Debt To Equity	0.66 %
	Current Ratio	2.31 X
	Book Value Per Share	8.66 X
	Cash Flow From Operations	35.85 M
	Short Ratio	9.67 X
	Earnings Per Share	0.65 X
	Price To Earnings To Growth	17.24 X
	Target Price	24.0
	Number Of Employees	992
	Beta	1.17
	Market Capitalization	454.03 M
	Total Asset	281.44 M
	Retained Earnings	18.89 M
	Working Capital	104.24 M
	Current Asset	64.23 M
	Current Liabilities	13.79 M
	Net Asset	281.44 M

About Tactile Systems Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tactile Systems Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tactile Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tactile Systems Technology 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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When determining whether Tactile Systems Tech is a strong investment it is important to analyze Tactile Systems' 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 Tactile Systems' future performance. For an informed investment choice regarding Tactile Stock, refer to the following important reports:

How To Invest In Tactile

Details

Is Tactile Stock a good investment?

Details

What is Tactile Systems' Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

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Largest Health Care Equipment & Services Companies

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Check out Tactile Systems Piotroski F Score and Tactile Systems Valuation analysis.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

Is Health Care Equipment & Supplies 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 Tactile Systems. If investors know Tactile 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 Tactile Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.78)

Earnings Share

0.65

Revenue Per Share

11.991

Quarterly Revenue Growth

0.05

Return On Assets

0.0462

The market value of Tactile Systems Tech is measured differently than its book value, which is the value of Tactile that is recorded on the company's balance sheet. Investors also form their own opinion of Tactile Systems' value that differs from its market value or its book value, called intrinsic value, which is Tactile Systems' 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 Tactile Systems' market value can be influenced by many factors that don't directly affect Tactile Systems' 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 Tactile Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tactile Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tactile Systems' 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.

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Tactile Systems Technology Stock Z Score

Tactile Systems Technology 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 )

Tactile Z Score Driver Correlations

Tactile Systems Current Valuation Drivers

Tactile Systems ESG Sustainability

Tactile Systems Institutional Holders

Tactile Fundamentals

About Tactile Systems Fundamental Analysis

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