Commercial Metals Stock Z Score

CMC Stock

USD 55.87 0.64 1.16%

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 Commercial Metals Piotroski F Score and Commercial Metals Valuation analysis.

For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.

At present, Commercial Metals' 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 732.5 M, whereas Capital Surpluse is forecasted to decline to about 401.9 M. At present, Commercial Metals' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 10.6 B, whereas Interest Expense is forecasted to decline to about 30 M.

Commercial Metals Company Z Score Analysis

Commercial Metals' 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 )

Commercial Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Good Will	Intangible Assets	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.19	0.97	0.94	0.9	0.96	0.21	0.48	-0.55	0.43	-0.71	0.96	-0.48	-0.25	0.92	0.89	0.93	0.61	-0.24	0.74	0.9	-0.72	0.21	0.4	0.83	0.84	-0.67
Total Stockholder Equity	0.98		0.0	1.0	0.85	0.78	0.88	0.18	0.33	-0.39	0.25	-0.63	0.99	-0.56	-0.13	0.97	0.94	0.98	0.65	-0.32	0.81	0.95	-0.71	0.18	0.41	0.88	0.88	-0.73
Net Debt	0.19	0.0		-0.01	0.48	0.55	0.38	0.08	0.67	-0.7	0.86	-0.48	-0.01	0.3	-0.52	-0.07	-0.08	-0.12	-0.15	0.41	-0.13	-0.07	-0.07	0.05	-0.22	-0.04	-0.08	0.21
Retained Earnings	0.97	1.0	-0.01		0.85	0.77	0.87	0.2	0.31	-0.39	0.24	-0.64	0.98	-0.56	-0.12	0.97	0.94	0.98	0.66	-0.32	0.81	0.95	-0.71	0.2	0.41	0.88	0.88	-0.73
Net Receivables	0.94	0.85	0.48	0.85		0.98	0.99	0.23	0.69	-0.71	0.65	-0.75	0.83	-0.32	-0.39	0.77	0.74	0.78	0.47	-0.08	0.59	0.76	-0.66	0.21	0.3	0.69	0.69	-0.54
Total Liab	0.9	0.78	0.55	0.77	0.98		0.97	0.25	0.73	-0.79	0.73	-0.76	0.75	-0.23	-0.45	0.68	0.65	0.7	0.44	-0.05	0.49	0.67	-0.63	0.23	0.32	0.61	0.62	-0.46
Total Current Assets	0.96	0.88	0.38	0.87	0.99	0.97		0.28	0.66	-0.7	0.61	-0.77	0.84	-0.28	-0.38	0.8	0.77	0.81	0.49	-0.14	0.61	0.77	-0.65	0.26	0.42	0.72	0.72	-0.56
Short Term Debt	0.21	0.18	0.08	0.2	0.23	0.25	0.28		0.04	-0.16	-0.09	-0.41	0.08	0.24	0.1	0.14	0.29	0.23	0.29	-0.36	0.05	0.27	-0.23	1.0	0.32	0.24	0.19	0.06
Accounts Payable	0.48	0.33	0.67	0.31	0.69	0.73	0.66	0.04		-0.63	0.73	-0.5	0.28	0.15	-0.53	0.27	0.25	0.24	-0.13	0.23	0.2	0.16	-0.14	0.0	0.21	0.22	0.21	-0.11
Common Stock	-0.55	-0.39	-0.7	-0.39	-0.71	-0.79	-0.7	-0.16	-0.63		-0.8	0.7	-0.37	-0.06	0.33	-0.25	-0.18	-0.24	-0.38	0.14	-0.02	-0.21	0.44	-0.14	0.01	-0.2	-0.23	0.1
Long Term Debt	0.43	0.25	0.86	0.24	0.65	0.73	0.61	-0.09	0.73	-0.8		-0.53	0.24	0.12	-0.68	0.16	0.12	0.12	-0.01	0.45	0.1	0.12	-0.24	-0.12	0.1	0.18	0.19	0.0
Treasury Stock	-0.71	-0.63	-0.48	-0.64	-0.75	-0.76	-0.77	-0.41	-0.5	0.7	-0.53		-0.54	-0.17	0.21	-0.65	-0.64	-0.54	-0.29	0.19	-0.38	-0.5	0.3	-0.39	-0.28	-0.48	-0.43	0.33
Property Plant Equipment	0.96	0.99	-0.01	0.98	0.83	0.75	0.84	0.08	0.28	-0.37	0.24	-0.54		-0.68	-0.12	0.94	0.89	0.97	0.69	-0.31	0.79	0.95	-0.76	0.09	0.32	0.87	0.88	-0.73
Current Deferred Revenue	-0.48	-0.56	0.3	-0.56	-0.32	-0.23	-0.28	0.24	0.15	-0.06	0.12	-0.17	-0.68		0.01	-0.48	-0.41	-0.6	-0.59	0.19	-0.49	-0.65	0.68	0.21	0.02	-0.57	-0.61	0.43
Short Term Investments	-0.25	-0.13	-0.52	-0.12	-0.39	-0.45	-0.38	0.1	-0.53	0.33	-0.68	0.21	-0.12	0.01		-0.09	-0.08	-0.08	0.24	-0.61	-0.15	-0.07	0.11	0.14	-0.36	-0.17	-0.18	-0.06
Good Will	0.92	0.97	-0.07	0.97	0.77	0.68	0.8	0.14	0.27	-0.25	0.16	-0.65	0.94	-0.48	-0.09		0.97	0.96	0.52	-0.27	0.86	0.92	-0.54	0.14	0.44	0.86	0.84	-0.76
Intangible Assets	0.89	0.94	-0.08	0.94	0.74	0.65	0.77	0.29	0.25	-0.18	0.12	-0.64	0.89	-0.41	-0.08	0.97		0.96	0.49	-0.23	0.84	0.94	-0.55	0.29	0.5	0.88	0.85	-0.69
Net Tangible Assets	0.93	0.98	-0.12	0.98	0.78	0.7	0.81	0.23	0.24	-0.24	0.12	-0.54	0.97	-0.6	-0.08	0.96	0.96		0.64	-0.31	0.83	0.98	-0.72	0.24	0.45	0.91	0.91	-0.72
Total Permanent Equity	0.61	0.65	-0.15	0.66	0.47	0.44	0.49	0.29	-0.13	-0.38	-0.01	-0.29	0.69	-0.59	0.24	0.52	0.49	0.64		-0.63	0.34	0.65	-0.84	0.32	0.02	0.6	0.66	-0.39
Long Term Debt Total	-0.24	-0.32	0.41	-0.32	-0.08	-0.05	-0.14	-0.36	0.23	0.14	0.45	0.19	-0.31	0.19	-0.61	-0.27	-0.23	-0.31	-0.63		-0.15	-0.25	0.24	-0.38	0.08	-0.16	-0.17	0.37
Capital Surpluse	0.74	0.81	-0.13	0.81	0.59	0.49	0.61	0.05	0.2	-0.02	0.1	-0.38	0.79	-0.49	-0.15	0.86	0.84	0.83	0.34	-0.15		0.8	-0.34	0.06	0.52	0.85	0.83	-0.65
Deferred Long Term Liab	0.9	0.95	-0.07	0.95	0.76	0.67	0.77	0.27	0.16	-0.21	0.12	-0.5	0.95	-0.65	-0.07	0.92	0.94	0.98	0.65	-0.25	0.8		-0.75	0.27	0.37	0.9	0.88	-0.67
Accumulated Depreciation	-0.72	-0.71	-0.07	-0.71	-0.66	-0.63	-0.65	-0.23	-0.14	0.44	-0.24	0.3	-0.76	0.68	0.11	-0.54	-0.55	-0.72	-0.84	0.24	-0.34	-0.75		-0.25	-0.09	-0.7	-0.75	0.27
Short Long Term Debt	0.21	0.18	0.05	0.2	0.21	0.23	0.26	1.0	0.0	-0.14	-0.12	-0.39	0.09	0.21	0.14	0.14	0.29	0.24	0.32	-0.38	0.06	0.27	-0.25		0.31	0.25	0.21	0.07
Cash And Equivalents	0.4	0.41	-0.22	0.41	0.3	0.32	0.42	0.32	0.21	0.01	0.1	-0.28	0.32	0.02	-0.36	0.44	0.5	0.45	0.02	0.08	0.52	0.37	-0.09	0.31		0.5	0.52	-0.2
Net Invested Capital	0.83	0.88	-0.04	0.88	0.69	0.61	0.72	0.24	0.22	-0.2	0.18	-0.48	0.87	-0.57	-0.17	0.86	0.88	0.91	0.6	-0.16	0.85	0.9	-0.7	0.25	0.5		0.99	-0.42
Net Working Capital	0.84	0.88	-0.08	0.88	0.69	0.62	0.72	0.19	0.21	-0.23	0.19	-0.43	0.88	-0.61	-0.18	0.84	0.85	0.91	0.66	-0.17	0.83	0.88	-0.75	0.21	0.52	0.99		-0.44
Capital Stock	-0.67	-0.73	0.21	-0.73	-0.54	-0.46	-0.56	0.06	-0.11	0.1	0.0	0.33	-0.73	0.43	-0.06	-0.76	-0.69	-0.72	-0.39	0.37	-0.65	-0.67	0.27	0.07	-0.2	-0.42	-0.44

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 Commercial Metals

In accordance with the company's disclosures, Commercial Metals 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.

Commercial Metals Current Valuation Drivers

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

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	2.5B	3.9B	4.9B	6.6B	5.9B	6.2B
Enterprise Value	3.0B	4.5B	5.7B	7.2B	6.4B	6.8B

Commercial Metals Institutional Holders

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

		Shares
Victory Capital Management Inc.	2023-12-31	1.8 M
Principal Financial Group Inc	2023-12-31	1.7 M
Millennium Management Llc	2023-12-31	1.6 M
Morgan Stanley - Brokerage Accounts	2023-12-31	1.6 M
Charles Schwab Investment Management Inc	2023-12-31	1.4 M
Bank Of New York Mellon Corp	2023-12-31	1.3 M
Amvescap Plc.	2023-12-31	1.2 M
Jpmorgan Chase & Co	2023-12-31	1.1 M
Nuveen Asset Management, Llc	2023-12-31	1.1 M
Blackrock Inc	2023-12-31	15.6 M
Vanguard Group Inc	2023-12-31	12.6 M

Commercial Fundamentals

	Return On Equity	0.17
	Return On Asset	0.089
	Profit Margin	0.08 %
	Operating Margin	0.07 %
	Current Valuation	6.98 B
	Shares Outstanding	115.71 M
	Shares Owned By Insiders	0.73 %
	Shares Owned By Institutions	88.91 %
	Number Of Shares Shorted	2.42 M
	Price To Earning	22.20 X
	Price To Book	1.51 X
	Price To Sales	0.76 X
	Revenue	8.8 B
	Gross Profit	1.81 B
	EBITDA	1.39 B
	Net Income	859.76 M
	Cash And Equivalents	592.33 M
	Cash Per Share	5.73 X
	Total Debt	1.15 B
	Debt To Equity	0.50 %
	Current Ratio	2.54 X
	Book Value Per Share	36.39 X
	Cash Flow From Operations	1.34 B
	Short Ratio	2.27 X
	Earnings Per Share	5.76 X
	Price To Earnings To Growth	12.25 X
	Target Price	65.5
	Number Of Employees	13.02 K
	Beta	1.33
	Market Capitalization	6.45 B
	Total Asset	6.64 B
	Retained Earnings	4.1 B
	Working Capital	2.3 B
	Current Asset	2.05 B
	Current Liabilities	821.12 M
	Annual Yield	0.01 %
	Five Year Return	2.18 %
	Net Asset	6.64 B
	Last Dividend Paid	0.64

About Commercial Metals Fundamental Analysis

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

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 Commercial Metals 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 Commercial Metals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Commercial Stock

0.67	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.85	KALU	Kaiser Aluminum Earnings Call This Week	Pair Corr
0.73	CENX	Century Aluminum Financial Report 13th of May 2024	Pair Corr
0.87	CSTM	Constellium Nv Earnings Call This Week	Pair Corr

Moving against Commercial Stock

0.73	NC	NACCO Industries	Pair Corr
0.72	VALE	Vale SA ADR Earnings Call This Week	Pair Corr
0.69	X	United States Steel Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Commercial Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commercial Metals 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 Commercial Metals - 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 Commercial Metals to buy it.

The correlation of Commercial Metals 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 Commercial Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commercial Metals 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 Commercial Metals 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

When determining whether Commercial Metals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Commercial Metals' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Commercial Metals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Commercial Metals Stock:

How To Invest In Commercial

Details

Is Commercial Stock a good investment?

Details

What is Commercial Metals' Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Materials Companies

View

Check out Commercial Metals Piotroski F Score and Commercial Metals Valuation analysis.

For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.

You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for Commercial Stock analysis

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

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Is Commercial Metals' industry 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 Commercial Metals. If investors know Commercial 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 Commercial Metals 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

(0.52)

Dividend Share

0.64

Earnings Share

5.76

Revenue Per Share

71.999

Quarterly Revenue Growth

(0.08)

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

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

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Commercial Metals Stock Z Score

Commercial Metals 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 )

Commercial Z Score Driver Correlations

Commercial Metals Current Valuation Drivers

Commercial Metals Institutional Holders

Commercial Fundamentals

About Commercial Metals Fundamental Analysis

Pair Trading with Commercial Metals

Moving together with Commercial Stock

Moving against Commercial Stock

Complementary Tools for Commercial Stock analysis

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