Lucara Diamond Corp Stock Probability Of Bankruptcy

LUC Stock  CAD 0.32  0.01  3.03%   
Lucara Diamond's risk of distress is under 37% at this time. It has slight likelihood of undergoing some form of financial crunch in the near future. Chance Of Bankruptcy shows the probability of financial distress over the next two years of operations under current economic and market conditions. All items used in analyzing the odds of distress are taken from the Lucara balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Lucara Diamond Piotroski F Score and Lucara Diamond Altman Z Score analysis.
  

Lucara Probability Of Bankruptcy Analysis

Lucara Diamond'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.

Probability Of Bankruptcy

 = 

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Lucara Diamond Probability Of Bankruptcy

    
  Less than 37%  
Most of Lucara Diamond'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, Lucara Diamond Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Lucara Diamond 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 Lucara Diamond 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 Lucara Diamond Corp financial health.
Please note, there is a significant difference between Lucara Diamond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucara Diamond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucara Diamond's 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.

Lucara Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Lucara Diamond is extremely important. It helps to project a fair market value of Lucara Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Lucara Diamond'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 Lucara Diamond'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 Lucara Diamond'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.
Competition

Based on the latest financial disclosure, Lucara Diamond Corp has a Probability Of Bankruptcy of 37.0%. This is 16.55% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The probability of bankruptcy for all Canada stocks is 7.11% higher than that of the company.

Lucara Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Lucara Diamond'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 Lucara Diamond could also be used in its relative valuation, which is a method of valuing Lucara Diamond by comparing valuation metrics of similar companies.
Lucara Diamond is rated second overall in probability of bankruptcy category among related companies.

Lucara Diamond Main Bankruptcy Drivers

201920202021202220232024 (projected)
Return On Assets0.0367(0.0787)0.05780.0815(0.0351)(0.0333)
Asset Turnover0.480.560.380.430.310.62
Gross Profit Margin0.23(0.0617)0.330.40.340.46
Net Debt(9.0M)27.4M21.9M52.2M88.2M92.6M
Total Current Liabilities21.6M47.6M51.8M59.9M102.5M107.6M
Non Current Liabilities Total87.5M78.1M111.2M165.9M231.2M242.7M
Total Assets346.0M333.8M412.0M495.8M575.8M316.1M
Total Current Assets82.5M94.2M102.3M100.3M85.9M85.4M
Total Cash From Operating Activities50.1M(1.5M)83.4M96.2M62.6M53.4M

Lucara Fundamentals

About Lucara Diamond Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Lucara Diamond Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Lucara Diamond using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Lucara Diamond Corp 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.
Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. Lucara Diamond Corp. was incorporated in 1981 and is headquartered in Vancouver, Canada. LUCARA DIAMOND operates under Other Precious Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 324 people.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Lucara Diamond in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Lucara Diamond's short interest history, or implied volatility extrapolated from Lucara Diamond options trading.

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Check out Lucara Diamond Piotroski F Score and Lucara Diamond Altman Z Score analysis.
Note that the Lucara Diamond Corp information on this page should be used as a complementary analysis to other Lucara Diamond's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Lucara Stock analysis

When running Lucara Diamond's price analysis, check to measure Lucara Diamond'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 Lucara Diamond is operating at the current time. Most of Lucara Diamond's value examination focuses on studying past and present price action to predict the probability of Lucara Diamond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucara Diamond's price. Additionally, you may evaluate how the addition of Lucara Diamond to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Lucara Diamond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucara Diamond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucara Diamond's 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.