Ritchie Bros Auctioneers Stock Probability Of Bankruptcy
| RBA Stock | CAD 100.52 0.47 0.47% |
Ritchie | Probability Of Bankruptcy |
Ritchie Bros Auctioneers Company odds of distress Analysis
Ritchie Bros' 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 Ritchie Bros Probability Of Bankruptcy | Less than 6% |
Most of Ritchie Bros' 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, Ritchie Bros Auctioneers is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Ritchie Bros 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 Ritchie Bros 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 Ritchie Bros Auctioneers financial health.
Ritchie Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Ritchie Bros is extremely important. It helps to project a fair market value of Ritchie Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Ritchie Bros' 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 Ritchie Bros' 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 Ritchie Bros' interrelated accounts and indicators.
Click cells to compare fundamentals
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, Ritchie Bros Auctioneers has a Probability Of Bankruptcy of 6.0%. This is 85.91% lower than that of the Commercial Services & Supplies sector and significantly higher than that of the Industrials industry. The probability of bankruptcy for all Canada stocks is 84.94% higher than that of the company.
Ritchie Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ritchie Bros' 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 Ritchie Bros could also be used in its relative valuation, which is a method of valuing Ritchie Bros by comparing valuation metrics of similar companies.Ritchie Bros is currently under evaluation in probability of bankruptcy category among related companies.
Ritchie Bros Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | 0.0669 | 0.0723 | 0.0332 | 0.11 | 0.0172 | 0.0163 | |
| Asset Turnover | 0.3 | 0.57 | 0.59 | 0.61 | 0.31 | 0.51 | |
| Gross Profit Margin | 0.87 | 0.54 | 0.51 | 0.55 | 0.58 | 0.48 | |
| Net Debt | 290.5M | 387.0M | 1.4B | 116.3M | 1.9B | 2.0B | |
| Total Current Liabilities | 501.3M | 514.6M | 588.4M | 795.3M | 1.0B | 1.1B | |
| Non Current Liabilities Total | 821.2M | 824.6M | 1.9B | 778.4M | 4.3B | 4.5B | |
| Total Assets | 2.2B | 2.4B | 3.6B | 2.9B | 9.1B | 9.5B | |
| Total Current Assets | 679.6M | 556.8M | 762.2M | 963.1M | 1.4B | 1.4B | |
| Total Cash From Operating Activities | 332.8M | 257.9M | 317.6M | 463.1M | 405.9M | 426.1M |
Ritchie Fundamentals
| Return On Equity | 0.0606 | ||||
| Return On Asset | 0.0573 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 22.97 B | ||||
| Shares Outstanding | 183.28 M | ||||
| Shares Owned By Insiders | 0.29 % | ||||
| Shares Owned By Institutions | 95.12 % | ||||
| Number Of Shares Shorted | 373.57 K | ||||
| Price To Earning | 70.73 X | ||||
| Price To Book | 2.69 X | ||||
| Price To Sales | 5.01 X | ||||
| Revenue | 2.77 B | ||||
| Gross Profit | 957.11 M | ||||
| EBITDA | 1.03 B | ||||
| Net Income | 206.5 M | ||||
| Cash And Equivalents | 494.32 M | ||||
| Cash Per Share | 3.59 X | ||||
| Total Debt | 21.03 M | ||||
| Debt To Equity | 0.88 % | ||||
| Current Ratio | 1.25 X | ||||
| Book Value Per Share | 27.44 X | ||||
| Cash Flow From Operations | 405.86 M | ||||
| Short Ratio | 3.38 X | ||||
| Earnings Per Share | 1.43 X | ||||
| Price To Earnings To Growth | 2.68 X | ||||
| Target Price | 110.36 | ||||
| Number Of Employees | 7.9 K | ||||
| Beta | 0.87 | ||||
| Market Capitalization | 18.34 B | ||||
| Total Asset | 9.07 B | ||||
| Retained Earnings | 692.37 M | ||||
| Working Capital | 355.27 M | ||||
| Current Asset | 430.1 M | ||||
| Current Liabilities | 289.97 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 2.03 % | ||||
| Net Asset | 9.07 B | ||||
| Last Dividend Paid | 1.08 |
About Ritchie Bros Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ritchie Bros Auctioneers's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ritchie Bros using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ritchie Bros Auctioneers 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.
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 Ritchie Bros 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, Ritchie Bros' short interest history, or implied volatility extrapolated from Ritchie Bros options trading.
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ritchie Bros Auctioneers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Ritchie Bros Auctioneers information on this page should be used as a complementary analysis to other Ritchie Bros' 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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Ritchie Stock analysis
When running Ritchie Bros' price analysis, check to measure Ritchie Bros' 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 Ritchie Bros is operating at the current time. Most of Ritchie Bros' value examination focuses on studying past and present price action to predict the probability of Ritchie Bros' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ritchie Bros' price. Additionally, you may evaluate how the addition of Ritchie Bros to your portfolios can decrease your overall portfolio volatility.
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