Canopy Growth Corp Stock Probability Of Bankruptcy
| WEED Stock | CAD 12.15 0.29 2.45% |
Canopy | Probability Of Bankruptcy |
Canopy Growth Corp Company odds of distress Analysis
Canopy Growth'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.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Canopy Growth Probability Of Bankruptcy | Less than 45% |
Most of Canopy Growth'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, Canopy Growth Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Canopy Growth 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 Canopy Growth 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 Canopy Growth Corp financial health.
Canopy Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Canopy Growth is extremely important. It helps to project a fair market value of Canopy Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Canopy Growth'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 Canopy Growth'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 Canopy Growth'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.
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Based on the latest financial disclosure, Canopy Growth Corp has a Probability Of Bankruptcy of 45.0%. This is 3.95% higher than that of the Pharmaceuticals sector and significantly higher than that of the Health Care industry. The probability of bankruptcy for all Canada stocks is 12.98% lower than that of the firm.
Canopy Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canopy Growth'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 Canopy Growth could also be used in its relative valuation, which is a method of valuing Canopy Growth by comparing valuation metrics of similar companies.Canopy Growth is currently under evaluation in probability of bankruptcy category among related companies.
Canopy Growth Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | (0.0767) | (0.2) | (0.24) | (0.0571) | (1.36) | (0.36) | |
| Asset Turnover | 0.0259 | 0.0581 | 0.0801 | 0.0927 | 0.17 | 0.0492 | |
| Gross Profit Margin | 0.39 | (0.0795) | 0.12 | (0.37) | (0.26) | 0.44 | |
| Net Debt | (677.4M) | 428.3M | 725.0M | 629.9M | 724.4M | 760.6M | |
| Total Current Liabilities | 411.7M | 420.6M | 284.3M | 212.9M | 803.8M | 2.6M | |
| Non Current Liabilities Total | 1.3B | 2.9B | 1.8B | 875.2M | 1.0B | 886.9M | |
| Total Assets | 8.7B | 6.9B | 6.8B | 5.6B | 2.4B | 24.7M | |
| Total Current Assets | 5.1B | 2.6B | 2.8B | 1.7B | 1.1B | 9.8M | |
| Total Cash From Operating Activities | (520.5M) | (772.6M) | (465.7M) | (545.8M) | (557.5M) | (10.2M) |
Canopy Fundamentals
| Return On Equity | -1.22 | ||||
| Return On Asset | -0.0889 | ||||
| Operating Margin | (0.32) % | ||||
| Current Valuation | 1.61 B | ||||
| Shares Outstanding | 91.11 M | ||||
| Shares Owned By Institutions | 4.58 % | ||||
| Number Of Shares Shorted | 2.82 M | ||||
| Price To Book | 1.79 X | ||||
| Price To Sales | 2.69 X | ||||
| Revenue | 402.9 M | ||||
| Gross Profit | (81.94 M) | ||||
| EBITDA | (507.04 M) | ||||
| Net Income | (3.28 B) | ||||
| Cash And Equivalents | 214.55 M | ||||
| Cash Per Share | 5.54 X | ||||
| Total Debt | 556.89 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 8.18 X | ||||
| Book Value Per Share | 6.57 X | ||||
| Cash Flow From Operations | (557.55 M) | ||||
| Short Ratio | 0.45 X | ||||
| Earnings Per Share | (21.30) X | ||||
| Price To Earnings To Growth | (1.48) X | ||||
| Target Price | 6.55 | ||||
| Number Of Employees | 1.62 K | ||||
| Beta | 2.03 | ||||
| Market Capitalization | 1.11 B | ||||
| Total Asset | 2.44 B | ||||
| Retained Earnings | (7.61 B) | ||||
| Working Capital | 273.41 M | ||||
| Net Asset | 2.44 B |
About Canopy Growth Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canopy Growth Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canopy Growth using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canopy Growth 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.
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 Canopy Growth 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, Canopy Growth's short interest history, or implied volatility extrapolated from Canopy Growth options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's 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 Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. 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. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Canopy Stock analysis
When running Canopy Growth's price analysis, check to measure Canopy Growth'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 Canopy Growth is operating at the current time. Most of Canopy Growth's value examination focuses on studying past and present price action to predict the probability of Canopy Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canopy Growth's price. Additionally, you may evaluate how the addition of Canopy Growth to your portfolios can decrease your overall portfolio volatility.
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