Alcoa Z Score

AA -- USA Stock

USD 40.321.242.98%

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 also Alcoa Piotroski F Score and Alcoa Valuation analysis.
 Symbol

Z Score Analysis

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 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 late 1960s at New York University..
Alcoa
 Z Score = Sum Of 5 Factors
=
3.0
 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 )

Distress Driver Correlations

To calculate Z-Score one would need to know current working capital of the company, its total assets and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in 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 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 high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
 Compare to competition Predict Alcoa

Income

Alcoa Income Change Over Time

Accumulated Other Comprehensive Income

Alcoa Corporation has Z Score of 3.0. This is 99.11% lower than that of the Basic Materials sector, and significantly higher than that of Non-ferrous Metals Production And Products industry, The Z Score for all stocks is 99.58% higher than the company.

Peer Comparison

Alcoa Z Score Comparison
 Z Score
 Alcoa Comparables
Alcoa is rated below average in z score category among related companies.

Current Alcoa financial ratios

 Return On Equity 6.70 % Return On Asset 5.73 % Profit Margin 1.17 % Operating Margin 19.29 % Current Valuation 9.32 B Shares Outstanding 186.46 M Shares Owned by Insiders 6.85 % Number of Shares Shorted 4.94 M Price to Earning 53.12 times Price to Book 1.40 times Price to Sales 0.62 times Revenue 12.09 B Gross Profit 2.59 B EBITDA 2.33 B Net Income 142 M Cash and Equivalents 1.2 B Cash per Share 6.41 times Total Debt 1.46 B Debt to Equity 19.40 % Current Ratio 1.39 times Book Value Per Share 28.79 times Cash Flow from Operations 1.3 B Short Ratio 1.61 times Earnings Per Share 0.76 times Price to Earnings To Growth 5.61 times Number of Employees 14.6 K Beta 0.69 Market Capitalization 7.52 B Total Asset 16.41 B Retained Earnings 8.83 B Working Capital 162 M Current Asset 2.57 B Current Liabilities 2.4 B Z Score 3.0

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