AeroCentury Z Score

ACY -  USA Stock  

USD 36.08  1.33  3.83%

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. Please continue to AeroCentury Corp Piotroski F Score and AeroCentury Corp Valuation analysis.

Search Z Score 

 
Refresh
AeroCentury Corp Capital Expenditure is fairly stable at the moment as compared to the past year. AeroCentury Corp reported Capital Expenditure of 17.12 Million in 2020. Invested Capital is likely to rise to about 250.6 M in 2021, despite the fact that Return on Invested Capital is likely to grow to (0.13) . AeroCentury Corp Cost of Revenue is fairly stable at the moment as compared to the past year. AeroCentury Corp reported Cost of Revenue of 302,000 in 2020. Gross Profit is likely to rise to about 23.5 M in 2021, whereas Consolidated Income is likely to drop (43.4 M) in 2021.

AeroCentury Z Score Analysis

AeroCentury Corp's 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..
 2020 2021 (projected)
Current Assets2.26 M2.27 M
Total Assets93.38 M95.84 M
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 )

AeroCentury Z Score Driver Correlations

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

In accordance with the company's disclosures, AeroCentury Corp has a Z Score of 0.0. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Rental & Leasing Services industry. The z score for all United States stocks is 100.0% higher than that of the company.

AeroCentury Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AeroCentury Corp's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AeroCentury Corp could also be used in its relative valuation, which is a method of valuing AeroCentury Corp by comparing valuation metrics of similar companies.
AeroCentury Corp is currently under evaluation in z score category among related companies.

AeroCentury Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of AeroCentury Corp from analyzing AeroCentury Corp's financial statements. These drivers represent accounts that assess AeroCentury Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of AeroCentury Corp's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Average Assets193.47 M236.95 M229.13 M184.1 M118.38 M162.71 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA16.45 M23.21 M13.15 M1.72 M(21.96 M)(22.54 M)
Earnings Before Interest Taxes and Depreciation Amortization USD16.45 M23.21 M13.15 M1.72 M(21.96 M)(22.54 M)
Earnings before Tax1.97 M3.43 M(9.05 M)(21.17 M)(45.81 M)(47.01 M)
Average Equity42.19 M42.57 M44.92 M32.85 M(1.81 M)(1.86 M)
Enterprise Value137.84 M169.26 M148.27 M123.08 M123.45 M133.18 M
Free Cash Flow(36.67 M)(4.56 M)11.73 M24.98 M21.09 M22.76 M
Invested Capital342.38 M373.35 M345.84 M258.14 M179.93 M250.57 M
Invested Capital Average297.76 M375.53 M362.73 M301.35 M221.26 M273.66 M
Market Capitalization14.81 M21.59 M14.79 M6.96 M16.62 M16.15 M
Tangible Asset Value218.74 M236.41 M216.29 M149.6 M93.38 M95.84 M

AeroCentury Corp Institutional Holders

Institutional Holdings refers to the ownership stake in AeroCentury Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of AeroCentury Corp's 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 AeroCentury Corp's value.
Security TypeSharesValue
Bridgeway Capital Management LlcCommon Shares23.5 K247 K
Citadel Advisors LlcCommon Shares13.5 K142 K
Schonfeld Strategic Advisors LlcCommon Shares13.2 K139 K
Jpmorgan Chase CoCommon Shares10 K105 K
Hancock Whitney CorpCommon Shares10 K105 K
Ubs Group AgCommon Shares4.7 K49 K
Tower Research Capital Llc TrcCommon Shares1.7 K18 K

AeroCentury Fundamentals

About AeroCentury Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze AeroCentury Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AeroCentury Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AeroCentury 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.
AeroCentury Corp., together with its subsidiaries, provides leasing and finance services to regional airlines worldwide. On March 29, 2021, AeroCentury Corp., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. AeroCentury Corp operates under Rental Leasing Services classification in the United States and is traded on NYSEMKT Exchange. It employs 8 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in AeroCentury Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Focused Opportunities Now

   

Focused Opportunities

Build portfolios using our predefined set of ideas and optimize them against your investing preferences
All  Next Launch Module

Pair Trading with AeroCentury Corp

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 AeroCentury Corp 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 AeroCentury Corp will appreciate offsetting losses from the drop in the long position's value.

AeroCentury Corp Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for AeroCentury Corp and Avis Budget Group. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Please continue to AeroCentury Corp Piotroski F Score and AeroCentury Corp Valuation analysis. Note that the AeroCentury Corp information on this page should be used as a complementary analysis to other AeroCentury Corp'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for AeroCentury Stock analysis

When running AeroCentury Corp price analysis, check to measure AeroCentury Corp'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 AeroCentury Corp is operating at the current time. Most of AeroCentury Corp's value examination focuses on studying past and present price action to predict the probability of AeroCentury Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move AeroCentury Corp's price. Additionally, you may evaluate how the addition of AeroCentury Corp to your portfolios can decrease your overall portfolio volatility.
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
The market value of AeroCentury Corp is measured differently than its book value, which is the value of AeroCentury that is recorded on the company's balance sheet. Investors also form their own opinion of AeroCentury Corp's value that differs from its market value or its book value, called intrinsic value, which is AeroCentury Corp's 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 AeroCentury Corp's market value can be influenced by many factors that don't directly affect AeroCentury Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AeroCentury Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine AeroCentury Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AeroCentury Corp'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.