Agree Realty Stock Z Score

ADC Stock  USD 56.68  0.93  1.67%   
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 out Agree Realty Piotroski F Score and Agree Realty Valuation analysis.
For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.
  
At present, Agree Realty's Additional Paid In Capital is projected to increase significantly based on the last few years of reporting. The current year's Change In Working Capital is expected to grow to about 5.7 M, whereas Net Invested Capital is forecasted to decline to about 4.5 B. At present, Agree Realty's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 36.5 M, whereas Total Operating Expenses is forecasted to decline to about 30.6 M.

Agree Z Score Analysis

Agree Realty'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..
 2021 2022 2023 2024 (projected)
Gross Profit298.3M377.5M297.8M312.7M
Total Revenue363.6M463.2M537.5M564.4M

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Agree Realty Z Score

    
  1.56  
Most of Agree Realty's fundamental indicators, such as Z Score, 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, Agree Realty is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

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 )

Agree Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Agree Realty is extremely important. It helps to project a fair market value of Agree Stock properly, considering its historical fundamentals such as Z Score. Since Agree Realty'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 Agree Realty'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 Agree Realty's interrelated accounts and indicators.
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Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores 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 highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

In accordance with the company's disclosures, Agree Realty has a Z Score of 1.56. This is 13.87% higher than that of the Diversified REITs sector and significantly higher than that of the Real Estate industry. The z score for all United States stocks is 82.11% higher than that of the company.

Agree Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Agree Realty'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 Agree Realty could also be used in its relative valuation, which is a method of valuing Agree Realty by comparing valuation metrics of similar companies.
Agree Realty is currently under evaluation in z score category among related companies.

Agree Realty Institutional Holders

Institutional Holdings refers to the ownership stake in Agree Realty that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Agree Realty'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 Agree Realty's value.
Shares
Amvescap Plc.2023-12-31
1.8 M
Charles Schwab Investment Management Inc2023-12-31
1.5 M
Thrivent Financial For Lutherans2023-12-31
1.4 M
Dimensional Fund Advisors, Inc.2023-12-31
1.4 M
Nuveen Asset Management, Llc2023-12-31
1.3 M
Bank Of New York Mellon Corp2023-12-31
1.3 M
Daiwa Securities Group Inc2023-12-31
1.2 M
Cohen & Steers Inc2023-12-31
1.2 M
Norges Bank2023-12-31
1.1 M
Vanguard Group Inc2023-12-31
14.2 M
Blackrock Inc2023-12-31
12.6 M

Agree Fundamentals

About Agree Realty Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Agree Realty's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Agree Realty using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Agree Realty 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.
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. The Companys common stock is listed on the New York Stock Exchange under the symbol ADC. Agree Realty operates under REITRetail classification in the United States and is traded on New York Stock Exchange. It employs 57 people.

Pair Trading with Agree Realty

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 Agree Realty 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 Agree Realty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agree Stock

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Moving against Agree Stock

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The ability to find closely correlated positions to Agree Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agree Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agree Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agree Realty to buy it.
The correlation of Agree Realty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agree Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agree Realty moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agree Realty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Agree Realty offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Agree Realty'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 Agree Realty Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agree Realty Stock:
Check out Agree Realty Piotroski F Score and Agree Realty Valuation analysis.
For information on how to trade Agree Stock refer to our How to Trade Agree Stock guide.
Note that the Agree Realty information on this page should be used as a complementary analysis to other Agree Realty'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Agree Stock analysis

When running Agree Realty's price analysis, check to measure Agree Realty'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 Agree Realty is operating at the current time. Most of Agree Realty's value examination focuses on studying past and present price action to predict the probability of Agree Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agree Realty's price. Additionally, you may evaluate how the addition of Agree Realty to your portfolios can decrease your overall portfolio volatility.
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Is Agree Realty's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agree Realty. If investors know Agree will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agree Realty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
2.919
Earnings Share
1.7
Revenue Per Share
5.646
Quarterly Revenue Growth
0.237
The market value of Agree Realty is measured differently than its book value, which is the value of Agree that is recorded on the company's balance sheet. Investors also form their own opinion of Agree Realty's value that differs from its market value or its book value, called intrinsic value, which is Agree Realty'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 Agree Realty's market value can be influenced by many factors that don't directly affect Agree Realty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agree Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agree Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agree Realty'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.