Adams Resources Energy Stock Z Score

AE Stock  USD 29.00  1.91  7.05%   
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 Adams Resources Piotroski F Score and Adams Resources Valuation analysis.
  
At present, Adams Resources' Capital Stock is projected to decrease significantly based on the last few years of reporting. The current year's Capital Expenditures is expected to grow to about 14 M, whereas Net Invested Capital is forecasted to decline to about 112.8 M. At present, Adams Resources' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 19.4 M, whereas Total Revenue is forecasted to decline to about 2.2 B.

Adams Z Score Analysis

Adams Resources' 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)
Interest Expense746K1.3M3.4M3.6M
Depreciation And Amortization20.0M23.6M27.9M29.3M

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Adams Resources Z Score

    
  8.99  
Most of Adams Resources' 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, Adams Resources Energy 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 )

Adams Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Adams Resources is extremely important. It helps to project a fair market value of Adams Stock properly, considering its historical fundamentals such as Z Score. Since Adams Resources' 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 Adams Resources' 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 Adams Resources' interrelated accounts and indicators.
-0.090.62-0.120.60.880.430.060.90.960.010.90.72-0.030.25-0.020.540.030.260.560.22-0.060.13-0.02-0.12-0.12
-0.09-0.380.74-0.41-0.07-0.38-0.650.1-0.320.59-0.16-0.340.580.050.740.42-0.50.560.350.65-0.690.71-0.34-0.61-0.45
0.62-0.38-0.741.00.280.340.320.210.65-0.370.280.88-0.20.55-0.250.010.69-0.220.15-0.230.4-0.20.470.320.42
-0.120.74-0.74-0.750.16-0.2-0.490.27-0.280.680.09-0.510.54-0.330.530.57-0.830.570.360.63-0.850.64-0.7-0.69-0.71
0.6-0.411.0-0.750.280.350.340.190.65-0.40.280.89-0.220.56-0.29-0.010.71-0.270.12-0.260.41-0.230.480.340.44
0.88-0.070.280.160.280.510.140.940.880.010.970.47-0.120.15-0.140.55-0.180.180.50.17-0.190.1-0.16-0.11-0.19
0.43-0.380.34-0.20.350.510.440.350.49-0.460.470.23-0.490.1-0.550.120.37-0.360.33-0.340.2-0.430.220.430.29
0.06-0.650.32-0.490.340.140.44-0.10.23-0.710.080.27-0.490.09-0.82-0.460.34-0.53-0.06-0.810.45-0.630.310.610.41
0.90.10.210.270.190.940.35-0.10.830.220.950.40.070.00.120.66-0.340.450.610.4-0.30.27-0.29-0.33-0.39
0.96-0.320.65-0.280.650.880.490.230.83-0.160.910.75-0.210.29-0.210.370.170.050.410.030.13-0.060.090.060.03
0.010.59-0.370.68-0.40.01-0.46-0.710.22-0.160.04-0.10.89-0.290.820.75-0.620.780.450.9-0.810.91-0.74-0.94-0.79
0.9-0.160.280.090.280.970.470.080.950.910.040.48-0.120.04-0.10.55-0.170.210.470.22-0.110.07-0.17-0.13-0.21
0.72-0.340.88-0.510.890.470.230.270.40.75-0.10.480.040.46-0.160.30.42-0.060.24-0.030.10.030.110.020.11
-0.030.58-0.20.54-0.22-0.12-0.49-0.490.07-0.210.89-0.120.04-0.270.740.64-0.520.770.490.72-0.810.91-0.71-0.91-0.78
0.250.050.55-0.330.560.150.10.090.00.29-0.290.040.46-0.27-0.16-0.150.47-0.35-0.06-0.170.2-0.120.420.30.45
-0.020.74-0.250.53-0.29-0.14-0.55-0.820.12-0.210.82-0.1-0.160.74-0.160.52-0.390.660.360.91-0.550.79-0.35-0.76-0.5
0.540.420.010.57-0.010.550.12-0.460.660.370.750.550.30.64-0.150.52-0.430.640.680.78-0.770.75-0.63-0.76-0.67
0.03-0.50.69-0.830.71-0.180.370.34-0.340.17-0.62-0.170.42-0.520.47-0.39-0.43-0.73-0.28-0.480.73-0.520.810.720.85
0.260.56-0.220.57-0.270.18-0.36-0.530.450.050.780.21-0.060.77-0.350.660.64-0.730.580.7-0.690.8-0.67-0.84-0.83
0.560.350.150.360.120.50.33-0.060.610.410.450.470.240.49-0.060.360.68-0.280.580.47-0.530.53-0.39-0.52-0.48
0.220.65-0.230.63-0.260.17-0.34-0.810.40.030.90.22-0.030.72-0.170.910.78-0.480.70.47-0.680.84-0.5-0.82-0.61
-0.06-0.690.4-0.850.41-0.190.20.45-0.30.13-0.81-0.110.1-0.810.2-0.55-0.770.73-0.69-0.53-0.68-0.820.850.870.85
0.130.71-0.20.64-0.230.1-0.43-0.630.27-0.060.910.070.030.91-0.120.790.75-0.520.80.530.84-0.82-0.62-0.89-0.71
-0.02-0.340.47-0.70.48-0.160.220.31-0.290.09-0.74-0.170.11-0.710.42-0.35-0.630.81-0.67-0.39-0.50.85-0.620.850.96
-0.12-0.610.32-0.690.34-0.110.430.61-0.330.06-0.94-0.130.02-0.910.3-0.76-0.760.72-0.84-0.52-0.820.87-0.890.850.92
-0.12-0.450.42-0.710.44-0.190.290.41-0.390.03-0.79-0.210.11-0.780.45-0.5-0.670.85-0.83-0.48-0.610.85-0.710.960.92
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, Adams Resources Energy has a Z Score of 8.99. This is 303.14% higher than that of the Oil, Gas & Consumable Fuels sector and 249.81% higher than that of the Energy industry. The z score for all United States stocks is 3.1% lower than that of the firm.

Adams Z Score Peer Comparison

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

Adams Fundamentals

About Adams Resources Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Adams Resources Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Adams Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Adams Resources Energy 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.
Adams Resources Energy, Inc., through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage in various crude oil and natural gas basins in the United States. Adams Resources Energy, Inc. was founded in 1947 and is headquartered in Houston, Texas. Adams Resources operates under Oil Gas Refining Marketing classification in the United States and is traded on AMEX Exchange. It employs 710 people.
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 Adams Resources 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, Adams Resources' short interest history, or implied volatility extrapolated from Adams Resources options trading.

Pair Trading with Adams Resources

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 Adams Resources 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 Adams Resources will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Adams Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adams Resources 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 Adams Resources - 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 Adams Resources Energy to buy it.
The correlation of Adams Resources 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 Adams Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adams Resources Energy 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 Adams Resources 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 Adams Resources Energy is a strong investment it is important to analyze Adams Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Adams Resources' future performance. For an informed investment choice regarding Adams Stock, refer to the following important reports:
Check out Adams Resources Piotroski F Score and Adams Resources Valuation analysis.
Note that the Adams Resources Energy information on this page should be used as a complementary analysis to other Adams Resources' 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Adams Stock analysis

When running Adams Resources' price analysis, check to measure Adams Resources' 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 Adams Resources is operating at the current time. Most of Adams Resources' value examination focuses on studying past and present price action to predict the probability of Adams Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adams Resources' price. Additionally, you may evaluate how the addition of Adams Resources to your portfolios can decrease your overall portfolio volatility.
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Is Adams Resources' 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 Adams Resources. If investors know Adams 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 Adams Resources 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
0.763
Dividend Share
0.96
Earnings Share
0.08
Revenue Per Share
1.1 K
Quarterly Revenue Growth
(0.05)
The market value of Adams Resources Energy is measured differently than its book value, which is the value of Adams that is recorded on the company's balance sheet. Investors also form their own opinion of Adams Resources' value that differs from its market value or its book value, called intrinsic value, which is Adams Resources' 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 Adams Resources' market value can be influenced by many factors that don't directly affect Adams Resources' 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 Adams Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Adams Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adams Resources' 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.