Avangrid Stock Z Score

AGR Stock

USD 35.71 0.23 0.64%

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 Avangrid Piotroski F Score and Avangrid Valuation analysis.

To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.

At this time, Avangrid's Capital Expenditures is relatively stable compared to the past year. As of 04/17/2024, Long Term Debt To Capitalization is likely to grow to 0.52, while Additional Paid In Capital is likely to drop slightly above 11.3 B. At this time, Avangrid's Depreciation And Amortization is relatively stable compared to the past year. As of 04/17/2024, Other Operating Expenses is likely to grow to about 7.7 B, while Net Income From Continuing Ops is likely to drop slightly above 621.6 M.

Avangrid Company Z Score Analysis

Avangrid'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..

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 )

Avangrid Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Good Will	Net Tangible Assets	Long Term Debt	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Intangible Assets	Property Plant Equipment	Long Term Debt Total	Capital Surpluse	Treasury Stock	Cash And Equivalents	Accumulated Depreciation	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.91	1.0	0.98	0.98	1.0	0.95	0.78	-0.86	0.52	0.93	0.71	0.92	0.19	0.01	0.77	0.77	-0.97	0.56	0.76	0.58	0.88	0.3	0.44	0.72	-0.08	0.43
Total Stockholder Equity	0.99		0.87	0.99	0.97	0.97	0.98	0.93	0.75	-0.88	0.48	0.94	0.69	0.89	0.14	0.06	0.72	0.74	-0.97	0.53	0.73	0.57	0.87	0.27	0.4	0.68	-0.09	0.4
Net Debt	0.91	0.87		0.9	0.94	0.91	0.93	0.89	0.88	-0.69	0.75	0.74	0.78	0.93	0.18	-0.3	0.86	0.88	-0.8	0.68	0.87	0.68	0.79	0.28	0.65	0.88	-0.19	0.63
Retained Earnings	1.0	0.99	0.9		0.97	0.97	0.99	0.92	0.78	-0.88	0.5	0.94	0.68	0.9	0.2	0.06	0.76	0.78	-0.97	0.54	0.73	0.55	0.89	0.25	0.43	0.69	-0.12	0.42
Accounts Payable	0.98	0.97	0.94	0.97		0.99	0.98	0.93	0.8	-0.81	0.58	0.87	0.78	0.94	0.13	-0.12	0.77	0.8	-0.92	0.67	0.83	0.66	0.9	0.28	0.47	0.8	-0.12	0.46
Net Receivables	0.98	0.97	0.91	0.97	0.99		0.97	0.93	0.79	-0.79	0.58	0.88	0.75	0.91	0.09	-0.05	0.7	0.79	-0.92	0.59	0.78	0.65	0.85	0.2	0.48	0.76	-0.17	0.47
Total Liab	1.0	0.98	0.93	0.99	0.98	0.97		0.95	0.79	-0.85	0.53	0.92	0.7	0.92	0.24	0.0	0.81	0.79	-0.96	0.58	0.77	0.56	0.89	0.32	0.45	0.73	-0.06	0.44
Total Current Assets	0.95	0.93	0.89	0.92	0.93	0.93	0.95		0.65	-0.76	0.51	0.85	0.78	0.91	0.11	-0.06	0.79	0.65	-0.89	0.55	0.8	0.62	0.8	0.52	0.41	0.79	0.16	0.4
Short Term Debt	0.78	0.75	0.88	0.78	0.8	0.79	0.79	0.65		-0.63	0.83	0.61	0.6	0.77	0.11	-0.35	0.69	0.99	-0.68	0.62	0.7	0.62	0.71	-0.1	0.77	0.72	-0.55	0.76
Common Stock	-0.86	-0.88	-0.69	-0.88	-0.81	-0.79	-0.85	-0.76	-0.63		-0.25	-0.9	-0.5	-0.75	-0.25	-0.24	-0.62	-0.6	0.91	-0.39	-0.55	-0.36	-0.79	-0.25	-0.24	-0.47	0.02	-0.24
Current Deferred Revenue	0.52	0.48	0.75	0.5	0.58	0.58	0.53	0.51	0.83	-0.25		0.25	0.63	0.58	-0.25	-0.57	0.52	0.83	-0.32	0.5	0.62	0.73	0.37	-0.11	0.93	0.78	-0.52	0.91
Good Will	0.93	0.94	0.74	0.94	0.87	0.88	0.92	0.85	0.61	-0.9	0.25		0.58	0.83	0.28	0.28	0.69	0.61	-0.98	0.45	0.63	0.43	0.85	0.27	0.27	0.52	0.0	0.28
Net Tangible Assets	0.71	0.69	0.78	0.68	0.78	0.75	0.7	0.78	0.6	-0.5	0.63	0.58		0.9	-0.14	-0.47	0.71	0.6	-0.6	0.76	0.95	0.95	0.6	0.38	0.62	0.95	-0.01	0.63
Long Term Debt	0.92	0.89	0.93	0.9	0.94	0.91	0.92	0.91	0.77	-0.75	0.58	0.83	0.9		0.18	-0.26	0.88	0.77	-0.86	0.75	0.95	0.78	0.83	0.39	0.56	0.89	-0.05	0.56
Short Term Investments	0.19	0.14	0.18	0.2	0.13	0.09	0.24	0.11	0.11	-0.25	-0.25	0.28	-0.14	0.18		0.13	0.39	0.13	-0.3	0.17	0.12	-0.33	0.33	0.29	-0.22	-0.08	0.19	-0.22
Deferred Long Term Liab	0.01	0.06	-0.3	0.06	-0.12	-0.05	0.0	-0.06	-0.35	-0.24	-0.57	0.28	-0.47	-0.26	0.13		-0.23	-0.37	-0.18	-0.62	-0.51	-0.56	-0.09	-0.12	-0.48	-0.58	0.16	-0.47
Long Term Investments	0.77	0.72	0.86	0.76	0.77	0.7	0.81	0.79	0.69	-0.62	0.52	0.69	0.71	0.88	0.39	-0.23		0.69	-0.72	0.64	0.85	0.57	0.7	0.52	0.54	0.77	0.04	0.54
Short Long Term Debt	0.77	0.74	0.88	0.78	0.8	0.79	0.79	0.65	0.99	-0.6	0.83	0.61	0.6	0.77	0.13	-0.37	0.69		-0.68	0.66	0.71	0.62	0.74	-0.1	0.77	0.72	-0.54	0.75
Intangible Assets	-0.97	-0.97	-0.8	-0.97	-0.92	-0.92	-0.96	-0.89	-0.68	0.91	-0.32	-0.98	-0.6	-0.86	-0.3	-0.18	-0.72	-0.68		-0.5	-0.67	-0.44	-0.9	-0.3	-0.28	-0.56	0.01	-0.28
Property Plant Equipment	0.56	0.53	0.68	0.54	0.67	0.59	0.58	0.55	0.62	-0.39	0.5	0.45	0.76	0.75	0.17	-0.62	0.64	0.66	-0.5		0.82	0.69	0.77	0.3	0.47	0.76	-0.06	0.48
Long Term Debt Total	0.76	0.73	0.87	0.73	0.83	0.78	0.77	0.8	0.7	-0.55	0.62	0.63	0.95	0.95	0.12	-0.51	0.85	0.71	-0.67	0.82		0.85	0.7	0.42	0.6	0.96	-0.04	0.6
Capital Surpluse	0.58	0.57	0.68	0.55	0.66	0.65	0.56	0.62	0.62	-0.36	0.73	0.43	0.95	0.78	-0.33	-0.56	0.57	0.62	-0.44	0.69	0.85		0.45	0.16	0.74	0.91	-0.23	0.74
Treasury Stock	0.88	0.87	0.79	0.89	0.9	0.85	0.89	0.8	0.71	-0.79	0.37	0.85	0.6	0.83	0.33	-0.09	0.7	0.74	-0.9	0.77	0.7	0.45		0.31	0.3	0.6	-0.02	0.3
Cash And Equivalents	0.3	0.27	0.28	0.25	0.28	0.2	0.32	0.52	-0.1	-0.25	-0.11	0.27	0.38	0.39	0.29	-0.12	0.52	-0.1	-0.3	0.3	0.42	0.16	0.31		-0.15	0.35	0.85	-0.15
Accumulated Depreciation	0.44	0.4	0.65	0.43	0.47	0.48	0.45	0.41	0.77	-0.24	0.93	0.27	0.62	0.56	-0.22	-0.48	0.54	0.77	-0.28	0.47	0.6	0.74	0.3	-0.15		0.71	-0.53	1.0
Net Invested Capital	0.72	0.68	0.88	0.69	0.8	0.76	0.73	0.79	0.72	-0.47	0.78	0.52	0.95	0.89	-0.08	-0.58	0.77	0.72	-0.56	0.76	0.96	0.91	0.6	0.35	0.71		-0.11	0.71
Net Working Capital	-0.08	-0.09	-0.19	-0.12	-0.12	-0.17	-0.06	0.16	-0.55	0.02	-0.52	0.0	-0.01	-0.05	0.19	0.16	0.04	-0.54	0.01	-0.06	-0.04	-0.23	-0.02	0.85	-0.53	-0.11		-0.52
Capital Stock	0.43	0.4	0.63	0.42	0.46	0.47	0.44	0.4	0.76	-0.24	0.91	0.28	0.63	0.56	-0.22	-0.47	0.54	0.75	-0.28	0.48	0.6	0.74	0.3	-0.15	1.0	0.71	-0.52

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

Predict Avangrid

In accordance with the company's disclosures, Avangrid has a Z Score of 0.0. This is 100.0% lower than that of the Electric Utilities sector and about the same as Utilities (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Avangrid Current Valuation Drivers

We derive many important indicators used in calculating different scores of Avangrid from analyzing Avangrid's financial statements. These drivers represent accounts that assess Avangrid's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Avangrid's important valuation drivers and their relationship over time.

		2019	2020	2021	2022	2023	2024 (projected)
Market Cap		15.8B	14.1B	17.9B	16.6B	12.5B	13.2B

Avangrid Institutional Holders

Institutional Holdings refers to the ownership stake in Avangrid that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Avangrid'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 Avangrid's value.

		Shares
Jpmorgan Chase & Co	2023-12-31	821.3 K
Millennium Management Llc	2023-12-31	776.6 K
Two Sigma Advisers, Llc	2023-12-31	610.2 K
Squarepoint Ops Llc	2023-12-31	609.6 K
Charles Schwab Investment Management Inc	2023-12-31	609 K
Goldman Sachs Group Inc	2023-12-31	604.1 K
Two Sigma Investments Llc	2023-12-31	555.1 K
Aqr Capital Management Llc	2023-12-31	508.1 K
Voloridge Investment Management, Llc	2023-09-30	458.8 K
Vanguard Group Inc	2023-12-31	7.7 M
Atlas Infrastructure Partners (uk) Ltd	2023-12-31	6.8 M

Avangrid Fundamentals

	Return On Equity	0.0324
	Return On Asset	0.014
	Profit Margin	0.09 %
	Operating Margin	0.20 %
	Current Valuation	27.09 B
	Shares Outstanding	386.77 M
	Shares Owned By Insiders	81.60 %
	Shares Owned By Institutions	13.72 %
	Number Of Shares Shorted	3.4 M
	Price To Earning	19.42 X
	Price To Book	0.70 X
	Price To Sales	1.66 X
	Revenue	8.31 B
	Gross Profit	2.6 B
	EBITDA	2.14 B
	Net Income	665 M
	Cash And Equivalents	69 M
	Cash Per Share	1.06 X
	Total Debt	12.2 B
	Debt To Equity	0.41 %
	Current Ratio	0.89 X
	Book Value Per Share	50.80 X
	Cash Flow From Operations	919 M
	Short Ratio	2.60 X
	Earnings Per Share	2.03 X
	Price To Earnings To Growth	1.62 X
	Target Price	35.58
	Number Of Employees	8 K
	Beta	0.56
	Market Capitalization	13.9 B
	Total Asset	43.99 B
	Retained Earnings	2.02 B
	Working Capital	(1.83 B)
	Current Asset	2.47 B
	Current Liabilities	2.04 B
	Annual Yield	0.05 %
	Five Year Return	3.58 %
	Net Asset	43.99 B
	Last Dividend Paid	1.76

About Avangrid Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Avangrid's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avangrid using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avangrid 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.

Avangrid Investors Sentiment

The influence of Avangrid's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Avangrid. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Avangrid's public news can be used to forecast risks associated with an investment in Avangrid. The trend in average sentiment can be used to explain how an investor holding Avangrid can time the market purely based on public headlines and social activities around Avangrid. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Avangrid's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Avangrid's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Avangrid's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Avangrid.

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 Avangrid 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, Avangrid's short interest history, or implied volatility extrapolated from Avangrid options trading.

Pair Trading with Avangrid

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

Moving together with Avangrid Stock

0.9	D	Dominion Energy Financial Report 3rd of May 2024	Pair Corr
0.79	ES	Eversource Energy Financial Report 1st of May 2024	Pair Corr
0.81	FE	FirstEnergy Financial Report 25th of April 2024	Pair Corr

Moving against Avangrid Stock

0.88	HE	Hawaiian Electric Financial Report 14th of May 2024	Pair Corr
0.42	EDN	Empresa Distribuidora Financial Report 9th of May 2024	Pair Corr

The ability to find closely correlated positions to Avangrid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avangrid 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 Avangrid - 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 Avangrid to buy it.

The correlation of Avangrid 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 Avangrid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avangrid 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 Avangrid 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 Correlation Correlation Matching

When determining whether Avangrid is a strong investment it is important to analyze Avangrid's 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 Avangrid's future performance. For an informed investment choice regarding Avangrid Stock, refer to the following important reports:

How To Invest In Avangrid

Details

Is Avangrid Stock a good investment?

Details

What is Avangrid's Net Worth?

Details

Largest Electric Utilities Companies

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Largest Utilities - Regulated Electric Companies

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Check out Avangrid Piotroski F Score and Avangrid Valuation analysis.

To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.

Note that the Avangrid information on this page should be used as a complementary analysis to other Avangrid'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Avangrid Stock analysis

When running Avangrid's price analysis, check to measure Avangrid'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 Avangrid is operating at the current time. Most of Avangrid's value examination focuses on studying past and present price action to predict the probability of Avangrid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avangrid's price. Additionally, you may evaluate how the addition of Avangrid to your portfolios can decrease your overall portfolio volatility.

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Is Avangrid'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 Avangrid. If investors know Avangrid 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 Avangrid 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

1.773

Dividend Share

1.76

Earnings Share

2.03

Revenue Per Share

21.481

Quarterly Revenue Growth

0.057

The market value of Avangrid is measured differently than its book value, which is the value of Avangrid that is recorded on the company's balance sheet. Investors also form their own opinion of Avangrid's value that differs from its market value or its book value, called intrinsic value, which is Avangrid'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 Avangrid's market value can be influenced by many factors that don't directly affect Avangrid'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 Avangrid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avangrid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avangrid'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.

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Avangrid Stock Z Score

Avangrid Company Z Score Analysis

Z Score

Sum Of

5 Factors

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 )

Avangrid Z Score Driver Correlations

Avangrid Current Valuation Drivers

Avangrid Institutional Holders

Avangrid Fundamentals

About Avangrid Fundamental Analysis

Avangrid Investors Sentiment

Pair Trading with Avangrid

Moving together with Avangrid Stock

Moving against Avangrid Stock

Complementary Tools for Avangrid Stock analysis

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