American Software Stock Z Score

AMSWA Stock

USD 10.51 0.03 0.29%

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 American Software Piotroski F Score and American Software Valuation analysis.

For information on how to trade American Stock refer to our How to Trade American Stock guide.

As of April 24, 2024, Capital Surpluse is expected to decline to about 148.2 M. In addition to that, Net Invested Capital is expected to decline to about 132.8 M. At present, American Software's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Other Income Expense Net is expected to grow to about 2.8 M, whereas Depreciation And Amortization is forecasted to decline to about 90.6 K.

American Software Company Z Score Analysis

American Software'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 )

American Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Accounts Payable	Short Term Investments	Common Stock	Current Deferred Revenue	Short Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		1.0	-0.83	-0.83	0.94	0.99	0.98	-0.17	-0.4	-0.34	0.99	0.8	-0.51	0.81	-0.63	-0.55	0.83	0.89	0.5	-0.62	0.76	0.72	0.58
Total Stockholder Equity	1.0		-0.82	-0.83	0.95	0.98	0.98	-0.2	-0.36	-0.31	0.99	0.8	-0.54	0.81	-0.59	-0.51	0.86	0.9	0.5	-0.64	0.79	0.74	0.61
Net Debt	-0.83	-0.82		0.91	-0.77	-0.82	-0.88	0.49	0.18	0.43	-0.78	-0.83	0.76	-0.78	0.5	0.35	-0.86	-0.86	-0.49	0.84	-0.76	-0.82	-0.57
Retained Earnings	-0.83	-0.83	0.91		-0.85	-0.79	-0.85	0.55	0.24	0.37	-0.82	-0.94	0.83	-0.9	0.46	0.33	-0.89	-0.91	-0.38	0.82	-0.87	-0.88	-0.75
Net Receivables	0.94	0.95	-0.77	-0.85		0.92	0.93	-0.31	-0.36	-0.34	0.95	0.79	-0.59	0.79	-0.48	-0.44	0.86	0.89	0.45	-0.64	0.82	0.77	0.69
Total Liab	0.99	0.98	-0.82	-0.79	0.92		0.96	-0.09	-0.45	-0.39	0.96	0.76	-0.44	0.78	-0.7	-0.62	0.77	0.83	0.51	-0.57	0.68	0.65	0.49
Total Current Assets	0.98	0.98	-0.88	-0.85	0.93	0.96		-0.31	-0.29	-0.33	0.97	0.78	-0.61	0.76	-0.53	-0.44	0.9	0.92	0.48	-0.71	0.8	0.8	0.61
Intangible Assets	-0.17	-0.2	0.49	0.55	-0.31	-0.09	-0.31		-0.46	-0.05	-0.18	-0.43	0.77	-0.29	-0.41	-0.51	-0.66	-0.55	0.08	0.62	-0.68	-0.79	-0.68
Accounts Payable	-0.4	-0.36	0.18	0.24	-0.36	-0.45	-0.29	-0.46		0.72	-0.42	-0.24	-0.05	-0.27	0.82	0.93	0.02	-0.03	0.02	-0.12	0.06	0.06	0.04
Short Term Investments	-0.34	-0.31	0.43	0.37	-0.34	-0.39	-0.33	-0.05	0.72		-0.35	-0.28	0.37	-0.23	0.58	0.67	-0.15	-0.14	-0.02	0.16	-0.06	-0.21	-0.09
Common Stock	0.99	0.99	-0.78	-0.82	0.95	0.96	0.97	-0.18	-0.42	-0.35		0.8	-0.53	0.8	-0.58	-0.54	0.84	0.89	0.45	-0.61	0.79	0.74	0.65
Current Deferred Revenue	0.8	0.8	-0.83	-0.94	0.79	0.76	0.78	-0.43	-0.24	-0.28	0.8		-0.67	0.98	-0.46	-0.37	0.82	0.88	0.45	-0.73	0.86	0.79	0.8
Short Term Debt	-0.51	-0.54	0.76	0.83	-0.59	-0.44	-0.61	0.77	-0.05	0.37	-0.53	-0.67		-0.59	0.09	-0.03	-0.79	-0.76	-0.11	0.8	-0.76	-0.86	-0.69
Good Will	0.81	0.81	-0.78	-0.9	0.79	0.78	0.76	-0.29	-0.27	-0.23	0.8	0.98	-0.59		-0.51	-0.43	0.76	0.85	0.54	-0.71	0.81	0.7	0.72
Treasury Stock	-0.63	-0.59	0.5	0.46	-0.48	-0.7	-0.53	-0.41	0.82	0.58	-0.58	-0.46	0.09	-0.51		0.94	-0.19	-0.28	-0.3	0.17	-0.09	-0.08	0.07
Property Plant Equipment	-0.55	-0.51	0.35	0.33	-0.44	-0.62	-0.44	-0.51	0.93	0.67	-0.54	-0.37	-0.03	-0.43	0.94		-0.09	-0.17	-0.26	0.06	-0.01	0.01	0.04
Net Tangible Assets	0.83	0.86	-0.86	-0.89	0.86	0.77	0.9	-0.66	0.02	-0.15	0.84	0.82	-0.79	0.76	-0.19	-0.09		0.98	0.36	-0.8	0.97	0.96	0.84
Capital Surpluse	0.89	0.9	-0.86	-0.91	0.89	0.83	0.92	-0.55	-0.03	-0.14	0.89	0.88	-0.76	0.85	-0.28	-0.17	0.98		0.45	-0.8	0.96	0.92	0.81
Deferred Long Term Liab	0.5	0.5	-0.49	-0.38	0.45	0.51	0.48	0.08	0.02	-0.02	0.45	0.45	-0.11	0.54	-0.3	-0.26	0.36	0.45		-0.59	0.34	0.23	0.19
Long Term Investments	-0.62	-0.64	0.84	0.82	-0.64	-0.57	-0.71	0.62	-0.12	0.16	-0.61	-0.73	0.8	-0.71	0.17	0.06	-0.8	-0.8	-0.59		-0.76	-0.79	-0.62
Net Invested Capital	0.76	0.79	-0.76	-0.87	0.82	0.68	0.8	-0.68	0.06	-0.06	0.79	0.86	-0.76	0.81	-0.09	-0.01	0.97	0.96	0.34	-0.76		0.95	0.93
Net Working Capital	0.72	0.74	-0.82	-0.88	0.77	0.65	0.8	-0.79	0.06	-0.21	0.74	0.79	-0.86	0.7	-0.08	0.01	0.96	0.92	0.23	-0.79	0.95		0.87
Capital Stock	0.58	0.61	-0.57	-0.75	0.69	0.49	0.61	-0.68	0.04	-0.09	0.65	0.8	-0.69	0.72	0.07	0.04	0.84	0.81	0.19	-0.62	0.93	0.87

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 American Software

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

American Software Institutional Holders

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

		Shares
John G Ullman & Associates Inc	2023-12-31	614.7 K
Millennium Management Llc	2023-09-30	599.5 K
Cove Street Capital, Llc	2023-12-31	571 K
Ranger Investment Management Lp	2023-12-31	465 K
Morgan Stanley - Brokerage Accounts	2023-09-30	414.2 K
Acadian Asset Management Llc	2023-09-30	361.8 K
Herald Investment Management Ltd	2023-12-31	345 K
Wellington Management Company Llp	3030-12-31	342.1 K
Northern Trust Corp	2023-09-30	342.1 K
Blackrock Inc	2023-12-31	2.6 M
Vanguard Group Inc	2023-09-30	2.3 M

American Fundamentals

	Return On Equity	0.0808
	Return On Asset	0.0226
	Profit Margin	0.10 %
	Operating Margin	0.04 %
	Current Valuation	269.84 M
	Shares Outstanding	31.4 M
	Shares Owned By Insiders	1.24 %
	Shares Owned By Institutions	71.91 %
	Number Of Shares Shorted	311.11 K
	Price To Earning	83.57 X
	Price To Book	2.85 X
	Price To Sales	3.13 X
	Revenue	123.66 M
	Gross Profit	75.8 M
	EBITDA	10.66 M
	Net Income	10.42 M
	Cash And Equivalents	114.83 M
	Cash Per Share	3.41 X
	Total Debt	476 K
	Debt To Equity	0.01 %
	Current Ratio	2.73 X
	Book Value Per Share	3.95 X
	Cash Flow From Operations	524 K
	Short Ratio	1.47 X
	Earnings Per Share	0.31 X
	Price To Earnings To Growth	2.19 X
	Target Price	16.33
	Number Of Employees	327
	Beta	0.69
	Market Capitalization	348.15 M
	Total Asset	195.95 M
	Retained Earnings	(21.7 M)
	Working Capital	93.81 M
	Current Asset	94.09 M
	Current Liabilities	39.29 M
	Annual Yield	0.04 %
	Five Year Return	2.84 %
	Net Asset	195.95 M
	Last Dividend Paid	0.44

About American Software Fundamental Analysis

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

Pair Trading with American Software

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

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

The correlation of American Software 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 American Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Software 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 American Software 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 American Software offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of American Software'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 American Software Stock. Outlined below are crucial reports that will aid in making a well-informed decision on American Software Stock:

How To Invest In American

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Is American Stock a good investment?

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What is American Software's Net Worth?

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Check out American Software Piotroski F Score and American Software Valuation analysis.

For information on how to trade American Stock refer to our How to Trade American Stock guide.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for American Stock analysis

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

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Is American Software'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 American Software. If investors know American 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 American Software 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

0.293

Dividend Share

0.44

Earnings Share

0.31

Revenue Per Share

3.523

Quarterly Revenue Growth

(0.07)

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

American Software 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 )

American Z Score Driver Correlations

American Software Institutional Holders

American Fundamentals

About American Software Fundamental Analysis

Pair Trading with American Software

Complementary Tools for American Stock analysis

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