Barnes Z Score

B Stock

USD 38.80 0.85 2.24%

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. Continue to Barnes Piotroski F Score and Barnes Valuation analysis.

Barnes Return on Invested Capital is projected to slightly decrease based on the last few years of reporting. The past year's Return on Invested Capital was at 0.04. The current year Invested Capital is expected to grow to about 1.5 B, whereas Capital Expenditure is forecasted to decline to (35.9 M). Barnes Consolidated Income is projected to decrease significantly based on the last few years of reporting. The past year's Consolidated Income was at 13.48 Million. The current year Cost of Revenue is expected to grow to about 916.4 M, whereas Direct Expenses is forecasted to decline to about 787.4 M.

Barnes Z Score Analysis

Barnes' 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	2022	2023 (projected)
Consolidated Income	63.38 M	99.87 M	13.48 M	13.83 M
Direct Expenses	721.24 M	803.85 M	840 M	787.42 M

Consolidated Income Direct Expenses

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Barnes Z Score

1.8

Most of Barnes' 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, Barnes Group 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 )

Barnes Z Score Driver Correlations

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

Competition

Predict Barnes

In accordance with the company's disclosures, Barnes Group has a Z Score of 1.8. This is 55.77% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The z score for all United States stocks is 79.36% higher than that of the company.

Barnes Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Barnes' 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 Barnes could also be used in its relative valuation, which is a method of valuing Barnes by comparing valuation metrics of similar companies.

Barnes is currently under evaluation in z score category among related companies.

Barnes Current Valuation Drivers

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

	2018	2019	2020	2021	2022	2023 (projected)
Net Income Per Employee	28.13 K	27.54 K	12.76 K	19.58 K	2.59 K	2.66 K
Revenue Per Employee	253.2 K	259.37 K	226.44 K	246.83 K	242.67 K	273.02 K
Average Assets	2.48 B	2.76 B	2.64 B	2.6 B	2.42 B	2.59 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA	318.57 M	326.53 M	205.09 M	235.11 M	144.96 M	186.17 M
Earnings Before Interest Taxes and Depreciation Amortization USD	318.57 M	326.53 M	205.09 M	235.11 M	144.96 M	186.17 M
Earnings before Tax	207.5 M	206.84 M	101.5 M	127.82 M	38.19 M	39.19 M
Average Equity	1.22 B	1.23 B	1.3 B	1.39 B	1.34 B	1.39 B
Enterprise Value	3.23 B	3.94 B	3.21 B	2.9 B	2.55 B	3 B
Free Cash Flow	181.3 M	195.59 M	175.21 M	136.7 M	42.3 M	43.42 M
Invested Capital	1.7 B	1.62 B	1.43 B	1.31 B	1.32 B	1.45 B
Invested Capital Average	1.4 B	1.66 B	1.44 B	1.35 B	1.33 B	1.43 B
Market Capitalization	2.75 B	3.14 B	2.57 B	2.36 B	2.07 B	2.46 B
Tangible Asset Value	1.22 B	1.22 B	1.1 B	1.12 B	1.14 B	1.21 B
Working Capital	448.29 M	421.51 M	346.97 M	369.81 M	427.23 M	443.35 M

Barnes Institutional Holders

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

	Security Type	Shares	Value
Zurcher Kantonalbank Zurich Cantonalbank	Common Shares	7.7 K	315.9 K
Zurcher Kantonalbank Zurich Cantonalbank	Common Shares	7.6 K	221 K
Zurcher Kantonalbank Zurich Cantonalbank	Common Shares	7.6 K	238 K
Zurcher Kantonalbank Zurich Cantonalbank	Common Shares	7.6 K	307 K
Zurcher Kantonalbank Zurich Cantonalbank	Common Shares	7.7 K	358 K
Zurcher Kantonalbank Zurich Cantonalbank	Common Shares	4.8 K	200 K
Zurcher Kantonalbank Zurich Cantonalbank	Common Shares	4.8 K	246 K

Barnes Fundamentals

	Return On Equity	0.0097 %
	Return On Asset	0.0376 %
	Profit Margin	0.0107 %
	Operating Margin	0.12 %
	Current Valuation	2.57 B
	Shares Outstanding	50.6 M
	Shares Owned by Insiders	5.09 %
	Shares Owned by Institutions	91.34 %
	Number of Shares Shorted	609.94 K
	Price to Earning	38.21 X
	Price to Book	1.65 X
	Price to Sales	1.59 X
	Revenue	1.26 B
	Gross Profit	425.06 M
	EBITDA	144.96 M
	Net Income	13.48 M
	Cash and Equivalents	76.86 M
	Cash per Share	1.43 X
	Total Debt	569.64 M
	Debt to Equity	0.44 %
	Current Ratio	2.42 X
	Book Value Per Share	26.61 X
	Cash Flow from Operations	75.56 M
	Short Ratio	2.88 X
	Earnings Per Share	0.26 X
	Price to Earnings To Growth	1.84 X
	Target Price	42.67
	Number of Employees	5.2 K
	Beta	1.23
	Market Capitalization	1.92 B
	Total Asset	2.41 B
	Retained Earnings	1.33 B
	Working Capital	359.04 M
	Current Asset	611.59 M
	Current Liabilities	252.55 M
	Z Score	1.8
	Annual Yield	0.0169 %
	Five Year Return	1.31 %
	Net Asset	2.41 B
	Last Dividend Paid	0.64

About Barnes Fundamental Analysis

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

Barnes Group Inc. provides engineered products, industrial technologies, and solutions in the United States and internationally. Barnes Group Inc. was founded in 1857 and is headquartered in Bristol, Connecticut. Barnes operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. It employs 5100 people.

Barnes Investors Sentiment

The influence of Barnes' 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 Barnes. 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 markets does not have a solid backing from leading economists and market statisticians.

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

Barnes' 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 Barnes' 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 Barnes' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Barnes.

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

Pair Trading with Barnes

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

Moving together with Barnes

	+	0.91	AME	Ametek Inc		Fiscal Quarter End 31st of March 2023	Pair Corr
	+	0.66	AMSC	American Superconductor		Fiscal Quarter End 31st of March 2023	Pair Corr

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

The correlation of Barnes is a statistical measure of how it moves in relation to other equities. 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 Barnes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barnes Group 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 Barnes 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

Continue to Barnes Piotroski F Score and Barnes Valuation analysis. Note that the Barnes Group information on this page should be used as a complementary analysis to other Barnes' 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 Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Barnes Stock analysis

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

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Is Barnes' 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 Barnes. If investors know Barnes 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 Barnes 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

(0.46)

Dividend Share

0.64

Earnings Share

0.26

Revenue Per Share

24.761

Quarterly Revenue Growth

0.008

The market value of Barnes Group is measured differently than its book value, which is the value of Barnes that is recorded on the company's balance sheet. Investors also form their own opinion of Barnes' value that differs from its market value or its book value, called intrinsic value, which is Barnes' 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 Barnes' market value can be influenced by many factors that don't directly affect Barnes' 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 Barnes' value and its price as these two are different measures arrived at by different means. Investors typically determine Barnes value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barnes' 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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	Accounts Payable	Total Assets	Current Assets	Cash and Equivalents	Total Debt	Debt Current	Shareholders Equity	Total Liabilities	Current Liabilities	Tax Assets	Tax Liabilities
Accounts Payable		0.77	0.85	0.47	0.4	-0.44	0.67	0.58	0.71	-0.61	0.71
Total Assets	0.77		0.78	0.33	0.59	-0.25	0.84	0.79	0.89	-0.76	0.93
Current Assets	0.85	0.78		0.64	0.6	-0.47	0.53	0.75	0.7	-0.53	0.78
Cash and Equivalents	0.47	0.33	0.64		0.25	-0.31	0.18	0.36	0.26	-0.28	0.51
Total Debt	0.4	0.59	0.6	0.25		-0.35	0.07	0.95	0.35	-0.03	0.6
Debt Current	-0.44	-0.25	-0.47	-0.31	-0.35		-0.05	-0.37	0.1	-0.23	-0.18
Shareholders Equity	0.67	0.84	0.53	0.18	0.07	-0.05		0.34	0.86	-0.91	0.72
Total Liabilities	0.58	0.79	0.75	0.36	0.95	-0.37	0.34		0.58	-0.3	0.8
Current Liabilities	0.71	0.89	0.7	0.26	0.35	0.1	0.86	0.58		-0.91	0.85
Tax Assets	-0.61	-0.76	-0.53	-0.28	-0.03	-0.23	-0.91	-0.3	-0.91		-0.74
Tax Liabilities	0.71	0.93	0.78	0.51	0.6	-0.18	0.72	0.8	0.85	-0.74

Barnes Z Score

Barnes Z Score Analysis

Current Barnes Z Score

Barnes Z Score Driver Correlations

Barnes Z Score Peer Comparison

Barnes Current Valuation Drivers

Barnes Institutional Holders

Barnes Fundamentals

About Barnes Fundamental Analysis

Barnes Investors Sentiment

Pair Trading with Barnes

Moving together with Barnes

Complementary Tools for Barnes Stock analysis

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