| BCH Stock | | | USD 22.10 0.14 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
Banco De Piotroski F Score and
Banco De Valuation analysis.
As of now, Banco De's
Capital Expenditure Coverage Ratio is decreasing as compared to previous years. As of now, Banco De's
Gross Profit is increasing as compared to previous years. The Banco De's current
Other Operating Expenses is estimated to increase to about 3.9
T, while
Interest Expense is projected to decrease to under 607.9
B.
Banco De Chile Company Z Score Analysis
Banco De'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..
| First Factor | = | 1.2 * ( | Working Capital | / | Total Assets ) |
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| Second Factor | = | 1.4 * ( | Retained Earnings | / | Total Assets ) |
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| Thrid Factor | = | 3.3 * ( | EBITAD | / | Total Assets ) |
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| Fouth Factor | = | 0.6 * ( | Market Value of Equity | / | Total Liabilities ) |
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| Fifth Factor | = | 0.99 * ( | Revenue | / | Total Assets ) |
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Banco Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Banco De is extremely important. It helps to project a fair market value of Banco Stock properly, considering its historical
fundamentals such as Z Score. Since Banco De'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 Banco De'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 Banco De's interrelated accounts and indicators.
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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.
In accordance with the company's disclosures, Banco De Chile has a Z Score of 0.0. This is 100.0% lower than that of the Banks sector and about the same as
Financials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.