Beam Global Stock Z Score

BEEM Stock  USD 6.87  0.05  0.72%   
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 Beam Global Piotroski F Score and Beam Global Valuation analysis.
To learn how to invest in Beam Stock, please use our How to Invest in Beam Global guide.
  
At this time, Beam Global's Net Working Capital is very stable compared to the past year. As of the 28th of March 2024, Capital Expenditures is likely to grow to about 1.1 M, while Capital Stock is likely to drop 8,550. At this time, Beam Global's Cost Of Revenue is very stable compared to the past year. As of the 28th of March 2024, Tax Provision is likely to grow to about 14.7 K, though Operating Income is likely to grow to (18 M).

Beam Z Score Analysis

Beam Global'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..
 2021 2022 2023 2024 (projected)
Depreciation And Amortization125.1K1.1M1.3M1.4M
Income Tax Expense1K2K1.8K1.7K

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Beam Global Z Score

    
  31.43  
Most of Beam Global's 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, Beam Global 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 )

Beam Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Beam Global is extremely important. It helps to project a fair market value of Beam Stock properly, considering its historical fundamentals such as Z Score. Since Beam Global'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 Beam Global'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 Beam Global's interrelated accounts and indicators.
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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, Beam Global has a Z Score of 31.43. This is 133.68% higher than that of the Electrical Equipment sector and notably higher than that of the Industrials industry. The z score for all United States stocks is notably lower than that of the firm.

Beam Z Score Peer Comparison

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

Beam Global Institutional Holders

Institutional Holdings refers to the ownership stake in Beam Global that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Beam Global'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 Beam Global's value.
Shares
Green Alpha Advisors, Llc2023-12-31
42.6 K
Northern Trust Corp2023-12-31
40.3 K
Simplex Trading, Llc2023-12-31
39.4 K
Hrt Financial Llc2023-12-31
37.3 K
Oak Family Advisors, Llc2023-12-31
37.2 K
Squarepoint Ops Llc2023-12-31
34.4 K
Lido Advisors, Llc2023-12-31
33.3 K
Legato Capital Management Llc2023-12-31
30.2 K
King Luther Capital Management Corp2023-12-31
26.7 K
Awm Investment Company Inc2023-12-31
907.2 K
Vanguard Group Inc2023-12-31
511.5 K

Beam Fundamentals

About Beam Global Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Beam Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Beam Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Beam Global 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.
Beam Global, a cleantech company, designs, develops, engineers, manufactures, and sells renewably energized products for electric vehicle charging infrastructure, outdoor media and branding, and energy security products. Beam Global was incorporated in 2006 and is headquartered in San Diego, California. Beam Global operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 78 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 Beam Global 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, Beam Global's short interest history, or implied volatility extrapolated from Beam Global options trading.

Pair Trading with Beam Global

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

Moving together with Beam Stock

  0.7BBU Brookfield Business Financial Report 3rd of May 2024 PairCorr

Moving against Beam Stock

  0.48MMM 3M Company Fiscal Quarter End 31st of March 2024 PairCorr
The ability to find closely correlated positions to Beam Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beam Global 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 Beam Global - 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 Beam Global to buy it.
The correlation of Beam Global 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 Beam Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beam Global 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 Beam Global 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 Beam Global is a strong investment it is important to analyze Beam Global'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 Beam Global's future performance. For an informed investment choice regarding Beam Stock, refer to the following important reports:
Check out Beam Global Piotroski F Score and Beam Global Valuation analysis.
To learn how to invest in Beam Stock, please use our How to Invest in Beam Global guide.
Note that the Beam Global information on this page should be used as a complementary analysis to other Beam Global'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Beam Stock analysis

When running Beam Global's price analysis, check to measure Beam Global'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 Beam Global is operating at the current time. Most of Beam Global's value examination focuses on studying past and present price action to predict the probability of Beam Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beam Global's price. Additionally, you may evaluate how the addition of Beam Global to your portfolios can decrease your overall portfolio volatility.
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Is Beam Global'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 Beam Global. If investors know Beam 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 Beam Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.57)
Revenue Per Share
4.25
Quarterly Revenue Growth
1.494
Return On Assets
(0.26)
Return On Equity
(0.47)
The market value of Beam Global is measured differently than its book value, which is the value of Beam that is recorded on the company's balance sheet. Investors also form their own opinion of Beam Global's value that differs from its market value or its book value, called intrinsic value, which is Beam Global'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 Beam Global's market value can be influenced by many factors that don't directly affect Beam Global'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 Beam Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beam Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beam Global'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.