Big 5 Sporting Stock Z Score

BGFV Stock  USD 3.96  0.25  6.74%   
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 Big 5 Piotroski F Score and Big 5 Valuation analysis.
  
At this time, Big 5's Capital Lease Obligations is fairly stable compared to the past year. Net Invested Capital is likely to climb to about 272.2 M in 2024, whereas Net Working Capital is likely to drop slightly above 111 M in 2024. At this time, Big 5's Depreciation And Amortization is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 316.7 M in 2024, despite the fact that Operating Income is likely to grow to (10.2 M).

Big Z Score Analysis

Big 5'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)
Other Current Liabilities76.7M60.3M52.1M64.8M
Total Assets754.0M708.8M644.7M482.1M

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Big 5 Z Score

    
  2.2  
Most of Big 5'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, Big 5 Sporting 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 )

Big Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Big 5 is extremely important. It helps to project a fair market value of Big Stock properly, considering its historical fundamentals such as Z Score. Since Big 5'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 Big 5'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 Big 5's interrelated accounts and indicators.
0.630.72-0.620.82-0.13-0.49-0.240.15-0.30.830.6-0.150.570.430.750.25-0.560.86-0.780.770.350.72-0.35-0.310.59-0.720.39
0.630.71-0.140.330.51-0.62-0.550.30.150.310.75-0.380.650.580.750.66-0.310.45-0.630.42-0.190.35-0.32-0.420.36-0.410.24
0.720.710.020.420.23-0.9-0.770.610.320.210.94-0.770.940.350.920.41-0.050.39-0.790.62-0.040.59-0.38-0.350.32-0.290.2
-0.62-0.140.02-0.780.49-0.26-0.480.430.81-0.90.18-0.50.16-0.21-0.190.20.72-0.880.41-0.59-0.56-0.580.130.23-0.670.79-0.62
0.820.330.42-0.78-0.35-0.33-0.03-0.01-0.490.820.330.00.40.130.590.09-0.760.94-0.730.640.50.74-0.31-0.290.71-0.90.68
-0.130.510.230.49-0.35-0.36-0.570.360.57-0.360.45-0.350.310.380.20.330.17-0.31-0.07-0.26-0.71-0.24-0.04-0.22-0.10.27-0.19
-0.49-0.62-0.9-0.26-0.33-0.360.87-0.68-0.540.05-0.960.87-0.99-0.2-0.83-0.510.06-0.20.69-0.320.12-0.40.340.26-0.190.2-0.16
-0.24-0.55-0.77-0.48-0.03-0.570.87-0.58-0.680.3-0.820.85-0.86-0.11-0.68-0.38-0.220.060.5-0.190.55-0.250.140.470.02-0.020.0
0.150.30.610.43-0.010.36-0.68-0.580.33-0.290.68-0.80.650.180.560.320.25-0.09-0.30.19-0.090.12-0.220.210.050.10.1
-0.30.150.320.81-0.490.57-0.54-0.680.33-0.690.46-0.630.46-0.080.130.260.46-0.6-0.01-0.34-0.53-0.23-0.12-0.08-0.410.55-0.42
0.830.310.21-0.90.82-0.360.050.3-0.29-0.690.070.410.040.320.30.02-0.760.89-0.460.580.530.54-0.19-0.150.57-0.790.39
0.60.750.940.180.330.45-0.96-0.820.680.460.07-0.80.960.390.870.53-0.070.26-0.730.39-0.120.42-0.4-0.260.27-0.20.13
-0.15-0.38-0.77-0.50.0-0.350.870.85-0.8-0.630.41-0.8-0.85-0.11-0.71-0.26-0.340.10.5-0.260.26-0.280.280.22-0.09-0.13-0.15
0.570.650.940.160.40.31-0.99-0.860.650.460.040.96-0.850.230.890.46-0.080.29-0.770.44-0.090.52-0.37-0.350.27-0.280.23
0.430.580.35-0.210.130.38-0.2-0.110.18-0.080.320.39-0.110.230.390.06-0.220.32-0.330.360.080.2-0.11-0.110.48-0.120.16
0.750.750.92-0.190.590.2-0.83-0.680.560.130.30.87-0.710.890.390.35-0.210.59-0.910.730.010.72-0.42-0.460.59-0.490.54
0.250.660.410.20.090.33-0.51-0.380.320.260.020.53-0.260.460.060.35-0.20.07-0.15-0.11-0.07-0.11-0.20.15-0.11-0.18-0.11
-0.56-0.31-0.050.72-0.760.170.06-0.220.250.46-0.76-0.07-0.34-0.08-0.22-0.21-0.2-0.770.36-0.25-0.51-0.350.110.04-0.450.83-0.46
0.860.450.39-0.880.94-0.31-0.20.06-0.09-0.60.890.260.10.290.320.590.07-0.77-0.70.750.470.75-0.27-0.340.77-0.920.72
-0.78-0.63-0.790.41-0.73-0.070.690.5-0.3-0.01-0.46-0.730.5-0.77-0.33-0.91-0.150.36-0.7-0.74-0.17-0.840.420.57-0.690.59-0.61
0.770.420.62-0.590.64-0.26-0.32-0.190.19-0.340.580.39-0.260.440.360.73-0.11-0.250.75-0.740.270.9-0.33-0.430.6-0.610.62
0.35-0.19-0.04-0.560.5-0.710.120.55-0.09-0.530.53-0.120.26-0.090.080.01-0.07-0.510.47-0.170.270.3-0.120.450.31-0.390.26
0.720.350.59-0.580.74-0.24-0.4-0.250.12-0.230.540.42-0.280.520.20.72-0.11-0.350.75-0.840.90.3-0.46-0.540.58-0.690.66
-0.35-0.32-0.380.13-0.31-0.040.340.14-0.22-0.12-0.19-0.40.28-0.37-0.11-0.42-0.20.11-0.270.42-0.33-0.12-0.460.16-0.230.26-0.24
-0.31-0.42-0.350.23-0.29-0.220.260.470.21-0.08-0.15-0.260.22-0.35-0.11-0.460.150.04-0.340.57-0.430.45-0.540.16-0.320.34-0.37
0.590.360.32-0.670.71-0.1-0.190.020.05-0.410.570.27-0.090.270.480.59-0.11-0.450.77-0.690.60.310.58-0.23-0.32-0.550.81
-0.72-0.41-0.290.79-0.90.270.2-0.020.10.55-0.79-0.2-0.13-0.28-0.12-0.49-0.180.83-0.920.59-0.61-0.39-0.690.260.34-0.55-0.69
0.390.240.2-0.620.68-0.19-0.160.00.1-0.420.390.13-0.150.230.160.54-0.11-0.460.72-0.610.620.260.66-0.24-0.370.81-0.69
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, Big 5 Sporting has a Z Score of 2.2. This is 31.89% lower than that of the Specialty Retail sector and 75.88% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 74.77% higher than that of the company.

Big Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Big 5'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 Big 5 could also be used in its relative valuation, which is a method of valuing Big 5 by comparing valuation metrics of similar companies.
Big 5 is currently under evaluation in z score category among related companies.

Big 5 Institutional Holders

Institutional Holdings refers to the ownership stake in Big 5 that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Big 5'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 Big 5's value.
Shares
American Century Companies Inc2023-12-31
187.4 K
Aqr Capital Management Llc2023-12-31
185.7 K
Gsa Capital Partners Llp2023-12-31
149.8 K
Bank Of America Corp2023-12-31
140.4 K
Amvescap Plc.2023-12-31
138.1 K
Gabelli Funds Llc2023-12-31
100 K
Susquehanna International Group, Llp2023-12-31
95.3 K
Bank Of New York Mellon Corp2023-12-31
94.2 K
Empowered Funds, Llc2023-12-31
93.9 K
Blackrock Inc2023-12-31
1.7 M
Vanguard Group Inc2023-12-31
1.1 M

Big Fundamentals

About Big 5 Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Big 5 Sporting's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Big 5 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Big 5 Sporting 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.
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company was founded in 1955 and is headquartered in El Segundo, California. Big 5 operates under Specialty Retail classification in the United States and is traded on NASDAQ Exchange. It employs 2400 people.

Pair Trading with Big 5

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 Big 5 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 Big 5 will appreciate offsetting losses from the drop in the long position's value.

Moving together with Big Stock

  0.81BQ Boqii Holding LimitedPairCorr

Moving against Big Stock

  0.88AAP Advance Auto Parts Financial Report 29th of May 2024 PairCorr
  0.86DIBS 1StdibsCom Financial Report 8th of May 2024 PairCorr
  0.82HD Home Depot Financial Report 21st of May 2024 PairCorr
  0.63MGNI Magnite Financial Report 8th of May 2024 PairCorr
  0.63AEO American Eagle Outfitters Financial Report 22nd of May 2024 PairCorr
The ability to find closely correlated positions to Big 5 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big 5 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 Big 5 - 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 Big 5 Sporting to buy it.
The correlation of Big 5 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 Big 5 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Big 5 Sporting 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 Big 5 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 Big 5 Sporting is a strong investment it is important to analyze Big 5'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 Big 5's future performance. For an informed investment choice regarding Big Stock, refer to the following important reports:
Check out Big 5 Piotroski F Score and Big 5 Valuation analysis.
Note that the Big 5 Sporting information on this page should be used as a complementary analysis to other Big 5'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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Big Stock analysis

When running Big 5's price analysis, check to measure Big 5'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 Big 5 is operating at the current time. Most of Big 5's value examination focuses on studying past and present price action to predict the probability of Big 5's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Big 5's price. Additionally, you may evaluate how the addition of Big 5 to your portfolios can decrease your overall portfolio volatility.
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Global Correlations
Find global opportunities by holding instruments from different markets
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Is Big 5'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 Big 5. If investors know Big 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 Big 5 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
(0.72)
Dividend Share
0.875
Earnings Share
(0.33)
Revenue Per Share
40.68
Quarterly Revenue Growth
(0.18)
The market value of Big 5 Sporting is measured differently than its book value, which is the value of Big that is recorded on the company's balance sheet. Investors also form their own opinion of Big 5's value that differs from its market value or its book value, called intrinsic value, which is Big 5'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 Big 5's market value can be influenced by many factors that don't directly affect Big 5'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 Big 5's value and its price as these two are different measures arrived at by different means. Investors typically determine if Big 5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Big 5'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.