Cal Maine Foods Stock Z Score

CALM Stock

USD 59.70 0.39 0.65%

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 Cal Maine Piotroski F Score and Cal Maine Valuation analysis.

At this time, Cal Maine's Additional Paid In Capital is very stable compared to the past year. As of the 23rd of April 2024, Capital Lease Obligations is likely to grow to about 1.9 M, while Net Invested Capital is likely to drop about 1.2 B. At this time, Cal Maine's EBITDA is very stable compared to the past year. As of the 23rd of April 2024, Cost Of Revenue is likely to grow to about 2.4 B, while Selling General Administrative is likely to drop about 91.2 M.

Cal Maine Foods Company Z Score Analysis

Cal Maine'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 )

Cal Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Good Will	Intangible Assets	Long Term Debt	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Long Term Investments	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		1.0	-0.93	1.0	0.32	0.9	-0.13	0.98	-0.54	0.56	0.94	0.29	-0.74	-0.83	0.97	-0.25	0.78	0.83	-0.73	0.83	0.72	-0.69	-0.19	0.81	0.77	-0.72
Total Stockholder Equity	1.0		-0.93	1.0	0.31	0.88	-0.13	0.97	-0.56	0.6	0.94	0.33	-0.77	-0.84	0.97	-0.25	0.78	0.84	-0.77	0.84	0.74	-0.73	-0.12	0.8	0.77	-0.7
Net Debt	-0.93	-0.93		-0.93	-0.17	-0.79	0.34	-0.93	0.62	-0.43	-0.8	-0.25	0.58	0.74	-0.89	0.1	-0.7	-0.86	0.62	-0.8	-0.75	0.58	0.23	-0.89	-0.88	0.64
Retained Earnings	1.0	1.0	-0.93		0.31	0.88	-0.13	0.97	-0.56	0.59	0.94	0.33	-0.77	-0.84	0.97	-0.25	0.78	0.84	-0.76	0.84	0.73	-0.73	-0.12	0.8	0.77	-0.7
Accounts Payable	0.32	0.31	-0.17	0.31		0.31	0.25	0.3	0.03	0.51	0.46	0.3	-0.47	-0.47	0.25	-0.39	0.34	0.37	-0.27	0.38	0.19	-0.27	0.0	0.29	0.3	0.1
Net Receivables	0.9	0.88	-0.79	0.88	0.31		-0.06	0.86	-0.55	0.48	0.9	0.25	-0.64	-0.78	0.93	-0.35	0.52	0.73	-0.62	0.8	0.68	-0.61	-0.36	0.73	0.66	-0.62
Total Liab	-0.13	-0.13	0.34	-0.13	0.25	-0.06		-0.09	0.68	0.09	-0.05	-0.23	-0.01	0.17	-0.21	-0.41	0.16	-0.2	0.14	-0.29	-0.22	0.11	0.02	-0.29	-0.26	0.12
Total Current Assets	0.98	0.97	-0.93	0.97	0.3	0.86	-0.09		-0.42	0.45	0.88	0.14	-0.62	-0.73	0.9	-0.21	0.85	0.79	-0.6	0.73	0.63	-0.56	-0.31	0.82	0.8	-0.76
Short Term Debt	-0.54	-0.56	0.62	-0.56	0.03	-0.55	0.68	-0.42		-0.35	-0.54	-0.62	0.45	0.56	-0.68	0.06	-0.04	-0.58	0.61	-0.73	-0.62	0.6	-0.06	-0.57	-0.52	0.34
Common Stock	0.56	0.6	-0.43	0.59	0.51	0.48	0.09	0.45	-0.35		0.67	0.6	-0.87	-0.73	0.59	-0.22	0.41	0.7	-0.85	0.75	0.65	-0.9	0.44	0.44	0.43	0.01
Good Will	0.94	0.94	-0.8	0.94	0.46	0.9	-0.05	0.88	-0.54	0.67		0.49	-0.87	-0.92	0.94	-0.3	0.66	0.76	-0.81	0.83	0.7	-0.77	-0.02	0.68	0.63	-0.58
Intangible Assets	0.29	0.33	-0.25	0.33	0.3	0.25	-0.23	0.14	-0.62	0.6	0.49		-0.68	-0.59	0.38	0.01	-0.04	0.37	-0.68	0.52	0.52	-0.62	0.65	0.2	0.19	0.06
Long Term Debt	-0.74	-0.77	0.58	-0.77	-0.47	-0.64	-0.01	-0.62	0.45	-0.87	-0.87	-0.68		0.92	-0.76	0.26	-0.52	-0.67	0.95	-0.77	-0.71	0.89	-0.43	-0.44	-0.41	0.25
Treasury Stock	-0.83	-0.84	0.74	-0.84	-0.47	-0.78	0.17	-0.73	0.56	-0.73	-0.92	-0.59	0.92		-0.85	0.27	-0.49	-0.72	0.85	-0.83	-0.74	0.79	-0.16	-0.58	-0.53	0.32
Property Plant Equipment	0.97	0.97	-0.89	0.97	0.25	0.93	-0.21	0.9	-0.68	0.59	0.94	0.38	-0.76	-0.85		-0.31	0.61	0.83	-0.79	0.89	0.79	-0.76	-0.13	0.79	0.73	-0.66
Current Deferred Revenue	-0.25	-0.25	0.1	-0.25	-0.39	-0.35	-0.41	-0.21	0.06	-0.22	-0.3	0.01	0.26	0.27	-0.31		-0.08	-0.22	0.2	-0.29	-0.18	0.19	0.17	-0.17	-0.12	0.08
Short Term Investments	0.78	0.78	-0.7	0.78	0.34	0.52	0.16	0.85	-0.04	0.41	0.66	-0.04	-0.52	-0.49	0.61	-0.08		0.61	-0.46	0.45	0.35	-0.44	-0.15	0.59	0.63	-0.63
Net Tangible Assets	0.83	0.84	-0.86	0.84	0.37	0.73	-0.2	0.79	-0.58	0.7	0.76	0.37	-0.67	-0.72	0.83	-0.22	0.61		-0.72	0.94	0.88	-0.69	-0.08	0.94	0.92	-0.34
Long Term Debt Total	-0.73	-0.77	0.62	-0.76	-0.27	-0.62	0.14	-0.6	0.61	-0.85	-0.81	-0.68	0.95	0.85	-0.79	0.2	-0.46	-0.72		-0.83	-0.79	0.94	-0.45	-0.5	-0.46	0.28
Capital Surpluse	0.83	0.84	-0.8	0.84	0.38	0.8	-0.29	0.73	-0.73	0.75	0.83	0.52	-0.77	-0.83	0.89	-0.29	0.45	0.94	-0.83		0.9	-0.79	0.02	0.85	0.8	-0.33
Deferred Long Term Liab	0.72	0.74	-0.75	0.73	0.19	0.68	-0.22	0.63	-0.62	0.65	0.7	0.52	-0.71	-0.74	0.79	-0.18	0.35	0.88	-0.79	0.9		-0.66	0.13	0.77	0.73	-0.24
Short Long Term Debt	-0.69	-0.73	0.58	-0.73	-0.27	-0.61	0.11	-0.56	0.6	-0.9	-0.77	-0.62	0.89	0.79	-0.76	0.19	-0.44	-0.69	0.94	-0.79	-0.66		-0.4	-0.47	-0.43	0.26
Long Term Investments	-0.19	-0.12	0.23	-0.12	0.0	-0.36	0.02	-0.31	-0.06	0.44	-0.02	0.65	-0.43	-0.16	-0.13	0.17	-0.15	-0.08	-0.45	0.02	0.13	-0.4		-0.35	-0.33	0.36
Net Invested Capital	0.81	0.8	-0.89	0.8	0.29	0.73	-0.29	0.82	-0.57	0.44	0.68	0.2	-0.44	-0.58	0.79	-0.17	0.59	0.94	-0.5	0.85	0.77	-0.47	-0.35		0.99	-0.46
Net Working Capital	0.77	0.77	-0.88	0.77	0.3	0.66	-0.26	0.8	-0.52	0.43	0.63	0.19	-0.41	-0.53	0.73	-0.12	0.63	0.92	-0.46	0.8	0.73	-0.43	-0.33	0.99		-0.42
Capital Stock	-0.72	-0.7	0.64	-0.7	0.1	-0.62	0.12	-0.76	0.34	0.01	-0.58	0.06	0.25	0.32	-0.66	0.08	-0.63	-0.34	0.28	-0.33	-0.24	0.26	0.36	-0.46	-0.42

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 Cal Maine

In accordance with the company's disclosures, Cal Maine Foods has a Z Score of 0.0. This is 100.0% lower than that of the Food Products sector and 100.0% lower than that of the Consumer Staples industry. The z score for all United States stocks is 100.0% higher than that of the company.

Cal Maine Institutional Holders

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

		Shares
Ci Private Wealth Llc	2023-12-31	788.7 K
American Century Companies Inc	2023-12-31	786.9 K
William Blair Investment Management, Llc	2023-12-31	673.6 K
Morgan Stanley - Brokerage Accounts	2023-12-31	558.8 K
Charles Schwab Investment Management Inc	2023-12-31	528.5 K
Amvescap Plc.	2023-12-31	510.5 K
Bank Of New York Mellon Corp	2023-12-31	478.2 K
Northern Trust Corp	2023-12-31	439.6 K
Heartland Advisors Inc	2023-12-31	363.9 K
Blackrock Inc	2023-12-31	6.7 M
Vanguard Group Inc	2023-12-31	4.8 M

Cal Fundamentals

	Return On Equity	0.17
	Return On Asset	0.0957
	Profit Margin	0.12 %
	Operating Margin	0.22 %
	Current Valuation	2.25 B
	Shares Outstanding	44.24 M
	Shares Owned By Insiders	11.03 %
	Shares Owned By Institutions	95.83 %
	Number Of Shares Shorted	2.87 M
	Price To Earning	41.86 X
	Price To Book	1.72 X
	Price To Sales	1.25 X
	Revenue	3.15 B
	Gross Profit	337.06 M
	EBITDA	1.06 B
	Net Income	756.73 M
	Cash And Equivalents	281.8 M
	Cash Per Share	2.88 X
	Total Debt	1.44 M
	Debt To Equity	0 %
	Current Ratio	3.38 X
	Book Value Per Share	35.32 X
	Cash Flow From Operations	863.01 M
	Short Ratio	4.25 X
	Earnings Per Share	5.64 X
	Price To Earnings To Growth	0.75 X
	Target Price	62.5
	Number Of Employees	2.81 K
	Beta	-0.061
	Market Capitalization	2.95 B
	Total Asset	1.95 B
	Retained Earnings	1.57 B
	Working Capital	942.19 M
	Current Asset	626.28 M
	Current Liabilities	83.45 M
	Annual Yield	0.03 %
	Five Year Return	2.87 %
	Net Asset	1.95 B
	Last Dividend Paid	1.88

About Cal Maine Fundamental Analysis

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

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

Moving together with Cal Stock

0.86

Bunge Limited Financial Report 1st of May 2024

Pair Corr

Moving against Cal Stock

0.79	SAM	Boston Beer Earnings Call This Week	Pair Corr
0.67	BUD	Anheuser Busch Inbev Financial Report 2nd of May 2024	Pair Corr
0.59	UVV	Universal	Pair Corr
0.52	FMX	Fomento Economico Earnings Call This Week	Pair Corr

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

The correlation of Cal Maine 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 Cal Maine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cal Maine Foods 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 Cal Maine 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 Cal Maine Foods is a strong investment it is important to analyze Cal Maine'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 Cal Maine's future performance. For an informed investment choice regarding Cal Stock, refer to the following important reports:

How To Invest In Cal

Details

Is Cal Stock a good investment?

Details

What is Cal Maine's Net Worth?

Details

Largest Packaged Foods & Meats Companies

View

Largest Food, Beverage & Tobacco Companies

View

Check out Cal Maine Piotroski F Score and Cal Maine Valuation analysis.

You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Cal Stock analysis

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

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Is Cal Maine'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 Cal Maine. If investors know Cal 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 Cal Maine 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

(0.55)

Dividend Share

1.879

Earnings Share

5.64

Revenue Per Share

48.755

Quarterly Revenue Growth

(0.29)

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Cal Maine Foods Stock Z Score

Cal Maine Foods 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 )

Cal Z Score Driver Correlations

Cal Maine Institutional Holders

Cal Fundamentals

About Cal Maine Fundamental Analysis

Pair Trading with Cal Maine

Moving together with Cal Stock

Moving against Cal Stock

Complementary Tools for Cal Stock analysis

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