Camtek Stock Z Score
CAMT Stock | ILS 32,070 810.00 2.46% |
Camtek |
Camtek Z Score Analysis
Camtek'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..
Current Camtek Z Score | 12.6 |
Most of Camtek'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, Camtek is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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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.
Competition |
In accordance with the company's disclosures, Camtek has a Z Score of 12.6. This is 6.32% lower than that of the Technology sector and 135.96% higher than that of the Semiconductor Equipment & Materials industry. The z score for all Israel stocks is 44.5% lower than that of the firm.
Camtek Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Camtek'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 Camtek could also be used in its relative valuation, which is a method of valuing Camtek by comparing valuation metrics of similar companies.Camtek is currently under evaluation in z score category among related companies.
Camtek Fundamentals
Return On Equity | 0.22 | |||
Return On Asset | 0.0996 | |||
Profit Margin | 0.23 % | |||
Operating Margin | 0.26 % | |||
Current Valuation | 2.9 B | |||
Shares Outstanding | 44.38 M | |||
Shares Owned By Insiders | 39.38 % | |||
Shares Owned By Institutions | 28.35 % | |||
Price To Book | 2.91 X | |||
Price To Sales | 11.26 X | |||
Revenue | 269.66 M | |||
Gross Profit | 137.34 M | |||
EBITDA | 70.9 M | |||
Net Income | 60.28 M | |||
Cash And Equivalents | 85.27 M | |||
Cash Per Share | 2.21 X | |||
Total Debt | 194.64 M | |||
Debt To Equity | 3.50 % | |||
Current Ratio | 4.49 X | |||
Book Value Per Share | 8.11 X | |||
Cash Flow From Operations | 60.96 M | |||
Earnings Per Share | 4.90 X | |||
Price To Earnings To Growth | 1.01 X | |||
Number Of Employees | 404 | |||
Beta | 1.47 | |||
Market Capitalization | 4.28 B | |||
Total Asset | 583.76 M | |||
Retained Earnings | (6 M) | |||
Working Capital | 54 M | |||
Current Asset | 97 M | |||
Current Liabilities | 43 M | |||
Z Score | 12.6 | |||
Annual Yield | 0.01 % | |||
Net Asset | 583.76 M |
About Camtek Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Camtek's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Camtek using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Camtek 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.Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. Camtek Ltd. was founded in 1987 and is headquartered in Migdal Haemek, Israel. CAMTEK operates under Semiconductor Equipment Materials classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 295 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 Camtek 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, Camtek's short interest history, or implied volatility extrapolated from Camtek options trading.
Pair Trading with Camtek
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 Camtek 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 Camtek will appreciate offsetting losses from the drop in the long position's value.Moving together with Camtek Stock
0.75 | NVMI | Nova | PairCorr |
0.62 | QLTU | Qualitau | PairCorr |
The ability to find closely correlated positions to Camtek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Camtek 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 Camtek - 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 Camtek to buy it.
The correlation of Camtek 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 Camtek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Camtek 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 Camtek 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.Check out Camtek Piotroski F Score and Camtek Valuation analysis. For information on how to trade Camtek Stock refer to our How to Trade Camtek Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Camtek Stock analysis
When running Camtek's price analysis, check to measure Camtek'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 Camtek is operating at the current time. Most of Camtek's value examination focuses on studying past and present price action to predict the probability of Camtek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camtek's price. Additionally, you may evaluate how the addition of Camtek to your portfolios can decrease your overall portfolio volatility.
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