Chemours Co Stock Z Score

CC Stock  USD 26.26  2.62  9.07%   
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 Chemours Piotroski F Score and Chemours Valuation analysis.
  
At present, Chemours' Capital Expenditures is projected to decrease significantly based on the last few years of reporting. At present, Chemours' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Interest Income is expected to grow to about 131.1 M, whereas Depreciation And Amortization is forecasted to decline to about 311.9 M.

Chemours Z Score Analysis

Chemours' 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)
Gross Profit1.4B1.6B1.5B1.2B
Total Revenue6.3B6.8B6.1B5.1B

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Chemours Z Score

    
  2.68  
Most of Chemours' 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, Chemours Co 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 )

Chemours Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Chemours is extremely important. It helps to project a fair market value of Chemours Stock properly, considering its historical fundamentals such as Z Score. Since Chemours' 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 Chemours' 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 Chemours' interrelated accounts and indicators.
0.76-0.670.880.170.770.90.82-0.54-0.910.06-0.890.880.95-0.77-0.550.76-0.690.89-0.790.98-0.04-0.81-0.77-0.450.89-0.080.73-0.58-0.78-0.41
0.76-0.930.790.290.410.780.93-0.32-0.820.14-0.890.940.82-0.94-0.520.43-0.930.59-0.660.74-0.2-0.94-0.8-0.40.560.240.57-0.31-0.51-0.19
-0.67-0.93-0.8-0.17-0.23-0.64-0.960.260.69-0.320.88-0.94-0.70.910.46-0.440.99-0.490.56-0.650.030.970.610.26-0.42-0.2-0.430.250.470.16
0.880.79-0.80.330.690.90.85-0.47-0.890.21-0.880.910.83-0.82-0.530.62-0.80.74-0.690.850.02-0.85-0.66-0.510.810.020.49-0.52-0.66-0.36
0.170.29-0.170.330.360.420.09-0.25-0.34-0.06-0.190.160.13-0.23-0.32-0.03-0.20.23-0.150.16-0.22-0.17-0.4-0.770.360.31-0.11-0.49-0.17-0.46
0.770.41-0.230.690.360.820.39-0.27-0.750.04-0.510.50.75-0.46-0.430.42-0.250.72-0.50.72-0.23-0.39-0.67-0.580.84-0.040.59-0.56-0.45-0.43
0.90.78-0.640.90.420.820.75-0.49-0.940.08-0.810.820.87-0.79-0.590.48-0.650.78-0.790.88-0.3-0.75-0.79-0.570.9-0.020.61-0.51-0.61-0.33
0.820.93-0.960.850.090.390.75-0.34-0.790.28-0.940.990.85-0.93-0.50.58-0.960.64-0.680.8-0.05-0.99-0.69-0.240.570.090.59-0.3-0.59-0.18
-0.54-0.320.26-0.47-0.25-0.27-0.49-0.340.580.350.57-0.4-0.320.270.26-0.610.27-0.710.75-0.6-0.150.360.320.52-0.720.45-0.160.650.890.47
-0.91-0.820.69-0.89-0.34-0.75-0.94-0.790.580.040.91-0.86-0.890.820.59-0.580.71-0.880.85-0.910.140.810.850.62-0.890.13-0.680.610.740.42
0.060.14-0.320.21-0.060.040.080.280.350.04-0.090.240.06-0.11-0.380.09-0.31-0.210.08-0.060.02-0.230.20.34-0.190.01-0.110.350.20.36
-0.89-0.890.88-0.88-0.19-0.51-0.81-0.940.570.91-0.09-0.96-0.860.90.49-0.670.89-0.840.79-0.890.00.960.760.45-0.740.1-0.610.540.790.38
0.880.94-0.940.910.160.50.820.99-0.4-0.860.24-0.960.89-0.93-0.540.63-0.940.71-0.720.86-0.04-0.98-0.73-0.330.670.080.61-0.38-0.65-0.25
0.950.82-0.70.830.130.750.870.85-0.32-0.890.06-0.860.89-0.84-0.480.56-0.720.8-0.710.94-0.19-0.83-0.87-0.380.780.080.84-0.45-0.61-0.31
-0.77-0.940.91-0.82-0.23-0.46-0.79-0.930.270.82-0.110.9-0.93-0.840.48-0.410.92-0.650.65-0.770.280.950.820.41-0.58-0.16-0.650.390.50.3
-0.55-0.520.46-0.53-0.32-0.43-0.59-0.50.260.59-0.380.49-0.54-0.480.48-0.460.5-0.390.66-0.490.170.520.460.34-0.440.14-0.460.340.330.24
0.760.43-0.440.62-0.030.420.480.58-0.61-0.580.09-0.670.630.56-0.41-0.46-0.490.72-0.550.690.46-0.57-0.32-0.260.62-0.280.35-0.54-0.83-0.41
-0.69-0.930.99-0.8-0.2-0.25-0.65-0.960.270.71-0.310.89-0.94-0.720.920.5-0.49-0.520.57-0.670.030.980.640.29-0.43-0.19-0.460.30.50.21
0.890.59-0.490.740.230.720.780.64-0.71-0.88-0.21-0.840.710.8-0.65-0.390.72-0.52-0.780.9-0.01-0.67-0.75-0.620.9-0.310.65-0.78-0.91-0.62
-0.79-0.660.56-0.69-0.15-0.5-0.79-0.680.750.850.080.79-0.72-0.710.650.66-0.550.57-0.78-0.840.20.680.660.43-0.80.37-0.640.530.760.33
0.980.74-0.650.850.160.720.880.8-0.6-0.91-0.06-0.890.860.94-0.77-0.490.69-0.670.9-0.84-0.07-0.8-0.8-0.470.9-0.080.77-0.62-0.8-0.45
-0.04-0.20.030.02-0.22-0.23-0.3-0.05-0.150.140.020.0-0.04-0.190.280.170.460.03-0.010.2-0.070.060.410.18-0.1-0.16-0.34-0.03-0.250.01
-0.81-0.940.97-0.85-0.17-0.39-0.75-0.990.360.81-0.230.96-0.98-0.830.950.52-0.570.98-0.670.68-0.80.060.730.33-0.57-0.08-0.590.370.620.26
-0.77-0.80.61-0.66-0.4-0.67-0.79-0.690.320.850.20.76-0.73-0.870.820.46-0.320.64-0.750.66-0.80.410.730.65-0.71-0.21-0.810.590.510.52
-0.45-0.40.26-0.51-0.77-0.58-0.57-0.240.520.620.340.45-0.33-0.380.410.34-0.260.29-0.620.43-0.470.180.330.65-0.68-0.11-0.250.870.50.83
0.890.56-0.420.810.360.840.90.57-0.72-0.89-0.19-0.740.670.78-0.58-0.440.62-0.430.9-0.80.9-0.1-0.57-0.71-0.68-0.180.57-0.73-0.8-0.54
-0.080.24-0.20.020.31-0.04-0.020.090.450.130.010.10.080.08-0.160.14-0.28-0.19-0.310.37-0.08-0.16-0.08-0.21-0.11-0.180.00.090.39-0.05
0.730.57-0.430.49-0.110.590.610.59-0.16-0.68-0.11-0.610.610.84-0.65-0.460.35-0.460.65-0.640.77-0.34-0.59-0.81-0.250.570.0-0.41-0.4-0.35
-0.58-0.310.25-0.52-0.49-0.56-0.51-0.30.650.610.350.54-0.38-0.450.390.34-0.540.3-0.780.53-0.62-0.030.370.590.87-0.730.09-0.410.720.96
-0.78-0.510.47-0.66-0.17-0.45-0.61-0.590.890.740.20.79-0.65-0.610.50.33-0.830.5-0.910.76-0.8-0.250.620.510.5-0.80.39-0.40.720.55
-0.41-0.190.16-0.36-0.46-0.43-0.33-0.180.470.420.360.38-0.25-0.310.30.24-0.410.21-0.620.33-0.450.010.260.520.83-0.54-0.05-0.350.960.55
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, Chemours Co has a Z Score of 2.68. This is 6.77% higher than that of the Chemicals sector and 25.14% lower than that of the Materials industry. The z score for all United States stocks is 69.27% higher than that of the company.

Chemours Z Score Peer Comparison

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

Chemours Institutional Holders

Institutional Holdings refers to the ownership stake in Chemours that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Chemours' 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 Chemours' value.
Shares
Geode Capital Management, Llc2023-12-31
2.3 M
American Century Companies Inc2023-12-31
1.4 M
Vaughan Nelson Scarbrgh & Mccullough Lp2023-12-31
1.4 M
Goldman Sachs Group Inc2023-12-31
1.3 M
Norges Bank2023-12-31
1.2 M
Charles Schwab Investment Management Inc2023-12-31
1.1 M
Northern Trust Corp2023-12-31
1.1 M
Legal & General Group Plc2023-12-31
1.1 M
Morgan Stanley - Brokerage Accounts2023-12-31
M
Blackrock Inc2023-12-31
16.5 M
Fmr Inc2023-12-31
16.4 M

Chemours Fundamentals

About Chemours Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Chemours Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Chemours using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Chemours Co 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.
The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The Chemours Company was founded in 2014 and is headquartered in Wilmington, Delaware. Chemours operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. It employs 6400 people.

Pair Trading with Chemours

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

Moving against Chemours Stock

  0.66DNMR Danimer Scientific Financial Report 8th of May 2024 PairCorr
  0.6ASH Ashland Global Holdings Financial Report 7th of May 2024 PairCorr
  0.55NTIC Northern Technologies Report 11th of April 2024 PairCorr
  0.51WTTR Select Energy Services Financial Report 7th of May 2024 PairCorr
The ability to find closely correlated positions to Chemours could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemours 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 Chemours - 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 Chemours Co to buy it.
The correlation of Chemours 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 Chemours moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemours 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 Chemours 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 Chemours offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chemours' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Chemours Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Chemours Co Stock:
Check out Chemours Piotroski F Score and Chemours Valuation analysis.
Note that the Chemours information on this page should be used as a complementary analysis to other Chemours' 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Chemours Stock analysis

When running Chemours' price analysis, check to measure Chemours' 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 Chemours is operating at the current time. Most of Chemours' value examination focuses on studying past and present price action to predict the probability of Chemours' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemours' price. Additionally, you may evaluate how the addition of Chemours to your portfolios can decrease your overall portfolio volatility.
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Stocks Directory
Find actively traded stocks across global markets
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Is Chemours' 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 Chemours. If investors know Chemours 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 Chemours 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
(0.91)
Dividend Share
1
Earnings Share
(2.00)
Revenue Per Share
40.243
Quarterly Revenue Growth
(0.16)
The market value of Chemours is measured differently than its book value, which is the value of Chemours that is recorded on the company's balance sheet. Investors also form their own opinion of Chemours' value that differs from its market value or its book value, called intrinsic value, which is Chemours' 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 Chemours' market value can be influenced by many factors that don't directly affect Chemours' 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 Chemours' value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemours is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemours' 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.