Chegg Inc Stock Z Score

CHGG Stock

USD 6.83 0.01 0.15%

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 Chegg Piotroski F Score and Chegg Valuation analysis.

At this time, Chegg's Total Debt To Capitalization is most likely to increase slightly in the upcoming years. At this time, Chegg's Total Other Income Expense Net is most likely to increase significantly in the upcoming years. The Chegg's current Net Income is estimated to increase to about 86.6 M, while Interest Expense is projected to decrease to roughly 3.6 M.

Chegg Inc Company Z Score Analysis

Chegg'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 )

Chegg Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Capital Surpluse	Long Term Investments	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt Total	Short Long Term Debt
Total Assets		0.91	0.76	0.94	-0.07	0.43	0.94	0.55	0.66	0.96	0.97	0.96	0.15	0.87	0.7	0.67	0.7	0.92	0.91	0.97	0.8	0.52	-0.11	-0.11
Total Stockholder Equity	0.91		0.84	0.76	-0.02	0.59	0.75	0.73	0.76	0.81	0.78	0.84	0.28	0.86	0.81	0.67	0.78	0.95	0.74	0.87	0.6	0.31	-0.22	-0.22
Current Deferred Revenue	0.76	0.84		0.69	0.4	0.66	0.53	0.76	0.83	0.62	0.64	0.58	0.46	0.84	0.48	0.77	0.83	0.81	0.52	0.74	0.32	0.06	-0.33	-0.33
Net Debt	0.94	0.76	0.69		-0.05	0.36	0.93	0.45	0.6	0.96	0.98	0.9	0.14	0.82	0.57	0.63	0.63	0.8	0.91	0.93	0.76	0.51	-0.11	-0.11
Retained Earnings	-0.07	-0.02	0.4	-0.05		0.38	-0.26	0.3	0.43	-0.17	-0.08	-0.23	0.56	0.12	-0.49	0.57	0.46	0.06	-0.19	0.04	-0.4	-0.5	-0.5	-0.5
Accounts Payable	0.43	0.59	0.66	0.36	0.38		0.16	0.96	0.88	0.3	0.33	0.3	0.91	0.5	0.44	0.74	0.89	0.66	0.36	0.53	-0.15	-0.51	-0.88	-0.88
Long Term Debt	0.94	0.75	0.53	0.93	-0.26	0.16		0.29	0.42	0.98	0.97	0.98	-0.12	0.74	0.63	0.47	0.46	0.74	0.91	0.9	0.93	0.73	0.11	0.11
Net Receivables	0.55	0.73	0.76	0.45	0.3	0.96	0.29		0.93	0.42	0.42	0.43	0.78	0.63	0.58	0.73	0.91	0.74	0.42	0.63	0.01	-0.35	-0.76	-0.76
Good Will	0.66	0.76	0.83	0.6	0.43	0.88	0.42	0.93		0.55	0.57	0.53	0.74	0.8	0.52	0.85	0.98	0.8	0.48	0.74	0.12	-0.25	-0.72	-0.72
Short Term Investments	0.96	0.81	0.62	0.96	-0.17	0.3	0.98	0.42	0.55		0.98	0.98	0.01	0.81	0.68	0.57	0.59	0.8	0.92	0.95	0.87	0.62	-0.03	-0.03
Total Liab	0.97	0.78	0.64	0.98	-0.08	0.33	0.97	0.42	0.57	0.98		0.96	0.09	0.8	0.57	0.63	0.62	0.83	0.94	0.96	0.84	0.58	-0.08	-0.08
Total Current Assets	0.96	0.84	0.58	0.9	-0.23	0.3	0.98	0.43	0.53	0.98	0.96		0.0	0.77	0.73	0.55	0.57	0.82	0.92	0.95	0.89	0.63	-0.03	-0.03
Short Term Debt	0.15	0.28	0.46	0.14	0.56	0.91	-0.12	0.78	0.74	0.01	0.09	0.0		0.26	0.09	0.69	0.76	0.43	0.14	0.28	-0.44	-0.74	-0.95	-0.95
Intangible Assets	0.87	0.86	0.84	0.82	0.12	0.5	0.74	0.63	0.8	0.81	0.8	0.77	0.26		0.63	0.64	0.76	0.85	0.63	0.84	0.55	0.27	-0.2	-0.2
Common Stock	0.7	0.81	0.48	0.57	-0.49	0.44	0.63	0.58	0.52	0.68	0.57	0.73	0.09	0.63		0.28	0.47	0.69	0.61	0.66	0.53	0.3	-0.13	-0.13
Property Plant Equipment	0.67	0.67	0.77	0.63	0.57	0.74	0.47	0.73	0.85	0.57	0.63	0.55	0.69	0.64	0.28		0.92	0.76	0.59	0.76	0.21	-0.13	-0.65	-0.65
Net Tangible Assets	0.7	0.78	0.83	0.63	0.46	0.89	0.46	0.91	0.98	0.59	0.62	0.57	0.76	0.76	0.47	0.92		0.84	0.57	0.79	0.17	-0.2	-0.73	-0.73
Capital Surpluse	0.92	0.95	0.81	0.8	0.06	0.66	0.74	0.74	0.8	0.8	0.83	0.82	0.43	0.85	0.69	0.76	0.84		0.81	0.9	0.54	0.23	-0.33	-0.33
Long Term Investments	0.91	0.74	0.52	0.91	-0.19	0.36	0.91	0.42	0.48	0.92	0.94	0.92	0.14	0.63	0.61	0.59	0.57	0.81		0.91	0.78	0.54	-0.14	-0.14
Net Invested Capital	0.97	0.87	0.74	0.93	0.04	0.53	0.9	0.63	0.74	0.95	0.96	0.95	0.28	0.84	0.66	0.76	0.79	0.9	0.91		0.73	0.41	-0.29	-0.29
Net Working Capital	0.8	0.6	0.32	0.76	-0.4	-0.15	0.93	0.01	0.12	0.87	0.84	0.89	-0.44	0.55	0.53	0.21	0.17	0.54	0.78	0.73		0.91	0.41	0.41
Capital Stock	0.52	0.31	0.06	0.51	-0.5	-0.51	0.73	-0.35	-0.25	0.62	0.58	0.63	-0.74	0.27	0.3	-0.13	-0.2	0.23	0.54	0.41	0.91		0.73	0.73
Long Term Debt Total	-0.11	-0.22	-0.33	-0.11	-0.5	-0.88	0.11	-0.76	-0.72	-0.03	-0.08	-0.03	-0.95	-0.2	-0.13	-0.65	-0.73	-0.33	-0.14	-0.29	0.41	0.73		1.0
Short Long Term Debt	-0.11	-0.22	-0.33	-0.11	-0.5	-0.88	0.11	-0.76	-0.72	-0.03	-0.08	-0.03	-0.95	-0.2	-0.13	-0.65	-0.73	-0.33	-0.14	-0.29	0.41	0.73	1.0

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 Chegg

In accordance with the company's disclosures, Chegg Inc has a Z Score of 0.0. This is 100.0% lower than that of the Diversified Consumer Services sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

Chegg Institutional Holders

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

		Shares
Two Sigma Investments Llc	2023-12-31	2.5 M
Geode Capital Management, Llc	2023-12-31	2.4 M
Millennium Management Llc	2023-12-31	2.3 M
Two Sigma Advisers, Llc	2023-12-31	2.3 M
Man Group Plc	2023-12-31	1.9 M
Ubs Asset Mgmt Americas Inc	2023-12-31	1.9 M
Voloridge Investment Management, Llc	2023-09-30	1.9 M
Arrowstreet Capital Limited Partnership	2023-12-31	1.6 M
Clearline Capital Lp	2023-12-31	1.4 M
Vanguard Group Inc	2023-12-31	11.6 M
Blackrock Inc	2023-12-31	10.7 M

Chegg Fundamentals

	Return On Equity	0.0176
	Return On Asset	-0.0039
	Profit Margin	0.03 %
	Operating Margin	0.27 %
	Current Valuation	996.82 M
	Shares Outstanding	101.57 M
	Shares Owned By Insiders	3.26 %
	Shares Owned By Institutions	97.03 %
	Number Of Shares Shorted	13.61 M
	Price To Earning	69.12 X
	Price To Book	0.78 X
	Price To Sales	1.03 X
	Revenue	716.29 M
	Gross Profit	569.5 M
	EBITDA	(67.72 M)
	Net Income	18.18 M
	Cash And Equivalents	1.38 B
	Cash Per Share	10.94 X
	Total Debt	617.9 M
	Debt To Equity	2.07 %
	Current Ratio	10.81 X
	Book Value Per Share	9.19 X
	Cash Flow From Operations	246.2 M
	Short Ratio	6.07 X
	Earnings Per Share	0.16 X
	Price To Earnings To Growth	0.31 X
	Target Price	9.42
	Number Of Employees	3.04 K
	Beta	1.27
	Market Capitalization	692.71 M
	Total Asset	1.73 B
	Retained Earnings	(52.37 M)
	Working Capital	(103.63 M)
	Current Asset	132.84 M
	Current Liabilities	56.11 M
	Net Asset	1.73 B

About Chegg Fundamental Analysis

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

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

Moving together with Chegg Stock

0.74	GV	Visionary Education Symbol Change	Pair Corr
0.88	IH	IhumanInc	Pair Corr

Moving against Chegg Stock

0.72	GOTU	Gaotu Techedu DRC Buyout Trend	Pair Corr
0.48	EDU	New Oriental Education Earnings Call Today	Pair Corr
0.44	JZ	Jianzhi Education Report 4th of October 2024	Pair Corr
0.41	DAO	Youdao Inc	Pair Corr

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

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

How To Invest In Chegg

Details

Is Chegg Stock a good investment?

Details

What is Chegg's Net Worth?

Details

Largest Diversified Consumer Services Companies

View

Largest Education & Training Services Companies

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Check out Chegg Piotroski F Score and Chegg Valuation analysis.

Note that the Chegg Inc information on this page should be used as a complementary analysis to other Chegg'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Chegg Stock analysis

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

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Is Chegg'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 Chegg. If investors know Chegg 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 Chegg 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

4.996

Earnings Share

0.16

Revenue Per Share

6.148

Quarterly Revenue Growth

(0.08)

Return On Assets

(0)

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

Chegg Inc 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 )

Chegg Z Score Driver Correlations

Chegg Institutional Holders

Chegg Fundamentals

About Chegg Fundamental Analysis

Pair Trading with Chegg

Moving together with Chegg Stock

Moving against Chegg Stock

Complementary Tools for Chegg Stock analysis

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