Euro Tech Holdings Stock Z Score
CLWT Stock | USD 1.42 0.01 0.70% |
Euro | Z Score |
Euro Z Score Analysis
Euro Tech'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..
More About Z Score | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 4K | 7K | 6.3K | 6.0K | Dividends Paid | 1.0M | 464K | 533.6K | 661.8K |
Z Score | = | Sum Of | | 5 Factors |
Current Euro Tech Z Score | 17.05 |
Most of Euro Tech'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, Euro Tech Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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Euro Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Euro Tech is extremely important. It helps to project a fair market value of Euro Stock properly, considering its historical fundamentals such as Z Score. Since Euro Tech'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 Euro Tech'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 Euro Tech's interrelated accounts and indicators.
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, Euro Tech Holdings has a Z Score of 17.05. This is 318.92% higher than that of the Trading Companies & Distributors sector and 253.0% higher than that of the Industrials industry. The z score for all United States stocks is 95.53% lower than that of the firm.
Euro Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Euro Tech'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 Euro Tech could also be used in its relative valuation, which is a method of valuing Euro Tech by comparing valuation metrics of similar companies.Euro Tech is currently under evaluation in z score category among related companies.
Euro Tech Institutional Holders
Institutional Holdings refers to the ownership stake in Euro Tech that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Euro Tech'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 Euro Tech's value.Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 204.8 K | Onyx Bridge Wealth Group Llc | 2023-12-31 | 10.4 K | Ubs Group Ag | 2023-12-31 | 3.7 K | Cwm, Llc Duplicate | 2023-12-31 | 1.8 K | Bnp Paribas Arbitrage, Sa | 2023-09-30 | 0.0 |
Euro Fundamentals
Return On Equity | 0.0208 | ||||
Return On Asset | -0.0034 | ||||
Profit Margin | 0.02 % | ||||
Operating Margin | (0.09) % | ||||
Current Valuation | 6.76 M | ||||
Shares Outstanding | 7.72 M | ||||
Shares Owned By Insiders | 56.10 % | ||||
Shares Owned By Institutions | 2.91 % | ||||
Number Of Shares Shorted | 3.6 K | ||||
Price To Earning | 7.54 X | ||||
Price To Book | 0.80 X | ||||
Price To Sales | 0.68 X | ||||
Revenue | 14.95 M | ||||
Gross Profit | 5.7 M | ||||
EBITDA | 703 K | ||||
Net Income | 369 K | ||||
Cash And Equivalents | 5.27 M | ||||
Cash Per Share | 0.68 X | ||||
Total Debt | 422 K | ||||
Debt To Equity | 0.04 % | ||||
Current Ratio | 1.80 X | ||||
Book Value Per Share | 1.75 X | ||||
Cash Flow From Operations | 461 K | ||||
Short Ratio | 0.18 X | ||||
Earnings Per Share | 0.04 X | ||||
Number Of Employees | 49 | ||||
Beta | 0.86 | ||||
Market Capitalization | 10.96 M | ||||
Total Asset | 19.36 M | ||||
Retained Earnings | 3.63 M | ||||
Working Capital | 4.98 M | ||||
Current Asset | 8.51 M | ||||
Current Liabilities | 4.81 M | ||||
Z Score | 17.05 | ||||
Net Asset | 19.36 M |
About Euro Tech Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Euro Tech Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Euro Tech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Euro Tech Holdings 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.Euro Tech Holdings Company Limited primarily distributes water treatment equipment, laboratory instruments, analyzers, test kits and related supplies, and power generation equipment to commercial customers, and governmental agencies in Hong Kong and the Peoples Republic of China. The company was founded in 1971 and is headquartered in Hong Kong, Hong Kong. Euro Tech operates under Pollution Treatment Controls classification in the United States and is traded on NASDAQ Exchange. It employs 67 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 Euro Tech 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, Euro Tech's short interest history, or implied volatility extrapolated from Euro Tech options trading.
Pair Trading with Euro Tech
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 Euro Tech 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 Euro Tech will appreciate offsetting losses from the drop in the long position's value.Moving together with Euro Stock
0.72 | ERII | Energy Recovery Financial Report 1st of May 2024 | PairCorr |
Moving against Euro Stock
0.56 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
0.53 | CR | Crane Company Symbol Change | PairCorr |
0.5 | BV | BrightView Holdings Financial Report 2nd of May 2024 | PairCorr |
0.46 | ZWS | Zurn Elkay Water Financial Report 23rd of April 2024 | PairCorr |
0.45 | CP | Canadian Pacific Railway Financial Report 24th of April 2024 | PairCorr |
The ability to find closely correlated positions to Euro Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euro Tech 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 Euro Tech - 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 Euro Tech Holdings to buy it.
The correlation of Euro Tech 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 Euro Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Euro Tech Holdings 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 Euro Tech 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 Euro Tech Piotroski F Score and Euro Tech Valuation analysis. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Euro Stock analysis
When running Euro Tech's price analysis, check to measure Euro Tech'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 Euro Tech is operating at the current time. Most of Euro Tech's value examination focuses on studying past and present price action to predict the probability of Euro Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Euro Tech's price. Additionally, you may evaluate how the addition of Euro Tech to your portfolios can decrease your overall portfolio volatility.
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Is Euro Tech'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 Euro Tech. If investors know Euro 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 Euro Tech 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 0.819 | Earnings Share 0.04 | Revenue Per Share 2.092 | Quarterly Revenue Growth 0.182 | Return On Assets (0) |
The market value of Euro Tech Holdings is measured differently than its book value, which is the value of Euro that is recorded on the company's balance sheet. Investors also form their own opinion of Euro Tech's value that differs from its market value or its book value, called intrinsic value, which is Euro Tech'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 Euro Tech's market value can be influenced by many factors that don't directly affect Euro Tech'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 Euro Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Euro Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Euro Tech'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.