Comtech Z Score

CMTL Stock  USD 14.86  0.08  0.54%   
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. Continue to Comtech Telecommunicatio Piotroski F Score and Comtech Telecommunicatio Valuation analysis.
  
Working Capital is expected to hike to about 114.8 M this year, although the value of Capital Expenditure will most likely fall to (14.8 M). Comtech Telecommunicatio Direct Expenses is relatively stable at the moment as compared to the past year. The company's current value of Direct Expenses is estimated at 276.98 Million. Interest Expense is expected to hike to about 8.5 M this year, although the value of Cost of Revenue will most likely fall to nearly 389.6 M.

Comtech Z Score Analysis

Comtech Telecommunicatio'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

Current Comtech Telecommunicatio Z Score

    
  1.8  
Most of Comtech Telecommunicatio'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, Comtech Telecommunications Corp 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 )

Comtech Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Comtech Telecommunicatio is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Comtech Telecommunicatio'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 Comtech Telecommunicatio'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 Comtech Telecommunicatio's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score 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 high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Comtech Telecommunications Corp has a Z Score of 1.8. This is 86.62% lower than that of the Communications Equipment sector and 94.43% lower than that of the Information Technology industry. The z score for all United States stocks is 79.36% higher than that of the company.

Comtech Z Score Peer Comparison

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

Comtech Telecommunicatio Current Valuation Drivers

We derive many important indicators used in calculating different scores of Comtech Telecommunicatio from analyzing Comtech Telecommunicatio's financial statements. These drivers represent accounts that assess Comtech Telecommunicatio's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Comtech Telecommunicatio's important valuation drivers and their relationship over time.
201820192020202120222023 (projected)
Net Income Per Employee12.44 K3.44 K(36.05 K)(16.58 K)(19.07 K)(19.57 K)
Revenue Per Employee333.73 K302.38 K285.42 K243.97 K280.57 K338.05 K
Average Assets832.03 M875.37 M940.59 M964.2 M1.11 B1.03 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA68.44 M47.33 M(37.94 M)(1.05 M)(1.21 M)(1.24 M)
Earnings Before Interest Taxes and Depreciation Amortization USD48.48 M50.08 M25.93 M(58.78 M)(52.9 M)(54.29 M)
Earnings before Tax24.63 M28.91 M9.31 M(74.98 M)(67.48 M)(69.26 M)
Average Equity492.53 M519.75 M545.99 M478.94 M550.79 M556.18 M
Enterprise Value932.8 M848.16 M549.21 M877.04 M1.01 B859.84 M
Free Cash Flow41.7 M59.25 M45.54 M(56.67 M)(51.01 M)(52.35 M)
Invested Capital272.83 M290.17 M315.38 M391.7 M450.46 M381.01 M
Invested Capital Average287.55 M313.82 M338.7 M398.13 M457.85 M396.14 M
Market Capitalization794.37 M718.34 M406.1 M650.94 M748.58 M691.95 M
Tangible Asset Value313.73 M315.33 M341.11 M376.71 M339.04 M332.45 M
Working Capital114.48 M134.97 M117.39 M83.94 M75.54 M114.83 M

Comtech Telecommunicatio Institutional Holders

Institutional Holdings refers to the ownership stake in Comtech Telecommunicatio that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Comtech Telecommunicatio'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 Comtech Telecommunicatio's value.
Security TypeSharesValue
Zurich Insurance Group LtdCommon Shares72 KM
Zurich Insurance Group LtdCommon Shares72 K1.2 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.5 K25 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.5 K23 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.5 K39 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.5 K60 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.5 K64 K

Comtech Fundamentals

About Comtech Telecommunicatio Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Comtech Telecommunications Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Comtech Telecommunicatio using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Comtech Telecommunications Corp 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.
Comtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. Comtech Telecommunications Corp. was founded in 1967 and is headquartered in Melville, New York. Comtech Telecom operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 1993 people.

Comtech Telecommunicatio Investors Sentiment

The influence of Comtech Telecommunicatio's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Comtech. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Comtech Telecommunicatio's public news can be used to forecast risks associated with investment in Comtech. The trend in average sentiment can be used to explain how an investor holding Comtech can time the market purely based on public headlines and social activities around Comtech Telecommunications Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Comtech Telecommunicatio's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Comtech Telecommunicatio's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Comtech Telecommunicatio's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Comtech Telecommunicatio.
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 Comtech Telecommunicatio 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, Comtech Telecommunicatio's short interest history, or implied volatility extrapolated from Comtech Telecommunicatio options trading.

Pair Trading with Comtech Telecommunicatio

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

Moving together with Comtech Telecommunicatio

+0.68CSCOCisco Systems Aggressive PushPairCorr
+0.88DLBDolby Laboratories Earnings Call This WeekPairCorr
The ability to find closely correlated positions to Comtech Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comtech Telecommunicatio 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 Comtech Telecommunicatio - 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 Comtech Telecommunications Corp to buy it.
The correlation of Comtech Telecommunicatio is a statistical measure of how it moves in relation to other equities. 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 Comtech Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comtech Telecommunicatio 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 Comtech Telecommunicatio 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
Continue to Comtech Telecommunicatio Piotroski F Score and Comtech Telecommunicatio Valuation analysis. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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Is Comtech Telecommunicatio'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 Comtech Telecommunicatio. If investors know Comtech 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 Comtech Telecommunicatio 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
5.87
Market Capitalization
415 M
Quarterly Revenue Growth
0.123
Return On Assets
(0.0027) 
Return On Equity
(0.07) 
The market value of Comtech Telecommunicatio is measured differently than its book value, which is the value of Comtech that is recorded on the company's balance sheet. Investors also form their own opinion of Comtech Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is Comtech Telecommunicatio'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 Comtech Telecommunicatio's market value can be influenced by many factors that don't directly affect Comtech Telecommunicatio'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 Comtech Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine Comtech Telecommunicatio value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comtech Telecommunicatio'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.