Costco Wholesale Corp Stock Z Score
| COST Stock | USD 723.89 1.21 0.17% |
Costco | Z Score |
Costco Wholesale Corp Company Z Score Analysis
Costco Wholesale'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..
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Costco Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Costco Wholesale is extremely important. It helps to project a fair market value of Costco Stock properly, considering its historical fundamentals such as Z Score. Since Costco Wholesale'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 Costco Wholesale'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 Costco Wholesale's interrelated accounts and indicators.
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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.
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In accordance with the company's disclosures, Costco Wholesale Corp has a Z Score of 0.0. This is 100.0% lower than that of the Consumer Staples Distribution & Retail sector and 100.0% lower than that of the Consumer Staples industry. The z score for all United States stocks is 100.0% higher than that of the company.
Costco Wholesale ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Costco Wholesale's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Costco Wholesale's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Costco Wholesale Institutional Holders
Institutional Holdings refers to the ownership stake in Costco Wholesale that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Costco Wholesale'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 Costco Wholesale's value.| Shares | Alliancebernstein L.p. | 2023-12-31 | 4.4 M | Jpmorgan Chase & Co | 2023-12-31 | 4.4 M | Royal Bank Of Canada | 2023-12-31 | 4.3 M | Nuveen Asset Management, Llc | 2023-12-31 | 3.9 M | Capital World Investors | 2023-12-31 | 3.5 M | Legal & General Group Plc | 2023-12-31 | 3.5 M | Jennison Associates Llc | 2023-12-31 | 3.4 M | Wells Fargo & Co | 2023-12-31 | 3.3 M | Ubs Group Ag | 2023-12-31 | 2.9 M | Vanguard Group Inc | 2023-12-31 | 40.4 M | Blackrock Inc | 2023-12-31 | 30.6 M |
Costco Fundamentals
| Return On Equity | 0.31 | ||||
| Return On Asset | 0.0835 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 316.42 B | ||||
| Shares Outstanding | 443.5 M | ||||
| Shares Owned By Insiders | 0.10 % | ||||
| Shares Owned By Institutions | 72.25 % | ||||
| Number Of Shares Shorted | 6.36 M | ||||
| Price To Earning | 40.61 X | ||||
| Price To Book | 15.62 X | ||||
| Price To Sales | 1.30 X | ||||
| Revenue | 242.29 B | ||||
| Gross Profit | 30.09 B | ||||
| EBITDA | 10.72 B | ||||
| Net Income | 6.29 B | ||||
| Cash And Equivalents | 13.7 B | ||||
| Cash Per Share | 24.96 X | ||||
| Total Debt | 8.88 B | ||||
| Debt To Equity | 0.53 % | ||||
| Current Ratio | 1.02 X | ||||
| Book Value Per Share | 46.80 X | ||||
| Cash Flow From Operations | 11.07 B | ||||
| Short Ratio | 2.54 X | ||||
| Earnings Per Share | 15.25 X | ||||
| Price To Earnings To Growth | 5.15 X | ||||
| Target Price | 782.4 | ||||
| Number Of Employees | 316 K | ||||
| Beta | 0.76 | ||||
| Market Capitalization | 320.51 B | ||||
| Total Asset | 68.99 B | ||||
| Retained Earnings | 19.52 B | ||||
| Working Capital | 2.3 B | ||||
| Current Asset | 15.22 B | ||||
| Current Liabilities | 15.57 B | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 0.83 % | ||||
| Net Asset | 68.99 B | ||||
| Last Dividend Paid | 4.08 |
About Costco Wholesale Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Costco Wholesale Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Costco Wholesale using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Costco Wholesale 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.
Pair Trading with Costco Wholesale
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 Costco Wholesale 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 Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.Moving against Costco Stock
| 0.57 | IH | IhumanInc | PairCorr |
| 0.56 | IMKTA | Ingles Markets rporated Earnings Call Next Week | PairCorr |
| 0.55 | ACI | Albertsons Companies Financial Report 23rd of July 2024 | PairCorr |
| 0.5 | FC | Franklin Covey Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale Corp to buy it.
The correlation of Costco Wholesale 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 Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp 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 Costco Wholesale 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 Costco Wholesale Piotroski F Score and Costco Wholesale 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 Costco Stock analysis
When running Costco Wholesale's price analysis, check to measure Costco Wholesale'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 Costco Wholesale is operating at the current time. Most of Costco Wholesale's value examination focuses on studying past and present price action to predict the probability of Costco Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costco Wholesale's price. Additionally, you may evaluate how the addition of Costco Wholesale to your portfolios can decrease your overall portfolio volatility.
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Is Costco Wholesale'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 Costco Wholesale. If investors know Costco 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 Costco Wholesale 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 0.188 | Dividend Share 4.08 | Earnings Share 15.25 | Revenue Per Share 560.607 | Quarterly Revenue Growth 0.057 |
The market value of Costco Wholesale Corp is measured differently than its book value, which is the value of Costco that is recorded on the company's balance sheet. Investors also form their own opinion of Costco Wholesale's value that differs from its market value or its book value, called intrinsic value, which is Costco Wholesale'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 Costco Wholesale's market value can be influenced by many factors that don't directly affect Costco Wholesale'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 Costco Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if Costco Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costco Wholesale'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.