Charles River Laboratories Stock Z Score

CRL Stock

USD 232.56 5.78 2.55%

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 Charles River Piotroski F Score and Charles River Valuation analysis.

At this time, Charles River's Additional Paid In Capital is quite stable compared to the past year. Capital Stock is expected to rise to about 549.3 K this year, although the value of Net Invested Capital will most likely fall to about 4.7 B. At this time, Charles River's Other Operating Expenses is quite stable compared to the past year. Operating Income is expected to rise to about 648.1 M this year, although the value of Minority Interest is projected to rise to (5.3 M).

Charles River Laboratories Company Z Score Analysis

Charles River'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 )

Charles Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Intangible Assets	Long Term Debt	Good Will	Property Plant Equipment	Short Term Investments	Treasury Stock	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.98	0.99	0.93	0.97	0.98	0.99	0.99	0.63	-0.19	0.86	0.99	1.0	0.97	-0.51	0.65	-0.9	0.99	-0.65	0.96	0.89	-0.7	0.92	0.94	0.2	0.86
Total Stockholder Equity	0.99		0.95	0.97	0.96	0.94	0.96	0.97	0.98	0.72	-0.2	0.79	0.96	0.99	0.98	-0.5	0.65	-0.83	0.98	-0.64	0.94	0.87	-0.72	0.89	0.94	0.31	0.91
Current Deferred Revenue	0.98	0.95		0.98	0.9	0.97	0.98	0.99	0.97	0.53	-0.23	0.9	0.99	0.98	0.92	-0.52	0.66	-0.92	0.97	-0.63	0.97	0.92	-0.62	0.92	0.92	0.13	0.8
Net Debt	0.99	0.97	0.98		0.9	0.98	0.98	1.0	0.98	0.57	-0.18	0.89	1.0	0.99	0.96	-0.53	0.65	-0.93	0.98	-0.65	0.96	0.9	-0.7	0.91	0.94	0.13	0.83
Retained Earnings	0.93	0.96	0.9	0.9		0.89	0.89	0.89	0.9	0.73	-0.3	0.71	0.89	0.94	0.92	-0.42	0.62	-0.76	0.95	-0.52	0.88	0.82	-0.77	0.81	0.9	0.38	0.9
Accounts Payable	0.97	0.94	0.97	0.98	0.89		0.95	0.98	0.94	0.47	-0.22	0.9	0.98	0.97	0.92	-0.49	0.63	-0.92	0.95	-0.58	0.94	0.92	-0.71	0.9	0.94	0.04	0.79
Net Receivables	0.98	0.96	0.98	0.98	0.89	0.95		0.99	0.99	0.59	-0.11	0.87	0.98	0.97	0.94	-0.44	0.59	-0.9	0.96	-0.6	0.96	0.88	-0.62	0.91	0.9	0.2	0.81
Total Liab	0.99	0.97	0.99	1.0	0.89	0.98	0.99		0.98	0.56	-0.18	0.9	1.0	0.99	0.95	-0.52	0.65	-0.93	0.98	-0.65	0.97	0.9	-0.67	0.92	0.93	0.12	0.82
Total Current Assets	0.99	0.98	0.97	0.98	0.9	0.94	0.99	0.98		0.65	-0.09	0.83	0.97	0.97	0.96	-0.43	0.58	-0.86	0.96	-0.61	0.95	0.86	-0.64	0.9	0.9	0.24	0.84
Short Term Debt	0.63	0.72	0.53	0.57	0.73	0.47	0.59	0.56	0.65		-0.02	0.21	0.54	0.63	0.74	-0.3	0.33	-0.32	0.65	-0.38	0.53	0.37	-0.55	0.47	0.57	0.71	0.79
Common Stock	-0.19	-0.2	-0.23	-0.18	-0.3	-0.22	-0.11	-0.18	-0.09	-0.02		-0.3	-0.2	-0.26	-0.06	0.55	-0.81	0.25	-0.29	0.61	-0.31	-0.36	0.06	-0.39	-0.36	0.03	-0.17
Intangible Assets	0.86	0.79	0.9	0.89	0.71	0.9	0.87	0.9	0.83	0.21	-0.3		0.9	0.86	0.74	-0.49	0.65	-0.95	0.84	-0.62	0.91	0.91	-0.5	0.91	0.87	-0.06	0.51
Long Term Debt	0.99	0.96	0.99	1.0	0.89	0.98	0.98	1.0	0.97	0.54	-0.2	0.9		0.99	0.94	-0.53	0.66	-0.95	0.98	-0.66	0.97	0.89	-0.68	0.92	0.93	0.1	0.81
Good Will	1.0	0.99	0.98	0.99	0.94	0.97	0.97	0.99	0.97	0.63	-0.26	0.86	0.99		0.96	-0.53	0.69	-0.9	1.0	-0.66	0.97	0.89	-0.73	0.91	0.95	0.19	0.87
Property Plant Equipment	0.97	0.98	0.92	0.96	0.92	0.92	0.94	0.95	0.96	0.74	-0.06	0.74	0.94	0.96		-0.47	0.55	-0.8	0.95	-0.57	0.88	0.82	-0.77	0.82	0.91	0.32	0.89
Short Term Investments	-0.51	-0.5	-0.52	-0.53	-0.42	-0.49	-0.44	-0.52	-0.43	-0.3	0.55	-0.49	-0.53	-0.53	-0.47		-0.79	0.52	-0.55	0.8	-0.52	-0.52	0.22	-0.54	-0.58	-0.01	-0.45
Treasury Stock	0.65	0.65	0.66	0.65	0.62	0.63	0.59	0.65	0.58	0.33	-0.81	0.65	0.66	0.69	0.55	-0.79		-0.64	0.71	-0.93	0.73	0.7	-0.31	0.78	0.73	0.01	0.57
Net Tangible Assets	-0.9	-0.83	-0.92	-0.93	-0.76	-0.92	-0.9	-0.93	-0.86	-0.32	0.25	-0.95	-0.95	-0.9	-0.8	0.52	-0.64		-0.9	0.62	-0.93	-0.82	0.6	-0.89	-0.84	0.1	-0.63
Long Term Debt Total	0.99	0.98	0.97	0.98	0.95	0.95	0.96	0.98	0.96	0.65	-0.29	0.84	0.98	1.0	0.95	-0.55	0.71	-0.9		-0.68	0.96	0.87	-0.72	0.91	0.94	0.21	0.87
Capital Surpluse	-0.65	-0.64	-0.63	-0.65	-0.52	-0.58	-0.6	-0.65	-0.61	-0.38	0.61	-0.62	-0.66	-0.66	-0.57	0.8	-0.93	0.62	-0.68		-0.72	-0.62	0.22	-0.78	-0.68	-0.03	-0.53
Deferred Long Term Liab	0.96	0.94	0.97	0.96	0.88	0.94	0.96	0.97	0.95	0.53	-0.31	0.91	0.97	0.97	0.88	-0.52	0.73	-0.93	0.96	-0.72		0.89	-0.57	0.96	0.91	0.1	0.79
Long Term Investments	0.89	0.87	0.92	0.9	0.82	0.92	0.88	0.9	0.86	0.37	-0.36	0.91	0.89	0.89	0.82	-0.52	0.7	-0.82	0.87	-0.62	0.89		-0.55	0.9	0.94	0.14	0.65
Short Long Term Debt	-0.7	-0.72	-0.62	-0.7	-0.77	-0.71	-0.62	-0.67	-0.64	-0.55	0.06	-0.5	-0.68	-0.73	-0.77	0.22	-0.31	0.6	-0.72	0.22	-0.57	-0.55		-0.48	-0.72	-0.21	-0.7
Cash And Equivalents	0.92	0.89	0.92	0.91	0.81	0.9	0.91	0.92	0.9	0.47	-0.39	0.91	0.92	0.91	0.82	-0.54	0.78	-0.89	0.91	-0.78	0.96	0.9	-0.48		0.91	0.13	0.67
Net Invested Capital	0.94	0.94	0.92	0.94	0.9	0.94	0.9	0.93	0.9	0.57	-0.36	0.87	0.93	0.95	0.91	-0.58	0.73	-0.84	0.94	-0.68	0.91	0.94	-0.72	0.91		0.26	0.77
Net Working Capital	0.2	0.31	0.13	0.13	0.38	0.04	0.2	0.12	0.24	0.71	0.03	-0.06	0.1	0.19	0.32	-0.01	0.01	0.1	0.21	-0.03	0.1	0.14	-0.21	0.13	0.26		0.26
Capital Stock	0.86	0.91	0.8	0.83	0.9	0.79	0.81	0.82	0.84	0.79	-0.17	0.51	0.81	0.87	0.89	-0.45	0.57	-0.63	0.87	-0.53	0.79	0.65	-0.7	0.67	0.77	0.26

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 Charles River

In accordance with the company's disclosures, Charles River Laboratories has a Z Score of 0.0. This is 100.0% lower than that of the Life Sciences Tools & Services sector and 100.0% lower than that of the Health Care industry. The z score for all United States stocks is 100.0% higher than that of the company.

Charles River Institutional Holders

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

		Shares
Amvescap Plc.	2023-12-31	948.3 K
Mackenzie Investments	2023-12-31	917.9 K
Earnest Partners Llc	2023-12-31	889.4 K
Franklin Resources Inc	2023-12-31	763 K
Bank Of America Corp	2023-12-31	736.1 K
Montrusco Bolton Investments Inc	2023-12-31	722.1 K
Fidelity International Ltd	2023-12-31	662.6 K
Sei Investments Co	2023-12-31	568.2 K
Wells Fargo & Co	2023-12-31	545.5 K
Vanguard Group Inc	2023-12-31	6 M
Blackrock Inc	2023-12-31	5.2 M

Charles Fundamentals

	Return On Equity	0.14
	Return On Asset	0.0519
	Profit Margin	0.11 %
	Operating Margin	0.15 %
	Current Valuation	14.85 B
	Shares Outstanding	51.51 M
	Shares Owned By Insiders	0.97 %
	Shares Owned By Institutions	99.03 %
	Number Of Shares Shorted	1.58 M
	Price To Earning	33.74 X
	Price To Book	3.46 X
	Price To Sales	3.01 X
	Revenue	4.13 B
	Gross Profit	1.46 B
	EBITDA	1.03 B
	Net Income	480.37 M
	Cash And Equivalents	233.91 M
	Cash Per Share	3.96 X
	Total Debt	3.07 B
	Debt To Equity	1.27 %
	Current Ratio	1.33 X
	Book Value Per Share	70.06 X
	Cash Flow From Operations	683.9 M
	Short Ratio	3.18 X
	Earnings Per Share	9.21 X
	Price To Earnings To Growth	1.87 X
	Target Price	270.8
	Number Of Employees	20.4 K
	Beta	1.41
	Market Capitalization	11.98 B
	Total Asset	8.2 B
	Retained Earnings	1.89 B
	Working Capital	553.58 M
	Current Asset	559.23 M
	Current Liabilities	311.76 M
	Net Asset	8.2 B

About Charles River Fundamental Analysis

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

Charles River Investors Sentiment

The influence of Charles River'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 Charles. 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 market does not have solid backing from leading economists and market statisticians.

Investor biases related to Charles River's public news can be used to forecast risks associated with an investment in Charles. The trend in average sentiment can be used to explain how an investor holding Charles can time the market purely based on public headlines and social activities around Charles River Laboratories. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Charles River'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 Charles River'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 Charles River's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Charles River.

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 Charles River 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, Charles River's short interest history, or implied volatility extrapolated from Charles River options trading.

Pair Trading with Charles River

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

Moving together with Charles Stock

0.86	A	Agilent Technologies Earnings Call This Week	Pair Corr
0.82	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr

Moving against Charles Stock

0.42	EVO	Evotec SE ADR Earnings Call Tomorrow	Pair Corr
0.41	GILD	Gilead Sciences Earnings Call This Week	Pair Corr

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

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

How To Invest In Charles

Details

Is Charles Stock a good investment?

Details

What is Charles River's Net Worth?

Details

Largest Life Sciences Tools & Services Companies

View

Largest Pharmaceuticals, Biotechnology & Life Sciences Companies

View

Check out Charles River Piotroski F Score and Charles River Valuation analysis.

You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for Charles Stock analysis

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

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Is Charles River'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 Charles River. If investors know Charles 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 Charles River 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

(0.01)

Earnings Share

9.21

Revenue Per Share

80.61

Quarterly Revenue Growth

(0.08)

Return On Assets

0.0519

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

Charles River Laboratories 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 )

Charles Z Score Driver Correlations

Charles River Institutional Holders

Charles Fundamentals

About Charles River Fundamental Analysis

Charles River Investors Sentiment

Pair Trading with Charles River

Moving together with Charles Stock

Moving against Charles Stock

Complementary Tools for Charles Stock analysis

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