Caesarstone Stock Z Score

CSTE Stock

USD 6.73 0.26 4.02%

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 Caesarstone Piotroski F Score and Caesarstone Valuation analysis.

For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.

At present, Caesarstone's Change In Working Capital is projected to increase significantly based on the last few years of reporting. The current year's Capital Expenditures is expected to grow to about 22.2 M, whereas Net Working Capital is forecasted to decline to about 186.6 M. At present, Caesarstone's Income Tax Expense is projected to increase significantly based on the last few years of reporting. The current year's Reconciled Depreciation is expected to grow to about 34.6 M, whereas Interest Expense is forecasted to decline to about 4.2 M.

Caesarstone Company Z Score Analysis

Caesarstone'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 )

Caesarstone Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Retained Earnings	Accounts Payable	Long Term Debt	Good Will	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Net Debt	Net Receivables	Total Current Assets	Short Term Debt	Short Term Investments	Net Tangible Assets	Short Long Term Debt	Deferred Long Term Liab	Long Term Investments	Long Term Debt Total	Capital Surpluse	Treasury Stock	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.93	0.93	0.77	-0.22	-0.09	0.85	-0.65	0.62	0.92	0.49	0.1	0.95	0.97	-0.22	-0.67	0.89	-0.26	-0.37	0.39	-0.43	0.57	0.07	0.06	-0.37	-0.08
Total Stockholder Equity	0.93		0.98	0.73	-0.23	0.04	0.59	-0.75	0.67	0.78	0.28	-0.23	0.98	0.94	-0.5	-0.75	0.86	-0.43	-0.19	0.56	-0.39	0.4	-0.05	0.14	-0.22	-0.02
Retained Earnings	0.93	0.98		0.72	-0.21	0.01	0.63	-0.69	0.56	0.79	0.26	-0.22	0.95	0.93	-0.38	-0.78	0.89	-0.4	-0.21	0.59	-0.41	0.42	-0.06	0.15	-0.21	0.0
Accounts Payable	0.77	0.73	0.72		-0.2	0.01	0.63	-0.49	0.38	0.62	0.43	0.06	0.76	0.74	-0.33	-0.47	0.56	-0.16	-0.38	0.28	-0.23	0.25	-0.14	0.21	-0.2	0.0
Long Term Debt	-0.22	-0.23	-0.21	-0.2		0.53	-0.15	0.53	-0.51	-0.31	-0.49	-0.16	-0.29	-0.32	-0.04	0.13	-0.44	0.36	0.11	0.31	0.53	-0.49	-0.5	0.61	0.44	0.5
Good Will	-0.09	0.04	0.01	0.01	0.53		-0.25	0.15	-0.17	-0.26	-0.56	-0.54	-0.07	-0.18	-0.48	-0.12	-0.32	0.05	0.26	0.69	0.61	-0.64	-0.71	0.84	0.62	0.7
Total Liab	0.85	0.59	0.63	0.63	-0.15	-0.25		-0.3	0.38	0.88	0.66	0.55	0.67	0.76	0.24	-0.37	0.7	0.06	-0.55	0.04	-0.4	0.67	0.22	-0.06	-0.49	-0.14
Intangible Assets	-0.65	-0.75	-0.69	-0.49	0.53	0.15	-0.3		-0.84	-0.62	-0.32	0.26	-0.77	-0.72	0.44	0.56	-0.71	0.52	-0.07	-0.25	0.29	-0.41	-0.25	0.23	0.25	0.19
Common Stock	0.62	0.67	0.56	0.38	-0.51	-0.17	0.38	-0.84		0.63	0.43	-0.04	0.72	0.7	-0.45	-0.31	0.64	-0.47	-0.18	0.07	-0.45	0.56	0.41	-0.34	-0.43	-0.31
Property Plant Equipment	0.92	0.78	0.79	0.62	-0.31	-0.26	0.88	-0.62	0.63		0.59	0.28	0.82	0.86	0.0	-0.59	0.9	-0.32	-0.33	0.19	-0.48	0.75	0.35	-0.19	-0.52	-0.19
Current Deferred Revenue	0.49	0.28	0.26	0.43	-0.49	-0.56	0.66	-0.32	0.43	0.59		0.73	0.41	0.49	0.31	0.13	0.47	0.08	-0.33	-0.44	-0.63	0.7	0.59	-0.53	-0.78	-0.6
Net Debt	0.1	-0.23	-0.22	0.06	-0.16	-0.54	0.55	0.26	-0.04	0.28	0.73		-0.1	0.02	0.67	0.37	0.03	0.39	-0.39	-0.71	-0.36	0.47	0.47	-0.43	-0.62	-0.47
Net Receivables	0.95	0.98	0.95	0.76	-0.29	-0.07	0.67	-0.77	0.72	0.82	0.41	-0.1		0.97	-0.44	-0.68	0.86	-0.37	-0.23	0.42	-0.41	0.47	0.02	0.05	-0.29	-0.1
Total Current Assets	0.97	0.94	0.93	0.74	-0.32	-0.18	0.76	-0.72	0.7	0.86	0.49	0.02	0.97		-0.27	-0.61	0.9	-0.27	-0.41	0.34	-0.5	0.61	0.13	-0.05	-0.37	-0.14
Short Term Debt	-0.22	-0.5	-0.38	-0.33	-0.04	-0.48	0.24	0.44	-0.45	0.0	0.31	0.67	-0.44	-0.27		0.3	-0.1	0.52	-0.2	-0.54	-0.14	0.29	0.37	-0.37	-0.28	-0.19
Short Term Investments	-0.67	-0.75	-0.78	-0.47	0.13	-0.12	-0.37	0.56	-0.31	-0.59	0.13	0.37	-0.68	-0.61	0.3		-0.65	0.4	-0.15	-0.6	0.06	-0.09	0.26	-0.3	-0.13	-0.27
Net Tangible Assets	0.89	0.86	0.89	0.56	-0.44	-0.32	0.7	-0.71	0.64	0.9	0.47	0.03	0.86	0.9	-0.1	-0.65		-0.49	-0.33	0.32	-0.65	0.76	0.38	-0.27	-0.53	-0.31
Short Long Term Debt	-0.26	-0.43	-0.4	-0.16	0.36	0.05	0.06	0.52	-0.47	-0.32	0.08	0.39	-0.37	-0.27	0.52	0.4	-0.49		-0.08	-0.33	0.35	-0.32	-0.36	0.29	0.3	0.36
Deferred Long Term Liab	-0.37	-0.19	-0.21	-0.38	0.11	0.26	-0.55	-0.07	-0.18	-0.33	-0.33	-0.39	-0.23	-0.41	-0.2	-0.15	-0.33	-0.08		0.13	0.45	-0.57	-0.27	0.2	0.45	0.27
Long Term Investments	0.39	0.56	0.59	0.28	0.31	0.69	0.04	-0.25	0.07	0.19	-0.44	-0.71	0.42	0.34	-0.54	-0.6	0.32	-0.33	0.13		0.22	-0.23	-0.53	0.66	0.4	0.52
Long Term Debt Total	-0.43	-0.39	-0.41	-0.23	0.53	0.61	-0.4	0.29	-0.45	-0.48	-0.63	-0.36	-0.41	-0.5	-0.14	0.06	-0.65	0.35	0.45	0.22		-0.79	-0.67	0.64	0.87	0.8
Capital Surpluse	0.57	0.4	0.42	0.25	-0.49	-0.64	0.67	-0.41	0.56	0.75	0.7	0.47	0.47	0.61	0.29	-0.09	0.76	-0.32	-0.57	-0.23	-0.79		0.82	-0.71	-0.84	-0.64
Treasury Stock	0.07	-0.05	-0.06	-0.14	-0.5	-0.71	0.22	-0.25	0.41	0.35	0.59	0.47	0.02	0.13	0.37	0.26	0.38	-0.36	-0.27	-0.53	-0.67	0.82		-0.94	-0.83	-0.8
Net Invested Capital	0.06	0.14	0.15	0.21	0.61	0.84	-0.06	0.23	-0.34	-0.19	-0.53	-0.43	0.05	-0.05	-0.37	-0.3	-0.27	0.29	0.2	0.66	0.64	-0.71	-0.94		0.74	0.82
Net Working Capital	-0.37	-0.22	-0.21	-0.2	0.44	0.62	-0.49	0.25	-0.43	-0.52	-0.78	-0.62	-0.29	-0.37	-0.28	-0.13	-0.53	0.3	0.45	0.4	0.87	-0.84	-0.83	0.74		0.89
Capital Stock	-0.08	-0.02	0.0	0.0	0.5	0.7	-0.14	0.19	-0.31	-0.19	-0.6	-0.47	-0.1	-0.14	-0.19	-0.27	-0.31	0.36	0.27	0.52	0.8	-0.64	-0.8	0.82	0.89

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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.

Competition

Predict Caesarstone

In accordance with the company's disclosures, Caesarstone has a Z Score of 0.0. This is 100.0% lower than that of the Building Products sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Caesarstone Institutional Holders

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

		Shares
Acuitas Investments, Llc	2023-12-31	162.6 K
Analyst Ims Investment Management Services Ltd.	2023-12-31	156.4 K
Goldman Sachs Group Inc	2023-12-31	121.5 K
Meitav Dash Investments Ltd	2023-12-31	75.8 K
Gsa Capital Partners Llp	2023-12-31	71.6 K
Ubs Group Ag	2023-12-31	71.5 K
Two Sigma Advisers, Llc	2023-12-31	70.5 K
Legato Capital Management Llc	2023-12-31	69.8 K
Bridgeway Capital Management, Llc	2023-12-31	68.5 K
Phoenix Holdings Ltd	2023-12-31	3.9 M
Global Alpha Capital Management Ltd.	2023-12-31	3 M

Caesarstone Fundamentals

	Return On Equity	-0.29
	Return On Asset	-0.0387
	Profit Margin	(0.19) %
	Operating Margin	(0.06) %
	Current Valuation	286.12 M
	Shares Outstanding	34.54 M
	Shares Owned By Insiders	30.22 %
	Shares Owned By Institutions	46.02 %
	Number Of Shares Shorted	62.6 K
	Price To Earning	14.77 X
	Price To Book	0.58 X
	Price To Sales	0.33 X
	Revenue	565.23 M
	Gross Profit	163.48 M
	EBITDA	(11.55 M)
	Net Income	(107.66 M)
	Cash And Equivalents	59.89 M
	Cash Per Share	1.74 X
	Total Debt	146 M
	Debt To Equity	0.29 %
	Current Ratio	2.33 X
	Book Value Per Share	9.12 X
	Cash Flow From Operations	66.43 M
	Short Ratio	1.07 X
	Earnings Per Share	(3.13) X
	Price To Earnings To Growth	1.03 X
	Target Price	5.5
	Number Of Employees	1.81 K
	Beta	0.41
	Market Capitalization	223.45 M
	Total Asset	579.86 M
	Retained Earnings	203.65 M
	Working Capital	198.72 M
	Current Asset	249.7 M
	Current Liabilities	80.86 M
	Net Asset	579.86 M

About Caesarstone Fundamental Analysis

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

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

Pair Trading with Caesarstone

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

Moving against Caesarstone Stock

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0.63	ROCK	Gibraltar Industries Earnings Call This Week	Pair Corr
0.57	FBIN	Fortune Brands Innov Earnings Call This Week	Pair Corr

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

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

How To Invest In Caesarstone

Details

Is Caesarstone Stock a good investment?

Details

What is Caesarstone's Net Worth?

Details

Largest Building Products Companies

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Largest Building Products & Equipment Companies

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Check out Caesarstone Piotroski F Score and Caesarstone Valuation analysis.

For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.

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 Caesarstone Stock analysis

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

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Is Caesarstone'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 Caesarstone. If investors know Caesarstone 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 Caesarstone 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

5.869

Earnings Share

(3.13)

Revenue Per Share

16.374

Quarterly Revenue Growth

(0.19)

Return On Assets

(0.04)

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

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Caesarstone Stock Z Score

Caesarstone 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 )

Caesarstone Z Score Driver Correlations

Caesarstone Institutional Holders

Caesarstone Fundamentals

About Caesarstone Fundamental Analysis

Pair Trading with Caesarstone

Moving against Caesarstone Stock

Complementary Tools for Caesarstone Stock analysis

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