CVS Health Z Score

CVS -- USA Stock  

USD 74.09  2.48  3.24%

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 also CVS Health Piotroski F Score and CVS Health Valuation analysis.
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Z Score Analysis

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 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 late 1960s at New York University..
CVS Health 
Z Score 
 = 
Sum Of  
 
5 Factors 
 = 
2.6
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 )

CVS Health Distress Driver Correlations

About Z Score

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 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 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
Accumulated Other Comprehensive Income
CVS Health Corporation has Z Score of 2.6. This is 118.49% higher than that of the Healthcare sector, and 58.53% lower than that of Health Care Plans industry, The Z Score for all stocks is 99.63% higher than the company.

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CVS Health Institutional Holders

Current Institutional Investors

Security TypeSharesValue
Vanguard Group IncCommon Shares84.9 M6.7 B
Blackrock IncCommon Shares76.2 M6 B
State Street CorpCommon Shares41.5 M3.3 B
Fmr LlcCommon Shares30.1 M2.4 B
Price T Rowe Associates IncCommon Shares21.2 M1.7 B
Barrow Hanley Mewhinney Strauss LlcCommon Shares19.8 M1.6 B
Wellington Management Group LlpCommon Shares18.2 M1.4 B


 
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