Community Health Systems Stock Z Score

CYH Stock

USD 2.84 0.02 0.70%

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 Community Health Piotroski F Score and Community Health Valuation analysis.

As of now, Community Health's Additional Paid In Capital is increasing as compared to previous years. The Community Health's current Capital Lease Obligations is estimated to increase to about 750.4 M, while Capital Surpluse is projected to decrease to under 2 B. As of now, Community Health's Income Before Tax is decreasing as compared to previous years. The Community Health's current Total Other Income Expense Net is estimated to increase to about 175.3 M, while Interest Expense is projected to decrease to under 623.8 M.

Community Health Systems Company Z Score Analysis

Community Health'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 )

Community Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.54	0.88	0.38	0.96	0.98	0.93	0.95	0.57	0.37	0.59	0.9	0.97	-0.49	0.97	0.63	-0.26	0.73	0.37	0.22	-0.69	0.11	0.29	-0.01	0.27	0.25	0.17
Total Stockholder Equity	0.54		0.12	0.98	0.43	0.45	0.21	0.36	0.14	0.71	-0.18	0.13	0.59	0.03	0.62	0.94	0.62	0.07	-0.49	0.7	0.16	0.84	0.7	-0.25	0.74	0.71	0.3
Net Debt	0.88	0.12		-0.06	0.9	0.92	0.98	0.89	0.6	0.02	0.74	0.99	0.83	-0.61	0.81	0.24	-0.65	0.84	0.7	-0.1	-0.89	-0.31	0.0	0.01	0.0	-0.1	0.14
Retained Earnings	0.38	0.98	-0.06		0.26	0.28	0.04	0.2	0.02	0.7	-0.33	-0.05	0.43	0.12	0.47	0.9	0.74	-0.1	-0.64	0.7	0.33	0.9	0.71	-0.26	0.78	0.75	0.32
Accounts Payable	0.96	0.43	0.9	0.26		0.97	0.94	0.94	0.49	0.32	0.73	0.91	0.9	-0.41	0.96	0.53	-0.31	0.7	0.45	0.16	-0.74	0.0	0.13	-0.03	0.18	0.13	0.13
Net Receivables	0.98	0.45	0.92	0.28	0.97		0.95	0.93	0.63	0.23	0.66	0.93	0.94	-0.47	0.95	0.57	-0.34	0.78	0.46	0.18	-0.76	-0.02	0.26	-0.1	0.22	0.14	0.13
Total Liab	0.93	0.21	0.98	0.04	0.94	0.95		0.96	0.62	0.13	0.74	0.99	0.87	-0.61	0.87	0.34	-0.56	0.8	0.63	-0.04	-0.86	-0.22	0.06	0.12	0.05	0.03	0.17
Total Current Assets	0.95	0.36	0.89	0.2	0.94	0.93	0.96		0.63	0.27	0.67	0.92	0.89	-0.55	0.9	0.49	-0.39	0.72	0.48	0.09	-0.76	-0.07	0.19	0.24	0.15	0.23	0.18
Short Term Debt	0.57	0.14	0.6	0.02	0.49	0.63	0.62	0.63		-0.07	0.38	0.59	0.55	-0.46	0.46	0.33	-0.38	0.52	0.44	0.07	-0.53	-0.28	0.49	0.18	0.0	0.06	0.14
Intangible Assets	0.37	0.71	0.02	0.7	0.32	0.23	0.13	0.27	-0.07		-0.1	0.05	0.37	0.08	0.43	0.65	0.5	-0.07	-0.39	0.6	0.3	0.69	0.35	-0.16	0.47	0.46	0.21
Common Stock	0.59	-0.18	0.74	-0.33	0.73	0.66	0.74	0.67	0.38	-0.1		0.74	0.47	-0.12	0.6	-0.02	-0.56	0.55	0.71	-0.25	-0.77	-0.52	-0.34	0.04	-0.46	-0.42	-0.34
Long Term Debt	0.9	0.13	0.99	-0.05	0.91	0.93	0.99	0.92	0.59	0.05	0.74		0.85	-0.63	0.83	0.25	-0.63	0.84	0.68	-0.11	-0.89	-0.3	0.01	0.08	0.02	-0.04	0.14
Good Will	0.97	0.59	0.83	0.43	0.9	0.94	0.87	0.89	0.55	0.37	0.47	0.85		-0.47	0.94	0.64	-0.25	0.79	0.36	0.28	-0.65	0.2	0.33	-0.08	0.29	0.27	0.14
Treasury Stock	-0.49	0.03	-0.61	0.12	-0.41	-0.47	-0.61	-0.55	-0.46	0.08	-0.12	-0.63	-0.47		-0.34	-0.04	0.55	-0.45	-0.33	0.22	0.61	0.24	-0.09	-0.31	-0.17	-0.08	-0.55
Property Plant Equipment	0.97	0.62	0.81	0.47	0.96	0.95	0.87	0.9	0.46	0.43	0.6	0.83	0.94	-0.34		0.69	-0.12	0.64	0.25	0.25	-0.6	0.19	0.3	-0.12	0.32	0.28	0.11
Current Deferred Revenue	0.63	0.94	0.24	0.9	0.53	0.57	0.34	0.49	0.33	0.65	-0.02	0.25	0.64	-0.04	0.69		0.52	0.13	-0.39	0.76	0.04	0.7	0.72	-0.24	0.67	0.64	0.28
Net Tangible Assets	-0.26	0.62	-0.65	0.74	-0.31	-0.34	-0.56	-0.39	-0.38	0.5	-0.56	-0.63	-0.25	0.55	-0.12	0.52		-0.7	-0.92	0.53	0.79	0.79	0.47	-0.24	0.55	0.55	0.15
Long Term Debt Total	0.73	0.07	0.84	-0.1	0.7	0.78	0.8	0.72	0.52	-0.07	0.55	0.84	0.79	-0.45	0.64	0.13	-0.7		0.76	-0.06	-0.81	-0.28	-0.02	-0.04	-0.1	-0.1	-0.17
Capital Surpluse	0.37	-0.49	0.7	-0.64	0.45	0.46	0.63	0.48	0.44	-0.39	0.71	0.68	0.36	-0.33	0.25	-0.39	-0.92	0.76		-0.38	-0.82	-0.74	-0.46	0.17	-0.58	-0.54	-0.28
Deferred Long Term Liab	0.22	0.7	-0.1	0.7	0.16	0.18	-0.04	0.09	0.07	0.6	-0.25	-0.11	0.28	0.22	0.25	0.76	0.53	-0.06	-0.38		0.27	0.68	0.41	-0.37	0.39	0.35	0.08
Accumulated Depreciation	-0.69	0.16	-0.89	0.33	-0.74	-0.76	-0.86	-0.76	-0.53	0.3	-0.77	-0.89	-0.65	0.61	-0.6	0.04	0.79	-0.81	-0.82	0.27		0.54	0.24	-0.12	0.28	0.3	0.07
Long Term Investments	0.11	0.84	-0.31	0.9	0.0	-0.02	-0.22	-0.07	-0.28	0.69	-0.52	-0.3	0.2	0.24	0.19	0.7	0.79	-0.28	-0.74	0.68	0.54		0.49	-0.24	0.64	0.62	0.26
Short Long Term Debt	0.29	0.7	0.0	0.71	0.13	0.26	0.06	0.19	0.49	0.35	-0.34	0.01	0.33	-0.09	0.3	0.72	0.47	-0.02	-0.46	0.41	0.24	0.49		-0.1	0.73	0.69	0.4
Cash And Equivalents	-0.01	-0.25	0.01	-0.26	-0.03	-0.1	0.12	0.24	0.18	-0.16	0.04	0.08	-0.08	-0.31	-0.12	-0.24	-0.24	-0.04	0.17	-0.37	-0.12	-0.24	-0.1		-0.14	0.29	0.21
Net Invested Capital	0.27	0.74	0.0	0.78	0.18	0.22	0.05	0.15	0.0	0.47	-0.46	0.02	0.29	-0.17	0.32	0.67	0.55	-0.1	-0.58	0.39	0.28	0.64	0.73	-0.14		0.83	0.68
Net Working Capital	0.25	0.71	-0.1	0.75	0.13	0.14	0.03	0.23	0.06	0.46	-0.42	-0.04	0.27	-0.08	0.28	0.64	0.55	-0.1	-0.54	0.35	0.3	0.62	0.69	0.29	0.83		0.49
Capital Stock	0.17	0.3	0.14	0.32	0.13	0.13	0.17	0.18	0.14	0.21	-0.34	0.14	0.14	-0.55	0.11	0.28	0.15	-0.17	-0.28	0.08	0.07	0.26	0.4	0.21	0.68	0.49

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 Community Health

In accordance with the company's disclosures, Community Health Systems has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Providers & Services sector and about the same as Health Care (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Community Health Current Valuation Drivers

We derive many important indicators used in calculating different scores of Community Health from analyzing Community Health's financial statements. These drivers represent accounts that assess Community Health's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Community Health's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	329.8M	858.1M	1.7B	556.5M	408.3M	387.9M
Enterprise Value	14.1B	12.1B	14.0B	12.8B	12.5B	7.2B

Community Health Institutional Holders

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

		Shares
Whitebox Advisors, Llc	2023-12-31	2.1 M
Two Sigma Advisers, Llc	2023-12-31	2.1 M
Two Sigma Investments Llc	2023-12-31	1.9 M
Aqr Capital Management Llc	2023-12-31	1.7 M
Arnhold & S. Bleichroeder Advisers, Llc	2023-12-31	1.6 M
Dimensional Fund Advisors, Inc.	2023-12-31	1.6 M
Federated Hermes Inc	2023-12-31	1.5 M
Susquehanna International Group, Llp	2023-12-31	1.3 M
Northern Trust Corp	2023-12-31	1.3 M
Blackrock Inc	2023-12-31	9.8 M
Vanguard Group Inc	2023-12-31	8.1 M

Community Fundamentals

	Return On Asset	0.0373
	Profit Margin	(0.01) %
	Operating Margin	0.08 %
	Current Valuation	13.08 B
	Shares Outstanding	138.98 M
	Shares Owned By Insiders	8.18 %
	Shares Owned By Institutions	71.61 %
	Number Of Shares Shorted	6.32 M
	Price To Earning	1.49 X
	Price To Sales	0.03 X
	Revenue	12.49 B
	Gross Profit	4.91 B
	EBITDA	1.39 B
	Net Income	16 M
	Cash And Equivalents	118 M
	Cash Per Share	2.32 X
	Total Debt	12.17 B
	Debt To Equity	759.80 %
	Current Ratio	1.37 X
	Book Value Per Share	(10.65) X
	Cash Flow From Operations	210 M
	Short Ratio	3.10 X
	Earnings Per Share	(1.02) X
	Price To Earnings To Growth	(1.64) X
	Target Price	4.37
	Number Of Employees	48 K
	Beta	1.55
	Market Capitalization	397.49 M
	Total Asset	14.46 B
	Retained Earnings	(3.56 B)
	Working Capital	1.07 B
	Current Asset	647.73 M
	Current Liabilities	318.43 M
	Net Asset	14.46 B

About Community Health Fundamental Analysis

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

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

Moving together with Community Stock

0.64

Guardant Health Upward Rally

Pair Corr

Moving against Community Stock

0.77	WGS	GeneDx Holdings Corp Earnings Call This Week	Pair Corr
0.72	RCM	R1 RCM Inc Financial Report 2nd of May 2024	Pair Corr
0.57	HQY	HealthEquity Financial Report 3rd of June 2024	Pair Corr
0.47	EVH	Evolent Health Financial Report 1st of May 2024	Pair Corr
0.47	GCTK	GlucoTrack	Pair Corr

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

The correlation of Community Health 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 Community Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Community Health Systems 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 Community Health 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 Community Health Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Community Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Community Health Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Community Health Systems Stock:

How To Invest In Community

Details

Is Community Stock a good investment?

Details

What is Community Health's Net Worth?

Details

Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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Check out Community Health Piotroski F Score and Community Health Valuation analysis.

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Community Stock analysis

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

	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity

Is Community Health'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 Community Health. If investors know Community 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 Community Health 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

(0.89)

Earnings Share

(1.02)

Revenue Per Share

95.749

Quarterly Revenue Growth

0.013

Return On Assets

0.0373

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

Community Health Systems 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 )

Community Z Score Driver Correlations

Community Health Current Valuation Drivers

Community Health Institutional Holders

Community Fundamentals

About Community Health Fundamental Analysis

Pair Trading with Community Health

Moving together with Community Stock

Moving against Community Stock

Complementary Tools for Community Stock analysis

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