Delek Automotive Systems Stock Z Score
DLEA Stock | ILA 2,041 9.00 0.44% |
Delek |
Delek Automotive Systems Company Z Score Analysis
Delek Automotive'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..
Current Delek Automotive Z Score | 1.8 |
Most of Delek Automotive's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Delek Automotive Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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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 |
According to the company's disclosures, Delek Automotive Systems has a Z Score of 1.8. This is 44.27% lower than that of the Specialty Retail sector and 29.96% lower than that of the Consumer Discretionary industry. The z score for all Israel stocks is 79.36% higher than that of the company.
Delek Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Delek Automotive's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Delek Automotive could also be used in its relative valuation, which is a method of valuing Delek Automotive by comparing valuation metrics of similar companies.Delek Automotive is currently under evaluation in z score category among related companies.
Delek Fundamentals
Return On Equity | 0.4 | |||
Return On Asset | 0.12 | |||
Profit Margin | 0.15 % | |||
Operating Margin | 0.21 % | |||
Current Valuation | 6.22 B | |||
Shares Outstanding | 96.98 M | |||
Shares Owned By Insiders | 43.32 % | |||
Shares Owned By Institutions | 28.85 % | |||
Price To Earning | 740.34 X | |||
Price To Book | 3.15 X | |||
Price To Sales | 0.86 X | |||
Revenue | 4.67 B | |||
Gross Profit | 925.76 M | |||
EBITDA | 1.17 B | |||
Net Income | 725.34 M | |||
Cash And Equivalents | 326.18 M | |||
Cash Per Share | 3.50 X | |||
Total Debt | 1.22 B | |||
Debt To Equity | 0.98 % | |||
Current Ratio | 1.04 X | |||
Book Value Per Share | 13.89 X | |||
Cash Flow From Operations | 1.34 B | |||
Earnings Per Share | 8.11 X | |||
Target Price | 32.4 | |||
Number Of Employees | 336 | |||
Beta | 1.21 | |||
Market Capitalization | 4.41 B | |||
Total Asset | 5.5 B | |||
Retained Earnings | 151 M | |||
Working Capital | (61 M) | |||
Current Asset | 1.44 B | |||
Current Liabilities | 1.5 B | |||
Z Score | 1.8 | |||
Annual Yield | 0.21 % | |||
Five Year Return | 14.01 % | |||
Net Asset | 5.5 B | |||
Last Dividend Paid | 2.5 |
About Delek Automotive Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Delek Automotive Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Delek Automotive using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Delek Automotive 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 Delek Automotive
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 Delek Automotive 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 Delek Automotive will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Delek Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delek Automotive 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 Delek Automotive - 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 Delek Automotive Systems to buy it.
The correlation of Delek Automotive 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 Delek Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delek Automotive 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 Delek Automotive 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delek Automotive Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Delek Stock analysis
When running Delek Automotive's price analysis, check to measure Delek Automotive'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 Delek Automotive is operating at the current time. Most of Delek Automotive's value examination focuses on studying past and present price action to predict the probability of Delek Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delek Automotive's price. Additionally, you may evaluate how the addition of Delek Automotive to your portfolios can decrease your overall portfolio volatility.
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
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Equity Valuation Check real value of public entities based on technical and fundamental data | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |