Danimer Scientific Stock Z Score

DNMR Stock  USD 1.13  0.10  9.71%   
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 Danimer Scientific Piotroski F Score and Danimer Scientific Valuation analysis.
To learn how to invest in Danimer Stock, please use our How to Invest in Danimer Scientific guide.
  
At this time, Danimer Scientific's Net Working Capital is relatively stable compared to the past year. As of 03/28/2024, Capital Expenditures is likely to grow to about 89.3 M, while Net Invested Capital is likely to drop slightly above 556.2 M. At this time, Danimer Scientific's Interest Expense is relatively stable compared to the past year. As of 03/28/2024, Tax Provision is likely to grow to about 287.7 K, though Net Loss is likely to grow to (153.7 M).

Danimer Z Score Analysis

Danimer Scientific'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..
 2023 2024 (projected)
Dividend Yield0.0012910.001226
Price To Sales Ratio3.63.42

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Danimer Scientific Z Score

    
  -0.57  
Most of Danimer Scientific'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, Danimer Scientific is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

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 )

Danimer Z Score Driver Correlations

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

According to the company's disclosures, Danimer Scientific has a Z Score of -0.57. This is 122.71% lower than that of the Chemicals sector and 115.92% lower than that of the Materials industry. The z score for all United States stocks is 106.54% higher than that of the company.

Danimer Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Danimer Scientific'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 Danimer Scientific could also be used in its relative valuation, which is a method of valuing Danimer Scientific by comparing valuation metrics of similar companies.
Danimer Scientific is currently under evaluation in z score category among related companies.

Danimer Scientific Institutional Holders

Institutional Holdings refers to the ownership stake in Danimer Scientific that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Danimer Scientific'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 Danimer Scientific's value.
Shares
Charles Schwab Investment Management Inc2023-12-31
637.1 K
Zacks Investment Management Inc2023-12-31
503.3 K
Graham Capital Management2023-12-31
500 K
Renaissance Technologies Corp2023-12-31
498.7 K
Nuveen Asset Management, Llc2023-12-31
412 K
Alliancebernstein L.p.2023-12-31
406.4 K
First Manhattan Co. Llc2023-12-31
375 K
Morgan Stanley - Brokerage Accounts2023-12-31
353.4 K
Teramo Advisors, Llc2023-12-31
315 K
Blackrock Inc2023-12-31
6.2 M
Vanguard Group Inc2023-12-31
M

Danimer Fundamentals

About Danimer Scientific Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Danimer Scientific's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Danimer Scientific using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Danimer Scientific 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.
Danimer Scientific, Inc., a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petroleum-based plastics. Danimer Scientific, Inc. was founded in 2004 and is headquartered in Bainbridge, Georgia. Danimer Scientific operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. It employs 282 people.
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 Danimer Scientific 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, Danimer Scientific's short interest history, or implied volatility extrapolated from Danimer Scientific options trading.

Pair Trading with Danimer Scientific

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

Moving against Danimer Stock

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The ability to find closely correlated positions to Danimer Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danimer Scientific 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 Danimer Scientific - 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 Danimer Scientific to buy it.
The correlation of Danimer Scientific 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 Danimer Scientific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danimer Scientific 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 Danimer Scientific 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 CorrelationCorrelation Matching
When determining whether Danimer Scientific is a strong investment it is important to analyze Danimer Scientific'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 Danimer Scientific's future performance. For an informed investment choice regarding Danimer Stock, refer to the following important reports:
Check out Danimer Scientific Piotroski F Score and Danimer Scientific Valuation analysis.
To learn how to invest in Danimer Stock, please use our How to Invest in Danimer Scientific guide.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Danimer Stock analysis

When running Danimer Scientific's price analysis, check to measure Danimer Scientific'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 Danimer Scientific is operating at the current time. Most of Danimer Scientific's value examination focuses on studying past and present price action to predict the probability of Danimer Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danimer Scientific's price. Additionally, you may evaluate how the addition of Danimer Scientific to your portfolios can decrease your overall portfolio volatility.
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Is Danimer Scientific'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 Danimer Scientific. If investors know Danimer 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 Danimer Scientific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.42)
Revenue Per Share
0.502
Quarterly Revenue Growth
0.048
Return On Assets
(0.11)
Return On Equity
(0.41)
The market value of Danimer Scientific is measured differently than its book value, which is the value of Danimer that is recorded on the company's balance sheet. Investors also form their own opinion of Danimer Scientific's value that differs from its market value or its book value, called intrinsic value, which is Danimer Scientific'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 Danimer Scientific's market value can be influenced by many factors that don't directly affect Danimer Scientific'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 Danimer Scientific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Danimer Scientific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danimer Scientific'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.