Davita Healthcare Partners Stock Z Score

DVA Stock

USD 133.91 1.39 1.05%

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 DaVita HealthCare Piotroski F Score and DaVita HealthCare Valuation analysis.

At present, DaVita HealthCare's Capital Surpluse is projected to decrease significantly based on the last few years of reporting. The current year's Capital Stock is expected to grow to about 90.4 K, whereas Additional Paid In Capital is forecasted to decline to about 891.7 M. At present, DaVita HealthCare's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 222 M, whereas Interest Expense is forecasted to decline to about 270.1 M.

DaVita HealthCare Partners Company Z Score Analysis

DaVita HealthCare'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 )

DaVita Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for DaVita HealthCare is extremely important. It helps to project a fair market value of DaVita Stock properly, considering its historical fundamentals such as Z Score. Since DaVita HealthCare'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 DaVita HealthCare'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 DaVita HealthCare'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	Property Plant Equipment	Current Deferred Revenue	Good Will	Short Term Investments	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.53	0.86	0.41	0.97	0.93	0.95	0.66	0.33	0.31	0.44	0.98	0.86	0.55	0.85	0.27	-0.39	0.46	0.89	0.45	0.43	0.32	0.22	-0.14	-0.07	-0.14	-0.07
Total Stockholder Equity	0.53		0.03	0.94	0.52	0.24	0.24	0.57	-0.1	0.72	0.95	0.5	0.09	0.67	0.7	0.57	-0.18	-0.01	0.38	0.95	0.0	-0.08	0.13	0.33	0.68	0.67	0.69
Net Debt	0.86	0.03		-0.07	0.82	0.95	0.97	0.45	0.45	-0.06	-0.06	0.86	0.94	0.27	0.58	-0.05	-0.34	0.55	0.8	-0.02	0.46	0.38	0.19	-0.35	-0.48	-0.56	-0.48
Retained Earnings	0.41	0.94	-0.07		0.43	0.15	0.13	0.46	-0.21	0.72	0.87	0.37	-0.04	0.7	0.61	0.55	-0.12	-0.11	0.19	0.88	-0.16	-0.27	0.07	0.4	0.79	0.79	0.79
Accounts Payable	0.97	0.52	0.82	0.43		0.92	0.92	0.62	0.24	0.3	0.42	0.96	0.83	0.5	0.84	0.31	-0.39	0.38	0.88	0.41	0.45	0.39	0.14	-0.23	-0.07	-0.12	-0.09
Net Receivables	0.93	0.24	0.95	0.15	0.92		0.98	0.53	0.41	0.05	0.17	0.91	0.95	0.41	0.71	0.16	-0.35	0.43	0.82	0.13	0.53	0.42	0.21	-0.28	-0.33	-0.4	-0.33
Total Liab	0.95	0.24	0.97	0.13	0.92	0.98		0.54	0.41	0.09	0.15	0.94	0.95	0.39	0.72	0.09	-0.38	0.53	0.87	0.17	0.48	0.38	0.2	-0.27	-0.33	-0.4	-0.33
Total Current Assets	0.66	0.57	0.45	0.46	0.62	0.53	0.54		0.51	-0.05	0.48	0.6	0.54	0.27	0.35	0.07	0.33	0.33	0.51	0.52	0.06	0.14	0.6	-0.18	0.25	0.13	0.26
Short Term Debt	0.33	-0.1	0.45	-0.21	0.24	0.41	0.41	0.51		-0.37	-0.12	0.24	0.46	-0.1	0.02	-0.35	0.17	0.33	0.24	-0.07	0.11	0.21	0.91	-0.46	-0.24	-0.43	-0.22
Intangible Assets	0.31	0.72	-0.06	0.72	0.3	0.05	0.09	-0.05	-0.37		0.69	0.34	-0.16	0.67	0.72	0.56	-0.67	-0.08	0.27	0.77	-0.02	-0.2	-0.23	0.36	0.54	0.6	0.52
Common Stock	0.44	0.95	-0.06	0.87	0.42	0.17	0.15	0.48	-0.12	0.69		0.4	0.03	0.67	0.65	0.62	-0.2	-0.03	0.3	0.88	0.17	-0.07	0.09	0.33	0.62	0.63	0.64
Long Term Debt	0.98	0.5	0.86	0.37	0.96	0.91	0.94	0.6	0.24	0.34	0.4		0.83	0.52	0.87	0.28	-0.47	0.45	0.93	0.43	0.41	0.36	0.11	-0.16	-0.14	-0.17	-0.15
Property Plant Equipment	0.86	0.09	0.94	-0.04	0.83	0.95	0.95	0.54	0.46	-0.16	0.03	0.83		0.2	0.53	0.06	-0.19	0.47	0.8	-0.01	0.57	0.53	0.24	-0.32	-0.46	-0.54	-0.44
Current Deferred Revenue	0.55	0.67	0.27	0.7	0.5	0.41	0.39	0.27	-0.1	0.67	0.67	0.52	0.2		0.7	0.49	-0.4	-0.05	0.24	0.66	0.16	-0.33	0.04	0.37	0.5	0.47	0.51
Good Will	0.85	0.7	0.58	0.61	0.84	0.71	0.72	0.35	0.02	0.72	0.65	0.87	0.53	0.7		0.48	-0.72	0.24	0.78	0.62	0.36	0.23	-0.03	0.05	0.1	0.11	0.09
Short Term Investments	0.27	0.57	-0.05	0.55	0.31	0.16	0.09	0.07	-0.35	0.56	0.62	0.28	0.06	0.49	0.48		-0.31	-0.15	0.22	0.54	0.34	0.03	-0.17	0.23	0.39	0.43	0.36
Net Tangible Assets	-0.39	-0.18	-0.34	-0.12	-0.39	-0.35	-0.38	0.33	0.17	-0.67	-0.2	-0.47	-0.19	-0.4	-0.72	-0.31		-0.12	-0.51	-0.18	-0.35	-0.22	0.35	0.01	0.22	0.16	0.26
Total Permanent Equity	0.46	-0.01	0.55	-0.11	0.38	0.43	0.53	0.33	0.33	-0.08	-0.03	0.45	0.47	-0.05	0.24	-0.15	-0.12		0.48	0.0	0.27	-0.1	0.14	-0.28	-0.36	-0.41	-0.35
Long Term Debt Total	0.89	0.38	0.8	0.19	0.88	0.82	0.87	0.51	0.24	0.27	0.3	0.93	0.8	0.24	0.78	0.22	-0.51	0.48		0.33	0.48	0.58	0.05	-0.3	-0.29	-0.31	-0.32
Capital Surpluse	0.45	0.95	-0.02	0.88	0.41	0.13	0.17	0.52	-0.07	0.77	0.88	0.43	-0.01	0.66	0.62	0.54	-0.18	0.0	0.33		-0.14	-0.2	0.18	0.36	0.74	0.72	0.75
Deferred Long Term Liab	0.43	0.0	0.46	-0.16	0.45	0.53	0.48	0.06	0.11	-0.02	0.17	0.41	0.57	0.16	0.36	0.34	-0.35	0.27	0.48	-0.14		0.46	-0.07	-0.32	-0.41	-0.41	-0.44
Long Term Investments	0.32	-0.08	0.38	-0.27	0.39	0.42	0.38	0.14	0.21	-0.2	-0.07	0.36	0.53	-0.33	0.23	0.03	-0.22	-0.1	0.58	-0.2	0.46		-0.01	-0.38	-0.56	-0.54	-0.57
Short Long Term Debt	0.22	0.13	0.19	0.07	0.14	0.21	0.2	0.6	0.91	-0.23	0.09	0.11	0.24	0.04	-0.03	-0.17	0.35	0.14	0.05	0.18	-0.07	-0.01		-0.31	0.17	-0.03	0.18
Cash And Equivalents	-0.14	0.33	-0.35	0.4	-0.23	-0.28	-0.27	-0.18	-0.46	0.36	0.33	-0.16	-0.32	0.37	0.05	0.23	0.01	-0.28	-0.3	0.36	-0.32	-0.38	-0.31		0.42	0.47	0.52
Net Invested Capital	-0.07	0.68	-0.48	0.79	-0.07	-0.33	-0.33	0.25	-0.24	0.54	0.62	-0.14	-0.46	0.5	0.1	0.39	0.22	-0.36	-0.29	0.74	-0.41	-0.56	0.17	0.42		0.98	0.98
Net Working Capital	-0.14	0.67	-0.56	0.79	-0.12	-0.4	-0.4	0.13	-0.43	0.6	0.63	-0.17	-0.54	0.47	0.11	0.43	0.16	-0.41	-0.31	0.72	-0.41	-0.54	-0.03	0.47	0.98		0.96
Capital Stock	-0.07	0.69	-0.48	0.79	-0.09	-0.33	-0.33	0.26	-0.22	0.52	0.64	-0.15	-0.44	0.51	0.09	0.36	0.26	-0.35	-0.32	0.75	-0.44	-0.57	0.18	0.52	0.98	0.96

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 DaVita HealthCare

According to the company's disclosures, DaVita HealthCare Partners 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.

DaVita HealthCare ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, DaVita HealthCare's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to DaVita HealthCare's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

DaVita HealthCare Institutional Holders

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

		Shares
Gates Capital Management Inc	2023-12-31	905.8 K
Northern Trust Corp	2023-12-31	770.7 K
Amundi	2023-12-31	691.6 K
Ariel Investments, Llc	2023-12-31	658.8 K
Allianz Asset Management Ag	2023-12-31	548.6 K
Bnp Paribas Arbitrage, Sa	2023-12-31	540.7 K
Charles Schwab Investment Management Inc	2023-12-31	540.3 K
Doma Perpetual Capital Management Llc	2023-12-31	506.6 K
Bank Of New York Mellon Corp	2023-12-31	470.9 K
Berkshire Hathaway Inc	2023-12-31	36.1 M
Vanguard Group Inc	2023-12-31	6.3 M

DaVita Fundamentals

	Return On Equity	0.39
	Return On Asset	0.0592
	Profit Margin	0.06 %
	Operating Margin	0.12 %
	Current Valuation	24.03 B
	Shares Outstanding	87.32 M
	Shares Owned By Insiders	45.06 %
	Shares Owned By Institutions	51.50 %
	Number Of Shares Shorted	4.14 M
	Price To Earning	11.43 X
	Price To Book	10.78 X
	Price To Sales	0.94 X
	Revenue	12.14 B
	Gross Profit	3.4 B
	EBITDA	2.35 B
	Net Income	691.53 M
	Cash And Equivalents	244.09 M
	Cash Per Share	3.98 X
	Total Debt	11.12 B
	Debt To Equity	5.68 %
	Current Ratio	1.41 X
	Book Value Per Share	11.89 X
	Cash Flow From Operations	2.06 B
	Short Ratio	4.51 X
	Earnings Per Share	7.42 X
	Price To Earnings To Growth	1.16 X
	Target Price	132.0
	Number Of Employees	70 K
	Beta	1.05
	Market Capitalization	11.57 B
	Total Asset	17.62 B
	Retained Earnings	598.29 M
	Working Capital	495.69 M
	Current Asset	544.53 M
	Current Liabilities	292.6 M
	Net Asset	17.62 B

About DaVita HealthCare Fundamental Analysis

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

DaVita HealthCare Investors Sentiment

The influence of DaVita HealthCare's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in DaVita. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to DaVita HealthCare's public news can be used to forecast risks associated with an investment in DaVita. The trend in average sentiment can be used to explain how an investor holding DaVita can time the market purely based on public headlines and social activities around DaVita HealthCare Partners. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

DaVita HealthCare's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for DaVita HealthCare's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average DaVita HealthCare's news discussions. The higher the estimated score, the more favorable is the investor's outlook on DaVita HealthCare.

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

Pair Trading with DaVita HealthCare

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

Moving together with DaVita Stock

0.65

FORA

Forian Inc Financial Report 10th of May 2024

Pair Corr

Moving against DaVita Stock

0.86	SSY	SunLink Health Systems	Pair Corr
0.8	GH	Guardant Health Financial Report 14th of May 2024	Pair Corr
0.8	TFX	Teleflex Incorporated Financial Report 2nd of May 2024	Pair Corr
0.76	FIGS	Figs Inc Financial Report 2nd of May 2024	Pair Corr
0.76	ICCM	Icecure Medical Financial Report 27th of May 2024	Pair Corr

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

The correlation of DaVita HealthCare 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 DaVita HealthCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DaVita HealthCare 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 DaVita HealthCare 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 DaVita HealthCare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DaVita HealthCare'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 Davita Healthcare Partners Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Davita Healthcare Partners Stock:

How To Invest In DaVita

Details

Is DaVita Stock a good investment?

Details

What is DaVita HealthCare's Net Worth?

Details

Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

View

Check out DaVita HealthCare Piotroski F Score and DaVita HealthCare Valuation analysis.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for DaVita Stock analysis

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

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Is DaVita HealthCare'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 DaVita HealthCare. If investors know DaVita 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 DaVita HealthCare 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

1.2

Earnings Share

7.42

Revenue Per Share

133.717

Quarterly Revenue Growth

0.078

Return On Assets

0.0592

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

DaVita HealthCare Partners 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 )

DaVita Z Score Driver Correlations

DaVita HealthCare ESG Sustainability

DaVita HealthCare Institutional Holders

DaVita Fundamentals

About DaVita HealthCare Fundamental Analysis

DaVita HealthCare Investors Sentiment

Pair Trading with DaVita HealthCare

Moving together with DaVita Stock

Moving against DaVita Stock

Complementary Tools for DaVita Stock analysis

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