Dycom Industries Stock Z Score

DY Stock  USD 143.65  1.73  1.22%   
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 Dycom Industries Piotroski F Score and Dycom Industries Valuation analysis.
For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.
  
At this time, Dycom Industries' Capital Expenditures is fairly stable compared to the past year. Total Debt To Capitalization is likely to rise to 0.26 in 2024, whereas Capital Surpluse is likely to drop slightly above 4.8 M in 2024. At this time, Dycom Industries' Income Before Tax is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 22.7 M in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 101.3 M in 2024.

Dycom Z Score Analysis

Dycom Industries' 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..
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total901.9M892.0M1.0B1.1B
Total Assets2.1B2.3B2.5B2.6B

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 )

Dycom Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Dycom Industries is extremely important. It helps to project a fair market value of Dycom Stock properly, considering its historical fundamentals such as Z Score. Since Dycom Industries' 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 Dycom Industries' 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 Dycom Industries' 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, Dycom Industries has a Z Score of 0.0. This is 100.0% lower than that of the Construction & Engineering sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Dycom Z Score Peer Comparison

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

Dycom Industries Institutional Holders

Institutional Holdings refers to the ownership stake in Dycom Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dycom Industries' 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 Dycom Industries' value.
Shares
Ack Asset Management Llc2023-12-31
535.5 K
Fmr Inc2023-12-31
510.5 K
Aristotle Capital Boston, Llc2023-12-31
477 K
Charles Schwab Investment Management Inc2023-12-31
419 K
Bank Of New York Mellon Corp2023-12-31
337.8 K
Neumeier Investment Counsel Llc2023-12-31
331 K
Northern Trust Corp2023-12-31
315.9 K
Norges Bank2023-12-31
292.6 K
Bank Of America Corp2023-12-31
288.7 K
Blackrock Inc2023-12-31
4.7 M
Peconic Partners Llc2023-12-31
3.3 M

Dycom Fundamentals

About Dycom Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Dycom Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dycom Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dycom Industries 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.
Dycom Industries, Inc. provides specialty contracting services in the United States. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida. Dycom Industries operates under Engineering Construction classification in the United States and is traded on New York Stock Exchange. It employs 14674 people.

Pair Trading with Dycom Industries

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 Dycom Industries 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 Dycom Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dycom Stock

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Moving against Dycom Stock

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The ability to find closely correlated positions to Dycom Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dycom Industries 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 Dycom Industries - 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 Dycom Industries to buy it.
The correlation of Dycom Industries 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 Dycom Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dycom Industries 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 Dycom Industries 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 Dycom Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dycom Industries' 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 Dycom Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dycom Industries Stock:
Check out Dycom Industries Piotroski F Score and Dycom Industries Valuation analysis.
For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running Dycom Industries' price analysis, check to measure Dycom Industries' 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 Dycom Industries is operating at the current time. Most of Dycom Industries' value examination focuses on studying past and present price action to predict the probability of Dycom Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dycom Industries' price. Additionally, you may evaluate how the addition of Dycom Industries to your portfolios can decrease your overall portfolio volatility.
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Is Dycom Industries' 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 Dycom Industries. If investors know Dycom 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 Dycom Industries 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
(0.05)
Earnings Share
7.37
Revenue Per Share
142.35
Quarterly Revenue Growth
0.038
Return On Assets
0.0836
The market value of Dycom Industries is measured differently than its book value, which is the value of Dycom that is recorded on the company's balance sheet. Investors also form their own opinion of Dycom Industries' value that differs from its market value or its book value, called intrinsic value, which is Dycom Industries' 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 Dycom Industries' market value can be influenced by many factors that don't directly affect Dycom Industries' 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 Dycom Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dycom Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dycom Industries' 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.