EDP Z Score

Stocks . Portugal . 
Stock . EDP Renovaveis
EDPR Stock  EUR 18.58  0.09  0.48%   
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 EDP Renovaveis Piotroski F Score and EDP Renovaveis Valuation analysis.
  

EDP Z Score Analysis

EDP Renovaveis' 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

Current EDP Renovaveis Z Score

    
  3.0  
Most of EDP Renovaveis' 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, EDP Renovaveis 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 )
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, EDP Renovaveis has a Z Score of 3.0. This is 10.98% lower than that of the Independent Power and Renewable Electricity Producers sector and significantly higher than that of the Utilities industry. The z score for all Portugal stocks is 65.6% higher than that of the company.

EDP Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EDP Renovaveis' 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 EDP Renovaveis could also be used in its relative valuation, which is a method of valuing EDP Renovaveis by comparing valuation metrics of similar companies.
EDP Renovaveis is rated # 5 in z score category among related companies.

EDP Fundamentals

Return On Equity0.11 %
Return On Asset0.0194 %
Profit Margin0.44 %
Operating Margin0.36 %
Current Valuation27.65 B
Shares Outstanding960.56 M
Shares Owned by Insiders74.97 %
Shares Owned by Institutions18.59 %
Price to Book2.46 X
Price to Sales9.97 X
Revenue1.76 B
Gross Profit1.27 B
EBITDA1.78 B
Net Income655.44 M
Total Debt3.48 B
Book Value Per Share9.20 X
Cash Flow from Operations811.49 M
Earnings Per Share0.82 X
Price to Earnings To Growth4.78 X
Target Price23.6
Number of Employees2.97 K
Beta0.51
Market Capitalization19.2 B
Total Asset22.03 B
Z Score3.0
Annual Yield0.0045 %
Net Asset22.03 B

About EDP Renovaveis Fundamental Analysis

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in EDP Renovaveis without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with EDP Renovaveis

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 EDP Renovaveis 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 EDP Renovaveis will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to EDP Renovaveis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EDP Renovaveis 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 EDP Renovaveis - 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 EDP Renovaveis to buy it.
The correlation of EDP Renovaveis is a statistical measure of how it moves in relation to other equities. 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 EDP Renovaveis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EDP Renovaveis 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 EDP Renovaveis 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
Check out EDP Renovaveis Piotroski F Score and EDP Renovaveis Valuation analysis. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for EDP Stock analysis

When running EDP Renovaveis' price analysis, check to measure EDP Renovaveis' 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 EDP Renovaveis is operating at the current time. Most of EDP Renovaveis' value examination focuses on studying past and present price action to predict the probability of EDP Renovaveis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Renovaveis' price. Additionally, you may evaluate how the addition of EDP Renovaveis to your portfolios can decrease your overall portfolio volatility.
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Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between EDP Renovaveis' value and its price as these two are different measures arrived at by different means. Investors typically determine if EDP Renovaveis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EDP Renovaveis' 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. Check out EDP Renovaveis Piotroski F Score and EDP Renovaveis Valuation analysis.


 
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