Eldorado Gold Corp Stock Z Score

EGO Stock

USD 15.10 0.04 0.26%

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 Eldorado Gold Piotroski F Score and Eldorado Gold Valuation analysis.

At this time, Eldorado Gold's Total Debt To Capitalization is very stable compared to the past year. As of the 16th of April 2024, Return On Capital Employed is likely to grow to 0.04, while Capital Surpluse is likely to drop about 2.5 B. At this time, Eldorado Gold's Income Before Tax is very stable compared to the past year. As of the 16th of April 2024, Net Income is likely to grow to about 109.9 M, while Interest Expense is likely to drop about 29 M.

Eldorado Gold Corp Company Z Score Analysis

Eldorado Gold'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 )

Eldorado Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Eldorado Gold is extremely important. It helps to project a fair market value of Eldorado Stock properly, considering its historical fundamentals such as Z Score. Since Eldorado Gold'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 Eldorado Gold'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 Eldorado Gold'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	Long Term Debt	Short Term Investments	Common Stock	Property Plant Equipment	Good Will	Intangible Assets	Treasury Stock	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		1.0	-0.06	0.2	0.84	0.47	0.95	0.7	0.06	0.79	0.14	0.93	0.99	0.68	0.68	-0.57	0.21	0.08	-0.09	0.2	0.2	-0.18	0.2	0.3	0.13	-0.23	0.17
Total Stockholder Equity	1.0		-0.13	0.25	0.84	0.45	0.92	0.71	0.03	0.78	0.12	0.91	0.97	0.72	0.72	-0.51	0.25	0.04	-0.12	0.21	0.2	-0.21	0.22	0.31	0.14	-0.24	0.18
Net Debt	-0.06	-0.13		-0.58	0.04	0.31	0.17	-0.41	-0.07	-0.07	0.04	0.06	0.09	-0.41	-0.51	-0.55	-0.52	0.32	0.1	-0.53	-0.35	0.33	-0.58	-0.4	-0.59	0.21	-0.19
Retained Earnings	0.2	0.25	-0.58		0.11	-0.37	-0.05	0.01	-0.17	-0.09	-0.2	0.24	0.1	0.74	0.82	0.43	0.97	-0.04	-0.42	0.78	0.6	-0.91	0.84	0.53	0.51	-0.56	0.6
Accounts Payable	0.84	0.84	0.04	0.11		0.51	0.82	0.62	-0.01	0.71	0.11	0.9	0.85	0.57	0.52	-0.46	0.08	0.29	0.18	0.06	-0.07	-0.2	0.07	0.16	0.18	0.08	-0.1
Net Receivables	0.47	0.45	0.31	-0.37	0.51		0.55	0.62	-0.21	0.45	-0.18	0.45	0.54	0.26	0.12	-0.56	-0.48	-0.11	0.56	-0.45	-0.47	0.39	-0.49	-0.49	-0.14	0.6	-0.43
Total Liab	0.95	0.92	0.17	-0.05	0.82	0.55		0.64	0.14	0.8	0.2	0.89	0.97	0.46	0.45	-0.73	-0.02	0.18	0.05	0.05	0.11	0.0	0.03	0.24	0.07	-0.12	0.05
Total Current Assets	0.7	0.71	-0.41	0.01	0.62	0.62	0.64		0.11	0.69	0.13	0.6	0.67	0.5	0.49	-0.36	-0.07	-0.15	0.36	0.07	-0.05	0.11	0.06	-0.03	0.34	0.24	-0.18
Short Term Debt	0.06	0.03	-0.07	-0.17	-0.01	-0.21	0.14	0.11		0.29	0.21	0.09	0.08	-0.34	-0.17	-0.07	-0.13	0.53	-0.01	0.45	0.36	0.06	0.27	0.33	0.28	-0.35	0.37
Long Term Debt	0.79	0.78	-0.07	-0.09	0.71	0.45	0.8	0.69	0.29		0.05	0.71	0.78	0.33	0.34	-0.44	-0.13	0.15	0.13	0.08	0.21	0.1	0.03	0.21	0.16	-0.07	0.08
Short Term Investments	0.14	0.12	0.04	-0.2	0.11	-0.18	0.2	0.13	0.21	0.05		0.13	0.13	-0.17	-0.13	-0.34	-0.08	0.1	-0.23	-0.04	-0.07	0.12	0.01	0.1	-0.03	-0.12	-0.17
Common Stock	0.93	0.91	0.06	0.24	0.9	0.45	0.89	0.6	0.09	0.71	0.13		0.94	0.65	0.64	-0.55	0.25	0.38	0.02	0.25	0.21	-0.37	0.3	0.23	0.2	-0.18	0.17
Property Plant Equipment	0.99	0.97	0.09	0.1	0.85	0.54	0.97	0.67	0.08	0.78	0.13	0.94		0.61	0.58	-0.67	0.11	0.15	-0.03	0.12	0.12	-0.12	0.11	0.22	0.06	-0.17	0.14
Good Will	0.68	0.72	-0.41	0.74	0.57	0.26	0.46	0.5	-0.34	0.33	-0.17	0.65	0.61		0.97	-0.03	0.67	-0.18	-0.22	0.43	0.32	-0.61	0.48	0.24	0.3	-0.26	0.31
Intangible Assets	0.68	0.72	-0.51	0.82	0.52	0.12	0.45	0.49	-0.17	0.34	-0.13	0.64	0.58	0.97		0.05	0.76	-0.12	-0.28	0.61	0.48	-0.69	0.64	0.4	0.41	-0.42	0.46
Treasury Stock	-0.57	-0.51	-0.55	0.43	-0.46	-0.56	-0.73	-0.36	-0.07	-0.44	-0.34	-0.55	-0.67	-0.03	0.05		0.32	-0.11	-0.22	0.29	0.19	-0.31	0.36	0.16	0.14	-0.18	0.29
Net Tangible Assets	0.21	0.25	-0.52	0.97	0.08	-0.48	-0.02	-0.07	-0.13	-0.13	-0.08	0.25	0.11	0.67	0.76	0.32		-0.03	-0.51	0.79	0.64	-0.9	0.84	0.59	0.46	-0.66	0.62
Deferred Long Term Liab	0.08	0.04	0.32	-0.04	0.29	-0.11	0.18	-0.15	0.53	0.15	0.1	0.38	0.15	-0.18	-0.12	-0.11	-0.03		0.09	0.24	0.2	-0.33	0.28	0.17	0.17	-0.17	0.19
Long Term Investments	-0.09	-0.12	0.1	-0.42	0.18	0.56	0.05	0.36	-0.01	0.13	-0.23	0.02	-0.03	-0.22	-0.28	-0.22	-0.51	0.09		-0.32	-0.42	0.33	-0.32	-0.47	0.25	0.82	-0.63
Short Long Term Debt	0.2	0.21	-0.53	0.78	0.06	-0.45	0.05	0.07	0.45	0.08	-0.04	0.25	0.12	0.43	0.61	0.29	0.79	0.24	-0.32		0.81	-0.78	0.93	0.67	0.68	-0.7	0.76
Long Term Debt Total	0.2	0.2	-0.35	0.6	-0.07	-0.47	0.11	-0.05	0.36	0.21	-0.07	0.21	0.12	0.32	0.48	0.19	0.64	0.2	-0.42	0.81		-0.62	0.78	0.62	0.49	-0.77	0.75
Capital Surpluse	-0.18	-0.21	0.33	-0.91	-0.2	0.39	0.0	0.11	0.06	0.1	0.12	-0.37	-0.12	-0.61	-0.69	-0.31	-0.9	-0.33	0.33	-0.78	-0.62		-0.87	-0.48	-0.49	0.55	-0.59
Cash And Equivalents	0.2	0.22	-0.58	0.84	0.07	-0.49	0.03	0.06	0.27	0.03	0.01	0.3	0.11	0.48	0.64	0.36	0.84	0.28	-0.32	0.93	0.78	-0.87		0.65	0.63	-0.68	0.71
Net Invested Capital	0.3	0.31	-0.4	0.53	0.16	-0.49	0.24	-0.03	0.33	0.21	0.1	0.23	0.22	0.24	0.4	0.16	0.59	0.17	-0.47	0.67	0.62	-0.48	0.65		0.53	-0.7	0.54
Net Working Capital	0.13	0.14	-0.59	0.51	0.18	-0.14	0.07	0.34	0.28	0.16	-0.03	0.2	0.06	0.3	0.41	0.14	0.46	0.17	0.25	0.68	0.49	-0.49	0.63	0.53		-0.08	0.13
Capital Stock	-0.23	-0.24	0.21	-0.56	0.08	0.6	-0.12	0.24	-0.35	-0.07	-0.12	-0.18	-0.17	-0.26	-0.42	-0.18	-0.66	-0.17	0.82	-0.7	-0.77	0.55	-0.68	-0.7	-0.08		-0.88
Current Deferred Revenue	0.17	0.18	-0.19	0.6	-0.1	-0.43	0.05	-0.18	0.37	0.08	-0.17	0.17	0.14	0.31	0.46	0.29	0.62	0.19	-0.63	0.76	0.75	-0.59	0.71	0.54	0.13	-0.88

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 Eldorado Gold

According to the company's disclosures, Eldorado Gold Corp has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Eldorado Gold Institutional Holders

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

		Shares
Royal Bank Of Canada	2023-12-31	2 M
Gabelli Funds Llc	2023-12-31	2 M
Sumitomo Mitsui Ds Asset Management Company, Limited	2023-12-31	1.9 M
Hillsdale Investment Management Inc.	2023-12-31	1.8 M
Citigroup Inc	2023-12-31	1.6 M
American Century Companies Inc	2023-12-31	1.6 M
Schroder Investment Management Group	2023-12-31	1.5 M
Montrusco Bolton Investments Inc	2023-12-31	1.5 M
Triasima Portfolio Management Inc	2023-12-31	1.4 M
Helikon Investments Ltd	2023-12-31	28.1 M
Van Eck Associates Corporation	2023-12-31	22.1 M

Eldorado Fundamentals

	Return On Equity	0.0315
	Return On Asset	0.0227
	Profit Margin	0.10 %
	Operating Margin	0.23 %
	Current Valuation	3.17 B
	Shares Outstanding	203.96 M
	Shares Owned By Insiders	0.68 %
	Shares Owned By Institutions	77.42 %
	Number Of Shares Shorted	5.88 M
	Price To Earning	11.03 X
	Price To Book	0.88 X
	Price To Sales	3.08 X
	Revenue	1.03 B
	Gross Profit	378.03 M
	EBITDA	446.5 M
	Net Income	108.13 M
	Cash And Equivalents	3 M
	Cash Per Share	1.67 X
	Total Debt	649.83 M
	Debt To Equity	0.16 %
	Current Ratio	3.61 X
	Book Value Per Share	17.38 X
	Cash Flow From Operations	360.31 M
	Short Ratio	3.24 X
	Earnings Per Share	0.54 X
	Price To Earnings To Growth	10.65 X
	Target Price	14.75
	Number Of Employees	4.7 K
	Beta	1.24
	Market Capitalization	3.11 B
	Total Asset	4.96 B
	Retained Earnings	(2.48 B)
	Working Capital	656.19 M
	Current Asset	572.24 M
	Current Liabilities	236.82 M
	Net Asset	4.96 B

About Eldorado Gold Fundamental Analysis

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

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 Eldorado Gold 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eldorado Stock

0.91	AA	Alcoa Corp Earnings Call Tomorrow	Pair Corr
0.89	AG	First Majestic Silver Financial Report 2nd of May 2024	Pair Corr

Moving against Eldorado Stock

0.68	X	United States Steel Financial Report 25th of April 2024	Pair Corr
0.59	NC	NACCO Industries	Pair Corr
0.5	VALE	Vale SA ADR Sell-off Trend	Pair Corr

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

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

How To Invest In Eldorado

Details

Is Eldorado Stock a good investment?

Details

What is Eldorado Gold's Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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Check out Eldorado Gold Piotroski F Score and Eldorado Gold Valuation analysis.

Note that the Eldorado Gold Corp information on this page should be used as a complementary analysis to other Eldorado Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Eldorado Stock analysis

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

	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
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Is Eldorado Gold'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 Eldorado Gold. If investors know Eldorado 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 Eldorado Gold 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

0.921

Earnings Share

0.54

Revenue Per Share

5.186

Quarterly Revenue Growth

0.235

Return On Assets

0.0227

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

Eldorado Gold Corp 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 )

Eldorado Z Score Driver Correlations

Eldorado Gold Institutional Holders

Eldorado Fundamentals

About Eldorado Gold Fundamental Analysis

Pair Trading with Eldorado Gold

Moving together with Eldorado Stock

Moving against Eldorado Stock

Complementary Tools for Eldorado Stock analysis

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