Element Solutions Stock Z Score

ESI Stock

USD 23.85 0.17 0.72%

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 Element Solutions Piotroski F Score and Element Solutions Valuation analysis.

For more detail on how to invest in Element Stock please use our How to Invest in Element Solutions guide.

As of now, Element Solutions' Invested Capital is decreasing as compared to previous years. The Element Solutions' current Long Term Debt To Capitalization is estimated to increase to 0.58, while Capital Surpluse is projected to decrease to under 4.3 B. As of now, Element Solutions' Net Income is increasing as compared to previous years. The Element Solutions' current Selling General Administrative is estimated to increase to about 665.8 M, while Interest Expense is projected to decrease to under 46.8 M.

Element Solutions Company Z Score Analysis

Element Solutions' 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 )

Element Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Total Liab	Total Current Assets	Treasury Stock	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Short Term Investments	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		0.8	0.73	0.96	-0.31	0.84	0.96	0.89	0.92	0.97	0.97	0.07	0.55	0.87	-0.65	0.92	-0.64	-0.75	0.92	0.54	0.65	0.6	0.62	-0.3	0.06	0.12	0.01
Total Stockholder Equity	0.8		0.6	0.61	-0.58	0.62	0.64	0.74	0.86	0.64	0.78	-0.38	0.2	0.68	-0.9	0.83	-0.33	-0.82	0.52	0.72	0.32	0.16	0.33	-0.48	-0.39	-0.35	-0.33
Current Deferred Revenue	0.73	0.6		0.7	-0.13	0.85	0.71	0.87	0.85	0.72	0.59	0.11	0.79	0.88	-0.39	0.82	-0.83	-0.57	0.68	0.35	0.82	0.64	0.84	0.04	0.1	0.04	0.14
Net Debt	0.96	0.61	0.7		-0.17	0.82	1.0	0.83	0.82	1.0	0.92	0.27	0.63	0.83	-0.45	0.83	-0.72	-0.62	0.99	0.4	0.71	0.73	0.67	-0.19	0.25	0.32	0.21
Retained Earnings	-0.31	-0.58	-0.13	-0.17		0.0	-0.17	-0.17	-0.41	-0.16	-0.26	0.79	0.32	0.02	0.56	-0.36	-0.2	0.82	-0.06	-0.88	0.36	0.49	0.2	0.89	0.88	0.82	0.69
Accounts Payable	0.84	0.62	0.85	0.82	0.0		0.83	0.98	0.89	0.84	0.75	0.22	0.68	0.97	-0.4	0.91	-0.81	-0.53	0.82	0.3	0.91	0.8	0.68	0.02	0.25	0.23	0.17
Long Term Debt	0.96	0.64	0.71	1.0	-0.17	0.83		0.85	0.84	1.0	0.94	0.25	0.63	0.85	-0.47	0.85	-0.73	-0.63	0.99	0.41	0.71	0.73	0.66	-0.19	0.24	0.31	0.2
Net Receivables	0.89	0.74	0.87	0.83	-0.17	0.98	0.85		0.96	0.86	0.81	0.06	0.63	0.96	-0.51	0.96	-0.74	-0.67	0.82	0.45	0.82	0.69	0.66	-0.12	0.09	0.08	0.01
Good Will	0.92	0.86	0.85	0.82	-0.41	0.89	0.84	0.96		0.85	0.83	-0.14	0.53	0.9	-0.69	0.99	-0.63	-0.83	0.78	0.65	0.67	0.51	0.61	-0.32	-0.14	-0.12	-0.15
Total Liab	0.97	0.64	0.72	1.0	-0.16	0.84	1.0	0.86	0.85		0.93	0.25	0.64	0.86	-0.48	0.85	-0.74	-0.63	0.99	0.41	0.73	0.73	0.67	-0.18	0.24	0.31	0.21
Total Current Assets	0.97	0.78	0.59	0.92	-0.26	0.75	0.94	0.81	0.83	0.93		0.1	0.46	0.8	-0.62	0.82	-0.56	-0.66	0.89	0.48	0.56	0.56	0.52	-0.28	0.1	0.19	0.04
Treasury Stock	0.07	-0.38	0.11	0.27	0.79	0.22	0.25	0.06	-0.14	0.25	0.1		0.48	0.27	0.39	-0.11	-0.55	0.55	0.36	-0.71	0.54	0.74	0.38	0.61	0.95	0.88	0.82
Short Term Debt	0.55	0.2	0.79	0.63	0.32	0.68	0.63	0.63	0.53	0.64	0.46	0.48		0.71	0.01	0.54	-0.75	-0.18	0.66	-0.03	0.84	0.76	0.97	0.41	0.51	0.48	0.43
Intangible Assets	0.87	0.68	0.88	0.83	0.02	0.97	0.85	0.96	0.9	0.86	0.8	0.27	0.71		-0.49	0.9	-0.83	-0.51	0.83	0.26	0.9	0.8	0.74	0.05	0.28	0.24	0.2
Common Stock	-0.65	-0.9	-0.39	-0.45	0.56	-0.4	-0.47	-0.51	-0.69	-0.48	-0.62	0.39	0.01	-0.49		-0.65	0.15	0.7	-0.36	-0.65	-0.12	0.0	-0.17	0.5	0.42	0.37	0.35
Property Plant Equipment	0.92	0.83	0.82	0.83	-0.36	0.91	0.85	0.96	0.99	0.85	0.82	-0.11	0.54	0.9	-0.65		-0.62	-0.82	0.79	0.64	0.69	0.53	0.6	-0.3	-0.11	-0.09	-0.15
Net Tangible Assets	-0.64	-0.33	-0.83	-0.72	-0.2	-0.81	-0.73	-0.74	-0.63	-0.74	-0.56	-0.55	-0.75	-0.83	0.15	-0.62		0.24	-0.75	0.06	-0.9	-0.88	-0.72	-0.29	-0.52	-0.45	-0.56
Short Term Investments	-0.75	-0.82	-0.57	-0.62	0.82	-0.53	-0.63	-0.67	-0.83	-0.63	-0.66	0.55	-0.18	-0.51	0.7	-0.82	0.24		-0.54	-0.92	-0.2	-0.03	-0.28	0.69	0.59	0.52	0.49
Long Term Debt Total	0.92	0.52	0.68	0.99	-0.06	0.82	0.99	0.82	0.78	0.99	0.89	0.36	0.66	0.83	-0.36	0.79	-0.75	-0.54		0.3	0.75	0.78	0.68	-0.11	0.35	0.41	0.27
Capital Surpluse	0.54	0.72	0.35	0.4	-0.88	0.3	0.41	0.45	0.65	0.41	0.48	-0.71	-0.03	0.26	-0.65	0.64	0.06	-0.92	0.3		-0.07	-0.24	0.11	-0.82	-0.74	-0.64	-0.66
Deferred Long Term Liab	0.65	0.32	0.82	0.71	0.36	0.91	0.71	0.82	0.67	0.73	0.56	0.54	0.84	0.9	-0.12	0.69	-0.9	-0.2	0.75	-0.07		0.94	0.79	0.39	0.57	0.51	0.48
Long Term Investments	0.6	0.16	0.64	0.73	0.49	0.8	0.73	0.69	0.51	0.73	0.56	0.74	0.76	0.8	0.0	0.53	-0.88	-0.03	0.78	-0.24	0.94		0.69	0.43	0.76	0.73	0.65
Short Long Term Debt	0.62	0.33	0.84	0.67	0.2	0.68	0.66	0.66	0.61	0.67	0.52	0.38	0.97	0.74	-0.17	0.6	-0.72	-0.28	0.68	0.11	0.79	0.69		0.28	0.4	0.39	0.34
Cash And Equivalents	-0.3	-0.48	0.04	-0.19	0.89	0.02	-0.19	-0.12	-0.32	-0.18	-0.28	0.61	0.41	0.05	0.5	-0.3	-0.29	0.69	-0.11	-0.82	0.39	0.43	0.28		0.74	0.68	0.65
Net Invested Capital	0.06	-0.39	0.1	0.25	0.88	0.25	0.24	0.09	-0.14	0.24	0.1	0.95	0.51	0.28	0.42	-0.11	-0.52	0.59	0.35	-0.74	0.57	0.76	0.4	0.74		0.97	0.84
Net Working Capital	0.12	-0.35	0.04	0.32	0.82	0.23	0.31	0.08	-0.12	0.31	0.19	0.88	0.48	0.24	0.37	-0.09	-0.45	0.52	0.41	-0.64	0.51	0.73	0.39	0.68	0.97		0.83
Capital Stock	0.01	-0.33	0.14	0.21	0.69	0.17	0.2	0.01	-0.15	0.21	0.04	0.82	0.43	0.2	0.35	-0.15	-0.56	0.49	0.27	-0.66	0.48	0.65	0.34	0.65	0.84	0.83

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 Element Solutions

According to the company's disclosures, Element Solutions has a Z Score of 0.0. This is 100.0% lower than that of the Chemicals 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.

Element Solutions Institutional Holders

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

		Shares
American Century Companies Inc	2023-12-31	5.5 M
Vaughan Nelson Scarbrgh & Mccullough Lp	2023-12-31	4.7 M
Barrow Hanley Mewhinney & Strauss Llc	2023-12-31	4.6 M
Massachusetts Financial Services Company	2023-12-31	4 M
State Street Corporation	2023-12-31	4 M
Glenview Capital Management Llc	2023-12-31	3.8 M
Geode Capital Management, Llc	2023-12-31	3.3 M
Locust Wood Capital Advisers, Llc	2023-12-31	2.7 M
Goldman Sachs Group Inc	2023-12-31	2.6 M
Vanguard Group Inc	2023-12-31	22.7 M
Fmr Inc	2023-12-31	20.9 M

Element Fundamentals

	Return On Equity	0.0495
	Return On Asset	0.0335
	Profit Margin	0.05 %
	Operating Margin	0.12 %
	Current Valuation	7.52 B
	Shares Outstanding	242.06 M
	Shares Owned By Insiders	7.78 %
	Shares Owned By Institutions	92.88 %
	Number Of Shares Shorted	3.86 M
	Price To Earning	32.41 X
	Price To Book	2.56 X
	Price To Sales	2.55 X
	Revenue	2.33 B
	Gross Profit	952.7 M
	EBITDA	420.3 M
	Net Income	116 M
	Cash And Equivalents	265.6 M
	Cash Per Share	0.96 X
	Total Debt	1.93 B
	Debt To Equity	0.82 %
	Current Ratio	3.33 X
	Book Value Per Share	9.64 X
	Cash Flow From Operations	329.5 M
	Short Ratio	2.96 X
	Earnings Per Share	0.48 X
	Target Price	27.56
	Number Of Employees	5.3 K
	Beta	1.31
	Market Capitalization	5.77 B
	Total Asset	4.97 B
	Retained Earnings	(1.18 B)
	Working Capital	828.1 M
	Current Asset	243.1 M
	Current Liabilities	329.75 M
	Annual Yield	0.01 %
	Net Asset	4.97 B
	Last Dividend Paid	0.32

About Element Solutions Fundamental Analysis

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

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 Element Solutions 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 Element Solutions will appreciate offsetting losses from the drop in the long position's value.

Moving together with Element Stock

0.94	DD	Dupont De Nemours Report 7th of May 2024	Pair Corr
0.77	FF	FutureFuel Corp	Pair Corr
0.72	ECVT	Ecovyst Financial Report 2nd of May 2024	Pair Corr

Moving against Element Stock

0.45

WDFC

WD 40 Company Financial Report 8th of July 2024

Pair Corr

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

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

How To Invest In Element

Details

Is Element Stock a good investment?

Details

What is Element Solutions' Net Worth?

Details

Largest Specialty Chemicals Companies

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Largest Basic Materials Companies

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Check out Element Solutions Piotroski F Score and Element Solutions Valuation analysis.

For more detail on how to invest in Element Stock please use our How to Invest in Element Solutions guide.

You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Element Stock analysis

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

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Is Element Solutions' 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 Element Solutions. If investors know Element 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 Element Solutions 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

5.762

Dividend Share

0.32

Earnings Share

0.48

Revenue Per Share

9.665

Quarterly Revenue Growth

(0)

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Element Solutions Stock Z Score

Element Solutions 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 )

Element Z Score Driver Correlations

Element Solutions Institutional Holders

Element Fundamentals

About Element Solutions Fundamental Analysis

Pair Trading with Element Solutions

Moving together with Element Stock

Moving against Element Stock

Complementary Tools for Element Stock analysis

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