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Hovnanian Enterprises Probability Of Bankruptcy AnalysisFor stocks, Probability Of Bankruptcy is normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by Macroaxis. The score is used to predict probability of a firm or a fund experiencing financial distress within next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100 indicating the actual probability the firm will be distressed in the next 2 fiscal years.
Hovnanian Enterprises Distress Driver Correlations
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About Probability Of BankruptcyProbability of Bankruptcy SHOULD NOT be confused with actual chance of a company to file for chapter 7, 11, 12 or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty to meet its current financial obligations towards its creditors or to deliver on the expectations of its investors. Macroaxis derives these conditions on a daily bases from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns including short term and long term historical volatility. Other factors taken into account include analysis of liquidity, revenues patterns, R&D expenses and commitments, as well as public headlines and social sentiment.
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Based on latest financial disclosure Hovnanian Enterprises has Probability Of Bankruptcy of 47.0%. This is much higher than that of the Consumer Cyclical sector, and significantly higher than that of Residential Construction industry, The Probability Of Bankruptcy for all stocks is notably lower than the firm.
Probability Of Bankruptcy
|Return On Equity||37.60%|
|Return On Asset||1.42%|
|Shares Owned by Insiders||10.29%|
|Shares Owned by Institutions||35.86%|
|Number of Shares Shorted||8.17M|
|Price to Earning||22.60X|
|Price to Book||(1.79)X|
|Price to Sales||0.05X|
|Cash and Equivalents||187.87M|
|Cash per Share||1.27X|
|Debt to Equity||(19.52)%|
|Book Value Per Share||(3.97)X|
|Cash Flow from Operations||(66.82M)|
|Earnings Per Share||0.029X|
|Price to Earnings To Growth||0.35X|
|Number of Employees||1.85K|