Imagine Z Score

Stocks . Canada . 
Stock . Imagine Lithium
ILI Stock  CAD 0.08  0.01  11.11%   
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 Imagine Lithium Piotroski F Score and Imagine Lithium Valuation analysis.
  

Imagine Z Score Analysis

Imagine Lithium'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

Current Imagine Lithium Z Score

    
  -2.15  
Most of Imagine Lithium's 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, Imagine Lithium 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, Imagine Lithium has a Z Score of -2.15. This is 185.66% lower than that of the Basic Materials sector and 196.41% lower than that of the Industrial Metals & Minerals industry. The z score for all Canada stocks is 124.66% higher than that of the company.

Imagine Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Imagine Lithium's 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 Imagine Lithium could also be used in its relative valuation, which is a method of valuing Imagine Lithium by comparing valuation metrics of similar companies.
Imagine Lithium is currently under evaluation in z score category among related companies.

Imagine Fundamentals

Return On Equity(0.32) %
Return On Asset(0.0486) %
Current Valuation14.43 M
Shares Outstanding275.55 M
Shares Owned by Insiders1.53 %
Shares Owned by Institutions2.08 %
Number of Shares Shorted35.29 K
Price to Book1.69 X
EBITDA(682.3 K)
Net Income(497.87 K)
Cash and Equivalents103.04 K
Debt to Equity2.50 %
Current Ratio4.20 X
Book Value Per Share0.05 X
Cash Flow from Operations(628.06 K)
Short Ratio0.29 X
Earnings Per Share(0.01) X
Beta1.51
Market Capitalization22.04 M
Total Asset13.01 M
Retained Earnings(22.36 M)
Working Capital4.62 M
Z Score-2.15
Net Asset13.01 M

About Imagine Lithium Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Imagine Lithium's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Imagine Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Imagine Lithium 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.
Infinite Lithium Corp., a junior mineral exploration company, engages in acquiring, exploring, and evaluating mineral properties in North America. Infinite Lithium Corp. was incorporated in 2004 and is headquartered in Vancouver, Canada. INFINITE LITHIUM operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Imagine Lithium in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Imagine Lithium's short interest history, or implied volatility extrapolated from Imagine Lithium options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Imagine Lithium using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Check out Imagine Lithium Piotroski F Score and Imagine Lithium Valuation analysis. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Imagine Stock analysis

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


 
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