Legend Biotech Corp Stock Z Score
| LEGN Stock | USD 56.61 2.53 4.28% |
Legend | Z Score |
Legend Biotech Corp Company Z Score Analysis
Legend Biotech'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..
| |||||||
| |||||||
| |||||||
| |||||||
|
Legend Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Legend Biotech is extremely important. It helps to project a fair market value of Legend Stock properly, considering its historical fundamentals such as Z Score. Since Legend Biotech'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 Legend Biotech'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 Legend Biotech's interrelated accounts and indicators.
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 |
Based on the company's disclosures, Legend Biotech Corp has a Z Score of 0.0. This is 100.0% lower than that of the Biotechnology sector and 100.0% lower than that of the Health Care industry. The z score for all United States stocks is 100.0% higher than that of the company.
Legend Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Legend Biotech'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 Legend Biotech could also be used in its relative valuation, which is a method of valuing Legend Biotech by comparing valuation metrics of similar companies.Legend Biotech is currently under evaluation in z score category among its peers.
Legend Biotech ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Legend Biotech's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Legend Biotech's managers, analysts, and investors.Environmental | Governance | Social |
Legend Biotech Institutional Holders
Institutional Holdings refers to the ownership stake in Legend Biotech that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Legend Biotech'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 Legend Biotech's value.| Shares | Massachusetts Financial Services Company | 2024-03-31 | 1.9 M | Federated Hermes Inc | 2024-03-31 | 1.5 M | Braidwell Lp | 2024-03-31 | 1.2 M | Timessquare Capital Management, Llc | 2024-03-31 | 1.2 M | Alliancebernstein L.p. | 2024-03-31 | 1.1 M | State Street Corporation | 2024-03-31 | 1 M | Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2024-03-31 | 1 M | Johnson & Johnson | 2024-03-31 | 814.6 K | Holocene Advisors, Lp | 2024-03-31 | 761.6 K | Fmr Inc | 2024-03-31 | 16.1 M | T. Rowe Price Associates, Inc. | 2024-03-31 | 10.9 M |
Legend Fundamentals
| Return On Equity | -0.51 | ||||
| Return On Asset | -0.18 | ||||
| Profit Margin | (1.36) % | ||||
| Operating Margin | (1.25) % | ||||
| Current Valuation | 20.59 B | ||||
| Shares Outstanding | 182.28 M | ||||
| Shares Owned By Insiders | 1.31 % | ||||
| Shares Owned By Institutions | 49.21 % | ||||
| Number Of Shares Shorted | 11.06 M | ||||
| Price To Book | 7.69 X | ||||
| Price To Sales | 33.76 X | ||||
| Revenue | 285.14 M | ||||
| Gross Profit | (284.01 M) | ||||
| EBITDA | (421.76 M) | ||||
| Net Income | (518.25 M) | ||||
| Cash And Equivalents | 791.26 M | ||||
| Cash Per Share | 5.11 X | ||||
| Total Debt | 328.67 M | ||||
| Debt To Equity | 0.29 % | ||||
| Current Ratio | 3.83 X | ||||
| Book Value Per Share | 6.39 X | ||||
| Cash Flow From Operations | (384.47 M) | ||||
| Short Ratio | 9.76 X | ||||
| Earnings Per Share | (2.58) X | ||||
| Target Price | 82.43 | ||||
| Number Of Employees | 2 K | ||||
| Beta | 0.11 | ||||
| Market Capitalization | 10.78 B | ||||
| Total Asset | 1.85 B | ||||
| Retained Earnings | (1.48 B) | ||||
| Working Capital | 1.28 B | ||||
| Net Asset | 1.85 B |
About Legend Biotech Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Legend Biotech Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Legend Biotech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Legend Biotech 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 Legend Biotech
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 Legend Biotech 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 Legend Biotech will appreciate offsetting losses from the drop in the long position's value.Moving together with Legend Stock
| 0.71 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Legend Stock
| 0.7 | ALVO | Alvotech | PairCorr |
| 0.69 | ONCT | Oncternal Therapeutics | PairCorr |
| 0.66 | IMMP | Immutep Ltd ADR Earnings Call Tomorrow | PairCorr |
| 0.51 | ENTX | Entera Bio | PairCorr |
| 0.44 | MRK | Merck Company Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Legend Biotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legend Biotech 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 Legend Biotech - 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 Legend Biotech Corp to buy it.
The correlation of Legend Biotech 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 Legend Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legend Biotech 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 Legend Biotech 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.Additional Information and Resources on Investing in Legend Stock
When determining whether Legend Biotech Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legend Biotech'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 Legend Biotech Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legend Biotech Corp Stock:Check out Legend Biotech Piotroski F Score and Legend Biotech Valuation analysis. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Biotechnology space 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 Legend Biotech. If investors know Legend 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 Legend Biotech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.58) | Revenue Per Share 1.902 | Quarterly Revenue Growth 1.587 | Return On Assets (0.18) | Return On Equity (0.51) |
The market value of Legend Biotech Corp is measured differently than its book value, which is the value of Legend that is recorded on the company's balance sheet. Investors also form their own opinion of Legend Biotech's value that differs from its market value or its book value, called intrinsic value, which is Legend Biotech'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 Legend Biotech's market value can be influenced by many factors that don't directly affect Legend Biotech'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 Legend Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legend Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legend Biotech'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.