Loop Industries Z Score

LOOP -  USA Stock  

USD 9.48  0.32  3.49%

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. Additionally, see Loop Industries Piotroski F Score and Loop Industries Valuation analysis.

Loop Industries Z Score 

 
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Loop Industries Invested Capital is very stable at the moment as compared to the past year. Loop Industries reported last year Invested Capital of 9.07 Million. As of 16th of January 2022, Working Capital is likely to grow to about 34.9 M, while Capital Expenditure is likely to drop (2.7 M). Loop Industries Interest Expense is very stable at the moment as compared to the past year. Loop Industries reported last year Interest Expense of 2.22 Million. As of 16th of January 2022, Operating Expenses is likely to grow to about 15.1 M, while Net Income is likely to drop (15.7 M).

Loop Industries Z Score Analysis

Loop Industries' 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 Loop Industries Z Score

    
  72.6  
Most of Loop Industries' 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, Loop Industries 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 )

Loop Industries Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Loop Industries is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Loop Industries' 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 Loop Industries' 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 Loop Industries' interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score 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 high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

Based on the company's disclosures, Loop Industries has a Z Score of 72. This is much higher than that of the Basic Materials sector and notably higher than that of the Specialty Chemicals industry. The z score for all United States stocks is notably lower than that of the firm.

Loop Industries Z Score Peer Comparison

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

Loop Industries Institutional Holders

Institutional Holdings refers to the ownership stake in Loop Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Loop Industries' 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 Loop Industries' value.
Security TypeSharesValue
Handelsbanken Fonder AbCommon Shares2.5 M28.6 M
Handelsinvest InvesteringsforvaltningCommon Shares300 K3.4 M
Vanguard Group IncCommon Shares245.9 K2.8 M
Jackson Hole Capital Partners LlcCommon Shares238.5 K2.7 M
Blackrock IncCommon Shares222.8 K2.5 M
Geode Capital Management LlcCommon Shares219.2 K2.5 M
Kore Private Wealth LlcCommon Shares217.2 K2.5 M
Susquehanna International Group LlpCall Options108.1 K1.2 M
Citadel Advisors LlcPut Options41.2 K471 K

Loop Industries Fundamentals

About Loop Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Loop Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Loop Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Loop Industries 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.
Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate plastics and polyester fibers into base building blocks. The company was incorporated in 2010 and is based in Terrebonne, Canada. Loop Industries operates under Specialty Chemicals classification in the United States and is traded on NASDAQ Exchange. It employs 79 people.

Loop Industries Investors Sentiment

The influence of Loop Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Loop Industries. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Loop Industries Implied Volatility

    
  176.62  
Loop Industries' implied volatility exposes the market's sentiment of Loop Industries stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Loop Industries' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Loop Industries stock will not fluctuate a lot when Loop Industries' options are near their expiration.
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 Loop Industries 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, Loop Industries' short interest history, or implied volatility extrapolated from Loop Industries options trading.

Current Sentiment - LOOP

Loop Industries Investor Sentiment

Most of Macroaxis users are now bullish on Loop Industries. What is your trading attitude regarding investing in Loop Industries? Are you bullish or bearish?
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Additionally, see Loop Industries Piotroski F Score and Loop Industries Valuation analysis. Note that the Loop Industries information on this page should be used as a complementary analysis to other Loop Industries' 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Loop Industries price analysis, check to measure Loop Industries' 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 Loop Industries is operating at the current time. Most of Loop Industries' value examination focuses on studying past and present price action to predict the probability of Loop Industries' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Loop Industries' price. Additionally, you may evaluate how the addition of Loop Industries to your portfolios can decrease your overall portfolio volatility.
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Is Loop Industries' 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 Loop Industries. If investors know Loop Industries 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 Loop Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Loop Industries is measured differently than its book value, which is the value of Loop Industries that is recorded on the company's balance sheet. Investors also form their own opinion of Loop Industries' value that differs from its market value or its book value, called intrinsic value, which is Loop Industries' 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 Loop Industries' market value can be influenced by many factors that don't directly affect Loop Industries' 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 Loop Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine Loop Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Loop Industries' 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.