North Z Score

Stocks . Canada . 
Stock . North Arrow Minerals
NAR Stock  CAD 0.06  0.005  8.33%   
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 North Arrow Piotroski F Score and North Arrow Valuation analysis.
  

North Z Score Analysis

North Arrow'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 North Arrow Z Score

    
  11.4  
Most of North Arrow'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, North Arrow Minerals 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 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.
Competition

Based on the company's disclosures, North Arrow Minerals has a Z Score of 11.4. This is 354.18% higher than that of the Basic Materials sector and significantly higher than that of the Other Precious Metals & Mining industry. The z score for all Canada stocks is 30.73% lower than that of the firm.

North Z Score Peer Comparison

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

North Fundamentals

Return On Equity(0.09) %
Return On Asset(0.05) %
Current Valuation4.68 M
Shares Outstanding137.6 M
Shares Owned by Insiders30.30 %
Shares Owned by Institutions0.84 %
Number of Shares Shorted30 K
Price to Earning(26.11) X
Price to Book0.27 X
Gross Profit(45.58 K)
EBITDA(790.75 K)
Net Income(1.7 M)
Cash and Equivalents2.39 M
Cash per Share0.02 X
Total Debt432.75 K
Debt to Equity0.021 %
Current Ratio0.99 X
Book Value Per Share0.15 X
Cash Flow from Operations(655.67 K)
Short Ratio0.47 X
Earnings Per Share(0.01) X
Beta2.66
Market Capitalization8.26 M
Total Asset20.14 M
Z Score11.4
Net Asset20.14 M

About North Arrow Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze North Arrow Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of North Arrow using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of North Arrow Minerals 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.
North Arrow Minerals Inc. engages in the acquisition and exploration of diamond properties in Canada. It also owns a 100 percent interest in ORO gold property located in the Hope Bay Volcanic Belt in Nunavut. NORTH ARROW operates under Other Precious Metals Mining classification in Exotistan and is traded on Commodity 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 North Arrow 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, North Arrow's short interest history, or implied volatility extrapolated from North Arrow 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 North Arrow Minerals 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 North Arrow Piotroski F Score and North Arrow Valuation analysis. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Complementary Tools for analysis

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


 
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