Ovintiv Stock Z Score

OVV Stock

USD 52.90 0.13 0.25%

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 Ovintiv Piotroski F Score and Ovintiv Valuation analysis.

For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.

At this time, Ovintiv's Capital Surpluse is fairly stable compared to the past year. Capital Lease Obligations is likely to climb to about 1 B in 2024, despite the fact that Net Working Capital is likely to grow to (1.1 B). At this time, Ovintiv's Net Income From Continuing Ops is fairly stable compared to the past year.

Ovintiv Company Z Score Analysis

Ovintiv'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

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 )

Ovintiv Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Ovintiv is extremely important. It helps to project a fair market value of Ovintiv Stock properly, considering its historical fundamentals such as Z Score. Since Ovintiv'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 Ovintiv'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 Ovintiv's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Intangible Assets	Good Will	Long Term Debt	Long Term Debt Total	Capital Surpluse	Property Plant Equipment	Net Tangible Assets	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Cash And Equivalents	Net Invested Capital	Net Working Capital	Short Long Term Debt	Capital Stock	Accumulated Depreciation
Total Assets		0.8	0.84	0.51	0.16	0.82	0.88	0.46	0.12	0.32	0.57	0.58	-0.2	0.29	0.2	-0.07	0.31	0.31	-0.08	-0.14	0.16	-0.05	0.39	0.0	-0.08	0.15	0.28
Total Stockholder Equity	0.8		0.55	0.39	0.24	0.6	0.43	0.05	-0.12	0.32	0.09	0.58	0.18	-0.13	-0.28	0.08	-0.03	0.7	0.27	-0.22	-0.2	-0.23	0.65	-0.18	-0.38	0.01	0.44
Net Debt	0.84	0.55		0.09	-0.05	0.67	0.85	0.23	0.17	0.24	0.63	0.62	-0.04	0.28	0.19	0.11	0.1	0.02	-0.05	0.24	0.01	-0.23	0.28	-0.19	0.02	-0.02	0.19
Retained Earnings	0.51	0.39	0.09		0.34	0.33	0.47	0.62	0.03	0.25	0.22	-0.14	-0.41	0.5	0.49	-0.57	0.73	0.25	-0.52	-0.63	0.71	0.54	0.1	0.6	0.15	0.55	0.19
Accounts Payable	0.16	0.24	-0.05	0.34		-0.04	0.04	0.04	-0.03	-0.53	-0.28	-0.33	-0.05	0.07	-0.02	0.43	0.13	0.17	0.16	0.06	0.07	-0.39	0.34	-0.34	-0.58	-0.38	0.47
Net Receivables	0.82	0.6	0.67	0.33	-0.04		0.78	0.48	0.21	0.15	0.65	0.61	-0.32	0.21	0.17	0.02	0.32	0.17	0.12	-0.06	0.09	-0.14	0.1	-0.1	-0.08	-0.01	-0.06
Total Liab	0.88	0.43	0.85	0.47	0.04	0.78		0.67	0.28	0.23	0.79	0.43	-0.45	0.54	0.52	-0.18	0.49	-0.09	-0.33	-0.05	0.39	0.11	0.07	0.14	0.18	0.21	0.07
Total Current Assets	0.46	0.05	0.23	0.62	0.04	0.48	0.67		0.48	0.16	0.49	0.11	-0.85	0.46	0.53	-0.44	0.62	-0.09	-0.46	-0.38	0.58	0.49	-0.19	0.51	0.26	0.4	-0.05
Short Term Debt	0.12	-0.12	0.17	0.03	-0.03	0.21	0.28	0.48		-0.24	0.03	0.19	-0.68	0.18	0.15	0.12	0.21	-0.1	0.02	0.32	0.07	-0.04	-0.05	-0.06	0.02	-0.15	0.07
Common Stock	0.32	0.32	0.24	0.25	-0.53	0.15	0.23	0.16	-0.24		0.34	0.17	0.08	0.07	0.19	-0.75	0.15	0.39	-0.41	-0.55	0.04	0.51	0.2	0.56	0.61	0.82	-0.17
Current Deferred Revenue	0.57	0.09	0.63	0.22	-0.28	0.65	0.79	0.49	0.03	0.34		0.26	-0.41	0.6	0.65	-0.34	0.5	-0.27	-0.38	-0.11	0.38	0.2	-0.17	0.22	0.46	0.36	-0.33
Intangible Assets	0.58	0.58	0.62	-0.14	-0.33	0.61	0.43	0.11	0.19	0.17	0.26		-0.02	-0.19	-0.39	0.22	-0.31	0.23	0.3	0.17	-0.31	-0.24	0.29	-0.25	-0.29	-0.2	0.34
Good Will	-0.2	0.18	-0.04	-0.41	-0.05	-0.32	-0.45	-0.85	-0.68	0.08	-0.41	-0.02		-0.49	-0.51	0.27	-0.59	0.12	0.31	0.18	-0.5	-0.3	0.16	-0.31	-0.2	-0.23	0.06
Long Term Debt	0.29	-0.13	0.28	0.5	0.07	0.21	0.54	0.46	0.18	0.07	0.6	-0.19	-0.49		0.92	-0.4	0.87	-0.19	-0.59	-0.06	0.71	0.27	0.04	0.32	0.43	0.44	0.05
Long Term Debt Total	0.2	-0.28	0.19	0.49	-0.02	0.17	0.52	0.53	0.15	0.19	0.65	-0.39	-0.51	0.92		-0.56	0.89	-0.31	-0.7	-0.17	0.75	0.44	-0.2	0.48	0.66	0.57	-0.28
Capital Surpluse	-0.07	0.08	0.11	-0.57	0.43	0.02	-0.18	-0.44	0.12	-0.75	-0.34	0.22	0.27	-0.4	-0.56		-0.55	-0.06	0.78	0.69	-0.59	-0.89	0.19	-0.93	-0.79	-0.98	0.29
Property Plant Equipment	0.31	-0.03	0.1	0.73	0.13	0.32	0.49	0.62	0.21	0.15	0.5	-0.31	-0.59	0.87	0.89	-0.55		0.01	-0.55	-0.35	0.78	0.41	-0.03	0.46	0.44	0.56	-0.14
Net Tangible Assets	0.31	0.7	0.02	0.25	0.17	0.17	-0.09	-0.09	-0.1	0.39	-0.27	0.23	0.12	-0.19	-0.31	-0.06	0.01		0.34	-0.39	-0.27	-0.21	0.81	-0.15	-0.3	0.19	0.35
Short Term Investments	-0.08	0.27	-0.05	-0.52	0.16	0.12	-0.33	-0.46	0.02	-0.41	-0.38	0.3	0.31	-0.59	-0.7	0.78	-0.55	0.34		0.35	-0.72	-0.76	0.29	-0.82	-0.7	-0.73	0.07
Deferred Long Term Liab	-0.14	-0.22	0.24	-0.63	0.06	-0.06	-0.05	-0.38	0.32	-0.55	-0.11	0.17	0.18	-0.06	-0.17	0.69	-0.35	-0.39	0.35		-0.44	-0.64	-0.02	-0.65	-0.19	-0.69	0.13
Long Term Investments	0.16	-0.2	0.01	0.71	0.07	0.09	0.39	0.58	0.07	0.04	0.38	-0.31	-0.5	0.71	0.75	-0.59	0.78	-0.27	-0.72	-0.44		0.63	-0.33	0.66	0.4	0.52	-0.11
Cash And Equivalents	-0.05	-0.23	-0.23	0.54	-0.39	-0.14	0.11	0.49	-0.04	0.51	0.2	-0.24	-0.3	0.27	0.44	-0.89	0.41	-0.21	-0.76	-0.64	0.63		-0.46	0.98	0.67	0.79	-0.25
Net Invested Capital	0.39	0.65	0.28	0.1	0.34	0.1	0.07	-0.19	-0.05	0.2	-0.17	0.29	0.16	0.04	-0.2	0.19	-0.03	0.81	0.29	-0.02	-0.33	-0.46		-0.39	-0.4	-0.01	0.67
Net Working Capital	0.0	-0.18	-0.19	0.6	-0.34	-0.1	0.14	0.51	-0.06	0.56	0.22	-0.25	-0.31	0.32	0.48	-0.93	0.46	-0.15	-0.82	-0.65	0.66	0.98	-0.39		0.69	0.85	-0.21
Short Long Term Debt	-0.08	-0.38	0.02	0.15	-0.58	-0.08	0.18	0.26	0.02	0.61	0.46	-0.29	-0.2	0.43	0.66	-0.79	0.44	-0.3	-0.7	-0.19	0.4	0.67	-0.4	0.69		0.77	-0.57
Capital Stock	0.15	0.01	-0.02	0.55	-0.38	-0.01	0.21	0.4	-0.15	0.82	0.36	-0.2	-0.23	0.44	0.57	-0.98	0.56	0.19	-0.73	-0.69	0.52	0.79	-0.01	0.85	0.77		-0.22
Accumulated Depreciation	0.28	0.44	0.19	0.19	0.47	-0.06	0.07	-0.05	0.07	-0.17	-0.33	0.34	0.06	0.05	-0.28	0.29	-0.14	0.35	0.07	0.13	-0.11	-0.25	0.67	-0.21	-0.57	-0.22

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

Predict Ovintiv

Based on the company's disclosures, Ovintiv has a Z Score of 0.0. This is 100.0% lower than that of the Oil, Gas & Consumable Fuels sector and 100.0% lower than that of the Energy industry. The z score for all United States stocks is 100.0% higher than that of the company.

Ovintiv Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ovintiv'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 Ovintiv could also be used in its relative valuation, which is a method of valuing Ovintiv by comparing valuation metrics of similar companies.

Ovintiv is currently under evaluation in z score category among related companies.

Ovintiv 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, Ovintiv's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ovintiv's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Ovintiv Institutional Holders

Institutional Holdings refers to the ownership stake in Ovintiv that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ovintiv'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 Ovintiv's value.

		Shares
Woodline Partners Lp	2023-12-31	3.1 M
Citadel Advisors Llc	2023-09-30	3.1 M
Millennium Management Llc	2023-12-31	2.9 M
Dimensional Fund Advisors, Inc.	2023-12-31	2.6 M
Amvescap Plc.	2023-12-31	2.5 M
Encap Energy Capital Fund X, L.p.	2023-12-31	2.3 M
Point72 Asset Management, L.p.	2023-09-30	2.1 M
Northern Trust Corp	2023-12-31	2 M
Morgan Stanley - Brokerage Accounts	2023-12-31	2 M
Blackrock Inc	2023-12-31	28.4 M
Vanguard Group Inc	2023-12-31	27 M

Ovintiv Fundamentals

	Return On Equity	0.23
	Return On Asset	0.11
	Profit Margin	0.20 %
	Operating Margin	0.42 %
	Current Valuation	20.84 B
	Shares Outstanding	268.95 M
	Shares Owned By Insiders	0.46 %
	Shares Owned By Institutions	82.94 %
	Number Of Shares Shorted	5.02 M
	Price To Earning	3.93 X
	Price To Book	1.39 X
	Price To Sales	1.36 X
	Revenue	10.73 B
	Gross Profit	7.28 B
	EBITDA	4.65 B
	Net Income	2.08 B
	Cash And Equivalents	5 M
	Cash Per Share	0.07 X
	Total Debt	6.68 B
	Debt To Equity	0.69 %
	Current Ratio	0.51 X
	Book Value Per Share	38.17 X
	Cash Flow From Operations	4.17 B
	Short Ratio	1.19 X
	Earnings Per Share	7.90 X
	Price To Earnings To Growth	0.11 X
	Target Price	61.6
	Number Of Employees	1.74 K
	Beta	2.69
	Market Capitalization	14.19 B
	Total Asset	19.99 B
	Retained Earnings	697 M
	Working Capital	(1.14 B)
	Current Asset	2.7 B
	Current Liabilities	2.01 B
	Annual Yield	0.02 %
	Five Year Return	1.84 %
	Net Asset	19.99 B
	Last Dividend Paid	1.15

About Ovintiv Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ovintiv's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ovintiv using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ovintiv 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.

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When determining whether Ovintiv is a strong investment it is important to analyze Ovintiv's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ovintiv's future performance. For an informed investment choice regarding Ovintiv Stock, refer to the following important reports:

How To Invest In Ovintiv

Details

Is Ovintiv Stock a good investment?

Details

What is Ovintiv's Net Worth?

Details

Largest Oil & Gas E&P Companies

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Largest Energy Companies

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Check out Ovintiv Piotroski F Score and Ovintiv Valuation analysis.

For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.

You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for Ovintiv Stock analysis

When running Ovintiv's price analysis, check to measure Ovintiv'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 Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.

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Is Ovintiv's 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 Ovintiv. If investors know Ovintiv 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 Ovintiv listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.41)

Dividend Share

1.15

Earnings Share

7.9

Revenue Per Share

41.02

Quarterly Revenue Growth

(0.12)

The market value of Ovintiv is measured differently than its book value, which is the value of Ovintiv that is recorded on the company's balance sheet. Investors also form their own opinion of Ovintiv's value that differs from its market value or its book value, called intrinsic value, which is Ovintiv'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 Ovintiv's market value can be influenced by many factors that don't directly affect Ovintiv'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 Ovintiv's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ovintiv is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ovintiv'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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Ovintiv Stock Z Score

Ovintiv Company Z Score Analysis

Z Score

Sum Of

5 Factors

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 )

Ovintiv Z Score Driver Correlations

Ovintiv Z Score Peer Comparison

Ovintiv ESG Sustainability

Ovintiv Institutional Holders

Ovintiv Fundamentals

About Ovintiv Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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