Parker Hannifin Stock Z Score

PH Stock

USD 547.84 2.56 0.47%

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 Parker Hannifin Piotroski F Score and Parker Hannifin Valuation analysis.

For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.

As of now, Parker Hannifin's Return On Capital Employed is decreasing as compared to previous years. As of now, Parker Hannifin's Gross Profit is increasing as compared to previous years. The Parker Hannifin's current Other Operating Expenses is estimated to increase to about 19.3 B, while Operating Income is projected to decrease to under 998.2 M.

Parker Hannifin Company Z Score Analysis

Parker Hannifin'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 )

Parker Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Net Tangible Assets	Total Permanent Equity	Short Term Investments	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Current Deferred Revenue	Capital Stock
Total Assets		0.97	0.96	0.97	0.95	0.99	0.73	0.88	0.94	0.96	0.57	0.93	0.98	-0.71	0.79	0.59	0.59	-0.33	0.79	-0.85	0.88	-0.77	0.5	0.57	0.84	-0.2	-0.26	0.85	-0.69
Total Stockholder Equity	0.97		0.89	0.95	0.97	0.95	0.74	0.85	0.9	0.98	0.62	0.85	0.93	-0.65	0.77	0.62	0.46	-0.27	0.7	-0.8	0.85	-0.76	0.56	0.58	0.8	-0.24	-0.29	0.82	-0.68
Net Debt	0.96	0.89		0.9	0.83	0.98	0.65	0.87	0.93	0.86	0.39	0.96	0.97	-0.66	0.79	0.54	0.72	-0.43	0.83	-0.88	0.88	-0.74	0.39	0.58	0.88	-0.28	-0.24	0.85	-0.66
Retained Earnings	0.97	0.95	0.9		0.96	0.96	0.75	0.76	0.86	0.95	0.68	0.92	0.95	-0.83	0.76	0.46	0.6	-0.22	0.79	-0.84	0.78	-0.82	0.48	0.38	0.76	-0.13	-0.18	0.73	-0.61
Net Receivables	0.95	0.97	0.83	0.96		0.92	0.78	0.79	0.83	0.99	0.74	0.82	0.89	-0.72	0.71	0.55	0.43	-0.23	0.67	-0.73	0.76	-0.73	0.56	0.48	0.7	-0.12	-0.22	0.75	-0.63
Total Liab	0.99	0.95	0.98	0.96	0.92		0.72	0.87	0.94	0.93	0.54	0.96	0.98	-0.72	0.79	0.56	0.65	-0.34	0.81	-0.86	0.88	-0.76	0.46	0.56	0.85	-0.18	-0.25	0.84	-0.68
Total Current Assets	0.73	0.74	0.65	0.75	0.78	0.72		0.52	0.48	0.73	0.6	0.72	0.61	-0.66	0.44	0.24	0.3	-0.08	0.67	-0.62	0.38	-0.71	0.31	0.23	0.61	0.04	0.35	0.45	-0.33
Short Term Debt	0.88	0.85	0.87	0.76	0.79	0.87	0.52		0.94	0.83	0.35	0.74	0.84	-0.35	0.7	0.84	0.45	-0.34	0.56	-0.63	0.94	-0.45	0.54	0.85	0.8	-0.29	-0.53	0.97	-0.77
Intangible Assets	0.94	0.9	0.93	0.86	0.83	0.94	0.48	0.94		0.88	0.39	0.84	0.95	-0.51	0.8	0.74	0.59	-0.38	0.67	-0.77	0.99	-0.6	0.53	0.73	0.83	-0.29	-0.54	0.94	-0.77
Accounts Payable	0.96	0.98	0.86	0.95	0.99	0.93	0.73	0.83	0.88		0.67	0.83	0.92	-0.68	0.73	0.61	0.47	-0.29	0.68	-0.77	0.83	-0.73	0.56	0.54	0.75	-0.16	-0.28	0.81	-0.67
Common Stock	0.57	0.62	0.39	0.68	0.74	0.54	0.6	0.35	0.39	0.67		0.43	0.49	-0.67	0.59	0.17	0.04	0.1	0.47	-0.42	0.28	-0.47	0.6	0.04	0.39	-0.06	-0.07	0.27	-0.15
Long Term Debt	0.93	0.85	0.96	0.92	0.82	0.96	0.72	0.74	0.84	0.83	0.43		0.94	-0.79	0.75	0.35	0.78	-0.4	0.9	-0.92	0.77	-0.83	0.28	0.39	0.83	-0.1	-0.03	0.71	-0.56
Good Will	0.98	0.93	0.97	0.95	0.89	0.98	0.61	0.84	0.95	0.92	0.49	0.94		-0.71	0.82	0.52	0.69	-0.43	0.81	-0.89	0.9	-0.78	0.42	0.53	0.83	-0.23	-0.31	0.82	-0.67
Treasury Stock	-0.71	-0.65	-0.66	-0.83	-0.72	-0.72	-0.66	-0.35	-0.51	-0.68	-0.67	-0.79	-0.71		-0.59	0.0	-0.63	0.08	-0.8	0.76	-0.4	0.84	-0.23	0.14	-0.52	-0.07	-0.16	-0.3	0.16
Property Plant Equipment	0.79	0.77	0.79	0.76	0.71	0.79	0.44	0.7	0.8	0.73	0.59	0.75	0.82	-0.59		0.46	0.48	-0.37	0.83	-0.84	0.75	-0.63	0.58	0.48	0.89	-0.36	-0.35	0.67	-0.31
Net Tangible Assets	0.59	0.62	0.54	0.46	0.55	0.56	0.24	0.84	0.74	0.61	0.17	0.35	0.52	0.0	0.46		0.11	-0.06	0.18	-0.28	0.81	-0.12	0.66	0.86	0.59	-0.23	-0.71	0.89	-0.65
Total Permanent Equity	0.59	0.46	0.72	0.6	0.43	0.65	0.3	0.45	0.59	0.47	0.04	0.78	0.69	-0.63	0.48	0.11		-0.41	0.72	-0.75	0.57	-0.57	-0.1	0.13	0.55	0.03	0.01	0.46	-0.39
Short Term Investments	-0.33	-0.27	-0.43	-0.22	-0.23	-0.34	-0.08	-0.34	-0.38	-0.29	0.1	-0.4	-0.43	0.08	-0.37	-0.06	-0.41		-0.36	0.49	-0.38	0.32	0.27	-0.41	-0.36	0.07	0.01	-0.29	0.21
Long Term Debt Total	0.79	0.7	0.83	0.79	0.67	0.81	0.67	0.56	0.67	0.68	0.47	0.9	0.81	-0.8	0.83	0.18	0.72	-0.36		-0.95	0.59	-0.81	0.31	0.22	0.86	-0.1	0.12	0.52	-0.21
Capital Surpluse	-0.85	-0.8	-0.88	-0.84	-0.73	-0.86	-0.62	-0.63	-0.77	-0.77	-0.42	-0.92	-0.89	0.76	-0.84	-0.28	-0.75	0.49	-0.95		-0.71	0.88	-0.26	-0.31	-0.87	0.17	0.0	-0.61	0.34
Deferred Long Term Liab	0.88	0.85	0.88	0.78	0.76	0.88	0.38	0.94	0.99	0.83	0.28	0.77	0.9	-0.4	0.75	0.81	0.57	-0.38	0.59	-0.71		-0.51	0.52	0.77	0.81	-0.28	-0.6	0.97	-0.78
Accumulated Depreciation	-0.77	-0.76	-0.74	-0.82	-0.73	-0.76	-0.71	-0.45	-0.6	-0.73	-0.47	-0.83	-0.78	0.84	-0.63	-0.12	-0.57	0.32	-0.81	0.88	-0.51		-0.16	-0.09	-0.65	0.12	-0.17	-0.41	0.2
Long Term Investments	0.5	0.56	0.39	0.48	0.56	0.46	0.31	0.54	0.53	0.56	0.6	0.28	0.42	-0.23	0.58	0.66	-0.1	0.27	0.31	-0.26	0.52	-0.16		0.45	0.52	-0.3	-0.53	0.57	-0.31
Short Long Term Debt	0.57	0.58	0.58	0.38	0.48	0.56	0.23	0.85	0.73	0.54	0.04	0.39	0.53	0.14	0.48	0.86	0.13	-0.41	0.22	-0.31	0.77	-0.09	0.45		0.61	-0.32	-0.6	0.85	-0.68
Net Invested Capital	0.84	0.8	0.88	0.76	0.7	0.85	0.61	0.8	0.83	0.75	0.39	0.83	0.83	-0.52	0.89	0.59	0.55	-0.36	0.86	-0.87	0.81	-0.65	0.52	0.61		-0.31	-0.22	0.8	-0.43
Cash And Equivalents	-0.2	-0.24	-0.28	-0.13	-0.12	-0.18	0.04	-0.29	-0.29	-0.16	-0.06	-0.1	-0.23	-0.07	-0.36	-0.23	0.03	0.07	-0.1	0.17	-0.28	0.12	-0.3	-0.32	-0.31		0.43	-0.28	0.13
Net Working Capital	-0.26	-0.29	-0.24	-0.18	-0.22	-0.25	0.35	-0.53	-0.54	-0.28	-0.07	-0.03	-0.31	-0.16	-0.35	-0.71	0.01	0.01	0.12	0.0	-0.6	-0.17	-0.53	-0.6	-0.22	0.43		-0.58	0.49
Current Deferred Revenue	0.85	0.82	0.85	0.73	0.75	0.84	0.45	0.97	0.94	0.81	0.27	0.71	0.82	-0.3	0.67	0.89	0.46	-0.29	0.52	-0.61	0.97	-0.41	0.57	0.85	0.8	-0.28	-0.58		-0.8
Capital Stock	-0.69	-0.68	-0.66	-0.61	-0.63	-0.68	-0.33	-0.77	-0.77	-0.67	-0.15	-0.56	-0.67	0.16	-0.31	-0.65	-0.39	0.21	-0.21	0.34	-0.78	0.2	-0.31	-0.68	-0.43	0.13	0.49	-0.8

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 Parker Hannifin

Based on the company's disclosures, Parker Hannifin has a Z Score of 0.0. This is 100.0% lower than that of the Machinery sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Parker Hannifin Current Valuation Drivers

We derive many important indicators used in calculating different scores of Parker Hannifin from analyzing Parker Hannifin's financial statements. These drivers represent accounts that assess Parker Hannifin's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Parker Hannifin's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	23.5B	39.6B	31.6B	50.1B	45.1B	47.3B
Enterprise Value	31.3B	45.5B	42.6B	62.2B	55.9B	58.7B

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

Environment Score

Governance Score

Social Score

Parker Hannifin Institutional Holders

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

		Shares
Charles Schwab Investment Management Inc	2023-12-31	1.7 M
Nuveen Asset Management, Llc	2023-12-31	1.5 M
Goldman Sachs Group Inc	2023-12-31	1.5 M
Norges Bank	2023-12-31	1.4 M
Wellington Management Company Llp	2023-12-31	1.3 M
Northern Trust Corp	2023-12-31	1.3 M
Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main	2023-12-31	1.3 M
Alphinity Investment Management Pty Ltd	2023-12-31	1.1 M
Boston Partners Global Investors, Inc	2023-12-31	1.1 M
Vanguard Group Inc	2023-12-31	10.5 M
Blackrock Inc	2023-12-31	8.5 M

Parker Fundamentals

	Return On Equity	0.26
	Return On Asset	0.0841
	Profit Margin	0.13 %
	Operating Margin	0.20 %
	Current Valuation	82.08 B
	Shares Outstanding	128.41 M
	Shares Owned By Insiders	0.46 %
	Shares Owned By Institutions	84.09 %
	Number Of Shares Shorted	1.02 M
	Price To Earning	24.97 X
	Price To Book	6.25 X
	Price To Sales	3.56 X
	Revenue	19.07 B
	Gross Profit	6.57 B
	EBITDA	4.07 B
	Net Income	2.08 B
	Cash And Equivalents	475.18 M
	Cash Per Share	4.39 X
	Total Debt	12.56 B
	Debt To Equity	1.31 %
	Current Ratio	2.06 X
	Book Value Per Share	88.02 X
	Cash Flow From Operations	2.98 B
	Short Ratio	1.85 X
	Earnings Per Share	20.25 X
	Price To Earnings To Growth	2.26 X
	Target Price	587.13
	Number Of Employees	62.73 K
	Beta	1.52
	Market Capitalization	70.68 B
	Total Asset	29.96 B
	Retained Earnings	17.04 B
	Working Capital	(901.14 M)
	Current Asset	5.21 B
	Current Liabilities	2.37 B
	Annual Yield	0.01 %
	Five Year Return	1.61 %
	Net Asset	29.96 B
	Last Dividend Paid	5.77

About Parker Hannifin Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Parker Hannifin's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parker Hannifin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parker Hannifin 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 Parker Hannifin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Parker Hannifin'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 Parker Hannifin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Parker Hannifin Stock:

How To Invest In Parker

Details

Is Parker Stock a good investment?

Details

What is Parker Hannifin's Net Worth?

Details

Largest Specialty Industrial Machinery Companies

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Largest Industrials Companies

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Check out Parker Hannifin Piotroski F Score and Parker Hannifin Valuation analysis.

For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.

Note that the Parker Hannifin information on this page should be used as a complementary analysis to other Parker Hannifin's 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 the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Parker Stock analysis

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

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	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years

Is Parker Hannifin'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 Parker Hannifin. If investors know Parker 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 Parker Hannifin 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

0.72

Dividend Share

5.77

Earnings Share

20.25

Revenue Per Share

154.399

Quarterly Revenue Growth

0.031

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

Parker Hannifin 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 )

Parker Z Score Driver Correlations

Parker Hannifin Current Valuation Drivers

Parker Hannifin ESG Sustainability

Parker Hannifin Institutional Holders

Parker Fundamentals

About Parker Hannifin Fundamental Analysis

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Parker Stock analysis

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