Red Pine Z Score

Stocks . Canada . 
Stock . Red Pine Exploration
RPX Stock  CAD 0.20  0.01  4.76%   
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, take a look at Red Pine Piotroski F Score and Red Pine Valuation analysis.
  

Red Pine Z Score Analysis

Red Pine'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 Red Pine Z Score

    
  -6.6  
Most of Red Pine'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, Red Pine Exploration 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, Red Pine Exploration has a Z Score of -6.6. This is 362.95% lower than that of the Basic Materials sector and 178.67% lower than that of the Gold industry. The z score for all Canada stocks is 175.69% higher than that of the company.

Red Pine Z Score Peer Comparison

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

Red Pine Fundamentals

Return On Equity(4.53) %
Return On Asset(2.05) %
Current Valuation34.24 M
Shares Outstanding136.86 M
Shares Owned by Insiders20.73 %
Shares Owned by Institutions14.51 %
Number of Shares Shorted367.89 K
Price to Earning(0.66) X
Price to Book13.49 X
EBITDA(10.72 M)
Net Income(11.1 M)
Cash and Equivalents1.77 M
Debt to Equity0.01 %
Current Ratio4.94 X
Book Value Per Share0.031 X
Cash Flow from Operations(10.87 M)
Short Ratio0.42 X
Earnings Per Share(0.11) X
Target Price0.8
Beta1.2
Market Capitalization26.69 M
Total Asset4.41 M
Z Score-6.6
Net Asset4.41 M

About Red Pine Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Red Pine Exploration's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Red Pine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Red Pine Exploration 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.
Red Pine Exploration Inc. engages in the acquisition, exploration, and development of mining properties in Canada. Red Pine Exploration Inc. was founded in 1936 and is headquartered in Toronto, Canada. RED PINE operates under Gold classification in Canada and is traded on TSX Venture Exchange. It employs 19 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Red Pine without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Complementary Tools for analysis

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