Shockwave Medical Stock Probability Of Bankruptcy
| SWAV Stock | USD 328.87 0.33 0.10% |
Shockwave | Probability Of Bankruptcy |
Shockwave Medical Company odds of financial turmoil Analysis
Shockwave Medical's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Shockwave Medical Probability Of Bankruptcy | Less than 3% |
Most of Shockwave Medical's fundamental indicators, such as Probability Of Bankruptcy, 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, Shockwave Medical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Shockwave Medical probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Shockwave Medical odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Shockwave Medical financial health.
Is Shockwave Medical'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 Shockwave Medical. If investors know Shockwave 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 Shockwave Medical 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 (0.69) | Earnings Share 3.84 | Revenue Per Share 19.894 | Quarterly Revenue Growth 0.409 | Return On Assets 0.0938 |
The market value of Shockwave Medical is measured differently than its book value, which is the value of Shockwave that is recorded on the company's balance sheet. Investors also form their own opinion of Shockwave Medical's value that differs from its market value or its book value, called intrinsic value, which is Shockwave Medical'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 Shockwave Medical's market value can be influenced by many factors that don't directly affect Shockwave Medical'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 Shockwave Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shockwave Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shockwave Medical'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.
Shockwave Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Shockwave Medical is extremely important. It helps to project a fair market value of Shockwave Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Shockwave Medical'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 Shockwave Medical'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 Shockwave Medical's interrelated accounts and indicators.
Click cells to compare fundamentals
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Shockwave Medical has a Probability Of Bankruptcy of 3.0%. This is 93.07% lower than that of the Health Care Equipment & Supplies sector and 92.71% lower than that of the Health Care industry. The probability of bankruptcy for all United States stocks is 92.47% higher than that of the company.
Shockwave Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Shockwave Medical's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Shockwave Medical could also be used in its relative valuation, which is a method of valuing Shockwave Medical by comparing valuation metrics of similar companies.Shockwave Medical is currently under evaluation in probability of bankruptcy category among related companies.
Shockwave Medical Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | (0.22) | (0.24) | (0.0264) | 0.33 | 0.094 | 0.0987 | |
| Asset Turnover | 0.19 | 0.25 | 0.69 | 0.76 | 0.47 | 0.3 | |
| Gross Profit Margin | 0.41 | 0.6 | 0.69 | 0.83 | 0.87 | 0.91 | |
| Net Debt | (116.3M) | (25.4M) | (42.0M) | (96.2M) | 442.2M | 464.3M | |
| Total Current Liabilities | 24.0M | 25.6M | 51.6M | 63.4M | 104.2M | 109.4M | |
| Non Current Liabilities Total | 15.3M | 20.8M | 52.2M | 71.4M | 793.7M | 833.4M | |
| Total Assets | 231.9M | 272.0M | 345.7M | 646.1M | 1.6B | 1.6B | |
| Total Current Assets | 216.7M | 246.3M | 285.9M | 459.3M | 1.2B | 1.3B | |
| Total Cash From Operating Activities | (48.1M) | (71.2M) | 15.0M | 117.7M | 196.1M | 205.9M |
Shockwave Fundamentals
| Return On Equity | 0.25 | ||||
| Return On Asset | 0.0938 | ||||
| Profit Margin | 0.20 % | ||||
| Operating Margin | 0.22 % | ||||
| Current Valuation | 12.07 B | ||||
| Shares Outstanding | 37.51 M | ||||
| Shares Owned By Insiders | 1.27 % | ||||
| Shares Owned By Institutions | 95.36 % | ||||
| Number Of Shares Shorted | 2.03 M | ||||
| Price To Earning | 178.55 X | ||||
| Price To Book | 18.38 X | ||||
| Price To Sales | 16.83 X | ||||
| Revenue | 730.23 M | ||||
| Gross Profit | 424.74 M | ||||
| EBITDA | 176.35 M | ||||
| Net Income | 147.28 M | ||||
| Cash And Equivalents | 224.91 M | ||||
| Cash Per Share | 6.26 X | ||||
| Total Debt | 770.61 M | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 5.32 X | ||||
| Book Value Per Share | 18.08 X | ||||
| Cash Flow From Operations | 196.05 M | ||||
| Short Ratio | 2.97 X | ||||
| Earnings Per Share | 3.84 X | ||||
| Price To Earnings To Growth | 1.38 X | ||||
| Target Price | 316.14 | ||||
| Number Of Employees | 1.47 K | ||||
| Beta | 0.88 | ||||
| Market Capitalization | 12.32 B | ||||
| Total Asset | 1.57 B | ||||
| Retained Earnings | 110.47 M | ||||
| Working Capital | 1.12 B | ||||
| Net Asset | 1.57 B |
About Shockwave Medical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Shockwave Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shockwave Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shockwave Medical 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.
Shockwave Medical Investors Sentiment
The influence of Shockwave Medical's 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 Shockwave. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Shockwave Medical's public news can be used to forecast risks associated with an investment in Shockwave. The trend in average sentiment can be used to explain how an investor holding Shockwave can time the market purely based on public headlines and social activities around Shockwave Medical. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Shockwave Medical's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Shockwave Medical's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Shockwave Medical's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Shockwave Medical.
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 Shockwave Medical 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, Shockwave Medical's short interest history, or implied volatility extrapolated from Shockwave Medical options trading.
Currently Active Assets on Macroaxis
When determining whether Shockwave Medical is a strong investment it is important to analyze Shockwave Medical'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 Shockwave Medical's future performance. For an informed investment choice regarding Shockwave Stock, refer to the following important reports:Check out Shockwave Medical Piotroski F Score and Shockwave Medical Altman Z Score analysis. For more information on how to buy Shockwave Stock please use our How to Invest in Shockwave Medical guide.Note that the Shockwave Medical information on this page should be used as a complementary analysis to other Shockwave Medical'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Shockwave Stock analysis
When running Shockwave Medical's price analysis, check to measure Shockwave Medical'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 Shockwave Medical is operating at the current time. Most of Shockwave Medical's value examination focuses on studying past and present price action to predict the probability of Shockwave Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shockwave Medical's price. Additionally, you may evaluate how the addition of Shockwave Medical to your portfolios can decrease your overall portfolio volatility.
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |
Is Shockwave Medical'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 Shockwave Medical. If investors know Shockwave 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 Shockwave Medical 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 (0.69) | Earnings Share 3.84 | Revenue Per Share 19.894 | Quarterly Revenue Growth 0.409 | Return On Assets 0.0938 |
The market value of Shockwave Medical is measured differently than its book value, which is the value of Shockwave that is recorded on the company's balance sheet. Investors also form their own opinion of Shockwave Medical's value that differs from its market value or its book value, called intrinsic value, which is Shockwave Medical'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 Shockwave Medical's market value can be influenced by many factors that don't directly affect Shockwave Medical'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 Shockwave Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shockwave Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shockwave Medical'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.