# Tower Z Score

 TSEM Stock ILA 14,060  240.00  1.68%
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 Tower Semiconductor Piotroski F Score and Tower Semiconductor Valuation analysis.
 Tower

## Tower Z Score Analysis

Tower Semiconductor'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 Tower Semiconductor Z Score

40.8
Most of Tower Semiconductor'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, Tower Semiconductor 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.
 Compare to competition Predict Tower Semiconductor
Based on the company's disclosures, Tower Semiconductor has a Z Score of 40.8. This is 203.35% higher than that of the Semiconductors & Semiconductor Equipment sector and notably higher than that of the Information Technology industry. The z score for all Israel stocks is notably lower than that of the firm.

## Tower Z Score Peer Comparison

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

## Tower Fundamentals

 Return On Equity 0.14 % Return On Asset 0.08 % Profit Margin 0.14 % Operating Margin 0.16 % Current Valuation 15.01 B Shares Outstanding 109.5 M Shares Owned by Insiders 0.05 % Shares Owned by Institutions 56.83 % Price to Book 2.84 X Price to Sales 10.32 X Revenue 1.51 B Gross Profit 329.12 M EBITDA 437.22 M Net Income 150.01 M Cash and Equivalents 728.96 M Cash per Share 6.74 X Total Debt 230.97 M Debt to Equity 0.22 % Current Ratio 3.71 X Book Value Per Share 16.02 X Cash Flow from Operations 421.29 M Earnings Per Share 7.29 X Price to Earnings To Growth 0.63 X Target Price 20.0 Beta 0.96 Market Capitalization 15.74 B Total Asset 2.23 B Working Capital 413 M Current Asset 668 M Current Liabilities 255 M Z Score 40.8 Net Asset 2.23 B

## About Tower Semiconductor Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tower Semiconductor's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tower Semiconductor using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tower Semiconductor 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.
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel. TOWER SEMICONDUCTO is traded on Tel Aviv Stock Exchange in Israel.
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 Tower Semiconductor 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, Tower Semiconductor's short interest history, or implied volatility extrapolated from Tower Semiconductor options trading.

## Currently Active Assets on Macroaxis

Additionally, take a look at Tower Semiconductor Piotroski F Score and Tower Semiconductor Valuation analysis. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

## Complementary Tools for analysis

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