Tetra Technologies Stock Z Score

TTI Stock  USD 4.20  0.07  1.64%   
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 Tetra Technologies Piotroski F Score and Tetra Technologies Valuation analysis.
For more detail on how to invest in Tetra Stock please use our How to Invest in Tetra Technologies guide.
  
As of now, Tetra Technologies' Return On Capital Employed is decreasing as compared to previous years. As of now, Tetra Technologies' Income Before Tax is increasing as compared to previous years. The Tetra Technologies' current Net Income is estimated to increase to about 27.1 M, while Interest Expense is projected to decrease to under 18.1 M.

Tetra Z Score Analysis

Tetra Technologies' 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 Tetra Technologies Z Score

    
  3.05  
Most of Tetra Technologies' 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, Tetra Technologies 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 )

Tetra Z Score Driver Correlations

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

Based on the company's disclosures, Tetra Technologies has a Z Score of 3.05. This is 36.77% higher than that of the Energy Equipment & Services sector and 79.41% higher than that of the Energy industry. The z score for all United States stocks is 65.02% higher than that of the company.

Tetra Z Score Peer Comparison

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

Tetra Technologies Institutional Holders

Institutional Holdings refers to the ownership stake in Tetra Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tetra Technologies' 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 Tetra Technologies' value.
Shares
Sir Capital Management, L.p.2023-12-31
1.7 M
Two Sigma Advisers, Llc2023-12-31
1.3 M
Marathon Capital Management Llc2023-12-31
1.3 M
Maven Securities Ltd2023-12-31
1.2 M
Amvescap Plc.2023-12-31
1.2 M
Wealthtrust Axiom Llc2023-12-31
1.2 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.2 M
Northern Trust Corp2023-12-31
1.2 M
Two Sigma Investments Llc2023-12-31
1.1 M
Blackrock Inc2023-12-31
11.3 M
Vanguard Group Inc2023-12-31
7.5 M

Tetra Fundamentals

About Tetra Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tetra Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tetra Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tetra Technologies 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.
TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified oil and gas services company. The company was incorporated in 1981 and is headquartered in The Woodlands, Texas. Tetra Technologies operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1100 people.
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 Tetra Technologies 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, Tetra Technologies' short interest history, or implied volatility extrapolated from Tetra Technologies options trading.

Currently Active Assets on Macroaxis

When determining whether Tetra Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tetra Technologies' 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 Tetra Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tetra Technologies Stock:
Check out Tetra Technologies Piotroski F Score and Tetra Technologies Valuation analysis.
For more detail on how to invest in Tetra Stock please use our How to Invest in Tetra Technologies guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Tetra Stock analysis

When running Tetra Technologies' price analysis, check to measure Tetra Technologies' 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 Tetra Technologies is operating at the current time. Most of Tetra Technologies' value examination focuses on studying past and present price action to predict the probability of Tetra Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tetra Technologies' price. Additionally, you may evaluate how the addition of Tetra Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Tetra Technologies' 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 Tetra Technologies. If investors know Tetra 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 Tetra Technologies 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
17.316
Earnings Share
0.2
Revenue Per Share
4.833
Quarterly Revenue Growth
0.039
Return On Assets
0.0576
The market value of Tetra Technologies is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Technologies' value that differs from its market value or its book value, called intrinsic value, which is Tetra Technologies' 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 Tetra Technologies' market value can be influenced by many factors that don't directly affect Tetra Technologies' 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 Tetra Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra Technologies' 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.