Encore Wire Stock Z Score

WIRE Stock  USD 280.50  0.07  0.02%   
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 Encore Wire Piotroski F Score and Encore Wire Valuation analysis.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
  
At present, Encore Wire's Change In Working Capital is projected to decrease significantly based on the last few years of reporting. The current year's Capital Expenditures is expected to grow to about 172.8 M, whereas Net Invested Capital is forecasted to decline to about 1.2 B. At present, Encore Wire's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 2.7 B, whereas Selling And Marketing Expenses is forecasted to decline to about 76 M.

Encore Wire Company Z Score Analysis

Encore Wire'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 )

Encore Z Score Driver Correlations

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

As per the company's disclosures, Encore Wire has a Z Score of 0.0. This is 100.0% lower than that of the Electrical Equipment 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.

Encore Wire 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, Encore Wire's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Encore Wire's managers, analysts, and investors.
Environmental
Governance
Social

Encore Wire Institutional Holders

Institutional Holdings refers to the ownership stake in Encore Wire that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Encore Wire'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 Encore Wire's value.
Shares
Geode Capital Management, Llc2023-12-31
346.2 K
Arrowstreet Capital Limited Partnership2023-12-31
313.9 K
American Century Companies Inc2023-12-31
310.2 K
Royce & Associates, Lp2023-12-31
302.2 K
Northern Trust Corp2023-12-31
259.8 K
Hhg Plc2023-12-31
238.7 K
Alliancebernstein L.p.2023-12-31
220.2 K
Charles Schwab Investment Management Inc2023-12-31
215.3 K
Bank Of New York Mellon Corp2023-12-31
170.6 K
Blackrock Inc2023-12-31
2.7 M
Vanguard Group Inc2023-12-31
1.7 M

Encore Fundamentals

About Encore Wire Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Encore Wire's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Encore Wire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Encore Wire 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 Encore Wire is a strong investment it is important to analyze Encore Wire'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 Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Encore Wire Piotroski F Score and Encore Wire Valuation analysis.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Is Encore Wire'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 Encore Wire. If investors know Encore 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 Encore Wire 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
(0.40)
Dividend Share
0.08
Earnings Share
19.05
Revenue Per Share
155.987
Quarterly Revenue Growth
(0.04)
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire'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 Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.