Olympic Steel Stock Z Score

ZEUS Stock

USD 68.62 0.37 0.54%

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 Olympic Steel Piotroski F Score and Olympic Steel Valuation analysis.

For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.

At this time, Olympic Steel's Net Working Capital is comparatively stable compared to the past year. Capital Stock is likely to gain to about 146.6 M in 2024, whereas Capital Lease Obligations is likely to drop slightly above 31.7 M in 2024. At this time, Olympic Steel's Interest Expense is comparatively stable compared to the past year. Operating Income is likely to gain to about 81.6 M in 2024, whereas Total Revenue is likely to drop slightly above 1.2 B in 2024.

Olympic Steel Company Z Score Analysis

Olympic Steel'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 )

Olympic Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Deferred Long Term Liab	Treasury Stock	Accumulated Depreciation	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.67	0.76	0.64	0.89	0.89	0.91	0.95	0.13	0.35	0.09	0.73	0.71	0.37	-0.72	0.72	0.3	0.26	-0.42	-0.02	-0.48	-0.4	0.68	0.63	0.1
Total Stockholder Equity	0.67		0.24	0.99	0.52	0.6	0.43	0.63	-0.04	0.82	0.4	0.74	0.27	0.08	-0.54	0.79	0.57	0.03	-0.45	-0.22	-0.65	-0.6	0.81	0.7	0.78
Net Debt	0.76	0.24		0.2	0.77	0.74	0.95	0.8	0.4	0.0	-0.15	0.43	0.98	0.35	-0.53	0.22	0.04	0.68	-0.19	0.22	-0.22	-0.18	0.39	0.48	-0.18
Retained Earnings	0.64	0.99	0.2		0.49	0.58	0.39	0.6	-0.06	0.83	0.41	0.67	0.22	0.02	-0.45	0.81	0.54	0.04	-0.42	-0.18	-0.61	-0.58	0.84	0.72	0.81
Accounts Payable	0.89	0.52	0.77	0.49		0.77	0.93	0.84	0.07	0.27	0.23	0.53	0.74	0.49	-0.65	0.47	0.04	0.43	-0.4	0.17	-0.27	-0.17	0.5	0.5	0.03
Net Receivables	0.89	0.6	0.74	0.58	0.77		0.82	0.97	0.17	0.17	-0.23	0.68	0.67	-0.02	-0.5	0.73	0.46	0.34	-0.5	-0.14	-0.65	-0.58	0.76	0.79	0.12
Total Liab	0.91	0.43	0.95	0.39	0.93	0.82		0.89	0.24	0.17	0.03	0.54	0.91	0.46	-0.65	0.41	0.07	0.55	-0.28	0.18	-0.28	-0.2	0.49	0.53	-0.08
Total Current Assets	0.95	0.63	0.8	0.6	0.84	0.97	0.89		0.21	0.22	-0.12	0.69	0.74	0.13	-0.58	0.71	0.37	0.38	-0.45	-0.05	-0.56	-0.49	0.75	0.78	0.11
Short Term Debt	0.13	-0.04	0.4	-0.06	0.07	0.17	0.24	0.21		-0.1	-0.31	0.12	0.46	0.0	-0.08	-0.04	0.16	0.46	-0.17	0.17	-0.12	-0.22	0.17	0.24	-0.12
Intangible Assets	0.35	0.82	0.0	0.83	0.27	0.17	0.17	0.22	-0.1		0.69	0.43	0.05	0.15	-0.32	0.54	0.36	0.02	-0.21	-0.05	-0.32	-0.35	0.6	0.37	0.85
Good Will	0.09	0.4	-0.15	0.41	0.23	-0.23	0.03	-0.12	-0.31	0.69		-0.02	-0.07	0.52	-0.22	0.07	-0.18	-0.05	0.14	0.14	0.32	0.25	0.11	-0.06	0.46
Common Stock	0.73	0.74	0.43	0.67	0.53	0.68	0.54	0.69	0.12	0.43	-0.02		0.45	0.14	-0.85	0.62	0.75	-0.15	-0.66	-0.52	-0.84	-0.75	0.53	0.46	0.32
Long Term Debt	0.71	0.27	0.98	0.22	0.74	0.67	0.91	0.74	0.46	0.05	-0.07	0.45		0.39	-0.58	0.13	0.07	0.68	-0.18	0.19	-0.21	-0.18	0.36	0.47	-0.1
Property Plant Equipment	0.37	0.08	0.35	0.02	0.49	-0.02	0.46	0.13	0.0	0.15	0.52	0.14	0.39		-0.61	-0.19	-0.45	0.03	0.16	0.32	0.35	0.46	-0.25	-0.3	-0.23
Current Deferred Revenue	-0.72	-0.54	-0.53	-0.45	-0.65	-0.5	-0.65	-0.58	-0.08	-0.32	-0.22	-0.85	-0.58	-0.61		-0.32	-0.37	0.12	0.43	0.3	0.46	0.35	-0.22	-0.16	-0.06
Net Tangible Assets	0.72	0.79	0.22	0.81	0.47	0.73	0.41	0.71	-0.04	0.54	0.07	0.62	0.13	-0.19	-0.32		0.58	-0.07	-0.45	-0.27	-0.65	-0.63	0.87	0.72	0.45
Total Permanent Equity	0.3	0.57	0.04	0.54	0.04	0.46	0.07	0.37	0.16	0.36	-0.18	0.75	0.07	-0.45	-0.37	0.58		-0.24	-0.62	-0.77	-0.89	-0.94	0.56	0.48	0.47
Long Term Debt Total	0.26	0.03	0.68	0.04	0.43	0.34	0.55	0.38	0.46	0.02	-0.05	-0.15	0.68	0.03	0.12	-0.07	-0.24		0.01	0.56	0.12	0.09	0.34	0.48	0.03
Deferred Long Term Liab	-0.42	-0.45	-0.19	-0.42	-0.4	-0.5	-0.28	-0.45	-0.17	-0.21	0.14	-0.66	-0.18	0.16	0.43	-0.45	-0.62	0.01		0.3	0.74	0.7	-0.39	-0.34	-0.21
Treasury Stock	-0.02	-0.22	0.22	-0.18	0.17	-0.14	0.18	-0.05	0.17	-0.05	0.14	-0.52	0.19	0.32	0.3	-0.27	-0.77	0.56	0.3		0.59	0.55	-0.16	-0.13	-0.16
Accumulated Depreciation	-0.48	-0.65	-0.22	-0.61	-0.27	-0.65	-0.28	-0.56	-0.12	-0.32	0.32	-0.84	-0.21	0.35	0.46	-0.65	-0.89	0.12	0.74	0.59		0.91	-0.61	-0.57	-0.44
Short Long Term Debt	-0.4	-0.6	-0.18	-0.58	-0.17	-0.58	-0.2	-0.49	-0.22	-0.35	0.25	-0.75	-0.18	0.46	0.35	-0.63	-0.94	0.09	0.7	0.55	0.91		-0.62	-0.55	-0.47
Net Invested Capital	0.68	0.81	0.39	0.84	0.5	0.76	0.49	0.75	0.17	0.6	0.11	0.53	0.36	-0.25	-0.22	0.87	0.56	0.34	-0.39	-0.16	-0.61	-0.62		0.94	0.6
Net Working Capital	0.63	0.7	0.48	0.72	0.5	0.79	0.53	0.78	0.24	0.37	-0.06	0.46	0.47	-0.3	-0.16	0.72	0.48	0.48	-0.34	-0.13	-0.57	-0.55	0.94		0.49
Capital Stock	0.1	0.78	-0.18	0.81	0.03	0.12	-0.08	0.11	-0.12	0.85	0.46	0.32	-0.1	-0.23	-0.06	0.45	0.47	0.03	-0.21	-0.16	-0.44	-0.47	0.6	0.49

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

Predict Olympic Steel

As per the company's disclosures, Olympic Steel has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Olympic Steel Institutional Holders

Institutional Holdings refers to the ownership stake in Olympic Steel that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Olympic Steel'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 Olympic Steel's value.

		Shares
American Century Companies Inc	2023-12-31	206.1 K
Jb Capital Partners Lp	2023-12-31	197.5 K
Nuveen Asset Management, Llc	2023-12-31	169.2 K
Ameriprise Financial Inc	2023-12-31	164.1 K
Charles Schwab Investment Management Inc	2023-12-31	154.6 K
Aqr Capital Management Llc	2023-12-31	153.8 K
Bank Of New York Mellon Corp	2023-12-31	121.2 K
Jacobs Levy Equity Management, Inc.	2023-09-30	109.8 K
Northern Trust Corp	2023-12-31	109.5 K
Blackrock Inc	2023-12-31	2.1 M
Dimensional Fund Advisors, Inc.	2023-12-31	931.7 K

Olympic Fundamentals

	Return On Equity	0.0831
	Return On Asset	0.0555
	Profit Margin	0.02 %
	Operating Margin	0.03 %
	Current Valuation	979.1 M
	Shares Outstanding	11.13 M
	Shares Owned By Insiders	12.03 %
	Shares Owned By Institutions	89.00 %
	Number Of Shares Shorted	328.57 K
	Price To Earning	1.85 X
	Price To Book	1.37 X
	Price To Sales	0.35 X
	Revenue	2.16 B
	Gross Profit	486.06 M
	EBITDA	104.85 M
	Net Income	44.53 M
	Cash And Equivalents	8.45 M
	Cash Per Share	0.76 X
	Total Debt	228.47 M
	Debt To Equity	0.64 %
	Current Ratio	3.49 X
	Book Value Per Share	49.90 X
	Cash Flow From Operations	173.58 M
	Short Ratio	2.86 X
	Earnings Per Share	3.85 X
	Price To Earnings To Growth	0.46 X
	Target Price	73.0
	Number Of Employees	2.17 K
	Beta	1.65
	Market Capitalization	763.91 M
	Total Asset	1.01 B
	Retained Earnings	418.9 M
	Working Capital	422.93 M
	Current Asset	308.95 M
	Current Liabilities	77.06 M
	Annual Yield	0.01 %
	Five Year Return	0.52 %
	Net Asset	1.01 B
	Last Dividend Paid	0.5

About Olympic Steel Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Olympic Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Olympic Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Olympic Steel 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.

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 Olympic Steel 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, Olympic Steel's short interest history, or implied volatility extrapolated from Olympic Steel options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

LTC	Litecoin
STETH	Staked Ether
LINK	Chainlink

When determining whether Olympic Steel is a strong investment it is important to analyze Olympic Steel'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 Olympic Steel's future performance. For an informed investment choice regarding Olympic Stock, refer to the following important reports:

How To Invest In Olympic

Details

Is Olympic Stock a good investment?

Details

What is Olympic Steel's Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Materials Companies

View

Check out Olympic Steel Piotroski F Score and Olympic Steel Valuation analysis.

For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.

You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Olympic Stock analysis

When running Olympic Steel's price analysis, check to measure Olympic Steel'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 Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.

	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA
	Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon
	Content Syndication Quickly integrate customizable finance content to your own investment portal
	Technical Analysis Check basic technical indicators and analysis based on most latest market data
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Equity Valuation Check real value of public entities based on technical and fundamental data

Is Olympic Steel'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 Olympic Steel. If investors know Olympic 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 Olympic Steel 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

0.867

Dividend Share

0.5

Earnings Share

3.85

Revenue Per Share

186.483

Quarterly Revenue Growth

(0.06)

The market value of Olympic Steel is measured differently than its book value, which is the value of Olympic that is recorded on the company's balance sheet. Investors also form their own opinion of Olympic Steel's value that differs from its market value or its book value, called intrinsic value, which is Olympic Steel'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 Olympic Steel's market value can be influenced by many factors that don't directly affect Olympic Steel'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 Olympic Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olympic Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olympic Steel'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Olympic Steel Stock Z Score

Olympic Steel Company Z Score Analysis

Z Score

Sum Of

5 Factors

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 )

Olympic Z Score Driver Correlations

Olympic Steel Institutional Holders

Olympic Fundamentals

About Olympic Steel Fundamental Analysis

Also Currently Popular

Complementary Tools for Olympic Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY