| ALB-PA Stock | | | 49.86 1.52 3.14% |
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
Albemarle Piotroski F Score and
Albemarle Valuation analysis.
The current year's
Capital Stock is expected to grow to about 1.3
M, whereas
Capital Lease Obligations is forecasted to decline to about 91.3
M. At present, Albemarle's
Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's
Total Other Income Expense Net is expected to grow to about 191.2
M, whereas
Tax Provision is forecasted to decline to about 248.8
M.
Albemarle Company Z Score Analysis
Albemarle'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..
| 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 ) |
|
Albemarle Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Albemarle is extremely important. It helps to project a fair market value of Albemarle Stock properly, considering its historical
fundamentals such as Z Score. Since Albemarle'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 Albemarle'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 Albemarle's interrelated accounts and indicators.
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.
In accordance with the company's disclosures, Albemarle has a Z Score of 0.0. This is 100.0% lower than that of the Basic Materials sector and 100.0% lower than that of the
Specialty Chemicals industry. The z score for all United States stocks is 100.0% higher than that of the company.
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Albemarle Fundamentals
About Albemarle Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Albemarle's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Albemarle using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Albemarle 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.
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Albemarle financial ratios help investors to determine whether Albemarle Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Albemarle with respect to the benefits of owning Albemarle security.