First Internet Bancorp Stock Z Score

INBKZ Stock

USD 25.30 0.09 0.35%

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 First Internet Piotroski F Score and First Internet Valuation analysis.

At this time, First Internet's Capital Expenditures is fairly stable compared to the past year. Capital Expenditure Coverage Ratio is likely to rise to 2.29 in 2024, despite the fact that Change In Working Capital is likely to grow to (7.9 M). At this time, First Internet's Interest Expense is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 51.7 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 3.6 M in 2024.

First Internet Bancorp Company Z Score Analysis

First Internet'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 )

First Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for First Internet is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Z Score. Since First Internet'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 First Internet'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 First Internet'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	Common Stock	Good Will	Short Term Investments	Net Tangible Assets	Long Term Debt	Long Term Debt Total	Long Term Investments	Property Plant Equipment	Earning Assets	Current Deferred Revenue	Intangible Assets
Total Assets		0.99	0.69	0.94	0.89	0.35	1.0	0.54	0.93	0.86	-0.55	0.83	0.92	0.97	0.97	0.99	0.88	0.92	-0.31	0.7
Total Stockholder Equity	0.99		0.69	0.94	0.84	0.42	0.99	0.58	0.88	0.9	-0.45	0.86	0.94	0.96	0.96	0.98	0.87	0.93	-0.41	0.65
Net Debt	0.69	0.69		0.58	0.48	0.41	0.68	0.6	0.57	0.75	-0.07	0.69	0.74	0.6	0.6	0.71	0.41	0.69	-0.5	0.4
Retained Earnings	0.94	0.94	0.58		0.88	0.09	0.94	0.28	0.92	0.7	-0.62	0.67	0.83	0.95	0.95	0.91	0.96	0.85	-0.2	0.83
Accounts Payable	0.89	0.84	0.48	0.88		0.08	0.89	0.23	0.9	0.62	-0.64	0.6	0.76	0.88	0.88	0.86	0.8	0.81	-0.13	0.74
Net Receivables	0.35	0.42	0.41	0.09	0.08		0.35	0.88	0.09	0.71	0.33	0.74	0.5	0.31	0.31	0.43	0.03	0.47	-0.61	-0.28
Total Liab	1.0	0.99	0.68	0.94	0.89	0.35		0.54	0.93	0.86	-0.55	0.83	0.92	0.97	0.97	0.99	0.88	0.92	-0.31	0.7
Total Current Assets	0.54	0.58	0.6	0.28	0.23	0.88	0.54		0.38	0.81	0.04	0.8	0.62	0.43	0.43	0.6	0.18	0.55	-0.48	0.0
Short Term Debt	0.93	0.88	0.57	0.92	0.9	0.09	0.93	0.38		0.67	-0.76	0.65	0.78	0.89	0.89	0.91	0.86	0.78	-0.05	0.81
Common Stock	0.86	0.9	0.75	0.7	0.62	0.71	0.86	0.81	0.67		-0.1	0.93	0.93	0.8	0.8	0.89	0.6	0.9	-0.63	0.38
Good Will	-0.55	-0.45	-0.07	-0.62	-0.64	0.33	-0.55	0.04	-0.76	-0.1		-0.17	-0.22	-0.55	-0.55	-0.49	-0.62	-0.25	-0.51	-0.63
Short Term Investments	0.83	0.86	0.69	0.67	0.6	0.74	0.83	0.8	0.65	0.93	-0.17		0.88	0.82	0.82	0.86	0.59	0.87	-0.47	0.37
Net Tangible Assets	0.92	0.94	0.74	0.83	0.76	0.5	0.92	0.62	0.78	0.93	-0.22	0.88		0.89	0.89	0.93	0.77	0.99	-0.52	0.64
Long Term Debt	0.97	0.96	0.6	0.95	0.88	0.31	0.97	0.43	0.89	0.8	-0.55	0.82	0.89		1.0	0.96	0.92	0.92	-0.25	0.72
Long Term Debt Total	0.97	0.96	0.6	0.95	0.88	0.31	0.97	0.43	0.89	0.8	-0.55	0.82	0.89	1.0		0.96	0.92	0.92	-0.25	0.72
Long Term Investments	0.99	0.98	0.71	0.91	0.86	0.43	0.99	0.6	0.91	0.89	-0.49	0.86	0.93	0.96	0.96		0.84	0.93	-0.37	0.64
Property Plant Equipment	0.88	0.87	0.41	0.96	0.8	0.03	0.88	0.18	0.86	0.6	-0.62	0.59	0.77	0.92	0.92	0.84		0.8	-0.11	0.82
Earning Assets	0.92	0.93	0.69	0.85	0.81	0.47	0.92	0.55	0.78	0.9	-0.25	0.87	0.99	0.92	0.92	0.93	0.8		-0.47	0.66
Current Deferred Revenue	-0.31	-0.41	-0.5	-0.2	-0.13	-0.61	-0.31	-0.48	-0.05	-0.63	-0.51	-0.47	-0.52	-0.25	-0.25	-0.37	-0.11	-0.47		0.18
Intangible Assets	0.7	0.65	0.4	0.83	0.74	-0.28	0.7	0.0	0.81	0.38	-0.63	0.37	0.64	0.72	0.72	0.64	0.82	0.66	0.18

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.

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Predict First Internet

According to the company's disclosures, First Internet Bancorp has a Z Score of 0.0. This indicator is about the same for the Oil, Gas & Consumable Fuels average (which is currently at 0.0) sector and about the same as Energy (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).

First Internet Current Valuation Drivers

We derive many important indicators used in calculating different scores of First Internet from analyzing First Internet's financial statements. These drivers represent accounts that assess First Internet's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of First Internet's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	238.1M	282.8M	466.5M	231.4M	213.8M	112.8M
Enterprise Value	495.2M	457.5M	642.7M	694.3M	527.7M	554.0M

First Internet 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, First Internet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Internet's managers, analysts, and investors.

Environmental

Governance

Social

First Fundamentals

	Number Of Shares Shorted	4.57 K
	Revenue	84.38 M
	EBITDA	10.69 M
	Net Income	8.42 M
	Total Debt	719.77 M
	Cash Flow From Operations	11.68 M
	Number Of Employees	11
	Total Asset	5.17 B
	Retained Earnings	207.47 M
	Annual Yield	0.06 %
	Net Asset	5.17 B
	Last Dividend Paid	0.38

About First Internet Fundamental Analysis

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

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

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First Internet Bancorp Stock Z Score

First Internet Bancorp 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 )

First Z Score Driver Correlations

First Internet Current Valuation Drivers

First Internet ESG Sustainability

First Fundamentals

About First Internet Fundamental Analysis

Also Currently Popular

Additional Tools for First Stock Analysis

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