Ormat Technologies Stock Z Score

ORA Stock

USD 81.62 0.03 0.04%

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 Ormat Technologies Piotroski F Score and Ormat Technologies Valuation analysis.

For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.

At present, Ormat Technologies' Additional Paid In Capital is projected to increase significantly based on the last few years of reporting. The current year's Net Working Capital is expected to grow to about 156.9 M, whereas Capital Surpluse is forecasted to decline to about 1 B. At present, Ormat Technologies' Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 174.9 M, whereas Interest Expense is forecasted to decline to about 56.4 M.

Ormat Technologies Company Z Score Analysis

Ormat 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

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 )

Ormat Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Current Deferred Revenue	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Treasury Stock	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.77	0.93	0.34	0.8	0.87	-0.24	0.83	0.71	0.77	0.92	0.85	0.83	0.54	-0.55	0.73	0.78	0.6	0.83	-0.31	0.93	0.23	0.69	-0.15	0.89	0.39	0.88
Total Stockholder Equity	0.99		0.71	0.95	0.37	0.76	0.89	-0.23	0.79	0.74	0.75	0.9	0.85	0.78	0.48	-0.51	0.78	0.81	0.56	0.84	-0.36	0.94	0.27	0.67	-0.14	0.88	0.44	0.87
Net Debt	0.77	0.71		0.66	0.41	0.63	0.61	-0.04	0.94	0.64	0.66	0.8	0.82	0.69	0.65	-0.58	0.59	0.52	0.65	0.79	-0.23	0.71	0.3	0.73	-0.32	0.8	0.15	0.57
Retained Earnings	0.93	0.95	0.66		0.29	0.62	0.87	-0.25	0.73	0.7	0.8	0.94	0.75	0.7	0.5	-0.39	0.85	0.85	0.46	0.86	-0.5	0.98	0.34	0.74	-0.22	0.89	0.44	0.83
Accounts Payable	0.34	0.37	0.41	0.29		0.2	0.57	0.29	0.38	0.29	0.24	0.18	0.57	0.38	-0.17	-0.53	0.2	0.44	0.15	0.2	-0.55	0.23	0.15	0.29	-0.6	0.11	-0.12	0.04
Long Term Debt	0.8	0.76	0.63	0.62	0.2		0.57	-0.48	0.68	0.39	0.47	0.64	0.63	0.8	0.6	-0.47	0.44	0.46	0.87	0.62	0.14	0.63	0.02	0.38	-0.09	0.73	0.15	0.78
Net Receivables	0.87	0.89	0.61	0.87	0.57	0.57		-0.08	0.63	0.63	0.7	0.77	0.73	0.69	0.22	-0.44	0.68	0.79	0.35	0.68	-0.61	0.86	0.43	0.6	-0.31	0.71	0.37	0.73
Short Term Investments	-0.24	-0.23	-0.04	-0.25	0.29	-0.48	-0.08		-0.08	0.17	-0.21	-0.26	0.05	-0.45	-0.6	-0.28	-0.13	-0.12	-0.47	-0.24	-0.27	-0.24	0.04	-0.13	0.19	-0.39	0.24	-0.48
Total Liab	0.83	0.79	0.94	0.73	0.38	0.68	0.63	-0.08		0.79	0.62	0.8	0.91	0.67	0.64	-0.69	0.7	0.63	0.71	0.86	-0.18	0.74	0.12	0.71	-0.17	0.83	0.29	0.63
Total Current Assets	0.71	0.74	0.64	0.7	0.29	0.39	0.63	0.17	0.79		0.44	0.65	0.87	0.29	0.25	-0.53	0.84	0.64	0.41	0.84	-0.32	0.71	0.26	0.51	0.23	0.67	0.67	0.56
Short Term Debt	0.77	0.75	0.66	0.8	0.24	0.47	0.7	-0.21	0.62	0.44		0.89	0.53	0.76	0.62	-0.27	0.52	0.63	0.35	0.66	-0.43	0.81	0.33	0.95	-0.34	0.78	0.03	0.7
Intangible Assets	0.92	0.9	0.8	0.94	0.18	0.64	0.77	-0.26	0.8	0.65	0.89		0.72	0.76	0.68	-0.4	0.76	0.76	0.51	0.86	-0.38	0.95	0.31	0.85	-0.22	0.93	0.33	0.83
Common Stock	0.85	0.85	0.82	0.75	0.57	0.63	0.73	0.05	0.91	0.87	0.53	0.72		0.61	0.35	-0.73	0.74	0.71	0.57	0.81	-0.33	0.74	0.2	0.59	-0.14	0.71	0.38	0.58
Property Plant Equipment	0.83	0.78	0.69	0.7	0.38	0.8	0.69	-0.45	0.67	0.29	0.76	0.76	0.61		0.61	-0.43	0.33	0.55	0.6	0.55	-0.21	0.69	0.1	0.68	-0.49	0.72	-0.16	0.71
Good Will	0.54	0.48	0.65	0.5	-0.17	0.6	0.22	-0.6	0.64	0.25	0.62	0.68	0.35	0.61		-0.08	0.44	0.26	0.72	0.67	0.24	0.54	0.04	0.65	-0.16	0.79	-0.02	0.67
Current Deferred Revenue	-0.55	-0.51	-0.58	-0.39	-0.53	-0.47	-0.44	-0.28	-0.69	-0.53	-0.27	-0.4	-0.73	-0.43	-0.08		-0.28	-0.47	-0.36	-0.34	0.17	-0.34	0.18	-0.34	0.12	-0.3	-0.19	-0.17
Net Tangible Assets	0.73	0.78	0.59	0.85	0.2	0.44	0.68	-0.13	0.7	0.84	0.52	0.76	0.74	0.33	0.44	-0.28		0.71	0.47	0.93	-0.36	0.84	0.39	0.55	0.04	0.81	0.67	0.71
Total Permanent Equity	0.78	0.81	0.52	0.85	0.44	0.46	0.79	-0.12	0.63	0.64	0.63	0.76	0.71	0.55	0.26	-0.47	0.71		0.29	0.67	-0.61	0.78	0.04	0.61	-0.29	0.65	0.35	0.59
Long Term Debt Total	0.6	0.56	0.65	0.46	0.15	0.87	0.35	-0.47	0.71	0.41	0.35	0.51	0.57	0.6	0.72	-0.36	0.47	0.29		0.67	0.28	0.48	0.01	0.38	-0.06	0.7	0.08	0.63
Capital Surpluse	0.83	0.84	0.79	0.86	0.2	0.62	0.68	-0.24	0.86	0.84	0.66	0.86	0.81	0.55	0.67	-0.34	0.93	0.67	0.67		-0.22	0.88	0.35	0.69	-0.02	0.94	0.51	0.81
Deferred Long Term Liab	-0.31	-0.36	-0.23	-0.5	-0.55	0.14	-0.61	-0.27	-0.18	-0.32	-0.43	-0.38	-0.33	-0.21	0.24	0.17	-0.36	-0.61	0.28	-0.22		-0.48	-0.4	-0.44	0.52	-0.16	-0.06	-0.04
Long Term Investments	0.93	0.94	0.71	0.98	0.23	0.63	0.86	-0.24	0.74	0.71	0.81	0.95	0.74	0.69	0.54	-0.34	0.84	0.78	0.48	0.88	-0.48		0.4	0.74	-0.16	0.92	0.46	0.85
Treasury Stock	0.23	0.27	0.3	0.34	0.15	0.02	0.43	0.04	0.12	0.26	0.33	0.31	0.2	0.1	0.04	0.18	0.39	0.04	0.01	0.35	-0.4	0.4		0.27	-0.14	0.28	0.17	0.23
Short Long Term Debt	0.69	0.67	0.73	0.74	0.29	0.38	0.6	-0.13	0.71	0.51	0.95	0.85	0.59	0.68	0.65	-0.34	0.55	0.61	0.38	0.69	-0.44	0.74	0.27		-0.38	0.76	-0.02	0.57
Cash And Equivalents	-0.15	-0.14	-0.32	-0.22	-0.6	-0.09	-0.31	0.19	-0.17	0.23	-0.34	-0.22	-0.14	-0.49	-0.16	0.12	0.04	-0.29	-0.06	-0.02	0.52	-0.16	-0.14	-0.38		-0.1	0.6	0.05
Net Invested Capital	0.89	0.88	0.8	0.89	0.11	0.73	0.71	-0.39	0.83	0.67	0.78	0.93	0.71	0.72	0.79	-0.3	0.81	0.65	0.7	0.94	-0.16	0.92	0.28	0.76	-0.1		0.39	0.92
Net Working Capital	0.39	0.44	0.15	0.44	-0.12	0.15	0.37	0.24	0.29	0.67	0.03	0.33	0.38	-0.16	-0.02	-0.19	0.67	0.35	0.08	0.51	-0.06	0.46	0.17	-0.02	0.6	0.39		0.45
Capital Stock	0.88	0.87	0.57	0.83	0.04	0.78	0.73	-0.48	0.63	0.56	0.7	0.83	0.58	0.71	0.67	-0.17	0.71	0.59	0.63	0.81	-0.04	0.85	0.23	0.57	0.05	0.92	0.45

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 Ormat Technologies

Based on the company's disclosures, Ormat Technologies has a Z Score of 0.0. This is 100.0% lower than that of the Independent Power and Renewable Electricity Producers sector and about the same as Utilities (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Ormat Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ormat 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 Ormat Technologies could also be used in its relative valuation, which is a method of valuing Ormat Technologies by comparing valuation metrics of similar companies.

Ormat Technologies is currently under evaluation in z score category among its peers.

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

Environmental

Governance

Social

Ormat Technologies Institutional Holders

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

		Shares
Geode Capital Management, Llc	2024-09-30	1.3 M
Goldman Sachs Group Inc	2024-06-30	1 M
Schroder Investment Management Group	2024-06-30	867.6 K
Northern Trust Corp	2024-09-30	768.6 K
Morgan Stanley - Brokerage Accounts	2024-06-30	701.7 K
Charles Schwab Investment Management Inc	2024-09-30	579.2 K
Bank Of New York Mellon Corp	2024-06-30	560 K
Migdal Insurance & Financial Holdings Ltd	2024-06-30	551.5 K
Ubs Group Ag	2024-06-30	513 K
Blackrock Inc	2024-06-30	8.4 M
Orix Corp	2024-09-30	6.7 M

Ormat Fundamentals

	Return On Equity	0.0516
	Return On Asset	0.0212
	Profit Margin	0.13 %
	Operating Margin	0.14 %
	Current Valuation	7.27 B
	Shares Outstanding	60.48 M
	Shares Owned By Insiders	0.44 %
	Shares Owned By Institutions	96.76 %
	Number Of Shares Shorted	3.39 M
	Price To Earning	54.81 X
	Price To Book	2.07 X
	Price To Sales	5.54 X
	Revenue	829.42 M
	Gross Profit	268.82 M
	EBITDA	468.93 M
	Net Income	124.4 M
	Cash And Equivalents	95.87 M
	Cash Per Share	4.71 X
	Total Debt	2.12 B
	Debt To Equity	1.05 %
	Current Ratio	1.66 X
	Book Value Per Share	39.50 X
	Cash Flow From Operations	309.4 M
	Short Ratio	7.48 X
	Earnings Per Share	1.96 X
	Price To Earnings To Growth	3.55 X
	Target Price	86.14
	Number Of Employees	1.58 K
	Beta	0.53
	Market Capitalization	4.94 B
	Total Asset	5.21 B
	Retained Earnings	719.89 M
	Working Capital	108.99 M
	Current Asset	375.14 M
	Current Liabilities	188.5 M
	Annual Yield	0.01 %
	Five Year Return	0.68 %
	Net Asset	5.21 B
	Last Dividend Paid	0.48

About Ormat Technologies Fundamental Analysis

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

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When determining whether Ormat Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ormat 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 Ormat Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ormat Technologies Stock:

How To Invest In Ormat

Details

Is Ormat Stock a good investment?

Details

What is Ormat Technologies' Net Worth?

Details

Largest Independent Power and Renewable Electricity Producers Companies

View

Largest Utilities - Renewable Companies

View

Check out Ormat Technologies Piotroski F Score and Ormat Technologies Valuation analysis.

For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.

You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Is Independent Power and Renewable Electricity Producers space 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 Ormat Technologies. If investors know Ormat 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 Ormat 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

(0.39)

Dividend Share

0.48

Earnings Share

1.96

Revenue Per Share

14.733

Quarterly Revenue Growth

0.018

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

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Ormat Technologies Stock Z Score

Ormat Technologies 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 )

Ormat Z Score Driver Correlations

Ormat Z Score Peer Comparison

Ormat Technologies ESG Sustainability

Ormat Technologies Institutional Holders

Ormat Fundamentals

About Ormat Technologies Fundamental Analysis

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