Planet Green Holdings Stock Z Score

PLAG Stock  USD 2.62  0.03  1.13%   
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 Planet Green Piotroski F Score and Planet Green Valuation analysis.
  
At this time, Planet Green's Long Term Debt To Capitalization is most likely to slightly decrease in the upcoming years. At this time, Planet Green's Discontinued Operations is most likely to increase significantly in the upcoming years. The Planet Green's current Extraordinary Items is estimated to increase to about 10.6 M, while Other Operating Expenses is projected to decrease to roughly 34.1 M.

Planet Green Holdings Company Z Score Analysis

Planet Green'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 )

Planet Z Score Driver Correlations

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

Based on the company's disclosures, Planet Green Holdings has a Z Score of 0.0. This is 100.0% lower than that of the Food Products sector and 100.0% lower than that of the Consumer Staples industry. The z score for all United States stocks is 100.0% higher than that of the company.

Planet Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Planet Green's 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 Planet Green could also be used in its relative valuation, which is a method of valuing Planet Green by comparing valuation metrics of similar companies.
Planet Green is currently under evaluation in z score category among its peers.

Planet Green Current Valuation Drivers

We derive many important indicators used in calculating different scores of Planet Green from analyzing Planet Green's financial statements. These drivers represent accounts that assess Planet Green's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Planet Green's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap18.9M22.6M25.3M36.9M35.2M33.5M
Enterprise Value12.0M19.2M31.8M40.7M38.6M36.7M

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

Planet Fundamentals

About Planet Green Fundamental Analysis

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

Currently Active Assets on Macroaxis

When determining whether Planet Green Holdings is a strong investment it is important to analyze Planet Green'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 Planet Green's future performance. For an informed investment choice regarding Planet Stock, refer to the following important reports:
Check out Planet Green Piotroski F Score and Planet Green Valuation analysis.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Packaged Foods & Meats 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 Planet Green. If investors know Planet 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 Planet Green listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.47)
Revenue Per Share
2.426
Quarterly Revenue Growth
(0.57)
Return On Assets
(0.12)
Return On Equity
(0.49)
The market value of Planet Green Holdings is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Green's value that differs from its market value or its book value, called intrinsic value, which is Planet Green'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 Planet Green's market value can be influenced by many factors that don't directly affect Planet Green'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 Planet Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Green'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.