Albany International Stock Probability Of Bankruptcy
| AIN Stock | USD 72.83 1.98 2.79% |
Albany | Probability Of Bankruptcy |
Albany International Company odds of distress Analysis
Albany International's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Albany International Probability Of Bankruptcy | Less than 6% |
Most of Albany International's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Albany International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Albany International probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Albany International odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Albany International financial health.
Is Industrial Machinery & Supplies & Components 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 Albany International. If investors know Albany 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 Albany International 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 (0.42) | Dividend Share 1.05 | Earnings Share 2.8 | Revenue Per Share | Quarterly Revenue Growth (0.11) |
The market value of Albany International is measured differently than its book value, which is the value of Albany that is recorded on the company's balance sheet. Investors also form their own opinion of Albany International's value that differs from its market value or its book value, called intrinsic value, which is Albany International'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 Albany International's market value can be influenced by many factors that don't directly affect Albany International'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 Albany International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Albany International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albany International'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.
Albany Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Albany International is extremely important. It helps to project a fair market value of Albany Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Albany International'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 Albany International'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 Albany International's interrelated accounts and indicators.
Click cells to compare fundamentals
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Albany International has a Probability Of Bankruptcy of 6.0%. This is 85.5% lower than that of the Machinery sector and 91.23% lower than that of the Industrials industry. The probability of bankruptcy for all United States stocks is 84.94% higher than that of the company.
Albany Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Albany International's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Albany International could also be used in its relative valuation, which is a method of valuing Albany International by comparing valuation metrics of similar companies.Albany International is currently under evaluation in probability of bankruptcy category among its peers.
Albany International Main Bankruptcy Drivers
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Return On Assets | 0.0636 | 0.0761 | 0.0583 | 0.0606 | 0.0531 | 0.0309 | |
| Asset Turnover | 0.71 | 0.58 | 0.6 | 0.63 | 0.75 | 0.85 | |
| Net Debt | 156.7M | 48.0M | 153.2M | 341.4M | 271.9M | 194.2M | |
| Total Current Liabilities | 190.9M | 208.2M | 211.3M | 248.7M | 226.4M | 183.0M | |
| Non Current Liabilities Total | 539.2M | 470.3M | 563.4M | 619.0M | 473.4M | 497.2M | |
| Total Assets | 1.5B | 1.6B | 1.6B | 1.8B | 1.6B | 1.2B | |
| Total Current Assets | 717.3M | 758.8M | 838.4M | 878.0M | 730.7M | 501.0M | |
| Total Cash From Operating Activities | 140.3M | 217.5M | 128.2M | 148.1M | 218.4M | 229.4M |
Albany International 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, Albany International's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Albany International's managers, analysts, and investors.Environmental | Governance | Social |
Albany Fundamentals
| Return On Equity | 0.0919 | ||||
| Return On Asset | 0.0517 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 2.52 B | ||||
| Shares Outstanding | 30.9 M | ||||
| Shares Owned By Insiders | 1.03 % | ||||
| Shares Owned By Institutions | 98.97 % | ||||
| Number Of Shares Shorted | 457.13 K | ||||
| Price To Earning | 28.37 X | ||||
| Price To Book | 2.39 X | ||||
| Price To Sales | 1.83 X | ||||
| Revenue | 1.23 B | ||||
| Gross Profit | 403.48 M | ||||
| EBITDA | 131.36 M | ||||
| Net Income | 88.06 M | ||||
| Cash And Equivalents | 291.78 M | ||||
| Cash Per Share | 8.89 X | ||||
| Total Debt | 387.2 M | ||||
| Debt To Equity | 0.55 % | ||||
| Current Ratio | 4.27 X | ||||
| Book Value Per Share | 30.36 X | ||||
| Cash Flow From Operations | 218.44 M | ||||
| Short Ratio | 2.88 X | ||||
| Earnings Per Share | 2.80 X | ||||
| Price To Earnings To Growth | 2.00 X | ||||
| Target Price | 82.5 | ||||
| Number Of Employees | 5.4 K | ||||
| Beta | 1.38 | ||||
| Market Capitalization | 2.25 B | ||||
| Total Asset | 1.65 B | ||||
| Retained Earnings | 1.07 B | ||||
| Working Capital | 504.33 M | ||||
| Current Asset | 452.06 M | ||||
| Current Liabilities | 126.23 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.05 % | ||||
| Net Asset | 1.65 B | ||||
| Last Dividend Paid | 1.05 |
About Albany International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Albany International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Albany International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Albany International 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.
Pair Trading with Albany International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Albany International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Albany International will appreciate offsetting losses from the drop in the long position's value.Moving together with Albany Stock
Moving against Albany Stock
| 0.66 | EFOI | Energy Focu | PairCorr |
| 0.52 | DRVN | Driven Brands Holdings | PairCorr |
| 0.41 | CCK | Crown Holdings | PairCorr |
| 0.34 | OI | O I Glass | PairCorr |
The ability to find closely correlated positions to Albany International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Albany International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Albany International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Albany International to buy it.
The correlation of Albany International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Albany International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Albany International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Albany International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Albany International Piotroski F Score and Albany International Altman Z Score analysis. To learn how to invest in Albany Stock, please use our How to Invest in Albany International guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Industrial Machinery & Supplies & Components 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 Albany International. If investors know Albany 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 Albany International 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 (0.42) | Dividend Share 1.05 | Earnings Share 2.8 | Revenue Per Share | Quarterly Revenue Growth (0.11) |
The market value of Albany International is measured differently than its book value, which is the value of Albany that is recorded on the company's balance sheet. Investors also form their own opinion of Albany International's value that differs from its market value or its book value, called intrinsic value, which is Albany International'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 Albany International's market value can be influenced by many factors that don't directly affect Albany International'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 Albany International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Albany International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albany International'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.