Ashland Global Holdings Stock Z Score

ASH Stock

USD 78.31 0.34 0.44%

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 Ashland Global Piotroski F Score and Ashland Global Valuation analysis.

As of now, Ashland Global's Long Term Debt To Capitalization is decreasing as compared to previous years. The Ashland Global's current Total Debt To Capitalization is estimated to increase to 0.44, while Capital Surpluse is projected to decrease to under 115.4 M. As of now, Ashland Global's Gross Profit is decreasing as compared to previous years. The Ashland Global's current EBIT is estimated to increase to about 171.1 M, while Total Revenue is projected to decrease to under 2 B.

Ashland Global Holdings Company Z Score Analysis

Ashland Global'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 )

Ashland Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Long Term Debt	Good Will	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Accumulated Depreciation	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.77	0.9	0.46	0.67	0.97	0.83	0.71	0.87	0.2	0.47	0.85	0.96	0.92	-0.42	-0.56	-0.19	0.23	-0.14	0.63	-0.06	0.55	-0.55	0.5	0.09	0.16	0.25
Total Stockholder Equity	0.77		0.72	0.82	0.26	0.59	0.45	0.49	0.92	-0.27	0.79	0.41	0.85	0.66	-0.66	-0.14	-0.14	-0.06	-0.01	0.11	0.11	0.06	-0.03	0.16	-0.01	0.17	0.13
Net Debt	0.9	0.72		0.36	0.55	0.87	0.67	0.82	0.88	0.12	0.48	0.81	0.92	0.81	-0.53	-0.61	0.01	0.34	0.16	0.56	0.12	0.33	-0.42	0.49	-0.16	0.2	0.22
Retained Earnings	0.46	0.82	0.36		-0.01	0.26	0.31	0.23	0.65	-0.49	0.83	0.11	0.5	0.37	-0.53	0.2	-0.14	-0.24	-0.16	-0.19	-0.14	-0.07	0.21	-0.19	0.16	0.1	0.13
Net Receivables	0.67	0.26	0.55	-0.01		0.75	0.81	0.6	0.49	0.82	-0.24	0.81	0.58	0.77	0.17	-0.81	-0.2	0.41	-0.39	0.92	-0.38	0.8	-0.63	0.64	0.21	0.42	0.4
Total Liab	0.97	0.59	0.87	0.26	0.75		0.88	0.71	0.74	0.37	0.29	0.93	0.88	0.92	-0.27	-0.66	-0.18	0.32	-0.18	0.76	-0.12	0.67	-0.69	0.58	0.12	0.14	0.27
Total Current Assets	0.83	0.45	0.67	0.31	0.81	0.88		0.68	0.62	0.46	0.16	0.86	0.7	0.78	-0.11	-0.7	-0.16	0.38	-0.24	0.78	-0.22	0.81	-0.6	0.53	0.29	0.43	0.41
Short Term Debt	0.71	0.49	0.82	0.23	0.6	0.71	0.68		0.74	0.2	0.32	0.69	0.69	0.58	-0.38	-0.71	0.42	0.7	0.35	0.55	0.07	0.28	-0.15	0.36	-0.23	0.47	0.09
Intangible Assets	0.87	0.92	0.88	0.65	0.49	0.74	0.62	0.74		-0.03	0.65	0.61	0.91	0.77	-0.58	-0.4	0.0	0.21	0.07	0.35	0.07	0.22	-0.14	0.27	0.0	0.32	0.21
Accounts Payable	0.2	-0.27	0.12	-0.49	0.82	0.37	0.46	0.2	-0.03		-0.74	0.52	0.11	0.4	0.55	-0.69	-0.23	0.34	-0.42	0.83	-0.39	0.74	-0.63	0.56	0.2	0.31	0.39
Common Stock	0.47	0.79	0.48	0.83	-0.24	0.29	0.16	0.32	0.65	-0.74		0.09	0.54	0.27	-0.76	0.25	0.07	-0.17	0.22	-0.34	0.23	-0.31	0.26	-0.21	-0.09	-0.1	-0.13
Long Term Debt	0.85	0.41	0.81	0.11	0.81	0.93	0.86	0.69	0.61	0.52	0.09		0.78	0.84	-0.18	-0.82	-0.24	0.31	-0.19	0.89	-0.14	0.72	-0.75	0.7	0.1	0.23	0.36
Good Will	0.96	0.85	0.92	0.5	0.58	0.88	0.7	0.69	0.91	0.11	0.54	0.78		0.86	-0.55	-0.54	-0.21	0.14	-0.03	0.53	0.13	0.38	-0.44	0.55	-0.08	0.2	0.24
Property Plant Equipment	0.92	0.66	0.81	0.37	0.77	0.92	0.78	0.58	0.77	0.4	0.27	0.84	0.86		-0.16	-0.54	-0.28	0.2	-0.4	0.71	-0.32	0.64	-0.68	0.54	0.15	0.04	0.24
Short Term Investments	-0.42	-0.66	-0.53	-0.53	0.17	-0.27	-0.11	-0.38	-0.58	0.55	-0.76	-0.18	-0.55	-0.16		0.0	-0.01	0.13	-0.41	0.16	-0.49	0.36	-0.14	-0.03	0.39	-0.06	-0.01
Net Tangible Assets	-0.56	-0.14	-0.61	0.2	-0.81	-0.66	-0.7	-0.71	-0.4	-0.69	0.25	-0.82	-0.54	-0.54	0.0		0.01	-0.53	-0.09	-0.9	-0.07	-0.62	0.52	-0.76	0.09	-0.58	-0.39
Deferred Long Term Liab	-0.19	-0.14	0.01	-0.14	-0.2	-0.18	-0.16	0.42	0.0	-0.23	0.07	-0.24	-0.21	-0.28	-0.01	0.01		0.77	0.68	-0.23	0.17	-0.32	0.52	-0.34	-0.33	0.18	-0.57
Long Term Investments	0.23	-0.06	0.34	-0.24	0.41	0.32	0.38	0.7	0.21	0.34	-0.17	0.31	0.14	0.2	0.13	-0.53	0.77		0.41	0.41	-0.01	0.3	-0.04	0.17	-0.18	0.42	-0.26
Short Long Term Debt	-0.14	-0.01	0.16	-0.16	-0.39	-0.18	-0.24	0.35	0.07	-0.42	0.22	-0.19	-0.03	-0.4	-0.41	-0.09	0.68	0.41		-0.28	0.77	-0.51	0.5	-0.12	-0.54	0.28	-0.23
Long Term Debt Total	0.63	0.11	0.56	-0.19	0.92	0.76	0.78	0.55	0.35	0.83	-0.34	0.89	0.53	0.71	0.16	-0.9	-0.23	0.41	-0.28		-0.25	0.83	-0.78	0.74	0.16	0.35	0.42
Capital Surpluse	-0.06	0.11	0.12	-0.14	-0.38	-0.12	-0.22	0.07	0.07	-0.39	0.23	-0.14	0.13	-0.32	-0.49	-0.07	0.17	-0.01	0.77	-0.25		-0.38	0.28	0.19	-0.48	0.24	-0.14
Cash And Equivalents	0.55	0.06	0.33	-0.07	0.8	0.67	0.81	0.28	0.22	0.74	-0.31	0.72	0.38	0.64	0.36	-0.62	-0.32	0.3	-0.51	0.83	-0.38		-0.76	0.56	0.5	0.3	0.33
Accumulated Depreciation	-0.55	-0.03	-0.42	0.21	-0.63	-0.69	-0.6	-0.15	-0.14	-0.63	0.26	-0.75	-0.44	-0.68	-0.14	0.52	0.52	-0.04	0.5	-0.78	0.28	-0.76		-0.67	-0.14	0.19	-0.31
Net Invested Capital	0.5	0.16	0.49	-0.19	0.64	0.58	0.53	0.36	0.27	0.56	-0.21	0.7	0.55	0.54	-0.03	-0.76	-0.34	0.17	-0.12	0.74	0.19	0.56	-0.67		-0.22	0.3	0.26
Net Working Capital	0.09	-0.01	-0.16	0.16	0.21	0.12	0.29	-0.23	0.0	0.2	-0.09	0.1	-0.08	0.15	0.39	0.09	-0.33	-0.18	-0.54	0.16	-0.48	0.5	-0.14	-0.22		0.08	0.22
Capital Stock	0.16	0.17	0.2	0.1	0.42	0.14	0.43	0.47	0.32	0.31	-0.1	0.23	0.2	0.04	-0.06	-0.58	0.18	0.42	0.28	0.35	0.24	0.3	0.19	0.3	0.08		0.38
Current Deferred Revenue	0.25	0.13	0.22	0.13	0.4	0.27	0.41	0.09	0.21	0.39	-0.13	0.36	0.24	0.24	-0.01	-0.39	-0.57	-0.26	-0.23	0.42	-0.14	0.33	-0.31	0.26	0.22	0.38

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 Ashland Global

In accordance with the company's disclosures, Ashland Global Holdings has a Z Score of 0.0. This is 100.0% lower than that of the Chemicals sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.

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

Environmental

Governance

Social

Ashland Global Institutional Holders

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

		Shares
Cooperman Leon G	2024-09-30	1.1 M
Geode Capital Management, Llc	2024-09-30	827.6 K
1832 Asset Management L.p	2024-09-30	781.7 K
Deprince Race & Zollo Inc	2024-09-30	763.5 K
Morgan Stanley - Brokerage Accounts	2024-06-30	748.7 K
Charles Schwab Investment Management Inc	2024-09-30	676.3 K
Newport Trust Co.	2024-09-30	552.2 K
Bank Of New York Mellon Corp	2024-06-30	547.9 K
Hhg Plc	2024-06-30	543.5 K
Vanguard Group Inc	2024-09-30	4.9 M
Blackrock Inc	2024-06-30	4.5 M

Ashland Fundamentals

	Return On Equity	0.0667
	Return On Asset	0.0066
	Profit Margin	0.08 %
	Operating Margin	0.05 %
	Current Valuation	4.86 B
	Shares Outstanding	47.11 M
	Shares Owned By Insiders	0.67 %
	Shares Owned By Institutions	96.64 %
	Number Of Shares Shorted	1 M
	Price To Earning	34.63 X
	Price To Book	1.28 X
	Price To Sales	1.75 X
	Revenue	2.11 B
	Gross Profit	668 M
	EBITDA	360 M
	Net Income	169 M
	Cash And Equivalents	417 M
	Cash Per Share	11.93 X
	Total Debt	1.47 B
	Debt To Equity	0.43 %
	Current Ratio	3.20 X
	Book Value Per Share	58.53 X
	Cash Flow From Operations	462 M
	Short Ratio	2.39 X
	Earnings Per Share	3.95 X
	Price To Earnings To Growth	(1.36) X
	Target Price	95.7
	Number Of Employees	3.2 K
	Beta	0.88
	Market Capitalization	3.69 B
	Total Asset	5.64 B
	Retained Earnings	3.31 B
	Working Capital	705 M
	Current Asset	3.09 B
	Current Liabilities	1.44 B
	Annual Yield	0.02 %
	Five Year Return	1.34 %
	Net Asset	5.64 B
	Last Dividend Paid	1.58

About Ashland Global Fundamental Analysis

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

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

How To Invest In Ashland

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Is Ashland Stock a good investment?

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What is Ashland Global's Net Worth?

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Largest Specialty Chemicals Companies

View

Largest Basic Materials Companies

View

Check out Ashland Global Piotroski F Score and Ashland Global Valuation analysis.

You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Is Specialty Chemicals 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 Ashland Global. If investors know Ashland 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 Ashland Global 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

(0.88)

Dividend Share

1.58

Earnings Share

3.95

Revenue Per Share

42.26

Quarterly Revenue Growth

0.01

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

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Ashland Global Holdings Stock Z Score

Ashland Global Holdings 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 )

Ashland Z Score Driver Correlations

Ashland Global ESG Sustainability

Ashland Global Institutional Holders

Ashland Fundamentals

About Ashland Global Fundamental Analysis

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