Avery Dennison Corp Stock Z Score

AVY Stock  USD 205.95  0.80  0.39%   
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 Avery Dennison Piotroski F Score and Avery Dennison Valuation analysis.
  
Net Working Capital is likely to rise to about 161.4 M in 2024, whereas Capital Surpluse is likely to drop slightly above 920.9 M in 2024. At this time, Avery Dennison's Interest Expense is fairly stable compared to the past year. Operating Income is likely to rise to about 1 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 178.7 M in 2024.

Avery Dennison Corp Company Z Score Analysis

Avery Dennison'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 )

Avery Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Avery Dennison is extremely important. It helps to project a fair market value of Avery Stock properly, considering its historical fundamentals such as Z Score. Since Avery Dennison'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 Avery Dennison'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 Avery Dennison's interrelated accounts and indicators.
0.890.760.760.940.830.940.460.60.96-0.050.83-0.610.73-0.650.84-0.630.790.790.630.57-0.25-0.260.74-0.4-0.05
0.890.670.660.740.740.840.480.640.76-0.160.68-0.330.64-0.60.76-0.450.550.660.470.38-0.12-0.440.71-0.41-0.16
0.760.670.970.660.960.590.720.920.69-0.590.84-0.810.68-0.710.88-0.890.770.850.810.69-0.66-0.40.92-0.52-0.59
0.760.660.970.720.970.630.730.840.73-0.610.76-0.790.55-0.710.81-0.80.810.770.860.7-0.65-0.340.85-0.48-0.61
0.940.740.660.720.790.950.360.420.990.030.73-0.640.59-0.620.69-0.570.850.680.620.53-0.27-0.020.56-0.280.03
0.830.740.960.970.790.740.70.810.79-0.520.76-0.730.57-0.720.8-0.790.810.750.790.63-0.59-0.320.82-0.45-0.52
0.940.840.590.630.950.740.370.370.930.080.64-0.440.56-0.620.63-0.420.710.580.490.42-0.18-0.060.5-0.260.08
0.460.480.720.730.360.70.370.710.36-0.690.34-0.410.27-0.60.57-0.510.450.380.710.77-0.45-0.510.63-0.64-0.69
0.60.640.920.840.420.810.370.710.48-0.670.76-0.630.63-0.540.88-0.840.550.790.70.6-0.54-0.670.95-0.59-0.67
0.960.760.690.730.990.790.930.360.480.050.8-0.680.68-0.630.76-0.630.860.750.620.58-0.26-0.090.64-0.370.05
-0.05-0.16-0.59-0.610.03-0.520.08-0.69-0.670.05-0.170.270.030.31-0.30.4-0.21-0.25-0.62-0.320.660.44-0.480.291.0
0.830.680.840.760.730.760.640.340.760.8-0.17-0.840.9-0.590.94-0.850.790.990.680.56-0.47-0.250.89-0.38-0.17
-0.61-0.33-0.81-0.79-0.64-0.73-0.44-0.41-0.63-0.680.27-0.84-0.710.61-0.750.86-0.87-0.83-0.73-0.690.580.0-0.750.350.27
0.730.640.680.550.590.570.560.270.630.680.030.9-0.71-0.580.85-0.670.620.890.450.52-0.25-0.140.79-0.380.03
-0.65-0.6-0.71-0.71-0.62-0.72-0.62-0.6-0.54-0.630.31-0.590.61-0.58-0.590.54-0.64-0.58-0.57-0.650.510.02-0.590.280.31
0.840.760.880.810.690.80.630.570.880.76-0.30.94-0.750.85-0.59-0.850.730.950.730.69-0.39-0.520.96-0.56-0.3
-0.63-0.45-0.89-0.8-0.57-0.79-0.42-0.51-0.84-0.630.4-0.850.86-0.670.54-0.85-0.73-0.86-0.69-0.650.590.41-0.860.470.4
0.790.550.770.810.850.810.710.450.550.86-0.210.79-0.870.62-0.640.73-0.730.770.780.6-0.480.010.69-0.29-0.21
0.790.660.850.770.680.750.580.380.790.75-0.250.99-0.830.89-0.580.95-0.860.770.720.58-0.5-0.30.92-0.4-0.25
0.630.470.810.860.620.790.490.710.70.62-0.620.68-0.730.45-0.570.73-0.690.780.720.75-0.66-0.280.74-0.44-0.62
0.570.380.690.70.530.630.420.770.60.58-0.320.56-0.690.52-0.650.69-0.650.60.580.75-0.37-0.30.66-0.68-0.32
-0.25-0.12-0.66-0.65-0.27-0.59-0.18-0.45-0.54-0.260.66-0.470.58-0.250.51-0.390.59-0.48-0.5-0.66-0.370.05-0.480.180.66
-0.26-0.44-0.4-0.34-0.02-0.32-0.06-0.51-0.67-0.090.44-0.250.0-0.140.02-0.520.410.01-0.3-0.28-0.30.05-0.560.530.44
0.740.710.920.850.560.820.50.630.950.64-0.480.89-0.750.79-0.590.96-0.860.690.920.740.66-0.48-0.56-0.58-0.48
-0.4-0.41-0.52-0.48-0.28-0.45-0.26-0.64-0.59-0.370.29-0.380.35-0.380.28-0.560.47-0.29-0.4-0.44-0.680.180.53-0.580.29
-0.05-0.16-0.59-0.610.03-0.520.08-0.69-0.670.051.0-0.170.270.030.31-0.30.4-0.21-0.25-0.62-0.320.660.44-0.480.29
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

In accordance with the company's disclosures, Avery Dennison Corp has a Z Score of 0.0. This is 100.0% lower than that of the Containers & Packaging sector and about the same as Materials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

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

Avery Dennison Institutional Holders

Institutional Holdings refers to the ownership stake in Avery Dennison that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Avery Dennison'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 Avery Dennison's value.
Shares
Fiduciary Management, Inc. Of Milwaukee2024-09-30
1.4 M
T. Rowe Price Associates, Inc.2024-06-30
1.2 M
Norges Bank2024-06-30
985.3 K
Northern Trust Corp2024-09-30
937.8 K
Fmr Inc2024-09-30
921.5 K
Boston Partners Global Investors, Inc2024-09-30
860.3 K
Dimensional Fund Advisors, Inc.2024-09-30
817.5 K
Veritas Investment Partners (uk) Ltd.2024-09-30
794.1 K
Bank Of America Corp2024-06-30
752.9 K
Vanguard Group Inc2024-09-30
9.6 M
Blackrock Inc2024-06-30
7.1 M

Avery Fundamentals

About Avery Dennison Fundamental Analysis

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Avery Stock Analysis

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