| CIG-C Stock | | | USD 2.48 0.04 1.59% |
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
Energy Of Piotroski F Score and
Energy Of Valuation analysis.
At present, Energy Of's
Change In Working Capital is projected to increase significantly based on the last few years of reporting. The current year's
Long Term Debt To Capitalization is expected to grow to 0.28, whereas
Net Invested Capital is forecasted to decline to about 34.4
B. At present, Energy Of's
Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's
Total Revenue is expected to grow to about 38.7
B, whereas
Depreciation And Amortization is forecasted to decline to about 938.7
M.
Energy of Minas Company Z Score Analysis
Energy Of'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..
| 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 ) |
|
Energy Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Energy Of is extremely important. It helps to project a fair market value of Energy Stock properly, considering its historical
fundamentals such as Z Score. Since Energy Of'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 Energy Of'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 Energy Of's interrelated accounts and indicators.
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.
In accordance with the company's disclosures, Energy of Minas has a Z Score of 0.0. This is 100.0% lower than that of the Electric Utilities 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.
Energy Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Energy Of'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 Energy Of could also be used in its relative valuation, which is a method of valuing Energy Of by comparing valuation metrics of similar companies.
Energy Of is currently under evaluation in z score category among its peers.
Energy Of Current Valuation Drivers
We derive many important indicators used in calculating different scores of Energy Of from analyzing Energy Of's financial statements. These drivers represent accounts that assess Energy Of's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Energy Of's important valuation drivers and their relationship over time.
Energy Fundamentals
About Energy Of Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Energy of Minas's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Energy Of using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Energy of Minas 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.
Other Information on Investing in Energy Stock
Energy Of financial ratios help investors to determine whether Energy Stock is cheap or expensive when compared to a particular measure, such as profits or
enterprise value. In other words, they help investors to determine the cost of investment in Energy with respect to the benefits of owning Energy Of security.