Columbus Mckinnon Stock Probability Of Bankruptcy
CMCO Stock | USD 18.58 0.20 1.06% |
Columbus | Probability Of Bankruptcy |
Columbus McKinnon Company odds of distress Analysis
Columbus McKinnon'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 Columbus McKinnon Probability Of Bankruptcy | Less than 1% |
Most of Columbus McKinnon'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, Columbus McKinnon is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Columbus McKinnon 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 Columbus McKinnon 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 Columbus McKinnon 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 Columbus McKinnon. If investors know Columbus 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 Columbus McKinnon 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 (0.59) | Dividend Share 0.28 | Earnings Share 0.32 | Revenue Per Share | Quarterly Revenue Growth (0.08) |
The market value of Columbus McKinnon is measured differently than its book value, which is the value of Columbus that is recorded on the company's balance sheet. Investors also form their own opinion of Columbus McKinnon's value that differs from its market value or its book value, called intrinsic value, which is Columbus McKinnon'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 Columbus McKinnon's market value can be influenced by many factors that don't directly affect Columbus McKinnon'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 Columbus McKinnon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbus McKinnon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbus McKinnon'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.
Columbus Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Columbus McKinnon is extremely important. It helps to project a fair market value of Columbus Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Columbus McKinnon'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 Columbus McKinnon'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 Columbus McKinnon'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, Columbus McKinnon has a Probability Of Bankruptcy of 1.0%. This is 97.65% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The probability of bankruptcy for all United States stocks is 97.49% higher than that of the company.
Columbus Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Columbus McKinnon'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 Columbus McKinnon could also be used in its relative valuation, which is a method of valuing Columbus McKinnon by comparing valuation metrics of similar companies.Columbus McKinnon is currently under evaluation in probability of bankruptcy category among its peers.
Columbus McKinnon Main Bankruptcy Drivers
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Return On Assets | 0.007915 | 0.0176 | 0.0285 | 0.0255 | 0.023 | 0.0123 | |
Asset Turnover | 0.83 | 0.74 | 0.56 | 0.54 | 0.55 | 0.64 | |
Net Debt | 46.8M | 395.8M | 392.9M | 485.5M | 436.9M | 458.8M | |
Total Current Liabilities | 183.9M | 249.6M | 241.7M | 261.8M | 301.0M | 316.1M | |
Non Current Liabilities Total | 436.4M | 663.3M | 623.0M | 682.1M | 784.4M | 392.8M | |
Total Assets | 1.2B | 1.7B | 1.7B | 1.8B | 2.1B | 2.2B | |
Total Current Assets | 441.8M | 466.6M | 496.2M | 514.2M | 591.3M | 327.5M | |
Total Cash From Operating Activities | 98.9M | 48.9M | 83.6M | 67.2M | 77.3M | 51.8M |
Columbus McKinnon 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, Columbus McKinnon's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Columbus McKinnon's managers, analysts, and investors.Environmental | Governance | Social |
Columbus Fundamentals
Return On Equity | 0.0107 | ||||
Return On Asset | 0.0259 | ||||
Profit Margin | 0.01 % | ||||
Operating Margin | 0.11 % | ||||
Current Valuation | 976.19 M | ||||
Shares Outstanding | 28.61 M | ||||
Shares Owned By Insiders | 2.30 % | ||||
Shares Owned By Institutions | 97.70 % | ||||
Number Of Shares Shorted | 519.42 K | ||||
Price To Earning | 85.88 X | ||||
Price To Book | 0.61 X | ||||
Price To Sales | 0.54 X | ||||
Revenue | 1.01 B | ||||
Gross Profit | 355.94 M | ||||
EBITDA | 145.43 M | ||||
Net Income | 46.62 M | ||||
Cash And Equivalents | 88.86 M | ||||
Cash Per Share | 3.11 X | ||||
Total Debt | 599.62 M | ||||
Debt To Equity | 0.63 % | ||||
Current Ratio | 2.07 X | ||||
Book Value Per Share | 30.81 X | ||||
Cash Flow From Operations | 67.2 M | ||||
Short Ratio | 0.79 X | ||||
Earnings Per Share | 0.32 X | ||||
Price To Earnings To Growth | 0.46 X | ||||
Target Price | 32.75 | ||||
Number Of Employees | 3.52 K | ||||
Beta | 1.31 | ||||
Market Capitalization | 531.62 M | ||||
Total Asset | 1.83 B | ||||
Retained Earnings | 395.33 M | ||||
Working Capital | 252.39 M | ||||
Current Asset | 272.73 M | ||||
Current Liabilities | 132.52 M | ||||
Annual Yield | 0.02 % | ||||
Five Year Return | 0.58 % | ||||
Net Asset | 1.83 B | ||||
Last Dividend Paid | 0.28 |
About Columbus McKinnon Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Columbus McKinnon's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Columbus McKinnon using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Columbus McKinnon 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 Columbus McKinnon
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 Columbus McKinnon 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 Columbus McKinnon will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbus Stock
Moving against Columbus Stock
0.65 | DE | Deere Company | PairCorr |
0.58 | TWI | Titan International | PairCorr |
0.55 | CNH | CNH Industrial NV Symbol Change | PairCorr |
0.52 | MTW | Manitowoc | PairCorr |
0.51 | CEADW | CEA Industries Warrant | PairCorr |
The ability to find closely correlated positions to Columbus McKinnon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Columbus McKinnon 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 Columbus McKinnon - 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 Columbus McKinnon to buy it.
The correlation of Columbus McKinnon 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 Columbus McKinnon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbus McKinnon 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 Columbus McKinnon 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 Columbus McKinnon Piotroski F Score and Columbus McKinnon Altman Z Score analysis. To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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 Columbus McKinnon. If investors know Columbus 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 Columbus McKinnon 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 (0.59) | Dividend Share 0.28 | Earnings Share 0.32 | Revenue Per Share | Quarterly Revenue Growth (0.08) |
The market value of Columbus McKinnon is measured differently than its book value, which is the value of Columbus that is recorded on the company's balance sheet. Investors also form their own opinion of Columbus McKinnon's value that differs from its market value or its book value, called intrinsic value, which is Columbus McKinnon'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 Columbus McKinnon's market value can be influenced by many factors that don't directly affect Columbus McKinnon'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 Columbus McKinnon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbus McKinnon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbus McKinnon'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.