Columbus Mckinnon Stock Z Score

CMCO Stock

USD 39.10 0.23 0.59%

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 Columbus McKinnon Piotroski F Score and Columbus McKinnon Valuation analysis.

To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.

At this time, Columbus McKinnon's Additional Paid In Capital is very stable compared to the past year. As of the 28th of November 2024, Capital Lease Obligations is likely to grow to about 72.9 M, while Capital Surpluse is likely to drop about 311.7 M. At this time, Columbus McKinnon's Interest Expense is very stable compared to the past year. As of the 28th of November 2024, Net Income is likely to grow to about 49 M, while Depreciation And Amortization is likely to drop about 23.8 M.

Columbus McKinnon Company Z Score Analysis

Columbus McKinnon'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 )

Columbus Z Score 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 Z Score. 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.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Long Term Debt	Treasury Stock	Common Stock	Property Plant Equipment	Current Deferred Revenue	Good Will	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.91	0.94	0.83	0.89	0.86	0.8	0.74	0.96	0.6	0.32	0.87	0.4	0.14	-0.45	-0.78	0.87	0.86	0.84	0.82	-0.74	-0.6	0.79	0.78	0.86
Total Stockholder Equity	0.97		0.84	0.96	0.82	0.82	0.75	0.76	0.64	0.92	0.6	0.19	0.83	0.3	0.22	-0.34	-0.66	0.79	0.8	0.87	0.72	-0.62	-0.54	0.86	0.84	0.93
Net Debt	0.91	0.84		0.78	0.62	0.79	0.79	0.58	0.88	0.91	0.66	0.26	0.72	0.63	0.21	-0.33	-0.84	0.79	0.85	0.75	0.84	-0.62	-0.46	0.76	0.5	0.8
Retained Earnings	0.94	0.96	0.78		0.78	0.81	0.76	0.76	0.63	0.9	0.51	0.26	0.82	0.34	0.14	-0.39	-0.63	0.87	0.74	0.79	0.7	-0.75	-0.71	0.71	0.85	0.81
Accounts Payable	0.83	0.82	0.62	0.78		0.88	0.87	0.93	0.44	0.78	0.58	0.32	0.96	0.23	0.0	-0.45	-0.63	0.7	0.84	0.91	0.77	-0.62	-0.54	0.77	0.8	0.75
Net Receivables	0.89	0.82	0.79	0.81	0.88		0.94	0.92	0.68	0.85	0.53	0.47	0.96	0.42	-0.08	-0.58	-0.74	0.8	0.86	0.86	0.83	-0.75	-0.52	0.71	0.64	0.69
Total Liab	0.86	0.75	0.79	0.76	0.87	0.94		0.89	0.72	0.87	0.62	0.46	0.95	0.56	-0.02	-0.54	-0.85	0.85	0.92	0.83	0.94	-0.82	-0.6	0.64	0.59	0.61
Total Current Assets	0.8	0.76	0.58	0.76	0.93	0.92	0.89		0.45	0.71	0.39	0.56	0.96	0.22	-0.23	-0.67	-0.55	0.68	0.77	0.82	0.72	-0.67	-0.52	0.65	0.72	0.62
Short Term Debt	0.74	0.64	0.88	0.63	0.44	0.68	0.72	0.45		0.8	0.54	0.27	0.59	0.73	0.19	-0.3	-0.82	0.77	0.7	0.55	0.81	-0.68	-0.45	0.5	0.23	0.52
Intangible Assets	0.96	0.92	0.91	0.9	0.78	0.85	0.87	0.71	0.8		0.73	0.17	0.83	0.52	0.32	-0.28	-0.9	0.93	0.89	0.82	0.9	-0.81	-0.6	0.74	0.71	0.8
Long Term Debt	0.6	0.6	0.66	0.51	0.58	0.53	0.62	0.39	0.54	0.73		-0.36	0.58	0.59	0.71	0.29	-0.75	0.56	0.85	0.78	0.78	-0.43	-0.22	0.73	0.5	0.67
Treasury Stock	0.32	0.19	0.26	0.26	0.32	0.47	0.46	0.56	0.27	0.17	-0.36		0.43	0.12	-0.82	-0.97	-0.13	0.26	0.17	0.1	0.26	-0.36	-0.38	0.03	0.05	0.03
Common Stock	0.87	0.83	0.72	0.82	0.96	0.96	0.95	0.96	0.59	0.83	0.58	0.43		0.39	-0.03	-0.54	-0.71	0.77	0.89	0.91	0.84	-0.73	-0.59	0.76	0.72	0.73
Property Plant Equipment	0.4	0.3	0.63	0.34	0.23	0.42	0.56	0.22	0.73	0.52	0.59	0.12	0.39		0.29	-0.04	-0.64	0.5	0.62	0.41	0.71	-0.49	-0.43	0.33	0.02	0.24
Current Deferred Revenue	0.14	0.22	0.21	0.14	0.0	-0.08	-0.02	-0.23	0.19	0.32	0.71	-0.82	-0.03	0.29		0.79	-0.34	0.17	0.27	0.25	0.23	-0.08	0.04	0.29	0.21	0.31
Good Will	-0.45	-0.34	-0.33	-0.39	-0.45	-0.58	-0.54	-0.67	-0.3	-0.28	0.29	-0.97	-0.54	-0.04	0.79		0.2	-0.36	-0.26	-0.23	-0.31	0.42	0.42	-0.14	-0.21	-0.17
Net Tangible Assets	-0.78	-0.66	-0.84	-0.63	-0.63	-0.74	-0.85	-0.55	-0.82	-0.9	-0.75	-0.13	-0.71	-0.64	-0.34	0.2		-0.84	-0.86	-0.67	-0.94	0.8	0.49	-0.54	-0.42	-0.56
Total Permanent Equity	0.87	0.79	0.79	0.87	0.7	0.8	0.85	0.68	0.77	0.93	0.56	0.26	0.77	0.5	0.17	-0.36	-0.84		0.77	0.66	0.83	-0.92	-0.73	0.49	0.66	0.57
Long Term Debt Total	0.86	0.8	0.85	0.74	0.84	0.86	0.92	0.77	0.7	0.89	0.85	0.17	0.89	0.62	0.27	-0.26	-0.86	0.77		0.92	0.95	-0.66	-0.45	0.82	0.62	0.77
Capital Surpluse	0.84	0.87	0.75	0.79	0.91	0.86	0.83	0.82	0.55	0.82	0.78	0.1	0.91	0.41	0.25	-0.23	-0.67	0.66	0.92		0.79	-0.53	-0.42	0.93	0.76	0.87
Deferred Long Term Liab	0.82	0.72	0.84	0.7	0.77	0.83	0.94	0.72	0.81	0.9	0.78	0.26	0.84	0.71	0.23	-0.31	-0.94	0.83	0.95	0.79		-0.79	-0.55	0.65	0.49	0.62
Long Term Investments	-0.74	-0.62	-0.62	-0.75	-0.62	-0.75	-0.82	-0.67	-0.68	-0.81	-0.43	-0.36	-0.73	-0.49	-0.08	0.42	0.8	-0.92	-0.66	-0.53	-0.79		0.77	-0.27	-0.52	-0.34
Short Long Term Debt	-0.6	-0.54	-0.46	-0.71	-0.54	-0.52	-0.6	-0.52	-0.45	-0.6	-0.22	-0.38	-0.59	-0.43	0.04	0.42	0.49	-0.73	-0.45	-0.42	-0.55	0.77		-0.25	-0.57	-0.32
Net Invested Capital	0.79	0.86	0.76	0.71	0.77	0.71	0.64	0.65	0.5	0.74	0.73	0.03	0.76	0.33	0.29	-0.14	-0.54	0.49	0.82	0.93	0.65	-0.27	-0.25		0.69	0.96
Net Working Capital	0.78	0.84	0.5	0.85	0.8	0.64	0.59	0.72	0.23	0.71	0.5	0.05	0.72	0.02	0.21	-0.21	-0.42	0.66	0.62	0.76	0.49	-0.52	-0.57	0.69		0.76
Capital Stock	0.86	0.93	0.8	0.81	0.75	0.69	0.61	0.62	0.52	0.8	0.67	0.03	0.73	0.24	0.31	-0.17	-0.56	0.57	0.77	0.87	0.62	-0.34	-0.32	0.96	0.76

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 Columbus McKinnon

In accordance with the company's disclosures, Columbus McKinnon has a Z Score of 0.0. This is 100.0% lower than that of the Machinery sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

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 McKinnon Institutional Holders

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

		Shares
Aristotle Capital Boston, Llc	2024-06-30	575.7 K
Mirae Asset Global Etfs Holdings Ltd.	2024-06-30	574.6 K
Franklin Resources Inc	2024-09-30	489.5 K
Fmr Inc	2024-09-30	476.2 K
Bank Of America Corp	2024-06-30	467.8 K
Punch & Associates Inv Mgmt Inc	2024-09-30	429 K
Morgan Stanley - Brokerage Accounts	2024-06-30	426.2 K
Charles Schwab Investment Management Inc	2024-09-30	390.7 K
Segall Bryant & Hamill	2024-09-30	373.9 K
Blackrock Inc	2024-06-30	2.3 M
Dimensional Fund Advisors, Inc.	2024-09-30	1.9 M

Columbus Fundamentals

	Return On Equity	0.0173
	Return On Asset	0.0224
	Profit Margin	0.02 %
	Operating Margin	(0.05) %
	Current Valuation	1.56 B
	Shares Outstanding	28.69 M
	Shares Owned By Insiders	2.39 %
	Shares Owned By Institutions	98.33 %
	Number Of Shares Shorted	399.39 K
	Price To Earning	85.88 X
	Price To Book	1.24 X
	Price To Sales	1.11 X
	Revenue	1.01 B
	Gross Profit	319.23 M
	EBITDA	158.29 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	31.36 X
	Cash Flow From Operations	67.2 M
	Short Ratio	1.44 X
	Earnings Per Share	0.52 X
	Price To Earnings To Growth	0.46 X
	Target Price	49.0
	Number Of Employees	3.52 K
	Beta	1.19
	Market Capitalization	1.12 B
	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	0.01 %
	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

0.74

ALG

Alamo Group

Pair Corr

Moving against Columbus Stock

0.78	LEV	Lion Electric Corp	Pair Corr
0.65	NKLA	Nikola Corp	Pair Corr
0.41	CEAD	CEA Industries	Pair Corr
0.33	TWI	Titan International	Pair Corr

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.

Pair Correlation Correlation Matching

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

How To Invest In Columbus

Details

Is Columbus Stock a good investment?

Details

What is Columbus McKinnon's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

View

Largest Farm & Heavy Construction Machinery Companies

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Check out Columbus McKinnon Piotroski F Score and Columbus McKinnon Valuation analysis.

To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.

You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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

(0.07)

Dividend Share

0.28

Earnings Share

0.52

Revenue Per Share

34.771

Quarterly Revenue Growth

(0.06)

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Columbus Mckinnon Stock Z Score

Columbus McKinnon 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 )

Columbus Z Score Driver Correlations

Columbus McKinnon ESG Sustainability

Columbus McKinnon Institutional Holders

Columbus Fundamentals

About Columbus McKinnon Fundamental Analysis

Pair Trading with Columbus McKinnon

Moving together with Columbus Stock

Moving against Columbus Stock

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