| EDR Stock | | | CAD 5.86 0.09 1.56% |
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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endeavour Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Endeavour Silver's
Capital Surpluse is very stable compared to the past year. As of the 29th of November 2024,
Net Working Capital is likely to grow to about 76.5
M, while
Capital Lease Obligations is likely to drop about 993.1
K. At this time, Endeavour Silver's
Net Income is very stable compared to the past year. As of the 29th of November 2024,
Income Tax Expense is likely to grow to about 12.7
M, while
Depreciation And Amortization is likely to drop about 21.5
M.
Endeavour Silver Corp Company Z Score Analysis
Endeavour Silver'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 ) |
|
Endeavour Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Endeavour Silver is extremely important. It helps to project a fair market value of Endeavour Stock properly, considering its historical
fundamentals such as Z Score. Since Endeavour Silver'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 Endeavour Silver'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 Endeavour Silver'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.
According to the company's disclosures, Endeavour Silver Corp has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the
Materials industry. The z score for all Canada stocks is 100.0% higher than that of the company.
Endeavour Silver Current Valuation Drivers
We derive many important indicators used in calculating different scores of Endeavour Silver from analyzing Endeavour Silver's financial statements. These drivers represent accounts that assess Endeavour Silver's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Endeavour Silver's important valuation drivers and their relationship over time.
| | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) |
| Market Cap | | 326.2M | 760.5M | 706.0M | 593.0M | 386.2M | 256.8M |
| Enterprise Value | | 313.0M | 710.2M | 614.2M | 525.1M | 360.4M | 235.0M |
Endeavour Fundamentals
About Endeavour Silver Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Endeavour Silver Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Endeavour Silver using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Endeavour Silver 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.
Pair Trading with Endeavour Silver
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 Endeavour Silver 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 Endeavour Silver will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Endeavour Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endeavour Silver 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 Endeavour Silver - 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 Endeavour Silver Corp to buy it.
The correlation of Endeavour Silver 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 Endeavour Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Silver Corp 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 Endeavour Silver 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.
When determining whether Endeavour Silver Corp is a good investment, qualitative aspects like company
management, corporate governance, and ethical practices play a significant role. A
comparison with peer companies also provides context and helps to understand if Endeavour Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Endeavour Silver Corp Stock.
Highlighted below are key reports to facilitate an investment decision about Endeavour Silver Corp Stock: Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endeavour Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
You can also try the
Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Please note, there is a significant difference between Endeavour Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Endeavour Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Endeavour Silver'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.