Equitable Group Stock Probability Of Bankruptcy
| EQB Stock | CAD 101.67 1.75 1.75% |
Equitable | Probability Of Bankruptcy |
Equitable Group Company odds of distress Analysis
Equitable'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 Equitable Probability Of Bankruptcy | Less than 1% |
Most of Equitable'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, Equitable Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Equitable 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 Equitable 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 Equitable Group financial health.
Equitable Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Equitable is extremely important. It helps to project a fair market value of Equitable Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Equitable'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 Equitable'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 Equitable's interrelated accounts and indicators.
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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, Equitable Group has a Probability Of Bankruptcy of 1.0%. This is 98.0% lower than that of the Banks sector and significantly higher than that of the Financials industry. The probability of bankruptcy for all Canada stocks is 97.49% higher than that of the company.
Equitable Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Equitable'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 Equitable could also be used in its relative valuation, which is a method of valuing Equitable by comparing valuation metrics of similar companies.Equitable is currently under evaluation in probability of bankruptcy category among its peers.
Equitable Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | 0.007272 | 0.007279 | 0.00809 | 0.005283 | 0.006075 | 0.00932 | |
| Asset Turnover | 0.0175 | 0.0181 | 0.0178 | 0.0153 | 0.0138 | 0.0162 | |
| Net Debt | 12.3B | 12.8B | 19.0B | 18.7B | 21.5B | 22.6B | |
| Total Current Liabilities | 68.6M | 344.1M | 1.4B | 13.8B | 15.9B | 16.7B | |
| Non Current Liabilities Total | 12.9B | 13.4B | 1.4B | 36.3B | 41.7B | 43.8B | |
| Total Assets | 30.7B | 36.2B | 51.1B | 52.9B | 60.9B | 63.9B | |
| Total Current Assets | 1.4B | 2.2B | 3.6B | 2.3B | 2.6B | 2.7B | |
| Total Cash From Operating Activities | 325.2M | 693.3M | 29.9M | 596.5M | 685.9M | 720.2M |
Equitable Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0076 | ||||
| Profit Margin | 0.40 % | ||||
| Operating Margin | 0.51 % | ||||
| Current Valuation | 19.05 B | ||||
| Shares Outstanding | 38.45 M | ||||
| Shares Owned By Insiders | 28.95 % | ||||
| Shares Owned By Institutions | 22.01 % | ||||
| Number Of Shares Shorted | 441.95 K | ||||
| Price To Earning | 7.77 X | ||||
| Price To Book | 1.25 X | ||||
| Price To Sales | 3.48 X | ||||
| Revenue | 3.05 B | ||||
| Gross Profit | 744.93 M | ||||
| EBITDA | 46.99 M | ||||
| Net Income | 445.91 M | ||||
| Cash And Equivalents | 1.78 B | ||||
| Cash Per Share | 105.97 X | ||||
| Total Debt | 17.37 B | ||||
| Debt To Equity | 0.38 % | ||||
| Book Value Per Share | 79.52 X | ||||
| Cash Flow From Operations | 596.45 M | ||||
| Short Ratio | 10.87 X | ||||
| Earnings Per Share | 10.11 X | ||||
| Price To Earnings To Growth | 0.27 X | ||||
| Target Price | 117.14 | ||||
| Number Of Employees | 1.85 K | ||||
| Beta | 1.6 | ||||
| Market Capitalization | 3.91 B | ||||
| Total Asset | 52.93 B | ||||
| Retained Earnings | 2.19 B | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 1.56 % | ||||
| Net Asset | 52.93 B |
About Equitable Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Equitable Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Equitable using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Equitable Group 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.
Other Information on Investing in Equitable Stock
Equitable financial ratios help investors to determine whether Equitable 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 Equitable with respect to the benefits of owning Equitable security.