89bio Inc Stock Z Score
| ETNB Stock | USD 8.70 0.23 2.72% |
89bio | Z Score |
89bio Inc Company Z Score Analysis
89bio'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..
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89bio Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for 89bio is extremely important. It helps to project a fair market value of 89bio Stock properly, considering its historical fundamentals such as Z Score. Since 89bio'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 89bio'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 89bio's interrelated accounts and indicators.
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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 |
According to the company's disclosures, 89bio Inc has a Z Score of 0.0. This is 100.0% lower than that of the Biotechnology sector and 100.0% lower than that of the Health Care industry. The z score for all United States stocks is 100.0% higher than that of the company.
89bio Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 89bio'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 89bio could also be used in its relative valuation, which is a method of valuing 89bio by comparing valuation metrics of similar companies.89bio is currently under evaluation in z score category among its peers.
89bio Current Valuation Drivers
We derive many important indicators used in calculating different scores of 89bio from analyzing 89bio's financial statements. These drivers represent accounts that assess 89bio's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of 89bio's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 392.1M | 262.7M | 443.1M | 818.9M | 737.0M | 773.8M | |
| Enterprise Value | 187.4M | 131.3M | 407.9M | 694.6M | 625.2M | 656.4M |
89bio 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, 89bio's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to 89bio's managers, analysts, and investors.Environmental | Governance | Social |
89bio Institutional Holders
Institutional Holdings refers to the ownership stake in 89bio that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of 89bio'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 89bio's value.| Shares | Pictet Asset Manangement Sa | 2024-12-31 | 3 M | State Street Corp | 2024-12-31 | 2.9 M | Geode Capital Management, Llc | 2024-12-31 | 2.2 M | Redmile Group, Llc | 2024-12-31 | 2.2 M | Candriam Luxembourg S.c.a. | 2024-12-31 | 1.1 M | Alliancebernstein L.p. | 2024-12-31 | 1 M | Balyasny Asset Management Llc | 2024-12-31 | 1 M | Integral Health Asset Management, Llc | 2024-12-31 | 1000 K | Alyeska Investment Group, L.p. | 2024-12-31 | 925.4 K | Hhg Plc | 2024-12-31 | 16.5 M | Ra Capital Management, Llc | 2024-12-31 | 14.2 M |
89bio Fundamentals
| Return On Equity | -0.78 | ||||
| Return On Asset | -0.45 | ||||
| Current Valuation | 867.66 M | ||||
| Shares Outstanding | 145.98 M | ||||
| Shares Owned By Insiders | 1.00 % | ||||
| Shares Owned By Institutions | 93.97 % | ||||
| Number Of Shares Shorted | 9.13 M | ||||
| Price To Earning | (1.04) X | ||||
| Price To Book | 3.17 X | ||||
| EBITDA | (384.66 M) | ||||
| Net Income | (367.08 M) | ||||
| Cash And Equivalents | 193.34 M | ||||
| Cash Per Share | 4.16 X | ||||
| Total Debt | 1.82 M | ||||
| Debt To Equity | 0.13 % | ||||
| Current Ratio | 5.81 X | ||||
| Book Value Per Share | 3.34 X | ||||
| Cash Flow From Operations | (367.82 M) | ||||
| Short Ratio | 3.65 X | ||||
| Earnings Per Share | (3.51) X | ||||
| Price To Earnings To Growth | (0.45) X | ||||
| Target Price | 27.55 | ||||
| Number Of Employees | 93 | ||||
| Beta | 1.34 | ||||
| Market Capitalization | 1.27 B | ||||
| Total Asset | 478.69 M | ||||
| Retained Earnings | (824.51 M) | ||||
| Working Capital | 440.32 M | ||||
| Current Asset | 10.12 M | ||||
| Current Liabilities | 3.89 M | ||||
| Net Asset | 478.69 M |
About 89bio Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 89bio Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 89bio using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 89bio Inc 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.
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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.When determining whether 89bio Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 89bio'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 89bio Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on 89bio Inc Stock:Check out 89bio Piotroski F Score and 89bio Valuation analysis. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Biotechnology 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 89bio. If investors know 89bio 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 89bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of 89bio Inc is measured differently than its book value, which is the value of 89bio that is recorded on the company's balance sheet. Investors also form their own opinion of 89bio's value that differs from its market value or its book value, called intrinsic value, which is 89bio'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 89bio's market value can be influenced by many factors that don't directly affect 89bio'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 89bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if 89bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 89bio'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.