Heritage Insurance Hldgs Stock Probability Of Bankruptcy

HRTG Stock  USD 14.07  0.50  3.68%   
Heritage Insurance's threat of distress is below 1% at the present time. The company is very unlikely to encounter any financial crunch in the next two years. Heritage Insurance's Chance of financial distress is determined by interpolating and adjusting Heritage Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Heritage balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Heritage Insurance Piotroski F Score and Heritage Insurance Altman Z Score analysis.
  
The Heritage Insurance's current Market Cap is estimated to increase to about 388.5 M, while Enterprise Value is projected to decrease to roughly 55.9 M.

Heritage Insurance Hldgs Company chance of financial distress Analysis

Heritage Insurance'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.

Probability Of Bankruptcy

 = 

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Heritage Insurance Probability Of Bankruptcy

    
  Less than 1%  
Most of Heritage Insurance'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, Heritage Insurance Hldgs is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Heritage Insurance 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 Heritage Insurance 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 Heritage Insurance Hldgs financial health.
Is Property & Casualty Insurance 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 Heritage Insurance. If investors know Heritage 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 Heritage Insurance 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
(0.43)
Earnings Share
2.01
Revenue Per Share
26.703
Quarterly Revenue Growth
0.125
Return On Assets
0.0255
The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance'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 Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance'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 Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance'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.

Heritage Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Heritage Insurance is extremely important. It helps to project a fair market value of Heritage Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Heritage Insurance'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 Heritage Insurance'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 Heritage Insurance's interrelated accounts and indicators.
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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, Heritage Insurance Hldgs has a Probability Of Bankruptcy of 1.0%. This is 98.0% lower than that of the Insurance sector and significantly higher than that of the Financials industry. The probability of bankruptcy for all United States stocks is 97.49% higher than that of the company.

Heritage Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Heritage Insurance'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 Heritage Insurance could also be used in its relative valuation, which is a method of valuing Heritage Insurance by comparing valuation metrics of similar companies.
Heritage Insurance is currently under evaluation in probability of bankruptcy category among its peers.

Heritage Insurance Main Bankruptcy Drivers

202020212022202320242025 (projected)
Return On Assets0.004464(0.0377)(0.0645)0.0210.02490.0213
Asset Turnover0.260.280.320.340.330.25
Net Debt(320.0M)(207.4M)(110.7M)(315.4M)(452.7M)(430.0M)
Total Current Liabilities261.0M263.3M16.8M29.0M846K803.7K
Non Current Liabilities Total179.5M201.8M2.2B1.9B2.2B2.3B
Total Assets2.1B2.0B2.4B2.2B2.5B1.6B
Total Current Assets1.5B1.4B373.6M558.1M554.8M826.6M
Total Cash From Operating Activities170.2M60.1M(34.3M)70.4M87.1M71.0M

Heritage Insurance 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, Heritage Insurance's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Heritage Insurance's managers, analysts, and investors.
Environmental
Governance
Social

Heritage Fundamentals

About Heritage Insurance Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Heritage Insurance Hldgs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Heritage Insurance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Heritage Insurance Hldgs 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.

Currently Active Assets on Macroaxis

When determining whether Heritage Insurance Hldgs is a strong investment it is important to analyze Heritage Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heritage Insurance's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:
Check out Heritage Insurance Piotroski F Score and Heritage Insurance Altman Z Score analysis.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Property & Casualty Insurance 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 Heritage Insurance. If investors know Heritage 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 Heritage Insurance 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
(0.43)
Earnings Share
2.01
Revenue Per Share
26.703
Quarterly Revenue Growth
0.125
Return On Assets
0.0255
The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance'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 Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance'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 Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance'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.