Irhythm Technologies Stock Z Score

IRTC Stock

USD 101.66 2.04 1.97%

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 IRhythm Technologies Piotroski F Score and IRhythm Technologies Valuation analysis.

For information on how to trade IRhythm Stock refer to our How to Trade IRhythm Stock guide.

At present, IRhythm Technologies' Net Invested Capital is projected to increase significantly based on the last few years of reporting. The current year's Net Working Capital is expected to grow to about 561.6 M, whereas Capital Stock is forecasted to decline to about 30.2 K. At present, IRhythm Technologies' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 621.4 M, whereas Selling General Administrative is forecasted to decline to about 210.9 M.

iRhythm Technologies Company Z Score Analysis

IRhythm Technologies' 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 )

IRhythm Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for IRhythm Technologies is extremely important. It helps to project a fair market value of IRhythm Stock properly, considering its historical fundamentals such as Z Score. Since IRhythm Technologies' 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 IRhythm Technologies' 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 IRhythm Technologies' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.64	0.87	0.71	0.88	-0.94	0.7	0.83	0.96	-0.78	0.6	0.89	0.42	0.71	0.03	0.99	0.45	-0.78	0.76	0.63	-0.25	0.93	0.96	0.94	0.91
Total Stockholder Equity	0.64		0.94	0.71	0.26	-0.63	0.78	0.14	0.62	-0.12	0.84	0.23	0.39	-0.06	0.04	0.62	0.62	-0.12	0.86	0.71	-0.05	0.84	0.44	0.42	0.55
Net Tangible Assets	0.87	0.94		0.79	0.57	-0.83	0.8	0.47	0.83	-0.43	0.81	0.55	0.43	0.28	0.04	0.85	0.6	-0.43	0.92	0.73	-0.14	0.96	0.72	0.69	0.78
Current Deferred Revenue	0.71	0.71	0.79		0.48	-0.87	0.83	0.38	0.84	-0.28	0.41	0.48	0.44	0.22	0.02	0.66	0.54	-0.28	0.82	0.8	0.4	0.88	0.55	0.47	0.81
Net Debt	0.88	0.26	0.57	0.48		-0.83	0.44	0.95	0.85	-0.9	0.3	0.97	0.34	0.89	-0.08	0.88	0.12	-0.9	0.53	0.41	-0.25	0.69	0.92	0.89	0.82
Retained Earnings	-0.94	-0.63	-0.83	-0.87	-0.83		-0.72	-0.74	-0.99	0.67	-0.49	-0.82	-0.44	-0.6	-0.01	-0.9	-0.47	0.67	-0.78	-0.67	0.0	-0.94	-0.86	-0.8	-0.96
Accounts Payable	0.7	0.78	0.8	0.83	0.44	-0.72		0.31	0.72	-0.24	0.57	0.43	0.44	0.17	-0.06	0.65	0.49	-0.24	0.77	0.98	0.24	0.83	0.53	0.48	0.67
Long Term Debt	0.83	0.14	0.47	0.38	0.95	-0.74	0.31		0.78	-0.95	0.18	0.98	0.25	0.97	0.03	0.85	0.11	-0.95	0.41	0.25	-0.3	0.6	0.92	0.92	0.74
Net Receivables	0.96	0.62	0.83	0.84	0.85	-0.99	0.72	0.78		-0.72	0.48	0.85	0.42	0.64	-0.01	0.93	0.46	-0.72	0.76	0.67	-0.04	0.94	0.89	0.84	0.94
Good Will	-0.78	-0.12	-0.43	-0.28	-0.9	0.67	-0.24	-0.95	-0.72		-0.15	-0.93	-0.18	-0.93	-0.01	-0.8	-0.12	1.0	-0.3	-0.18	0.4	-0.55	-0.88	-0.88	-0.6
Short Term Investments	0.6	0.84	0.81	0.41	0.3	-0.49	0.57	0.18	0.48	-0.15		0.27	0.2	0.02	-0.21	0.6	0.29	-0.15	0.66	0.49	-0.43	0.68	0.49	0.5	0.5
Total Liab	0.89	0.23	0.55	0.48	0.97	-0.82	0.43	0.98	0.85	-0.93	0.27		0.3	0.94	0.02	0.9	0.2	-0.93	0.45	0.39	-0.3	0.69	0.96	0.95	0.82
Deferred Long Term Liab	0.42	0.39	0.43	0.44	0.34	-0.44	0.44	0.25	0.42	-0.18	0.2	0.3		0.11	0.26	0.41	0.47	-0.18	0.47	0.41	0.05	0.46	0.33	0.3	0.39
Long Term Investments	0.71	-0.06	0.28	0.22	0.89	-0.6	0.17	0.97	0.64	-0.93	0.02	0.94	0.11		0.07	0.73	0.02	-0.93	0.2	0.14	-0.33	0.42	0.85	0.85	0.63
Short Long Term Debt	0.03	0.04	0.04	0.02	-0.08	-0.01	-0.06	0.03	-0.01	-0.01	-0.21	0.02	0.26	0.07		0.04	0.74	-0.01	0.01	-0.09	-0.08	0.02	0.03	0.04	0.02
Total Current Assets	0.99	0.62	0.85	0.66	0.88	-0.9	0.65	0.85	0.93	-0.8	0.6	0.9	0.41	0.73	0.04		0.43	-0.8	0.74	0.57	-0.31	0.9	0.97	0.96	0.88
Short Term Debt	0.45	0.62	0.6	0.54	0.12	-0.47	0.49	0.11	0.46	-0.12	0.29	0.2	0.47	0.02	0.74	0.43		-0.12	0.48	0.45	-0.03	0.58	0.33	0.3	0.41
Intangible Assets	-0.78	-0.12	-0.43	-0.28	-0.9	0.67	-0.24	-0.95	-0.72	1.0	-0.15	-0.93	-0.18	-0.93	-0.01	-0.8	-0.12		-0.3	-0.18	0.4	-0.55	-0.88	-0.88	-0.6
Common Stock	0.76	0.86	0.92	0.82	0.53	-0.78	0.77	0.41	0.76	-0.3	0.66	0.45	0.47	0.2	0.01	0.74	0.48	-0.3		0.7	0.15	0.88	0.57	0.53	0.72
Property Plant Equipment	0.63	0.71	0.73	0.8	0.41	-0.67	0.98	0.25	0.67	-0.18	0.49	0.39	0.41	0.14	-0.09	0.57	0.45	-0.18	0.7		0.29	0.76	0.47	0.41	0.64
Long Term Debt Total	-0.25	-0.05	-0.14	0.4	-0.25	0.0	0.24	-0.3	-0.04	0.4	-0.43	-0.3	0.05	-0.33	-0.08	-0.31	-0.03	0.4	0.15	0.29		-0.04	-0.39	-0.46	-0.06
Capital Surpluse	0.93	0.84	0.96	0.88	0.69	-0.94	0.83	0.6	0.94	-0.55	0.68	0.69	0.46	0.42	0.02	0.9	0.58	-0.55	0.88	0.76	-0.04		0.81	0.76	0.88
Net Invested Capital	0.96	0.44	0.72	0.55	0.92	-0.86	0.53	0.92	0.89	-0.88	0.49	0.96	0.33	0.85	0.03	0.97	0.33	-0.88	0.57	0.47	-0.39	0.81		0.99	0.87
Net Working Capital	0.94	0.42	0.69	0.47	0.89	-0.8	0.48	0.92	0.84	-0.88	0.5	0.95	0.3	0.85	0.04	0.96	0.3	-0.88	0.53	0.41	-0.46	0.76	0.99		0.81
Capital Stock	0.91	0.55	0.78	0.81	0.82	-0.96	0.67	0.74	0.94	-0.6	0.5	0.82	0.39	0.63	0.02	0.88	0.41	-0.6	0.72	0.64	-0.06	0.88	0.87	0.81

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 IRhythm Technologies

According to the company's disclosures, iRhythm Technologies has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Equipment & Supplies 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.

IRhythm Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IRhythm Technologies' 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 IRhythm Technologies could also be used in its relative valuation, which is a method of valuing IRhythm Technologies by comparing valuation metrics of similar companies.

IRhythm Technologies is currently under evaluation in z score category among its peers.

IRhythm Technologies Current Valuation Drivers

We derive many important indicators used in calculating different scores of IRhythm Technologies from analyzing IRhythm Technologies' financial statements. These drivers represent accounts that assess IRhythm Technologies' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of IRhythm Technologies' important valuation drivers and their relationship over time.

	2020	2021	2022	2023	2024	2025 (projected)
Market Cap	1.7B	6.6B	3.5B	2.8B	2.5B	1.6B
Enterprise Value	1.8B	6.6B	3.4B	2.9B	2.6B	1.6B

IRhythm Technologies 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, IRhythm Technologies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to IRhythm Technologies' managers, analysts, and investors.

Environmental

Governance

Social

IRhythm Technologies Institutional Holders

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

		Shares
Champlain Investment Partners, Llc	2024-12-31	726.3 K
Jpmorgan Chase & Co	2024-12-31	706.8 K
Braidwell Lp	2024-12-31	705.4 K
Blair William & Co	2024-12-31	604.7 K
Allspring Global Investments Holdings, Llc	2024-12-31	570 K
Bessemer Group Inc	2024-12-31	568 K
Slate Path Capital Lp	2024-12-31	510.5 K
Stephens Inv Mgmt Group Llc	2024-12-31	502.9 K
Bank Of New York Mellon Corp	2024-12-31	491.5 K
Sands Capital Management, Llc	2024-12-31	3.2 M
Vanguard Group Inc	2024-12-31	3.1 M

IRhythm Fundamentals

	Return On Equity	-0.75
	Return On Asset	-0.0654
	Profit Margin	(0.19) %
	Operating Margin	(0.01) %
	Current Valuation	3.46 B
	Shares Outstanding	31.41 M
	Shares Owned By Insiders	0.82 %
	Shares Owned By Institutions	99.18 %
	Number Of Shares Shorted	2.63 M
	Price To Earning	(36.08) X
	Price To Book	35.80 X
	Price To Sales	5.50 X
	Revenue	591.84 M
	Gross Profit	407.53 M
	EBITDA	(74.13 M)
	Net Income	(113.29 M)
	Cash And Equivalents	204.49 M
	Cash Per Share	6.81 X
	Total Debt	736.91 M
	Debt To Equity	0.54 %
	Current Ratio	4.05 X
	Book Value Per Share	2.90 X
	Cash Flow From Operations	3.39 M
	Short Ratio	6.13 X
	Earnings Per Share	(3.63) X
	Target Price	133.0
	Number Of Employees	2 K
	Beta	1.36
	Market Capitalization	3.26 B
	Total Asset	931.45 M
	Retained Earnings	(758.89 M)
	Working Capital	534.9 M
	Current Asset	54.91 M
	Current Liabilities	11.97 M
	Net Asset	931.45 M

About IRhythm Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze iRhythm Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IRhythm Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iRhythm Technologies 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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When determining whether iRhythm Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IRhythm Technologies' 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 Irhythm Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Irhythm Technologies Stock:

How To Invest In IRhythm

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Is IRhythm Stock a good investment?

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What is IRhythm Technologies' Net Worth?

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Largest Health Care Equipment & Supplies Companies

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Check out IRhythm Technologies Piotroski F Score and IRhythm Technologies Valuation analysis.

For information on how to trade IRhythm Stock refer to our How to Trade IRhythm Stock guide.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Is Health Care Equipment & Supplies 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 IRhythm Technologies. If investors know IRhythm 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 IRhythm Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(3.63)

Revenue Per Share

18.972

Quarterly Revenue Growth

0.24

Return On Assets

(0.07)

Return On Equity

(0.75)

The market value of iRhythm Technologies is measured differently than its book value, which is the value of IRhythm that is recorded on the company's balance sheet. Investors also form their own opinion of IRhythm Technologies' value that differs from its market value or its book value, called intrinsic value, which is IRhythm Technologies' 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 IRhythm Technologies' market value can be influenced by many factors that don't directly affect IRhythm Technologies' 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 IRhythm Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if IRhythm Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRhythm Technologies' 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.

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Irhythm Technologies Stock Z Score

iRhythm Technologies 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 )

IRhythm Z Score Driver Correlations

IRhythm Z Score Peer Comparison

IRhythm Technologies Current Valuation Drivers

IRhythm Technologies ESG Sustainability

IRhythm Technologies Institutional Holders

IRhythm Fundamentals

About IRhythm Technologies Fundamental Analysis

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