| MTX Stock | | | CAD 0.02 0.01 33.33% |
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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metalex Ventures. 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, Metalex Ventures'
Net Invested Capital is fairly stable compared to the past year.
Capital Stock is likely to climb to about 104.3
M in 2024, whereas
Net Working Capital is likely to drop (2
M) in 2024. At this time, Metalex Ventures'
Total Other Income Expense Net is fairly stable compared to the past year.
Selling General Administrative is likely to climb to about 416.4
K in 2024, whereas
Operating Income is likely to drop (3.2
M) in 2024.
Metalex Ventures Company Z Score Analysis
Metalex Ventures' 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 ) |
|
Metalex Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Metalex Ventures is extremely important. It helps to project a fair market value of Metalex Stock properly, considering its historical
fundamentals such as Z Score. Since Metalex Ventures' 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 Metalex Ventures' 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 Metalex Ventures' 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.
Based on the company's disclosures, Metalex Ventures 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.
Metalex Ventures Current Valuation Drivers
We derive many important indicators used in calculating different scores of Metalex Ventures from analyzing Metalex Ventures' financial statements. These drivers represent accounts that assess Metalex Ventures' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Metalex Ventures' important valuation drivers and their relationship over time.
Metalex Fundamentals
About Metalex Ventures Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Metalex Ventures's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Metalex Ventures using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Metalex Ventures 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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Metalex Stock Analysis
When running Metalex Ventures' price analysis, check to
measure Metalex Ventures' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Metalex Ventures is operating at the current time. Most of Metalex Ventures' value examination focuses on studying past and present price action to
predict the probability of Metalex Ventures' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalex Ventures' price. Additionally, you may evaluate how the addition of Metalex Ventures to your portfolios can decrease your overall portfolio volatility.