Nov Inc Stock Z Score

NOV Stock

USD 16.00 0.25 1.54%

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 NOV Piotroski F Score and NOV Valuation analysis.

Return On Capital Employed is likely to climb to 0.10 in 2024, whereas Capital Surpluse is likely to drop slightly above 9.3 B in 2024. At this time, NOV's Non Recurring is fairly stable compared to the past year. Non Operating Income Net Other is likely to climb to about 49.1 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 7.9 B in 2024.

NOV Inc Company Z Score Analysis

NOV'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..

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 )

NOV Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Short Term Debt	Common Stock	Long Term Debt	Good Will	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	-0.36	0.93	0.66	0.94	0.97	0.98	0.95	-0.11	0.48	0.65	0.81	0.82	0.84	0.85	0.59	-0.17	0.62	0.58	0.29	0.17	0.6	0.6	0.2
Total Stockholder Equity	0.99		-0.39	0.94	0.65	0.9	0.93	0.95	0.97	-0.11	0.44	0.61	0.86	0.8	0.79	0.86	0.55	-0.2	0.63	0.63	0.32	0.19	0.66	0.66	0.21
Net Debt	-0.36	-0.39		-0.39	-0.7	-0.3	-0.28	-0.43	-0.42	-0.11	0.13	0.42	-0.13	0.06	-0.38	-0.66	0.49	0.08	-0.6	-0.43	-0.2	-0.29	-0.35	-0.37	-0.28
Retained Earnings	0.93	0.94	-0.39		0.49	0.82	0.86	0.87	0.98	-0.2	0.22	0.59	0.87	0.66	0.72	0.88	0.55	-0.4	0.8	0.76	0.39	0.28	0.82	0.84	0.37
Accounts Payable	0.66	0.65	-0.7	0.49		0.68	0.65	0.74	0.55	0.11	0.49	0.01	0.3	0.49	0.64	0.66	-0.08	0.28	0.34	0.32	0.02	-0.15	0.15	0.16	0.02
Net Receivables	0.94	0.9	-0.3	0.82	0.68		0.98	0.97	0.82	-0.18	0.47	0.66	0.63	0.77	0.95	0.81	0.61	0.02	0.56	0.47	0.19	0.04	0.42	0.42	0.14
Total Liab	0.97	0.93	-0.28	0.86	0.65	0.98		0.98	0.87	-0.11	0.52	0.7	0.7	0.83	0.9	0.8	0.64	-0.09	0.56	0.45	0.23	0.12	0.46	0.46	0.18
Total Current Assets	0.98	0.95	-0.43	0.87	0.74	0.97	0.98		0.89	-0.12	0.46	0.58	0.68	0.76	0.9	0.88	0.52	-0.06	0.62	0.53	0.24	0.13	0.5	0.5	0.17
Intangible Assets	0.95	0.97	-0.42	0.98	0.55	0.82	0.87	0.89		-0.1	0.33	0.58	0.9	0.73	0.69	0.86	0.51	-0.36	0.72	0.69	0.42	0.3	0.76	0.79	0.39
Short Term Debt	-0.11	-0.11	-0.11	-0.2	0.11	-0.18	-0.11	-0.12	-0.1		0.27	-0.32	-0.06	0.08	-0.2	-0.24	-0.39	0.04	-0.24	-0.28	0.56	-0.01	-0.22	-0.22	-0.03
Common Stock	0.48	0.44	0.13	0.22	0.49	0.47	0.52	0.46	0.33	0.27		0.5	0.37	0.83	0.28	0.03	0.37	0.28	-0.32	-0.27	-0.12	-0.11	-0.19	-0.17	0.0
Long Term Debt	0.65	0.61	0.42	0.59	0.01	0.66	0.7	0.58	0.58	-0.32	0.5		0.65	0.77	0.5	0.31	0.98	-0.21	0.18	0.16	0.05	0.13	0.3	0.31	0.16
Good Will	0.81	0.86	-0.13	0.87	0.3	0.63	0.7	0.68	0.9	-0.06	0.37	0.65		0.76	0.47	0.61	0.57	-0.45	0.49	0.6	0.43	0.28	0.76	0.79	0.39
Property Plant Equipment	0.82	0.8	0.06	0.66	0.49	0.77	0.83	0.76	0.73	0.08	0.83	0.77	0.76		0.6	0.41	0.68	-0.01	0.14	0.17	0.17	0.01	0.26	0.28	0.14
Current Deferred Revenue	0.84	0.79	-0.38	0.72	0.64	0.95	0.9	0.9	0.69	-0.2	0.28	0.5	0.47	0.6		0.8	0.49	0.09	0.6	0.45	0.19	0.04	0.36	0.34	0.04
Net Tangible Assets	0.85	0.86	-0.66	0.88	0.66	0.81	0.8	0.88	0.86	-0.24	0.03	0.31	0.61	0.41	0.8		0.28	-0.22	0.86	0.78	0.33	0.23	0.7	0.7	0.25
Long Term Debt Total	0.59	0.55	0.49	0.55	-0.08	0.61	0.64	0.52	0.51	-0.39	0.37	0.98	0.57	0.68	0.49	0.28		-0.15	0.19	0.19	0.04	0.06	0.31	0.29	0.01
Capital Surpluse	-0.17	-0.2	0.08	-0.4	0.28	0.02	-0.09	-0.06	-0.36	0.04	0.28	-0.21	-0.45	-0.01	0.09	-0.22	-0.15		-0.4	-0.3	-0.31	-0.61	-0.49	-0.58	-0.68
Deferred Long Term Liab	0.62	0.63	-0.6	0.8	0.34	0.56	0.56	0.62	0.72	-0.24	-0.32	0.18	0.49	0.14	0.6	0.86	0.19	-0.4		0.83	0.46	0.3	0.8	0.82	0.39
Long Term Investments	0.58	0.63	-0.43	0.76	0.32	0.47	0.45	0.53	0.69	-0.28	-0.27	0.16	0.6	0.17	0.45	0.78	0.19	-0.3	0.83		0.43	-0.03	0.9	0.87	0.17
Short Long Term Debt	0.29	0.32	-0.2	0.39	0.02	0.19	0.23	0.24	0.42	0.56	-0.12	0.05	0.43	0.17	0.19	0.33	0.04	-0.31	0.46	0.43		0.16	0.48	0.48	0.22
Cash And Equivalents	0.17	0.19	-0.29	0.28	-0.15	0.04	0.12	0.13	0.3	-0.01	-0.11	0.13	0.28	0.01	0.04	0.23	0.06	-0.61	0.3	-0.03	0.16		0.28	0.34	0.57
Net Invested Capital	0.6	0.66	-0.35	0.82	0.15	0.42	0.46	0.5	0.76	-0.22	-0.19	0.3	0.76	0.26	0.36	0.7	0.31	-0.49	0.8	0.9	0.48	0.28		0.98	0.33
Net Working Capital	0.6	0.66	-0.37	0.84	0.16	0.42	0.46	0.5	0.79	-0.22	-0.17	0.31	0.79	0.28	0.34	0.7	0.29	-0.58	0.82	0.87	0.48	0.34	0.98		0.5
Capital Stock	0.2	0.21	-0.28	0.37	0.02	0.14	0.18	0.17	0.39	-0.03	0.0	0.16	0.39	0.14	0.04	0.25	0.01	-0.68	0.39	0.17	0.22	0.57	0.33	0.5

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 NOV

Based on the company's disclosures, NOV Inc has a Z Score of 0.0. This is 100.0% lower than that of the Energy Equipment & Services sector and 100.0% lower than that of the Energy industry. The z score for all United States stocks is 100.0% higher than that of the company.

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

Environmental

Governance

Social

NOV Institutional Holders

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

		Shares
Van Eck Associates Corporation	2024-06-30	4.9 M
Aqr Capital Management Llc	2024-06-30	4.9 M
Amvescap Plc.	2024-06-30	4.8 M
Earnest Partners Llc	2024-06-30	4 M
Ameriprise Financial Inc	2024-06-30	3.8 M
Bank Of America Corp	2024-06-30	3.7 M
Artisan Partners Limited Partnership	2024-09-30	3.5 M
Fidelity International Ltd	2024-06-30	3.3 M
Allspring Global Investments Holdings, Llc	2024-06-30	3 M
Pzena Investment Management, Llc	2024-09-30	43 M
Vanguard Group Inc	2024-09-30	38.9 M

NOV Fundamentals

	Return On Equity	0.18
	Return On Asset	0.0428
	Profit Margin	0.12 %
	Operating Margin	0.09 %
	Current Valuation	7.64 B
	Shares Outstanding	389.08 M
	Shares Owned By Insiders	0.63 %
	Shares Owned By Institutions	99.41 %
	Number Of Shares Shorted	15.16 M
	Price To Book	0.96 X
	Price To Sales	0.70 X
	Revenue	8.58 B
	Gross Profit	1.41 B
	EBITDA	651 M
	Net Income	993 M
	Cash And Equivalents	1.07 B
	Cash Per Share	2.54 X
	Total Debt	2.38 B
	Debt To Equity	0.48 %
	Current Ratio	2.31 X
	Book Value Per Share	16.61 X
	Cash Flow From Operations	143 M
	Short Ratio	4.02 X
	Earnings Per Share	2.70 X
	Price To Earnings To Growth	0.27 X
	Target Price	20.3
	Number Of Employees	33.68 K
	Beta	1.67
	Market Capitalization	6.22 B
	Total Asset	11.29 B
	Retained Earnings	(1.16 B)
	Working Capital	3.4 B
	Current Asset	11.8 B
	Current Liabilities	4.25 B
	Annual Yield	0.02 %
	Five Year Return	1.25 %
	Net Asset	11.29 B
	Last Dividend Paid	0.25

About NOV Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NOV Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NOV using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NOV 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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When running NOV's price analysis, check to measure NOV's 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 NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.

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Nov Inc Stock Z Score

NOV Inc 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 )

NOV Z Score Driver Correlations

NOV ESG Sustainability

NOV Institutional Holders

NOV Fundamentals

About NOV Fundamental Analysis

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for NOV Stock Analysis

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