Vicinity Motor Corp Stock Probability Of Bankruptcy

VMC Stock  CAD 0.07  0.00  0.00%   
Vicinity's odds of distress is above 80% at this time. It has very high probability of going through financial crisis in the upcoming years. Vicinity's Odds of financial turmoil is determined by interpolating and adjusting Vicinity 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 Vicinity balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vicinity Motor Corp. 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.
  
Market Cap is likely to drop to about 31.9 M in 2024. Enterprise Value is likely to drop to about 40 M in 2024

Vicinity Motor Corp Company odds of financial turmoil Analysis

Vicinity'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 Vicinity Probability Of Bankruptcy

    
  Over 86%  
Most of Vicinity'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, Vicinity Motor Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Vicinity 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 Vicinity 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 Vicinity Motor Corp financial health.
Please note, there is a significant difference between Vicinity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vicinity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vicinity'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.

Vicinity Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Vicinity is extremely important. It helps to project a fair market value of Vicinity Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Vicinity'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 Vicinity'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 Vicinity's interrelated accounts and indicators.
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, Vicinity Motor Corp has a Probability Of Bankruptcy of 86%. This is 107.78% higher than that of the Automobiles sector and 88.06% higher than that of the Consumer Discretionary industry. The probability of bankruptcy for all Canada stocks is 115.92% lower than that of the firm.

Vicinity Probability Of Bankruptcy Peer Comparison

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

Vicinity Main Bankruptcy Drivers

201920202021202220232024 (projected)
Return On Assets0.0235(0.14)(0.0936)(0.33)(0.23)(0.24)
Asset Turnover0.670.550.770.340.190.18
Gross Profit Margin0.180.130.10.0238(0.18)(0.17)
Net Debt7.3M7.3M2.7M5.6M25.1M26.3M
Total Current Liabilities18.6M19.0M19.4M16.6M43.5M25.4M
Non Current Liabilities Total1.6M534K347K1.6M9.5M10.0M
Total Assets36.9M47.0M54.0M55.0M74.2M55.7M
Total Current Assets30.8M32.1M20.8M18.1M40.6M25.0M
Total Cash From Operating Activities(3.8M)(5.7M)3.6M(9.1M)(24.7M)(23.5M)

Vicinity Fundamentals

About Vicinity Fundamental Analysis

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

Thematic Opportunities

Explore Investment Opportunities

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.
Explore Investing Ideas  

Additional Tools for Vicinity Stock Analysis

When running Vicinity's price analysis, check to measure Vicinity'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 Vicinity is operating at the current time. Most of Vicinity's value examination focuses on studying past and present price action to predict the probability of Vicinity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vicinity's price. Additionally, you may evaluate how the addition of Vicinity to your portfolios can decrease your overall portfolio volatility.