Bg Foods Stock Z Score

BGS Stock  USD 11.45  0.34  3.06%   
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 BG Foods Piotroski F Score and BG Foods Valuation analysis.
For more information on how to buy BGS Stock please use our How to Invest in BG Foods guide.
  
At this time, BG Foods' Net Invested Capital is comparatively stable compared to the past year. Net Working Capital is likely to gain to about 601.4 M in 2024, whereas Capital Stock is likely to drop slightly above 756.6 K in 2024. At this time, BG Foods' Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 159.8 M in 2024, whereas Gross Profit is likely to drop slightly above 263.2 M in 2024.

BGS Z Score Analysis

BG Foods' 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

Current BG Foods Z Score

    
  1.67  
Most of BG Foods' fundamental indicators, such as Z Score, 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, BG Foods is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

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 )

BGS Z Score Driver Correlations

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

In accordance with the company's disclosures, BG Foods has a Z Score of 1.67. This is 81.57% lower than that of the Food Products sector and 29.24% lower than that of the Consumer Staples industry. The z score for all United States stocks is 80.85% higher than that of the company.

BGS Z Score Peer Comparison

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

BG Foods Institutional Holders

Institutional Holdings refers to the ownership stake in BG Foods that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of BG Foods' 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 BG Foods' value.
Shares
Goldman Sachs Group Inc2023-12-31
657.5 K
Smith Graham & Co Inv Adv, L.p.**2023-12-31
630.6 K
Citadel Advisors Llc2023-09-30
608.8 K
Hotchkis & Wiley Capital Management Llc2023-12-31
605.2 K
American Century Companies Inc2023-12-31
591.9 K
Gilman Hill Asset Management, Llc2023-12-31
561.4 K
Ubs Group Ag2023-12-31
550.8 K
Two Sigma Investments Llc2023-12-31
424.3 K
Principal Financial Group Inc2023-12-31
408.9 K
Blackrock Inc2023-12-31
12.6 M
Vanguard Group Inc2023-12-31
10 M

BGS Fundamentals

About BG Foods Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze BG Foods's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BG Foods using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BG Foods 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.
BG Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. BG Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey. BG Foods operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 3096 people.

BG Foods Investors Sentiment

The influence of BG Foods' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in BGS. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to BG Foods' public news can be used to forecast risks associated with an investment in BGS. The trend in average sentiment can be used to explain how an investor holding BGS can time the market purely based on public headlines and social activities around BG Foods. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
BG Foods' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for BG Foods' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average BG Foods' news discussions. The higher the estimated score, the more favorable is the investor's outlook on BG Foods.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BG Foods in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BG Foods' short interest history, or implied volatility extrapolated from BG Foods options trading.

Pair Trading with BG Foods

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BG Foods position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BG Foods will appreciate offsetting losses from the drop in the long position's value.

Moving against BGS Stock

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The ability to find closely correlated positions to BG Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BG Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BG Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BG Foods to buy it.
The correlation of BG Foods is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BG Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BG Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BG Foods can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether BG Foods is a strong investment it is important to analyze BG Foods' 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 BG Foods' future performance. For an informed investment choice regarding BGS Stock, refer to the following important reports:
Check out BG Foods Piotroski F Score and BG Foods Valuation analysis.
For more information on how to buy BGS Stock please use our How to Invest in BG Foods guide.
Note that the BG Foods information on this page should be used as a complementary analysis to other BG Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for BGS Stock analysis

When running BG Foods' price analysis, check to measure BG Foods' 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 BG Foods is operating at the current time. Most of BG Foods' value examination focuses on studying past and present price action to predict the probability of BG Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BG Foods' price. Additionally, you may evaluate how the addition of BG Foods to your portfolios can decrease your overall portfolio volatility.
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Is BG Foods' industry 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 BG Foods. If investors know BGS 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 BG Foods 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
(0.91)
Dividend Share
0.76
Earnings Share
(0.89)
Revenue Per Share
27.769
Quarterly Revenue Growth
(0.07)
The market value of BG Foods is measured differently than its book value, which is the value of BGS that is recorded on the company's balance sheet. Investors also form their own opinion of BG Foods' value that differs from its market value or its book value, called intrinsic value, which is BG Foods' 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 BG Foods' market value can be influenced by many factors that don't directly affect BG Foods' 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 BG Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if BG Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BG Foods' 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.