Tredegar Stock Z Score
| TG Stock | USD 6.38 0.20 3.04% |
Tredegar | Z Score |
Tredegar Company Z Score Analysis
Tredegar'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..
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Tredegar Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Tredegar is extremely important. It helps to project a fair market value of Tredegar Stock properly, considering its historical fundamentals such as Z Score. Since Tredegar'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 Tredegar'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 Tredegar's interrelated accounts and indicators.
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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 |
Based on the company's disclosures, Tredegar has a Z Score of 0.0. This is 100.0% lower than that of the Chemicals sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.
Tredegar Institutional Holders
Institutional Holdings refers to the ownership stake in Tredegar that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tredegar'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 Tredegar's value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 309.9 K | Goldman Sachs Group Inc | 2023-12-31 | 297.9 K | Lsv Asset Management | 2022-12-30 | 267.8 K | Credit Suisse First Boston (csfb) | 2023-12-31 | 260 K | Nuveen Asset Management, Llc | 2023-12-31 | 249.7 K | Northern Trust Corp | 2023-12-31 | 248.7 K | London Company Of Virginia | 2023-12-31 | 234.5 K | Ameriprise Financial Inc | 2023-12-31 | 231.5 K | Assenagon Asset Management Sa | 2024-03-31 | 185.2 K | Gamco Investors, Inc. Et Al | 2023-12-31 | 4.1 M | Blackrock Inc | 2023-12-31 | 2.3 M |
Tredegar Fundamentals
| Return On Equity | -0.59 | ||||
| Return On Asset | -0.0176 | ||||
| Profit Margin | (0.15) % | ||||
| Operating Margin | (0.03) % | ||||
| Current Valuation | 371.42 M | ||||
| Shares Outstanding | 34.43 M | ||||
| Shares Owned By Insiders | 23.17 % | ||||
| Shares Owned By Institutions | 62.03 % | ||||
| Number Of Shares Shorted | 165.41 K | ||||
| Price To Earning | 5.78 X | ||||
| Price To Book | 1.43 X | ||||
| Price To Sales | 0.32 X | ||||
| Revenue | 704.83 M | ||||
| Gross Profit | 139.64 M | ||||
| EBITDA | 19.24 M | ||||
| Net Income | (105.91 M) | ||||
| Cash And Equivalents | 19.23 M | ||||
| Cash Per Share | 0.82 X | ||||
| Total Debt | 159.37 M | ||||
| Debt To Equity | 0.55 % | ||||
| Current Ratio | 1.36 X | ||||
| Book Value Per Share | 4.62 X | ||||
| Cash Flow From Operations | 24 M | ||||
| Short Ratio | 0.82 X | ||||
| Earnings Per Share | (3.10) X | ||||
| Target Price | 17.0 | ||||
| Number Of Employees | 1.9 K | ||||
| Beta | 0.94 | ||||
| Market Capitalization | 226.55 M | ||||
| Total Asset | 466.02 M | ||||
| Retained Earnings | 177.98 M | ||||
| Working Capital | (72.43 M) | ||||
| Current Asset | 211 M | ||||
| Current Liabilities | 117.8 M | ||||
| Annual Yield | 0.1 % | ||||
| Five Year Return | 2.93 % | ||||
| Net Asset | 466.02 M | ||||
| Last Dividend Paid | 0.26 |
About Tredegar Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tredegar's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tredegar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tredegar 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 Tredegar is a strong investment it is important to analyze Tredegar's 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 Tredegar's future performance. For an informed investment choice regarding Tredegar Stock, refer to the following important reports:Check out Tredegar Piotroski F Score and Tredegar Valuation analysis. For more detail on how to invest in Tredegar Stock please use our How to Invest in Tredegar guide.Note that the Tredegar information on this page should be used as a complementary analysis to other Tredegar's 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Tredegar Stock analysis
When running Tredegar's price analysis, check to measure Tredegar'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 Tredegar is operating at the current time. Most of Tredegar's value examination focuses on studying past and present price action to predict the probability of Tredegar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tredegar's price. Additionally, you may evaluate how the addition of Tredegar to your portfolios can decrease your overall portfolio volatility.
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Is Tredegar's 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 Tredegar. If investors know Tredegar 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 Tredegar 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 (0.83) | Dividend Share 0.26 | Earnings Share (3.10) | Revenue Per Share 20.649 | Quarterly Revenue Growth (0.10) |
The market value of Tredegar is measured differently than its book value, which is the value of Tredegar that is recorded on the company's balance sheet. Investors also form their own opinion of Tredegar's value that differs from its market value or its book value, called intrinsic value, which is Tredegar's 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 Tredegar's market value can be influenced by many factors that don't directly affect Tredegar's 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 Tredegar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tredegar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tredegar'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.