Harmonic Stock Probability Of Bankruptcy

HLIT Stock

USD 12.56 0.08 0.64%

Harmonic's odds of distress is below 1% at this time. The company is very unlikely to encounter any financial crunch in the next two years. Probability of financial unrest prediction helps decision makers evaluate Harmonic's chance of financial distress in relation to its going-concern outlook and evaluation. All items used in analyzing the odds of distress are taken from the Harmonic balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Harmonic Piotroski F Score and Harmonic Altman Z Score analysis.

For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.

Market Cap is likely to gain to about 320.9 M in 2024, whereas Enterprise Value is likely to drop slightly above 255.6 M in 2024.

Harmonic Company probability of financial unrest Analysis

Harmonic'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 Harmonic Probability Of Bankruptcy

Less than 1%

Most of Harmonic'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, Harmonic is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Our calculation of Harmonic 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 Harmonic 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 Harmonic financial health.

Is Communications Equipment space 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 Harmonic. If investors know Harmonic 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 Harmonic 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

13.465

Earnings Share

0.73

Revenue Per Share

5.469

Quarterly Revenue Growth

0.539

Return On Assets

0.0459

The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic'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 Harmonic's market value can be influenced by many factors that don't directly affect Harmonic'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 Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic'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.

Harmonic Probability Of Bankruptcy Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Good Will	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.76	0.02	-0.8	0.65	0.7	0.61	0.9	0.3	0.33	-0.08	0.37	0.21	-0.23	0.02	0.86	0.04	0.1	0.09	-0.26	0.25	0.14	0.39	0.18	0.35
Total Stockholder Equity	0.76		-0.58	-0.45	0.13	0.49	-0.05	0.9	0.04	0.68	0.5	0.67	0.04	-0.65	-0.45	0.59	0.62	0.13	-0.11	0.39	0.02	0.3	0.04	-0.21	0.0
Net Debt	0.02	-0.58		-0.29	0.5	0.33	0.74	-0.29	0.53	-0.63	-0.91	-0.61	0.35	0.68	0.56	0.09	-0.91	-0.41	0.33	-0.96	0.42	-0.24	0.56	0.51	0.57
Retained Earnings	-0.8	-0.45	-0.29		-0.55	-0.67	-0.68	-0.61	-0.23	-0.07	0.43	-0.01	0.0	0.19	-0.36	-0.91	0.36	0.23	-0.24	0.5	-0.23	0.11	-0.26	-0.31	-0.27
Accounts Payable	0.65	0.13	0.5	-0.55		0.51	0.84	0.48	0.52	-0.15	-0.49	-0.08	0.44	0.38	0.21	0.51	-0.36	0.12	0.14	-0.63	0.4	-0.03	0.52	0.35	0.58
Net Receivables	0.7	0.49	0.33	-0.67	0.51		0.48	0.65	0.75	0.04	-0.35	0.11	0.58	-0.07	-0.16	0.5	-0.12	-0.57	0.2	-0.42	0.64	0.28	0.71	0.3	0.71
Total Liab	0.61	-0.05	0.74	-0.68	0.84	0.48		0.29	0.42	-0.31	-0.74	-0.26	0.27	0.44	0.59	0.6	-0.7	0.0	0.27	-0.88	0.35	-0.15	0.54	0.54	0.54
Total Current Assets	0.9	0.9	-0.29	-0.61	0.48	0.65	0.29		0.28	0.46	0.24	0.55	0.27	-0.41	-0.28	0.67	0.41	0.1	-0.09	0.08	0.29	0.36	0.28	0.02	0.3
Short Term Debt	0.3	0.04	0.53	-0.23	0.52	0.75	0.42	0.28		-0.41	-0.46	-0.24	0.86	0.42	-0.27	0.05	-0.18	-0.56	0.15	-0.5	0.85	0.48	0.89	0.27	0.96
Intangible Assets	0.33	0.68	-0.63	-0.07	-0.15	0.04	-0.31	0.46	-0.41		0.68	0.89	-0.3	-0.53	-0.32	0.24	0.57	0.39	-0.21	0.54	-0.48	-0.12	-0.48	-0.44	-0.49
Short Term Investments	-0.08	0.5	-0.91	0.43	-0.49	-0.35	-0.74	0.24	-0.46	0.68		0.69	-0.24	-0.56	-0.61	-0.17	0.92	0.45	-0.42	0.91	-0.44	0.2	-0.52	-0.52	-0.52
Common Stock	0.37	0.67	-0.61	-0.01	-0.08	0.11	-0.26	0.55	-0.24	0.89	0.69		-0.09	-0.44	-0.39	0.19	0.64	0.4	-0.33	0.52	-0.29	0.12	-0.28	-0.28	-0.28
Property Plant Equipment	0.21	0.04	0.35	0.0	0.44	0.58	0.27	0.27	0.86	-0.3	-0.24	-0.09		0.48	-0.3	-0.13	0.03	-0.37	0.08	-0.3	0.64	0.68	0.82	0.42	0.89
Current Deferred Revenue	-0.23	-0.65	0.68	0.19	0.38	-0.07	0.44	-0.41	0.42	-0.53	-0.56	-0.44	0.48		0.29	-0.28	-0.54	0.01	0.33	-0.57	0.19	0.08	0.36	0.3	0.48
Long Term Debt	0.02	-0.45	0.56	-0.36	0.21	-0.16	0.59	-0.28	-0.27	-0.32	-0.61	-0.39	-0.3	0.29		0.28	-0.78	0.06	0.17	-0.64	-0.18	-0.45	-0.1	0.51	-0.13
Good Will	0.86	0.59	0.09	-0.91	0.51	0.5	0.6	0.67	0.05	0.24	-0.17	0.19	-0.13	-0.28	0.28		-0.19	0.07	0.19	-0.33	0.0	-0.17	0.13	0.17	0.09
Net Tangible Assets	0.04	0.62	-0.91	0.36	-0.36	-0.12	-0.7	0.41	-0.18	0.57	0.92	0.64	0.03	-0.54	-0.78	-0.19		0.29	-0.36	0.9	-0.15	0.48	-0.27	-0.46	-0.24
Capital Surpluse	0.1	0.13	-0.41	0.23	0.12	-0.57	0.0	0.1	-0.56	0.39	0.45	0.4	-0.37	0.01	0.06	0.07	0.29		-0.23	0.32	-0.59	-0.14	-0.45	-0.18	-0.46
Deferred Long Term Liab	0.09	-0.11	0.33	-0.24	0.14	0.2	0.27	-0.09	0.15	-0.21	-0.42	-0.33	0.08	0.33	0.17	0.19	-0.36	-0.23		-0.3	0.0	-0.13	0.15	0.1	0.16
Long Term Investments	-0.26	0.39	-0.96	0.5	-0.63	-0.42	-0.88	0.08	-0.5	0.54	0.91	0.52	-0.3	-0.57	-0.64	-0.33	0.9	0.32	-0.3		-0.4	0.24	-0.58	-0.58	-0.57
Short Long Term Debt	0.25	0.02	0.42	-0.23	0.4	0.64	0.35	0.29	0.85	-0.48	-0.44	-0.29	0.64	0.19	-0.18	0.0	-0.15	-0.59	0.0	-0.4		0.42	0.76	0.15	0.8
Long Term Debt Total	0.14	0.3	-0.24	0.11	-0.03	0.28	-0.15	0.36	0.48	-0.12	0.2	0.12	0.68	0.08	-0.45	-0.17	0.48	-0.14	-0.13	0.24	0.42		0.46	0.24	0.55
Net Invested Capital	0.39	0.04	0.56	-0.26	0.52	0.71	0.54	0.28	0.89	-0.48	-0.52	-0.28	0.82	0.36	-0.1	0.13	-0.27	-0.45	0.15	-0.58	0.76	0.46		0.52	0.94
Net Working Capital	0.18	-0.21	0.51	-0.31	0.35	0.3	0.54	0.02	0.27	-0.44	-0.52	-0.28	0.42	0.3	0.51	0.17	-0.46	-0.18	0.1	-0.58	0.15	0.24	0.52		0.49
Capital Stock	0.35	0.0	0.57	-0.27	0.58	0.71	0.54	0.3	0.96	-0.49	-0.52	-0.28	0.89	0.48	-0.13	0.09	-0.24	-0.46	0.16	-0.57	0.8	0.55	0.94	0.49

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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

Predict Harmonic

Based on the latest financial disclosure, Harmonic has a Probability Of Bankruptcy of 1.0%. This is 97.53% lower than that of the Communications Equipment sector and 97.57% lower than that of the Information Technology industry. The probability of bankruptcy for all United States stocks is 97.49% higher than that of the company.

Harmonic Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Harmonic'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 Harmonic could also be used in its relative valuation, which is a method of valuing Harmonic by comparing valuation metrics of similar companies.

Harmonic is currently under evaluation in probability of bankruptcy category among its peers.

Harmonic Main Bankruptcy Drivers

	2019	2020	2021	2022	2023	2024 (projected)
Return On Assets	(0.0412)	(0.0101)	(0.0495)	0.0191	0.0397	0.11
Asset Turnover	0.71	0.79	0.69	0.64	0.88	0.92
Net Debt	56.2M	52.7M	56.8M	71.2M	71.8M	75.4M
Total Current Liabilities	148.5M	147.3M	224.5M	322.1M	272.4M	286.0M
Non Current Liabilities Total	183.9M	185.9M	172.4M	63.4M	58.9M	71.7M
Total Assets	587.3M	591.5M	693.7M	710.0M	768.2M	475.5M
Total Current Assets	251.4M	238.0M	323.1M	347.7M	330.7M	266.8M
Total Cash From Operating Activities	31.3M	39.2M	41.0M	5.5M	7.1M	5.0M

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

Environmental

Governance

Social

Harmonic Fundamentals

	Return On Equity	0.22
	Return On Asset	0.0459
	Profit Margin	0.14 %
	Operating Margin	0.20 %
	Current Valuation	1.56 B
	Shares Outstanding	116.53 M
	Shares Owned By Insiders	2.34 %
	Shares Owned By Institutions	95.39 %
	Number Of Shares Shorted	3.92 M
	Price To Earning	40.24 X
	Price To Book	3.41 X
	Price To Sales	2.35 X
	Revenue	607.91 M
	Gross Profit	316.42 M
	EBITDA	22.17 M
	Net Income	83.99 M
	Cash And Equivalents	121.82 M
	Cash Per Share	1.16 X
	Total Debt	156.05 M
	Debt To Equity	0.67 %
	Current Ratio	1.52 X
	Book Value Per Share	3.68 X
	Cash Flow From Operations	7.06 M
	Short Ratio	2.78 X
	Earnings Per Share	0.73 X
	Price To Earnings To Growth	(0.21) X
	Target Price	14.93
	Number Of Employees	1.24 K
	Beta	0.89
	Market Capitalization	1.46 B
	Total Asset	768.21 M
	Retained Earnings	(1.96 B)
	Working Capital	58.34 M
	Current Asset	286.13 M
	Current Liabilities	84.88 M
	Net Asset	768.21 M

About Harmonic Fundamental Analysis

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

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

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Harmonic Stock Probability Of Bankruptcy

Harmonic Company probability of financial unrest Analysis

Probability Of Bankruptcy

Normalized

Z-Score

Current Harmonic Probability Of Bankruptcy

Harmonic Probability Of Bankruptcy Driver Correlations

Harmonic Probability Of Bankruptcy Peer Comparison

Harmonic Main Bankruptcy Drivers

Harmonic ESG Sustainability

Harmonic Fundamentals

About Harmonic Fundamental Analysis

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Harmonic Stock Analysis

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