Air Industries Z Score

AIRI
 Stock
  

USD 0.72  0.01  1.41%   

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. Please continue to Air Industries Piotroski F Score and Air Industries Valuation analysis.
  
Air Industries Invested Capital Average is most likely to increase significantly in the upcoming years. The last year's value of Invested Capital Average was reported at 58.3 Million. The current Market Capitalization is estimated to increase to about 36.8 M, while Capital Expenditure is projected to decrease to (1.5 M). Air Industries Interest Expense is most likely to increase significantly in the upcoming years. The last year's value of Interest Expense was reported at 1.26 Million. The current Net Income is estimated to increase to about 1.8 M, while Cost of Revenue is projected to decrease to roughly 45.6 M.

Air Industries Z Score Analysis

Air Industries' 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..
 2019 2020 2021 2022 (projected)
Interest Expense3.56 M1.49 M1.26 M1.96 M
Gross Profit9.14 M6.51 M10.25 M9.72 M
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 )

Air Industries Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Air Industries is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Air Industries' 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 Air Industries' 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 Air Industries' interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score 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 high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Air Industries Group has a Z Score of 0.0. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Aerospace & Defense industry. The z score for all United States stocks is 100.0% higher than that of the company.

Air Industries Z Score Peer Comparison

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

Air Industries Current Valuation Drivers

We derive many important indicators used in calculating different scores of Air Industries from analyzing Air Industries' financial statements. These drivers represent accounts that assess Air Industries' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Air Industries' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets71.63 M59.19 M51.61 M56.33 M55.14 M55.2 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(15.55 M)(3.53 M)4.34 M4.23 M6.19 M6.68 M
Earnings Before Interest Taxes and Depreciation Amortization USD(15.55 M)(3.53 M)4.34 M4.23 M6.19 M6.68 M
Earnings before Tax(22.75 M)(10.99 M)(2.69 M)(316 K)1.63 M1.76 M
Average Equity24.32 M16.17 M10.47 M12.84 M15.93 M16.74 M
Enterprise Value69.66 M48.93 M95.43 M71.73 M56.86 M68.12 M
Free Cash Flow(6.49 M)(4.12 M)(1.65 M)(5.32 M)2.7 M2.91 M
Invested Capital46.46 M41.64 M47.89 M59.68 M56.52 M58.11 M
Invested Capital Average49.44 M47.51 M47.74 M57.14 M58.3 M59.95 M
Market Capitalization39.35 M19.84 M66.71 M39.03 M29.14 M36.84 M
Tangible Asset Value58.3 M47.59 M50.93 M57.61 M53.26 M59.33 M
Working Capital9.53 M9.04 M5.62 M16.28 M17.48 M15.35 M

Air Industries Fundamentals

About Air Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Air Industries Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Air Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Air Industries Group 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.
Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Air Industries Group was founded in 1979 and is headquartered in Bay Shore, New York. Air Industries operates under Aerospace Defense classification in the United States and is traded on NYSEMKT Exchange. It employs 197 people.
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 Air Industries 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, Air Industries' short interest history, or implied volatility extrapolated from Air Industries options trading.

Pair Trading with Air Industries

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 Air Industries 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 Air Industries will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Air Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Industries 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 Air Industries - 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 Air Industries Group to buy it.
The correlation of Air Industries is a statistical measure of how it moves in relation to other equities. 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 Air Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Industries Group 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 Air Industries 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
Please continue to Air Industries Piotroski F Score and Air Industries Valuation analysis. Note that the Air Industries Group information on this page should be used as a complementary analysis to other Air Industries' 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for Air Industries Stock analysis

When running Air Industries Group price analysis, check to measure Air Industries' 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 Air Industries is operating at the current time. Most of Air Industries' value examination focuses on studying past and present price action to predict the probability of Air Industries' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Air Industries' price. Additionally, you may evaluate how the addition of Air Industries to your portfolios can decrease your overall portfolio volatility.
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Is Air Industries' 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 Air Industries. If investors know Air Industries 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 Air Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Air Industries Group is measured differently than its book value, which is the value of Air Industries that is recorded on the company's balance sheet. Investors also form their own opinion of Air Industries' value that differs from its market value or its book value, called intrinsic value, which is Air Industries' 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 Air Industries' market value can be influenced by many factors that don't directly affect Air Industries' 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 Air Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine Air Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Industries' 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.