Astrotech Z Score

ASTC
 Stock
  

USD 0.49  0.01  2.08%   

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 Astrotech Corp Piotroski F Score and Astrotech Corp Valuation analysis.
  
Astrotech Corp Invested Capital Average is projected to decrease significantly based on the last few years of reporting. The past year's Invested Capital Average was at 6.24 Million. The current year Market Capitalization is expected to grow to about 81.7 M, whereas Capital Expenditure is forecasted to decline to (261.8 K). Astrotech Corp Cost of Revenue is projected to decrease significantly based on the last few years of reporting. The past year's Cost of Revenue was at 268,200. The current year Gross Profit is expected to grow to about 33.3 K, whereas Consolidated Income is forecasted to decline to (7.4 M).

Astrotech Z Score Analysis

Astrotech Corp'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..
 2019 2020 2021 2022 (projected)
Revenues USD488 K334 K300.6 K308.51 K
Revenues488 K334 K300.6 K308.51 K
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Astrotech Corp Z Score

    
  4.2  
Most of Astrotech Corp's 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, Astrotech Corp 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 )

Astrotech Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Astrotech Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Astrotech Corp'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 Astrotech Corp'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 Astrotech Corp's 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, Astrotech Corp has a Z Score of 4.2. This is 3.19% higher than that of the Industrials sector and 77.22% higher than that of the Aerospace & Defense industry. The z score for all United States stocks is 51.83% higher than that of the company.

Astrotech Z Score Peer Comparison

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

Astrotech Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Astrotech Corp from analyzing Astrotech Corp's financial statements. These drivers represent accounts that assess Astrotech Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Astrotech Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets10.48 M3.44 M5.56 M31.54 M28.39 M27.81 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(12.49 M)(8.15 M)(7.58 M)(7.17 M)(6.45 M)(6.96 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(12.49 M)(8.15 M)(7.58 M)(7.17 M)(6.45 M)(6.96 M)
Earnings before Tax(13.25 M)(8.39 M)(8.31 M)(7.6 M)(6.84 M)(7.38 M)
Average Equity9.23 M2.39 M1.2 M26.73 M24.05 M22.65 M
Enterprise Value12.12 M12.92 M20.35 M36.92 M33.22 M28.61 M
Free Cash Flow(10.8 M)(8.47 M)(6.93 M)(7.62 M)(6.86 M)(7.4 M)
Invested Capital3.63 M1.27 M2.23 M28.28 M25.45 M22.73 M
Invested Capital Average8.97 M582 K2.74 M6.93 M6.24 M6.41 M
Market Capitalization12.75 M14.44 M21.59 M65.82 M75.69 M81.67 M
Tangible Asset Value5.14 M3.69 M5.93 M65.63 M59.07 M63.73 M
Working Capital3.32 M1.88 M322 K60.9 M70.03 M75.56 M

Astrotech Fundamentals

About Astrotech Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Astrotech Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Astrotech Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Astrotech 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.
Astrotech Corporation operates as a science and technology development and commercialization company worldwide. Astrotech Corporation was incorporated in 1984 is based in Austin, Texas. Astrotech Corp operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 12 people.

Astrotech Corp Investors Sentiment

The influence of Astrotech Corp's 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 Astrotech. 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 markets does not have a solid backing from leading economists and market statisticians.
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 Astrotech Corp 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, Astrotech Corp's short interest history, or implied volatility extrapolated from Astrotech Corp options trading.

Pair Trading with Astrotech Corp

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 Astrotech Corp 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 Astrotech Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Astrotech Corp

0.73ACFNAcorn Energy Earnings Call  This WeekPairCorr
The ability to find closely correlated positions to Astrotech Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astrotech Corp 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 Astrotech Corp - 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 Astrotech Corp to buy it.
The correlation of Astrotech Corp 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 Astrotech Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astrotech Corp 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 Astrotech Corp 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 Astrotech Corp Piotroski F Score and Astrotech Corp Valuation analysis. Note that the Astrotech Corp information on this page should be used as a complementary analysis to other Astrotech Corp'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running Astrotech Corp price analysis, check to measure Astrotech Corp'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 Astrotech Corp is operating at the current time. Most of Astrotech Corp's value examination focuses on studying past and present price action to predict the probability of Astrotech Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Astrotech Corp's price. Additionally, you may evaluate how the addition of Astrotech Corp to your portfolios can decrease your overall portfolio volatility.
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Is Astrotech Corp'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 Astrotech Corp. If investors know Astrotech 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 Astrotech Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
24.2 M
Quarterly Revenue Growth YOY
0.8
Return On Assets
-0.11
Return On Equity
-0.19
The market value of Astrotech Corp is measured differently than its book value, which is the value of Astrotech that is recorded on the company's balance sheet. Investors also form their own opinion of Astrotech Corp's value that differs from its market value or its book value, called intrinsic value, which is Astrotech Corp'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 Astrotech Corp's market value can be influenced by many factors that don't directly affect Astrotech Corp'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 Astrotech Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Astrotech Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astrotech Corp'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.