Astronics Z Score
ATRO  Stock  USD 9.13 0.03 0.33% 
Astronics  Z Score 
Astronics Z Score Analysis
Astronics' ZScore is a simple linear, multifactor 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)  
Enterprise Value  1.02 B  568.38 M  551.87 M  831.7 M 
Average Equity  438.9 M  291.6 M  255.85 M  284.21 M 
Z Score  =  Sum Of   5 Factors 
Current Astronics Z Score  0.6 
Most of Astronics' 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, Astronics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

Astronics Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Astronics is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Astronics' 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 Astronics' 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 Astronics' interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate ZScore 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. ZScore 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 ZScores 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 socalled '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, Astronics has a Z Score of 0.6. This is 85.26% lower than that of the Aerospace & Defense sector and 74.68% lower than that of the Industrials industry. The z score for all United States stocks is 93.12% higher than that of the company.
Astronics Current Valuation Drivers
We derive many important indicators used in calculating different scores of Astronics from analyzing Astronics' financial statements. These drivers represent accounts that assess Astronics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Astronics' important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  7.87 K  17.33 K  18.58 K  (52.48 K)  (12.18 K)  (12.5 K)  
Revenue Per Employee  249.79 K  297.5 K  275.96 K  227.82 K  211.86 K  216.84 K  
Average Assets  651.92 M  770.67 M  777.12 M  691.44 M  606.97 M  636.3 M  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  44.46 M  76.99 M  88.14 M  (92.37 M)  (7.46 M)  (7.65 M)  
Earnings Before Interest Taxes and Depreciation Amortization USD  57.42 M  97.02 M  111.7 M  (69.31 M)  14.05 M  14.42 M  
Earnings before Tax  24.99 M  52.28 M  68.3 M  (112.41 M)  (26.96 M)  (27.67 M)  
Average Equity  340.27 M  361.35 M  438.9 M  291.6 M  255.85 M  284.21 M  
Enterprise Value  1.32 B  1.24 B  1.02 B  568.38 M  551.87 M  831.7 M  
Free Cash Flow  24.3 M  38.56 M  30.61 M  29.88 M  (11.56 M)  (11.87 M)  
Invested Capital  607.78 M  605.57 M  571.69 M  512.06 M  489.96 M  505.43 M  
Invested Capital Average  507.42 M  630.59 M  525.68 M  566.01 M  507.52 M  511.47 M  
Market Capitalization  1.16 B  983.99 M  862.9 M  407.49 M  377.52 M  530.92 M  
Tangible Asset Value  456.82 M  516.3 M  510.45 M  451.58 M  456.54 M  458.23 M  
Working Capital  212.44 M  246.08 M  222.44 M  223.21 M  221.25 M  212.29 M 
Astronics Institutional Holders
Institutional Holdings refers to the ownership stake in Astronics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Astronics' 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 highprofile magazines, and presentations at investor conferences help move the stock higher, increasing Astronics' value.Security Type  Shares  Value  
Zwj Investment Counsel Inc  Common Shares  120.7 K  5 M  
Zwj Investment Counsel Inc  Common Shares  126.8 K  3.8 M  
Zwj Investment Counsel Inc  Common Shares  127.7 K  3.9 M  
Zwj Investment Counsel Inc  Common Shares  127.9 K  4.1 M  
Zwj Investment Counsel Inc  Common Shares  149.9 K  5.1 M  
Zwj Investment Counsel Inc  Common Shares  144.5 K  6.5 M  
Zwj Investment Counsel Inc  Common Shares  146.1 K  4.9 M 
Astronics Fundamentals
Return On Equity  (0.11) %  
Return On Asset  (0.0441) %  
Profit Margin  (0.06) %  
Operating Margin  (0.09) %  
Current Valuation  463.18 M  
Shares Outstanding  25.85 M  
Shares Owned by Insiders  1.95 %  
Shares Owned by Institutions  72.25 %  
Number of Shares Shorted  388.45 K  
Price to Earning  8.47 X  
Price to Book  1.08 X  
Price to Sales  0.60 X  
Revenue  444.91 M  
Gross Profit  54.9 M  
EBITDA  8.85 M  
Net Income  (25.58 M)  
Cash and Equivalents  10.68 M  
Cash per Share  0.33 X  
Total Debt  163 M  
Debt to Equity  0.61 %  
Current Ratio  2.60 X  
Book Value Per Share  7.37 X  
Cash Flow from Operations  (5.53 M)  
Short Ratio  3.57 X  
Earnings Per Share  (0.54) X  
Price to Earnings To Growth  1.46 X  
Target Price  11.13  
Number of Employees  2.1 K  
Beta  1.72  
Market Capitalization  293.5 M  
Total Asset  609.14 M  
Retained Earnings  347.99 M  
Working Capital  145.74 M  
Current Asset  249.97 M  
Current Liabilities  104.23 M  
Z Score  0.6  
Five Year Return  1.15 %  
Net Asset  609.14 M 
About Astronics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Astronics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Astronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Astronics 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.Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company was incorporated in 1968 and is headquartered in East Aurora, New York. Astronics operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 2100 people.
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Our tools can tell you how much better you can do entering a position in Astronics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate riskadjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair Trading with Astronics
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 Astronics 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 Astronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Astronics could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Astronics 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 Astronics  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 Astronics to buy it.
The correlation of Astronics 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 Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics 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 Astronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.Please continue to Astronics Piotroski F Score and Astronics Valuation analysis. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.
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When running Astronics price analysis, check to measure Astronics' 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 Astronics is operating at the current time. Most of Astronics' value examination focuses on studying past and present price action to predict the probability of Astronics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Astronics' price. Additionally, you may evaluate how the addition of Astronics to your portfolios can decrease your overall portfolio volatility.
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Is Astronics' 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 Astronics. If investors know Astronics 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 Astronics 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 YOY (0.93)  Market Capitalization 293.5 M  Quarterly Revenue Growth YOY 0.18  Return On Assets (0.0441)  Return On Equity (0.11) 
The market value of Astronics is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' 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 Astronics' market value can be influenced by many factors that don't directly affect Astronics' 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 Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine Astronics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' 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.