Okta Inc Z Score

OKTA
 Stock
  

USD 50.98  0.89  1.78%   

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 check Okta Inc Piotroski F Score and Okta Inc Valuation analysis.
  
Okta Inc Invested Capital is projected to increase significantly based on the last few years of reporting. The past year's Invested Capital was at 2.19 Billion. The current year Invested Capital Average is expected to grow to about 1.3 B, whereas Capital Expenditure is forecasted to decline to (18.8 M). Okta Inc Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 396.4 Million. The current year Cost of Revenue is expected to grow to about 197.8 M, whereas Consolidated Income is forecasted to decline to (193 M).

Okta Inc Z Score Analysis

Okta Inc'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 2021 2022 (projected)
Revenues USD586.07 M673.98 M727.19 M
Revenues586.07 M1.3 B1.4 B
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Okta Inc Z Score

    
  -0.3  
Most of Okta Inc'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, Okta Inc Cl 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 )

Okta Inc Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Okta Inc is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Okta Inc'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 Okta Inc'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 Okta Inc'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

Based on the company's disclosures, Okta Inc Cl has a Z Score of -0.3. This is 102.23% lower than that of the Technology sector and significantly lower than that of the Software—Infrastructure industry. The z score for all United States stocks is 103.44% higher than that of the company.

Okta Inc Z Score Peer Comparison

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

Okta Inc Current Valuation Drivers

We derive many important indicators used in calculating different scores of Okta Inc from analyzing Okta Inc's financial statements. These drivers represent accounts that assess Okta Inc's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Okta Inc's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(97.24 K)(80.39 K)(92.93 K)(94.66 K)(168.67 K)(181.99 K)
Revenue Per Employee221.08 K255.77 K260.71 K296.91 K258.49 K239.28 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(110.68 M)(104.74 M)(191.6 M)(197.02 M)(755.18 M)(775.06 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(70.06 M)(104.85 M)(111.62 M)(168.02 M)(151.22 M)(163.15 M)
Earnings before Tax(74.63 M)(110.17 M)(125.51 M)(210.33 M)(189.3 M)(194.28 M)
Free Cash Flow(53.84 M)(37.22 M)(6.75 M)36.27 M41.71 M45.01 M
Invested Capital(38.93 M)65.33 M499.5 M1.9 B2.19 B2.36 B
Tangible Asset Value118.85 M381.22 M952.33 M1.87 B2.16 B2.33 B
Working Capital(41.71 M)129.56 M135.01 M1.05 B1.21 B1.31 B

Okta Inc Institutional Holders

Institutional Holdings refers to the ownership stake in Okta Inc that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Okta Inc'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 Okta Inc's value.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares31.5 K7.5 M
Zweigdimenna Associates LlcCommon Shares45.7 K11.2 M
Zweigdimenna Associates LlcCommon Shares19.7 KM
Zweigdimenna Associates LlcCommon Shares24.3 K5.2 M
Zweigdimenna Associates LlcCommon Shares24.3 K4.9 M
Zweigdimenna Associates LlcCommon Shares139.4 K17 M
Zweigdimenna Associates LlcCommon Shares127.9 K14.8 M
Zurcher Kantonalbank Zurich CantonalbankDebt1.1 MM

Okta Inc Fundamentals

About Okta Inc Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Okta Inc Cl's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Okta Inc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Okta Inc Cl 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.
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. Okta Inc operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 5776 people.

Okta Inc Investors Sentiment

The influence of Okta Inc'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 Okta Inc. 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.
Investor biases related to Okta Inc's public news can be used to forecast risks associated with investment in Okta Inc. The trend in average sentiment can be used to explain how an investor holding Okta Inc can time the market purely based on public headlines and social activities around Okta Inc Cl. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Okta Inc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Okta Inc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Okta Inc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Okta Inc.

Okta Inc Implied Volatility

    
  163.02  
Okta Inc's implied volatility exposes the market's sentiment of Okta Inc Cl stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Okta Inc's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Okta Inc stock will not fluctuate a lot when Okta Inc's options are near their expiration.
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 Okta Inc 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, Okta Inc's short interest history, or implied volatility extrapolated from Okta Inc options trading.

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Please check Okta Inc Piotroski F Score and Okta Inc Valuation analysis. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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Is Okta Inc'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 Okta Inc. If investors know Okta Inc 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 Okta Inc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
B
Quarterly Revenue Growth YOY
0.43
Return On Assets
(0.05) 
Return On Equity
(0.16) 
The market value of Okta Inc Cl is measured differently than its book value, which is the value of Okta Inc that is recorded on the company's balance sheet. Investors also form their own opinion of Okta Inc's value that differs from its market value or its book value, called intrinsic value, which is Okta Inc'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 Okta Inc's market value can be influenced by many factors that don't directly affect Okta Inc'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 Okta Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Okta Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta Inc'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.