Advanced Z Score

ADES
 Stock
  

USD 2.83  0.08  2.75%   

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 Advanced Emissions Piotroski F Score and Advanced Emissions Valuation analysis.
  
Advanced Emissions Return on Invested Capital is relatively stable at the moment as compared to the past year. Advanced Emissions reported last year Return on Invested Capital of 0.88. As of 12/03/2022, Market Capitalization is likely to grow to about 164.6 M, while Invested Capital is likely to drop slightly above 83.8 M. Advanced Emissions Operating Income is relatively stable at the moment as compared to the past year. Advanced Emissions reported last year Operating Income of 2.15 Million. As of 12/03/2022, Revenues is likely to grow to about 108.2 M, while Cost of Revenue is likely to drop slightly above 53.3 M.

Advanced Z Score Analysis

Advanced Emissions' 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..
 2021 2022 (projected)
Long Term Debt to Equity0.02140.0219
Interest Coverage2.122.21
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Advanced Emissions Z Score

    
  3.4  
Most of Advanced Emissions' 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, Advanced Emissions Solutions 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 )

Advanced Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Advanced Emissions is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Advanced Emissions' 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 Advanced Emissions' 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 Advanced Emissions' 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, Advanced Emissions Solutions has a Z Score of 3.4. This is 16.46% lower than that of the Chemicals sector and 29.61% lower than that of the Materials industry. The z score for all United States stocks is 61.01% higher than that of the company.

Advanced Z Score Peer Comparison

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

Advanced Emissions Current Valuation Drivers

We derive many important indicators used in calculating different scores of Advanced Emissions from analyzing Advanced Emissions' financial statements. These drivers represent accounts that assess Advanced Emissions' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Advanced Emissions' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee961.14 K276.98 K267.19 K(148.87 K)434.54 K407.38 K
Revenue Per Employee1.23 M187.07 K526.96 K451.54 K721.54 K823.03 K
Average Assets92.67 M102.63 M183.35 M148.96 M169.32 M149.23 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.85 M(5.92 M)(8.73 M)(34.18 M)14.01 M15.12 M
Earnings Before Interest Taxes and Depreciation Amortization USD55.84 M48.75 M62.08 M(1.33 M)85.5 M92.25 M
Earnings before Tax52.02 M45.88 M47.54 M(13.79 M)76.07 M82.08 M
Average Equity76.75 M76.37 M107.32 M87.61 M125.94 M135.88 M
Enterprise Value176.9 M178.2 M230.38 M116.83 M57.19 M58.69 M
Free Cash Flow(12.18 M)(10.36 M)49.69 M46.58 M19.3 M20.82 M
Invested Capital44.24 M169.66 M162.6 M95.12 M88.22 M83.76 M
Invested Capital Average48.69 M77.3 M178.93 M119.37 M88.39 M79.11 M
Market Capitalization203.72 M210.11 M195.18 M102.01 M124.89 M164.55 M
Tangible Asset Value81.81 M154.83 M169.63 M144.71 M185.44 M162.59 M
Working Capital30.01 M19.06 M7.74 M19.45 M85.75 M92.52 M

Advanced Emissions Institutional Holders

Institutional Holdings refers to the ownership stake in Advanced Emissions that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Advanced Emissions' 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 Advanced Emissions' value.
Security TypeSharesValue
Zebra Capital Management LlcCommon Shares20.1 K212 K
Zebra Capital Management LlcCommon Shares12.8 K190 K
Yakira Capital Management IncCommon Shares14.2 K130 K
Xtx Topco LtdCommon Shares11.4 K75 K
Xtx Topco LtdCommon Shares10.5 K78 K
Wilbanks Smith Thomas Asset Management LlcCommon Shares100.01000
Wexford Capital LpCommon Shares7.2 K39 K

Advanced Fundamentals

About Advanced Emissions Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Advanced Emissions Solutions's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advanced Emissions using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advanced Emissions Solutions 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.
Advanced Emissions Solutions, Inc., together with its subsidiaries, provides environmental technologies and specialty chemicals in the United States. Advanced Emissions Solutions, Inc. was founded in 1996 and is headquartered in Greenwood Village, Colorado. Advanced Emissions operates under Pollution Treatment Controls classification in the United States and is traded on NASDAQ Exchange. It employs 1 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 Advanced Emissions 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, Advanced Emissions' short interest history, or implied volatility extrapolated from Advanced Emissions options trading.

Pair Trading with Advanced Emissions

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 Advanced Emissions 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 Advanced Emissions will appreciate offsetting losses from the drop in the long position's value.

Moving together with Advanced Emissions

+0.7ACTGAcacia Research Aggressive PushPairCorr
The ability to find closely correlated positions to Advanced Emissions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Emissions 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 Advanced Emissions - 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 Advanced Emissions Solutions to buy it.
The correlation of Advanced Emissions 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 Advanced Emissions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Emissions 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 Advanced Emissions 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 Advanced Emissions Piotroski F Score and Advanced Emissions Valuation analysis. Note that the Advanced Emissions information on this page should be used as a complementary analysis to other Advanced Emissions' 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running Advanced Emissions price analysis, check to measure Advanced Emissions' 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 Advanced Emissions is operating at the current time. Most of Advanced Emissions' value examination focuses on studying past and present price action to predict the probability of Advanced Emissions' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Advanced Emissions' price. Additionally, you may evaluate how the addition of Advanced Emissions to your portfolios can decrease your overall portfolio volatility.
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Is Advanced Emissions' 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 Advanced Emissions. If investors know Advanced 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 Advanced Emissions 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
12.28
Market Capitalization
54.1 M
Quarterly Revenue Growth YOY
(0.08) 
Return On Assets
(0.0294) 
Return On Equity
5.0E-4
The market value of Advanced Emissions is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Emissions' value that differs from its market value or its book value, called intrinsic value, which is Advanced Emissions' 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 Advanced Emissions' market value can be influenced by many factors that don't directly affect Advanced Emissions' 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 Advanced Emissions' value and its price as these two are different measures arrived at by different means. Investors typically determine Advanced Emissions value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Emissions' 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.