Atmos Z Score
ATO  Stock  USD 115.38 0.91 0.80% 
Atmos  Z Score 
Atmos Z Score Analysis
Atmos Energy's 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)  
Revenue Per Employee  599.37 K  727.47 K  836.6 K  885.26 K 
Net Income Per Employee  127.78 K  142.09 K  127.88 K  101.54 K 
Z Score  =  Sum Of   5 Factors 
Current Atmos Energy Z Score  0.6 
Most of Atmos Energy'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, Atmos Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

Atmos Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Atmos Energy is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Atmos Energy'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 Atmos Energy'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 Atmos Energy's 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, Atmos Energy Corp has a Z Score of 0.6. This is 82.2% lower than that of the Utilities sector and significantly higher than that of the Utilitiesâ€”Regulated Gas industry. The z score for all United States stocks is 93.12% higher than that of the company.
Atmos Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Atmos Energy'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 Atmos Energy could also be used in its relative valuation, which is a method of valuing Atmos Energy by comparing valuation metrics of similar companies.Atmos Energy is currently under evaluation in z score category among related companies.
Atmos Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Atmos Energy from analyzing Atmos Energy's financial statements. These drivers represent accounts that assess Atmos Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Atmos Energy's important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  130.31 K  107.08 K  127.78 K  142.09 K  127.88 K  101.54 K  
Revenue Per Employee  673.2 K  607.59 K  599.37 K  727.47 K  836.6 K  885.26 K  
Average Assets  11.5 B  12.88 B  14.83 B  18.7 B  21.51 B  17.54 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  1.08 B  1.14 B  1.26 B  1.38 B  1.59 B  1.4 B  
Earnings Before Interest Taxes and Depreciation Amortization USD  1.08 B  1.14 B  1.26 B  1.38 B  1.59 B  1.4 B  
Earnings before Tax  611.14 M  650.31 M  746.8 M  819.3 M  942.19 M  811.09 M  
Average Equity  4.7 B  5.56 B  6.42 B  7.68 B  8.83 B  7.01 B  
Enterprise Value  13.74 B  17.14 B  16.11 B  18.34 B  21.09 B  17.47 B  
Free Cash Flow  (342.93 M)  (724.71 M)  (897.68 M)  (3.05 B)  (2.75 B)  (2.82 B)  
Invested Capital  12.86 B  15.4 B  18.36 B  22.58 B  25.97 B  20.87 B  
Invested Capital Average  12.7 B  14.71 B  17.58 B  22.69 B  26.1 B  20.75 B  
Market Capitalization  10.44 B  13.46 B  11.79 B  11.54 B  13.27 B  11.43 B  
Tangible Asset Value  11.14 B  12.64 B  14.63 B  18.88 B  21.71 B  17.39 B  
Working Capital  (1.44 B)  (751.41 M)  (311.14 M)  (671.64 M)  (604.48 M)  (652.2 M) 
Atmos Energy ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower socialengagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Atmos Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Atmos Energy's managers, analysts, and investors.Environment Score  Governance Score  Social Score 
Atmos Fundamentals
Return On Equity  8.63 %  
Return On Asset  2.70 %  
Profit Margin  18.91 %  
Operating Margin  36.04 %  
Current Valuation  24.14 B  
Shares Outstanding  132.71 M  
Shares Owned by Insiders  0.80 %  
Shares Owned by Institutions  91.88 %  
Number of Shares Shorted  6.05 M  
Price to Earning  22.24 X  
Price to Book  1.91 X  
Price to Sales  3.94 X  
Revenue  3.84 B  
Gross Profit  1.7 B  
EBITDA  1.38 B  
Net Income  724.84 M  
Cash and Equivalents  692.38 M  
Cash per Share  4.98 X  
Total Debt  7.96 B  
Debt to Equity  0.89 %  
Current Ratio  1.10 X  
Book Value Per Share  59.71 X  
Cash Flow from Operations  958.48 M  
Short Ratio  7.55 X  
Earnings Per Share  5.12 X  
Price to Earnings To Growth  2.69 X  
Number of Employees  4.68 K  
Beta  0.48  
Market Capitalization  15.11 B  
Total Asset  10.01 B  
Retained Earnings  2.67 B  
Working Capital  (1.11 B)  
Current Asset  681.69 M  
Current Liabilities  1.79 B  
Z Score  0.6  
Five Year Return  2.23 %  
Last Dividend Paid  2.72 
About Atmos Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Atmos Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Atmos Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Atmos Energy 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.Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas. Atmos Energy operates under UtilitiesRegulated Gas classification in the United States and is traded on New York Stock Exchange. It employs 4684 people.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Atmos Energy without increasing your portfolio risk or giving up 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 Atmos Energy
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 Atmos Energy 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 Atmos Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Atmos Energy
0.67  AQN  Algonquin Pwr Util  Earnings Call Today  PairCorr 
The ability to find closely correlated positions to Atmos Energy could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Atmos Energy 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 Atmos Energy  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 Atmos Energy Corp to buy it.
The correlation of Atmos Energy 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 Atmos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmos Energy 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 Atmos Energy 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 Atmos Energy Piotroski F Score and Atmos Energy Valuation analysis. Note that the Atmos Energy Corp information on this page should be used as a complementary analysis to other Atmos Energy'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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When running Atmos Energy Corp price analysis, check to measure Atmos Energy'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 Atmos Energy is operating at the current time. Most of Atmos Energy's value examination focuses on studying past and present price action to predict the probability of Atmos Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Atmos Energy's price. Additionally, you may evaluate how the addition of Atmos Energy to your portfolios can decrease your overall portfolio volatility.
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Is Atmos Energy'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 Atmos Energy. If investors know Atmos 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 Atmos Energy 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 0.18  Market Capitalization 15.9 B  Quarterly Revenue Growth YOY 0.35  Return On Assets 0.0279  Return On Equity 0.0882 
The market value of Atmos Energy Corp is measured differently than its book value, which is the value of Atmos that is recorded on the company's balance sheet. Investors also form their own opinion of Atmos Energy's value that differs from its market value or its book value, called intrinsic value, which is Atmos Energy'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 Atmos Energy's market value can be influenced by many factors that don't directly affect Atmos Energy'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 Atmos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Atmos Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmos Energy'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.