Astronics Z Score
ATRO   USA Stock  USD 10.15 0.36 3.43% 
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 Cp 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 Cp has a Z Score of 0.6. This is 85.26% lower than that of the Industrials sector and 74.68% lower than that of the Aerospace & Defense industry. The z score for all United States stocks is 93.12% higher than that of the company.
Astronics Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Astronics' 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 Astronics could also be used in its relative valuation, which is a method of valuing Astronics by comparing valuation metrics of similar companies.Astronics is currently under evaluation in z score category among related companies.
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)  (60.36 K)  (61.94 K)  
Revenue Per Employee  249.79 K  297.5 K  275.96 K  227.82 K  205.04 K  214.71 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  57.42 M  97.02 M  111.7 M  (69.31 M)  14.05 M  14.42 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  
Next Century Growth Investors Llc  Common Shares  2.2 M  28.3 M  
Blackrock Inc  Common Shares  2.1 M  27.4 M  
Royce Associates Lp  Common Shares  1.6 M  20.7 M  
Bares Capital Management Inc  Common Shares  1.5 M  18.9 M  
325 Capital Llc  Common Shares  1.4 M  18 M  
Vanguard Group Inc  Common Shares  1.1 M  14.2 M  
Dimensional Fund Advisors Lp  Common Shares  727.7 K  9.4 M 
Astronics Fundamentals
Return On Equity  (9.71) %  
Return On Asset  (4.08) %  
Profit Margin  (5.75) %  
Operating Margin  (9.01) %  
Current Valuation  457.56 M  
Shares Outstanding  25.08 M  
Shares Owned by Insiders  3.84 %  
Shares Owned by Institutions  73.38 %  
Number of Shares Shorted  407.74 K  
Price to Earning  8.47 X  
Price to Book  1.35 X  
Price to Sales  0.75 X  
Revenue  444.91 M  
Gross Profit  54.9 M  
EBITDA  (11.06 M)  
Net Income  (25.58 M)  
Cash and Equivalents  29.76 M  
Cash per Share  0.94 X  
Total Debt  181.87 M  
Debt to Equity  0.71 %  
Current Ratio  2.87 X  
Book Value Per Share  8.00 X  
Cash Flow from Operations  (5.53 M)  
Short Ratio  3.63 X  
Earnings Per Share  (1.53) X  
Price to Earnings To Growth  1.68 X  
Number of Employees  2.1 K  
Beta  1.76  
Market Capitalization  335.48 M  
Total Asset  609.24 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 %  
Last Dividend Paid  1.67 
About Astronics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Astronics Cp'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 Cp 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.
Astronics Investors Sentiment
The influence of Astronics' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in Astronics. The overall investor sentiment generally increases the direction of a stock movement in a oneyear 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.Astronics Implied Volatility  295.74 
Astronics' implied volatility exposes the market's sentiment of Astronics Cp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Astronics' 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 Astronics stock will not fluctuate a lot when Astronics' 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 Astronics 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, Astronics' short interest history, or implied volatility extrapolated from Astronics options trading.
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.Astronics Pair Correlation
Correlation Analysis For Direct Indexing and Taxloss Harvesting
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 Cp 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 Cp 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. Note that the Astronics Cp information on this page should be used as a complementary analysis to other Astronics' 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 Portfolio Rebalancing module to analyze riskadjusted returns against different time horizons to find assetallocation targets.
Complementary Tools for Astronics Stock analysis
When running Astronics Cp 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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The market value of Astronics Cp 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.