Cadiz Z Score
CDZI  Stock  USD 2.06 0.05 2.37% 
Cadiz  Z Score 
Cadiz Z Score Analysis
Cadiz'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)  
Revenues USD  441 K  541 K  564 K  494.24 K 
Revenues  441 K  541 K  564 K  595 K 
Z Score  =  Sum Of   5 Factors 
Current Cadiz Z Score  12.0 
Most of Cadiz'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, Cadiz Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

Cadiz Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Cadiz is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Cadiz'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 Cadiz'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 Cadiz'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, Cadiz Inc has a Z Score of 12.0. This is 456.08% lower than that of the Water Utilities sector and significantly lower than that of the Utilities industry. The z score for all United States stocks is notably higher than that of the company.
Cadiz Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cadiz'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 Cadiz could also be used in its relative valuation, which is a method of valuing Cadiz by comparing valuation metrics of similar companies.Cadiz is currently under evaluation in z score category among related companies.
Cadiz Current Valuation Drivers
We derive many important indicators used in calculating different scores of Cadiz from analyzing Cadiz's financial statements. These drivers represent accounts that assess Cadiz's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Cadiz's important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  (3.39 M)  (2.92 M)  (3.28 M)  (3.77 M)  (3.12 M)  (3.37 M)  
Revenue Per Employee  43.7 K  48.89 K  49 K  53.95 K  56.4 K  59.73 K  
Average Assets  67.4 M  69.8 M  75.42 M  73.19 M  105.95 M  94.59 M  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  (15.87 M)  (10.96 M)  (11.92 M)  (23.73 M)  (18.49 M)  (19.95 M)  
Earnings Before Interest Taxes and Depreciation Amortization USD  (15.82 M)  (10.74 M)  (12.19 M)  (25.9 M)  (19.41 M)  (20.95 M)  
Earnings before Tax  (33.86 M)  (26.27 M)  (29.52 M)  (37.81 M)  (31.24 M)  (33.71 M)  
Average Equity  (70.83 M)  (80.75 M)  (82.49 M)  (22.92 M)  17.4 M  18.78 M  
Enterprise Value  444.2 M  382.32 M  439.14 M  463.13 M  216.19 M  289.34 M  
Free Cash Flow  (11.47 M)  (13.92 M)  (15.31 M)  (19.16 M)  (38.18 M)  (39.19 M)  
Invested Capital  168.35 M  199.51 M  205.73 M  155.97 M  162.63 M  174.36 M  
Invested Capital Average  169.59 M  193.26 M  205.12 M  149.56 M  168.56 M  174.82 M  
Market Capitalization  324.93 M  252.53 M  297.59 M  378.54 M  168.51 M  210.1 M  
Tangible Asset Value  62.69 M  65.5 M  72.91 M  70.55 M  108.68 M  95.11 M  
Working Capital  6.99 M  8.86 M  11.31 M  4.9 M  10.7 M  10.34 M 
Cadiz Fundamentals
Return On Equity  (0.60) %  
Return On Asset  (0.09) %  
Operating Margin  (14.44) %  
Current Valuation  179.6 M  
Shares Outstanding  55.82 M  
Shares Owned by Insiders  40.48 %  
Shares Owned by Institutions  18.56 %  
Number of Shares Shorted  670.3 K  
Price to Earning  (8.12) X  
Price to Book  3.69 X  
Price to Sales  107.57 X  
Revenue  564 K  
Gross Profit  564 K  
EBITDA  (21.21 M)  
Net Income  (31.25 M)  
Cash and Equivalents  6.96 M  
Cash per Share  0.12 X  
Total Debt  46.48 M  
Debt to Equity  2.15 %  
Current Ratio  3.57 X  
Book Value Per Share  0.63 X  
Cash Flow from Operations  (15.27 M)  
Short Ratio  4.65 X  
Earnings Per Share  (0.83) X  
Target Price  15.0  
Number of Employees  10  
Beta  0.63  
Market Capitalization  115 M  
Total Asset  112.49 M  
Retained Earnings  (541.2 M)  
Working Capital  1.16 M  
Current Asset  3.19 M  
Current Liabilities  2.02 M  
Z Score  12.0  
Net Asset  112.49 M 
About Cadiz Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cadiz Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cadiz using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cadiz Inc 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.Cadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States. Cadiz Inc. was founded in 1983 and is headquartered in Los Angeles, California. Cadiz operates under UtilitiesRegulated Water classification in the United States and is traded on NASDAQ Exchange. It employs 10 people.
Cadiz Investors Sentiment
The influence of Cadiz's 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 Cadiz. 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.
Investor biases related to Cadiz's public news can be used to forecast risks associated with investment in Cadiz. The trend in average sentiment can be used to explain how an investor holding Cadiz can time the market purely based on public headlines and social activities around Cadiz Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Cadiz'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 Cadiz'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 Cadiz's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cadiz.
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 Cadiz 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, Cadiz's short interest history, or implied volatility extrapolated from Cadiz options trading.
Pair Trading with Cadiz
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 Cadiz 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 Cadiz will appreciate offsetting losses from the drop in the long position's value.Moving together with Cadiz
+  0.9  DUK  Duke Energy  Selloff Trend  PairCorr  
+  0.85  EIX  Edison International  Selloff Trend  PairCorr  
+  0.89  ES  Eversource Energy  Selloff Trend  PairCorr  
+  0.9  LNT  Alliant Energy Corp  Selloff Trend  PairCorr 
The ability to find closely correlated positions to Cadiz could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Cadiz 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 Cadiz  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 Cadiz Inc to buy it.
The correlation of Cadiz 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 Cadiz moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cadiz Inc 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 Cadiz 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.Continue to Cadiz Piotroski F Score and Cadiz Valuation analysis. Note that the Cadiz Inc information on this page should be used as a complementary analysis to other Cadiz'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.
Complementary Tools for Cadiz Stock analysis
When running Cadiz Inc price analysis, check to measure Cadiz'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 Cadiz is operating at the current time. Most of Cadiz's value examination focuses on studying past and present price action to predict the probability of Cadiz's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cadiz's price. Additionally, you may evaluate how the addition of Cadiz to your portfolios can decrease your overall portfolio volatility.
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Is Cadiz'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 Cadiz. If investors know Cadiz 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 Cadiz listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization 115 M  Quarterly Revenue Growth YOY 3.22  Return On Assets (0.09)  Return On Equity (0.60) 
The market value of Cadiz Inc is measured differently than its book value, which is the value of Cadiz that is recorded on the company's balance sheet. Investors also form their own opinion of Cadiz's value that differs from its market value or its book value, called intrinsic value, which is Cadiz'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 Cadiz's market value can be influenced by many factors that don't directly affect Cadiz'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 Cadiz's value and its price as these two are different measures arrived at by different means. Investors typically determine Cadiz value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cadiz'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.