CNH Industrial Z Score

CNHI
 Stock
  

USD 13.05  0.08  0.61%   

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. Continue to CNH Industrial Piotroski F Score and CNH Industrial Valuation analysis.
  
The current Capital Expenditure is estimated to decrease to about (2.2 B). The current Return on Invested Capital is estimated to decrease to 0.0351. CNH Industrial Net Income is most likely to increase significantly in the upcoming years. The last year's value of Net Income was reported at 1.72 Billion. The current Net Income Common Stock is estimated to increase to about 1.9 B, while Cost of Revenue is projected to decrease to roughly 23.5 B.

CNH Industrial Z Score Analysis

CNH Industrial'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 2020 2021 2022 (projected)
Interest Expense798 M678 M596 M734.85 M
Gross Profit6.25 B4.71 B7.48 B6.66 B
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis
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 )

CNH Industrial Z Score Driver Correlations

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

In accordance with the company's disclosures, CNH Industrial NV has a Z Score of 0.0. This is 100.0% lower than that of the Industrials sector and about the same as Farm & Heavy Construction Machinery (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

CNH Industrial Z Score Peer Comparison

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

CNH Industrial Current Valuation Drivers

We derive many important indicators used in calculating different scores of CNH Industrial from analyzing CNH Industrial's financial statements. These drivers represent accounts that assess CNH Industrial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CNH Industrial's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets47.63 B46.85 B48.14 B47.01 B49.12 B46.58 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA3.02 B3.63 B3.16 B1.31 B3.81 B3.33 B
Earnings Before Interest Taxes and Depreciation Amortization USD3.02 B3.63 B3.16 B1.31 B3.81 B3.33 B
Earnings before Tax729 M1.49 B1.15 B(543 M)2.06 B2.23 B
Average Equity6.1 B5.2 B7.36 B6.53 B6.9 B7.09 B
Enterprise Value44.7 B35.32 B39.54 B40.35 B49.36 B49.41 B
Free Cash Flow647 M659 M(75 M)3.68 B2.07 B2.23 B
Invested Capital64.73 B62 B63.09 B62.45 B61.81 B60.07 B
Invested Capital Average63.95 B62.41 B63.29 B62.05 B61.3 B60.02 B
Market Capitalization23.77 B16.14 B19.17 B22.32 B33.52 B29.08 B
Tangible Asset Value45.03 B43.15 B44.01 B46.02 B45.96 B43.41 B

CNH Industrial ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, CNH Industrial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to CNH Industrial's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

CNH Industrial Institutional Holders

Institutional Holdings refers to the ownership stake in CNH Industrial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CNH Industrial'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 CNH Industrial's value.
Security TypeSharesValue
Wellington Management Group LlpCommon Shares43 M495 M
Vanguard Group IncCommon Shares34.3 M397.6 M
Hotchkis Wiley Capital Management LlcCommon Shares24.3 M281.1 M
Bank Of ItalyCommon Shares22.3 M255.1 M
Parnassus Investments LlcCommon Shares12.7 M147 M
Allianz Asset Management GmbhCommon Shares10.2 M117.6 M
Artisan Partners Limited PartnershipCommon Shares9.9 M114.8 M

CNH Industrial Fundamentals

About CNH Industrial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CNH Industrial NV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CNH Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CNH Industrial NV 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.
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. The company was founded in 1842 and is headquartered in London, the United Kingdom. CNH Industrial operates under Farm Heavy Construction Machinery classification in the United States and is traded on New York Stock Exchange. It employs 71895 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in CNH Industrial 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.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Financial Widgets Now

   

Financial Widgets

Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
All  Next Launch Module

Pair Trading with CNH Industrial

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 CNH Industrial 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 CNH Industrial will appreciate offsetting losses from the drop in the long position's value.

Moving together with CNH Industrial

0.86DEDeere Company Earnings Call  This WeekPairCorr
0.66ABMABM Industries Fiscal Year End 21st of December 2022 PairCorr

Moving against CNH Industrial

0.68ACEVAce Convergence Acqu Earnings Call  This WeekPairCorr
0.55ASAQAtlantic Street Acqu Earnings Call  This WeekPairCorr
The ability to find closely correlated positions to CNH Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNH Industrial 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 CNH Industrial - 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 CNH Industrial NV to buy it.
The correlation of CNH Industrial 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 CNH Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNH Industrial NV 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 CNH Industrial 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
Continue to CNH Industrial Piotroski F Score and CNH Industrial Valuation analysis. Note that the CNH Industrial NV information on this page should be used as a complementary analysis to other CNH Industrial'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for CNH Industrial Stock analysis

When running CNH Industrial NV price analysis, check to measure CNH Industrial'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 CNH Industrial is operating at the current time. Most of CNH Industrial's value examination focuses on studying past and present price action to predict the probability of CNH Industrial's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CNH Industrial's price. Additionally, you may evaluate how the addition of CNH Industrial to your portfolios can decrease your overall portfolio volatility.
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Is CNH Industrial'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 CNH Industrial. If investors know CNH Industrial 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 CNH Industrial 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
-0.21
Market Capitalization
17.8 B
Quarterly Revenue Growth YOY
0.18
Return On Assets
0.0384
Return On Equity
0.3
The market value of CNH Industrial NV is measured differently than its book value, which is the value of CNH Industrial that is recorded on the company's balance sheet. Investors also form their own opinion of CNH Industrial's value that differs from its market value or its book value, called intrinsic value, which is CNH Industrial'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 CNH Industrial's market value can be influenced by many factors that don't directly affect CNH Industrial'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 CNH Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine CNH Industrial value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNH Industrial'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.