Graftech Z Score

EAF
 Stock
  

USD 6.55  0.12  1.80%   

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 Graftech International Piotroski F Score and Graftech International Valuation analysis.
  
Graftech International Invested Capital Average is projected to increase significantly based on the last few years of reporting. The past year's Invested Capital Average was at 1.99 Billion. The current year Working Capital is expected to grow to about 401.8 M, whereas Return on Invested Capital is forecasted to decline to 0.24. Graftech International Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 388.33 Million. The current year Cost of Revenue is expected to grow to about 721.6 M, whereas Operating Expenses is forecasted to decline to about 116.4 M.

Graftech Z Score Analysis

Graftech International'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)
Revenues USD1.79 B1.22 B1.35 B1.41 B
Revenues1.79 B1.22 B1.35 B1.41 B
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Graftech International Z Score

    
  -0.8  
Most of Graftech International'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, Graftech International 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 )

Graftech Z Score Driver Correlations

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

According to the company's disclosures, Graftech International has a Z Score of -0.8. This is 119.66% lower than that of the Industrials sector and significantly lower than that of the Electrical Equipment & Parts industry. The z score for all United States stocks is 109.17% higher than that of the company.

Graftech Z Score Peer Comparison

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

Graftech International Current Valuation Drivers

We derive many important indicators used in calculating different scores of Graftech International from analyzing Graftech International's financial statements. These drivers represent accounts that assess Graftech International's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Graftech International's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee6.09 K615.88 K553.2 K337.11 K287.01 K309.67 K
Revenue Per Employee420.44 K1.37 M1.33 M950.21 K994.67 K788.23 K
Average Assets1.16 B1.51 B1.53 B1.43 B1.41 B1.54 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA94.47 M1.1 B1.03 B671.08 M590.88 M635.15 M
Earnings Before Interest Taxes and Depreciation Amortization USD94.47 M1.1 B1.03 B671.08 M590.88 M635.15 M
Earnings before Tax(2.8 M)903.14 M842.83 M510.05 M456.41 M478.18 M
Average Equity566.81 M(845.61 M)(691.07 M)(329.38 M)(10.12 M)(10.92 M)
Free Cash Flow7.12 M769.31 M741.43 M527.95 M385.18 M436.92 M
Invested Capital1.2 B3.11 B2.87 B2.34 B1.98 B2.27 B
Invested Capital Average1.21 B2.96 B2.87 B2.34 B1.99 B2.27 B
Tangible Asset Value1.03 B1.33 B1.36 B1.26 B1.24 B1.35 B
Working Capital202.58 M310.92 M462.37 M431.07 M393.29 M401.79 M

Graftech Fundamentals

About Graftech International Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Graftech International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Graftech International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Graftech International 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.
GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. GrafTech International Ltd. was founded in 1886 and is headquartered in Brooklyn Heights, Ohio. Graftech International operates under Electrical Equipment Parts classification in the United States and is traded on New York Stock Exchange. It employs 1353 people.

Graftech International Investors Sentiment

The influence of Graftech International's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Graftech. The overall investor sentiment generally increases the direction of a stock movement in a one-year 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 Graftech International's public news can be used to forecast risks associated with investment in Graftech. The trend in average sentiment can be used to explain how an investor holding Graftech can time the market purely based on public headlines and social activities around Graftech International. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Graftech International'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 Graftech International'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 Graftech International's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Graftech International.

Graftech International Implied Volatility

    
  53.31  
Graftech International's implied volatility exposes the market's sentiment of Graftech International stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Graftech International's 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 Graftech International stock will not fluctuate a lot when Graftech International's 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 Graftech International 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, Graftech International's short interest history, or implied volatility extrapolated from Graftech International options trading.

Pair Trading with Graftech International

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 Graftech International 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 Graftech International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Graftech International

0.65ELBMElectra Battery Materials Earnings Call  TomorrowPairCorr

Moving against Graftech International

0.61ACTGAcacia Res-Acacia Earnings Call  TomorrowPairCorr
0.6ACFNAcorn Energy Earnings Call  This WeekPairCorr
0.52AERCAeroclean Technologies TrendingPairCorr
The ability to find closely correlated positions to Graftech International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Graftech International 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 Graftech International - 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 Graftech International to buy it.
The correlation of Graftech International 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 Graftech International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Graftech International 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 Graftech International 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 Graftech International Piotroski F Score and Graftech International Valuation analysis. Note that the Graftech International information on this page should be used as a complementary analysis to other Graftech International'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Graftech Stock analysis

When running Graftech International price analysis, check to measure Graftech International'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 Graftech International is operating at the current time. Most of Graftech International's value examination focuses on studying past and present price action to predict the probability of Graftech International's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Graftech International's price. Additionally, you may evaluate how the addition of Graftech International to your portfolios can decrease your overall portfolio volatility.
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Is Graftech International'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 Graftech International. If investors know Graftech 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 Graftech International 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
3.18
Market Capitalization
1.7 B
Quarterly Revenue Growth YOY
0.099
Return On Assets
0.3
Return On Equity
0.54
The market value of Graftech International is measured differently than its book value, which is the value of Graftech that is recorded on the company's balance sheet. Investors also form their own opinion of Graftech International's value that differs from its market value or its book value, called intrinsic value, which is Graftech International'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 Graftech International's market value can be influenced by many factors that don't directly affect Graftech International'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 Graftech International's value and its price as these two are different measures arrived at by different means. Investors typically determine Graftech International value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Graftech International'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.