Equity Z Score

EQR -  USA Stock  

USD 74.32  0.64  0.85%

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 Equity Residential Piotroski F Score and Equity Residential Valuation analysis.
  
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Equity Residential Invested Capital is relatively stable at the moment as compared to the past year. Equity Residential reported last year Invested Capital of 29.46 Billion. As of 05/16/2022, Invested Capital Average is likely to grow to about 32.5 B, while Capital Expenditure is likely to drop (373.1 M). Equity Residential Selling General and Administrative Expense is relatively stable at the moment as compared to the past year. Equity Residential reported last year Selling General and Administrative Expense of 56.51 Million. As of 05/16/2022, Weighted Average Shares is likely to grow to about 401.6 M, while Consolidated Income is likely to drop slightly above 1.3 B.

Equity Z Score Analysis

Equity Residential'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..
 2020 2022 (projected)
Long Term Debt to Equity0.761.11
Interest Coverage2.141.77
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Equity Residential Z Score

    
  1.8  
Most of Equity Residential'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, Equity Residential 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 )

Equity Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Equity Residential is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Equity Residential'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 Equity Residential'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 Equity Residential'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, Equity Residential has a Z Score of 1.8. This is 31.39% higher than that of the Real Estate sector and significantly higher than that of the REIT—Residential industry. The z score for all United States stocks is 79.36% higher than that of the company.

Equity Residential Current Valuation Drivers

We derive many important indicators used in calculating different scores of Equity Residential from analyzing Equity Residential's financial statements. These drivers represent accounts that assess Equity Residential's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Equity Residential's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee223.5 K243.53 K359.4 K350.44 K315.39 K328.25 K
Revenue Per Employee915.34 K954.98 K1 M986.41 K887.77 K794.85 K
Average Assets20.63 B20.43 B21 B20.64 B20.62 B22.79 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.74 B1.86 B2.2 B2.11 B2.46 B2.34 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.74 B1.86 B2.2 B2.11 B2.46 B2.34 B
Earnings before Tax603.93 M658.41 M968.1 M914.49 M1.33 B1.23 B
Average Equity10.27 B10.23 B10.17 B10.54 B10.59 B11.13 B
Enterprise Value32.38 B33.06 B39.29 B30.56 B42.17 B41.56 B
Free Cash Flow677.19 M986.03 M623.65 M1.94 B896.66 M1.23 B
Invested Capital29.43 B29.1 B30.42 B28.56 B29.46 B32.81 B
Invested Capital Average29.53 B29.1 B30.18 B29.16 B28.85 B32.54 B
Market Capitalization23.43 B24.32 B30.05 B22.07 B33.94 B31.86 B
Tangible Asset Value20.57 B20.39 B21.17 B20.29 B21.17 B23.09 B

Equity Residential Institutional Holders

Institutional Holdings refers to the ownership stake in Equity Residential that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Equity Residential'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 Equity Residential's value.
Security TypeSharesValue
Sumitomo Mitsui Trust Holdings IncCommon Shares1.4 M126 M
Abrdn PlcCommon Shares776.3 K71 M
California Public Employees Retirement SystemCommon Shares758.9 K68.2 M
Aew Capital Management L PCommon Shares715.3 K64.3 M
Strs OhioCommon Shares527 K47.4 M
New York State Teachers Retirement SystemCommon Shares356.5 K32.1 M
Retirement Systems Of AlabamaCommon Shares341 K30.7 M

Equity Fundamentals

About Equity Residential Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Equity Residential's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Equity Residential using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Equity Residential 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.
Equity Residential is committed to creating communities where people thrive. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver. Equity Residential operates under REITResidential classification in the United States and is traded on New York Stock Exchange. It employs 2600 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Equity Residential 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.

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Pair Trading with Equity Residential

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 Equity Residential 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 Equity Residential will appreciate offsetting losses from the drop in the long position's value.

Equity Residential Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Equity Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equity Residential 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 Equity Residential - 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 Equity Residential to buy it.
The correlation of Equity Residential 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 Equity Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Residential 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 Equity Residential 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 Equity Residential Piotroski F Score and Equity Residential Valuation analysis. Note that the Equity Residential information on this page should be used as a complementary analysis to other Equity Residential'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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for Equity Stock analysis

When running Equity Residential price analysis, check to measure Equity Residential'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 Equity Residential is operating at the current time. Most of Equity Residential's value examination focuses on studying past and present price action to predict the probability of Equity Residential's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Equity Residential's price. Additionally, you may evaluate how the addition of Equity Residential to your portfolios can decrease your overall portfolio volatility.
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Is Equity Residential'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 Equity Residential. If investors know Equity 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 Equity Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Equity Residential is measured differently than its book value, which is the value of Equity that is recorded on the company's balance sheet. Investors also form their own opinion of Equity Residential's value that differs from its market value or its book value, called intrinsic value, which is Equity Residential'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 Equity Residential's market value can be influenced by many factors that don't directly affect Equity Residential'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 Equity Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine Equity Residential value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Residential'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.