National Z Score

EYE -  USA Stock  

USD 38.48  0.09  0.23%

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 National Vision Piotroski F Score and National Vision Valuation analysis.

National Z Score 

 
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National Vision Invested Capital Average is projected to decrease significantly based on the last few years of reporting. The past year's Invested Capital Average was at 938.79 Million. The current year Market Capitalization is expected to grow to about 3.3 B, whereas Return on Invested Capital is forecasted to decline to 0.06.

National Z Score Analysis

National Vision'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..
 2010 2016 2017 2022 (projected)
Cost of Revenue491.1 M544.78 M786.62 M670.72 M
Consolidated Income3.62 M13.34 M36.28 M13.69 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current National Vision Z Score

    
  1.8  
Most of National Vision'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, National Vision Holdings 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 )

National Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for National Vision is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since National Vision'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 National Vision'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 National Vision'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, National Vision Holdings has a Z Score of 1.8. This is 44.27% lower than that of the Consumer Cyclical sector and 80.26% lower than that of the Specialty Retail industry. The z score for all United States stocks is 79.36% higher than that of the company.

National Z Score Peer Comparison

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

National Vision Institutional Holders

Institutional Holdings refers to the ownership stake in National Vision that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of National Vision'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 National Vision's value.
Security TypeSharesValue
Riverbridge Partners LlcCommon SharesM50 M
Rheos Capital Works IncCommon Shares231.4 K11.1 M
Ami Asset Management CorpCommon Shares142.4 K6.8 M
Russell Investments Group LtdCommon SharesK241 K
Strs OhioCommon SharesK239 K
Baystate Wealth Management LlcCommon Shares20810 K
Tci Wealth Advisors IncCommon Shares102K

National Fundamentals

About National Vision Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze National Vision Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of National Vision using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of National Vision Holdings 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.
National Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer in the United States. National Vision Holdings, Inc. was founded in 1990 and is headquartered in Duluth, Georgia. National Vision operates under Specialty Retail classification in the United States and is traded on NASDAQ Exchange. It employs 12792 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in National Vision 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 National Vision

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 National Vision 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 National Vision will appreciate offsetting losses from the drop in the long position's value.

National Vision Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for National Vision and Aarons Holdings. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to National Vision Piotroski F Score and National Vision Valuation analysis. Note that the National Vision Holdings information on this page should be used as a complementary analysis to other National Vision'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.

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