Flotek Z Score

FTK
 Stock
  

USD 1.24  0.04  3.33%   

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. Please check Flotek Industries Piotroski F Score and Flotek Industries Valuation analysis.
  
Flotek Industries Market Capitalization is decreasing as compared to previous years. The last year's value of Market Capitalization was reported at 89.97 Million. The current Working Capital is estimated to increase to about 24.4 M, while Return on Invested Capital is projected to decrease to (1.21) . Flotek Industries Interest Expense is decreasing as compared to previous years. The last year's value of Interest Expense was reported at 78,000. The current Operating Expenses is estimated to increase to about 48.4 M, while Net Income is projected to decrease to (31.3 M).

Flotek Z Score Analysis

Flotek Industries' 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..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Flotek Industries Z Score

    
  1.2  
Most of Flotek Industries' 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, Flotek Industries 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 )

Flotek Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Flotek Industries is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Flotek Industries' 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 Flotek Industries' 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 Flotek Industries' 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, Flotek Industries has a Z Score of 1.2. This is 46.19% lower than that of the Energy sector and 29.41% lower than that of the Oil & Gas Equipment & Services industry. The z score for all United States stocks is 86.24% higher than that of the company.

Flotek Industries Current Valuation Drivers

We derive many important indicators used in calculating different scores of Flotek Industries from analyzing Flotek Industries' financial statements. These drivers represent accounts that assess Flotek Industries' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Flotek Industries' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(82.02 K)(257.66 K)(185.51 K)(925.7 K)(233.02 K)(251.42 K)
Revenue Per Employee949.39 K651.18 K685.94 K360.52 K330.29 K338.98 K
Average Assets353.96 M299.76 M256.64 M115.91 M66.23 M67.98 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(9.35 M)(65.47 M)(22.43 M)(138.8 M)(29.2 M)(29.97 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(9.35 M)(65.47 M)(22.43 M)(138.8 M)(29.2 M)(29.97 M)
Earnings before Tax(21.28 M)(77.56 M)(33.65 M)(142.63 M)(30.57 M)(31.37 M)
Average Equity273.37 M213.9 M210.12 M82.18 M32.25 M33.1 M
Enterprise Value300.46 M113.74 M26.81 M119.27 M82.78 M84.95 M
Free Cash Flow8.38 M(24.59 M)(7.33 M)(49.15 M)(25.73 M)(26.41 M)
Invested Capital229.4 M221.48 M85.39 M24.74 M31.41 M32.23 M
Invested Capital Average217.83 M194.5 M122.62 M37.54 M25.89 M26.57 M
Market Capitalization264.81 M62.17 M115.59 M154.23 M89.97 M92.34 M
Tangible Asset Value270.66 M259.06 M210.28 M78.12 M50.24 M51.57 M
Working Capital73.29 M110.52 M112.58 M37.59 M23.82 M24.45 M

Flotek Industries Institutional Holders

Institutional Holdings refers to the ownership stake in Flotek Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Flotek Industries' 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 Flotek Industries' value.
Security TypeSharesValue
Nierenberg Investment Management Company IncCommon Shares7.8 M7.7 M
Vanguard Group IncCommon Shares2.8 M2.8 M
Dimensional Fund Advisors LpCommon Shares1.9 M1.9 M
Blackrock IncCommon SharesMM
Geode Capital Management LlcCommon Shares568.9 K564 K
Delta Investment Management LlcCommon Shares311.5 K309 K
Tiedemann Advisors LlcCommon Shares150 K149 K
Simplex Trading LlcCall Options29.2 K28 K
Group One Trading LpPut Options14.5 K14 K

Flotek Fundamentals

About Flotek Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Flotek Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Flotek Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Flotek Industries 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.
Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. The company was incorporated in 1985 and is headquartered in Houston, Texas. Flotek Industries operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 131 people.

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Our tools can tell you how much better you can do entering a position in Flotek Industries 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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Please check Flotek Industries Piotroski F Score and Flotek Industries Valuation analysis. Note that the Flotek Industries information on this page should be used as a complementary analysis to other Flotek Industries' 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Flotek Industries' 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 Flotek Industries. If investors know Flotek 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 Flotek Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
95 M
Quarterly Revenue Growth YOY
2.21
Return On Assets
-0.14
Return On Equity
-0.56
The market value of Flotek Industries is measured differently than its book value, which is the value of Flotek that is recorded on the company's balance sheet. Investors also form their own opinion of Flotek Industries' value that differs from its market value or its book value, called intrinsic value, which is Flotek Industries' 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 Flotek Industries' market value can be influenced by many factors that don't directly affect Flotek Industries' 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 Flotek Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine Flotek Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flotek Industries' 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.