Hawaiian Z Score

HA
 Stock
  

USD 15.43  0.89  6.12%   

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 Hawaiian Hlds Piotroski F Score and Hawaiian Hlds Valuation analysis.
  
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Hawaiian Hlds Market Capitalization is projected to increase significantly based on the last few years of reporting. The past year's Market Capitalization was at 940.78 Million. The current year Working Capital is expected to grow to about 974.2 M, whereas Capital Expenditure is forecasted to decline to (41.5 M). Hawaiian Hlds Cost of Revenue is projected to decrease significantly based on the last few years of reporting. The past year's Cost of Revenue was at 968.19 Million. The current year Gross Profit is expected to grow to about 932.6 M, whereas Direct Expenses is forecasted to decline to about 955.9 M.

Hawaiian Z Score Analysis

Hawaiian Hlds' 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 Expense27.86 M40.44 M110.43 M119.15 M
Gross Profit1.5 B227.12 M628.4 M932.62 M
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 )

Hawaiian Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Hawaiian Hlds is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Hawaiian Hlds' 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 Hawaiian Hlds' 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 Hawaiian Hlds' 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, Hawaiian Hlds has a Z Score of 0.0. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Airlines industry. The z score for all United States stocks is 100.0% higher than that of the company.

Hawaiian Z Score Peer Comparison

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

Hawaiian Hlds Current Valuation Drivers

We derive many important indicators used in calculating different scores of Hawaiian Hlds from analyzing Hawaiian Hlds' financial statements. These drivers represent accounts that assess Hawaiian Hlds' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Hawaiian Hlds' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee54.66 K32.19 K30.12 K(96.54 K)(21.69 K)(22.26 K)
Revenue Per Employee404.75 K391.69 K380.83 K159.63 K239.22 K335.11 K
Average Assets2.86 B3.17 B3.93 B4.05 B4.95 B4.29 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA535.57 M474.6 M492.22 M(507.95 M)63.41 M65.08 M
Earnings Before Interest Taxes and Depreciation Amortization USD535.57 M474.6 M492.22 M(507.95 M)63.41 M65.08 M
Earnings before Tax390.82 M301.16 M305 M(700.05 M)(185.32 M)(190.2 M)
Average Equity794.7 M922.36 M1.03 B766.92 M604.8 M650.73 M
Enterprise Value2.25 B1.68 B2.18 B2.18 B2.82 B2.57 B
Free Cash Flow(9.44 M)155.44 M97.31 M(302.02 M)212.83 M229.63 M
Invested Capital2.19 B2.51 B3.92 B4.33 B5.43 B4.38 B
Invested Capital Average1.94 B2.36 B3.53 B4.18 B5.42 B4.29 B
Market Capitalization2.09 B1.3 B1.36 B814.27 M940.78 M1.23 B
Tangible Asset Value2.75 B3.08 B4.01 B3.96 B4.62 B4.06 B
Working Capital(220.88 M)(300.97 M)(200.51 M)113.93 M902.89 M974.18 M

Hawaiian Hlds Institutional Holders

Institutional Holdings refers to the ownership stake in Hawaiian Hlds that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Hawaiian Hlds' 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 Hawaiian Hlds' value.
Security TypeSharesValue
Blackrock IncCommon Shares8.1 M159.6 M
Vanguard Group IncCommon Shares5.4 M106.8 M
U S Global Investors IncCommon SharesM98.7 M
State Street CorpCommon Shares2.8 M56.1 M
Dimensional Fund Advisors LpCommon Shares2.2 M42.8 M
Towle CoCommon Shares1.3 M24.6 M
Third Avenue Management LlcCommon Shares1.2 M24.1 M
Susquehanna International Group LlpPut Options375.3 K7.4 M

Hawaiian Fundamentals

About Hawaiian Hlds Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Hawaiian Hlds's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hawaiian Hlds using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hawaiian Hlds 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.
Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. Hawaiian Holdings, Inc. was incorporated in 1929 and is headquartered in Honolulu, Hawaii. Hawaiian Hlds operates under Airlines classification in the United States and is traded on NASDAQ Exchange. It employs 6656 people.

Hawaiian Hlds Investors Sentiment

The influence of Hawaiian Hlds' 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 Hawaiian. 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.

Hawaiian Hlds Implied Volatility

    
  58.99  
Hawaiian Hlds' implied volatility exposes the market's sentiment of Hawaiian Hlds stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Hawaiian Hlds' 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 Hawaiian Hlds stock will not fluctuate a lot when Hawaiian Hlds' 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 Hawaiian Hlds 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, Hawaiian Hlds' short interest history, or implied volatility extrapolated from Hawaiian Hlds options trading.

Current Sentiment - HA

Hawaiian Hlds Investor Sentiment

Larger part of Macroaxis users are currently bullish on Hawaiian Hlds. What is your judgment towards investing in Hawaiian Hlds? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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Please check Hawaiian Hlds Piotroski F Score and Hawaiian Hlds Valuation analysis. Note that the Hawaiian Hlds information on this page should be used as a complementary analysis to other Hawaiian Hlds' 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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