Luna Innovations Z Score
LUNA  Stock  USD 7.44 0.17 2.34% 
Luna Innovations  Z Score 
Luna Innovations Z Score Analysis
Luna Innovations' ZScore is a simple linear, multifactor 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 Expense  16 K  25 K  479 K  516.82 K 
Gross Profit  35.18 M  35.88 M  51.56 M  55.63 M 
Z Score  =  Sum Of   5 Factors 
Current Luna Innovations Z Score  5.2 
Most of Luna Innovations' 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, Luna Innovations Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

Luna Innovations Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Luna Innovations is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Luna Innovations' 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 Luna Innovations' 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 Luna Innovations' interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate ZScore 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. ZScore 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 ZScores 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 socalled '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 
Based on the company's disclosures, Luna Innovations Incorporated has a Z Score of 5.2. This is 61.34% lower than that of the Electronic Equipment, Instruments & Components sector and 19.75% lower than that of the Information Technology industry. The z score for all United States stocks is 40.37% higher than that of the company.
Luna Innovations Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Luna Innovations' 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 Luna Innovations could also be used in its relative valuation, which is a method of valuing Luna Innovations by comparing valuation metrics of similar companies.Luna Innovations is currently under evaluation in z score category among related companies.
Luna Innovations Current Valuation Drivers
We derive many important indicators used in calculating different scores of Luna Innovations from analyzing Luna Innovations' financial statements. These drivers represent accounts that assess Luna Innovations' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Luna Innovations' important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  73.81 K  56.14 K  20.01 K  7.7 K  3.53 K  3.62 K  
Revenue Per Employee  233.52 K  218.97 K  264.1 K  193.56 K  223.25 K  204.18 K  
Average Assets  59.07 M  69.39 M  83.79 M  100.77 M  129.54 M  139.76 M  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  584.15 K  1.91 M  4.7 M  6.2 M  (1.19 M)  (1.22 M)  
Earnings Before Interest Taxes and Depreciation Amortization USD  16.21 M  12.39 M  6.21 M  5.83 M  4.51 M  5.23 M  
Earnings before Tax  13.47 M  11.05 M  3.69 M  2.84 M  (598 K)  (613.74 K)  
Average Equity  41.71 M  56.25 M  65.39 M  71.38 M  78.81 M  64.14 M  
Enterprise Value  33.52 M  47.64 M  198.49 M  278.26 M  278.02 M  299.97 M  
Free Cash Flow  (434.49 K)  (3.69 M)  4.26 M  2.58 M  3.07 M  3.31 M  
Invested Capital  15.24 M  18.32 M  27.08 M  74.33 M  65.71 M  70.9 M  
Invested Capital Average  16.52 M  16.67 M  23.97 M  40.68 M  74.2 M  80.06 M  
Market Capitalization  69.02 M  93.59 M  219.91 M  304.68 M  269.81 M  291.11 M  
Tangible Asset Value  64.5 M  72.2 M  65.79 M  92.89 M  94.08 M  79.79 M  
Working Capital  43.98 M  56.09 M  41.07 M  45.38 M  49.76 M  43.44 M 
Luna Innovations Institutional Holders
Institutional Holdings refers to the ownership stake in Luna Innovations that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Luna Innovations' 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 highprofile magazines, and presentations at investor conferences help move the stock higher, increasing Luna Innovations' value.Security Type  Shares  Value  
Zpr Investment Management  Common Shares  22.1 K  92 K  
Your Advocates Ltd Llp  Common Shares  200  2 K  
Yintercept Hong Kong Ltd  Common Shares  10.7 K  62 K  
Yakira Capital Management Inc  Common Shares  15.7 K  53 K  
Yakira Capital Management Inc  Common Shares  19.5 K  63 K  
Yakira Capital Management Inc  Common Shares  19.5 K  58 K  
Yakira Capital Management Inc  Common Shares  34.5 K  112 K 
Luna Innovations Fundamentals
Return On Equity  (0.0197) %  
Return On Asset  (0.0105) %  
Profit Margin  0.1 %  
Operating Margin  (0.0227) %  
Current Valuation  231.96 M  
Shares Outstanding  32.96 M  
Shares Owned by Insiders  4.07 %  
Shares Owned by Institutions  51.09 %  
Number of Shares Shorted  250.25 K  
Price to Earning  17.66 X  
Price to Book  2.43 X  
Price to Sales  2.40 X  
Revenue  87.51 M  
Gross Profit  51.56 M  
EBITDA  4.47 M  
Net Income  1.38 M  
Cash and Equivalents  7.89 M  
Cash per Share  0.24 X  
Total Debt  11.67 M  
Debt to Equity  0.30 %  
Current Ratio  2.38 X  
Book Value Per Share  2.67 X  
Cash Flow from Operations  4.48 M  
Short Ratio  4.28 X  
Earnings Per Share  0.35 X  
Target Price  10.13  
Number of Employees  385  
Beta  1.37  
Market Capitalization  245.24 M  
Total Asset  130.24 M  
Retained Earnings  (17.53 M)  
Working Capital  23.42 M  
Current Asset  38.75 M  
Current Liabilities  15.33 M  
Z Score  5.2  
Net Asset  130.24 M 
About Luna Innovations Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Luna Innovations Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Luna Innovations using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Luna Innovations Incorporated 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.Luna Innovations Incorporated develops, manufactures, and markets fiber optic test, measurement, and control products worldwide. Luna Innovations Incorporated was incorporated in 1990 and is headquartered in Roanoke, Virginia. Luna Innovations operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. It employs 385 people.
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Our tools can tell you how much better you can do entering a position in Luna Innovations without increasing your portfolio risk or giving up the 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 riskadjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Additionally, see Luna Innovations Piotroski F Score and Luna Innovations Valuation analysis. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running Luna Innovations price analysis, check to measure Luna Innovations' 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 Luna Innovations is operating at the current time. Most of Luna Innovations' value examination focuses on studying past and present price action to predict the probability of Luna Innovations' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Luna Innovations' price. Additionally, you may evaluate how the addition of Luna Innovations to your portfolios can decrease your overall portfolio volatility.
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Is Luna Innovations' 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 Luna Innovations. If investors know Luna Innovations 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 Luna Innovations 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 1.77  Market Capitalization 245.2 M  Quarterly Revenue Growth YOY 0.43  Return On Assets (0.0105)  Return On Equity (0.0197) 
The market value of Luna Innovations is measured differently than its book value, which is the value of Luna Innovations that is recorded on the company's balance sheet. Investors also form their own opinion of Luna Innovations' value that differs from its market value or its book value, called intrinsic value, which is Luna Innovations' 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 Luna Innovations' market value can be influenced by many factors that don't directly affect Luna Innovations' 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 Luna Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine Luna Innovations value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luna Innovations' 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.