Luna Innovations Z Score

LUNA
 Stock
  

USD 7.44  0.17  2.34%   

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. Additionally, see Luna Innovations Piotroski F Score and Luna Innovations Valuation analysis.
  
Luna Innovations Invested Capital is projected to increase significantly based on the last few years of reporting. The past year's Invested Capital was at 65.71 Million. The current year Invested Capital Average is expected to grow to about 80.1 M, whereas Capital Expenditure is forecasted to decline to (1.4 M). Luna Innovations Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 1.38 Million. The current year Gross Profit is expected to grow to about 55.6 M, whereas Direct Expenses is forecasted to decline to about 30.2 M.

Luna Innovations Z Score Analysis

Luna Innovations' 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 Expense16 K25 K479 K516.82 K
Gross Profit35.18 M35.88 M51.56 M55.63 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

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.
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 )

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.
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

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.
201720182019202020212022 (projected)
Net Income Per Employee73.81 K56.14 K20.01 K7.7 K3.53 K3.62 K
Revenue Per Employee233.52 K218.97 K264.1 K193.56 K223.25 K204.18 K
Average Assets59.07 M69.39 M83.79 M100.77 M129.54 M139.76 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA584.15 K1.91 M4.7 M6.2 M(1.19 M)(1.22 M)
Earnings Before Interest Taxes and Depreciation Amortization USD16.21 M12.39 M6.21 M5.83 M4.51 M5.23 M
Earnings before Tax13.47 M11.05 M3.69 M2.84 M(598 K)(613.74 K)
Average Equity41.71 M56.25 M65.39 M71.38 M78.81 M64.14 M
Enterprise Value33.52 M47.64 M198.49 M278.26 M278.02 M299.97 M
Free Cash Flow(434.49 K)(3.69 M)4.26 M2.58 M3.07 M3.31 M
Invested Capital15.24 M18.32 M27.08 M74.33 M65.71 M70.9 M
Invested Capital Average16.52 M16.67 M23.97 M40.68 M74.2 M80.06 M
Market Capitalization69.02 M93.59 M219.91 M304.68 M269.81 M291.11 M
Tangible Asset Value64.5 M72.2 M65.79 M92.89 M94.08 M79.79 M
Working Capital43.98 M56.09 M41.07 M45.38 M49.76 M43.44 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 high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Luna Innovations' value.
Security TypeSharesValue
Zpr Investment ManagementCommon Shares22.1 K92 K
Your Advocates Ltd LlpCommon Shares200K
Yintercept Hong Kong LtdCommon Shares10.7 K62 K
Yakira Capital Management IncCommon Shares15.7 K53 K
Yakira Capital Management IncCommon Shares19.5 K63 K
Yakira Capital Management IncCommon Shares19.5 K58 K
Yakira Capital Management IncCommon Shares34.5 K112 K

Luna Innovations Fundamentals

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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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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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.