Paylocity Z Score

PCTY
 Stock
  

USD 205.79  3.21  1.54%   

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 Paylocity Holdings Piotroski F Score and Paylocity Holdings Valuation analysis.
  
Paylocity Holdings Return on Invested Capital is fairly stable at the moment as compared to the past year. Paylocity Holdings reported Return on Invested Capital of 0.41 in 2021. Invested Capital is likely to rise to about 207.9 M in 2022, whereas Capital Expenditure is likely to drop (35.9 M) in 2022. Paylocity Holdings Selling General and Administrative Expense is fairly stable at the moment as compared to the past year. Paylocity Holdings reported Selling General and Administrative Expense of 238.31 Million in 2021. Income Tax Expense is likely to rise to about 4.1 M in 2022, whereas Cost of Revenue is likely to drop slightly above 140.8 M in 2022.

Paylocity Z Score Analysis

Paylocity Holdings' 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)
Accounts Payable1.75 M4.23 M8.37 M9.04 M
Receivables4.92 M6.27 M15.75 M17 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Paylocity Holdings Z Score

    
  91.2  
Most of Paylocity Holdings' 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, Paylocity Holdings Corp 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 )

Paylocity Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Paylocity Holdings is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Paylocity Holdings' 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 Paylocity Holdings' 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 Paylocity Holdings' 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, Paylocity Holdings Corp has a Z Score of 91. This is much higher than that of the Technology sector and significantly higher than that of the Software—Application industry. The z score for all United States stocks is notably lower than that of the firm.

Paylocity Z Score Peer Comparison

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

Paylocity Holdings Current Valuation Drivers

We derive many important indicators used in calculating different scores of Paylocity Holdings from analyzing Paylocity Holdings' financial statements. These drivers represent accounts that assess Paylocity Holdings' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Paylocity Holdings' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee14.85 K17.65 K17.86 K17.07 K17.13 K18.48 K
Revenue Per Employee145.2 K153.32 K155.5 K153.16 K160.88 K141.85 K
Average Assets1.16 B1.17 B1.45 B1.74 B2 B1.58 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA30.94 M73.44 M83.25 M73.01 M99.8 M107.67 M
Earnings Before Interest Taxes and Depreciation Amortization USD10.2 M28.4 M46.95 M92.61 M106.5 M114.91 M
Earnings before Tax(3.67 M)7.37 M16.75 M58.05 M66.75 M72.02 M
Average Equity114.09 M134.36 M181.06 M269.44 M309.85 M334.32 M
Enterprise Value2.11 B2.23 B2.97 B4.88 B5.61 B6.05 B
Free Cash Flow8.52 M24.16 M48.8 M76.13 M87.55 M94.46 M
Invested Capital10.12 M26.86 M55.88 M167.59 M192.73 M207.94 M
Invested Capital Average8.21 M22 M42.77 M161.33 M185.53 M200.17 M
Market Capitalization2.2 B2.33 B3.1 B4.97 B5.72 B6.17 B
Tangible Asset Value1.36 B1.11 B1.46 B1.76 B2.02 B2.18 B
Working Capital68.99 M88.04 M107.39 M140.14 M161.16 M173.89 M

Paylocity Holdings Institutional Holders

Institutional Holdings refers to the ownership stake in Paylocity Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Paylocity Holdings' 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 Paylocity Holdings' value.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.6 K1.1 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.9 K1.4 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares7.1 K1.7 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.4 K1.5 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.9 K1.1 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.8 KM
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.9 K1.2 M

Paylocity Fundamentals

About Paylocity Holdings Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Paylocity Holdings Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Paylocity Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Paylocity Holdings Corp 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.
Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company was founded in 1997 and is headquartered in Schaumburg, Illinois. Paylocity Holdings operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 5300 people.

Paylocity Holdings Investors Sentiment

The influence of Paylocity Holdings' 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 Paylocity. 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.
Investor biases related to Paylocity Holdings' public news can be used to forecast risks associated with investment in Paylocity. The trend in average sentiment can be used to explain how an investor holding Paylocity can time the market purely based on public headlines and social activities around Paylocity Holdings Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Paylocity Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Paylocity Holdings' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Paylocity Holdings' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Paylocity Holdings.
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 Paylocity Holdings 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, Paylocity Holdings' short interest history, or implied volatility extrapolated from Paylocity Holdings options trading.

Currently Active Assets on Macroaxis

Please check Paylocity Holdings Piotroski F Score and Paylocity Holdings Valuation analysis. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for analysis

When running Paylocity Holdings Corp price analysis, check to measure Paylocity Holdings' 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 Paylocity Holdings is operating at the current time. Most of Paylocity Holdings' value examination focuses on studying past and present price action to predict the probability of Paylocity Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Paylocity Holdings' price. Additionally, you may evaluate how the addition of Paylocity Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Paylocity Holdings' 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 Paylocity Holdings. If investors know Paylocity 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 Paylocity Holdings 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
(0.018) 
Market Capitalization
11.5 B
Quarterly Revenue Growth YOY
0.39
Return On Assets
0.0148
Return On Equity
0.17
The market value of Paylocity Holdings Corp is measured differently than its book value, which is the value of Paylocity that is recorded on the company's balance sheet. Investors also form their own opinion of Paylocity Holdings' value that differs from its market value or its book value, called intrinsic value, which is Paylocity Holdings' 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 Paylocity Holdings' market value can be influenced by many factors that don't directly affect Paylocity Holdings' 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 Paylocity Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Paylocity Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paylocity Holdings' 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.