TuanChe Probability Of Bankruptcy

TC
 Stock
  

USD 2.07  0.02  0.98%   

TuanChe Limited Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. TuanChe Limited Probability Of Bankruptcy is determined by interpolating and adjusting TuanChe Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the TuanChe balance sheet as well as cash flow and income statements available from the company's most recent filings. Additionally, take a look at TuanChe Piotroski F Score and TuanChe Altman Z Score analysis.
  
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TuanChe Probability Of Bankruptcy Analysis

TuanChe's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
More About Probability Of Bankruptcy | All Equity Analysis

Current TuanChe Probability Of Bankruptcy

    
  38%  
Most of TuanChe's fundamental indicators, such as Probability Of Bankruptcy, 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, TuanChe Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of TuanChe probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting TuanChe odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of TuanChe Limited financial health.
Is TuanChe's 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 TuanChe. If investors know TuanChe 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 TuanChe listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
41.6 M
Quarterly Revenue Growth YOY
-0.5
Return On Assets
-0.17
Return On Equity
-0.42
The market value of TuanChe Limited is measured differently than its book value, which is the value of TuanChe that is recorded on the company's balance sheet. Investors also form their own opinion of TuanChe's value that differs from its market value or its book value, called intrinsic value, which is TuanChe's 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 TuanChe's market value can be influenced by many factors that don't directly affect TuanChe's 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 TuanChe's value and its price as these two are different measures arrived at by different means. Investors typically determine TuanChe value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TuanChe's 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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Compare to competition

Based on the latest financial disclosure, TuanChe Limited has a Probability Of Bankruptcy of 38.0%. This is 26.39% lower than that of the Communication Services sector and significantly higher than that of the Internet Content & Information industry. The probability of bankruptcy for all United States stocks is 4.59% higher than that of the company.

TuanChe Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TuanChe's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of TuanChe could also be used in its relative valuation, which is a method of valuing TuanChe by comparing valuation metrics of similar companies.
TuanChe is currently under evaluation in probability of bankruptcy category among related companies.

TuanChe Fundamentals

About TuanChe Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze TuanChe Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TuanChe using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TuanChe Limited 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.
TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China. The company was founded in 2010 and is headquartered in Beijing, China. TuanChe is traded on NASDAQ Exchange in the United States.

TuanChe Investors Sentiment

The influence of TuanChe's 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 TuanChe. 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.
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 TuanChe 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, TuanChe's short interest history, or implied volatility extrapolated from TuanChe options trading.

Current Sentiment - TC

TuanChe Limited Investor Sentiment

Larger part of Macroaxis users are at this time bullish on TuanChe Limited. What is your outlook on investing in TuanChe Limited? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Currently Active Assets on Macroaxis

Additionally, take a look at TuanChe Piotroski F Score and TuanChe Altman Z Score analysis. Note that the TuanChe Limited information on this page should be used as a complementary analysis to other TuanChe's 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running TuanChe Limited price analysis, check to measure TuanChe's 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 TuanChe is operating at the current time. Most of TuanChe's value examination focuses on studying past and present price action to predict the probability of TuanChe's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move TuanChe's price. Additionally, you may evaluate how the addition of TuanChe to your portfolios can decrease your overall portfolio volatility.
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Is TuanChe's 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 TuanChe. If investors know TuanChe 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 TuanChe listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
41.6 M
Quarterly Revenue Growth YOY
-0.5
Return On Assets
-0.17
Return On Equity
-0.42
The market value of TuanChe Limited is measured differently than its book value, which is the value of TuanChe that is recorded on the company's balance sheet. Investors also form their own opinion of TuanChe's value that differs from its market value or its book value, called intrinsic value, which is TuanChe's 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 TuanChe's market value can be influenced by many factors that don't directly affect TuanChe's 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 TuanChe's value and its price as these two are different measures arrived at by different means. Investors typically determine TuanChe value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TuanChe's 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.