VANACHAI Z Score

VNG
 Stock
  

THB 5.80  0.15  2.65%   

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. Also, please take a look at VANACHAI GROUP Piotroski F Score and VANACHAI GROUP Valuation analysis.
  

VANACHAI Z Score Analysis

VANACHAI GROUP's 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..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current VANACHAI GROUP Z Score

    
  1.0  
Most of VANACHAI GROUP's 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, VANACHAI GROUP PUBLIC 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 )
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

As per the company's disclosures, VANACHAI GROUP PUBLIC has a Z Score of 1.0. This is 60.16% lower than that of the Basic Materials sector and 69.7% lower than that of the Lumber & Wood Production industry. The z score for all Thailand stocks is 88.53% higher than that of the company.

VANACHAI Z Score Peer Comparison

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

VANACHAI Fundamentals

About VANACHAI GROUP Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze VANACHAI GROUP PUBLIC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VANACHAI GROUP using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VANACHAI GROUP PUBLIC 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.
Vanachai Group Public Company Limited, together with its subsidiaries, produces and distributes wood plates, MDF boards, particle boards, doorskin, and melamine on wood plates in Thailand and internationally. Vanachai Group Public Company Limited is a subsidiary of Vanachai Group of Companies Co., Ltd. VANACHAI GROUP operates under Lumber Wood Production classification in Thailand and is traded on Stock Exchange of Thailand.
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 VANACHAI GROUP 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, VANACHAI GROUP's short interest history, or implied volatility extrapolated from VANACHAI GROUP options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Also, please take a look at VANACHAI GROUP Piotroski F Score and VANACHAI GROUP Valuation analysis. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for analysis

When running VANACHAI GROUP PUBLIC price analysis, check to measure VANACHAI GROUP'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 VANACHAI GROUP is operating at the current time. Most of VANACHAI GROUP's value examination focuses on studying past and present price action to predict the probability of VANACHAI GROUP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move VANACHAI GROUP's price. Additionally, you may evaluate how the addition of VANACHAI GROUP to your portfolios can decrease your overall portfolio volatility.
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Please note, there is a significant difference between VANACHAI GROUP's value and its price as these two are different measures arrived at by different means. Investors typically determine VANACHAI GROUP value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VANACHAI GROUP'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.