Alaska Air Group Stock Z Score

ALK Stock

USD 40.98 0.32 0.77%

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. Check out Alaska Air Piotroski F Score and Alaska Air Valuation analysis.

At this time, Alaska Air's Capital Expenditures is quite stable compared to the past year. Long Term Debt To Capitalization is expected to rise to 0.54 this year, although the value of Net Working Capital is projected to rise to (1.3 B). At this time, Alaska Air's EBIT is quite stable compared to the past year. EBITDA is expected to rise to about 1.4 B this year, although the value of Income Before Tax will most likely fall to about 242.1 M.

Alaska Air Group Company Z Score Analysis

Alaska Air'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

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 )

Alaska Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Alaska Air is extremely important. It helps to project a fair market value of Alaska Stock properly, considering its historical fundamentals such as Z Score. Since Alaska Air's 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 Alaska Air's 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 Alaska Air's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Short Term Investments	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.94	0.96	0.92	0.88	0.99	0.67	0.71	0.72	0.69	0.87	0.66	-0.55	0.71	-0.9	0.95	0.45	0.64	-0.34	-0.96	-0.74	0.56	0.29	0.23	-0.46	-0.52
Total Stockholder Equity	0.94		0.87	0.99	0.83	0.89	0.55	0.53	0.6	0.63	0.78	0.59	-0.59	0.61	-0.87	0.93	0.45	0.52	-0.54	-0.94	-0.83	0.39	0.03	0.02	-0.52	-0.42
Net Debt	0.96	0.87		0.86	0.85	0.97	0.66	0.73	0.75	0.7	0.86	0.62	-0.54	0.74	-0.89	0.91	0.41	0.72	-0.27	-0.94	-0.69	0.59	0.36	0.28	-0.41	-0.52
Retained Earnings	0.92	0.99	0.86		0.84	0.87	0.55	0.57	0.53	0.61	0.72	0.57	-0.68	0.65	-0.91	0.9	0.45	0.57	-0.61	-0.94	-0.82	0.46	0.07	-0.03	-0.48	-0.35
Net Receivables	0.88	0.83	0.85	0.84		0.87	0.79	0.77	0.54	0.56	0.7	0.76	-0.63	0.74	-0.85	0.74	0.24	0.67	-0.45	-0.87	-0.73	0.68	0.41	0.19	-0.05	-0.29
Total Liab	0.99	0.89	0.97	0.87	0.87		0.7	0.76	0.74	0.69	0.88	0.67	-0.52	0.72	-0.89	0.93	0.44	0.66	-0.27	-0.94	-0.68	0.61	0.38	0.3	-0.42	-0.54
Total Current Assets	0.67	0.55	0.66	0.55	0.79	0.7		0.78	0.38	0.56	0.54	0.95	-0.3	0.69	-0.65	0.46	0.13	0.56	-0.15	-0.67	-0.58	0.64	0.57	0.09	0.15	0.12
Short Term Debt	0.71	0.53	0.73	0.57	0.77	0.76	0.78		0.29	0.41	0.44	0.61	-0.4	0.65	-0.74	0.51	0.2	0.61	-0.14	-0.67	-0.45	0.95	0.8	0.16	-0.01	-0.14
Intangible Assets	0.72	0.6	0.75	0.53	0.54	0.74	0.38	0.29		0.76	0.94	0.45	-0.35	0.39	-0.57	0.79	0.34	0.42	0.11	-0.72	-0.37	0.12	0.07	0.47	-0.47	-0.69
Accounts Payable	0.69	0.63	0.7	0.61	0.56	0.69	0.56	0.41	0.76		0.76	0.59	-0.46	0.57	-0.76	0.7	0.4	0.58	0.15	-0.74	-0.3	0.21	0.0	0.0	-0.46	-0.18
Current Deferred Revenue	0.87	0.78	0.86	0.72	0.7	0.88	0.54	0.44	0.94	0.76		0.6	-0.46	0.58	-0.73	0.9	0.47	0.55	-0.11	-0.85	-0.57	0.27	0.13	0.41	-0.47	-0.63
Short Term Investments	0.66	0.59	0.62	0.57	0.76	0.67	0.95	0.61	0.45	0.59	0.6		-0.26	0.61	-0.63	0.49	0.06	0.47	-0.18	-0.69	-0.61	0.44	0.37	0.01	0.12	0.11
Common Stock	-0.55	-0.59	-0.54	-0.68	-0.63	-0.52	-0.3	-0.4	-0.35	-0.46	-0.46	-0.26		-0.49	0.7	-0.55	-0.33	-0.52	0.55	0.66	0.44	-0.38	-0.12	-0.01	0.25	0.2
Long Term Debt	0.71	0.61	0.74	0.65	0.74	0.72	0.69	0.65	0.39	0.57	0.58	0.61	-0.49		-0.78	0.56	0.44	0.97	-0.3	-0.67	-0.46	0.62	0.32	0.18	-0.05	-0.1
Treasury Stock	-0.9	-0.87	-0.89	-0.91	-0.85	-0.89	-0.65	-0.74	-0.57	-0.76	-0.73	-0.63	0.7	-0.78		-0.83	-0.39	-0.75	0.36	0.93	0.6	-0.62	-0.27	0.0	0.38	0.27
Property Plant Equipment	0.95	0.93	0.91	0.9	0.74	0.93	0.46	0.51	0.79	0.7	0.9	0.49	-0.55	0.56	-0.83		0.53	0.5	-0.32	-0.92	-0.69	0.35	0.08	0.24	-0.66	-0.65
Net Tangible Assets	0.45	0.45	0.41	0.45	0.24	0.44	0.13	0.2	0.34	0.4	0.47	0.06	-0.33	0.44	-0.39	0.53		0.42	-0.23	-0.42	-0.39	0.25	-0.06	0.19	-0.64	-0.31
Long Term Debt Total	0.64	0.52	0.72	0.57	0.67	0.66	0.56	0.61	0.42	0.58	0.55	0.47	-0.52	0.97	-0.75	0.5	0.42		-0.21	-0.62	-0.33	0.61	0.33	0.22	-0.05	-0.15
Capital Surpluse	-0.34	-0.54	-0.27	-0.61	-0.45	-0.27	-0.15	-0.14	0.11	0.15	-0.11	-0.18	0.55	-0.3	0.36	-0.32	-0.23	-0.21		0.4	0.71	-0.22	0.06	0.11	0.04	0.04
Accumulated Depreciation	-0.96	-0.94	-0.94	-0.94	-0.87	-0.94	-0.67	-0.67	-0.72	-0.74	-0.85	-0.69	0.66	-0.67	0.93	-0.92	-0.42	-0.62	0.4		0.77	-0.52	-0.24	-0.08	0.46	0.4
Long Term Investments	-0.74	-0.83	-0.69	-0.82	-0.73	-0.68	-0.58	-0.45	-0.37	-0.3	-0.57	-0.61	0.44	-0.46	0.6	-0.69	-0.39	-0.33	0.71	0.77		-0.38	-0.15	-0.04	0.26	0.22
Short Long Term Debt	0.56	0.39	0.59	0.46	0.68	0.61	0.64	0.95	0.12	0.21	0.27	0.44	-0.38	0.62	-0.62	0.35	0.25	0.61	-0.22	-0.52	-0.38		0.82	0.18	0.09	-0.11
Cash And Equivalents	0.29	0.03	0.36	0.07	0.41	0.38	0.57	0.8	0.07	0.0	0.13	0.37	-0.12	0.32	-0.27	0.08	-0.06	0.33	0.06	-0.24	-0.15	0.82		0.4	0.34	-0.07
Net Invested Capital	0.23	0.02	0.28	-0.03	0.19	0.3	0.09	0.16	0.47	0.0	0.41	0.01	-0.01	0.18	0.0	0.24	0.19	0.22	0.11	-0.08	-0.04	0.18	0.4		0.09	-0.67
Net Working Capital	-0.46	-0.52	-0.41	-0.48	-0.05	-0.42	0.15	-0.01	-0.47	-0.46	-0.47	0.12	0.25	-0.05	0.38	-0.66	-0.64	-0.05	0.04	0.46	0.26	0.09	0.34	0.09		0.49
Capital Stock	-0.52	-0.42	-0.52	-0.35	-0.29	-0.54	0.12	-0.14	-0.69	-0.18	-0.63	0.11	0.2	-0.1	0.27	-0.65	-0.31	-0.15	0.04	0.4	0.22	-0.11	-0.07	-0.67	0.49

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores 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 highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Alaska Air

In accordance with the company's disclosures, Alaska Air Group has a Z Score of 0.0. This is 100.0% lower than that of the Passenger Airlines sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Alaska Air Institutional Holders

Institutional Holdings refers to the ownership stake in Alaska Air that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Alaska Air's 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 Alaska Air's value.

		Shares
Fmr Inc	2023-12-31	1.8 M
Massachusetts Financial Services Company	2023-12-31	1.6 M
Us Global Investors Inc	2023-12-31	1.4 M
Bank Of New York Mellon Corp	2023-12-31	1.3 M
Diamond Hill Capital Management Inc	2023-12-31	1.2 M
Citadel Advisors Llc	2023-09-30	1.2 M
Brandywine Global Investment Mgmt Llc	2023-12-31	1.1 M
American Century Companies Inc	2023-12-31	1 M
Par Capital Management Inc	2023-12-31	1 M
Blackrock Inc	2023-12-31	16.5 M
Vanguard Group Inc	2023-12-31	14 M

Alaska Fundamentals

	Return On Equity	0.0593
	Return On Asset	0.0355
	Profit Margin	0.02 %
	Operating Margin	0.03 %
	Current Valuation	7.19 B
	Shares Outstanding	125.8 M
	Shares Owned By Insiders	0.43 %
	Shares Owned By Institutions	83.25 %
	Number Of Shares Shorted	6.02 M
	Price To Earning	112.95 X
	Price To Book	1.26 X
	Price To Sales	0.50 X
	Revenue	10.43 B
	Gross Profit	2.36 B
	EBITDA	1.35 B
	Net Income	235 M
	Cash And Equivalents	338 M
	Cash Per Share	24.83 X
	Total Debt	3.82 B
	Debt To Equity	1.03 %
	Current Ratio	0.81 X
	Book Value Per Share	32.62 X
	Cash Flow From Operations	1.05 B
	Short Ratio	2.67 X
	Earnings Per Share	1.83 X
	Price To Earnings To Growth	1.30 X
	Target Price	54.0
	Number Of Employees	23.18 K
	Beta	1.63
	Market Capitalization	5.2 B
	Total Asset	15.83 B
	Retained Earnings	4.54 B
	Working Capital	(1.47 B)
	Current Asset	1.66 B
	Current Liabilities	1.8 B
	Five Year Return	1.95 %
	Net Asset	15.83 B

About Alaska Air Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Alaska Air Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alaska Air using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alaska Air Group 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.

Pair Trading with Alaska Air

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alaska Air position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alaska Air will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alaska Stock

0.61	B	Barnes Group Financial Report 25th of April 2024	Pair Corr
0.69	J	Jacobs Solutions Financial Report 14th of May 2024	Pair Corr
0.81	DIST	Distoken Acquisition	Pair Corr

Moving against Alaska Stock

0.84	GP	GreenPower Motor Financial Report 12th of July 2024	Pair Corr
0.78	AZ	A2Z Smart Technologies	Pair Corr
0.75	BA	Boeing Report 24th of April 2024	Pair Corr
0.68	AP	Ampco Pittsburgh	Pair Corr
0.67	HA	Hawaiian Holdings Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Alaska Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alaska Air when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alaska Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alaska Air Group to buy it.

The correlation of Alaska Air is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alaska Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alaska Air Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Alaska Air can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Alaska Air Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Alaska Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Alaska Air Group Stock. Highlighted below are key reports to facilitate an investment decision about Alaska Air Group Stock:

How To Invest In Alaska

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Is Alaska Stock a good investment?

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What is Alaska Air's Net Worth?

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Largest Passenger Airlines Companies

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Largest Transportation Companies

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Check out Alaska Air Piotroski F Score and Alaska Air Valuation analysis.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Alaska Air's price analysis, check to measure Alaska Air'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 Alaska Air is operating at the current time. Most of Alaska Air's value examination focuses on studying past and present price action to predict the probability of Alaska Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alaska Air's price. Additionally, you may evaluate how the addition of Alaska Air to your portfolios can decrease your overall portfolio volatility.

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Is Alaska Air'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 Alaska Air. If investors know Alaska 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 Alaska Air 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

2.484

Earnings Share

1.83

Revenue Per Share

81.853

Quarterly Revenue Growth

0.03

Return On Assets

0.0355

The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air'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 Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air'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 Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Alaska Air Group Stock Z Score

Alaska Air Group Company Z Score Analysis

Z Score

Sum Of

5 Factors

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 )

Alaska Z Score Driver Correlations

Alaska Air Institutional Holders

Alaska Fundamentals

About Alaska Air Fundamental Analysis

Pair Trading with Alaska Air

Moving together with Alaska Stock

Moving against Alaska Stock

Complementary Tools for Alaska Stock analysis

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