Allegheny Technologies Incorporated Stock Z Score

ATI Stock

USD 50.56 0.54 1.06%

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 Allegheny Technologies Piotroski F Score and Allegheny Technologies Valuation analysis.

As of now, Allegheny Technologies' Invested Capital is increasing as compared to previous years. As of now, Allegheny Technologies' Income Before Tax is decreasing as compared to previous years. The Allegheny Technologies' current Net Income is estimated to increase to about 431.3 M, while Interest Expense is projected to decrease to under 67.3 M.

Allegheny Technologies Incorporated Company Z Score Analysis

Allegheny Technologies' 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 )

Allegheny Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Common Stock	Short Term Debt	Intangible Assets	Long Term Debt	Treasury Stock	Property Plant Equipment	Short Term Investments	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock	Cash And Equivalents
Total Assets		0.9	0.46	0.81	0.65	0.26	0.89	0.83	0.68	-0.71	0.24	0.69	0.41	0.51	0.93	-0.35	0.02	0.52	0.18	0.02	0.59	-0.27	0.45	-0.32	-0.21	0.17
Total Stockholder Equity	0.9		0.15	0.89	0.58	0.34	0.9	0.51	0.5	-0.55	0.24	0.77	0.03	0.14	0.85	-0.56	0.25	0.82	-0.16	-0.27	0.59	-0.48	0.59	-0.44	-0.14	0.09
Net Debt	0.46	0.15		0.16	0.29	0.05	0.37	0.72	0.27	-0.46	-0.18	-0.01	0.81	0.66	0.52	-0.18	-0.48	-0.32	0.72	0.39	-0.02	0.28	0.27	-0.02	-0.17	0.13
Retained Earnings	0.81	0.89	0.16		0.36	0.13	0.93	0.47	0.29	-0.37	0.18	0.81	-0.1	0.08	0.81	-0.38	0.26	0.8	-0.36	-0.47	0.53	-0.41	0.58	-0.74	-0.53	0.49
Accounts Payable	0.65	0.58	0.29	0.36		0.75	0.37	0.54	0.8	-0.31	-0.07	0.38	0.45	0.33	0.46	-0.33	-0.01	0.32	0.29	0.42	0.18	-0.31	0.41	0.23	0.04	0.01
Net Receivables	0.26	0.34	0.05	0.13	0.75		0.11	0.06	0.55	0.02	-0.13	0.35	0.19	-0.2	0.02	-0.4	0.35	0.3	0.15	0.22	-0.17	-0.15	0.43	0.27	0.16	-0.14
Good Will	0.89	0.9	0.37	0.93	0.37	0.11		0.62	0.33	-0.65	0.14	0.74	0.1	0.28	0.92	-0.44	0.09	0.64	-0.1	-0.34	0.49	-0.29	0.5	-0.63	-0.31	0.25
Total Liab	0.83	0.51	0.72	0.47	0.54	0.06	0.62		0.71	-0.71	0.18	0.37	0.78	0.83	0.75	0.01	-0.3	-0.02	0.58	0.38	0.42	0.08	0.15	-0.07	-0.24	0.21
Total Current Assets	0.68	0.5	0.27	0.29	0.8	0.55	0.33	0.71		-0.46	0.34	0.48	0.63	0.43	0.39	-0.09	0.19	0.15	0.49	0.45	0.42	-0.07	0.13	0.26	0.02	-0.03
Common Stock	-0.71	-0.55	-0.46	-0.37	-0.31	0.02	-0.65	-0.71	-0.46		-0.13	-0.35	-0.45	-0.64	-0.7	0.2	0.19	-0.06	-0.43	-0.14	-0.31	-0.07	0.12	0.05	-0.31	0.31
Short Term Debt	0.24	0.24	-0.18	0.18	-0.07	-0.13	0.14	0.18	0.34	-0.13		0.31	0.02	-0.04	0.13	-0.05	0.41	0.27	0.05	-0.21	0.78	0.23	-0.01	-0.17	-0.05	0.05
Intangible Assets	0.69	0.77	-0.01	0.81	0.38	0.35	0.74	0.37	0.48	-0.35	0.31		-0.09	-0.12	0.52	-0.38	0.57	0.72	-0.25	-0.48	0.5	-0.28	0.31	-0.59	-0.31	0.28
Long Term Debt	0.41	0.03	0.81	-0.1	0.45	0.19	0.1	0.78	0.63	-0.45	0.02	-0.09		0.75	0.3	0.07	-0.39	-0.49	0.93	0.74	0.05	0.31	0.03	0.41	0.03	-0.06
Treasury Stock	0.51	0.14	0.66	0.08	0.33	-0.2	0.28	0.83	0.43	-0.64	-0.04	-0.12	0.75		0.53	0.32	-0.68	-0.39	0.62	0.65	0.14	0.19	-0.17	0.17	-0.05	0.05
Property Plant Equipment	0.93	0.85	0.52	0.81	0.46	0.02	0.92	0.75	0.39	-0.7	0.13	0.52	0.3	0.53		-0.38	-0.2	0.5	0.09	-0.07	0.55	-0.28	0.49	-0.44	-0.24	0.18
Short Term Investments	-0.35	-0.56	-0.18	-0.38	-0.33	-0.4	-0.44	0.01	-0.09	0.2	-0.05	-0.38	0.07	0.32	-0.38		-0.3	-0.56	0.03	0.35	-0.25	0.37	-0.56	0.23	-0.24	0.22
Current Deferred Revenue	0.02	0.25	-0.48	0.26	-0.01	0.35	0.09	-0.3	0.19	0.19	0.41	0.57	-0.39	-0.68	-0.2	-0.3		0.52	-0.39	-0.51	0.19	-0.18	0.14	-0.26	-0.07	0.06
Net Tangible Assets	0.52	0.82	-0.32	0.8	0.32	0.3	0.64	-0.02	0.15	-0.06	0.27	0.72	-0.49	-0.39	0.5	-0.56	0.52		-0.63	-0.62	0.53	-0.57	0.61	-0.57	-0.23	0.2
Long Term Debt Total	0.18	-0.16	0.72	-0.36	0.29	0.15	-0.1	0.58	0.49	-0.43	0.05	-0.25	0.93	0.62	0.09	0.03	-0.39	-0.63		0.71	-0.05	0.48	-0.14	0.57	0.33	-0.34
Capital Surpluse	0.02	-0.27	0.39	-0.47	0.42	0.22	-0.34	0.38	0.45	-0.14	-0.21	-0.48	0.74	0.65	-0.07	0.35	-0.51	-0.62	0.71		-0.27	0.12	-0.2	0.75	0.25	-0.24
Deferred Long Term Liab	0.59	0.59	-0.02	0.53	0.18	-0.17	0.49	0.42	0.42	-0.31	0.78	0.5	0.05	0.14	0.55	-0.25	0.19	0.53	-0.05	-0.27		-0.2	0.2	-0.35	-0.19	0.17
Short Long Term Debt	-0.27	-0.48	0.28	-0.41	-0.31	-0.15	-0.29	0.08	-0.07	-0.07	0.23	-0.28	0.31	0.19	-0.28	0.37	-0.18	-0.57	0.48	0.12	-0.2		-0.34	0.18	0.08	-0.06
Net Invested Capital	0.45	0.59	0.27	0.58	0.41	0.43	0.5	0.15	0.13	0.12	-0.01	0.31	0.03	-0.17	0.49	-0.56	0.14	0.61	-0.14	-0.2	0.2	-0.34		-0.28	-0.37	0.27
Net Working Capital	-0.32	-0.44	-0.02	-0.74	0.23	0.27	-0.63	-0.07	0.26	0.05	-0.17	-0.59	0.41	0.17	-0.44	0.23	-0.26	-0.57	0.57	0.75	-0.35	0.18	-0.28		0.65	-0.65
Capital Stock	-0.21	-0.14	-0.17	-0.53	0.04	0.16	-0.31	-0.24	0.02	-0.31	-0.05	-0.31	0.03	-0.05	-0.24	-0.24	-0.07	-0.23	0.33	0.25	-0.19	0.08	-0.37	0.65		-0.95
Cash And Equivalents	0.17	0.09	0.13	0.49	0.01	-0.14	0.25	0.21	-0.03	0.31	0.05	0.28	-0.06	0.05	0.18	0.22	0.06	0.2	-0.34	-0.24	0.17	-0.06	0.27	-0.65	-0.95

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 Allegheny Technologies

In accordance with the company's disclosures, Allegheny Technologies Incorporated has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Allegheny Technologies Institutional Holders

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

		Shares
Dimensional Fund Advisors, Inc.	2023-12-31	2.3 M
Palestra Capital Management Llc	2023-09-30	2.2 M
Morgan Stanley - Brokerage Accounts	2023-12-31	2.1 M
Capital World Investors	2023-12-31	2 M
Loomis, Sayles & Company Lp	2023-12-31	1.6 M
Charles Schwab Investment Management Inc	2023-12-31	1.6 M
Driehaus Capital Management Llc	2023-12-31	1.5 M
Channing Capital Management, Llc	2023-12-31	1.5 M
Allspring Global Investments Holdings, Llc	2023-12-31	1.5 M
Blackrock Inc	2023-12-31	20.2 M
Capital Research & Mgmt Co - Division 3	2023-12-31	15.2 M

Allegheny Fundamentals

	Return On Equity	0.32
	Return On Asset	0.0537
	Profit Margin	0.1 %
	Operating Margin	0.09 %
	Current Valuation	8.14 B
	Shares Outstanding	124.44 M
	Shares Owned By Insiders	1.10 %
	Shares Owned By Institutions	98.90 %
	Number Of Shares Shorted	6.38 M
	Price To Earning	153.89 X
	Price To Book	4.68 X
	Price To Sales	1.54 X
	Revenue	7.54 B
	Gross Profit	714.2 M
	EBITDA	466.4 M
	Net Income	410.8 M
	Cash And Equivalents	584 M
	Cash Per Share	2.55 X
	Total Debt	2.18 B
	Debt To Equity	1.84 %
	Current Ratio	2.88 X
	Book Value Per Share	10.82 X
	Cash Flow From Operations	85.9 M
	Short Ratio	5.02 X
	Earnings Per Share	2.81 X
	Price To Earnings To Growth	1.20 X
	Target Price	56.89
	Number Of Employees	7.3 K
	Beta	1.23
	Market Capitalization	6.36 B
	Total Asset	4.99 B
	Retained Earnings	(70.1 M)
	Working Capital	1.76 B
	Current Asset	1.87 B
	Current Liabilities	686.5 M
	Five Year Return	2.44 %
	Net Asset	4.99 B

About Allegheny Technologies Fundamental Analysis

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

Pair Trading with Allegheny Technologies

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 Allegheny Technologies 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 Allegheny Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allegheny Stock

0.91	ESAB	ESAB Corp Financial Report 7th of May 2024	Pair Corr
0.74	CRS	Carpenter Technology Report 25th of April 2024	Pair Corr

Moving against Allegheny Stock

0.85	SGBX	SG Blocks	Pair Corr
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0.69	AZ	A2Z Smart Technologies	Pair Corr
0.53	PRLB	Proto Labs Financial Report 3rd of May 2024	Pair Corr
0.5	AP	Ampco Pittsburgh	Pair Corr

The ability to find closely correlated positions to Allegheny Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegheny Technologies 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 Allegheny Technologies - 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 Allegheny Technologies Incorporated to buy it.

The correlation of Allegheny Technologies 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 Allegheny Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegheny Technologies 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 Allegheny Technologies 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 Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:

How To Invest In Allegheny

Details

Is Allegheny Stock a good investment?

Details

What is Allegheny Technologies' Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Metal Fabrication Companies

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Check out Allegheny Technologies Piotroski F Score and Allegheny Technologies Valuation analysis.

You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Allegheny Stock analysis

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

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Is Allegheny Technologies' 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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

(0.32)

Earnings Share

2.81

Revenue Per Share

32.582

Quarterly Revenue Growth

0.053

Return On Assets

0.0537

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

Allegheny Technologies Incorporated 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 )

Allegheny Z Score Driver Correlations

Allegheny Technologies Institutional Holders

Allegheny Fundamentals

About Allegheny Technologies Fundamental Analysis

Pair Trading with Allegheny Technologies

Moving together with Allegheny Stock

Moving against Allegheny Stock

Complementary Tools for Allegheny Stock analysis

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