Central Garden Pet Stock Z Score
CENT Stock | USD 41.29 0.59 1.45% |
Central |
Central Garden Pet Company Z Score Analysis
Central Garden'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..
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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 |
In accordance with the company's disclosures, Central Garden Pet has a Z Score of 0.0. This is 100.0% lower than that of the Household Products sector and 100.0% lower than that of the Consumer Staples industry. The z score for all United States stocks is 100.0% higher than that of the company.
Central Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Central Garden'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 Central Garden could also be used in its relative valuation, which is a method of valuing Central Garden by comparing valuation metrics of similar companies.Central Garden is currently under evaluation in z score category among related companies.
Central Fundamentals
Return On Equity | 0.0976 | ||||
Return On Asset | 0.0451 | ||||
Profit Margin | 0.04 % | ||||
Operating Margin | 0.01 % | ||||
Current Valuation | 3.68 B | ||||
Shares Outstanding | 13.85 M | ||||
Shares Owned By Insiders | 13.92 % | ||||
Shares Owned By Institutions | 86.08 % | ||||
Number Of Shares Shorted | 1.13 M | ||||
Price To Earning | 17.24 X | ||||
Price To Book | 1.93 X | ||||
Price To Sales | 0.75 X | ||||
Revenue | 3.31 B | ||||
Gross Profit | 992.3 M | ||||
EBITDA | 307.17 M | ||||
Net Income | 126.1 M | ||||
Cash And Equivalents | 195.79 M | ||||
Cash Per Share | 3.60 X | ||||
Total Debt | 1.37 B | ||||
Debt To Equity | 1.02 % | ||||
Current Ratio | 3.16 X | ||||
Book Value Per Share | 22.68 X | ||||
Cash Flow From Operations | 381.63 M | ||||
Short Ratio | 11.03 X | ||||
Earnings Per Share | 2.01 X | ||||
Price To Earnings To Growth | 2.56 X | ||||
Target Price | 48.6 | ||||
Number Of Employees | 6.3 K | ||||
Beta | 0.66 | ||||
Market Capitalization | 2.59 B | ||||
Total Asset | 3.38 B | ||||
Retained Earnings | 859.37 M | ||||
Working Capital | 1.25 B | ||||
Current Asset | 714.81 M | ||||
Current Liabilities | 202.22 M | ||||
Net Asset | 3.38 B |
About Central Garden Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Central Garden Pet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Central Garden using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Central Garden Pet 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 Central Garden
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 Central Garden 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 Central Garden will appreciate offsetting losses from the drop in the long position's value.Moving against Central Stock
0.54 | NUS | Nu Skin Enterprises Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Central Garden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Central Garden 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 Central Garden - 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 Central Garden Pet to buy it.
The correlation of Central Garden 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 Central Garden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Garden Pet 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 Central Garden 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.Check out Central Garden Piotroski F Score and Central Garden Valuation analysis. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Central Stock analysis
When running Central Garden's price analysis, check to measure Central Garden'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 Central Garden is operating at the current time. Most of Central Garden's value examination focuses on studying past and present price action to predict the probability of Central Garden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Garden's price. Additionally, you may evaluate how the addition of Central Garden to your portfolios can decrease your overall portfolio volatility.
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Is Central Garden'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 Central Garden. If investors know Central 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 Central Garden listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Central Garden Pet is measured differently than its book value, which is the value of Central that is recorded on the company's balance sheet. Investors also form their own opinion of Central Garden's value that differs from its market value or its book value, called intrinsic value, which is Central Garden'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 Central Garden's market value can be influenced by many factors that don't directly affect Central Garden'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 Central Garden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Garden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Garden'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.