Equinor Asa Adr Stock Z Score

EQNR Stock

USD 27.23 0.02 0.07%

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 Equinor ASA Piotroski F Score and Equinor ASA Valuation analysis.

At this time, Equinor ASA's Net Invested Capital is relatively stable compared to the past year. As of 04/19/2024, Change In Working Capital is likely to grow to about 5.2 B, while Net Working Capital is likely to drop slightly above 18.7 B. At this time, Equinor ASA's Interest Expense is relatively stable compared to the past year. As of 04/19/2024, Research Development is likely to grow to about 326.5 M, while Total Revenue is likely to drop slightly above 76.5 B.

Equinor ASA ADR Company Z Score Analysis

Equinor ASA'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 )

Equinor Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Short Term Investments	Intangible Assets	Property Plant Equipment	Treasury Stock	Good Will	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.91	0.54	0.35	0.73	0.75	0.79	0.97	0.66	0.48	0.74	0.65	0.38	0.44	0.84	-0.85	0.58	0.26	0.24	0.26	-0.14	0.22	0.28	0.42	0.03
Total Stockholder Equity	0.91		0.38	0.09	0.72	0.89	0.66	0.78	0.47	0.21	0.77	0.5	0.17	0.65	0.88	-0.79	0.51	0.34	-0.07	-0.01	0.06	-0.01	0.16	0.18	0.09
Current Deferred Revenue	0.54	0.38		-0.12	0.72	0.18	0.77	0.59	0.88	0.74	0.33	0.01	0.76	-0.09	0.21	-0.25	0.54	0.52	0.41	0.47	-0.44	0.39	0.7	0.75	-0.57
Net Debt	0.35	0.09	-0.12		0.0	0.03	-0.04	0.47	0.09	0.38	0.12	0.85	0.19	-0.02	0.37	-0.58	-0.13	-0.49	0.49	0.27	-0.32	0.43	-0.12	0.04	0.13
Retained Earnings	0.73	0.72	0.72	0.0		0.61	0.71	0.67	0.81	0.69	0.64	0.24	0.68	0.23	0.56	-0.57	0.54	0.49	0.38	0.35	-0.5	0.45	0.7	0.58	-0.55
Accounts Payable	0.75	0.89	0.18	0.03	0.61		0.56	0.6	0.3	0.12	0.76	0.38	0.01	0.77	0.8	-0.67	0.58	0.31	-0.21	0.01	0.23	-0.21	0.06	0.01	0.07
Net Receivables	0.79	0.66	0.77	-0.04	0.71	0.56		0.8	0.82	0.52	0.52	0.17	0.56	0.14	0.4	-0.45	0.66	0.6	0.27	0.4	-0.17	0.23	0.58	0.73	-0.14
Total Liab	0.97	0.78	0.59	0.47	0.67	0.6	0.8		0.71	0.59	0.66	0.69	0.48	0.28	0.74	-0.81	0.57	0.2	0.41	0.4	-0.24	0.33	0.33	0.52	0.0
Total Current Assets	0.66	0.47	0.88	0.09	0.81	0.3	0.82	0.71		0.82	0.31	0.25	0.91	-0.17	0.25	-0.39	0.47	0.5	0.52	0.48	-0.52	0.48	0.85	0.89	-0.58
Short Term Debt	0.48	0.21	0.74	0.38	0.69	0.12	0.52	0.59	0.82		0.28	0.3	0.88	-0.24	0.22	-0.36	0.42	0.23	0.78	0.76	-0.75	0.71	0.7	0.71	-0.7
Common Stock	0.74	0.77	0.33	0.12	0.64	0.76	0.52	0.66	0.31	0.28		0.37	0.01	0.74	0.83	-0.76	0.58	-0.01	0.14	0.18	-0.09	0.09	-0.01	-0.01	0.0
Long Term Debt	0.65	0.5	0.01	0.85	0.24	0.38	0.17	0.69	0.25	0.3	0.37		0.18	0.28	0.69	-0.83	0.02	-0.38	0.26	0.05	-0.13	0.2	-0.09	0.05	0.15
Short Term Investments	0.38	0.17	0.76	0.19	0.68	0.01	0.56	0.48	0.91	0.88	0.01	0.18		-0.45	0.0	-0.2	0.24	0.43	0.66	0.53	-0.72	0.67	0.91	0.89	-0.73
Intangible Assets	0.44	0.65	-0.09	-0.02	0.23	0.77	0.14	0.28	-0.17	-0.24	0.74	0.28	-0.45		0.77	-0.59	0.31	-0.12	-0.47	-0.35	0.42	-0.44	-0.44	-0.52	0.25
Property Plant Equipment	0.84	0.88	0.21	0.37	0.56	0.8	0.4	0.74	0.25	0.22	0.83	0.69	0.0	0.77		-0.9	0.43	-0.04	0.01	0.01	0.01	0.02	-0.12	-0.11	0.11
Treasury Stock	-0.85	-0.79	-0.25	-0.58	-0.57	-0.67	-0.45	-0.81	-0.39	-0.36	-0.76	-0.83	-0.2	-0.59	-0.9		-0.25	0.17	-0.21	-0.02	0.18	-0.22	-0.04	-0.08	-0.05
Good Will	0.58	0.51	0.54	-0.13	0.54	0.58	0.66	0.57	0.47	0.42	0.58	0.02	0.24	0.31	0.43	-0.25		0.46	0.17	0.54	-0.03	0.06	0.26	0.32	-0.14
Net Tangible Assets	0.26	0.34	0.52	-0.49	0.49	0.31	0.6	0.2	0.5	0.23	-0.01	-0.38	0.43	-0.12	-0.04	0.17	0.46		-0.02	0.26	-0.06	0.09	0.58	0.58	-0.23
Long Term Investments	0.24	-0.07	0.41	0.49	0.38	-0.21	0.27	0.41	0.52	0.78	0.14	0.26	0.66	-0.47	0.01	-0.21	0.17	-0.02		0.76	-0.89	0.92	0.49	0.59	-0.41
Short Long Term Debt	0.26	-0.01	0.47	0.27	0.35	0.01	0.4	0.4	0.48	0.76	0.18	0.05	0.53	-0.35	0.01	-0.02	0.54	0.26	0.76		-0.53	0.58	0.4	0.54	-0.33
Long Term Debt Total	-0.14	0.06	-0.44	-0.32	-0.5	0.23	-0.17	-0.24	-0.52	-0.75	-0.09	-0.13	-0.72	0.42	0.01	0.18	-0.03	-0.06	-0.89	-0.53		-0.96	-0.61	-0.53	0.63
Capital Surpluse	0.22	-0.01	0.39	0.43	0.45	-0.21	0.23	0.33	0.48	0.71	0.09	0.2	0.67	-0.44	0.02	-0.22	0.06	0.09	0.92	0.58	-0.96		0.54	0.55	-0.43
Net Invested Capital	0.28	0.16	0.7	-0.12	0.7	0.06	0.58	0.33	0.85	0.7	-0.01	-0.09	0.91	-0.44	-0.12	-0.04	0.26	0.58	0.49	0.4	-0.61	0.54		0.88	-0.7
Net Working Capital	0.42	0.18	0.75	0.04	0.58	0.01	0.73	0.52	0.89	0.71	-0.01	0.05	0.89	-0.52	-0.11	-0.08	0.32	0.58	0.59	0.54	-0.53	0.55	0.88		-0.45
Capital Stock	0.03	0.09	-0.57	0.13	-0.55	0.07	-0.14	0.0	-0.58	-0.7	0.0	0.15	-0.73	0.25	0.11	-0.05	-0.14	-0.23	-0.41	-0.33	0.63	-0.43	-0.7	-0.45

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 Equinor ASA

According to the company's disclosures, Equinor ASA ADR has a Z Score of 0.0. This is 100.0% lower than that of the Oil, Gas & Consumable Fuels sector and 100.0% lower than that of the Energy industry. The z score for all United States stocks is 100.0% higher than that of the company.

Equinor ASA Institutional Holders

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

		Shares
Optiver Holding B.v.	2023-12-31	1.3 M
Teachers Retirement System Of The State Of Kentucky	2023-12-31	1.1 M
Atlantic Trust Group, Llc	2023-12-31	1 M
Van Eck Associates Corporation	2023-12-31	1 M
Citigroup Inc	2023-12-31	1 M
Royal Bank Of Canada	2023-12-31	892.6 K
Sei Investments Co	2023-12-31	838 K
F.l.putnam Investment Management	2023-12-31	805.3 K
Ci Investments Inc	2023-12-31	744.4 K
Folketrygdfondet	2023-12-31	108 M
Fmr Inc	2023-12-31	10.7 M

Equinor Fundamentals

	Return On Equity	0.23
	Return On Asset	0.15
	Profit Margin	0.11 %
	Operating Margin	0.28 %
	Current Valuation	73.13 B
	Shares Outstanding	2.93 B
	Shares Owned By Institutions	5.79 %
	Number Of Shares Shorted	11.2 M
	Price To Earning	4.99 X
	Price To Book	1.70 X
	Price To Sales	0.79 X
	Revenue	106.85 B
	Gross Profit	85.59 B
	EBITDA	46.08 B
	Net Income	11.88 B
	Cash And Equivalents	44.34 B
	Cash Per Share	14.09 X
	Total Debt	31.8 B
	Debt To Equity	0.75 %
	Current Ratio	1.65 X
	Book Value Per Share	16.47 X
	Cash Flow From Operations	24.7 B
	Short Ratio	3.10 X
	Earnings Per Share	3.93 X
	Price To Earnings To Growth	3.57 X
	Target Price	30.68
	Number Of Employees	23.45 K
	Beta	0.35
	Market Capitalization	79.81 B
	Total Asset	143.58 B
	Retained Earnings	56.52 B
	Working Capital	25.86 B
	Current Asset	27.95 B
	Current Liabilities	19.14 B
	Annual Yield	0.05 %
	Five Year Return	3.93 %
	Net Asset	143.58 B
	Last Dividend Paid	1.25

About Equinor ASA Fundamental Analysis

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

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 Equinor ASA 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 Equinor ASA will appreciate offsetting losses from the drop in the long position's value.

Moving against Equinor Stock

0.65

NuStar Energy LP Financial Report 2nd of May 2024

Pair Corr

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

The correlation of Equinor ASA 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 Equinor ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinor ASA ADR 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 Equinor ASA 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 Equinor ASA ADR is a strong investment it is important to analyze Equinor ASA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Equinor ASA's future performance. For an informed investment choice regarding Equinor Stock, refer to the following important reports:

How To Invest In Equinor

Details

Is Equinor Stock a good investment?

Details

What is Equinor ASA's Net Worth?

Details

Largest Oil, Gas & Consumable Fuels Companies

View

Largest Oil & Gas Integrated Companies

View

Check out Equinor ASA Piotroski F Score and Equinor ASA Valuation analysis.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Equinor Stock analysis

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

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Is Equinor ASA'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 Equinor ASA. If investors know Equinor 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 Equinor ASA 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

(0.65)

Dividend Share

1.25

Earnings Share

3.93

Revenue Per Share

17.684

Quarterly Revenue Growth

(0.15)

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

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Equinor Asa Adr Stock Z Score

Equinor ASA ADR 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 )

Equinor Z Score Driver Correlations

Equinor ASA Institutional Holders

Equinor Fundamentals

About Equinor ASA Fundamental Analysis

Pair Trading with Equinor ASA

Moving against Equinor Stock

Complementary Tools for Equinor Stock analysis

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