European Wax Center Stock Z Score
| EWCZ Stock | USD 11.66 0.15 1.30% |
European | Z Score |
European Wax Center Company Z Score Analysis
European Wax'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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European Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for European Wax is extremely important. It helps to project a fair market value of European Stock properly, considering its historical fundamentals such as Z Score. Since European Wax'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 European Wax'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 European Wax's interrelated accounts and indicators.
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 |
According to the company's disclosures, European Wax Center has a Z Score of 0.0. This is 100.0% lower than that of the Diversified Consumer Services sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.
European Wax Institutional Holders
Institutional Holdings refers to the ownership stake in European Wax that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of European Wax'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 European Wax's value.| Shares | Federated Hermes Inc | 2023-12-31 | 1.4 M | Neuberger Berman Group Llc | 2023-12-31 | 1.2 M | Timessquare Capital Management, Llc | 2023-12-31 | 1.2 M | Southpoint Capital Advisors Lp | 2023-12-31 | 1000 K | Bank Of New York Mellon Corp | 2023-12-31 | 894.5 K | Geode Capital Management, Llc | 2023-12-31 | 758.4 K | Woodson Capital Management, Lp | 2023-12-31 | 692.9 K | State Street Corporation | 2023-12-31 | 686 K | Dimensional Fund Advisors, Inc. | 2023-12-31 | 644 K | General Atlantic Llc | 2023-12-31 | 13.1 M | Champlain Investment Partners, Llc | 2023-12-31 | 3.3 M |
European Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.0386 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.23 % | ||||
| Current Valuation | 927.01 M | ||||
| Shares Outstanding | 48.61 M | ||||
| Shares Owned By Insiders | 7.72 % | ||||
| Shares Owned By Institutions | 92.28 % | ||||
| Number Of Shares Shorted | 5.94 M | ||||
| Price To Book | 6.71 X | ||||
| Price To Sales | 3.17 X | ||||
| Revenue | 221.02 M | ||||
| Gross Profit | 148.12 M | ||||
| EBITDA | 65.03 M | ||||
| Net Income | 8.93 M | ||||
| Cash And Equivalents | 31.19 M | ||||
| Cash Per Share | 0.79 X | ||||
| Total Debt | 380.39 M | ||||
| Debt To Equity | 2.84 % | ||||
| Current Ratio | 2.57 X | ||||
| Book Value Per Share | 1.72 X | ||||
| Cash Flow From Operations | 55.6 M | ||||
| Short Ratio | 13.69 X | ||||
| Earnings Per Share | 0.17 X | ||||
| Price To Earnings To Growth | 0.32 X | ||||
| Target Price | 18.0 | ||||
| Number Of Employees | 120 | ||||
| Beta | 1.37 | ||||
| Market Capitalization | 709.24 M | ||||
| Total Asset | 735.73 M | ||||
| Retained Earnings | (109.51 M) | ||||
| Working Capital | 57.67 M | ||||
| Net Asset | 735.73 M |
About European Wax Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze European Wax Center's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of European Wax using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of European Wax Center 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.
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 European Wax 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, European Wax's short interest history, or implied volatility extrapolated from European Wax options trading.
Pair Trading with European Wax
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 European Wax 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 European Wax will appreciate offsetting losses from the drop in the long position's value.Moving against European Stock
| 0.8 | VERU | Veru Inc Financial Report 9th of May 2024 | PairCorr |
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| 0.69 | CL | Colgate Palmolive Financial Report 26th of July 2024 | PairCorr |
The ability to find closely correlated positions to European Wax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace European Wax 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 European Wax - 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 European Wax Center to buy it.
The correlation of European Wax 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 European Wax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if European Wax Center 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 European Wax 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 European Wax Piotroski F Score and European Wax Valuation analysis. Note that the European Wax Center information on this page should be used as a complementary analysis to other European Wax's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for European Stock analysis
When running European Wax's price analysis, check to measure European Wax'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 European Wax is operating at the current time. Most of European Wax's value examination focuses on studying past and present price action to predict the probability of European Wax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move European Wax's price. Additionally, you may evaluate how the addition of European Wax to your portfolios can decrease your overall portfolio volatility.
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Is European Wax'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 European Wax. If investors know European 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 European Wax 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 1.361 | Earnings Share 0.17 | Revenue Per Share 4.464 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0386 |
The market value of European Wax Center is measured differently than its book value, which is the value of European that is recorded on the company's balance sheet. Investors also form their own opinion of European Wax's value that differs from its market value or its book value, called intrinsic value, which is European Wax'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 European Wax's market value can be influenced by many factors that don't directly affect European Wax'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 European Wax's value and its price as these two are different measures arrived at by different means. Investors typically determine if European Wax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, European Wax'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.