Heritage Insurance Hldgs Stock Z Score
| HRTG Stock | USD 8.55 0.12 1.38% |
Heritage |
Heritage Insurance Hldgs Company Z Score Analysis
Heritage Insurance'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..
| |||||||
| |||||||
| |||||||
| |||||||
|
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, Heritage Insurance Hldgs has a Z Score of 0.0. This is 100.0% lower than that of the Insurance sector and about the same as Financials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Heritage Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Heritage Insurance'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 Heritage Insurance could also be used in its relative valuation, which is a method of valuing Heritage Insurance by comparing valuation metrics of similar companies.Heritage Insurance is currently under evaluation in z score category among related companies.
Heritage Fundamentals
| Return On Equity | 0.23 | ||||
| Return On Asset | 0.0194 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 42.55 M | ||||
| Shares Outstanding | 30.64 M | ||||
| Shares Owned By Insiders | 26.73 % | ||||
| Shares Owned By Institutions | 53.39 % | ||||
| Number Of Shares Shorted | 787.39 K | ||||
| Price To Earning | 5.09 X | ||||
| Price To Book | 1.29 X | ||||
| Price To Sales | 0.39 X | ||||
| Revenue | 737.73 M | ||||
| Gross Profit | 4.99 M | ||||
| EBITDA | 63.22 M | ||||
| Net Income | 45.31 M | ||||
| Cash And Equivalents | 290.93 M | ||||
| Cash Per Share | 11.26 X | ||||
| Total Debt | 148.19 M | ||||
| Debt To Equity | 0.84 % | ||||
| Current Ratio | 0.68 X | ||||
| Book Value Per Share | 7.73 X | ||||
| Cash Flow From Operations | 70.42 M | ||||
| Short Ratio | 2.42 X | ||||
| Earnings Per Share | 1.65 X | ||||
| Target Price | 10.0 | ||||
| Number Of Employees | 566 | ||||
| Beta | 0.92 | ||||
| Market Capitalization | 280.32 M | ||||
| Total Asset | 1.41 B | ||||
| Retained Earnings | 26.12 M | ||||
| Five Year Return | 2.79 % | ||||
| Net Asset | 1.41 B |
About Heritage Insurance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Heritage Insurance Hldgs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Heritage Insurance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Heritage Insurance Hldgs 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.
Currently Active Assets on Macroaxis
When determining whether Heritage Insurance Hldgs is a strong investment it is important to analyze Heritage Insurance'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 Heritage Insurance's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:Check out Heritage Insurance Piotroski F Score and Heritage Insurance Valuation analysis. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Heritage Stock analysis
When running Heritage Insurance's price analysis, check to measure Heritage Insurance'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 Heritage Insurance is operating at the current time. Most of Heritage Insurance's value examination focuses on studying past and present price action to predict the probability of Heritage Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heritage Insurance's price. Additionally, you may evaluate how the addition of Heritage Insurance to your portfolios can decrease your overall portfolio volatility.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
Is Heritage Insurance'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 Heritage Insurance. If investors know Heritage 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 Heritage Insurance 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 Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance'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 Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance'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 Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance'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.