Industrial Alliance Insurance Stock Z Score
| IAF-PB Stock | CAD 22.09 0.18 0.82% |
Industrial | Z Score |
Industrial Alliance Insurance Company Z Score Analysis
Industrial Alliance'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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Industrial Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Industrial Alliance is extremely important. It helps to project a fair market value of Industrial Stock properly, considering its historical fundamentals such as Z Score. Since Industrial Alliance'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 Industrial Alliance'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 Industrial Alliance's interrelated accounts and indicators.
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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 |
According to the company's disclosures, Industrial Alliance Insurance 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 Canada stocks is 100.0% higher than that of the company.
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Industrial Fundamentals
| Return On Equity | 0.11 | |||
| Return On Asset | 0.0068 | |||
| Profit Margin | 0.09 % | |||
| Operating Margin | 0.15 % | |||
| Current Valuation | 3.97 B | |||
| Shares Outstanding | 109.66 M | |||
| Shares Owned By Institutions | 16.70 % | |||
| Number Of Shares Shorted | 5.17 K | |||
| Price To Earning | 4.41 X | |||
| Price To Sales | 0.74 X | |||
| Revenue | 5.26 B | |||
| Gross Profit | 3.31 B | |||
| EBITDA | 1.21 B | |||
| Net Income | 789 M | |||
| Cash And Equivalents | 3.2 B | |||
| Cash Per Share | 29.90 X | |||
| Total Debt | 2.07 B | |||
| Debt To Equity | 0.45 % | |||
| Current Ratio | 0.61 X | |||
| Book Value Per Share | 68.97 X | |||
| Cash Flow From Operations | 1.22 B | |||
| Short Ratio | 12.22 X | |||
| Earnings Per Share | 7.49 X | |||
| Beta | 1.11 | |||
| Market Capitalization | 5.84 B | |||
| Total Asset | 93.85 B | |||
| Retained Earnings | 5.06 B | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 5.14 % | |||
| Net Asset | 93.85 B | |||
| Last Dividend Paid | 3.17 |
About Industrial Alliance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Industrial Alliance Insurance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Industrial Alliance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Industrial Alliance Insurance 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.
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Complementary Tools for Industrial Stock analysis
When running Industrial Alliance's price analysis, check to measure Industrial Alliance'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 Industrial Alliance is operating at the current time. Most of Industrial Alliance's value examination focuses on studying past and present price action to predict the probability of Industrial Alliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Industrial Alliance's price. Additionally, you may evaluate how the addition of Industrial Alliance to your portfolios can decrease your overall portfolio volatility.
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