Open Text Corp Stock Z Score

OTEX Stock

USD 35.68 0.06 0.17%

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 Open Text Piotroski F Score and Open Text Valuation analysis.

At this time, Open Text's Additional Paid In Capital is fairly stable compared to the past year. Capital Expenditures is likely to rise to about 149.5 M in 2024, whereas Capital Surpluse is likely to drop slightly above 125.3 M in 2024. At this time, Open Text's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to rise to about 3 B in 2024, whereas Net Income is likely to drop slightly above 159.2 M in 2024.

Open Text Corp Company Z Score Analysis

Open Text'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 )

Open Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Short Term Investments	Intangible Assets	Good Will	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Total Permanent Equity	Deferred Long Term Liab	Treasury Stock	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.87	0.97	0.83	0.16	0.98	0.99	0.89	0.75	-0.36	0.97	1.0	0.94	0.92	0.99	0.99	0.81	0.9	-0.75	-0.94	0.99	0.62	0.78	-0.5	0.83	-0.42	0.88
Total Stockholder Equity	0.87		0.74	1.0	0.48	0.9	0.78	0.89	0.6	-0.5	0.73	0.85	0.98	0.93	0.8	0.78	0.95	0.6	-0.69	-0.66	0.77	0.85	0.61	-0.71	0.59	0.02	0.63
Net Debt	0.97	0.74		0.7	0.02	0.94	0.99	0.78	0.75	-0.25	0.99	0.98	0.84	0.83	0.99	0.99	0.69	0.96	-0.68	-0.98	0.99	0.47	0.78	-0.36	0.86	-0.6	0.9
Retained Earnings	0.83	1.0	0.7		0.5	0.87	0.74	0.87	0.58	-0.47	0.69	0.82	0.96	0.91	0.77	0.74	0.97	0.56	-0.65	-0.62	0.74	0.87	0.59	-0.73	0.56	0.08	0.59
Accounts Payable	0.16	0.48	0.02	0.5		0.2	0.05	0.22	-0.23	-0.47	0.0	0.16	0.42	0.37	0.12	0.07	0.46	-0.15	-0.47	0.03	0.06	0.52	0.2	-0.35	0.02	0.51	0.1
Net Receivables	0.98	0.9	0.94	0.87	0.2		0.96	0.87	0.73	-0.45	0.95	0.97	0.94	0.93	0.96	0.95	0.84	0.88	-0.68	-0.89	0.95	0.68	0.7	-0.55	0.77	-0.39	0.8
Total Liab	0.99	0.78	0.99	0.74	0.05	0.96		0.84	0.76	-0.3	0.99	0.99	0.88	0.87	1.0	1.0	0.72	0.94	-0.73	-0.97	1.0	0.52	0.79	-0.41	0.86	-0.53	0.9
Total Current Assets	0.89	0.89	0.78	0.87	0.22	0.87	0.84		0.69	-0.39	0.76	0.88	0.91	0.9	0.85	0.84	0.83	0.67	-0.78	-0.74	0.84	0.73	0.68	-0.62	0.69	-0.08	0.74
Short Term Debt	0.75	0.6	0.75	0.58	-0.23	0.73	0.76	0.69		-0.2	0.76	0.74	0.66	0.58	0.74	0.73	0.56	0.75	-0.38	-0.73	0.73	0.39	0.49	-0.09	0.68	-0.41	0.63
Short Term Investments	-0.36	-0.5	-0.25	-0.47	-0.47	-0.45	-0.3	-0.39	-0.2		-0.29	-0.34	-0.43	-0.45	-0.33	-0.28	-0.32	-0.26	0.46	0.23	-0.26	-0.53	-0.01	0.23	-0.19	0.02	-0.19
Intangible Assets	0.97	0.73	0.99	0.69	0.0	0.95	0.99	0.76	0.76	-0.29		0.97	0.83	0.82	0.98	0.98	0.68	0.97	-0.64	-0.97	0.98	0.47	0.75	-0.35	0.84	-0.63	0.87
Good Will	1.0	0.85	0.98	0.82	0.16	0.97	0.99	0.88	0.74	-0.34	0.97		0.93	0.91	1.0	0.99	0.79	0.91	-0.76	-0.94	0.99	0.6	0.79	-0.48	0.84	-0.44	0.89
Common Stock	0.94	0.98	0.84	0.96	0.42	0.94	0.88	0.91	0.66	-0.43	0.83	0.93		0.94	0.9	0.88	0.93	0.7	-0.76	-0.78	0.87	0.77	0.73	-0.63	0.7	-0.1	0.75
Property Plant Equipment	0.92	0.93	0.83	0.91	0.37	0.93	0.87	0.9	0.58	-0.45	0.82	0.91	0.94		0.88	0.87	0.87	0.72	-0.77	-0.78	0.86	0.75	0.8	-0.67	0.68	-0.16	0.74
Current Deferred Revenue	0.99	0.8	0.99	0.77	0.12	0.96	1.0	0.85	0.74	-0.33	0.98	1.0	0.9	0.88		1.0	0.74	0.92	-0.76	-0.96	0.99	0.54	0.8	-0.42	0.85	-0.5	0.91
Long Term Debt	0.99	0.78	0.99	0.74	0.07	0.95	1.0	0.84	0.73	-0.28	0.98	0.99	0.88	0.87	1.0		0.73	0.94	-0.74	-0.97	1.0	0.52	0.79	-0.43	0.86	-0.53	0.91
Total Permanent Equity	0.81	0.95	0.69	0.97	0.46	0.84	0.72	0.83	0.56	-0.32	0.68	0.79	0.93	0.87	0.74	0.73		0.54	-0.6	-0.61	0.73	0.84	0.61	-0.72	0.55	0.06	0.58
Deferred Long Term Liab	0.9	0.6	0.96	0.56	-0.15	0.88	0.94	0.67	0.75	-0.26	0.97	0.91	0.7	0.72	0.92	0.94	0.54		-0.55	-0.95	0.94	0.36	0.64	-0.27	0.8	-0.76	0.83
Treasury Stock	-0.75	-0.69	-0.68	-0.65	-0.47	-0.68	-0.73	-0.78	-0.38	0.46	-0.64	-0.76	-0.76	-0.77	-0.76	-0.74	-0.6	-0.55		0.7	-0.73	-0.54	-0.74	0.41	-0.68	0.12	-0.76
Net Tangible Assets	-0.94	-0.66	-0.98	-0.62	0.03	-0.89	-0.97	-0.74	-0.73	0.23	-0.97	-0.94	-0.78	-0.78	-0.96	-0.97	-0.61	-0.95	0.7		-0.97	-0.43	-0.76	0.3	-0.9	0.65	-0.9
Long Term Debt Total	0.99	0.77	0.99	0.74	0.06	0.95	1.0	0.84	0.73	-0.26	0.98	0.99	0.87	0.86	0.99	1.0	0.73	0.94	-0.73	-0.97		0.51	0.8	-0.43	0.86	-0.53	0.91
Capital Surpluse	0.62	0.85	0.47	0.87	0.52	0.68	0.52	0.73	0.39	-0.53	0.47	0.6	0.77	0.75	0.54	0.52	0.84	0.36	-0.54	-0.43	0.51		0.34	-0.75	0.53	0.17	0.47
Long Term Investments	0.78	0.61	0.78	0.59	0.2	0.7	0.79	0.68	0.49	-0.01	0.75	0.79	0.73	0.8	0.8	0.79	0.61	0.64	-0.74	-0.76	0.8	0.34		-0.31	0.72	-0.25	0.79
Short Long Term Debt	-0.5	-0.71	-0.36	-0.73	-0.35	-0.55	-0.41	-0.62	-0.09	0.23	-0.35	-0.48	-0.63	-0.67	-0.42	-0.43	-0.72	-0.27	0.41	0.3	-0.43	-0.75	-0.31		-0.23	-0.2	-0.27
Net Invested Capital	0.83	0.59	0.86	0.56	0.02	0.77	0.86	0.69	0.68	-0.19	0.84	0.84	0.7	0.68	0.85	0.86	0.55	0.8	-0.68	-0.9	0.86	0.53	0.72	-0.23		-0.52	0.95
Net Working Capital	-0.42	0.02	-0.6	0.08	0.51	-0.39	-0.53	-0.08	-0.41	0.02	-0.63	-0.44	-0.1	-0.16	-0.5	-0.53	0.06	-0.76	0.12	0.65	-0.53	0.17	-0.25	-0.2	-0.52		-0.49
Capital Stock	0.88	0.63	0.9	0.59	0.1	0.8	0.9	0.74	0.63	-0.19	0.87	0.89	0.75	0.74	0.91	0.91	0.58	0.83	-0.76	-0.9	0.91	0.47	0.79	-0.27	0.95	-0.49

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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

Predict Open Text

Based on the company's disclosures, Open Text Corp has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Open Text ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Open Text's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Open Text's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Open Text Institutional Holders

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

		Shares
Bmo Capital Markets Corp.	2023-12-31	5.5 M
Arrowstreet Capital Limited Partnership	2023-12-31	4.6 M
Turtle Creek Asset Management Inc.	2023-12-31	3.4 M
Norges Bank	2023-12-31	3.3 M
Letko, Brosseau & Associates Inc.	2023-12-31	2.9 M
Clearbridge Advisors, Llc	2023-12-31	2.8 M
Guardian Capital Inc	2023-12-31	2.8 M
Newsouth Capital Management Inc	2023-12-31	2.7 M
Amvescap Plc.	2023-12-31	2.7 M
Jarislowsky Fraser Ltd	2023-12-31	15.4 M
Harris Associates L.p.	2023-12-31	11.1 M

Open Fundamentals

	Return On Equity	0.0313
	Return On Asset	0.0385
	Profit Margin	0.02 %
	Operating Margin	0.20 %
	Current Valuation	17.39 B
	Shares Outstanding	267.64 M
	Shares Owned By Insiders	2.22 %
	Shares Owned By Institutions	77.51 %
	Number Of Shares Shorted	5.12 M
	Price To Earning	87.58 X
	Price To Book	2.36 X
	Price To Sales	1.68 X
	Revenue	4.48 B
	Gross Profit	3.39 B
	EBITDA	1.35 B
	Net Income	150.57 M
	Cash And Equivalents	1.7 B
	Cash Per Share	6.39 X
	Total Debt	9.25 B
	Debt To Equity	1.11 %
	Current Ratio	1.56 X
	Book Value Per Share	15.06 X
	Cash Flow From Operations	779.21 M
	Short Ratio	10.02 X
	Earnings Per Share	0.48 X
	Price To Earnings To Growth	0.87 X
	Target Price	51.31
	Number Of Employees	23.6 K
	Beta	1.1
	Market Capitalization	9.56 B
	Total Asset	17.09 B
	Retained Earnings	2.05 B
	Working Capital	(944.38 M)
	Current Asset	146.71 M
	Current Liabilities	42.82 M
	Annual Yield	0.03 %
	Five Year Return	1.70 %
	Net Asset	17.09 B
	Last Dividend Paid	0.99

About Open Text Fundamental Analysis

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

Open Text Investors Sentiment

The influence of Open Text's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Open. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Open Text's public news can be used to forecast risks associated with an investment in Open. The trend in average sentiment can be used to explain how an investor holding Open can time the market purely based on public headlines and social activities around Open Text Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Open Text's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Open Text's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Open Text's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Open Text.

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 Open Text 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, Open Text's short interest history, or implied volatility extrapolated from Open Text options trading.

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When determining whether Open Text Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Open Text's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Open Text Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Open Text Corp Stock:

How To Invest In Open

Details

Is Open Stock a good investment?

Details

What is Open Text's Net Worth?

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Largest Software - Application Companies

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Check out Open Text Piotroski F Score and Open Text Valuation analysis.

Note that the Open Text Corp information on this page should be used as a complementary analysis to other Open Text'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Open Stock analysis

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

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Is Open Text'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 Open Text. If investors know Open 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 Open Text 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

(0.85)

Dividend Share

0.986

Earnings Share

0.48

Revenue Per Share

21.019

Quarterly Revenue Growth

0.71

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

Open Text Corp 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 )

Open Z Score Driver Correlations

Open Text ESG Sustainability

Open Text Institutional Holders

Open Fundamentals

About Open Text Fundamental Analysis

Open Text Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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