Azz Incorporated Stock Net Asset
| AZZ Stock | USD 74.22 1.98 2.74% |
AZZ Incorporated fundamentals help investors to digest information that contributes to AZZ Incorporated's financial success or failures. It also enables traders to predict the movement of AZZ Stock. The fundamental analysis module provides a way to measure AZZ Incorporated's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AZZ Incorporated stock.
AZZ | Net Asset |
AZZ Incorporated Company Net Asset Analysis
AZZ Incorporated's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current AZZ Incorporated Net Asset | 2.2 B |
Most of AZZ Incorporated's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AZZ Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
AZZ Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for AZZ Incorporated is extremely important. It helps to project a fair market value of AZZ Stock properly, considering its historical fundamentals such as Net Asset. Since AZZ Incorporated'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 AZZ Incorporated'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 AZZ Incorporated's interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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AZZ Total Assets
Total Assets |
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Based on the recorded statements, AZZ Incorporated has a Net Asset of 2.2 B. This is much higher than that of the Electrical Equipment sector and significantly higher than that of the Industrials industry. The net asset for all United States stocks is notably lower than that of the firm.
AZZ Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AZZ Incorporated's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AZZ Incorporated could also be used in its relative valuation, which is a method of valuing AZZ Incorporated by comparing valuation metrics of similar companies.AZZ Incorporated is currently under evaluation in net asset category among related companies.
AZZ Incorporated Institutional Holders
Institutional Holdings refers to the ownership stake in AZZ Incorporated that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of AZZ Incorporated'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 AZZ Incorporated's value.| Shares | Geode Capital Management, Llc | 2023-12-31 | 531.1 K | Aristotle Capital Boston, Llc | 2023-12-31 | 435.1 K | Charles Schwab Investment Management Inc | 2023-12-31 | 386.1 K | Northern Trust Corp | 2023-12-31 | 300.9 K | Bank Of America Corp | 2023-12-31 | 276 K | Gabelli Funds Llc | 2023-12-31 | 261 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 253.4 K | Kennedy Capital Management Inc | 2023-12-31 | 252.1 K | Bank Of New York Mellon Corp | 2023-12-31 | 250.7 K | Blackrock Inc | 2023-12-31 | 3.9 M | Vanguard Group Inc | 2023-12-31 | 2.7 M |
AZZ Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0627 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 3.02 B | ||||
| Shares Outstanding | 29.7 M | ||||
| Shares Owned By Insiders | 2.09 % | ||||
| Shares Owned By Institutions | 79.06 % | ||||
| Number Of Shares Shorted | 333.15 K | ||||
| Price To Earning | 27.04 X | ||||
| Price To Book | 2.12 X | ||||
| Price To Sales | 1.30 X | ||||
| Revenue | 1.54 B | ||||
| Gross Profit | 225.22 M | ||||
| EBITDA | 316.59 M | ||||
| Net Income | 87.21 M | ||||
| Cash And Equivalents | 2.82 M | ||||
| Cash Per Share | 0.46 X | ||||
| Total Debt | 977.23 M | ||||
| Debt To Equity | 1.49 % | ||||
| Current Ratio | 1.88 X | ||||
| Book Value Per Share | 27.92 X | ||||
| Cash Flow From Operations | 244.47 M | ||||
| Short Ratio | 1.98 X | ||||
| Earnings Per Share | 3.46 X | ||||
| Price To Earnings To Growth | 1.12 X | ||||
| Target Price | 88.5 | ||||
| Number Of Employees | 3.87 K | ||||
| Beta | 1.25 | ||||
| Market Capitalization | 2.15 B | ||||
| Total Asset | 2.2 B | ||||
| Retained Earnings | 576.23 M | ||||
| Working Capital | 172.69 M | ||||
| Current Asset | 309.33 M | ||||
| Current Liabilities | 148.41 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.56 % | ||||
| Net Asset | 2.2 B | ||||
| Last Dividend Paid | 0.68 |
About AZZ Incorporated Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AZZ Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AZZ Incorporated using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AZZ Incorporated 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 AZZ Incorporated
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 AZZ Incorporated 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 AZZ Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving against AZZ Stock
| 0.67 | AZ | A2Z Smart Technologies | PairCorr |
| 0.66 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.48 | AP | Ampco Pittsburgh | PairCorr |
The ability to find closely correlated positions to AZZ Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AZZ Incorporated 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 AZZ Incorporated - 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 AZZ Incorporated to buy it.
The correlation of AZZ Incorporated 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 AZZ Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AZZ Incorporated 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 AZZ Incorporated 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 AZZ Incorporated Piotroski F Score and AZZ Incorporated Altman Z Score analysis. For more information on how to buy AZZ Stock please use our How to Invest in AZZ Incorporated guide.Note that the AZZ Incorporated information on this page should be used as a complementary analysis to other AZZ Incorporated'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 AZZ Stock analysis
When running AZZ Incorporated's price analysis, check to measure AZZ Incorporated'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 AZZ Incorporated is operating at the current time. Most of AZZ Incorporated's value examination focuses on studying past and present price action to predict the probability of AZZ Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AZZ Incorporated's price. Additionally, you may evaluate how the addition of AZZ Incorporated to your portfolios can decrease your overall portfolio volatility.
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Is AZZ Incorporated'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 AZZ Incorporated. If investors know AZZ 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 AZZ Incorporated 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 0.02 | Dividend Share 0.68 | Earnings Share 3.46 | Revenue Per Share 61.403 | Quarterly Revenue Growth 0.089 |
The market value of AZZ Incorporated is measured differently than its book value, which is the value of AZZ that is recorded on the company's balance sheet. Investors also form their own opinion of AZZ Incorporated's value that differs from its market value or its book value, called intrinsic value, which is AZZ Incorporated'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 AZZ Incorporated's market value can be influenced by many factors that don't directly affect AZZ Incorporated'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 AZZ Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if AZZ Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AZZ Incorporated'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.