Denison Mines Corp Stock Z Score
DNN Stock | USD 2.03 0.06 3.05% |
Denison | Z Score |
Denison Mines Corp Company Z Score Analysis
Denison Mines' 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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Denison Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Denison Mines is extremely important. It helps to project a fair market value of Denison Stock properly, considering its historical fundamentals such as Z Score. Since Denison Mines' 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 Denison Mines' 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 Denison Mines' 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, Denison Mines Corp has a Z Score of 0.0. This is 100.0% lower than that of the Oil, Gas & Consumable Fuels sector and about the same as Energy (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Denison Mines Current Valuation Drivers
We derive many important indicators used in calculating different scores of Denison Mines from analyzing Denison Mines' financial statements. These drivers represent accounts that assess Denison Mines' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Denison Mines' important valuation drivers and their relationship over time.
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Market Cap | 320.0M | 518.4M | 1.4B | 1.3B | 2.0B | 2.1B | |
Enterprise Value | 312.8M | 494.1M | 1.3B | 1.2B | 1.9B | 970.0M |
Denison Fundamentals
Return On Equity | 0.17 | ||||
Return On Asset | -0.046 | ||||
Profit Margin | 48.72 % | ||||
Operating Margin | (24.63) % | ||||
Current Valuation | 1.61 B | ||||
Shares Outstanding | 892 M | ||||
Shares Owned By Insiders | 0.28 % | ||||
Shares Owned By Institutions | 49.84 % | ||||
Number Of Shares Shorted | 42.82 M | ||||
Price To Earning | 28.00 X | ||||
Price To Book | 4.01 X | ||||
Price To Sales | 1,026 X | ||||
Revenue | 1.85 M | ||||
Gross Profit | 5.32 M | ||||
EBITDA | (43.09 M) | ||||
Net Income | 89.36 M | ||||
Cash And Equivalents | 47.85 M | ||||
Cash Per Share | 0.08 X | ||||
Total Debt | 417 K | ||||
Debt To Equity | 0 % | ||||
Current Ratio | 3.88 X | ||||
Book Value Per Share | 0.72 X | ||||
Cash Flow From Operations | (30.67 M) | ||||
Short Ratio | 3.23 X | ||||
Earnings Per Share | 0.07 X | ||||
Target Price | 3.75 | ||||
Beta | 1.9 | ||||
Market Capitalization | 1.76 B | ||||
Total Asset | 791.91 M | ||||
Retained Earnings | (1.08 B) | ||||
Working Capital | 130.59 M | ||||
Current Asset | 20.35 M | ||||
Current Liabilities | 45.7 M | ||||
Net Asset | 791.91 M |
About Denison Mines Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Denison Mines Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Denison Mines using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Denison Mines 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.
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 Denison Mines 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, Denison Mines' short interest history, or implied volatility extrapolated from Denison Mines options trading.
Check out Denison Mines Piotroski F Score and Denison Mines Valuation analysis. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Denison Stock analysis
When running Denison Mines' price analysis, check to measure Denison Mines' 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 Denison Mines is operating at the current time. Most of Denison Mines' value examination focuses on studying past and present price action to predict the probability of Denison Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Denison Mines' price. Additionally, you may evaluate how the addition of Denison Mines to your portfolios can decrease your overall portfolio volatility.
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Is Denison Mines' 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 Denison Mines. If investors know Denison 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 Denison Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.07 | Revenue Per Share 0.002 | Quarterly Revenue Growth (0.09) | Return On Assets (0.05) | Return On Equity 0.1658 |
The market value of Denison Mines Corp is measured differently than its book value, which is the value of Denison that is recorded on the company's balance sheet. Investors also form their own opinion of Denison Mines' value that differs from its market value or its book value, called intrinsic value, which is Denison Mines' 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 Denison Mines' market value can be influenced by many factors that don't directly affect Denison Mines' 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 Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' 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.