Eastern Polymer Group Stock Z Score
| EPG-R Stock | THB 6.90 0.17 2.53% |
Eastern |
Eastern Polymer Group Company Z Score Analysis
Eastern Polymer'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..
Current Eastern Polymer Z Score | 70.8 |
Most of Eastern Polymer's fundamental indicators, such as Z Score, 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, Eastern Polymer Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
| |||||||
| |||||||
| |||||||
| |||||||
|
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, Eastern Polymer Group has a Z Score of 70. This is much higher than that of the Basic Materials sector and notably higher than that of the Specialty Chemicals industry. The z score for all Thailand stocks is notably lower than that of the firm.
Eastern Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eastern Polymer'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 Eastern Polymer could also be used in its relative valuation, which is a method of valuing Eastern Polymer by comparing valuation metrics of similar companies.Eastern Polymer is currently under evaluation in z score category among related companies.
Eastern Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0405 | |||
| Profit Margin | 0.11 % | |||
| Operating Margin | 0.1 % | |||
| Current Valuation | 31.25 B | |||
| Shares Outstanding | 2.8 B | |||
| Shares Owned By Insiders | 0.20 % | |||
| Shares Owned By Institutions | 1.19 % | |||
| Price To Earning | 24.91 X | |||
| Price To Book | 2.32 X | |||
| Price To Sales | 2.28 X | |||
| Revenue | 11.77 B | |||
| Gross Profit | 3.74 B | |||
| EBITDA | 2.57 B | |||
| Net Income | 1.6 B | |||
| Cash And Equivalents | 584.28 M | |||
| Cash Per Share | 0.21 X | |||
| Total Debt | 208.59 M | |||
| Debt To Equity | 0.19 % | |||
| Current Ratio | 1.92 X | |||
| Book Value Per Share | 4.27 X | |||
| Cash Flow From Operations | 1.09 B | |||
| Earnings Per Share | 0.48 X | |||
| Number Of Employees | 10 | |||
| Beta | 0.83 | |||
| Market Capitalization | 24.82 B | |||
| Total Asset | 16.27 B | |||
| Retained Earnings | 2.37 B | |||
| Working Capital | 1.74 B | |||
| Current Asset | 4.14 B | |||
| Current Liabilities | 2.4 B | |||
| Z Score | 70.8 | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 16.27 B | |||
| Last Dividend Paid | 0.3 |
About Eastern Polymer Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eastern Polymer Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eastern Polymer using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eastern Polymer Group 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 Eastern Polymer
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 Eastern Polymer 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 Eastern Polymer will appreciate offsetting losses from the drop in the long position's value.Moving together with Eastern Stock
| 0.79 | STGT-R | SRI TRANG GLOVES | PairCorr |
Moving against Eastern Stock
| 1.0 | TOA-R | TOA PAINT | PairCorr |
| 0.99 | SCC-R | Siam Cement | PairCorr |
| 0.92 | ADVANC-R | Advanced Info Service | PairCorr |
The ability to find closely correlated positions to Eastern Polymer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Polymer 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 Eastern Polymer - 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 Eastern Polymer Group to buy it.
The correlation of Eastern Polymer 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 Eastern Polymer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Polymer Group 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 Eastern Polymer 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Polymer Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Eastern Stock analysis
When running Eastern Polymer's price analysis, check to measure Eastern Polymer'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 Eastern Polymer is operating at the current time. Most of Eastern Polymer's value examination focuses on studying past and present price action to predict the probability of Eastern Polymer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern Polymer's price. Additionally, you may evaluate how the addition of Eastern Polymer to your portfolios can decrease your overall portfolio volatility.
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |