Nikolacorp Stock Z Score

NKLA Stock

USD 0.64 0.04 6.67%

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 NikolaCorp Piotroski F Score and NikolaCorp Valuation analysis.

For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.

At present, NikolaCorp's Capital Surpluse is projected to increase significantly based on the last few years of reporting. The current year's Capital Lease Obligations is expected to grow to about 147.9 M, whereas Net Invested Capital is forecasted to decline to about 791.8 M. At present, NikolaCorp's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 12.6 K, whereas EBIT is projected to grow to (610.4 M).

NikolaCorp Company Z Score Analysis

NikolaCorp'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 )

NikolaCorp Z Score Driver Correlations

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

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Capital Surpluse	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Long Term Debt	Good Will	Net Invested Capital	Capital Stock	Net Working Capital	Short Term Debt	Intangible Assets	Deferred Long Term Liab	Short Long Term Debt	Current Deferred Revenue	Long Term Debt Total
Total Assets		0.9	0.93	-0.5	-0.87	0.86	0.78	0.73	0.95	0.88	0.91	0.8	0.85	0.8	0.54	0.97	0.69	0.61	0.62	0.7	0.85	0.41	0.54	0.78
Total Stockholder Equity	0.9		0.97	-0.82	-0.67	0.65	0.48	0.56	0.82	0.58	0.99	0.68	0.61	0.49	0.26	0.96	0.56	0.89	0.31	0.41	0.56	0.11	0.25	0.47
Net Tangible Assets	0.93	0.97		-0.75	-0.72	0.74	0.56	0.63	0.85	0.68	0.99	0.7	0.67	0.59	0.38	0.97	0.56	0.82	0.43	0.49	0.62	0.24	0.37	0.54
Net Debt	-0.5	-0.82	-0.75		0.21	-0.23	0.07	-0.27	-0.39	-0.05	-0.79	-0.31	-0.12	0.08	0.21	-0.64	-0.19	-0.96	0.21	0.01	-0.03	0.32	0.24	0.09
Retained Earnings	-0.87	-0.67	-0.72	0.21		-0.74	-0.93	-0.67	-0.97	-0.88	-0.69	-0.96	-0.99	-0.83	-0.59	-0.81	-0.93	-0.32	-0.58	-0.79	-0.93	-0.29	-0.55	-0.88
Accounts Payable	0.86	0.65	0.74	-0.23	-0.74		0.74	0.91	0.83	0.89	0.69	0.58	0.78	0.82	0.75	0.79	0.45	0.29	0.78	0.86	0.76	0.66	0.76	0.67
Net Receivables	0.78	0.48	0.56	0.07	-0.93	0.74		0.57	0.88	0.91	0.52	0.85	0.96	0.95	0.8	0.69	0.83	0.09	0.79	0.75	0.92	0.56	0.78	0.95
Short Term Investments	0.73	0.56	0.63	-0.27	-0.67	0.91	0.57		0.75	0.74	0.57	0.53	0.7	0.59	0.51	0.66	0.42	0.22	0.5	0.93	0.66	0.37	0.51	0.48
Capital Surpluse	0.95	0.82	0.85	-0.39	-0.97	0.83	0.88	0.75		0.88	0.83	0.91	0.95	0.82	0.62	0.93	0.85	0.49	0.61	0.78	0.88	0.34	0.58	0.81
Total Liab	0.88	0.58	0.68	-0.05	-0.88	0.89	0.91	0.74	0.88		0.63	0.74	0.91	0.95	0.71	0.77	0.67	0.17	0.81	0.85	0.96	0.64	0.74	0.93
Total Current Assets	0.91	0.99	0.99	-0.79	-0.69	0.69	0.52	0.57	0.83	0.63		0.69	0.64	0.54	0.33	0.97	0.56	0.87	0.37	0.43	0.58	0.18	0.31	0.5
Common Stock	0.8	0.68	0.7	-0.31	-0.96	0.58	0.85	0.53	0.91	0.74	0.69		0.93	0.69	0.45	0.78	0.97	0.4	0.4	0.65	0.83	0.09	0.39	0.79
Property Plant Equipment	0.85	0.61	0.67	-0.12	-0.99	0.78	0.96	0.7	0.95	0.91	0.64	0.93		0.88	0.68	0.78	0.9	0.23	0.66	0.83	0.94	0.39	0.65	0.9
Long Term Debt	0.8	0.49	0.59	0.08	-0.83	0.82	0.95	0.59	0.82	0.95	0.54	0.69	0.88		0.86	0.71	0.64	0.09	0.92	0.73	0.9	0.77	0.87	0.93
Good Will	0.54	0.26	0.38	0.21	-0.59	0.75	0.8	0.51	0.62	0.71	0.33	0.45	0.68	0.86		0.5	0.4	-0.08	0.94	0.59	0.58	0.84	0.99	0.65
Net Invested Capital	0.97	0.96	0.97	-0.64	-0.81	0.79	0.69	0.66	0.93	0.77	0.97	0.78	0.78	0.71	0.5		0.67	0.75	0.53	0.57	0.73	0.32	0.48	0.66
Capital Stock	0.69	0.56	0.56	-0.19	-0.93	0.45	0.83	0.42	0.85	0.67	0.56	0.97	0.9	0.64	0.4	0.67		0.3	0.33	0.59	0.8	0.01	0.33	0.77
Net Working Capital	0.61	0.89	0.82	-0.96	-0.32	0.29	0.09	0.22	0.49	0.17	0.87	0.4	0.23	0.09	-0.08	0.75	0.3		-0.04	-0.01	0.16	-0.18	-0.1	0.08
Short Term Debt	0.62	0.31	0.43	0.21	-0.58	0.78	0.79	0.5	0.61	0.81	0.37	0.4	0.66	0.92	0.94	0.53	0.33	-0.04		0.59	0.67	0.94	0.98	0.74
Intangible Assets	0.7	0.41	0.49	0.01	-0.79	0.86	0.75	0.93	0.78	0.85	0.43	0.65	0.83	0.73	0.59	0.57	0.59	-0.01	0.59		0.82	0.41	0.59	0.69
Deferred Long Term Liab	0.85	0.56	0.62	-0.03	-0.93	0.76	0.92	0.66	0.88	0.96	0.58	0.83	0.94	0.9	0.58	0.73	0.8	0.16	0.67	0.82		0.46	0.59	0.96
Short Long Term Debt	0.41	0.11	0.24	0.32	-0.29	0.66	0.56	0.37	0.34	0.64	0.18	0.09	0.39	0.77	0.84	0.32	0.01	-0.18	0.94	0.41	0.46		0.91	0.55
Current Deferred Revenue	0.54	0.25	0.37	0.24	-0.55	0.76	0.78	0.51	0.58	0.74	0.31	0.39	0.65	0.87	0.99	0.48	0.33	-0.1	0.98	0.59	0.59	0.91		0.66
Long Term Debt Total	0.78	0.47	0.54	0.09	-0.88	0.67	0.95	0.48	0.81	0.93	0.5	0.79	0.9	0.93	0.65	0.66	0.77	0.08	0.74	0.69	0.96	0.55	0.66

Click cells to compare fundamentals

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 NikolaCorp

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

NikolaCorp Current Valuation Drivers

We derive many important indicators used in calculating different scores of NikolaCorp from analyzing NikolaCorp's financial statements. These drivers represent accounts that assess NikolaCorp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NikolaCorp's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	2.7B	5.1B	3.9B	954.3M	699.9M	664.9M
Enterprise Value	2.6B	4.3B	3.5B	1.1B	518.8M	492.8M

NikolaCorp Institutional Holders

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

		Shares
Morgan Stanley - Brokerage Accounts	2023-12-31	4.5 M
Susquehanna International Group, Llp	2023-12-31	4.3 M
Mirae Asset Global Investments (korea) Co Ltd	2023-12-31	4.2 M
The Toronto-dominion Bank	2023-12-31	4.2 M
Alps Advisors Inc	2023-12-31	3.3 M
Weiss Asset Management Lp	2023-12-31	3 M
Bank Of New York Mellon Corp	2023-12-31	2.6 M
Goldman Sachs Group Inc	2023-12-31	2.3 M
Swiss National Bank	2023-12-31	2.1 M
Norges Bank	2023-12-31	107 M
Vanguard Group Inc	2023-12-31	77.1 M

NikolaCorp Fundamentals

	Return On Equity	-1.39
	Return On Asset	-0.31
	Operating Margin	(10.18) %
	Current Valuation	677.84 M
	Shares Outstanding	1.36 B
	Shares Owned By Insiders	7.45 %
	Shares Owned By Institutions	33.59 %
	Number Of Shares Shorted	214.82 M
	Price To Book	1.30 X
	Price To Sales	26.10 X
	Revenue	35.84 M
	Gross Profit	(104.76 M)
	EBITDA	(606.6 M)
	Net Income	(864.62 M)
	Cash And Equivalents	319.94 M
	Cash Per Share	0.67 X
	Total Debt	284.86 M
	Debt To Equity	0.54 %
	Current Ratio	1.75 X
	Book Value Per Share	0.54 X
	Cash Flow From Operations	(501.14 M)
	Short Ratio	1.76 X
	Earnings Per Share	(1.21) X
	Price To Earnings To Growth	(0.10) X
	Target Price	1.79
	Number Of Employees	870
	Beta	2.0
	Market Capitalization	872.57 M
	Total Asset	1.31 B
	Retained Earnings	(3.07 B)
	Working Capital	312.31 M
	Net Asset	1.31 B

About NikolaCorp Fundamental Analysis

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

NikolaCorp Investors Sentiment

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

NikolaCorp'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 NikolaCorp'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 NikolaCorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on NikolaCorp.

NikolaCorp Implied Volatility

273.49

NikolaCorp's implied volatility exposes the market's sentiment of NikolaCorp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NikolaCorp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NikolaCorp stock will not fluctuate a lot when NikolaCorp's options are near their expiration.

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

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When determining whether NikolaCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NikolaCorp'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 Nikolacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikolacorp Stock:

How To Invest In NikolaCorp

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Is NikolaCorp Stock a good investment?

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What is NikolaCorp's Net Worth?

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Check out NikolaCorp Piotroski F Score and NikolaCorp Valuation analysis.

For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for NikolaCorp Stock analysis

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

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Is NikolaCorp'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 NikolaCorp. If investors know NikolaCorp 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 NikolaCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.21)

Revenue Per Share

0.045

Quarterly Revenue Growth

0.757

Return On Assets

(0.31)

Return On Equity

(1.39)

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

NikolaCorp 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 )

NikolaCorp Z Score Driver Correlations

NikolaCorp Current Valuation Drivers

NikolaCorp Institutional Holders

NikolaCorp Fundamentals

About NikolaCorp Fundamental Analysis

NikolaCorp Investors Sentiment

NikolaCorp Implied Volatility

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

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