Sky Network Television Stock Z Score

SKT Stock   2.52  0.04  1.56%   
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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sky Network Television. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, Sky Network's Net Invested Capital is comparatively stable compared to the past year. Net Working Capital is likely to gain to about 28.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 125.7 M in 2024. At this time, Sky Network's Net Income Applicable To Common Shares is comparatively stable compared to the past year. Tax Provision is likely to gain to about 28.1 M in 2024, whereas Total Revenue is likely to drop slightly above 747.1 M in 2024.

Sky Network Television Company Z Score Analysis

Sky Network'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 )

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

Based on the company's disclosures, Sky Network Television has a Z Score of 0.0. This is 100.0% lower than that of the Entertainment sector and about the same as Communication Services (which currently averages 0.0) industry. The z score for all Australia stocks is 100.0% higher than that of the company.

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Sky Fundamentals

About Sky Network Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Sky Network Television's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sky Network using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sky Network Television 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 Sky Network 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, Sky Network's short interest history, or implied volatility extrapolated from Sky Network options trading.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sky Network Television. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for Sky Stock analysis

When running Sky Network's price analysis, check to measure Sky Network'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 Sky Network is operating at the current time. Most of Sky Network's value examination focuses on studying past and present price action to predict the probability of Sky Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sky Network's price. Additionally, you may evaluate how the addition of Sky Network to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Sky Network's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sky Network is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sky Network'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.