Spectrum Z Score

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SPB -- USA Stock  

Report: 31st of July 2020  

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. Additionally, take a look at Spectrum Brands Piotroski F Score and Spectrum Brands Valuation analysis.

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The current year Market Capitalization is expected to grow to about 7.9 B, whereas Capital Expenditure is forecasted to decline to (116.9 M). Spectrum Brands Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 321.84 Million. The current year Interest Expense is expected to grow to about 225.3 M, whereas Direct Expenses is forecasted to decline to about 2.6 B.

Spectrum Z Score Analysis

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..

  Spectrum Brands Book Value per Share

Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Spectrum Brands Holdings Z Score

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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 )

Spectrum Distress Driver Correlations

About Z Score

To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score 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 high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

  Accumulated Other Comprehensive Income

Spectrum Brands Holdings has Z Score of 0.0. This is 100.0% lower than that of the Consumer Defensive sector and 100.0% lower than that of Household & Personal Products industry. The z score for all United States stocks is 100.0% higher than that of the company.

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Spectrum BrandsCurrent Valuation Drivers

2012201320142015201620192020 (projected)
Revenue Per Employee302.64 K330.53 K302.61 K320.12 K298.06 K342.77 K402.53 K
Interest Coverage0.932.381.742.622.662.391.97
PPandE Turnover13.0410.5310.029.588.069.2711.73
Receivables Turnover8.888.348.518.949.048.147.83
Inventory Turnover4.974.554.34.14.134.755.03
Operating Margin8.610.8810.1113.0211.2110.099.35
Return on Investment10.3711.839.9111.9810.129.19.05
Cash Flow Per Share4.918.217.4810.3511.5510.48.26
Revenue to Assets0.730.80.640.710.670.780.85
Quick Ratio0.780.770.80.740.660.750.85
Current Ratio1.561.571.681.491.441.661.82
Debt to Equity Ratio3.592.872.542.012.091.881.94
EBITDA Margin11.9314.313.5416.4813.1611.8511.62

Spectrum Fundamentals

About Spectrum Brands Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Spectrum Brands Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spectrum Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spectrum Brands Holdings 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.
 2015 2016 2019 2020 (projected)
Receivables538.2 M569.5 M512.55 M476.64 M
Inventories740.6 M775.5 M697.95 M629.02 M


 
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