What is Electronics for Imaging Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, Electronics for Imaging's Probability of Financial Distress (%) is 0.00%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of Electronics for Imaging's Probability of Financial Distress (%)
For the Computer Hardware subindustry, Electronics for Imaging's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Electronics for Imaging's Probability of Financial Distress (%) Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Electronics for Imaging's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Electronics for Imaging's Probability of Financial Distress (%) falls into.
Electronics for Imaging Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | 0.00 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.00% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
Electronics for Imaging (Electronics for Imaging) Business Description
Traded in Other Exchanges
N/A
Address
6750 Dumbarton Circle, Fremont, CA, USA, 94555
Electronics for Imaging provides digital printing services to printer manufacturers, commercial photo labs, sign shops, and billboard graphics providers. The firm operates in three segments: industrial inkjet, which provides eponymous printers to markets undergoing conversion of production from analog to digital; productivity software, which provides products to manage and streamline printing operations; and Fiery, which provides digital front ends to transform printers into networked devices for commercial and industrial use. Roughly half of the firm's revenue is generated in the United States, with the rest coming from Europe, Middle East, and Africa, and Asia-Pacific.
Executives
| Dan Maydan |
director |
|
| Eric F Brown |
director |
C/O POLYCOM, INC., 4750 WILLOW ROAD, PLEASANTON CA 94588 |
| Thomas Georgens |
director |
495 EAST JAVA DRIVE, SUNNYVALE X1 94089 |
| Janice Chaffin |
director |
SYMANTEC CORPORATION, 20330 STEVENS CREEK BLVD., CUPERTINO CA 95014 |
| Muir William D Jr |
director, officer: CHIEF EXECUTIVE OFFICER |
10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG FL 33716 |
| Richard A Kashnow |
director |
313 CONSTITUTION DR, STE 100, MENLO PARK CA 94025 |
| Guy Gecht |
director |
|
| Vincent Pilette |
officer: Chief Financial Officer |
303 VELOCITY WAY, FOSTER CITY CA 94404 |
| John Ritchie |
officer: Chief Financial Officer |
303 VELOCITY WAY, FOSTER CITY X1 94404 |
| James S Greene |
director |
|
| Blum Strategic Gp Iv, L.l.c. |
10 percent owner |
909 MONTOGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
| Saddlepoint Partners Gp, L.l.c. |
10 percent owner |
909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
| Blum Strategic Gp Iii, L.l.c. |
10 percent owner |
909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
| Blum Capital Partners Lp |
10 percent owner |
909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
| Richard C Blum & Associates Inc |
10 percent owner |
909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133 |
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