TMS International (TMS)
TMS International Altman Z-Score
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About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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TMS News
about 29 days ago by earningscast
Mar 12, 4:15PM PR Newswire
Mar 02, 8:30AM PR Newswire
Mar 02, 7:00AM PR Newswire
Mar 01, 4:10PM Benzinga
Mar 01, 4:04PM Street Insider
Mar 01, 4:03PM PR Newswire
Feb 14, 2:15PM PR Newswire
about 108 days ago by earningscast
Feb 14, 8:45AM PR Newswire
Feb 01, 5:15PM PR Newswire
Feb 01, 5:03PM PR Newswire
Dec 21, 10:30AM PR Newswire
Dec 15, 4:10PM PR Newswire
Nov 29, 5:20PM FlyOnTheWall
Nov 29, 5:17PM PR Newswire
about 412 days ago by IPOtweet
about 414 days ago by IPOtweet
about 414 days ago by IPOtweet
about 414 days ago by Street_Insider
about 414 days ago by ivanhoff
about 414 days ago by STawesome
about 414 days ago by Street_Insider
about 415 days ago by IPOtweet
about 820 days ago by DigDugTrader
about 829 days ago by DigDugTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TMS | 11.10 | -0.37 | -3.23% | |
| TMP | 36.61 | +0.01 | +0.03% | 408.46M |
| TIVO | 8.54 | -0.42 | -4.69% | 1.044B |
| TITN | 30.85 | -1.33 | -4.13% | 668.70M |
| TISI | 26.68 | +0.33 | +1.25% | 518.83M |
| TISA | 3.87 | +0.32 | +9.01% | 38.66M |
| TIS | 16.27 | +0.28 | +1.75% | 120.40M |
| TIPZ | 60.49 | -0.06 | -0.11% | |
| TIP | 121.31 | +0.58 | +0.48% | |
| TINY | 3.53 | +0.11 | +3.22% | 106.02M |