What is The Intergroup 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, The Intergroup's Probability of Financial Distress (%) is 0.15%.
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 The Intergroup's Probability of Financial Distress (%)
For the Lodging subindustry, The Intergroup'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.
The Intergroup's Probability of Financial Distress (%) Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Intergroup's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where The Intergroup's Probability of Financial Distress (%) falls into.
The Intergroup 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 |
| = | -6.51 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.15% |
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).
The Intergroup (The Intergroup) Business Description
Traded in Other Exchanges
N/A
Address
1516 S. Bundy Drive, Suite 200, Los Angeles, CA, USA, 90025
The Intergroup Corp is an us-based company operating in the real estate sector. It is formed to buy, develop, operate, rehabilitate and dispose of real property of various types and descriptions, and to engage in other related business and investment activities. The company operates through three segments namely Hotel Operations, Real Estate Operations, and Investment Transactions. The Hotel Operations segment which generates the majority of the revenue covers the operation of the Hilton hotel and garage. The Real Estate Operations segment consists of the operation of multifamily rental properties whereas the Investment Transactions segment includes an investment of cash in marketable securities and other investments.
Executives
| John C Love |
director |
11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025 |
| Babin C Jerold |
director |
11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES, LOS ANGELES CA 90025 |
| William John Nance |
director |
11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025 |
| Danfeng Xu |
officer: Treasurer and Controller |
1100 GLENDON AVENUE, SUITE PH-1, LOS ANGELES CA 90024 |
| Yvonne L Murphy |
director |
10940 WILSHIRE BLVD., SUITE 2150, LOS ANGELES X1 90024 |
| David T Nguyen |
officer: TREASURER |
10940 WILSHIRE BLVD, SUITE 2150, LOS ANGELES CA 90024 |
| Michael G Zybala |
10 percent owner |
PO BOX 270828, SAN DIEGO CA 92198-2828 |
| John V Winfield |
director, 10 percent owner, officer: President & CEO |
11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025 |
| Michael Gary Zybala |
officer: Asst. Secretary & Gen. Counsel |
16912 ABUNDANTE ST, SAN DIEGO CA 92127 |
| David C Gonzalez |
officer: Vice President Real Estate |
|
| Gary N Jacobs |
director, officer: Secretary |
MGM MIRAGE, 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109 |
| Josef A Grunwald |
director |
820 MORAGA DRIVE, LOS ANGELES CA 90049 |
| Mildred Bond Roxborough |
director |
39 BROADWAY, SUITE 2200, NEW YORK NY 10006 |
The Intergroup (The Intergroup) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
INTG has been successfully added to your