What is Microbot Medical 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, Microbot Medical's Probability of Financial Distress (%) is 1.00%.
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 Microbot Medical's Probability of Financial Distress (%)
For the Medical Instruments & Supplies subindustry, Microbot Medical'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.
Microbot Medical's Probability of Financial Distress (%) Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Microbot Medical's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Microbot Medical's Probability of Financial Distress (%) falls into.
Microbot Medical 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 |
| = | -4.59 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 1.00% |
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).
Microbot Medical (Microbot Medical) Business Description
Traded in Other Exchanges
Address
25 Recreation Park Drive, Unit 108, Hingham, MA, USA, 02043
Microbot Medical Inc is a pre-clinical medical device company. It specializes in developing next-generation micro-robotic medical technologies that can change the future of medicine. Their vision is to improve the quality of life of millions of patients globally by advancing micro-robotic technologies to perform surgical procedures and offer physicians and their patients less invasive and more precise solutions. The company's innovative platforms LIBERTY and Self-Cleaning Shunt (SCS) are in one of the fastest-growing segments in healthcare. The group continuously develops its technology with the goal to improve surgical outcomes worldwide. The firm presently holds domestic and global patents that strengthen its product portfolio and create barriers of entry.
Executives
| Rachel Vaknin |
officer: Chief Financial Officer |
DROR 3/10, ZICHRON YAAKOV L3 3090216 |
| Simon Sharon |
officer: General Manager & CTO |
8 HAMADA STREET, ZICHRON YAACOV L3 3090708 |
| Yoseph Bornstein |
director, 10 percent owner |
16 IRUS STREET, ROSH HA'AYIN L3 4858022 |
| Tal Baruch Wenderow |
director |
1149, BEACON STREET, NEWTON MA 02461 |
| Eyal Morag |
officer: Chief Medical Officer |
BONEY HAEAR 3 STREET, APT #13, TEL AVIV L3 6937303 |
| Aileen Ptucha Stockburger |
director |
26 WELLINGTON CT, BELLE MEADE NJ 08502 |
| Harel Gadot |
director, 10 percent owner, officer: Chairman and CEO |
5 VILLAGE LANE, HINGHAM MA 02043 |
| Joseph Mona |
10 percent owner |
808 HAMPTON ST, COLUMBIA SC 29201 |
| Prattipati Laxminarain |
director |
3 HEWINS FARM ROAD, WELLESLEY MA 02481 |
| Yoav Zvi Waizer |
director |
8 HAVERED STREET, RAANANA L3 4352308 |
| Moshe Shoham |
director |
22 BEDOLACH STREET, HOSHAYA L3 1791500 |
| Leon Lewkowicz |
10 percent owner |
GORDON STREET 10, APARTMENT 7, TEL-AVIV L3 63458 |
| Martin J. Madden |
director |
C/O MICROBOT MEDICAL INC., 175 DERBY STREET 27/1, HINGHAM MA 02043 |
| Yehezkel Himelfarb |
officer: General Manager & COO |
32 BEN YOSEF STREET, TEL-AVIV L3 6912530 |
| Sandra Berkson |
10 percent owner |
C/O SABER HOLDING GMBH, WEIN KRUMMBAUMGASSE C4 1020 |
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