What is AB International Group 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, AB International Group's Probability of Financial Distress (%) is 26.37%.
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 AB International Group's Probability of Financial Distress (%)
For the Entertainment subindustry, AB International Group'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.
AB International Group's Probability of Financial Distress (%) Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, AB International Group's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where AB International Group's Probability of Financial Distress (%) falls into.
AB International Group 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 |
| = | -1.03 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 26.37% |
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).
AB International Group (AB International Group) Business Description
Traded in Other Exchanges
N/A
Address
144 Main Street, Mount Kisco, New York, NY, USA, 10549
AB International Group Corp is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property, including the acquisition and distribution of movies. It is predominantly engaged in owning or leasing franchises, patents, and copyrights then in turn license others to use. The company is also engaged in other businesses such as providing Video streaming service under the brand name ABQQ.tv, Smartphone patent, NFT movie and music marketplace license business and operating AB movie theatres. The company has two reportable segments, Copyrights and license (IP) segment which generates majority of the revenue and cinema segment.
Executives
| Chiyuan Deng |
director, officer: President |
2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077 |
| Pathikonda Sivakumar Arikeri |
10 percent owner |
#08-245, BLOCK #107, YISHUN KING ROAD, SINGAPORE U0 760107 |
| Lijun Yu |
10 percent owner, officer: Chief Marketing Officer |
16TH FLOOR, RICH TOWERS, 2 BLENHEIM AVENUE, TSIM SHA TSUI, KOWLOON K3 00000 |
| Linqing Ye |
director |
SHOP 518 5/F TM PLAZA, 88 QINGHEZHONGLU, GUANGZHOU F4 511400 |
| Alexander Holtermann |
director, officer: Chief Executive Officer |
KRANICHSTEINER STR 21, 60598 FRANKFURT AM MAIN 2M 60598 |
| Jianli Deng |
10 percent owner, officer: Secretary and Treasurer |
2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077 |
| Ian Wright |
officer: Chief Operating Officer |
BOECKLINSTRASSE 3, FRANKFURT AM MAIN GERMANY, FRANKFURT 2M 60596 |
| Luis Hadic |
officer: Chief Financial Officer |
23717 110B AVE., MAPLE RIDGE A1 V2W 2E2 |
| Ho Ming Chung |
officer: Chief Technology Officer |
23/F ROOM 8 BLOCK A WANG KWONG BLDG., 22 NGAU TAU KOK ROAD, KOWLOON K3 999077 |
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