What is The Bon-Ton Stores 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 Bon-Ton Stores'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 The Bon-Ton Stores's Probability of Financial Distress (%)
For the Department Stores subindustry, The Bon-Ton Stores'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 Bon-Ton Stores's Probability of Financial Distress (%) Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, The Bon-Ton Stores's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where The Bon-Ton Stores's Probability of Financial Distress (%) falls into.
The Bon-Ton Stores 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).
The Bon-Ton Stores (The Bon-Ton Stores) Business Description
Traded in Other Exchanges
N/A
Address
2801 East Market Street, York, PA, USA, 17402
The Bon-Ton Stores Inc operates is a department store operator in the United States. It offers a range of brand-name fashion apparel and accessories for women, men, and children, through stores in the United States. Its nationally distributed brand assortment includes a range of labels in the apparel, accessories, footwear, cosmetics and home furnishings industries, such as Anne Klein, Calvin Klein, Carters, Chaps, Clarks, Clinique, Coach, Estee Lauder and Others.
Executives
| Chad C Stauffer |
officer: EVP, Chief Merchandising Off. |
AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074 |
| Philmer H Rohrbaugh |
director |
C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602 |
| Morgan Donald E Iii |
10 percent owner |
C/O BRIGADE CAPITAL MANAGEMENT, LLC, 717 FIFTH AVENUE, SUITE 1301, NEW YORK NY 10022 |
| Brigade Leveraged Capital Structures Fund Ltd. |
10 percent owner |
ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005 |
| Todd C Mccarty |
director |
2801 EAST MARKET STREET, YORK PA 17402 |
| Nancy A Walsh |
officer: EVP, Chief Financial Officer |
LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230 |
| Lucinda M Baier |
director |
111 WESTWOOD PLACE, SUITE 400, BRENTWOOD TN 37027 |
| Brendan Hoffman |
director |
100 PIER 1 PLACE, FORT WORTH TX 76102 |
| Thomas K Hernquist |
director |
2801 EAST MARKET STREET, YORK PA 17402 |
| Remy W Trafelet |
10 percent owner |
C/O TRAFELET BROKAW CAPITAL MANAGEMENT,, 410 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
| Trafelet & Co Llc |
10 percent owner |
410 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
| Trafelet Capital Management, L.p. |
10 percent owner |
410 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
| Lynn C Derry |
officer: Senior VP - Gen Merch Manager |
CHRISTOPHER & BANKS CORPORATION 2400 XENIUM LANE NORTH PLYMOUTH MN 55441 |
| Frank Tworecke |
officer: President & COO |
THE BON-TON STORES, INC. 2801 E. MARKET ST., P.O. BOX 2821 YORK PA 17405 |
The Bon-Ton Stores (The Bon-Ton Stores) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BONTQ has been successfully added to your