What is RetailMeNot 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, RetailMeNot'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 RetailMeNot's Probability of Financial Distress (%)
For the Internet Content & Information subindustry, RetailMeNot'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.
RetailMeNot's Probability of Financial Distress (%) Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, RetailMeNot's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where RetailMeNot's Probability of Financial Distress (%) falls into.
RetailMeNot 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).
RetailMeNot (RetailMeNot) Business Description
Traded in Other Exchanges
N/A
Address
RetailMeNot Inc was formed in September 2007. The Company operates a digital savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. Digital offers are offers, offer codes and brand or category specific discounts made available online or through mobile applications that are used by consumers to make online or in-store purchases directly from retailers. Digital offers can include coupons, sales, consumer tips, advertisements, discounted digital gift cards redeemable at retailers or cash-back rebates associated with the purchase of a product or a consumer action. The Company's websites, mobile applications, email newsletters and alerts and social media presence enable consumers to search for, discover and redeem hundreds of thousands of relevant digital offers from retailers and brands. Its marketplace features digital offers across multiple product categories, including clothing; electronics; health and beauty; home and office; travel, dining and entertainment; personal and business services; and shoes. The Company provides its retailers and brands access to consumer. Its product development approach is centered on building products that enable consumers to discover quality digital offers, virtually anytime and anywhere, and redeem them online or in-store. The Company's products and services for consumers are free of charge and available through its websites and mobile applications. The Company offers its consumers hundreds of thousands of digital offers from tens of thousands of retailers and brands across multiple product categories. Its mobile applications allow consumers to shop when and where consumer want. Consumers use the mobile applications to discover, store for use later and access the digital offers it wants and to redeem them both online and in-store. The consumers can browse top digital offers, popular stores and product category listings. The Company's mobile applications also allow users to share digital offers with others via email, text message or through social media channels. Its competitors include Goodsearch, bradsdeals, savings.com, Tech Bargains and Coupon Cabin, Groupon, Living Social, Coupons.com and PayPal. The Company's operations are subject to general business regulations and laws as well as regulations and laws specifically governing the Internet, e-commerce and mobile commerce, or m-commerce, in a number of jurisdictions around the world.
Executives
| Thomas Aylor |
officer: Vice President, Finance |
11305 FOUR POINTS DR, BUILDING II THIRD FLOOR, AUSTIN TX 78726 |
| Di Valerio J Scott |
officer: Chief Financial Officer |
RETAILMENOT, INC., 301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701 |
| Jules A. Maltz |
director |
3000 SAND HILL ROAD, BUILDING 2, SUITE 250, MENLO PARK CA 94025 |
| Brian Sharples |
director |
1250 CAPITAL OF TX HWY, BLDG 2, PLAZA 1, AUSTIN TX 78746 |
| Tamar Yehoshua |
director |
301 CONGRESS AVE, STE 700, AUSTIN TX 78701 |
| Gokul Rajaram |
director |
301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701 |
| Greg J Santora |
director |
4201 GRANT COURT, PLEASANTON CA 94566 |
| Jeffrey Crowe |
director |
525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94301 |
| Kenneth P Deangelis |
10 percent owner |
300 WEST SIXTH ST STE 2300, AUSTIN TX 78701 |
| Av Partners X, L.p. |
10 percent owner |
300 W. 6TH STREET, SUITE 2300, AUSTIN TX 78701 |
| Av Partners X, L.l.c. |
10 percent owner |
300 W. 6TH STREET, SUITE 2300, AUSTIN TX 78701 |
| Austin Ventures X Lp |
10 percent owner |
300 WEST 6TH STREET, SUITE 2300, AUSTIN TX 78701 |
| Av Partners Ix Llc |
10 percent owner |
C/O AUSTIN VENTURES, 300 WEST 6TH STREET, SUITE 2300, AUSTIN TX 78701 |
| Av Partners Ix Lp |
10 percent owner |
C/O AUSTIN VENTURES, 300 WEST 6TH STREET, SUITE 2300, AUSTIN TX 78701 |
| Austin Ventures Ix Lp |
10 percent owner |
C/O AUSTIN VENTURES, 300 WEST 6TH STREET, SUITE 2300, AUSTIN TX 78701 |
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