What is Alpha Teknova 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, Alpha Teknova's Probability of Financial Distress (%) is 0.46%.
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 Alpha Teknova's Probability of Financial Distress (%)
For the Drug Manufacturers - Specialty & Generic subindustry, Alpha Teknova'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.
Alpha Teknova's Probability of Financial Distress (%) Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Alpha Teknova's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Alpha Teknova's Probability of Financial Distress (%) falls into.
Alpha Teknova 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 |
| = | -5.39 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.46% |
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).
Alpha Teknova (Alpha Teknova) Business Description
Traded in Other Exchanges
N/A
Address
2451 Bert Drive, Hollister, CA, USA, 95023
Alpha Teknova Inc provides critical reagents that enable the discovery, development, and production of biopharmaceutical products such as drug therapies, novel vaccines, and molecular diagnostics. Its product offerings include pre-poured media plates for cell growth and cloning, liquid cell culture media and supplements for cellular expansion, and molecular biology reagents for sample manipulation, resuspension, and purification.
Executives
| Ken Gelhaus |
officer: Chief Commercial Officer |
2290 BERT DRIVE, HOLLISTER CA 95023 |
| Stephen Gunstream |
director, officer: See Remarks |
2290 BERT DRIVE, HOLLISTER CA 95023 |
| J Matthew Mackowski |
director |
343 SANSOME ST, SUITE 1215, SANSASAN FRANCISCO CA 94104 |
| Matthew Lowell |
officer: Chief Financial Officer |
2290 BERT DRIVE, HOLLISTER CA 95023 |
| Damon Terrill |
officer: See Remarks |
2290 BERT DRIVE, HOLLISTER CA 95023 |
| Thp Iv Affiliates Fund, Llc |
10 percent owner |
360 POST STREET, SUITE 601, SAN FRANCISCO CA 94108 |
| Martha J Demski |
director |
7770 REGENTS ROAD SUITE 113-505, SAN DIEGO CA 92122 |
| Lisa Hood |
officer: Chief People Officer |
2290 BERT DRIVE, HOLLISTER CA 95023 |
| Irene Davis |
director |
2290 BERT DRIVE, HOLLISTER CA 95023 |
| Ted Davis |
director |
2290 BERT DRIVE, HOLLISTER CA 95023 |
| Telegraph Hill Partners Iv, L.p. |
10 percent owner |
360 POST STREET, SUITE 601, SAN FRANCISCO MA 94108 |
| Paul David Grossman |
director |
1600 FARADAY AVENUE, CARLSBAD CA 92008 |
| Brett Robertson |
director |
C/O INVUITY, INC., 444 DE HARO STREET, SAN FRANCOSCO CA 94107 |
| Alexander C. Herzick |
director |
2290 BERT DRIVE, HOLLISTER CA 95023 |
| Telegraph Hill Partners Management Company, Llc |
10 percent owner |
360 POST STREET, SUITE 601, SAN FRANCISCO CA 94108 |
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