What is Aeva Technologies 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, Aeva Technologies's Probability of Financial Distress (%) is 0.36%.
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 Aeva Technologies's Probability of Financial Distress (%)
For the Software - Infrastructure subindustry, Aeva Technologies'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.
Aeva Technologies's Probability of Financial Distress (%) Distribution in the Software Industry
For the Software industry and Technology sector, Aeva Technologies's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Aeva Technologies's Probability of Financial Distress (%) falls into.
Aeva Technologies 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 |
| = | -5.62 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.36% |
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).
Aeva Technologies (Aeva Technologies) Business Description
Traded in Other Exchanges
N/A
Address
555 Ellis Street, Mountain View, CA, USA, 94043
Aeva Technologies Inc through its Frequency Modulated Continuous Wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that, along with its proprietary software applications, has the potential to enable the adoption of LiDAR across broad applications from automated driving to consumer electronics, consumer health, industrial automation, and security application.
Executives
| Stephen Paul Zadesky |
director |
555 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
| Sylebra Capital Ltd |
director, 10 percent owner |
28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000 |
| Soroush Salehian Dardashti |
director, 10 percent owner, officer: Chief Executive Officer |
C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
| Erin L Polek |
director |
5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121 |
| Eberle Christopher G Jr |
director |
14 E. 4TH ST SUITE 405, NEW YORK NY 10012 |
| Daniel Patrick Gibson |
10 percent owner |
400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109 |
| Saurabh Sinha |
officer: Chief Financial Officer |
C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
| Peter Hebert |
10 percent owner |
C/O LUX VENTURES, 295 MADISON AVE, 24TH FLOOR, NEW YORK NY 10017 |
| Shahin Farshchi |
director |
11740 WILSHIRE BLVD, #A1309, LOS ANGELES CA 90025 |
| Hrach Simonian |
director |
285 RIVERSIDE AVE., SUITE 250, WESTPORT CT 06880 |
| Mina Rezk |
director, 10 percent owner, officer: President & CTO |
C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
| Josh Wolfe |
10 percent owner |
C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010 |
| Lux Co-invest Opportunities, L.p. |
10 percent owner |
C/O LUX CAPITAL MANAGEMENT, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010 |
| Lux Co-invest Partners, Llc |
10 percent owner |
C/O LUX CAPITAL, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010 |
| Lux Venture Partners Iv, Llc |
10 percent owner |
920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010 |
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