What is Fintech Scion 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, Fintech Scion's Probability of Financial Distress (%) is 0.43%.
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 Fintech Scion's Probability of Financial Distress (%)
For the Software - Infrastructure subindustry, Fintech Scion'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.
Fintech Scion's Probability of Financial Distress (%) Distribution in the Software Industry
For the Software industry and Technology sector, Fintech Scion's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Fintech Scion's Probability of Financial Distress (%) falls into.
Fintech Scion 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 |
| = | -5.45 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.43% |
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).
Fintech Scion (Fintech Scion) Business Description
Traded in Other Exchanges
N/A
Address
Portman House, 2 Portman Street, London, GBR, W1H 6DU
Fintech Scion Ltd Formerly HWGC Holdings Ltd offers digital banking services by providing the tools, skills and solutions to facilitate payment services to merchants, offering a variety of secured, online and fully managed transactions and settlements. It provides a financial layered ecosystem built on a broad technology infrastructure that enables financial institutions to offer a consolidated experience. The Company support different verticals serving the business-to-business, business-to-consumer and consumer-to-business landscape.
Executives
| Shalom Dodoun |
10 percent owner |
PORTMAN HOUSE, 2 PORTMAN STREET,, LONDON X0 W1H 6DU |
| Lip Bin Mok |
director |
37, JALAN BUKIT MALURI 14, TAMAN BUKIT MALURI, FEDERAL TERRITORY KUALA LUMPUR N8 52100 |
| Chun Hoo Lim |
director, 10 percent owner |
NO. 59, JALAN MANJA 5, VILLA MANJA, SUNWAY SPK DAMANSARA, FEDERAL TERRITORY KUALA LUMPUR N8 52200 |
| Christine Kulbas |
director |
PORTMAN HOUSE, 2 PORTMAN STREET, 4TH FLOOR FINTECHCASHIER OFFICE, LONDON X0 W1H 6DU |
| Yee Ming Leong |
director, officer: CHIEF EXECUTIVE OFFICER |
C-7-11 OAKLEAF PARK CONDO, BUKIT ANTARABANGSA, AMPANG N8 68000 |
| Lim Hui Sing |
10 percent owner |
NO.27, JLN DU 4/7, TAMAN DAMAI UTAMA, PUCHONG, SELANGOR N8 47180 |
| Wee Kiat Lim |
director, 10 percent owner, officer: SECRETARY & CHAIRMAN OF BOARD |
NO. 22A JALAN PJU 3/16 B, DAMANSARA INDAH RESORT HOMES, PETALING JAYA N8 47410 |
| Chun Yen Lim |
10 percent owner |
792 CAMERON EAST TOWER, BLK 3B, GASHING HEIGHTS CONDO, PETALING JAYA N8 46000 |
| Chun Hoo Lim |
director |
59 JALAN MANJA 5, VILLA MANJA SUNWAY SPK, DAMANSARA, WILAYAH PERSEKUTUAN, KUALA LUMPUR N8 52200 |
Fintech Scion (Fintech Scion) Headlines
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