What is PLBY Group 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, PLBY Group's Probability of Financial Distress (%) is 0.64%.
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 PLBY Group's Probability of Financial Distress (%)
For the Leisure subindustry, PLBY Group'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.
PLBY Group's Probability of Financial Distress (%) Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, PLBY Group's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where PLBY Group's Probability of Financial Distress (%) falls into.
PLBY Group 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 |
| = | -5.04 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.64% |
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).
PLBY Group (PLBY Group) Business Description
Traded in Other Exchanges
N/A
Address
10960 Wilshire Boulevard, Suite 2200, Los Angeles, CA, USA, 90024
PLBY Group, Inc. ("PLBY Group") connects consumers around the world with products, services, and experiences to help them look good, feel good, and have fun. PLBY Group serves consumers in four major categories: Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming PLBY Group's flagship consumer brand, Playboy, is one of the most recognizable, iconic brands in the world, driving more than $3 billion in global consumer spend annually across 180 countries.
Executives
| Kohn Bernhard L Iii |
director, officer: CEO and President |
C/O PLBY GROUP, INC., 10960 WILSHIRE BLVD, SUITE 2200, LOS ANGELES CA 90024 |
| Florus Beuting |
officer: Chief Accounting Officer |
C/O PLBY GROUP, INC., 10960 WILSHIRE BLVD, SUITE 2200, LOS ANGELES CA 90024 |
| Christopher Riley |
officer: General Counsel & Secretary |
8800 WEST SUNSET BOULEVARD, WEST HOLLYWOOD CA 90069 |
| Lance Barton |
officer: Chief Financial Officer |
10960 WILSHIRE BLVD., SUITE 2200, LOS ANGELES CA 90024 |
| Marc Crossman |
officer: CFO & COO |
162 RIDGEWOOD AVENUE, GLEN RIDGE NJ 07028 |
| Suhail Rizvi |
director, 10 percent owner |
575 MADISON AVE, 7TH FLOOR, NEW YORK NY 10022 |
| John Giampetroni |
10 percent owner |
260 EAST BROWN STREET, SUITE 380, BIRMINGHAM MI 48009 |
| Juliana F Hill |
director |
|
| Tracey E Edmonds |
director |
C/O PLBY GROUP, INC., 10960 WILSHIRE BLVD, SUITE 2200, LOS ANGELES CA 90024 |
| Rizvi Opportunistic Equity Fund Ii, L.p. |
10 percent owner |
260 EAST BROWN STREET, SUITE 380, BIRMINGHAM MI 48009 |
| Rizvi Traverse Gp Ii, Llc |
10 percent owner |
801 NORTHPOINT PARKWAY, SUITE 129, WEST PALM BEACH FL 33407 |
| Drawbridge Special Opportunities Fund Lp |
10 percent owner |
C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105 |
| Fortress Investment Group Llc |
10 percent owner |
1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105 |
| Fig Llc |
10 percent owner |
1345 AVENUE OF THE AMERICAS, 46 FLOOR, NEW YORK NY 10105 |
| Fortress Operating Entity I Lp |
10 percent owner |
1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
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