What is Vnue 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, Vnue's Probability of Financial Distress (%) is 1.03%.
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 Vnue's Probability of Financial Distress (%)
For the Entertainment subindustry, Vnue'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.
Vnue's Probability of Financial Distress (%) Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Vnue's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Vnue's Probability of Financial Distress (%) falls into.
Vnue 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 |
| = | -4.56 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 1.03% |
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).
Vnue (VNUE) Business Description
Traded in Other Exchanges
N/A
Address
104 West 29th Street, 11th Floor, New York, NY, USA, 10001
Vnue Incis a music technology company that utilizes its platforms to record live concerts and commercializes the content by making the content immediately available for purchase through its website and the website at Set.fm, a technology platform that enables musical artists to capture, promote and sell high-fidelity recordings instantly. Its technology provides an income source to artists and records labels from the recorded content. Additionally, it offers high-end collectible products such as CDs, USB drives, and laminates, which feature its fully mixed and mastered live concert content, through its exclusive partner DiscLive Network (the dba of RockHouse Live Media Productions, Inc).
Executives
| Jake P. Noch |
10 percent owner |
1978 GULF SHORE BLVD, SOUTH NAPLES FL 34102 |
| Zach Bair |
director, 10 percent owner, officer: CEO |
104 W. 29TH STREET, 11TH FLOOR, NEW YORK NY 10001 |
| Christopher L. Mann |
10 percent owner |
700 MARR STREET, VENICE CA 90291 |
| Howard Collin |
director, officer: CFO |
239 ANVIL WAY, BALTIMORE MD 21212 |
| Matthew P. Carona |
director, 10 percent owner, officer: CEO |
296 PINE CONE LN, LUDLOW MA 01056 |
| Brad Evans |
director |
580 HORNBY STREET, SUITE 440, VANCOUVER A1 V6C3B6 |
| Andrew Grant Gasmier |
director |
SUITE 440, 580 HORNBY STREET, VANCOUVER A1 V6C 3B5 |
| Allister Blyth |
officer: CFO |
1C HAZEL STREET, COMO, WESTERN AUSTRALIA C3 6152 |
| Benjamin Auld |
director |
SUITE 21, 22 RAILWAY ROAD, SUBIACO, WA C3 6008 |
| Simon Eley |
director, officer: President and CEO |
UNIT 21, 22 RAILWAY ROAD, SUBIALO C3 6008 |
| Six Fingers Pty Ltd. As Trustee For Six Fingers Discretionary Trust |
other: Former 10% holder |
SUITE 21, 22 RAILWAY RD., SUBIACO, WA C3 6008 |
| Karim Lalani |
officer: Corporate Secretary |
144(B) WEST 16TH STREET, NORTH VANCOUVER A1 V7M 1T5 |
| Christopher Robin Relph |
director, officer: Chairman and CFO |
#415 NEBRUCK HOUSE, OLDE TOWNE AT SANDYPORT, WEST BAY STREET, NASSAU C5 V6K 4S1 |
| Smart Train Australian Pty Ltd. |
10 percent owner |
UNIT 21/22 RAILWAY ROAD, SUBIACO C3 WA 6008 |
| Bc & N Pollard Atf Geovet Family Trust |
10 percent owner |
PO BOX 964, WEST PERTH C3 WA 6872 |
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