Transact Technologies Incorporated Stock Piotroski F Score

TACT Stock  USD 5.34  0.04  0.75%   
This module uses fundamental data of TransAct Technologies to approximate its Piotroski F score. TransAct Technologies F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of TransAct Technologies Incorporated. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about TransAct Technologies financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out TransAct Technologies Altman Z Score, TransAct Technologies Correlation, TransAct Technologies Valuation, as well as analyze TransAct Technologies Alpha and Beta and TransAct Technologies Hype Analysis.
  
At this time, TransAct Technologies' Short and Long Term Debt Total is comparatively stable compared to the past year. Short Term Debt is likely to gain to about 3.3 M in 2024, whereas Long Term Debt Total is likely to drop slightly above 1.7 M in 2024. At this time, TransAct Technologies' Operating Profit Margin is comparatively stable compared to the past year. Effective Tax Rate is likely to gain to 0.34 in 2024, whereas Operating Cycle is likely to drop 136.60 in 2024.
At this time, it appears that TransAct Technologies' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

TransAct Technologies Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to TransAct Technologies is to make sure TransAct is not a subject of accounting manipulations and runs a healthy internal audit department. So, if TransAct Technologies' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if TransAct Technologies' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.81.3331
Significantly Up
Slightly volatile
Gross Profit Margin0.30.5103
Way Down
Pretty Stable
Total Current Liabilities8.8 M13.6 M
Way Down
Slightly volatile
Non Current Liabilities Total2.1 M1.4 M
Way Up
Slightly volatile
Total Assets38 M54.5 M
Way Down
Slightly volatile
Total Current Assets28.3 M41 M
Way Down
Slightly volatile

TransAct Technologies F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between TransAct Technologies' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards TransAct Technologies in a much-optimized way.

About TransAct Technologies Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Price Book Value Ratio

1.67

At this time, TransAct Technologies' Price Book Value Ratio is comparatively stable compared to the past year.

About TransAct Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze TransAct Technologies Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TransAct Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TransAct Technologies Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. TransAct Technologies Incorporated was incorporated in 1996 and is headquartered in Hamden, Connecticut. Transact Tech operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 118 people.

Currently Active Assets on Macroaxis

When determining whether TransAct Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if TransAct Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Transact Technologies Incorporated Stock. Highlighted below are key reports to facilitate an investment decision about Transact Technologies Incorporated Stock:
Check out TransAct Technologies Altman Z Score, TransAct Technologies Correlation, TransAct Technologies Valuation, as well as analyze TransAct Technologies Alpha and Beta and TransAct Technologies Hype Analysis.
Note that the TransAct Technologies information on this page should be used as a complementary analysis to other TransAct Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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When running TransAct Technologies' price analysis, check to measure TransAct Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TransAct Technologies is operating at the current time. Most of TransAct Technologies' value examination focuses on studying past and present price action to predict the probability of TransAct Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TransAct Technologies' price. Additionally, you may evaluate how the addition of TransAct Technologies to your portfolios can decrease your overall portfolio volatility.
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Is TransAct Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TransAct Technologies. If investors know TransAct will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TransAct Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.8
Earnings Share
0.47
Revenue Per Share
7.299
Quarterly Revenue Growth
(0.26)
Return On Assets
0.0673
The market value of TransAct Technologies is measured differently than its book value, which is the value of TransAct that is recorded on the company's balance sheet. Investors also form their own opinion of TransAct Technologies' value that differs from its market value or its book value, called intrinsic value, which is TransAct Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TransAct Technologies' market value can be influenced by many factors that don't directly affect TransAct Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TransAct Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if TransAct Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TransAct Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.