Addus Piotroski F Score

ADUS Stock  USD 93.84  0.41  0.44%   
This module uses fundamental data of Addus HomeCare to approximate its Piotroski F score. Addus HomeCare F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Addus HomeCare. 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 Addus HomeCare financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Addus HomeCare Altman Z Score, Addus HomeCare Correlation, Addus HomeCare Valuation, as well as analyze Addus HomeCare Alpha and Beta and Addus HomeCare Hype Analysis. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide.
Addus HomeCare Debt Current is comparatively stable at the moment as compared to the past year. Addus HomeCare reported Debt Current of 12.42 Million in 2022. Debt to Equity Ratio is likely to gain to 0.53 in 2023, whereas Total Debt is likely to drop slightly above 142.6 M in 2023. Addus HomeCare Quick Ratio is comparatively stable at the moment as compared to the past year. Addus HomeCare reported Quick Ratio of 1.51 in 2022. Net Current Assets as percentage of Total Assets is likely to gain to 10.03 in 2023, whereas Receivables Turnover is likely to drop 5.75 in 2023.
At this time, it appears that Addus HomeCare's Piotroski F Score is Very Strong. 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..
Piotroski F Score - Very Strong
Current Return On AssetsPositiveFocus
Change in Return on AssetsIncreasedFocus
Cash Flow Return on AssetsPositiveFocus
Current Quality of Earnings (accrual)ImprovingFocus
Asset Turnover GrowthIncreaseFocus
Current Ratio ChangeIncreaseFocus
Long Term Debt Over Assets ChangeLower LeverageFocus
Change In Outstending SharesDecreaseFocus
Change in Gross MarginIncreaseFocus

Addus HomeCare Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Addus HomeCare is to make sure Addus is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Addus HomeCare's 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 Addus HomeCare's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted16 M16.2 M
Fairly Down
Slightly volatile
Weighted Average Shares15.7 M15.9 M
Fairly Down
Slightly volatile
Return on Average Assets0.04990.048
Sufficiently Up
Slightly volatile
Net Cash Flow from Operations113.4 M105.1 M
Significantly Up
Slightly volatile
Current Liabilities112 M131.1 M
Fairly Down
Slightly volatile
Total Liabilities247.7 M304.5 M
Significantly Down
Slightly volatile
Gross Margin0.330.315
Sufficiently Up
Slightly volatile
Total Debt142.6 M178.1 M
Significantly Down
Slightly volatile
Asset Turnover1.140.992
Fairly Up
Slightly volatile
Current Assets219.2 M222.8 M
Fairly Down
Slightly volatile
Total Assets753.9 M938 M
Significantly Down
Slightly volatile

Addus HomeCare 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 Addus HomeCare's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Addus HomeCare in a much-optimized way.

About Addus HomeCare 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.

Book Value per Share


Addus HomeCare Book Value per Share is comparatively stable at the moment as compared to the past year. Addus HomeCare reported Book Value per Share of 39.94 in 2022

Addus HomeCare Current Valuation Drivers

We derive many important indicators used in calculating different scores of Addus HomeCare from analyzing Addus HomeCare's financial statements. These drivers represent accounts that assess Addus HomeCare's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Addus HomeCare's important valuation drivers and their relationship over time.
201820192020202120222023 (projected)
Net Income Per Employee5287599401.41 K1.39 K1.5 K
Revenue Per Employee15.63 K19.52 K21.7 K27.09 K28.66 K23.27 K
Average Assets348.79 M510.87 M723.44 M909.81 M958.92 M1.03 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA34.19 M46.27 M57.18 M80.7 M83.14 M67.17 M
Earnings Before Interest Taxes and Depreciation Amortization USD34.19 M46.27 M57.18 M80.7 M83.14 M67.17 M
Earnings before Tax20.53 M32.6 M41.94 M60.4 M60.17 M48.6 M
Average Equity225.87 M379.14 M501.99 M551.59 M608.48 M480.59 M
Enterprise Value842.85 M1.35 B1.78 B1.59 B1.7 B1.36 B
Free Cash Flow27.85 M7.4 M102.58 M34.84 M96.81 M104.45 M
Invested Capital74.24 M179.25 M293.37 M346.06 M249.91 M214.17 M
Invested Capital Average121.34 M155.25 M201.64 M336.77 M304.71 M241.41 M
Market Capitalization889.12 M1.51 B1.85 B1.49 B1.6 B1.32 B
Tangible Asset Value188.87 M304.3 M351.96 M378.87 M282.97 M265.49 M
Working Capital114.51 M181.86 M143.8 M206.65 M91.66 M107.24 M

About Addus HomeCare Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Addus HomeCare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Addus HomeCare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Addus HomeCare 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.
Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. Addus HomeCare Corporation was founded in 1979 and is based in Frisco, Texas. Addus Homecare operates under Medical Care Facilities classification in the United States and is traded on NASDAQ Exchange. It employs 5416 people.

Addus HomeCare Investors Sentiment

The influence of Addus HomeCare's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Addus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Addus HomeCare's public news can be used to forecast risks associated with an investment in Addus. The trend in average sentiment can be used to explain how an investor holding Addus can time the market purely based on public headlines and social activities around Addus HomeCare. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Addus HomeCare's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Addus HomeCare's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Addus HomeCare's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Addus HomeCare.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Addus HomeCare in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Addus HomeCare's short interest history, or implied volatility extrapolated from Addus HomeCare options trading.

Pair Trading with Addus HomeCare

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Addus HomeCare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Addus HomeCare will appreciate offsetting losses from the drop in the long position's value.

Moving against Addus Stock

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The ability to find closely correlated positions to Addus HomeCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addus HomeCare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Addus HomeCare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Addus HomeCare to buy it.
The correlation of Addus HomeCare is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Addus HomeCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addus HomeCare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Addus HomeCare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Addus HomeCare Altman Z Score, Addus HomeCare Correlation, Addus HomeCare Valuation, as well as analyze Addus HomeCare Alpha and Beta and Addus HomeCare Hype Analysis. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Addus HomeCare's price analysis, check to measure Addus HomeCare's 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 Addus HomeCare is operating at the current time. Most of Addus HomeCare's value examination focuses on studying past and present price action to predict the probability of Addus HomeCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addus HomeCare's price. Additionally, you may evaluate how the addition of Addus HomeCare to your portfolios can decrease your overall portfolio volatility.
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Is Addus HomeCare's 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 Addus HomeCare. If investors know Addus 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 Addus HomeCare 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
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
The market value of Addus HomeCare is measured differently than its book value, which is the value of Addus that is recorded on the company's balance sheet. Investors also form their own opinion of Addus HomeCare's value that differs from its market value or its book value, called intrinsic value, which is Addus HomeCare's 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 Addus HomeCare's market value can be influenced by many factors that don't directly affect Addus HomeCare's 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 Addus HomeCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addus HomeCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addus HomeCare's 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.