Addex Piotroski F Score

Stocks . USA . 
Stock . Addex Therapeutics
ADXN Stock  USD 0.70  0.05  7.69%   
This module uses fundamental data of Addex Therapeutics to approximate its Piotroski F score. Addex Therapeutics F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Addex Therapeutics. 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 Addex Therapeutics financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Addex Therapeutics Altman Z Score, Addex Therapeutics Correlation, Addex Therapeutics Valuation, as well as analyze Addex Therapeutics Alpha and Beta and Addex Therapeutics Hype Analysis. To learn how to invest in Addex Stock, please use our How to Invest in Addex Therapeutics guide.
  
Addex Therapeutics Total Debt is very stable at the moment as compared to the past year. Addex Therapeutics reported last year Total Debt of 373,135. As of 1st of June 2023, Debt Non Current is likely to grow to about 121.3 K, while Debt Current is likely to drop about 282.7 K. Addex Therapeutics Asset Turnover is very stable at the moment as compared to the past year. Addex Therapeutics reported last year Asset Turnover of 0.12. As of 1st of June 2023, Book Value per Share is likely to grow to 0.80, while Debt to Equity Ratio is likely to drop 0.58.
At this time, it appears that Addex Therapeutics' Piotroski F Score is Frail. 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..
3.0
Piotroski F Score - Frail
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsNegativeFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Addex Therapeutics Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Addex Therapeutics is to make sure Addex is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Addex Therapeutics' 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 Addex Therapeutics' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares36.6 M37.9 M
Sufficiently Down
Slightly volatile
Net Cash Flow from Operations(16.9 M)(16.4 M)
Fairly Down
Slightly volatile
Current Liabilities3.7 M3.3 M
Moderately Up
Slightly volatile
Total Liabilities4.4 M3.4 M
Significantly Up
Slightly volatile
Gross Margin0.890.9
Fairly Down
Slightly volatile
Total Debt404 K373.1 K
Significantly Up
Slightly volatile
Asset Turnover0.120.115
Sufficiently Up
Slightly volatile
Current Assets8 M7.8 M
Fairly Up
Slightly volatile
Total Assets8.5 M8.3 M
Fairly Up
Slightly volatile

Addex Therapeutics 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 Addex Therapeutics' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Addex Therapeutics in a much-optimized way.
Click cells to compare fundamentals

About Addex Therapeutics 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

0.8

Addex Therapeutics Book Value per Share is very stable at the moment as compared to the past year. Addex Therapeutics reported last year Book Value per Share of 0.78

Addex Therapeutics Current Valuation Drivers

We derive many important indicators used in calculating different scores of Addex Therapeutics from analyzing Addex Therapeutics' financial statements. These drivers represent accounts that assess Addex Therapeutics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Addex Therapeutics' important valuation drivers and their relationship over time.
201820192020202120222023 (projected)
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(1.42 M)(14.23 M)(11.83 M)(14.94 M)(20.17 M)(20.7 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(1.45 M)(14.67 M)(13.44 M)(16.42 M)(21.69 M)(22.26 M)
Earnings before Tax(1.64 M)(14.78 M)(12.86 M)(15.35 M)(20.8 M)(21.35 M)
Free Cash Flow1.74 M(9.51 M)(12.24 M)(14.74 M)(16.44 M)(16.87 M)
Invested Capital(1.79 M)(3.64 M)(1.57 M)(1.6 M)(1.58 M)(1.71 M)
Tangible Asset Value42.21 M33.03 M20.18 M22.54 M8.28 M8.5 M
Working Capital39.82 M26.71 M15.87 M17.81 M4.55 M4.67 M

About Addex Therapeutics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Addex Therapeutics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Addex Therapeutics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Addex Therapeutics 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.
Addex Therapeutics Ltd, a development-stage biopharmaceutical company, discovers, develops, and commercializes small-molecule pharmaceutical products for central nervous system disorders in Switzerland. Addex Therapeutics Ltd was founded in 2002 and is headquartered in Geneva, Switzerland. Addex Therapeutics operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 26 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Addex Therapeutics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Addex Therapeutics

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 Addex Therapeutics 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 Addex Therapeutics will appreciate offsetting losses from the drop in the long position's value.

Moving together with Addex Stock

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Moving against Addex Stock

-0.48VBLTVascular Biogenics Fiscal Quarter End 30th of June 2023 PairCorr
-0.44VECTVectivBio Holding Report 19th of July 2023 PairCorr
The ability to find closely correlated positions to Addex Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addex Therapeutics 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 Addex Therapeutics - 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 Addex Therapeutics to buy it.
The correlation of Addex Therapeutics 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 Addex Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addex Therapeutics 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 Addex Therapeutics 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 Addex Therapeutics Altman Z Score, Addex Therapeutics Correlation, Addex Therapeutics Valuation, as well as analyze Addex Therapeutics Alpha and Beta and Addex Therapeutics Hype Analysis. To learn how to invest in Addex Stock, please use our How to Invest in Addex Therapeutics guide. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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Is Addex Therapeutics' 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 Addex Therapeutics. If investors know Addex 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 Addex Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.41) 
Revenue Per Share
0.192
Quarterly Revenue Growth
0.493
Return On Assets
(0.83) 
Return On Equity
(1.90) 
The market value of Addex Therapeutics is measured differently than its book value, which is the value of Addex that is recorded on the company's balance sheet. Investors also form their own opinion of Addex Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Addex Therapeutics' 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 Addex Therapeutics' market value can be influenced by many factors that don't directly affect Addex Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Addex Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Addex Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addex Therapeutics' 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. Check out Addex Therapeutics Altman Z Score, Addex Therapeutics Correlation, Addex Therapeutics Valuation, as well as analyze Addex Therapeutics Alpha and Beta and Addex Therapeutics Hype Analysis. To learn how to invest in Addex Stock, please use our How to Invest in Addex Therapeutics guide.


 
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