ASMIY Piotroski F Score

ASMIY -  USA Stock  

USD 442.74  26.78  6.44%

This module uses fundamental data of ASM INTERNATIONAL to approximate its Piotroski F score. ASM INTERNATIONAL F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of ASM INTERNATIONAL NV. 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 ASM INTERNATIONAL financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to ASM INTERNATIONAL Altman Z Score, ASM INTERNATIONAL Correlation, ASM INTERNATIONAL Valuation, as well as analyze ASM INTERNATIONAL Alpha and Beta and ASM INTERNATIONAL Hype Analysis.

ASMIY Piotroski F Score 

 
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ASM INTERNATIONAL Total Debt is fairly stable at the moment as compared to the past year. ASM INTERNATIONAL reported Total Debt of 72.56 Million in 2020. Debt Non Current is likely to rise to about 11.7 M in 2021, whereas Debt Current is likely to drop slightly above 73.9 M in 2021. ASM INTERNATIONAL Price to Book Value is fairly stable at the moment as compared to the past year. ASM INTERNATIONAL reported Price to Book Value of 1.18 in 2020. Price to Earnings Ratio is likely to rise to 19.13 in 2021, whereas Book Value per Share is likely to drop 25.66 in 2021.
At this time, it appears that ASM INTERNATIONAL's 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..
5.0
Piotroski F Score - Healthy
1
Current Return On Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Decreasing
5
Asset Turnover Growth
Increase
6
Current Ratio Change
Decrease
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
No Change

ASM INTERNATIONAL Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to ASM INTERNATIONAL is to make sure ASMIY is not a subject of accounting manipulations and runs a healthy internal audit department. So, if ASM INTERNATIONAL'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 ASM INTERNATIONAL's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares72.1 M73 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted74.9 M73.8 M
Fairly Up
Increasing
Slightly volatile
Net Cash Flow from Operations109.4 M99.4 M
Significantly Up
Decreasing
Slightly volatile
Total AssetsB2.1 B
Notably Down
Increasing
Slightly volatile
Total Liabilities126.3 M123.1 M
Fairly Up
Decreasing
Slightly volatile
Current Assets661.1 M556.2 M
Fairly Up
Decreasing
Slightly volatile
Current Liabilities124.6 M121.4 M
Fairly Up
Decreasing
Slightly volatile
Total Debt103.9 M72.6 M
Way Up
Decreasing
Slightly volatile
Return on Average Assets0.09560.0932
Fairly Up
Decreasing
Stable
Gross Margin0.360.39
Significantly Down
Increasing
Stable
Asset Turnover0.30.29
Sufficiently Up
Decreasing
Slightly volatile

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

About ASM INTERNATIONAL 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

25.66Share
ASM INTERNATIONAL Book Value per Share is fairly stable at the moment as compared to the past year. ASM INTERNATIONAL reported Book Value per Share of 30.60 in 2020

About ASM INTERNATIONAL Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ASM INTERNATIONAL NV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASM INTERNATIONAL using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASM INTERNATIONAL NV 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.
ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices. ASM International NV was founded in 1968 and is headquartered in Almere, the Netherlands. ASM INTERNATIONAL operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 2583 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ASM INTERNATIONAL without increasing your portfolio risk or giving up 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 ASM INTERNATIONAL

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 ASM INTERNATIONAL 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 ASM INTERNATIONAL will appreciate offsetting losses from the drop in the long position's value.

ASM INTERNATIONAL Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for ASM INTERNATIONAL and Daqo New Energy. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to ASM INTERNATIONAL Altman Z Score, ASM INTERNATIONAL Correlation, ASM INTERNATIONAL Valuation, as well as analyze ASM INTERNATIONAL Alpha and Beta and ASM INTERNATIONAL Hype Analysis. Note that the ASM INTERNATIONAL information on this page should be used as a complementary analysis to other ASM INTERNATIONAL's 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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Is ASM INTERNATIONAL'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 ASM INTERNATIONAL. If investors know ASMIY 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 ASM INTERNATIONAL listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ASM INTERNATIONAL is measured differently than its book value, which is the value of ASMIY that is recorded on the company's balance sheet. Investors also form their own opinion of ASM INTERNATIONAL's value that differs from its market value or its book value, called intrinsic value, which is ASM INTERNATIONAL'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 ASM INTERNATIONAL's market value can be influenced by many factors that don't directly affect ASM INTERNATIONAL'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 ASM INTERNATIONAL's value and its price as these two are different measures arrived at by different means. Investors typically determine ASM INTERNATIONAL value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASM INTERNATIONAL'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.