Comtech Piotroski F Score
CMTL Stock  USD 12.19 0.33 2.64% 
Comtech  Piotroski F Score 
At this time, it appears that Comtech Telecommunicatio's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski FScore 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 longterm 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
1  Current Return On Assets  Negative  Focus 
2  Change in Return on Assets  Decreased  Focus 
3  Cash Flow Return on Assets  Positive  Focus 
4  Current Quality of Earnings (accrual)  Improving  Focus 
5  Asset Turnover Growth  Increase  Focus 
6  Current Ratio Change  Increase  Focus 
7  Long Term Debt Over Assets Change  Higher Leverage  Focus 
8  Change In Outstending Shares  Decrease  Focus 
9  Change in Gross Margin  Increase  Focus 
Comtech Telecommunicatio Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Comtech Telecommunicatio is to make sure Comtech is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Comtech Telecommunicatio'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 Comtech Telecommunicatio's financial numbers are properly reported.
Current Value  Last Year  Change From Last Year  10 Year Trend  

Weighted Average Shares Diluted  29.3 M  30.5 M 

 
Weighted Average Shares  28.4 M  30.5 M 

 
Return on Average Assets  (0.0406)  (0.0396) 

 
Net Cash Flow from Operations  1.8 M  1.8 M 

 
Current Liabilities  205.4 M  222.5 M 

 
Total Liabilities  427.2 M  462.9 M 

 
Gross Margin  0.34  0.33 

 
Total Debt  171.1 M  164.8 M 

 
Asset Turnover  0.65  0.57 

 
Current Assets  259.9 M  237 M 

 
Total Assets  1 B  1.1 B 


Comtech Telecommunicatio 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 Comtech Telecommunicatio's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Comtech Telecommunicatio in a muchoptimized way.
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About Comtech Telecommunicatio Piotroski F Score
FScore 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 FScore binary model can help to predict the performance of low pricetobook stocks.Book Value per Share 

Comtech Telecommunicatio Current Valuation Drivers
We derive many important indicators used in calculating different scores of Comtech Telecommunicatio from analyzing Comtech Telecommunicatio's financial statements. These drivers represent accounts that assess Comtech Telecommunicatio's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Comtech Telecommunicatio's important valuation drivers and their relationship over time.
2018  2019  2020  2021  2022  2023 (projected)  
Net Income Per Employee  12.44 K  3.44 K  (36.05 K)  (16.58 K)  (19.07 K)  (19.57 K)  
Revenue Per Employee  333.73 K  302.38 K  285.42 K  243.97 K  280.57 K  338.05 K  
Average Assets  875.37 M  940.59 M  964.2 M  983.94 M  1.13 B  1.05 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  50.08 M  25.93 M  (58.78 M)  (21.73 M)  (19.56 M)  (20.07 M)  
Earnings Before Interest Taxes and Depreciation Amortization USD  50.08 M  25.93 M  (58.78 M)  (21.73 M)  (19.56 M)  (20.07 M)  
Earnings before Tax  28.91 M  9.31 M  (74.98 M)  (37.08 M)  (33.37 M)  (34.25 M)  
Average Equity  519.75 M  545.99 M  478.94 M  471.2 M  541.88 M  552.08 M  
Enterprise Value  848.16 M  549.21 M  877.04 M  458.16 M  526.88 M  600.51 M  
Free Cash Flow  59.25 M  45.54 M  (56.67 M)  (17.62 M)  (15.86 M)  (16.28 M)  
Invested Capital  290.17 M  315.38 M  391.7 M  347.3 M  399.39 M  359.33 M  
Invested Capital Average  313.82 M  338.7 M  398.13 M  323.05 M  371.51 M  353.6 M  
Market Capitalization  718.34 M  406.1 M  650.94 M  308.24 M  354.48 M  473.67 M  
Tangible Asset Value  315.33 M  341.11 M  376.71 M  379.3 M  341.37 M  334.19 M  
Working Capital  134.97 M  117.39 M  83.94 M  69.87 M  62.89 M  64.54 M 
About Comtech Telecommunicatio Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Comtech Telecommunications Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Comtech Telecommunicatio using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Comtech Telecommunications Corp 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.Comtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. Comtech Telecommunications Corp. was founded in 1967 and is headquartered in Melville, New York. Comtech Telecom operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 1993 people.
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Our tools can tell you how much better you can do entering a position in Comtech Telecommunicatio 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 riskadjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Price Exposure ProbabilityAnalyze equity upside and downside potential for a given time horizon across multiple markets 
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Pair Trading with Comtech Telecommunicatio
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 Comtech Telecommunicatio 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 Comtech Telecommunicatio will appreciate offsetting losses from the drop in the long position's value.Moving together with Comtech Telecommunicatio
+  0.72  FKWL  Franklin Wireless Corp  Fiscal Quarter End 31st of March 2023  PairCorr 
The ability to find closely correlated positions to Comtech Telecommunicatio could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Comtech Telecommunicatio 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 Comtech Telecommunicatio  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 Comtech Telecommunications Corp to buy it.
The correlation of Comtech Telecommunicatio 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 Comtech Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comtech Telecommunicatio 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 Comtech Telecommunicatio can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.Check out Comtech Telecommunicatio Altman Z Score, Comtech Telecommunicatio Correlation, Comtech Telecommunicatio Valuation, as well as analyze Comtech Telecommunicatio Alpha and Beta and Comtech Telecommunicatio Hype Analysis. For more information on how to buy Comtech Stock please use our How to buy in Comtech Stock guide. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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Is Comtech Telecommunicatio'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 Comtech Telecommunicatio. If investors know Comtech 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 Comtech Telecommunicatio 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 5.87  Dividend Share 0.4  Earnings Share (1.01)  Revenue Per Share 18.877  Quarterly Revenue Growth 0.111 
The market value of Comtech Telecommunicatio is measured differently than its book value, which is the value of Comtech that is recorded on the company's balance sheet. Investors also form their own opinion of Comtech Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is Comtech Telecommunicatio'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 Comtech Telecommunicatio's market value can be influenced by many factors that don't directly affect Comtech Telecommunicatio'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 Comtech Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine Comtech Telecommunicatio value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comtech Telecommunicatio'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.