Comtech Piotroski F Score

Stocks . USA . 
Stock . Comtech Telecommunications Corp
CMTL Stock  USD 12.19  0.33  2.64%   
This module uses fundamental data of Comtech Telecommunicatio to approximate its Piotroski F score. Comtech Telecommunicatio F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Comtech Telecommunications Corp. 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 Comtech Telecommunicatio financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. 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.
  
Comtech Telecommunicatio Total Debt is quite stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 171.06 Million. Debt Current is expected to rise to about 8 M this year, although the value of Issuance Repayment of Debt Securities will most likely fall to (84 M). Comtech Telecommunicatio Inventory Turnover is quite stable at the moment as compared to the past year. The company's current value of Inventory Turnover is estimated at 3.43. Accounts Payable Turnover is expected to rise to 13.04 this year, although the value of Return on Investment will most likely fall to (5.67) .
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 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
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
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 MarginIncreaseFocus

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 ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted29.3 M30.5 M
Sufficiently Down
Up
Slightly volatile
Weighted Average Shares28.4 M30.5 M
Significantly Down
Up
Slightly volatile
Return on Average Assets(0.0406)(0.0396)
Fairly Down
Down
Slightly volatile
Net Cash Flow from Operations1.8 M1.8 M
Fairly Up
Down
Slightly volatile
Current Liabilities205.4 M222.5 M
Significantly Down
Up
Slightly volatile
Total Liabilities427.2 M462.9 M
Significantly Down
Up
Slightly volatile
Gross Margin0.340.33
Fairly Up
Down
Slightly volatile
Total Debt171.1 M164.8 M
Sufficiently Up
Down
Slightly volatile
Asset Turnover0.650.57
Fairly Up
Up
Slightly volatile
Current Assets259.9 M237 M
Significantly Up
Down
Slightly volatile
Total Assets1 B1.1 B
Notably Down
Up
Slightly volatile

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 much-optimized way.
Click cells to compare fundamentals

About Comtech Telecommunicatio 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

17.75

Comtech Telecommunicatio Book Value per Share is quite stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 17.75

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.
201820192020202120222023 (projected)
Net Income Per Employee12.44 K3.44 K(36.05 K)(16.58 K)(19.07 K)(19.57 K)
Revenue Per Employee333.73 K302.38 K285.42 K243.97 K280.57 K338.05 K
Average Assets875.37 M940.59 M964.2 M983.94 M1.13 B1.05 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA50.08 M25.93 M(58.78 M)(21.73 M)(19.56 M)(20.07 M)
Earnings Before Interest Taxes and Depreciation Amortization USD50.08 M25.93 M(58.78 M)(21.73 M)(19.56 M)(20.07 M)
Earnings before Tax28.91 M9.31 M(74.98 M)(37.08 M)(33.37 M)(34.25 M)
Average Equity519.75 M545.99 M478.94 M471.2 M541.88 M552.08 M
Enterprise Value848.16 M549.21 M877.04 M458.16 M526.88 M600.51 M
Free Cash Flow59.25 M45.54 M(56.67 M)(17.62 M)(15.86 M)(16.28 M)
Invested Capital290.17 M315.38 M391.7 M347.3 M399.39 M359.33 M
Invested Capital Average313.82 M338.7 M398.13 M323.05 M371.51 M353.6 M
Market Capitalization718.34 M406.1 M650.94 M308.24 M354.48 M473.67 M
Tangible Asset Value315.33 M341.11 M376.71 M379.3 M341.37 M334.19 M
Working Capital134.97 M117.39 M83.94 M69.87 M62.89 M64.54 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.

Be your own money manager

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 risk-adjusted returns of your individual positions relative to your overall portfolio.

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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

+0.72FKWLFranklin 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 tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough 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 risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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.
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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.


 
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