CommScope Piotroski F Score

COMM
 Stock
  

USD 8.01  0.15  1.91%   

This module uses fundamental data of CommScope Holding to approximate its Piotroski F score. CommScope Holding F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of CommScope Holding Co. 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 CommScope Holding financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to CommScope Holding Altman Z Score, CommScope Holding Correlation, CommScope Holding Valuation, as well as analyze CommScope Holding Alpha and Beta and CommScope Holding Hype Analysis.
  
CommScope Holding Long Term Debt to Equity is relatively stable at the moment as compared to the past year. The company's current value of Long Term Debt to Equity is estimated at 11.37. Debt to Equity Ratio is expected to hike to 11.41 this year, although the value of Total Debt will most likely fall to nearly 8 B. CommScope Holding Inventory Turnover is relatively stable at the moment as compared to the past year. The company's current value of Inventory Turnover is estimated at 6.12. Accounts Payable Turnover is expected to hike to 11.62 this year, although the value of Operating Margin will most likely fall to 0.46.
At this time, it appears that CommScope Holding'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 ChangeLower LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

CommScope Holding Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to CommScope Holding is to make sure CommScope is not a subject of accounting manipulations and runs a healthy internal audit department. So, if CommScope Holding'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 CommScope Holding's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted179.4 M203.6 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares178.7 M203.6 M
Fairly Down
Increasing
Slightly volatile
Return on Average Assets(3.54)(3.4476)
Fairly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations125.5 M122.3 M
Fairly Up
Increasing
Slightly volatile
Current Liabilities2.4 B2.2 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities13.3 B12.4 B
Significantly Up
Increasing
Slightly volatile
Gross Margin30.1731.2611
Sufficiently Down
Increasing
Stable
Total DebtB9.5 B
Fairly Down
Increasing
Slightly volatile
Asset Turnover0.730.6399
Fairly Up
Decreasing
Very volatile
Current Assets3.9 B3.6 B
Significantly Up
Increasing
Slightly volatile
Total Assets14.3 B13.3 B
Significantly Up
Increasing
Slightly volatile

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

About CommScope Holding 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

(0.79)

CommScope Holding Book Value per Share is relatively stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at -0.79

CommScope Holding Current Valuation Drivers

We derive many important indicators used in calculating different scores of CommScope Holding from analyzing CommScope Holding's financial statements. These drivers represent accounts that assess CommScope Holding's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CommScope Holding's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee9.69 K7.01 K(30.98 K)(19.06 K)(15.42 K)(15.83 K)
Revenue Per Employee228.03 K228.43 K278.17 K280.43 K286.22 K255.51 K
Average Assets7.12 B6.9 B13.98 B13.82 B13.33 B11.89 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA815.26 M745.88 M222 M707.7 M774.5 M625.77 M
Earnings Before Interest Taxes and Depreciation Amortization USD844.8 M770.2 M274.1 M746.6 M813 M784.72 M
Earnings before Tax209.8 M170.7 M(1.07 B)(654.5 M)(534.5 M)(548.57 M)
Average Equity1.53 B1.74 B1.3 B370.57 M9.18 M9.42 M
Enterprise Value11.35 B6.78 B12.28 B11.7 B11.36 B11.58 B
Free Cash Flow523 M424.7 M493.9 M320 M4 M4.11 M
Invested Capital5.71 B5.26 B11.89 B11.69 B11.97 B10.15 B
Invested Capital Average5.9 B5.54 B12.53 B11.78 B11.87 B10.36 B
Market Capitalization7.22 B3.15 B2.76 B2.66 B2.26 B2.96 B
Tangible Asset Value2.52 B2.43 B4.7 B4.64 B5 B4.33 B
Working Capital1.22 B1.19 B1.47 B1.4 B1.4 B1.42 B

CommScope Holding ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, CommScope Holding's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to CommScope Holding's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About CommScope Holding Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CommScope Holding Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CommScope Holding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CommScope Holding Co 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.
CommScope Holding Company, Inc. provides infrastructure solutions for communications and entertainment networks. CommScope Holding Company, Inc. was founded in 1976 and is headquartered in Hickory, North Carolina. Commscope Holding operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 30000 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in CommScope Holding 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 CommScope Holding

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 CommScope Holding 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 CommScope Holding will appreciate offsetting losses from the drop in the long position's value.

Moving against CommScope Holding

-0.59NVDANVIDIA Aggressive PushPairCorr
-0.52HPEHewlett Packard Ente Aggressive PushPairCorr
The ability to find closely correlated positions to CommScope Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CommScope Holding 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 CommScope Holding - 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 CommScope Holding Co to buy it.
The correlation of CommScope Holding 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 CommScope Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CommScope Holding 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 CommScope Holding 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
Continue to CommScope Holding Altman Z Score, CommScope Holding Correlation, CommScope Holding Valuation, as well as analyze CommScope Holding Alpha and Beta and CommScope Holding Hype Analysis. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running CommScope Holding price analysis, check to measure CommScope Holding'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 CommScope Holding is operating at the current time. Most of CommScope Holding's value examination focuses on studying past and present price action to predict the probability of CommScope Holding's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CommScope Holding's price. Additionally, you may evaluate how the addition of CommScope Holding to your portfolios can decrease your overall portfolio volatility.
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Is CommScope Holding'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 CommScope Holding. If investors know CommScope 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 CommScope Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
1.7 B
Quarterly Revenue Growth YOY
0.131
Return On Assets
0.0195
Return On Equity
(0.35) 
The market value of CommScope Holding is measured differently than its book value, which is the value of CommScope that is recorded on the company's balance sheet. Investors also form their own opinion of CommScope Holding's value that differs from its market value or its book value, called intrinsic value, which is CommScope Holding'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 CommScope Holding's market value can be influenced by many factors that don't directly affect CommScope Holding'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 CommScope Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine CommScope Holding value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CommScope Holding'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.