Ellington Residential Mortgage Stock Piotroski F Score

EARN Stock  USD 6.96  0.08  1.14%   
This module uses fundamental data of Ellington Residential to approximate its Piotroski F score. Ellington Residential F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Ellington Residential Mortgage. 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 Ellington Residential financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Ellington Residential Altman Z Score, Ellington Residential Correlation, Ellington Residential Valuation, as well as analyze Ellington Residential Alpha and Beta and Ellington Residential Hype Analysis.
  
At this time, Ellington Residential's Debt To Assets are very stable compared to the past year. As of the 19th of June 2024, Total Debt To Capitalization is likely to grow to 0.96, while Net Debt is likely to drop about 408 M. At this time, Ellington Residential's ROIC is very stable compared to the past year. As of the 19th of June 2024, Net Income Per Share is likely to grow to 0.37, while Dividend Yield is likely to drop 0.10.
At this time, it appears that Ellington Residential's Piotroski F Score is Poor. 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..
4.0
Piotroski F Score - Poor
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

Ellington Residential Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Ellington Residential is to make sure Ellington is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Ellington Residential'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 Ellington Residential's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.930.8613
Significantly Up
Pretty Stable
Total Current Liabilities766 M729.5 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total75.9 M79.9 M
Notably Down
Pretty Stable
Total Assets1.5 B945.7 M
Way Up
Slightly volatile
Total Current Assets40.9 M43.1 M
Notably Down
Slightly volatile

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

About Ellington Residential 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

15.95

At this time, Ellington Residential's Book Value Per Share is very stable compared to the past year.

Ellington Residential Current Valuation Drivers

We derive many important indicators used in calculating different scores of Ellington Residential from analyzing Ellington Residential's financial statements. These drivers represent accounts that assess Ellington Residential's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ellington Residential's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap135.2M161.1M131.8M90.3M91.2M136.2M
Enterprise Value1.4B1.1B1.1B897.9M782.2M424.0M

Ellington Residential 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, Ellington Residential's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ellington Residential's managers, analysts, and investors.
Environmental
Governance
Social

About Ellington Residential Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ellington Residential Mortgage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ellington Residential using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ellington Residential Mortgage 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.

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Additional Information and Resources on Investing in Ellington Stock

When determining whether Ellington Residential offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Residential's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Residential Mortgage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Residential Mortgage Stock:
Check out Ellington Residential Altman Z Score, Ellington Residential Correlation, Ellington Residential Valuation, as well as analyze Ellington Residential Alpha and Beta and Ellington Residential Hype Analysis.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Mortgage Real Estate Investment Trusts (REITs) space 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 Ellington Residential. If investors know Ellington 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 Ellington Residential 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
0.185
Dividend Share
0.96
Earnings Share
0.34
Revenue Per Share
1.532
Quarterly Revenue Growth
(0.83)
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential'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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential'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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential'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.