Enterprise Piotroski F Score

This module uses fundamental data of Enterprise Bancorp to approximate its Piotroski F score. Enterprise Bancorp F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Enterprise Bancorp. 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 Enterprise Bancorp financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Investing Opportunities.

Enterprise Piotroski F Score 

 
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The current year Long Term Debt is expected to grow to about 79.6 M, whereas Total Debt is forecasted to decline to about 89.2 M. Enterprise Bancorp Calculated Tax Rate is projected to drop based on the last few years of reporting. The past year's Calculated Tax Rate was at 24.44. The current year Accrued Expenses Turnover is expected to grow to 138.10, whereas PPandE Turnover is forecasted to decline to 3.23.
At this time, it appears that Enterprise Bancorp'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 Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
Increase
6
Current Ratio Change
N/A
7
Long Term Debt Over Assets Change
Lower Leverage
8
Change In Outstending Shares
Increase
9
Change in Gross Margin
No Change

Enterprise Bancorp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Enterprise Bancorp is to make sure Enterprise is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Enterprise Bancorp'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 Enterprise Bancorp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares12.4 M11.9 M
Sufficiently Up
Increasing
Slightly volatile
Weighted Average Shares Diluted12.4 M11.9 M
Sufficiently Up
Increasing
Slightly volatile
Net Cash Flow from Operations37.7 M40.3 M
Significantly Down
Increasing
Slightly volatile
Total Assets3.5 BB
Fairly Down
Increasing
Slightly volatile
Total Liabilities3.2 B3.7 B
Fairly Down
Increasing
Slightly volatile
Total Debt89.2 M96.1 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets0.00890.008
Moderately Up
Increasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.0360.035
Fairly Up
Decreasing
Slightly volatile

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

About Enterprise Bancorp 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

25.57Share
Enterprise Bancorp Book Value per Share is projected to increase significantly based on the last few years of reporting. The past year's Book Value per Share was at 28.11

Enterprise Bancorp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Enterprise Bancorp from analyzing Enterprise Bancorp's financial statements. These drivers represent accounts that assess Enterprise Bancorp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Enterprise Bancorp's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Net Income Per Employee39.96 K40.23 K56.85 K63.57 K59.53 K49.1 K
Revenue Per Employee227.49 K250.43 K265.54 K285.18 K306.73 K263.8 K
Average Assets2.43 B2.69 B2.91 B3.15 B3.87 B3.38 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA33.99 M42.65 M44.53 M50.72 M48.41 M44.76 M
Earnings Before Interest Taxes and Depreciation Amortization USD33.99 M42.65 M44.53 M50.72 M48.41 M44.76 M
Earnings before Tax27.91 M35.62 M37.7 M44.58 M41.63 M37.96 M
Average Equity207.35 M227.8 M241.62 M283.5 M320.38 M281.04 M
Enterprise Value383.37 M508.31 M326.5 M355.11 M89.45 M91.81 M
Free Cash Flow19.41 M29.72 M36.5 M31.12 M33.66 M30.41 M
Invested Capital2.5 B2.86 B3.01 B3.29 B3.85 B3.4 B
Invested Capital Average2.37 B2.73 B2.86 B3.09 B3.73 B3.27 B
Market Capitalization430.03 M394.9 M376.27 M400.22 M304.72 M319.9 M
Tangible Asset Value2.52 B2.81 B2.96 B3.23 B4.01 B3.49 B

Enterprise Bancorp Investors Sentiment

The influence of Enterprise Bancorp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Enterprise. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - EBTC

Enterprise Bancorp Investor Sentiment

Most of Macroaxis users are currently bullish on Enterprise Bancorp. What is your opinion about investing in Enterprise Bancorp? Are you bullish or bearish?
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50% Bullish
50% Bearish
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Pair Trading with Enterprise Bancorp

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 Enterprise Bancorp 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 Enterprise Bancorp will appreciate offsetting losses from the drop in the long position's value.

Enterprise Bancorp Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Masco Corp and Bluelinx Holdings. 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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Check out Investing Opportunities. Note that the Enterprise Bancorp information on this page should be used as a complementary analysis to other Enterprise Bancorp'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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Other Tools for Enterprise Stock

When running Enterprise Bancorp price analysis, check to measure Enterprise Bancorp'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 Enterprise Bancorp is operating at the current time. Most of Enterprise Bancorp's value examination focuses on studying past and present price action to predict the probability of Enterprise Bancorp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Enterprise Bancorp's price. Additionally, you may evaluate how the addition of Enterprise Bancorp to your portfolios can decrease your overall portfolio volatility.
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