Fifth Piotroski F Score

FITB -  USA Stock  

USD 36.38  0.06  0.17%

This module uses fundamental data of Fifth Third to approximate its Piotroski F score. Fifth Third F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Fifth Third 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 Fifth Third financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Fifth Third Altman Z Score, Fifth Third Correlation, Fifth Third Valuation, as well as analyze Fifth Third Alpha and Beta and Fifth Third Hype Analysis.

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Fifth Third Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 16.46 Billion. The current year Debt to Equity Ratio is expected to grow to 8.59, whereas Long Term Debt is forecasted to decline to about 13.1 B. Fifth Third Calculated Tax Rate is projected to drop slightly based on the last few years of reporting. The past year's Calculated Tax Rate was at 20.59. The current year Accrued Expenses Turnover is expected to grow to 4.46, whereas PPandE Turnover is forecasted to decline to 3.59.
At this time, it appears that Fifth Third'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..
5.0
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)
Decreasing
5
Asset Turnover Growth
Increase
6
Current Ratio Change
N/A
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
No Change

Fifth Third Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Fifth Third is to make sure Fifth is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Fifth Third'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 Fifth Third's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares708.7 M714.7 M
Slightly Down
Decreasing
Slightly volatile
Weighted Average Shares Diluted718.3 M719.7 M
Slightly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations380.8 M371 M
Fairly Up
Decreasing
Slightly volatile
Total Assets190.1 B204.7 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities168.4 B181.6 B
Significantly Down
Increasing
Slightly volatile
Total Debt17.7 B16.5 B
Notably Up
Increasing
Slightly volatile
Return on Average Assets0.01030.007
Way Up
Increasing
Stable
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.03650.033
Significantly Up
Decreasing
Slightly volatile

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

About Fifth Third 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

29.28Share
Fifth Third 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 32.34

Fifth Third Current Valuation Drivers

We derive many important indicators used in calculating different scores of Fifth Third from analyzing Fifth Third's financial statements. These drivers represent accounts that assess Fifth Third's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Fifth Third's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Net Income Per Employee87.41 K121.05 K125.77 K126.43 K71.61 K74.96 K
Revenue Per Employee385.01 K425.55 K457.25 K492.73 K421.65 K386.2 K
Average Assets142.88 B141.4 B142.49 B169.28 B198.74 B185.59 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.67 B3.32 B3.12 B3.67 B2.29 B2.78 B
Earnings Before Interest Taxes and Depreciation Amortization USD2.67 B3.32 B3.12 B3.67 B2.29 B2.78 B
Average Equity16.51 B16.35 B16.12 B20.68 B22.57 B21.24 B
Enterprise Value38.72 B39.05 B31.22 B37.95 B33.22 B35.65 B
Free Cash Flow1.86 B1.29 B2.78 B1.61 B46 M47.21 M
Invested Capital154.67 B155.33 B156.86 B176.89 B212.94 B199.74 B
Invested Capital Average156.94 B154.27 B153.77 B178.75 B208.83 B196.58 B
Market Capitalization20.38 B21.41 B15.43 B21.82 B19.64 B20.18 B
Tangible Asset Value139.01 B138.75 B142.61 B163.92 B199.63 B185.3 B

About Fifth Third Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fifth Third Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fifth Third using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fifth Third Bancorp 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.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. Fifth Thirds common stock is traded on the NASDAQ Global Select Market under the symbol FITB. Fifth Third operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 19819 people.

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Please check Fifth Third Altman Z Score, Fifth Third Correlation, Fifth Third Valuation, as well as analyze Fifth Third Alpha and Beta and Fifth Third Hype Analysis. Note that the Fifth Third Bancorp information on this page should be used as a complementary analysis to other Fifth Third'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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The market value of Fifth Third Bancorp is measured differently than its book value, which is the value of Fifth that is recorded on the company's balance sheet. Investors also form their own opinion of Fifth Third's value that differs from its market value or its book value, called intrinsic value, which is Fifth Third'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 Fifth Third's market value can be influenced by many factors that don't directly affect Fifth Third Bancorp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fifth Third's value and its price as these two are different measures arrived at by different means. Investors typically determine Fifth Third value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fifth Third'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.