Heska Piotroski F Score

HSKA -  USA Stock  

USD 175.71  12.41  7.60%

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

Heska Piotroski F Score 

 
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Heska Corp Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 54.96 Million. The current year Debt Non Current is expected to grow to about 57 M, whereas Debt Current is forecasted to decline to about 1.9 M. Heska Corp Interest Coverage is projected to decrease significantly based on the last few years of reporting. The past year's Interest Coverage was at 0.12. The current year Long Term Debt to Equity is expected to grow to 0.18, whereas Calculated Tax Rate is forecasted to decline to (65.57) .
At this time, it appears that Heska Corp'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
1
Current Return On Assets
Negative
2
Change in Return on Assets
Decreased
3
Cash Flow Return on Assets
Negative
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
Increase
6
Current Ratio Change
Decrease
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
Increase

Heska Corp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Heska Corp is to make sure Heska is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Heska Corp'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 Heska Corp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares8.3 M8.7 M
Sufficiently Down
Increasing
Slightly volatile
Weighted Average Shares Diluted8.5 M8.7 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations(673.3 K)(656 K)
Fairly Down
Increasing
Very volatile
Total Assets431.4 M399.8 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities121.7 M112.8 M
Significantly Up
Increasing
Slightly volatile
Current Assets184.8 M171.3 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities34.5 M42.1 M
Significantly Down
Increasing
Slightly volatile
Total Debt59.3 M55 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets(0.039)(0.038)
Fairly Down
Decreasing
Slightly volatile
Gross Margin0.460.412
Moderately Up
Increasing
Slightly volatile
Asset Turnover0.660.522
Significantly Up
Decreasing
Slightly volatile

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

About Heska Corp 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

35.79Share
Heska Corp 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 33.17

Heska Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Heska Corp from analyzing Heska Corp's financial statements. These drivers represent accounts that assess Heska Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Heska Corp's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Net Income Per Employee32.05 K28.85 K16.86 K(3.79 K)(23.85 K)(24.48 K)
Revenue Per Employee396.72 K374.9 K367.28 K317.77 K326.88 K303.68 K
Average Assets121.22 M132.77 M144.08 M198.51 M377.9 M407.73 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA19.52 M23.47 M8.32 M4.92 M2.83 M2.9 M
Earnings Before Interest Taxes and Depreciation Amortization USD19.52 M23.47 M8.32 M4.92 M2.83 M2.9 M
Earnings before Tax14.85 M18.87 M3.73 M(2.91 M)(14.16 M)(14.53 M)
Average Equity65.17 M97.69 M112.26 M138.06 M275.65 M297.42 M
Enterprise Value486.78 M579.91 M650.22 M720.66 M1.35 B1.46 B
Free Cash Flow2.44 M7 M9.2 M2.25 M(1.33 M)(1.37 M)
Invested Capital59.39 M83.76 M92.26 M128.15 M182.08 M196.45 M
Invested Capital Average66.29 M76.59 M85.66 M124.15 M172.91 M186.57 M
Market Capitalization493.9 M581.02 M653.43 M751.05 M1.38 B1.49 B
Tangible Asset Value101.85 M106.8 M120.01 M196.75 M255.57 M275.75 M
Working Capital22.86 M43.41 M42.04 M107.67 M129.16 M139.36 M

About Heska Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Heska Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Heska Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Heska 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.
Heska Corporation manufactures, sells, and markets veterinary diagnostic and specialty products for canine and feline healthcare markets in the United States, Canada, Mexico, Australia, France, Germany, Italy, Malaysia, Spain, and Switzerland. Heska Corporation was founded in 1988 and is based in Loveland, Colorado. Heska Corp operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 602 people.

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Please check Heska Corp Altman Z Score, Heska Corp Correlation, Heska Corp Valuation, as well as analyze Heska Corp Alpha and Beta and Heska Corp Hype Analysis. Note that the Heska Corp information on this page should be used as a complementary analysis to other Heska Corp'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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Is Heska Corp'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 Heska Corp. If investors know Heska 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 Heska Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Heska Corp is measured differently than its book value, which is the value of Heska that is recorded on the company's balance sheet. Investors also form their own opinion of Heska Corp's value that differs from its market value or its book value, called intrinsic value, which is Heska Corp'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 Heska Corp's market value can be influenced by many factors that don't directly affect Heska Corp'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 Heska Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Heska Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heska Corp'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.