Ideanomics Stock Piotroski F Score
| IDEX Stock | USD 1.81 0.02 1.12% |
Ideanomics | Piotroski F Score |
At this time, it appears that Ideanomics' 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 | Focus |
2 | Change in Return on Assets | Decreased | Focus |
3 | Cash Flow Return on Assets | Negative | Focus |
4 | Current Quality of Earnings (accrual) | Improving | Focus |
5 | Asset Turnover Growth | Increase | Focus |
6 | Current Ratio Change | Increase | Focus |
7 | Long Term Debt Over Assets Change | Lower Leverage | Focus |
8 | Change In Outstending Shares | Increase | Focus |
9 | Change in Gross Margin | No Change | Focus |
Ideanomics Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Ideanomics is to make sure Ideanomics is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Ideanomics' 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 Ideanomics' financial numbers are properly reported.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Weighted Average Shares Diluted | 4.4 M | 4.1 M |
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| Weighted Average Shares | 4.4 M | 4.1 M |
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| Current Liabilities | 82.9 M | 76.9 M |
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| Total Liabilities | 103.8 M | 96.2 M |
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| Gross Margin | (0.0086) | (0.008) |
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| Total Debt | 20.9 M | 24.3 M |
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| Asset Turnover | 0.27 | 0.261 |
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| Current Assets | 103.1 M | 114 M |
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| Total Assets | 200 M | 242.8 M |
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Ideanomics 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 Ideanomics' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Ideanomics in a much-optimized way.
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About Ideanomics 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 |
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Ideanomics Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ideanomics from analyzing Ideanomics' financial statements. These drivers represent accounts that assess Ideanomics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ideanomics' important valuation drivers and their relationship over time.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Net Income Per Employee | (548.5K) | (1.6M) | (890.4K) | (458.0K) | (461.4K) | (497.8K) | |
| Revenue Per Employee | 7.6M | 742.8K | 242.6K | 204.1K | 178.6K | 183.3K | |
| Average Assets | 138.9M | 146.8M | 158.8M | 584.3M | 387.1M | 417.7M | |
| Earnings Before Interest Taxes and Depreciation Amortization EBITDA | (26.3M) | (89.4M) | (93.7M) | (258.7M) | (274.9M) | (282.2M) | |
| Earnings Before Interest Taxes and Depreciation Amortization USD | (26.3M) | (89.4M) | (93.7M) | (258.7M) | (274.9M) | (282.2M) | |
| Earnings before Tax | (27.5M) | (97.3M) | (115.1M) | (268.5M) | (289.8M) | (297.5M) | |
| Average Equity | 38.2M | 77.9M | 88.2M | 460.9M | 257.4M | 277.7M | |
| Enterprise Value | 120.2M | 140.0M | 468.1M | 349.5M | 98.8M | 139.0M | |
| Free Cash Flow | (26.9M) | (15.6M) | (41.7M) | (78.3M) | (136.9M) | (140.5M) | |
| Invested Capital | 72.9M | 33.4M | 25.3M | 124.6M | 105.6M | 114.0M | |
| Invested Capital Average | 42.2M | 57.8M | 37.6M | 85.7M | 143.2M | 154.5M | |
| Market Capitalization | 122.4M | 114.6M | 475.6M | 597.2M | 92.4M | 94.9M | |
| Tangible Asset Value | 90.5M | 50.8M | 203.5M | 414.7M | 161.4M | 140.5M | |
| Working Capital | 15.1M | (29.3M) | 166.7M | 271.4M | 37.2M | 44.8M |
About Ideanomics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ideanomics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ideanomics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ideanomics 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.Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia and the United States. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York. Ideanomics operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 559 people.
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Check out Ideanomics Altman Z Score, Ideanomics Correlation, Ideanomics Valuation, as well as analyze Ideanomics Alpha and Beta and Ideanomics Hype Analysis. For more information on how to buy Ideanomics Stock please use our How to Invest in Ideanomics guide.Note that the Ideanomics information on this page should be used as a complementary analysis to other Ideanomics' 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 the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Ideanomics Stock analysis
When running Ideanomics' price analysis, check to measure Ideanomics' 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 Ideanomics is operating at the current time. Most of Ideanomics' value examination focuses on studying past and present price action to predict the probability of Ideanomics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ideanomics' price. Additionally, you may evaluate how the addition of Ideanomics to your portfolios can decrease your overall portfolio volatility.
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Is Ideanomics' 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 Ideanomics. If investors know Ideanomics 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 Ideanomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (55.95) | Revenue Per Share 11.571 | Quarterly Revenue Growth (0.92) | Return On Assets (0.35) | Return On Equity (2.34) |
The market value of Ideanomics is measured differently than its book value, which is the value of Ideanomics that is recorded on the company's balance sheet. Investors also form their own opinion of Ideanomics' value that differs from its market value or its book value, called intrinsic value, which is Ideanomics' 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 Ideanomics' market value can be influenced by many factors that don't directly affect Ideanomics' 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 Ideanomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ideanomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ideanomics' 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.