First Piotroski F Score

INBK -  USA Stock  

USD 35.25  0.53  1.48%

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

First Piotroski F Score 

 
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First Internet Long Term Debt is increasing as compared to previous years. The last year's value of Long Term Debt was reported at 79.6 Million. The current Total Debt is estimated to increase to about 641.5 M, while Issuance Repayment of Debt Securities is projected to decrease to (11.8 M). First Internet Cash and Equivalents Turnover is decreasing as compared to previous years. The last year's value of Cash and Equivalents Turnover was reported at 0.46. The current Cash Flow Per Share is estimated to increase to 1.44, while Earnings per Basic Share are projected to decrease to 2.71.
At this time, it appears that First Internet'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
Positive
2
Change in Return on Assets
Decreased
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

First Internet Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to First Internet is to make sure First is not a subject of accounting manipulations and runs a healthy internal audit department. So, if First Internet'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 First Internet's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares8.5 M9.8 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted8.5 M9.8 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations11 M13.1 M
Fairly Down
Increasing
Very volatile
Total Assets3.4 B4.2 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities4.2 B3.9 B
Significantly Up
Increasing
Slightly volatile
Total Debt641.5 M594.5 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.00650.007
Significantly Down
Increasing
Very volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.02310.021
Significantly Up
Decreasing
Slightly volatile

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

About First Internet 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

32.85Share
First Internet Book Value per Share is increasing as compared to previous years. The last year's value of Book Value per Share was reported at 33.63

First Internet Current Valuation Drivers

We derive many important indicators used in calculating different scores of First Internet from analyzing First Internet's financial statements. These drivers represent accounts that assess First Internet's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of First Internet's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Net Income Per Employee62.71 K73.91 K108.95 K109.26 K114.29 K90.61 K
Revenue Per Employee379.05 K462.32 K618.04 K710.84 K672.07 K545 K
Average Assets1.73 B2.46 B3.18 B3.96 B4.27 B3.38 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA21.78 M28.23 M29.62 M34.08 M41.73 M33.03 M
Earnings Before Interest Taxes and Depreciation Amortization USD21.78 M28.23 M29.62 M34.08 M41.73 M33.03 M
Earnings before Tax17.98 M22.93 M23.95 M27.16 M33.9 M26.82 M
Average Equity133.65 M191.58 M270.85 M297.55 M315.47 M257.79 M
Enterprise Value293.75 M597.05 M581.32 M398.94 M377.89 M376.67 M
Free Cash Flow23.3 M23.11 M27.14 M(47.68 M)(12.49 M)(12.82 M)
Invested Capital2.04 B3.16 B3.91 B4.35 B4.42 B3.53 B
Invested Capital Average1.84 B2.79 B3.53 B4.22 B4.41 B3.53 B
Market Capitalization177.06 M320.88 M208.11 M230.98 M281.67 M246.37 M
Tangible Asset Value1.85 B2.76 B3.54 B4.1 B4.24 B3.35 B

About First Internet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze First Internet Bcp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Internet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Internet Bcp 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.
First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. First Internet Bancorp was founded in 1999 and is based in Fishers, Indiana. First Internet operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 255 people.

First Internet Investors Sentiment

The influence of First Internet'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 First. 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 - INBK

First Internet Bcp Investor Sentiment

Most of Macroaxis users are currently bullish on First Internet Bcp. What is your opinion about investing in First Internet Bcp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please see First Internet Altman Z Score, First Internet Correlation, First Internet Valuation, as well as analyze First Internet Alpha and Beta and First Internet Hype Analysis. Note that the First Internet Bcp information on this page should be used as a complementary analysis to other First Internet'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running First Internet Bcp price analysis, check to measure First Internet'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 First Internet is operating at the current time. Most of First Internet's value examination focuses on studying past and present price action to predict the probability of First Internet's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move First Internet's price. Additionally, you may evaluate how the addition of First Internet to your portfolios can decrease your overall portfolio volatility.
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Is First Internet'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 First Internet. If investors know First 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 First Internet 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 First Internet Bcp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Internet's value that differs from its market value or its book value, called intrinsic value, which is First Internet'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 First Internet's market value can be influenced by many factors that don't directly affect First Internet'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 First Internet's value and its price as these two are different measures arrived at by different means. Investors typically determine First Internet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Internet'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.