Incyte Piotroski F Score

INCY -  USA Stock  

USD 64.58  1.07  1.63%

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

Incyte Piotroski F Score 

 
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Incyte Corp Total Debt is fairly stable at the moment as compared to the past year. Incyte Corp reported Total Debt of 34.86 Million in 2020. Debt Current is likely to rise to about 2.3 M in 2021, whereas Issuance Repayment of Debt Securities is likely to drop (858 K) in 2021. Incyte Corp Debt to Equity Ratio is fairly stable at the moment as compared to the past year. Incyte Corp reported Debt to Equity Ratio of 0.36 in 2020. Price to Book Value is likely to rise to 7.87 in 2021, whereas Calculated Tax Rate is likely to drop 9.27 in 2021.
At this time, it appears that Incyte 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
Increase
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
No Change

Incyte Corp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Incyte Corp is to make sure Incyte is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Incyte 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 Incyte Corp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares215.3 M218.1 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted216.4 M218.1 M
Slightly Down
Increasing
Slightly volatile
Net Cash Flow from Operations(127.9 M)(124.6 M)
Fairly Down
Increasing
Stable
Total Assets3.8 B3.6 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities950.6 M949.6 M
Slightly Up
Increasing
Slightly volatile
Current Assets1.9 B2.4 B
Significantly Down
Increasing
Slightly volatile
Current Liabilities681 M631.2 M
Significantly Up
Increasing
Slightly volatile
Total Debt35.8 M34.9 M
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets(0.0993)(0.092)
Significantly Down
Increasing
Slightly volatile
Gross Margin0.910.951
Sufficiently Down
Decreasing
Slightly volatile
Asset Turnover0.850.831
Fairly Up
Increasing
Slightly volatile

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

About Incyte 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

12.92Share
Incyte Corp Book Value per Share is fairly stable at the moment as compared to the past year. Incyte Corp reported Book Value per Share of 11.97 in 2020

Incyte Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Incyte Corp from analyzing Incyte Corp's financial statements. These drivers represent accounts that assess Incyte Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Incyte Corp's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Net Income Per Employee106.06 K(259.22 K)80.1 K306.94 K(166.32 K)(170.7 K)
Revenue Per Employee1.13 M1.27 M1.38 M1.48 M1.5 M1.21 M
Average Assets1.43 B1.98 B2.47 B3.09 B3.21 B3.46 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA204.57 M(253.21 M)171.86 M543.18 M(178.24 M)(182.93 M)
Earnings Before Interest Taxes and Depreciation Amortization USD204.57 M(253.21 M)171.86 M543.18 M(178.24 M)(182.93 M)
Earnings before Tax107.4 M(312.29 M)115.35 M486.79 M(232.22 M)(238.33 M)
Average Equity328.57 M1.35 B1.77 B2.34 B2.32 B2.5 B
Enterprise Value18.95 B18.88 B12.44 B17.16 B17.59 B16.21 B
Free Cash Flow184.48 M(204.01 M)262.74 M632.59 M(311.98 M)(320.19 M)
Invested Capital949.32 M658.26 M701.98 M781.16 M1.12 B977.06 M
Invested Capital Average924.01 M574.03 M685.94 M780.37 M996.57 M879.01 M
Market Capitalization18.89 B19.99 B13.53 B18.81 B19.05 B17.24 B
Tangible Asset Value1.22 B1.91 B2.27 B3.08 B3.23 B3.49 B
Working Capital720.68 M1.13 B1.41 B1.97 B1.73 B1.4 B

About Incyte Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Incyte Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Incyte Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Incyte 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.
Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States and internationally. The company was incorporated in 1991 and is headquartered in Wilmington, Delaware. Incyte Corp operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 1773 people.

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Please see Incyte Corp Altman Z Score, Incyte Corp Correlation, Incyte Corp Valuation, as well as analyze Incyte Corp Alpha and Beta and Incyte Corp Hype Analysis. Note that the Incyte Corp information on this page should be used as a complementary analysis to other Incyte 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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The market value of Incyte Corp is measured differently than its book value, which is the value of Incyte that is recorded on the company's balance sheet. Investors also form their own opinion of Incyte Corp's value that differs from its market value or its book value, called intrinsic value, which is Incyte 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 Incyte Corp's market value can be influenced by many factors that don't directly affect Incyte Corp 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 Incyte Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Incyte Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Incyte 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.