InTest Piotroski F Score

INTT Stock  USD 14.87  0.06  0.40%   
This module uses fundamental data of InTest to approximate its Piotroski F score. InTest F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of InTest. 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 InTest financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out InTest Altman Z Score, InTest Correlation, InTest Valuation, as well as analyze InTest Alpha and Beta and InTest Hype Analysis. For more information on how to buy InTest Stock please use our How to Invest in InTest guide.
Long Term Debt to Equity is likely to gain to 0.23 in 2023, whereas Total Debt is likely to drop slightly above 20.7 M in 2023. InTest Revenue to Assets are comparatively stable at the moment as compared to the past year. InTest reported Revenue to Assets of 1.06 in 2022. Total Assets Per Share is likely to gain to 10.77 in 2023, whereas Cash Flow Per Share is likely to drop (0.13) in 2023.
At this time, it appears that InTest's Piotroski F Score is Frail. 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..
Piotroski F Score - Frail
Current Return On AssetsPositiveFocus
Change in Return on AssetsDecreasedFocus
Cash Flow Return on AssetsNegativeFocus
Current Quality of Earnings (accrual)DecreasingFocus
Asset Turnover GrowthDecreaseFocus
Current Ratio ChangeIncreaseFocus
Long Term Debt Over Assets ChangeLower LeverageFocus
Change In Outstending SharesIncreaseFocus
Change in Gross MarginNo ChangeFocus

InTest Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to InTest is to make sure InTest is not a subject of accounting manipulations and runs a healthy internal audit department. So, if InTest'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 InTest's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted11.8 M10.9 M
Significantly Up
Slightly volatile
Weighted Average Shares11.6 M10.7 M
Significantly Up
Slightly volatile
Return on Average Assets0.06510.079
Significantly Down
Pretty Stable
Net Cash Flow from Operations(1.4 M)(1.4 M)
Fairly Down
Slightly volatile
Current Liabilities29 M26.9 M
Significantly Up
Slightly volatile
Total Liabilities48.7 M45.1 M
Significantly Up
Slightly volatile
Gross Margin0.440.457
Sufficiently Down
Pretty Stable
Total Debt20.7 M22.5 M
Significantly Down
Slightly volatile
Asset Turnover1.041.098
Notably Down
Slightly volatile
Current Assets52.2 M60.1 M
Fairly Down
Slightly volatile
Total Assets92.4 M110.1 M
Fairly Down
Slightly volatile

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

About InTest 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


InTest Book Value per Share is comparatively stable at the moment as compared to the past year. InTest reported Book Value per Share of 6.09 in 2022

InTest Current Valuation Drivers

We derive many important indicators used in calculating different scores of InTest from analyzing InTest's financial statements. These drivers represent accounts that assess InTest's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of InTest's important valuation drivers and their relationship over time.
201820192020202120222023 (projected)
Net Income Per Employee14.53 K11.73 K(4.38 K)23.05 K24.45 K26.8 K
Revenue Per Employee375.9 K306.36 K263.12 K268.6 K337.65 K366.99 K
Average Assets65.03 M60.81 M60.93 M79.11 M106.43 M88.43 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA6.91 M5.8 M1.94 M11.64 M15.51 M16.74 M
Earnings Before Interest Taxes and Depreciation Amortization USD6.91 M5.8 M1.94 M11.64 M15.51 M16.74 M
Earnings before Tax5.04 M2.6 M(1.23 M)8.4 M10.14 M10.95 M
Average Equity42.53 M44.48 M44.38 M51.9 M59.87 M55.02 M
Enterprise Value50.1 M59.83 M66.21 M126.11 M126.29 M136.26 M
Free Cash Flow8.75 M(9.03 M)2.6 M9.85 M(2.75 M)(2.83 M)
Invested Capital(741 K)21.45 M24 M41.27 M50.95 M54.97 M
Invested Capital Average3.54 M20.63 M23.5 M29.31 M49.62 M53.54 M
Market Capitalization64.3 M62.44 M68.33 M138.31 M113.54 M98.87 M
Tangible Asset Value38.54 M32.32 M35.87 M60.82 M69.9 M60.15 M
Working Capital14.2 M16.53 M18.11 M27 M33.18 M27.53 M

About InTest Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze InTest's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of InTest using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of InTest 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.
inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defenseaerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company markets and sells its products to semiconductor manufacturers, third-party foundries, test and assembly providers, and original equipment manufacturers. inTEST Corporation was incorporated in 1981 and is headquartered in Mount Laurel, New Jersey. Intest Corp operates under Semiconductor Equipment Materials classification in the United States and is traded on AMEX Exchange. It employs 303 people.

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Check out InTest Altman Z Score, InTest Correlation, InTest Valuation, as well as analyze InTest Alpha and Beta and InTest Hype Analysis. For more information on how to buy InTest Stock please use our How to Invest in InTest guide. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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