Johnson Piotroski F Score

JOUT -  USA Stock  

USD 87.36  3.10  3.68%

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

Johnson Piotroski F Score 

 
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Johnson Outdoors Total Debt is comparatively stable at the moment as compared to the past year. Johnson Outdoors reported Total Debt of 7.39 Million in 2021. Debt Current is likely to gain to about 391 K in 2022, whereas Issuance Repayment of Debt Securities is likely to drop (358.2 K) in 2022. Johnson Outdoors Revenue to Assets are comparatively stable at the moment as compared to the past year. Johnson Outdoors reported Revenue to Assets of 1.40 in 2021. Total Assets Per Share is likely to gain to 31.61 in 2022, whereas Accounts Payable Turnover is likely to drop 15.59 in 2022.
At this time, it appears that Johnson Outdoors' Piotroski F Score is Healthy. 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..
6.0
Piotroski F Score - Healthy
1
Current Return On Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
Decrease
6
Current Ratio Change
Increase
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Increase
9
Change in Gross Margin
Increase

Johnson Outdoors Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Johnson Outdoors is to make sure Johnson is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Johnson Outdoors' 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 Johnson Outdoors' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares10.8 M9.8 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted10.8 M9.9 M
Significantly Up
Increasing
Stable
Net Cash Flow from Operations47.2 M43.4 M
Significantly Up
Decreasing
Slightly volatile
Total Assets379.9 M310.3 M
Fairly Up
Decreasing
Slightly volatile
Total Liabilities122.2 M102.8 M
Fairly Up
Decreasing
Slightly volatile
Current Assets257.6 M202 M
Significantly Up
Decreasing
Slightly volatile
Current Liabilities82.6 M67.7 M
Fairly Up
Decreasing
Slightly volatile
Total Debt7.6 M7.4 M
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets0.04210.041
Fairly Up
Decreasing
Slightly volatile
Gross Margin0.460.407
Moderately Up
Decreasing
Stable
Asset Turnover1.271.322
Sufficiently Down
Increasing
Slightly volatile

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

About Johnson Outdoors 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.

About Johnson Outdoors Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Johnson Outdoors's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Johnson Outdoors using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Johnson Outdoors 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.
Johnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. The company was founded in 1970 and is headquartered in Racine, Wisconsin. Johnson Outdoors operates under Leisure classification in the United States and is traded on NASDAQ Exchange. It employs 1400 people.

Johnson Outdoors Investors Sentiment

The influence of Johnson Outdoors' 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 Johnson. 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Johnson Outdoors in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Johnson Outdoors' short interest history, or implied volatility extrapolated from Johnson Outdoors options trading.

Current Sentiment - JOUT

Johnson Outdoors Investor Sentiment

Most of Macroaxis users are currently bullish on Johnson Outdoors. What is your judgment towards investing in Johnson Outdoors? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please see Johnson Outdoors Altman Z Score, Johnson Outdoors Correlation, Johnson Outdoors Valuation, as well as analyze Johnson Outdoors Alpha and Beta and Johnson Outdoors Hype Analysis. Note that the Johnson Outdoors information on this page should be used as a complementary analysis to other Johnson Outdoors' 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 Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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