This module uses fundamental data of Nextdoor Holdings to approximate its Piotroski F score. Nextdoor Holdings F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Nextdoor Holdings. 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 Nextdoor Holdings financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Nextdoor Holdings Altman Z Score, Nextdoor Holdings Correlation, Nextdoor Holdings Valuation, as well as analyze Nextdoor Holdings Alpha and Beta and Nextdoor Holdings Hype Analysis.
At present, Nextdoor Holdings' Short Term Debt is projected to increase significantly based on the last few years of reporting. The current year's Debt To Equity is expected to grow to 0.13, whereas Net Debt To EBITDA is projected to grow to (0.04). At present, Nextdoor Holdings' Days Sales Outstanding is projected to decrease significantly based on the last few years of reporting. The current year's Invested Capital is expected to grow to 0.13, whereas Book Value Per Share is forecasted to decline to 1.26.
At this time, it appears that Nextdoor Holdings' 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..
The critical factor to consider when applying the Piotroski F Score to Nextdoor Holdings is to make sure Nextdoor is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Nextdoor Holdings' 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 Nextdoor Holdings' financial numbers are properly reported.
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 Nextdoor Holdings' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Nextdoor Holdings in a much-optimized way.
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
1.26
At present, Nextdoor Holdings' Book Value Per Share is projected to increase slightly based on the last few years of reporting.
Nextdoor Holdings ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Nextdoor Holdings' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Nextdoor Holdings' managers, analysts, and investors.
Environmental
Governance
Social
About Nextdoor Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nextdoor Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nextdoor Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nextdoor Holdings 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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Information and Resources on Investing in Nextdoor Stock
When determining whether Nextdoor Holdings is a strong investment it is important to analyze Nextdoor Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nextdoor Holdings' future performance. For an informed investment choice regarding Nextdoor Stock, refer to the following important reports:
For information on how to trade Nextdoor Stock refer to our How to Trade Nextdoor Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Movies & Entertainment space 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 Nextdoor Holdings. If investors know Nextdoor 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 Nextdoor Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.37)
Revenue Per Share
0.577
Quarterly Revenue Growth
0.068
Return On Assets
(0.15)
Return On Equity
(0.25)
The market value of Nextdoor Holdings is measured differently than its book value, which is the value of Nextdoor that is recorded on the company's balance sheet. Investors also form their own opinion of Nextdoor Holdings' value that differs from its market value or its book value, called intrinsic value, which is Nextdoor Holdings' 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 Nextdoor Holdings' market value can be influenced by many factors that don't directly affect Nextdoor Holdings' 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 Nextdoor Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextdoor Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextdoor Holdings' 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.