Netlist Piotroski F Score

NLST -  USA Stock  

USD 8.34  0.13  1.58%

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

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Debt Non Current is likely to gain to about 7.6 M in 2021, whereas Total Debt is likely to drop slightly above 18.9 M in 2021. Netlist Current Ratio is comparatively stable at the moment as compared to the past year. Netlist reported Current Ratio of 0.90 in 2020. Gross Margin is likely to gain to 0.28 in 2021, whereas Debt to Equity Ratio is likely to drop (26.00)  in 2021.
At this time, it appears that Netlist'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)
Decreasing
5
Asset Turnover Growth
Decrease
6
Current Ratio Change
Increase
7
Long Term Debt Over Assets Change
Lower Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
Increase

Netlist Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Netlist is to make sure Netlist is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Netlist'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 Netlist's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares124.9 M183.6 M
Way Down
Increasing
Slightly volatile
Weighted Average Shares Diluted124.9 M183.6 M
Way Down
Increasing
Slightly volatile
Total Assets23.8 M25.3 M
Notably Down
Decreasing
Slightly volatile
Total Liabilities25.5 M27.9 M
Significantly Down
Increasing
Slightly volatile
Current Assets23.2 M24.9 M
Significantly Down
Decreasing
Slightly volatile
Current Liabilities17.8 M27.6 M
Way Down
Increasing
Slightly volatile
Total Debt18.9 M20.9 M
Moderately Down
Increasing
Slightly volatile
Gross Margin0.280.143
Way Up
Decreasing
Slightly volatile
Asset Turnover1.541.947
Significantly Down
Increasing
Slightly volatile

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

About Netlist 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

(0.0126)Share
Netlist Book Value per Share is comparatively stable at the moment as compared to the past year. Netlist reported Book Value per Share of -0.01 in 2020

About Netlist Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Netlist's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Netlist using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Netlist 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.
Netlist, Inc. designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. Netlist, Inc. was incorporated in 2000 and is headquartered in Irvine, California. Netlist operates under Semiconductors classification in the United States and is traded on OTC Exchange. It employs 70 people.

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Additionally, see Netlist Altman Z Score, Netlist Correlation, Netlist Valuation, as well as analyze Netlist Alpha and Beta and Netlist Hype Analysis. Note that the Netlist information on this page should be used as a complementary analysis to other Netlist'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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