Northern Piotroski F Score

NTRS Stock  USD 97.20  0.26  0.27%   
This module uses fundamental data of Northern Trust to approximate its Piotroski F score. Northern Trust F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Northern Trust. 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 Northern Trust financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, see Northern Trust Altman Z Score, Northern Trust Correlation, Northern Trust Valuation, as well as analyze Northern Trust Alpha and Beta and Northern Trust Hype Analysis.
  
Northern Trust Total Debt is relatively stable at the moment as compared to the past year. Northern Trust reported last year Total Debt of 10.24 Billion. As of 01/28/2023, Debt to Equity Ratio is likely to grow to 0.42, while Long Term Debt is likely to drop slightly above 3.2 B. Northern Trust Price to Book Value is relatively stable at the moment as compared to the past year. Northern Trust reported last year Price to Book Value of 1.91. As of 01/28/2023, Price to Earnings Ratio is likely to grow to 15.66, while Cash Flow Per Share is likely to drop 5.82.
At this time, it appears that Northern Trust'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..
3.0
Piotroski F Score - Frail
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeN/AFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Northern Trust Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Northern Trust is to make sure Northern is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Northern Trust'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 Northern Trust's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted259.3 M240.2 M
Significantly Up
Down
Pretty Stable
Weighted Average Shares258.2 M239.3 M
Significantly Up
Down
Pretty Stable
Return on Average Assets0.770.79
Fairly Down
Up
Slightly volatile
Net Cash Flow from Operations1.2 B1.2 B
Fairly Up
Up
Slightly volatile
Total Liabilities130 B154.7 B
Fairly Down
Up
Slightly volatile
Gross Margin0.890.9
Fairly Down
Down
Slightly volatile
Total Debt10.7 B10.2 B
Sufficiently Up
Up
Slightly volatile
Asset Turnover0.04770.0422
Moderately Up
Down
Very volatile
Total Assets139.6 B165.5 B
Fairly Down
Up
Slightly volatile

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

About Northern Trust 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

57.01

Northern Trust Book Value per Share is relatively stable at the moment as compared to the past year. Northern Trust reported last year Book Value per Share of 64.52

Northern Trust Current Valuation Drivers

We derive many important indicators used in calculating different scores of Northern Trust from analyzing Northern Trust's financial statements. These drivers represent accounts that assess Northern Trust's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Northern Trust's important valuation drivers and their relationship over time.
201820192020202120222023 (projected)
Net Income Per Employee82.79 K75.36 K57.7 K73.24 K65.91 K60 K
Revenue Per Employee354.2 K348.24 K300.66 K307.5 K276.75 K276.02 K
Average Assets129.27 B132.34 B127.4 B158.81 B182.63 B162.47 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.06 B2.42 B2.4 B2.13 B2.45 B2.3 B
Earnings Before Interest Taxes and Depreciation Amortization USD2.06 B2.42 B2.4 B2.13 B2.45 B2.3 B
Earnings before Tax1.63 B1.96 B1.94 B1.63 B1.87 B1.79 B
Average Equity10.11 B10.36 B10.83 B11.38 B13.09 B12.04 B
Enterprise Value(11.81 B)(9.97 B)2.78 B(15.51 B)(13.96 B)(14.33 B)
Free Cash Flow1.25 B1.26 B1.99 B1.34 B1.54 B1.39 B
Invested Capital98.45 B105.52 B104.69 B113.93 B131.02 B121.34 B
Invested Capital Average94.36 B103.19 B102.28 B115.54 B132.87 B121.39 B
Market Capitalization22.72 B18.51 B22.51 B19.38 B22.29 B21.5 B
Tangible Asset Value137.98 B131.54 B136.13 B169.3 B194.69 B171.23 B

Northern Trust 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, Northern Trust's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Northern Trust's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About Northern Trust Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Northern Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Northern Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Northern Trust 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.
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. The company was founded in 1889 and is headquartered in Chicago, Illinois. Northern Trust operates under Asset Management classification in the United States and is traded on NASDAQ Exchange. It employs 23100 people.

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Additionally, see Northern Trust Altman Z Score, Northern Trust Correlation, Northern Trust Valuation, as well as analyze Northern Trust Alpha and Beta and Northern Trust Hype Analysis. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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Is Northern Trust'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 Northern Trust. If investors know Northern 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 Northern Trust 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
(0.63) 
Market Capitalization
20.2 B
Quarterly Revenue Growth
(0.1) 
Return On Assets
0.0079
Return On Equity
0.1148
The market value of Northern Trust is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Trust's value that differs from its market value or its book value, called intrinsic value, which is Northern Trust'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 Northern Trust's market value can be influenced by many factors that don't directly affect Northern Trust'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 Northern Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine Northern Trust value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Trust'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.