Old Dominion Freight Stock Piotroski F Score

ODFL Stock  USD 183.92  1.98  1.09%   
This module uses fundamental data of Old Dominion to approximate its Piotroski F score. Old Dominion F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Old Dominion Freight. 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 Old Dominion financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Old Dominion Altman Z Score, Old Dominion Correlation, Old Dominion Valuation, as well as analyze Old Dominion Alpha and Beta and Old Dominion Hype Analysis.
  
At this time, Old Dominion's Long Term Debt is quite stable compared to the past year. Long Term Debt Total is expected to rise to about 96.5 M this year, although the value of Net Debt is projected to rise to (221.8 M). At this time, Old Dominion's Free Cash Flow Yield is quite stable compared to the past year. Operating Cash Flow Per Share is expected to rise to 7.53 this year, although the value of Capex To Depreciation will most likely fall to (2.45).
At this time, it appears that Old Dominion's Piotroski F Score is Strong. 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..
7.0
Piotroski F Score - Strong
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

Old Dominion Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Old Dominion is to make sure Old is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Old Dominion'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 Old Dominion's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.240.2249
Notably Up
Slightly volatile
Asset Turnover1.581.0642
Way Up
Slightly volatile
Gross Profit Margin0.660.3404
Way Up
Very volatile
Total Current Liabilities571.9 M544.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total745.4 M709.9 M
Sufficiently Up
Slightly volatile
Total Assets5.8 B5.5 B
Sufficiently Up
Slightly volatile
Total Current Assets1.2 B1.1 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities1.6 B1.6 B
Sufficiently Up
Slightly volatile

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

About Old Dominion 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

20.43

At this time, Old Dominion's Book Value Per Share is quite stable compared to the past year.

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

About Old Dominion Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Old Dominion Freight's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Old Dominion using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Old Dominion Freight 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.

Old Dominion Investors Sentiment

The influence of Old Dominion's 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 Old. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Old Dominion's public news can be used to forecast risks associated with an investment in Old. The trend in average sentiment can be used to explain how an investor holding Old can time the market purely based on public headlines and social activities around Old Dominion Freight. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Old Dominion's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Old Dominion's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Old Dominion's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Old Dominion.
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 Old Dominion 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, Old Dominion's short interest history, or implied volatility extrapolated from Old Dominion options trading.

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When determining whether Old Dominion Freight is a strong investment it is important to analyze Old Dominion's 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 Old Dominion's future performance. For an informed investment choice regarding Old Stock, refer to the following important reports:
Check out Old Dominion Altman Z Score, Old Dominion Correlation, Old Dominion Valuation, as well as analyze Old Dominion Alpha and Beta and Old Dominion Hype Analysis.
Note that the Old Dominion Freight information on this page should be used as a complementary analysis to other Old Dominion'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 the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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Is Old Dominion'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 Old Dominion. If investors know Old 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 Old Dominion 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
0.039
Dividend Share
0.86
Earnings Share
5.68
Revenue Per Share
26.959
Quarterly Revenue Growth
0.012
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old Dominion's value that differs from its market value or its book value, called intrinsic value, which is Old Dominion'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 Old Dominion's market value can be influenced by many factors that don't directly affect Old Dominion'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 Old Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Dominion'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.