Summit State Bank Stock Piotroski F Score

SSBI Stock  USD 10.80  0.22  2.00%   
This module uses fundamental data of Summit State to approximate its Piotroski F score. Summit State F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Summit State Bank. 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 Summit State financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Summit State Altman Z Score, Summit State Correlation, Summit State Valuation, as well as analyze Summit State Alpha and Beta and Summit State Hype Analysis.
  
As of now, Summit State's Net Debt is increasing as compared to previous years. The Summit State's current Short Term Debt is estimated to increase to about 24.2 M, while Short and Long Term Debt Total is projected to decrease to under 5.6 M. As of now, Summit State's Free Cash Flow Per Share is increasing as compared to previous years. The Summit State's current Ebt Per Ebit is estimated to increase to 0.40, while Short Term Coverage Ratios is projected to decrease to 0.63.
At this time, it appears that Summit State's 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..
5.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Decreased

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

Lower Leverage

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Summit State Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Summit State is to make sure Summit is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Summit State'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 Summit State's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00730.0096
Way Down
Slightly volatile
Asset Turnover0.06120.0583
Sufficiently Up
Slightly volatile
Total Current Liabilities469 M446.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total607.1 M578.2 M
Sufficiently Up
Slightly volatile
Total Assets575.8 M1.1 B
Way Down
Slightly volatile
Total Current Assets54.9 M57.8 M
Notably Down
Slightly volatile
Total Cash From Operating Activities8.3 MM
Significantly Up
Slightly volatile

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

About Summit State 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.

Price Book Value Ratio

0.84

As of now, Summit State's Price Book Value Ratio is increasing as compared to previous years.

About Summit State Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Summit State Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit State using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit State Bank 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.
Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. Summit State Bank was incorporated in 1982 and is headquartered in Santa Rosa, California. Summit State operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 107 people.

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When determining whether Summit State Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit State's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit State Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit State Bank Stock:
Check out Summit State Altman Z Score, Summit State Correlation, Summit State Valuation, as well as analyze Summit State Alpha and Beta and Summit State Hype Analysis.
Note that the Summit State Bank information on this page should be used as a complementary analysis to other Summit State'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running Summit State's price analysis, check to measure Summit State'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 Summit State is operating at the current time. Most of Summit State's value examination focuses on studying past and present price action to predict the probability of Summit State's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit State's price. Additionally, you may evaluate how the addition of Summit State to your portfolios can decrease your overall portfolio volatility.
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Is Summit State'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 Summit State. If investors know Summit 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 Summit State 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
(0.54)
Dividend Share
0.48
Earnings Share
2.01
Revenue Per Share
6.703
Quarterly Revenue Growth
(0.16)
The market value of Summit State Bank is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit State's value that differs from its market value or its book value, called intrinsic value, which is Summit State'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 Summit State's market value can be influenced by many factors that don't directly affect Summit State'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 Summit State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit State'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.