Ultra Clean Holdings Stock Piotroski F Score

UCTT Stock  USD 46.26  2.21  5.02%   
This module uses fundamental data of Ultra Clean to approximate its Piotroski F score. Ultra Clean F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Ultra Clean 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 Ultra Clean financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Ultra Clean Altman Z Score, Ultra Clean Correlation, Ultra Clean Valuation, as well as analyze Ultra Clean Alpha and Beta and Ultra Clean Hype Analysis.
  
At this time, Ultra Clean's Net Debt is comparatively stable compared to the past year. Short and Long Term Debt Total is likely to gain to about 671.9 M in 2024, whereas Total Debt To Capitalization is likely to drop 0.22 in 2024. At this time, Ultra Clean's Inventory Turnover is comparatively stable compared to the past year. Ebt Per Ebit is likely to gain to 0.86 in 2024, whereas Days Of Payables Outstanding is likely to drop 37.74 in 2024.
At this time, it appears that Ultra Clean'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..
6.0
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

Increase

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Ultra Clean Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Ultra Clean is to make sure Ultra is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Ultra Clean'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 Ultra Clean's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.911.0376
Way Up
Pretty Stable
Gross Profit Margin0.120.2046
Way Down
Slightly volatile
Total Current Liabilities325.5 M310 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total693.5 M660.5 M
Sufficiently Up
Slightly volatile
Total AssetsB1.9 B
Sufficiently Up
Slightly volatile
Total Current Assets937.9 M893.2 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities142.4 M135.6 M
Sufficiently Up
Slightly volatile

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

About Ultra Clean 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

2.56

At this time, Ultra Clean's Price Book Value Ratio is comparatively stable compared to the past year.

About Ultra Clean Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ultra Clean Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ultra Clean using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ultra Clean 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.
Please read more on our fundamental analysis page.
Ultra Clean Holdings, Inc. develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company was founded in 1991 and is headquartered in Hayward, California. Ultra Clean operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 5860 people.

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When determining whether Ultra Clean Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ultra Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ultra Clean Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Ultra Clean Holdings Stock:
Check out Ultra Clean Altman Z Score, Ultra Clean Correlation, Ultra Clean Valuation, as well as analyze Ultra Clean Alpha and Beta and Ultra Clean Hype Analysis.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Ultra Clean's price analysis, check to measure Ultra Clean'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 Ultra Clean is operating at the current time. Most of Ultra Clean's value examination focuses on studying past and present price action to predict the probability of Ultra Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultra Clean's price. Additionally, you may evaluate how the addition of Ultra Clean to your portfolios can decrease your overall portfolio volatility.
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Is Ultra Clean'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 Ultra Clean. If investors know Ultra 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 Ultra Clean 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
(0.40)
Earnings Share
(0.70)
Revenue Per Share
38.803
Quarterly Revenue Growth
(0.21)
Return On Assets
0.013
The market value of Ultra Clean Holdings is measured differently than its book value, which is the value of Ultra that is recorded on the company's balance sheet. Investors also form their own opinion of Ultra Clean's value that differs from its market value or its book value, called intrinsic value, which is Ultra Clean'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 Ultra Clean's market value can be influenced by many factors that don't directly affect Ultra Clean'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 Ultra Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ultra Clean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultra Clean'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.