Encore Piotroski F Score
| WIRE Stock | USD 174.23 0.17 0.1% |
Encore | Piotroski F Score |
At this time, it appears that Encore Wire'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 | Positive | Focus |
2 | Change in Return on Assets | Increased | Focus |
3 | Cash Flow Return on Assets | Positive | Focus |
4 | Current Quality of Earnings (accrual) | Decreasing | Focus |
5 | Asset Turnover Growth | Decrease | Focus |
6 | Current Ratio Change | Decrease | Focus |
7 | Long Term Debt Over Assets Change | N/A | Focus |
8 | Change In Outstending Shares | Decrease | Focus |
9 | Change in Gross Margin | No Change | Focus |
Encore Wire Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Encore Wire is to make sure Encore is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Encore Wire'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 Encore Wire's financial numbers are properly reported.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Weighted Average Shares Diluted | 19 M | 19.4 M |
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| Weighted Average Shares | 18.8 M | 19.2 M |
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| Return on Average Assets | 0.42 | 0.392 |
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| Net Cash Flow from Operations | 743.3 M | 688.9 M |
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| Current Liabilities | 121.7 M | 144.2 M |
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| Total Liabilities | 168.5 M | 200.1 M |
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| Gross Margin | 0.29 | 0.369 |
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| Asset Turnover | 1.61 | 1.647 |
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| Current Assets | 1.5 B | 1.4 B |
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| Total Assets | 2.2 B | 2 B |
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Encore Wire 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 Encore Wire's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Encore Wire in a much-optimized way.
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About Encore Wire 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 |
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Encore Wire Current Valuation Drivers
We derive many important indicators used in calculating different scores of Encore Wire from analyzing Encore Wire's financial statements. These drivers represent accounts that assess Encore Wire's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Encore Wire's important valuation drivers and their relationship over time.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Net Income Per Employee | 61.15 K | 42.12 K | 58.85 K | 375.99 K | 429.33 K | 463.23 K | |
| Revenue Per Employee | 1.01 M | 923.91 K | 987.94 K | 1.8 M | 1.8 M | 1.95 M | |
| Average Assets | 778.67 M | 856.14 M | 914.59 M | 1.31 B | 1.83 B | 1.45 B | |
| Earnings Before Interest Taxes and Depreciation Amortization EBITDA | 118.2 M | 93.44 M | 118.25 M | 722.68 M | 951.08 M | 1.03 B | |
| Earnings Before Interest Taxes and Depreciation Amortization USD | 118.2 M | 93.44 M | 118.25 M | 722.68 M | 951.08 M | 1.03 B | |
| Earnings before Tax | 101.68 M | 75.73 M | 98.8 M | 699.4 M | 924.85 M | 997.86 M | |
| Average Equity | 684.98 M | 758.76 M | 805.17 M | 1.12 B | 1.63 B | 1.76 B | |
| Enterprise Value | 913.22 M | 999.28 M | 1.03 B | 2.6 B | 1.95 B | 1.68 B | |
| Free Cash Flow | 55.41 M | 53.64 M | (28.62 M) | 300.17 M | 540.53 M | 583.21 M | |
| Invested Capital | 566.08 M | 576.89 M | 689.74 M | 937.45 M | 1.14 B | 957.5 M | |
| Invested Capital Average | 576.54 M | 586.13 M | 623.42 M | 895.05 M | 1.12 B | 936.17 M | |
| Market Capitalization | 1.05 B | 1.2 B | 1.25 B | 2.9 B | 2.52 B | 2.07 B | |
| Tangible Asset Value | 818.06 M | 883.15 M | 966.45 M | 1.53 B | 2.02 B | 2.18 B | |
| Working Capital | 445.67 M | 473.94 M | 461.54 M | 880.95 M | 1.26 B | 1.36 B |
About Encore Wire Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Encore Wire's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Encore Wire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Encore Wire 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.Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas. Encore Wire operates under Electrical Equipment Parts classification in the United States and is traded on NASDAQ Exchange. It employs 1440 people.
Encore Wire Investors Sentiment
The influence of Encore Wire'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 Encore. 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 Encore Wire's public news can be used to forecast risks associated with an investment in Encore. The trend in average sentiment can be used to explain how an investor holding Encore can time the market purely based on public headlines and social activities around Encore Wire. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Encore Wire'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 Encore Wire'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 Encore Wire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Encore Wire.
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 Encore Wire 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, Encore Wire's short interest history, or implied volatility extrapolated from Encore Wire options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Encore Wire Altman Z Score, Encore Wire Correlation, Encore Wire Valuation, as well as analyze Encore Wire Alpha and Beta and Encore Wire Hype Analysis. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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When running Encore Wire's price analysis, check to measure Encore Wire'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 Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
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Is Encore Wire'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 Encore Wire. If investors know Encore 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 Encore Wire 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 (0.44) | Dividend Share 0.08 | Earnings Share 30.82 | Revenue Per Share 152.102 | Quarterly Revenue Growth (0.24) |
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire'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 Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.