Encore Piotroski F Score

WIRE
 Stock
  

USD 138.77  8.04  5.48%   

This module uses fundamental data of Encore Wire to approximate its Piotroski F score. Encore Wire F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Encore Wire. 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 Encore Wire financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. 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.
  
As of December 6, 2022, Total Debt is expected to decline to about 102.7 M. In addition to that, Debt Current is expected to decline to about 89.9 M. Encore Wire Calculated Tax Rate is projected to decrease significantly based on the last few years of reporting. The past year's Calculated Tax Rate was at 22.59. The current year PPandE Turnover is expected to grow to 6.10, whereas Receivables Turnover is forecasted to decline to 5.91.
At this time, it appears that Encore Wire'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
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

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 ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted23.2 M20.6 M
Moderately Up
Decreasing
Slightly volatile
Weighted Average Shares23 M20.4 M
Moderately Up
Decreasing
Slightly volatile
Return on Average Assets46.7943.366
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations451.5 M418.4 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities166.3 M154.1 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities206.6 M191.4 M
Significantly Up
Increasing
Slightly volatile
Gross Margin36.1133.4685
Significantly Up
Increasing
Slightly volatile
Total Debt102.7 M115.5 M
Fairly Down
Increasing
Slightly volatile
Asset Turnover2.172.0767
Sufficiently Up
Decreasing
Slightly volatile
Current Assets1.1 BB
Significantly Up
Increasing
Slightly volatile
Total Assets1.7 B1.5 B
Significantly Up
Increasing
Slightly volatile

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.

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

19.68

Encore Wire Book Value per Share is projected to increase based on the last few years of reporting. The past year's Book Value per Share was at 24.88

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.
201720182019202020212022 (projected)
Net Income Per Employee54.27 K61.15 K42.12 K58.85 K375.99 K405.67 K
Revenue Per Employee942.71 K1.01 M923.91 K987.94 K1.8 M1.94 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA95.13 M116.02 M89.24 M116.99 M699.23 M754.43 M

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.

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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. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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 YOY
0.17
Market Capitalization
2.7 B
Quarterly Revenue Growth YOY
0.064
Return On Assets
0.35
Return On Equity
0.49
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 Encore Wire value 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.