Advanced Piotroski F Score

WMS
 Stock
  

USD 95.33  1.18  1.22%   

This module uses fundamental data of Advanced Drainage to approximate its Piotroski F score. Advanced Drainage F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Advanced Drainage Systems. 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 Advanced Drainage financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Advanced Drainage Altman Z Score, Advanced Drainage Correlation, Advanced Drainage Valuation, as well as analyze Advanced Drainage Alpha and Beta and Advanced Drainage Hype Analysis.
  
Advanced Drainage Total Debt is relatively stable at the moment as compared to the past year. Advanced Drainage reported last year Total Debt of 381.71 Million. As of 12/04/2022, Debt Current is likely to grow to about 53.5 M, while Issuance Repayment of Debt Securities is likely to drop (80.8 M). Advanced Drainage Cash Flow Per Share is relatively stable at the moment as compared to the past year. Advanced Drainage reported last year Cash Flow Per Share of 3.80. As of 12/04/2022, Revenue to Assets is likely to grow to 1.19, while Receivables Turnover is likely to drop 8.43.
At this time, it appears that Advanced Drainage'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
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 ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Advanced Drainage Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Advanced Drainage is to make sure Advanced is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Advanced Drainage'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 Advanced Drainage's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted62.3 M72.9 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares61.2 M71.3 M
Fairly Down
Increasing
Slightly volatile
Return on Average Assets11.5610.7169
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations296.6 M274.9 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities422.1 M391.2 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities1.7 B1.6 B
Significantly Up
Increasing
Slightly volatile
Gross Margin24.8528.9019
Fairly Down
Increasing
Slightly volatile
Total Debt383.6 M381.7 M
Slightly Up
Increasing
Stable
Asset Turnover1.231.0938
Moderately Up
Decreasing
Stable
Current Assets940.7 M871.9 M
Significantly Up
Increasing
Slightly volatile
Total Assets2.9 B2.6 B
Significantly Up
Increasing
Slightly volatile

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

About Advanced Drainage 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.

Weighted Average Shares

61.19 Million

Advanced Drainage Weighted Average Shares is relatively stable at the moment as compared to the past year. Advanced Drainage reported last year Weighted Average Shares of 71.28 Million

Advanced Drainage Current Valuation Drivers

We derive many important indicators used in calculating different scores of Advanced Drainage from analyzing Advanced Drainage's financial statements. These drivers represent accounts that assess Advanced Drainage's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Advanced Drainage's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee14.09 K17.68 K(38.92 K)44.85 K48.15 K51.95 K
Revenue Per Employee302.35 K314.71 K337.22 K396.56 K491.45 K399.42 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA163.32 M197.98 M24.75 M489.67 M554.55 M598.33 M

About Advanced Drainage Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Advanced Drainage Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advanced Drainage using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advanced Drainage Systems 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.
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company was incorporated in 1966 and is headquartered in Hilliard, Ohio. Advanced Drainage operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. It employs 5635 people.

Advanced Drainage Investors Sentiment

The influence of Advanced Drainage'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 Advanced. 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 markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Advanced Drainage's public news can be used to forecast risks associated with investment in Advanced. The trend in average sentiment can be used to explain how an investor holding Advanced can time the market purely based on public headlines and social activities around Advanced Drainage Systems. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Advanced Drainage'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 Advanced Drainage'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 Advanced Drainage's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Advanced Drainage.
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 Advanced Drainage 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, Advanced Drainage's short interest history, or implied volatility extrapolated from Advanced Drainage options trading.

Also Currently Popular

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 Advanced Drainage Altman Z Score, Advanced Drainage Correlation, Advanced Drainage Valuation, as well as analyze Advanced Drainage Alpha and Beta and Advanced Drainage Hype Analysis. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Advanced Drainage Systems price analysis, check to measure Advanced Drainage'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 Advanced Drainage is operating at the current time. Most of Advanced Drainage's value examination focuses on studying past and present price action to predict the probability of Advanced Drainage's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Advanced Drainage's price. Additionally, you may evaluate how the addition of Advanced Drainage to your portfolios can decrease your overall portfolio volatility.
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Is Advanced Drainage'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 Advanced Drainage. If investors know Advanced 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 Advanced Drainage 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
1.05
Market Capitalization
7.9 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.15
Return On Equity
0.46
The market value of Advanced Drainage Systems is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Drainage's value that differs from its market value or its book value, called intrinsic value, which is Advanced Drainage'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 Advanced Drainage's market value can be influenced by many factors that don't directly affect Advanced Drainage'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 Advanced Drainage's value and its price as these two are different measures arrived at by different means. Investors typically determine Advanced Drainage value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Drainage'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.