Air Industries Piotroski F Score

AIRI
 Stock
  

USD 0.72  0.01  1.41%   

This module uses fundamental data of Air Industries to approximate its Piotroski F score. Air Industries F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Air Industries Group. 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 Air Industries financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to Air Industries Altman Z Score, Air Industries Correlation, Air Industries Valuation, as well as analyze Air Industries Alpha and Beta and Air Industries Hype Analysis.
  
Air Industries Debt to Equity Ratio is most likely to slightly decrease in the upcoming years. The last year's value of Debt to Equity Ratio was reported at 2.07. Air Industries EBITDA Margin is most likely to slightly decrease in the upcoming years. The last year's value of EBITDA Margin was reported at 0.10. The current Earnings per Basic Share is estimated to increase to 0.05, while Asset Turnover is projected to decrease to 0.97.
At this time, it appears that Air Industries' 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)ImprovingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Air Industries Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Air Industries is to make sure Air Industries is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Air Industries' 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 Air Industries' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares25.7 M32 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted39.3 M36.4 M
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations4.4 M4.1 M
Significantly Up
Decreasing
Stable
Total Assets62.2 M53.4 M
Fairly Up
Increasing
Stable
Total Liabilities42.6 M36 M
Fairly Up
Increasing
Stable
Current Assets46.6 M40.9 M
Fairly Up
Increasing
Slightly volatile
Current Liabilities31.3 M23.4 M
Significantly Up
Increasing
Stable
Total Debt31 M27.3 M
Moderately Up
Increasing
Slightly volatile
Return on Average Assets0.03240.03
Significantly Up
Decreasing
Stable
Gross Margin0.170.174
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.971.069
Moderately Down
Decreasing
Slightly volatile

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

About Air Industries 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

0.56

Air Industries Book Value per Share is most likely to slightly decrease in the upcoming years. The last year's value of Book Value per Share was reported at 0.54

Air Industries Current Valuation Drivers

We derive many important indicators used in calculating different scores of Air Industries from analyzing Air Industries' financial statements. These drivers represent accounts that assess Air Industries' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Air Industries' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets71.63 M59.19 M51.61 M56.33 M55.14 M55.2 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(15.55 M)(3.53 M)4.34 M4.23 M6.19 M6.68 M
Earnings Before Interest Taxes and Depreciation Amortization USD(15.55 M)(3.53 M)4.34 M4.23 M6.19 M6.68 M
Earnings before Tax(22.75 M)(10.99 M)(2.69 M)(316 K)1.63 M1.76 M
Average Equity24.32 M16.17 M10.47 M12.84 M15.93 M16.74 M
Enterprise Value69.66 M48.93 M95.43 M71.73 M56.86 M68.12 M
Free Cash Flow(6.49 M)(4.12 M)(1.65 M)(5.32 M)2.7 M2.91 M
Invested Capital46.46 M41.64 M47.89 M59.68 M56.52 M58.11 M
Invested Capital Average49.44 M47.51 M47.74 M57.14 M58.3 M59.95 M
Market Capitalization39.35 M19.84 M66.71 M39.03 M29.14 M36.84 M
Tangible Asset Value58.3 M47.59 M50.93 M57.61 M53.26 M59.33 M
Working Capital9.53 M9.04 M5.62 M16.28 M17.48 M15.35 M

About Air Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Air Industries Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Air Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Air Industries Group 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.
Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Air Industries Group was founded in 1979 and is headquartered in Bay Shore, New York. Air Industries operates under Aerospace Defense classification in the United States and is traded on NYSEMKT Exchange. It employs 197 people.

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Our tools can tell you how much better you can do entering a position in Air Industries without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Air Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Air Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Air Industries will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Air Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Air Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Air Industries Group to buy it.
The correlation of Air Industries is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Industries Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Air Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Air Industries Altman Z Score, Air Industries Correlation, Air Industries Valuation, as well as analyze Air Industries Alpha and Beta and Air Industries Hype Analysis. Note that the Air Industries Group information on this page should be used as a complementary analysis to other Air Industries' 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Air Industries Stock analysis

When running Air Industries Group price analysis, check to measure Air Industries' 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 Air Industries is operating at the current time. Most of Air Industries' value examination focuses on studying past and present price action to predict the probability of Air Industries' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Air Industries' price. Additionally, you may evaluate how the addition of Air Industries to your portfolios can decrease your overall portfolio volatility.
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Is Air Industries' 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 Air Industries. If investors know Air Industries 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 Air Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Air Industries Group is measured differently than its book value, which is the value of Air Industries that is recorded on the company's balance sheet. Investors also form their own opinion of Air Industries' value that differs from its market value or its book value, called intrinsic value, which is Air Industries' 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 Air Industries' market value can be influenced by many factors that don't directly affect Air Industries' 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 Air Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine Air Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Industries' 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.