CNA Financial Piotroski F Score

CNA
 Stock
  

USD 42.27  0.31  0.73%   

This module uses fundamental data of CNA Financial to approximate its Piotroski F score. CNA Financial F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of CNA Financial. 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 CNA Financial financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to CNA Financial Altman Z Score, CNA Financial Correlation, CNA Financial Valuation, as well as analyze CNA Financial Alpha and Beta and CNA Financial Hype Analysis.
  
CNA Financial Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 2.78 Billion. The current year Issuance Repayment of Debt Securities is expected to grow to about 94.3 M, whereas Long Term Debt is forecasted to decline to about 2.6 B. CNA Financial Calculated Tax Rate is projected to drop based on the last few years of reporting. The past year's Calculated Tax Rate was at 19.00. The current year Cash and Equivalents Turnover is expected to grow to 25.59, whereas PPandE Turnover is forecasted to decline to 40.01.
At this time, it appears that CNA Financial's Piotroski F Score is Frail. 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..
3.0
Piotroski F Score - Frail
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeN/AFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

CNA Financial Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to CNA Financial is to make sure CNA Financial is not a subject of accounting manipulations and runs a healthy internal audit department. So, if CNA Financial'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 CNA Financial's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted257.7 M272.8 M
Notably Down
Decreasing
Stable
Weighted Average Shares256.9 M271.8 M
Notably Down
Decreasing
Stable
Return on Average Assets1.551.8398
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations1.6 BB
Significantly Down
Increasing
Slightly volatile
Total Liabilities47.7 B53.8 B
Fairly Down
Increasing
Slightly volatile
Gross Margin0.350.355
Fairly Down
Decreasing
Slightly volatile
Total DebtB2.8 B
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.170.1823
Significantly Down
Increasing
Slightly volatile
Total Assets59.5 B66.6 B
Moderately Down
Increasing
Slightly volatile

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

About CNA Financial 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

256.93 Million

CNA Financial Weighted Average Shares is projected to decrease significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 271.8 Million

CNA Financial Current Valuation Drivers

We derive many important indicators used in calculating different scores of CNA Financial from analyzing CNA Financial's financial statements. These drivers represent accounts that assess CNA Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CNA Financial's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee142.7 K133.28 K169.49 K118.64 K214.64 K231.59 K
Revenue Per Employee1.51 M1.66 M1.82 M1.86 M2.13 M1.76 M
Average Assets56.14 B57.48 B59.88 B61.83 B65.77 B68.31 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.56 B1.18 B1.42 B1 B1.65 B1.61 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.56 B1.18 B1.42 B1 B1.65 B1.61 B
Earnings before Tax1.31 B964 M1.22 B821 M1.48 B1.39 B
Average Equity12.03 B11.39 B11.97 B11.68 B12.56 B11.69 B
Enterprise Value16.96 B14.35 B14.5 B12.91 B14.11 B15.08 B
Free Cash Flow1.15 B1.13 B1.11 B1.75 B1.97 B1.83 B
Invested Capital58.92 B59.38 B62.9 B66.23 B68.73 B71.24 B
Invested Capital Average58.49 B59.73 B62.14 B63.83 B67.85 B70.72 B
Market Capitalization14.39 B11.98 B12.16 B10.57 B11.96 B12.54 B
Tangible Asset Value56.42 B57.01 B60.47 B63.88 B66.49 B68.68 B

CNA Financial ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, CNA Financial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to CNA Financial's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About CNA Financial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CNA Financial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CNA Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CNA Financial 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.
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. CNA Financial Corporation operates as a subsidiary of Loews Corporation. Cna Financial operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 5600 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in CNA Financial without increasing your portfolio risk or giving up the 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 CNA Financial

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 CNA Financial 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 CNA Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with CNA Financial

+0.78BLKBlackRock Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to CNA Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNA Financial 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 CNA Financial - 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 CNA Financial to buy it.
The correlation of CNA Financial 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 CNA Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNA Financial 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 CNA Financial 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
Continue to CNA Financial Altman Z Score, CNA Financial Correlation, CNA Financial Valuation, as well as analyze CNA Financial Alpha and Beta and CNA Financial Hype Analysis. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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Is CNA Financial'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 CNA Financial. If investors know CNA Financial 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 CNA Financial 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
(0.50) 
Market Capitalization
11.5 B
Quarterly Revenue Growth YOY
(0.001) 
Return On Assets
0.0121
Return On Equity
0.0879
The market value of CNA Financial is measured differently than its book value, which is the value of CNA Financial that is recorded on the company's balance sheet. Investors also form their own opinion of CNA Financial's value that differs from its market value or its book value, called intrinsic value, which is CNA Financial'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 CNA Financial's market value can be influenced by many factors that don't directly affect CNA Financial'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 CNA Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine CNA Financial value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNA Financial'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.