Halliburton Piotroski F Score
HAL  Stock  USD 38.87 0.98 2.59% 
Halliburton  Piotroski F Score 
At this time, it appears that Halliburton's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski FScore 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 longterm portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score  Healthy
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  Increase  Focus 
6  Current Ratio Change  Increase  Focus 
7  Long Term Debt Over Assets Change  Higher Leverage  Focus 
8  Change In Outstending Shares  Increase  Focus 
9  Change in Gross Margin  Increase  Focus 
Halliburton Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Halliburton is to make sure Halliburton is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Halliburton'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 Halliburton's financial numbers are properly reported.
Current Value  Last Year  Change From Last Year  10 Year Trend  

Weighted Average Shares Diluted  982 M  892 M 

 
Weighted Average Shares  981.1 M  892 M 

 
Return on Average Assets  7.31  6.7766 

 
Net Cash Flow from Operations  2.5 B  1.9 B 

 
Current Liabilities  4.2 B  4.3 B 

 
Total Liabilities  14.6 B  15.6 B 

 
Gross Margin  14.58  13.1808 

 
Total Debt  11 B  10.2 B 

 
Asset Turnover  0.88  0.7114 

 
Current Assets  12.4 B  9.9 B 

 
Total Assets  26.9 B  22.3 B 


Halliburton 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 Halliburton's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Halliburton in a muchoptimized way.
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About Halliburton Piotroski F Score
FScore 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 FScore binary model can help to predict the performance of low pricetobook stocks.Weighted Average Shares  981.12 Million 
Halliburton Current Valuation Drivers
We derive many important indicators used in calculating different scores of Halliburton from analyzing Halliburton's financial statements. These drivers represent accounts that assess Halliburton's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Halliburton's important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  (8.42 K)  27.6 K  (20.56 K)  (73.42 K)  36.42 K  39.3 K  
Revenue Per Employee  374.91 K  399.92 K  407.42 K  360.14 K  382.38 K  357.82 K  
Average Assets  25.27 B  25.67 B  26.51 B  21.57 B  21.21 B  22.15 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  2.83 B  3.97 B  1.07 B  (1.66 B)  2.62 B  2.96 B  
Earnings Before Interest Taxes and Depreciation Amortization USD  2.82 B  3.97 B  1.07 B  (1.66 B)  2.61 B  2.47 B  
Earnings before Tax  668 M  1.81 B  (1.12 B)  (3.22 B)  1.24 B  1.34 B  
Average Equity  8.85 B  8.93 B  9.22 B  5.55 B  5.75 B  7.64 B  
Enterprise Value  51.68 B  31.69 B  31.19 B  25.41 B  28.14 B  30.73 B  
Free Cash Flow  1.25 B  1.35 B  1.1 B  1.44 B  1.46 B  1.26 B  
Invested Capital  26.14 B  26.66 B  26.78 B  21.73 B  22.34 B  22.73 B  
Invested Capital Average  27.24 B  26.45 B  28.51 B  23.25 B  21.91 B  26.36 B  
Market Capitalization  42.64 B  23.29 B  21.48 B  16.71 B  20.47 B  23.82 B  
Tangible Asset Value  22.39 B  23.16 B  22.57 B  17.88 B  19.48 B  20.54 B  
Working Capital  5.92 B  6.35 B  6.33 B  5.05 B  5.64 B  6.22 B 
Halliburton ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower socialengagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Halliburton's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Halliburton's managers, analysts, and investors.Environment Score  Governance Score  Social Score 
About Halliburton Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Halliburton's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Halliburton using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Halliburton 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.Halliburton Company provides products and services to the energy industry worldwide. Halliburton Company was founded in 1919 and is based in Houston, Texas. Halliburton operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 40000 people.
Halliburton Investors Sentiment
The influence of Halliburton's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in Halliburton. The overall investor sentiment generally increases the direction of a stock movement in a oneyear 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 Halliburton's public news can be used to forecast risks associated with investment in Halliburton. The trend in average sentiment can be used to explain how an investor holding Halliburton can time the market purely based on public headlines and social activities around Halliburton. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Halliburton'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 Halliburton'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 Halliburton's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Halliburton.
Halliburton Implied Volatility  30.35 
Halliburton's implied volatility exposes the market's sentiment of Halliburton stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Halliburton's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Halliburton stock will not fluctuate a lot when Halliburton's options are near their expiration.
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 Halliburton 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, Halliburton's short interest history, or implied volatility extrapolated from Halliburton options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Halliburton using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Please check Halliburton Altman Z Score, Halliburton Correlation, Halliburton Valuation, as well as analyze Halliburton Alpha and Beta and Halliburton Hype Analysis. Note that the Halliburton information on this page should be used as a complementary analysis to other Halliburton's 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and riskadjusted market performance.
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When running Halliburton price analysis, check to measure Halliburton'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 Halliburton is operating at the current time. Most of Halliburton's value examination focuses on studying past and present price action to predict the probability of Halliburton's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Halliburton's price. Additionally, you may evaluate how the addition of Halliburton to your portfolios can decrease your overall portfolio volatility.
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Is Halliburton'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 Halliburton. If investors know Halliburton 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 Halliburton 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 1.3  Market Capitalization 34.4 B  Quarterly Revenue Growth YOY 0.39  Return On Assets 0.0749  Return On Equity 0.26 
The market value of Halliburton is measured differently than its book value, which is the value of Halliburton that is recorded on the company's balance sheet. Investors also form their own opinion of Halliburton's value that differs from its market value or its book value, called intrinsic value, which is Halliburton'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 Halliburton's market value can be influenced by many factors that don't directly affect Halliburton'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 Halliburton's value and its price as these two are different measures arrived at by different means. Investors typically determine Halliburton value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Halliburton'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.