HP Piotroski F Score

HPQ
 Stock
  

USD 29.64  0.22  0.74%   

This module uses fundamental data of HP to approximate its Piotroski F score. HP F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of HP Inc. 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 HP financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check HP Altman Z Score, HP Correlation, HP Valuation, as well as analyze HP Alpha and Beta and HP Hype Analysis.
  
HP Total Debt is very stable at the moment as compared to the past year. HP reported last year Total Debt of 6.74 Billion. As of 3rd of December 2022, Debt Current is likely to grow to about 1 B, while Long Term Debt to Equity is likely to drop 0.65. HP Quick Ratio is very stable at the moment as compared to the past year. HP reported last year Quick Ratio of 0.48. As of 3rd of December 2022, Current Ratio is likely to grow to 1.04, while Receivables Turnover is likely to drop 6.61.
At this time, it appears that HP'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 GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

HP Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to HP is to make sure HP is not a subject of accounting manipulations and runs a healthy internal audit department. So, if HP'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 HP's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted1.8 B1.4 B
Significantly Up
Decreasing
Slightly volatile
Weighted Average Shares1.8 B1.4 B
Significantly Up
Decreasing
Slightly volatile
Return on Average Assets17.2315.97
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations8.3 B7.4 B
Moderately Up
Decreasing
Slightly volatile
Current Liabilities38.1 B33.5 B
Fairly Up
Decreasing
Slightly volatile
Total Liabilities58.7 B46.3 B
Significantly Up
Decreasing
Slightly volatile
Gross Margin25.124.3
Sufficiently Up
Decreasing
Stable
Total Debt9.3 B6.7 B
Significantly Up
Decreasing
Slightly volatile
Asset Turnover1.361.56
Fairly Down
Increasing
Slightly volatile
Current Assets34.3 B25.5 B
Significantly Up
Decreasing
Slightly volatile
Total Assets65.9 B44.4 B
Way Up
Decreasing
Slightly volatile

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

About HP 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

1.75 Billion

HP Weighted Average Shares is very stable at the moment as compared to the past year. HP reported last year Weighted Average Shares of 1.39 Billion

HP Current Valuation Drivers

We derive many important indicators used in calculating different scores of HP from analyzing HP's financial statements. These drivers represent accounts that assess HP's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of HP's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee96.86 K56.29 K53.51 K127.51 K114.76 K123.82 K
Revenue Per Employee1.06 M1.05 M1.07 M1.24 M1.12 M893.66 K
Average Assets34.05 B32.58 B33.59 B35.85 B32.27 B45.78 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA3.85 B3.5 B4.26 B8.55 B9.83 B9.26 B
Earnings Before Interest Taxes and Depreciation Amortization USD4.36 B4.62 B4.25 B6.09 B5.48 B5.44 B
Earnings before Tax3.01 B2.52 B3.23 B7.51 B8.64 B9.32 B
Average Equity(1.75 B)(1.41 B)(1.65 B)(3.05 B)(2.74 B)(2.81 B)
Enterprise Value39.19 B25.88 B26.25 B38.63 B34.77 B37.18 B
Free Cash Flow4.15 B3.98 B3.74 B5.83 B5.24 B5.16 B
Invested Capital4.34 B2.4 B3.43 B5.9 B5.31 B5.45 B
Invested Capital Average5.35 B2.87 B3.37 B4 B3.6 B3.69 B
Market Capitalization38.2 B25.74 B24.67 B34.96 B31.46 B32.89 B
Tangible Asset Value28.65 B27.09 B28.3 B31.81 B28.63 B36.36 B
Working Capital(3.74 B)(5.12 B)(5.57 B)(6.93 B)(6.23 B)(6.4 B)

HP 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, HP's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to HP's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About HP Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze HP Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HP using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HP Inc 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.
HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. HP Inc. was founded in 19 and is headquartered in Palo Alto, California. Hp operates under Computers Phones And Devices classification in the United States and is traded on New York Stock Exchange.

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Please check HP Altman Z Score, HP Correlation, HP Valuation, as well as analyze HP Alpha and Beta and HP Hype Analysis. You can also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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Is HP'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 HP. If investors know HP 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 HP 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
30.9 B
Quarterly Revenue Growth YOY
(0.11) 
Return On Assets
0.085
The market value of HP Inc is measured differently than its book value, which is the value of HP that is recorded on the company's balance sheet. Investors also form their own opinion of HP's value that differs from its market value or its book value, called intrinsic value, which is HP'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 HP's market value can be influenced by many factors that don't directly affect HP'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 HP's value and its price as these two are different measures arrived at by different means. Investors typically determine HP value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HP'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.