Okta Piotroski F Score

OKTA
 Stock
  

USD 53.32  2.07  4.04%   

This module uses fundamental data of Okta to approximate its Piotroski F score. Okta F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Okta 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 Okta financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Okta Altman Z Score, Okta Correlation, Okta Valuation, as well as analyze Okta Alpha and Beta and Okta Hype Analysis.
  
Okta Debt Current is projected to decrease significantly based on the last few years of reporting. The past year's Debt Current was at 90.63 Million. The current year Issuance Repayment of Debt Securities is expected to grow to about 979.5 M, whereas Total Debt is forecasted to decline to about 1.1 B. Okta PPandE Turnover is projected to drop slightly based on the last few years of reporting. The past year's PPandE Turnover was at 20.27. The current year Receivables Turnover is expected to grow to 5.38, whereas Accounts Payable Turnover is forecasted to decline to 72.33.
At this time, it appears that Okta's Piotroski F Score is Poor. 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..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Okta Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Okta is to make sure Okta is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Okta'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 Okta's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted159.7 M148 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares159.7 M148 M
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations112.3 M104.1 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities1.3 B1.2 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities3.5 B3.3 B
Significantly Up
Increasing
Slightly volatile
Gross Margin64.7169.512
Significantly Down
Increasing
Slightly volatile
Total Debt1.1 B1.3 B
Fairly Down
Increasing
Slightly volatile
Asset Turnover0.210.208
Slightly Up
Decreasing
Slightly volatile
Current Assets3.3 BB
Significantly Up
Increasing
Slightly volatile
Total Assets9.9 B9.2 B
Significantly Up
Increasing
Slightly volatile

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

About Okta 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

4.29

Okta Book Value per Share is projected to increase significantly based on the last few years of reporting. The past year's Book Value per Share was at 3.98

Okta Current Valuation Drivers

We derive many important indicators used in calculating different scores of Okta from analyzing Okta's financial statements. These drivers represent accounts that assess Okta's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Okta's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(97.24 K)(80.39 K)(92.93 K)(94.66 K)(168.67 K)(181.99 K)
Revenue Per Employee221.08 K255.77 K260.71 K296.91 K258.49 K239.28 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(110.68 M)(104.74 M)(191.6 M)(197.02 M)(755.18 M)(775.06 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(70.06 M)(104.85 M)(111.62 M)(168.02 M)(151.22 M)(163.15 M)
Earnings before Tax(74.63 M)(110.17 M)(125.51 M)(210.33 M)(189.3 M)(194.28 M)
Free Cash Flow(53.84 M)(37.22 M)(6.75 M)36.27 M41.71 M45.01 M
Invested Capital(38.93 M)65.33 M499.5 M1.9 B2.19 B2.36 B
Tangible Asset Value118.85 M381.22 M952.33 M1.87 B2.16 B2.33 B
Working Capital(41.71 M)129.56 M135.01 M1.05 B1.21 B1.31 B

About Okta Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Okta Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Okta using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Okta 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.
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. Okta Inc operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 5776 people.

Okta Investors Sentiment

The influence of Okta'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 Okta. 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 Okta's public news can be used to forecast risks associated with investment in Okta. The trend in average sentiment can be used to explain how an investor holding Okta can time the market purely based on public headlines and social activities around Okta Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Okta'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 Okta'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 Okta's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Okta.

Okta Implied Volatility

    
  391.65  
Okta's implied volatility exposes the market's sentiment of Okta Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Okta'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 Okta stock will not fluctuate a lot when Okta'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 Okta 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, Okta's short interest history, or implied volatility extrapolated from Okta options trading.

Becoming a Better Investor with Macroaxis

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Please check Okta Altman Z Score, Okta Correlation, Okta Valuation, as well as analyze Okta Alpha and Beta and Okta Hype Analysis. You can also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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Is Okta'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 Okta. If investors know Okta 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 Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
8.1 B
Quarterly Revenue Growth YOY
0.43
Return On Assets
(0.05) 
Return On Equity
(0.16) 
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta'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 Okta's market value can be influenced by many factors that don't directly affect Okta'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 Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine Okta value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta'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.