Aaon Piotroski F Score

AAON
 Stock
  

USD 63.29  0.07  0.11%   

This module uses fundamental data of Aaon to approximate its Piotroski F score. Aaon F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Aaon 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 Aaon financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to Aaon Altman Z Score, Aaon Correlation, Aaon Valuation, as well as analyze Aaon Alpha and Beta and Aaon Hype Analysis.
  
Issuance Repayment of Debt Securities is expected to rise to about 49.6 M this year, although the value of Total Debt will most likely fall to about 37.1 M. Aaon Operating Margin is quite stable at the moment as compared to the past year. The company's current value of Operating Margin is estimated at 13.52. Cash and Equivalents Turnover is expected to rise to 13.40 this year, although the value of Receivables Turnover will most likely fall to 8.14.
At this time, it appears that Aaon's Piotroski F Score is Strong. 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..
8.0
Piotroski F Score - Strong
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 GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginIncreaseFocus

Aaon Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Aaon is to make sure Aaon is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Aaon'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 Aaon's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares50.1 M52.4 M
Sufficiently Down
Decreasing
Slightly volatile
Weighted Average Shares Diluted51.1 M53.7 M
Notably Down
Decreasing
Slightly volatile
Net Cash Flow from Operations69.3 M61.2 M
Moderately Up
Increasing
Slightly volatile
Total Assets520.1 M650.2 M
Significantly Down
Increasing
Slightly volatile
Total Liabilities198.5 M184 M
Significantly Up
Increasing
Slightly volatile
Current Assets199 M218.1 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities74 M86.8 M
Fairly Down
Increasing
Slightly volatile
Total Debt37.1 M46 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets0.150.109
Significantly Up
Increasing
Stable
Gross Margin0.290.258
Moderately Up
Increasing
Slightly volatile
Asset Turnover1.110.993
Moderately Up
Decreasing
Slightly volatile

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

About Aaon 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

7.23

Aaon Book Value per Share is quite stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 7.23

Aaon Current Valuation Drivers

We derive many important indicators used in calculating different scores of Aaon from analyzing Aaon's financial statements. These drivers represent accounts that assess Aaon's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aaon's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee27.37 K19.17 K23.45 K34.74 K20.39 K20.89 K
Revenue Per Employee203.53 K195.38 K204.95 K226.25 K185.53 K186.39 K
Average Assets287.55 M312.31 M346.34 M428.59 M538.54 M453.55 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA89.63 M73.16 M89.73 M127.52 M99.73 M99.59 M
Earnings Before Interest Taxes and Depreciation Amortization USD89.63 M73.16 M89.73 M127.52 M99.73 M99.59 M
Earnings before Tax74.62 M55.5 M67.03 M101.97 M69.18 M73.78 M
Average Equity224.27 M244.28 M273.41 M331.19 M405.8 M342.59 M
Enterprise Value1.9 B1.82 B2.55 B3.4 B4.06 B4.38 B
Free Cash Flow16.29 M17.6 M60.83 M61.07 M5.84 M5.99 M
Invested Capital222.38 M254.77 M267.52 M304.42 M444.08 M362.57 M
Invested Capital Average204.11 M239.26 M265.14 M288.93 M351.65 M305.47 M
Market Capitalization1.93 B1.83 B2.57 B3.48 B4.16 B4.49 B
Tangible Asset Value296.78 M304.26 M367.92 M445.74 M494.33 M429.3 M
Working Capital103.66 M93.17 M131.52 M161.22 M131.31 M124.94 M

About Aaon Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Aaon Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aaon using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aaon 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.
AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company was incorporated in 1987 and is based in Tulsa, Oklahoma. Aaon operates under Building Products Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 2881 people.

Aaon Investors Sentiment

The influence of Aaon'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 Aaon. 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.

Aaon Implied Volatility

    
  61.4  
Aaon's implied volatility exposes the market's sentiment of Aaon Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aaon'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 Aaon stock will not fluctuate a lot when Aaon'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 Aaon 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, Aaon's short interest history, or implied volatility extrapolated from Aaon options trading.

Pair Trading with Aaon

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

Moving together with Aaon

0.71APDAir Products And Fiscal Year End 3rd of November 2022 PairCorr

Moving against Aaon

0.59ARCHArch Resources Normal TradingPairCorr
The ability to find closely correlated positions to Aaon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aaon 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 Aaon - 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 Aaon Inc to buy it.
The correlation of Aaon 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 Aaon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aaon Inc 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 Aaon 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 Aaon Altman Z Score, Aaon Correlation, Aaon Valuation, as well as analyze Aaon Alpha and Beta and Aaon Hype Analysis. Note that the Aaon Inc information on this page should be used as a complementary analysis to other Aaon'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Is Aaon'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 Aaon. If investors know Aaon 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 Aaon 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
-0.21
Market Capitalization
3.4 B
Quarterly Revenue Growth YOY
0.45
Return On Assets
0.0681
Return On Equity
0.13
The market value of Aaon Inc is measured differently than its book value, which is the value of Aaon that is recorded on the company's balance sheet. Investors also form their own opinion of Aaon's value that differs from its market value or its book value, called intrinsic value, which is Aaon'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 Aaon's market value can be influenced by many factors that don't directly affect Aaon'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 Aaon's value and its price as these two are different measures arrived at by different means. Investors typically determine Aaon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aaon'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.