AmerisourceBergen Piotroski F Score

ABC
 Stock
  

USD 169.32  1.96  1.14%   

This module uses fundamental data of AmerisourceBergen to approximate its Piotroski F score. AmerisourceBergen F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of AmerisourceBergen. 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 AmerisourceBergen financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to AmerisourceBergen Altman Z Score, AmerisourceBergen Correlation, AmerisourceBergen Valuation, as well as analyze AmerisourceBergen Alpha and Beta and AmerisourceBergen Hype Analysis.
  
AmerisourceBergen Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 7.69 Billion. The current year Debt Non Current is expected to grow to about 7.9 B, whereas Debt Current is forecasted to decline to about 268.9 M. AmerisourceBergen Interest Coverage is projected to slightly decrease based on the last few years of reporting. The past year's Interest Coverage was at 11.23. The current year Long Term Debt to Equity is expected to grow to 27.75, whereas Inventory Turnover is forecasted to decline to 13.92.
At this time, it appears that AmerisourceBergen'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 AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
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 ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

AmerisourceBergen Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to AmerisourceBergen is to make sure AmerisourceBergen is not a subject of accounting manipulations and runs a healthy internal audit department. So, if AmerisourceBergen'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 AmerisourceBergen's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted245.4 M211.2 M
Fairly Up
Decreasing
Slightly volatile
Weighted Average Shares241.6 M208.5 M
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets2.82.983
Notably Down
Decreasing
Stable
Net Cash Flow from Operations2.3 B2.7 B
Fairly Down
Increasing
Slightly volatile
Current Liabilities46.9 B43.5 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities61.3 B56.8 B
Significantly Up
Increasing
Slightly volatile
Gross Margin3.083.4773
Fairly Down
Increasing
Stable
Total Debt8.3 B7.7 B
Significantly Up
Increasing
Slightly volatile
Asset Turnover5.064.1895
Fairly Up
Decreasing
Slightly volatile
Current Assets42.7 B39.6 B
Significantly Up
Increasing
Slightly volatile
Total Assets61 B56.6 B
Significantly Up
Increasing
Slightly volatile

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

About AmerisourceBergen 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

241.62 Million

AmerisourceBergen 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 208.47 Million

AmerisourceBergen Current Valuation Drivers

We derive many important indicators used in calculating different scores of AmerisourceBergen from analyzing AmerisourceBergen's financial statements. These drivers represent accounts that assess AmerisourceBergen's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of AmerisourceBergen's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee78.97 K38.88 K(154.52 K)36.66 K38.61 K36.31 K
Revenue Per Employee8 M8.16 M8.61 M5.09 M5.42 M7.07 M
Average Assets37.68 B38.93 B41.78 B51.53 B59.26 B48.62 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.71 B1.45 B(4.87 B)2.72 B2.78 B3 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.71 B1.45 B(4.87 B)2.72 B2.45 B2.64 B
Earnings before Tax1.22 B968.34 M(5.3 B)2.22 B2 B2.15 B
Average Equity3.02 B2.96 B2.35 B(179.42 M)(161.47 M)(165.72 M)
Enterprise Value22.33 B18.66 B20.51 B29.37 B33.78 B28.54 B
Free Cash Flow1.08 B2.04 B1.87 B2.24 B2.58 B2.34 B
Invested Capital2.36 B1.71 B1.35 B5.83 B6.7 B7.23 B
Invested Capital Average2.72 B2.15 B1.71 B4.55 B5.23 B5.64 B
Market Capitalization19.95 B17.15 B19.79 B24.82 B28.54 B24.97 B
Tangible Asset Value28.06 B30.17 B35.68 B43.05 B49.51 B40.13 B
Working Capital(1.98 B)(1.45 B)(797.38 M)(2.56 B)(2.3 B)(2.36 B)

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

About AmerisourceBergen Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze AmerisourceBergen's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AmerisourceBergen using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AmerisourceBergen 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.
AmerisourceBergen Corporation sources and distributes pharmaceutical products. The company was incorporated in 2001 and is headquartered in Conshohocken, Pennsylvania. Amerisourcebergen operates under Medical Distribution classification in the United States and is traded on New York Stock Exchange. It employs 000 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in AmerisourceBergen 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 AmerisourceBergen

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

Moving together with AmerisourceBergen

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Moving against AmerisourceBergen

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The ability to find closely correlated positions to AmerisourceBergen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AmerisourceBergen 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 AmerisourceBergen - 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 AmerisourceBergen to buy it.
The correlation of AmerisourceBergen 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 AmerisourceBergen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AmerisourceBergen 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 AmerisourceBergen 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 AmerisourceBergen Altman Z Score, AmerisourceBergen Correlation, AmerisourceBergen Valuation, as well as analyze AmerisourceBergen Alpha and Beta and AmerisourceBergen Hype Analysis. Note that the AmerisourceBergen information on this page should be used as a complementary analysis to other AmerisourceBergen'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running AmerisourceBergen price analysis, check to measure AmerisourceBergen'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 AmerisourceBergen is operating at the current time. Most of AmerisourceBergen's value examination focuses on studying past and present price action to predict the probability of AmerisourceBergen's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move AmerisourceBergen's price. Additionally, you may evaluate how the addition of AmerisourceBergen to your portfolios can decrease your overall portfolio volatility.
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Is AmerisourceBergen'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 AmerisourceBergen. If investors know AmerisourceBergen 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 AmerisourceBergen 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
(0.32) 
Market Capitalization
34.7 B
Quarterly Revenue Growth YOY
0.038
Return On Assets
0.0306
Return On Equity
0.5083
The market value of AmerisourceBergen is measured differently than its book value, which is the value of AmerisourceBergen that is recorded on the company's balance sheet. Investors also form their own opinion of AmerisourceBergen's value that differs from its market value or its book value, called intrinsic value, which is AmerisourceBergen'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 AmerisourceBergen's market value can be influenced by many factors that don't directly affect AmerisourceBergen'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 AmerisourceBergen's value and its price as these two are different measures arrived at by different means. Investors typically determine AmerisourceBergen value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AmerisourceBergen'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.