ABM Industries Piotroski F Score

ABM
 Stock
  

USD 46.93  0.25  0.53%   

This module uses fundamental data of ABM Industries to approximate its Piotroski F score. ABM Industries F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of ABM Industries Incorporated. 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 ABM Industries financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to ABM Industries Altman Z Score, ABM Industries Correlation, ABM Industries Valuation, as well as analyze ABM Industries Alpha and Beta and ABM Industries Hype Analysis.
  
ABM Industries Debt Current is relatively stable at the moment as compared to the past year. The company's current value of Debt Current is estimated at 76 Million. Issuance Repayment of Debt Securities is expected to hike to about 138.7 M this year, although the value of Total Debt will most likely fall to nearly 962.5 M. ABM Industries Accounts Payable Turnover is relatively stable at the moment as compared to the past year. The company's current value of Accounts Payable Turnover is estimated at 45.39. Accrued Expenses Turnover is expected to hike to 27.23 this year, although the value of Calculated Tax Rate will most likely fall to 25.10.
At this time, it appears that ABM Industries' 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

ABM Industries Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to ABM Industries is to make sure ABM Industries is not a subject of accounting manipulations and runs a healthy internal audit department. So, if ABM Industries' 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 ABM Industries' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted65.6 M63.6 M
Fairly Up
Increasing
Slightly volatile
Weighted Average Shares49.1 M49.4 M
Slightly Down
Decreasing
Slightly volatile
Return on Average Assets3.032.95
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations13.2 M12 M
Significantly Up
Decreasing
Stable
Current Liabilities60.6 M56.1 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities51.8 M57.3 M
Moderately Down
Increasing
Stable
Gross Margin68.3463.94
Notably Up
Increasing
Stable
Total Debt962.5 M1.2 B
Significantly Down
Increasing
Slightly volatile
Asset Turnover0.970.89
Significantly Up
Increasing
Stable
Current Assets79.3 M84.9 M
Significantly Down
Increasing
Stable
Total Assets118.6 M126.6 M
Notably Down
Increasing
Stable

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

About ABM Industries 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

49.13 Million

ABM Industries Weighted Average Shares is relatively stable at the moment as compared to the past year. The company's current value of Weighted Average Shares is estimated at 49.13 Million

ABM Industries Current Valuation Drivers

We derive many important indicators used in calculating different scores of ABM Industries from analyzing ABM Industries' financial statements. These drivers represent accounts that assess ABM Industries' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ABM Industries' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets3.73 B3.71 B3.84 B3.98 B4.57 B4.01 B
Earnings Before Interest Taxes and Depreciation Amortization USD256.2 M318.6 M194.4 M298.3 M343.05 M293.24 M
Earnings before Tax89.6 M160.1 M53.4 M179.8 M206.77 M164.79 M
Average Equity1.44 B1.5 B1.48 B1.59 B1.83 B1.62 B
Enterprise Value3 B3.29 B3.02 B3.26 B3.75 B3.34 B
Free Cash Flow272.3 M204.4 M425 M284.4 M327.06 M264.69 M
Invested Capital1.54 B1.4 B1.37 B1.47 B1.69 B1.55 B
Invested Capital Average1.76 B1.57 B1.7 B1.3 B1.5 B1.46 B
Market Capitalization2.02 B2.42 B2.32 B2.96 B3.4 B2.92 B
Tangible Asset Value1.44 B1.56 B1.87 B1.78 B2.05 B1.86 B
Working Capital378.5 M373 M455 M115.4 M103.86 M106.59 M

About ABM Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ABM Industries Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ABM Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ABM Industries Incorporated 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.
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company was incorporated in 1985 and is based in New York, New York. ABM Industries operates under Specialty Business Services classification in the United States and is traded on New York Stock Exchange. It employs 124000 people.

Be your own money manager

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

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

Moving together with ABM Industries

The ability to find closely correlated positions to ABM Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABM Industries 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 ABM Industries - 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 ABM Industries Incorporated to buy it.
The correlation of ABM Industries 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 ABM Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABM Industries Incor 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 ABM Industries 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 ABM Industries Altman Z Score, ABM Industries Correlation, ABM Industries Valuation, as well as analyze ABM Industries Alpha and Beta and ABM Industries Hype Analysis. Note that the ABM Industries Incor information on this page should be used as a complementary analysis to other ABM Industries' 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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Is ABM Industries' 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 ABM Industries. If investors know ABM Industries 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 ABM Industries 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
0.56
Market Capitalization
3.1 B
Quarterly Revenue Growth YOY
0.27
Return On Assets
0.0492
Return On Equity
0.13
The market value of ABM Industries Incor is measured differently than its book value, which is the value of ABM Industries that is recorded on the company's balance sheet. Investors also form their own opinion of ABM Industries' value that differs from its market value or its book value, called intrinsic value, which is ABM Industries' 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 ABM Industries' market value can be influenced by many factors that don't directly affect ABM Industries' 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 ABM Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine ABM Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABM Industries' 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.