Advanced Piotroski F Score

ADES
 Stock
  

USD 2.83  0.08  2.75%   

This module uses fundamental data of Advanced Emissions to approximate its Piotroski F score. Advanced Emissions F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Advanced Emissions Solutions. 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 Advanced Emissions financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to Advanced Emissions Altman Z Score, Advanced Emissions Correlation, Advanced Emissions Valuation, as well as analyze Advanced Emissions Alpha and Beta and Advanced Emissions Hype Analysis.
  
Advanced Emissions Total Debt is relatively stable at the moment as compared to the past year. Advanced Emissions reported last year Total Debt of 4.16 Million. As of 12/05/2022, Debt Current is likely to grow to about 1 M, while Issuance Repayment of Debt Securities is likely to drop (17.6 M). Advanced Emissions Return on Investment is relatively stable at the moment as compared to the past year. Advanced Emissions reported last year Return on Investment of 1.65. As of 12/05/2022, Cash Flow Per Share is likely to grow to 1.49, while Gross Margin is likely to drop 31.08.
At this time, it appears that Advanced Emissions' 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..
6.0
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 GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Advanced Emissions Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Advanced Emissions is to make sure Advanced is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Advanced Emissions' 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 Advanced Emissions' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted17.9 M18.5 M
Sufficiently Down
Increasing
Stable
Weighted Average Shares17.7 M18.3 M
Fairly Down
Increasing
Very volatile
Return on Average Assets39.2436.3744
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations28.1 M26 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities32.3 M22.6 M
Significantly Up
Decreasing
Stable
Total Liabilities53.6 M38.1 M
Significantly Up
Decreasing
Very volatile
Gross Margin31.0834.6162
Moderately Down
Increasing
Very volatile
Total Debt4.3 M4.2 M
Fairly Up
Increasing
Stable
Asset Turnover0.670.604
Significantly Up
Decreasing
Stable
Current Assets116.9 M108.4 M
Significantly Up
Increasing
Slightly volatile
Total Assets200.1 M185.4 M
Significantly Up
Increasing
Slightly volatile

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

About Advanced Emissions 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

8.7

Advanced Emissions Book Value per Share is relatively stable at the moment as compared to the past year. Advanced Emissions reported last year Book Value per Share of 8.07

Advanced Emissions Current Valuation Drivers

We derive many important indicators used in calculating different scores of Advanced Emissions from analyzing Advanced Emissions' financial statements. These drivers represent accounts that assess Advanced Emissions' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Advanced Emissions' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee961.14 K276.98 K267.19 K(148.87 K)434.54 K407.38 K
Revenue Per Employee1.23 M187.07 K526.96 K451.54 K721.54 K823.03 K
Average Assets92.67 M102.63 M183.35 M148.96 M169.32 M149.23 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.85 M(5.92 M)(8.73 M)(34.18 M)14.01 M15.12 M
Earnings Before Interest Taxes and Depreciation Amortization USD55.84 M48.75 M62.08 M(1.33 M)85.5 M92.25 M
Earnings before Tax52.02 M45.88 M47.54 M(13.79 M)76.07 M82.08 M
Average Equity76.75 M76.37 M107.32 M87.61 M125.94 M135.88 M
Enterprise Value176.9 M178.2 M230.38 M116.83 M57.19 M58.69 M
Free Cash Flow(12.18 M)(10.36 M)49.69 M46.58 M19.3 M20.82 M
Invested Capital44.24 M169.66 M162.6 M95.12 M88.22 M83.76 M
Invested Capital Average48.69 M77.3 M178.93 M119.37 M88.39 M79.11 M
Market Capitalization203.72 M210.11 M195.18 M102.01 M124.89 M164.55 M
Tangible Asset Value81.81 M154.83 M169.63 M144.71 M185.44 M162.59 M
Working Capital30.01 M19.06 M7.74 M19.45 M85.75 M92.52 M

About Advanced Emissions Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Advanced Emissions Solutions's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advanced Emissions using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advanced Emissions Solutions 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.
Advanced Emissions Solutions, Inc., together with its subsidiaries, provides environmental technologies and specialty chemicals in the United States. Advanced Emissions Solutions, Inc. was founded in 1996 and is headquartered in Greenwood Village, Colorado. Advanced Emissions operates under Pollution Treatment Controls classification in the United States and is traded on NASDAQ Exchange. It employs 1 people.
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 Advanced Emissions 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, Advanced Emissions' short interest history, or implied volatility extrapolated from Advanced Emissions options trading.

Pair Trading with Advanced Emissions

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

Moving together with Advanced Emissions

+0.7ACTGAcacia Research Aggressive PushPairCorr
The ability to find closely correlated positions to Advanced Emissions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Emissions 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 Advanced Emissions - 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 Advanced Emissions Solutions to buy it.
The correlation of Advanced Emissions 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 Advanced Emissions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Emissions 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 Advanced Emissions 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 Advanced Emissions Altman Z Score, Advanced Emissions Correlation, Advanced Emissions Valuation, as well as analyze Advanced Emissions Alpha and Beta and Advanced Emissions Hype Analysis. Note that the Advanced Emissions information on this page should be used as a complementary analysis to other Advanced Emissions' 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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When running Advanced Emissions price analysis, check to measure Advanced Emissions' 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 Advanced Emissions is operating at the current time. Most of Advanced Emissions' value examination focuses on studying past and present price action to predict the probability of Advanced Emissions' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Advanced Emissions' price. Additionally, you may evaluate how the addition of Advanced Emissions to your portfolios can decrease your overall portfolio volatility.
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Is Advanced Emissions' 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 Advanced Emissions. If investors know Advanced 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 Advanced Emissions 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
12.28
Market Capitalization
54.1 M
Quarterly Revenue Growth YOY
(0.08) 
Return On Assets
(0.0294) 
Return On Equity
5.0E-4
The market value of Advanced Emissions is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Emissions' value that differs from its market value or its book value, called intrinsic value, which is Advanced Emissions' 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 Advanced Emissions' market value can be influenced by many factors that don't directly affect Advanced Emissions' 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 Advanced Emissions' value and its price as these two are different measures arrived at by different means. Investors typically determine Advanced Emissions value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Emissions' 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.