Atmos Piotroski F Score

ATO
 Stock
  

USD 113.89  1.94  1.67%   

This module uses fundamental data of Atmos Energy to approximate its Piotroski F score. Atmos Energy F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Atmos Energy Corp. 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 Atmos Energy financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to Atmos Energy Altman Z Score, Atmos Energy Correlation, Atmos Energy Valuation, as well as analyze Atmos Energy Alpha and Beta and Atmos Energy Hype Analysis.
  
Atmos Energy Total Debt is quite stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 9.1 Billion. Debt Current is expected to rise to about 3 B this year, although the value of Debt Non Current will most likely fall to about 4.7 B. Atmos Energy Accounts Payable Turnover is quite stable at the moment as compared to the past year. The company's current value of Accounts Payable Turnover is estimated at 27.18. Accrued Expenses Turnover is expected to rise to 14.13 this year, although the value of Operating Margin will most likely fall to 20.47.
At this time, it appears that Atmos Energy'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 AssetsIncreasedFocus
3
Cash Flow Return on AssetsNegativeFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Atmos Energy Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Atmos Energy is to make sure Atmos is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Atmos Energy'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 Atmos Energy's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares139.6 M149.2 M
Notably Down
Increasing
Slightly volatile
Weighted Average Shares Diluted139.8 M149.3 M
Notably Down
Increasing
Slightly volatile
Net Cash Flow from Operations(1 B)(975.8 M)
Fairly Down
Decreasing
Slightly volatile
Total Assets18.3 B22.5 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities11 B13.5 B
Significantly Down
Increasing
Slightly volatile
Current Assets3.5 B3.3 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities4.4 BB
Significantly Up
Increasing
Slightly volatile
Total Debt9.1 B8.4 B
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.04290.0414
Sufficiently Up
Increasing
Slightly volatile
Gross Margin0.740.8
Significantly Down
Increasing
Slightly volatile
Asset Turnover0.230.16
Way Up
Decreasing
Slightly volatile

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

About Atmos Energy 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

139.64 Million

Atmos Energy Weighted Average Shares is quite stable at the moment as compared to the past year. The company's current value of Weighted Average Shares is estimated at 139.64 Million

Atmos Energy Current Valuation Drivers

We derive many important indicators used in calculating different scores of Atmos Energy from analyzing Atmos Energy's financial statements. These drivers represent accounts that assess Atmos Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Atmos Energy's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee130.31 K107.08 K127.78 K142.09 K127.88 K101.54 K
Revenue Per Employee673.2 K607.59 K599.37 K727.47 K836.6 K885.26 K
Average Assets11.5 B12.88 B14.83 B18.7 B21.51 B17.54 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.08 B1.14 B1.26 B1.38 B1.59 B1.4 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.08 B1.14 B1.26 B1.38 B1.59 B1.4 B
Earnings before Tax611.14 M650.31 M746.8 M819.3 M942.19 M811.09 M
Average Equity4.7 B5.56 B6.42 B7.68 B8.83 B7.01 B
Enterprise Value13.74 B17.14 B16.11 B18.34 B21.09 B17.47 B
Free Cash Flow(342.93 M)(724.71 M)(897.68 M)(3.05 B)(2.75 B)(2.82 B)
Invested Capital12.86 B15.4 B18.36 B22.58 B25.97 B20.87 B
Invested Capital Average12.7 B14.71 B17.58 B22.69 B26.1 B20.75 B
Market Capitalization10.44 B13.46 B11.79 B11.54 B13.27 B11.43 B
Tangible Asset Value11.14 B12.64 B14.63 B18.88 B21.71 B17.39 B
Working Capital(1.44 B)(751.41 M)(311.14 M)(671.64 M)(604.48 M)(652.2 M)

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

About Atmos Energy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Atmos Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Atmos Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Atmos Energy Corp 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.
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas. Atmos Energy operates under UtilitiesRegulated Gas classification in the United States and is traded on New York Stock Exchange. It employs 4684 people.

Atmos Energy Investors Sentiment

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

Atmos Energy Implied Volatility

    
  25.03  
Atmos Energy's implied volatility exposes the market's sentiment of Atmos Energy Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Atmos Energy'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 Atmos Energy stock will not fluctuate a lot when Atmos Energy'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 Atmos Energy 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, Atmos Energy's short interest history, or implied volatility extrapolated from Atmos Energy options trading.

Pair Trading with Atmos Energy

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

Moving together with Atmos Energy

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The ability to find closely correlated positions to Atmos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atmos Energy 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 Atmos Energy - 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 Atmos Energy Corp to buy it.
The correlation of Atmos Energy 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 Atmos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmos Energy Corp 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 Atmos Energy 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 Atmos Energy Altman Z Score, Atmos Energy Correlation, Atmos Energy Valuation, as well as analyze Atmos Energy Alpha and Beta and Atmos Energy Hype Analysis. Note that the Atmos Energy Corp information on this page should be used as a complementary analysis to other Atmos Energy'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Atmos Energy Corp price analysis, check to measure Atmos Energy'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 Atmos Energy is operating at the current time. Most of Atmos Energy's value examination focuses on studying past and present price action to predict the probability of Atmos Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Atmos Energy's price. Additionally, you may evaluate how the addition of Atmos Energy to your portfolios can decrease your overall portfolio volatility.
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Is Atmos Energy'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 Atmos Energy. If investors know Atmos 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 Atmos Energy 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
0.18
Market Capitalization
16.1 B
Quarterly Revenue Growth YOY
0.35
Return On Assets
0.0271
Return On Equity
0.0882
The market value of Atmos Energy Corp is measured differently than its book value, which is the value of Atmos that is recorded on the company's balance sheet. Investors also form their own opinion of Atmos Energy's value that differs from its market value or its book value, called intrinsic value, which is Atmos Energy'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 Atmos Energy's market value can be influenced by many factors that don't directly affect Atmos Energy'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 Atmos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Atmos Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmos Energy'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.