Atmos Piotroski F Score
ATO  Stock  USD 113.89 1.94 1.67% 
Atmos  Piotroski F Score 
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 FScore 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 longterm 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 Assets  Positive  Focus 
2  Change in Return on Assets  Increased  Focus 
3  Cash Flow Return on Assets  Negative  Focus 
4  Current Quality of Earnings (accrual)  Decreasing  Focus 
5  Asset Turnover Growth  Increase  Focus 
6  Current Ratio Change  Decrease  Focus 
7  Long Term Debt Over Assets Change  Higher Leverage  Focus 
8  Change In Outstending Shares  Decrease  Focus 
9  Change in Gross Margin  No Change  Focus 
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 Value  Last Year  Change From Last Year  10 Year Trend  

Weighted Average Shares  139.6 M  149.2 M 

 
Weighted Average Shares Diluted  139.8 M  149.3 M 

 
Net Cash Flow from Operations  (1 B)  (975.8 M) 

 
Total Assets  18.3 B  22.5 B 

 
Total Liabilities  11 B  13.5 B 

 
Current Assets  3.5 B  3.3 B 

 
Current Liabilities  4.4 B  4 B 

 
Total Debt  9.1 B  8.4 B 

 
Return on Average Assets  0.0429  0.0414 

 
Gross Margin  0.74  0.8 

 
Asset Turnover  0.23  0.16 


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 muchoptimized way.
Click cells to compare fundamentals
About Atmos Energy Piotroski F Score
FScore 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 FScore binary model can help to predict the performance of low pricetobook stocks.Weighted Average Shares  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.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  130.31 K  107.08 K  127.78 K  142.09 K  127.88 K  101.54 K  
Revenue Per Employee  673.2 K  607.59 K  599.37 K  727.47 K  836.6 K  885.26 K  
Average Assets  11.5 B  12.88 B  14.83 B  18.7 B  21.51 B  17.54 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  1.08 B  1.14 B  1.26 B  1.38 B  1.59 B  1.4 B  
Earnings Before Interest Taxes and Depreciation Amortization USD  1.08 B  1.14 B  1.26 B  1.38 B  1.59 B  1.4 B  
Earnings before Tax  611.14 M  650.31 M  746.8 M  819.3 M  942.19 M  811.09 M  
Average Equity  4.7 B  5.56 B  6.42 B  7.68 B  8.83 B  7.01 B  
Enterprise Value  13.74 B  17.14 B  16.11 B  18.34 B  21.09 B  17.47 B  
Free Cash Flow  (342.93 M)  (724.71 M)  (897.68 M)  (3.05 B)  (2.75 B)  (2.82 B)  
Invested Capital  12.86 B  15.4 B  18.36 B  22.58 B  25.97 B  20.87 B  
Invested Capital Average  12.7 B  14.71 B  17.58 B  22.69 B  26.1 B  20.75 B  
Market Capitalization  10.44 B  13.46 B  11.79 B  11.54 B  13.27 B  11.43 B  
Tangible Asset Value  11.14 B  12.64 B  14.63 B  18.88 B  21.71 B  17.39 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 socialengagement 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 decisionmaking process regarding taking a position in Atmos. The overall investor sentiment generally increases the direction of a stock movement in a oneyear 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
0.71  AES  Aes Corp  Upward Rally  PairCorr  
0.75  D  Dominion Resources  Earnings Call Tomorrow  PairCorr 
The ability to find closely correlated positions to Atmos Energy could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough 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 riskadjusted return on your portfolios.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.
Complementary Tools for Atmos Stock analysis
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.