BG Foods Piotroski F Score

BGS
 Stock
  

USD 12.47  0.26  2.04%   

This module uses fundamental data of BG Foods to approximate its Piotroski F score. BG Foods F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of BG Foods. 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 BG Foods financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to BG Foods Altman Z Score, BG Foods Correlation, BG Foods Valuation, as well as analyze BG Foods Alpha and Beta and BG Foods Hype Analysis.
  
BG Foods Long Term Debt to Equity is relatively stable at the moment as compared to the past year. BG Foods reported last year Long Term Debt to Equity of 2.46. As of 12/09/2022, Debt to Equity Ratio is likely to grow to 2.62, while Total Debt is likely to drop slightly above 2.1 B. BG Foods Return on Investment is relatively stable at the moment as compared to the past year. BG Foods reported last year Return on Investment of 6.17. As of 12/09/2022, Total Assets Per Share is likely to grow to 57.59, while Receivables Turnover is likely to drop 14.54.
At this time, it appears that BG Foods' 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..
7.0
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 SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

BG Foods Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to BG Foods is to make sure BG Foods is not a subject of accounting manipulations and runs a healthy internal audit department. So, if BG Foods' 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 BG Foods' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted69.7 M65.7 M
Notably Up
Increasing
Slightly volatile
Weighted Average Shares69.3 M65.1 M
Notably Up
Increasing
Slightly volatile
Return on Average Assets4.41.7736
Way Up
Decreasing
Very volatile
Net Cash Flow from Operations69.3 M93.9 M
Way Down
Decreasing
Very volatile
Current Liabilities234.6 M244.3 M
Sufficiently Down
Increasing
Slightly volatile
Total Liabilities2.9 B2.9 B
Fairly Up
Increasing
Slightly volatile
Gross Margin25.7721.2505
Fairly Up
Decreasing
Slightly volatile
Total Debt2.1 B2.3 B
Significantly Down
Increasing
Slightly volatile
Asset Turnover0.550.5429
Fairly Up
Decreasing
Stable
Current Assets905.8 M834.5 M
Significantly Up
Increasing
Slightly volatile
Total Assets3.9 B3.8 B
Fairly Up
Increasing
Slightly volatile

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

About BG Foods 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

69.25 Million

BG Foods Weighted Average Shares is relatively stable at the moment as compared to the past year. BG Foods reported last year Weighted Average Shares of 65.09 Million

About BG Foods Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze BG Foods's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BG Foods using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BG Foods 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.
BG Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. BG Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey. BG Foods operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 3096 people.

Be your own money manager

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

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

Moving together with BG Foods

+0.84PHVSPharvaris BV TrendingPairCorr

Moving against BG Foods

-0.61JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr
-0.56TATT Inc Sell-off TrendPairCorr
The ability to find closely correlated positions to BG Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BG Foods 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 BG Foods - 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 BG Foods to buy it.
The correlation of BG Foods 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 BG Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BG Foods 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 BG Foods 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
Continue to BG Foods Altman Z Score, BG Foods Correlation, BG Foods Valuation, as well as analyze BG Foods Alpha and Beta and BG Foods Hype Analysis. Note that the BG Foods information on this page should be used as a complementary analysis to other BG Foods' 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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running BG Foods price analysis, check to measure BG Foods' 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 BG Foods is operating at the current time. Most of BG Foods' value examination focuses on studying past and present price action to predict the probability of BG Foods' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BG Foods' price. Additionally, you may evaluate how the addition of BG Foods to your portfolios can decrease your overall portfolio volatility.
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Is BG Foods' 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 BG Foods. If investors know BG Foods 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 BG Foods 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
(0.99) 
Market Capitalization
912.3 M
Quarterly Revenue Growth YOY
0.026
Return On Assets
0.0285
Return On Equity
(0.0484) 
The market value of BG Foods is measured differently than its book value, which is the value of BG Foods that is recorded on the company's balance sheet. Investors also form their own opinion of BG Foods' value that differs from its market value or its book value, called intrinsic value, which is BG Foods' 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 BG Foods' market value can be influenced by many factors that don't directly affect BG Foods' 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 BG Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine BG Foods value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BG Foods' 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.