Cadiz Piotroski F Score

CDZI
 Stock
  

USD 2.03  0.15  6.88%   

This module uses fundamental data of Cadiz to approximate its Piotroski F score. Cadiz F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Cadiz Inc. 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 Cadiz financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Cadiz Altman Z Score, Cadiz Correlation, Cadiz Valuation, as well as analyze Cadiz Alpha and Beta and Cadiz Hype Analysis.
  
Cadiz Debt Non Current is most likely to increase significantly in the upcoming years. The last year's value of Debt Non Current was reported at 68.59 Million. The current Long Term Debt to Equity is estimated to increase to 1.90, while Issuance Repayment of Debt Securities is projected to decrease to (28.2 M). Cadiz Receivables Turnover is most likely to slightly grow in the upcoming years. The last year's value of Receivables Turnover was reported at 3.47. The current Cash and Equivalents Turnover is estimated to increase to 0.07, while Accounts Payable Turnover is projected to decrease to 1.22.
At this time, it appears that Cadiz's Piotroski F Score is Frail. 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..
2.0
Piotroski F Score - Frail
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsNegativeFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Cadiz Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Cadiz is to make sure Cadiz is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Cadiz'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 Cadiz's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted43.8 M40.6 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares43.8 M40.6 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities2.7 M2.5 M
Notably Up
Increasing
Slightly volatile
Total Liabilities81.5 M71.9 M
Moderately Up
Increasing
Slightly volatile
Gross Margin(12.25)(11.35)
Significantly Down
Increasing
Slightly volatile
Total Debt95.1 M68.7 M
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.0080.006
Significantly Up
Decreasing
Slightly volatile
Current Assets11.6 M13.2 M
Fairly Down
Increasing
Slightly volatile
Total Assets121.4 M112.5 M
Significantly Up
Increasing
Slightly volatile

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

About Cadiz 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

1.08

Cadiz Book Value per Share is most likely to increase slightly in the upcoming years. The last year's value of Book Value per Share was reported at 1.00

Cadiz Current Valuation Drivers

We derive many important indicators used in calculating different scores of Cadiz from analyzing Cadiz's financial statements. These drivers represent accounts that assess Cadiz's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Cadiz's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(3.39 M)(2.92 M)(3.28 M)(3.77 M)(3.12 M)(3.37 M)
Revenue Per Employee43.7 K48.89 K49 K53.95 K56.4 K59.73 K
Average Assets67.4 M69.8 M75.42 M73.19 M105.95 M94.59 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(15.87 M)(10.96 M)(11.92 M)(23.73 M)(18.49 M)(19.95 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(15.82 M)(10.74 M)(12.19 M)(25.9 M)(19.41 M)(20.95 M)
Earnings before Tax(33.86 M)(26.27 M)(29.52 M)(37.81 M)(31.24 M)(33.71 M)
Average Equity(70.83 M)(80.75 M)(82.49 M)(22.92 M)17.4 M18.78 M
Enterprise Value444.2 M382.32 M439.14 M463.13 M216.19 M289.34 M
Free Cash Flow(11.47 M)(13.92 M)(15.31 M)(19.16 M)(38.18 M)(39.19 M)
Invested Capital168.35 M199.51 M205.73 M155.97 M162.63 M174.36 M
Invested Capital Average169.59 M193.26 M205.12 M149.56 M168.56 M174.82 M
Market Capitalization324.93 M252.53 M297.59 M378.54 M168.51 M210.1 M
Tangible Asset Value62.69 M65.5 M72.91 M70.55 M108.68 M95.11 M
Working Capital6.99 M8.86 M11.31 M4.9 M10.7 M10.34 M

About Cadiz Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Cadiz Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cadiz using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cadiz Inc 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.
Cadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States. Cadiz Inc. was founded in 1983 and is headquartered in Los Angeles, California. Cadiz operates under UtilitiesRegulated Water classification in the United States and is traded on NASDAQ Exchange. It employs 10 people.

Cadiz Investors Sentiment

The influence of Cadiz'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 Cadiz. 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 Cadiz's public news can be used to forecast risks associated with investment in Cadiz. The trend in average sentiment can be used to explain how an investor holding Cadiz can time the market purely based on public headlines and social activities around Cadiz Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Cadiz'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 Cadiz'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 Cadiz's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cadiz.
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 Cadiz 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, Cadiz's short interest history, or implied volatility extrapolated from Cadiz options trading.

Pair Trading with Cadiz

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

Moving together with Cadiz

+0.82COSMCosmos Holdings TrendingPairCorr

Moving against Cadiz

-0.84AZPNAspen Technology Sell-off TrendPairCorr
The ability to find closely correlated positions to Cadiz could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cadiz 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 Cadiz - 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 Cadiz Inc to buy it.
The correlation of Cadiz 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 Cadiz moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cadiz Inc 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 Cadiz 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 Cadiz Altman Z Score, Cadiz Correlation, Cadiz Valuation, as well as analyze Cadiz Alpha and Beta and Cadiz Hype Analysis. Note that the Cadiz Inc information on this page should be used as a complementary analysis to other Cadiz'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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Cadiz Stock analysis

When running Cadiz Inc price analysis, check to measure Cadiz'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 Cadiz is operating at the current time. Most of Cadiz's value examination focuses on studying past and present price action to predict the probability of Cadiz's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cadiz's price. Additionally, you may evaluate how the addition of Cadiz to your portfolios can decrease your overall portfolio volatility.
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Is Cadiz'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 Cadiz. If investors know Cadiz 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 Cadiz listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
113.3 M
Quarterly Revenue Growth YOY
3.22
Return On Assets
(0.09) 
Return On Equity
(0.60) 
The market value of Cadiz Inc is measured differently than its book value, which is the value of Cadiz that is recorded on the company's balance sheet. Investors also form their own opinion of Cadiz's value that differs from its market value or its book value, called intrinsic value, which is Cadiz'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 Cadiz's market value can be influenced by many factors that don't directly affect Cadiz'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 Cadiz's value and its price as these two are different measures arrived at by different means. Investors typically determine Cadiz value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cadiz'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.