Championx Piotroski F Score

CHX
 Stock
  

USD 22.22  0.21  0.94%   

This module uses fundamental data of Championx Corp to approximate its Piotroski F score. Championx Corp F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Championx 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 Championx Corp financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Championx Corp Altman Z Score, Championx Corp Correlation, Championx Corp Valuation, as well as analyze Championx Corp Alpha and Beta and Championx Corp Hype Analysis.
  
Total Debt is likely to drop to about 802.7 M in 2022. Debt Current is likely to drop to about 52.9 M in 2022. Championx Corp Total Assets Per Share are fairly stable at the moment as compared to the past year. Championx Corp reported Total Assets Per Share of 17.42 in 2021. Quick Ratio is likely to rise to 1.29 in 2022, whereas Long Term Debt to Equity is likely to drop 0.36 in 2022.
At this time, it appears that Championx Corp's 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..
8.0
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)ImprovingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginIncreaseFocus

Championx Corp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Championx Corp is to make sure Championx is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Championx Corp'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 Championx Corp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares169.7 M201.6 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted174 M208.3 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations286.5 M328.2 M
Fairly Down
Increasing
Slightly volatile
Total Assets3.3 B3.5 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities1.5 B1.8 B
Fairly Down
Increasing
Slightly volatile
Current Assets1.2 B1.5 B
Significantly Down
Increasing
Slightly volatile
Current Liabilities865.7 M802.3 M
Significantly Up
Increasing
Slightly volatile
Total Debt802.7 M834.4 M
Sufficiently Down
Increasing
Slightly volatile
Return on Average Assets0.03450.032
Significantly Up
Decreasing
Slightly volatile
Gross Margin0.250.242
Sufficiently Up
Decreasing
Slightly volatile
Asset Turnover0.840.879
Sufficiently Down
Increasing
Slightly volatile

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

About Championx Corp 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

169.72 Million

Championx Corp Weighted Average Shares is fairly stable at the moment as compared to the past year. Championx Corp reported Weighted Average Shares of 201.58 Million in 2021

Championx Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Championx Corp from analyzing Championx Corp's financial statements. These drivers represent accounts that assess Championx Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Championx Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Earnings Before Interest Taxes and Depreciation Amortization EBITDA201.15 M273.01 M217.63 M(498.23 M)440.95 M475.76 M
Earnings Before Interest Taxes and Depreciation Amortization USD201.15 M273.01 M217.63 M(498.23 M)440.95 M475.76 M
Earnings before Tax87.42 M120.9 M58.39 M(764.33 M)151.74 M163.72 M
Free Cash Flow42.94 M107.17 M120.72 M274.58 M315.78 M261.19 M
Invested Capital489.62 M1.2 B1.12 B2.54 B2.21 B1.93 B
Tangible Asset Value658.02 M784.44 M773 M2.32 B2.43 B2.01 B
Working Capital290.99 M317.47 M293.76 M643.28 M658.58 M582.8 M

About Championx Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Championx Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Championx Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Championx 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.
ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. ChampionX Corporation is headquartered in The Woodlands, Texas. Championx Corp operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 7000 people.

Championx Corp Investors Sentiment

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

Championx Corp Implied Volatility

    
  289.04  
Championx Corp's implied volatility exposes the market's sentiment of Championx Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Championx Corp'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 Championx Corp stock will not fluctuate a lot when Championx Corp'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 Championx Corp 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, Championx Corp's short interest history, or implied volatility extrapolated from Championx Corp options trading.

Pair Trading with Championx Corp

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

Moving together with Championx Corp

0.8HALHalliburton Potential GrowthPairCorr
0.92MTRXMatrix Service Fiscal Year End 12th of September 2022 PairCorr
The ability to find closely correlated positions to Championx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Championx Corp 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 Championx Corp - 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 Championx Corp to buy it.
The correlation of Championx Corp 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 Championx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Championx 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 Championx Corp 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 Championx Corp Altman Z Score, Championx Corp Correlation, Championx Corp Valuation, as well as analyze Championx Corp Alpha and Beta and Championx Corp Hype Analysis. Note that the Championx Corp information on this page should be used as a complementary analysis to other Championx Corp'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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Championx Stock analysis

When running Championx Corp price analysis, check to measure Championx Corp'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 Championx Corp is operating at the current time. Most of Championx Corp's value examination focuses on studying past and present price action to predict the probability of Championx Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Championx Corp's price. Additionally, you may evaluate how the addition of Championx Corp to your portfolios can decrease your overall portfolio volatility.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Is Championx Corp'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 Championx Corp. If investors know Championx 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 Championx Corp 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
3.33
Market Capitalization
4.5 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.0502
Return On Equity
0.0982
The market value of Championx Corp is measured differently than its book value, which is the value of Championx that is recorded on the company's balance sheet. Investors also form their own opinion of Championx Corp's value that differs from its market value or its book value, called intrinsic value, which is Championx Corp'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 Championx Corp's market value can be influenced by many factors that don't directly affect Championx Corp'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 Championx Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Championx Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Championx Corp'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.