CVS Corp Piotroski F Score

CVS
 Stock
  

USD 106.43  0.16  0.15%   

This module uses fundamental data of CVS Corp to approximate its Piotroski F score. CVS Corp F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of CVS 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 CVS Corp financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to CVS Corp Altman Z Score, CVS Corp Correlation, CVS Corp Valuation, as well as analyze CVS Corp Alpha and Beta and CVS Corp Hype Analysis.
  
As of 08/16/2022, Total Debt is likely to drop to about 63.8 B. In addition to that, Debt Current is likely to drop to about 4.7 B. CVS Corp Return on Investment is relatively stable at the moment as compared to the past year. CVS Corp reported last year Return on Investment of 9.95. As of 08/16/2022, Cash Flow Per Share is likely to grow to 14.91, while PPandE Turnover is likely to drop 19.30.
At this time, it appears that CVS 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 GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

CVS Corp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to CVS Corp is to make sure CVS Corp is not a subject of accounting manipulations and runs a healthy internal audit department. So, if CVS 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 CVS Corp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares1.2 B1.3 B
Moderately Down
Decreasing
Stable
Weighted Average Shares Diluted1.2 B1.3 B
Moderately Down
Decreasing
Stable
Net Cash Flow from Operations15.3 B18.3 B
Fairly Down
Increasing
Slightly volatile
Total Assets198.5 B233 B
Fairly Down
Increasing
Slightly volatile
Total Liabilities130.9 B157.6 B
Significantly Down
Increasing
Slightly volatile
Current Assets52.3 B60 B
Fairly Down
Increasing
Slightly volatile
Current Liabilities55 B67.8 B
Significantly Down
Increasing
Slightly volatile
Total Debt63.8 B76 B
Fairly Down
Increasing
Slightly volatile
Return on Average Assets0.0380.034
Moderately Up
Decreasing
Slightly volatile
Gross Margin0.170.178
Sufficiently Down
Decreasing
Slightly volatile
Asset Turnover1.351.258
Notably Up
Decreasing
Slightly volatile

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

About CVS 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

1.2 Billion

CVS Corp Weighted Average Shares is relatively stable at the moment as compared to the past year. CVS Corp reported last year Weighted Average Shares of 1.32 Billion

CVS Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of CVS Corp from analyzing CVS Corp's financial statements. These drivers represent accounts that assess CVS Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CVS Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee26.92 K(2.01 K)22.88 K23.86 K26.37 K21.69 K
Revenue Per Employee751.08 K659.59 K885.43 K893.24 K973.7 K790.25 K
Average Assets93.29 B149.1 B220.31 B232.44 B232.16 B194.59 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA11.8 B6.75 B16.41 B17.1 B17.45 B16.02 B
Earnings Before Interest Taxes and Depreciation Amortization USD11.8 B6.75 B16.41 B17.1 B17.45 B16.02 B
Earnings before Tax8.26 B1.41 B9 B9.75 B10.43 B9.88 B
Average Equity35.13 B42.28 B61.86 B67.84 B73.37 B65.22 B
Enterprise Value96.75 B88.05 B181.13 B167.42 B205.01 B177.75 B
Free Cash Flow6.09 B6.83 B10.39 B13.43 B15.74 B12.77 B
Invested Capital37.71 B106.61 B139.59 B135.19 B123.64 B103.59 B
Invested Capital Average37.92 B83.65 B141.19 B137.52 B131.19 B106.54 B
Market Capitalization73.44 B66.75 B96.65 B89.4 B136.18 B122.4 B
Tangible Asset Value43.05 B81.25 B109.58 B120.02 B124.85 B102.13 B
Working Capital581 M1.23 B(3 B)(5.65 B)(7.8 B)(8 B)

About CVS Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CVS Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CVS Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CVS 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.
CVS Health Corporation provides health services in the United States. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island. CVS Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 216000 people.

CVS Corp Investors Sentiment

The influence of CVS 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 CVS Corp. 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.

CVS Corp Implied Volatility

    
  27.51  
CVS Corp's implied volatility exposes the market's sentiment of CVS Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if CVS 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 CVS Corp stock will not fluctuate a lot when CVS 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 CVS 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, CVS Corp's short interest history, or implied volatility extrapolated from CVS Corp options trading.

Pair Trading with CVS 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 CVS 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 CVS Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with CVS Corp

0.72AAgilent Technologies Earnings Call  TodayPairCorr
The ability to find closely correlated positions to CVS 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 CVS 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 CVS 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 CVS Corp to buy it.
The correlation of CVS 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 CVS Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS 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 CVS 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 CVS Corp Altman Z Score, CVS Corp Correlation, CVS Corp Valuation, as well as analyze CVS Corp Alpha and Beta and CVS Corp Hype Analysis. Note that the CVS Corp information on this page should be used as a complementary analysis to other CVS 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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