Diamond Piotroski F Score

DHIL
 Stock
  

USD 176.74  4.83  2.66%   

This module uses fundamental data of Diamond Hill to approximate its Piotroski F score. Diamond Hill F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Diamond Hill Inv. 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 Diamond Hill financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Diamond Hill Altman Z Score, Diamond Hill Correlation, Diamond Hill Valuation, as well as analyze Diamond Hill Alpha and Beta and Diamond Hill Hype Analysis.
  
Debt to Equity Ratio is expected to hike to 0.46 this year. Diamond Hill Cash Flow Per Share is relatively stable at the moment as compared to the past year. The company's current value of Cash Flow Per Share is estimated at 9.23. Revenue to Assets is expected to hike to 0.89 this year, although the value of Receivables Turnover will most likely fall to 8.06.
At this time, it appears that Diamond Hill's Piotroski F Score is Poor. 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..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeN/AFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

Diamond Hill Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Diamond Hill is to make sure Diamond is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Diamond Hill'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 Diamond Hill's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares3.6 M3.2 M
Moderately Up
Increasing
Slightly volatile
Weighted Average Shares Diluted3.6 M3.2 M
Moderately Up
Increasing
Slightly volatile
Net Cash Flow from Operations36.4 M26.3 M
Significantly Up
Increasing
Slightly volatile
Total Assets256.1 M286.2 M
Moderately Down
Increasing
Slightly volatile
Total Liabilities72.3 M84 M
Fairly Down
Increasing
Slightly volatile
Current Assets83 M101 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities37.8 M46.6 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets0.250.258
Sufficiently Down
Decreasing
Slightly volatile
Gross Margin0.650.596
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.720.634
Moderately Up
Decreasing
Slightly volatile

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

About Diamond Hill 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

51.62

Diamond Hill Book Value per Share is relatively stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 51.62

Diamond Hill Current Valuation Drivers

We derive many important indicators used in calculating different scores of Diamond Hill from analyzing Diamond Hill's financial statements. These drivers represent accounts that assess Diamond Hill's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Diamond Hill's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee423.63 K379.01 K426.04 K305.99 K579.69 K625.46 K
Revenue Per Employee1.23 M1.17 M1.06 M1 M1.42 M1.18 M
Average Assets236.58 M317.98 M290.92 M257.28 M287.53 M252.83 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA80.29 M67.2 M74.81 M53.61 M101.53 M87.43 M
Earnings Before Interest Taxes and Depreciation Amortization USD80.29 M67.2 M74.81 M53.61 M101.53 M87.43 M
Earnings before Tax79.41 M66.05 M73.65 M52.62 M100.25 M86.33 M
Average Equity171.23 M204.38 M211.05 M195.27 M204.21 M180.12 M
Enterprise Value627.07 M424.18 M357.23 M354.43 M517.46 M518.95 M
Free Cash Flow59.81 M27.35 M56.26 M57.32 M25.21 M35.27 M
Invested Capital173.79 M241.3 M179.49 M164.62 M205.6 M180.06 M
Invested Capital Average162.51 M237.47 M186.99 M151.06 M200.76 M173.67 M
Market Capitalization716.96 M524.8 M475.34 M472.18 M616.04 M610.95 M
Tangible Asset Value250.39 M325.73 M272.66 M263.1 M286.15 M256.13 M

About Diamond Hill Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Diamond Hill Inv's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Diamond Hill using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Diamond Hill Inv 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.
Diamond Hill Investment Group, Inc., through its subsidiary, Diamond Hill Capital Management, Inc., provides investment advisory and fund administration services in the United States. The company was founded in 1990 and is based in Columbus, Ohio. Diamond Hill operates under Asset Management classification in the United States and is traded on NASDAQ Exchange. It employs 128 people.

Diamond Hill Investors Sentiment

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

Pair Trading with Diamond Hill

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

Moving together with Diamond Hill

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0.62BCORBlucora Earnings Call  TodayPairCorr
The ability to find closely correlated positions to Diamond Hill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Hill 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 Diamond Hill - 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 Diamond Hill Inv to buy it.
The correlation of Diamond Hill 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 Diamond Hill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Hill Inv 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 Diamond Hill 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 Diamond Hill Altman Z Score, Diamond Hill Correlation, Diamond Hill Valuation, as well as analyze Diamond Hill Alpha and Beta and Diamond Hill Hype Analysis. Note that the Diamond Hill Inv information on this page should be used as a complementary analysis to other Diamond Hill'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 Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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Is Diamond Hill'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 Diamond Hill. If investors know Diamond 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 Diamond Hill 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
-0.73
Market Capitalization
547.7 M
Quarterly Revenue Growth YOY
-0.13
Return On Assets
0.2
Return On Equity
0.25
The market value of Diamond Hill Inv is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Hill's value that differs from its market value or its book value, called intrinsic value, which is Diamond Hill'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 Diamond Hill's market value can be influenced by many factors that don't directly affect Diamond Hill'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 Diamond Hill's value and its price as these two are different measures arrived at by different means. Investors typically determine Diamond Hill value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Hill'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.