Amdocs Piotroski F Score

DOX
 Stock
  

USD 84.45  1.14  1.37%   

This module uses fundamental data of Amdocs to approximate its Piotroski F score. Amdocs F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Amdocs Limited. 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 Amdocs financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Amdocs Altman Z Score, Amdocs Correlation, Amdocs Valuation, as well as analyze Amdocs Alpha and Beta and Amdocs Hype Analysis.
  
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Amdocs Total Debt is fairly stable at the moment as compared to the past year. Amdocs reported Total Debt of 1.01 Billion in 2021. Debt Current is likely to rise to about 54.2 M in 2022, whereas Issuance Repayment of Debt Securities is likely to drop (118 M) in 2022. Amdocs Enterprise Value over EBITDA is fairly stable at the moment as compared to the past year. Amdocs reported Enterprise Value over EBITDA of 10.91 in 2021. Payout Ratio is likely to rise to 0.31 in 2022, whereas Calculated Tax Rate is likely to drop 13.17 in 2022.
At this time, it appears that Amdocs' Piotroski F Score is Healthy. 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..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
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 ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Amdocs Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Amdocs is to make sure Amdocs is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Amdocs' 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 Amdocs' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares126.6 M118.4 M
Notably Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted148.1 M145.2 M
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations942.2 M1.1 B
Fairly Down
Increasing
Slightly volatile
Total AssetsB7.5 B
Notably Down
Increasing
Slightly volatile
Total Liabilities2.9 B3.3 B
Fairly Down
Increasing
Slightly volatile
Current Assets1.9 B1.9 B
Slightly Down
Decreasing
Slightly volatile
Current Liabilities1.5 B1.5 B
Slightly Down
Increasing
Slightly volatile
Total Debt1.1 BB
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.110.12
Significantly Down
Increasing
Slightly volatile
Gross Margin0.310.31
Steady
Decreasing
Slightly volatile
Asset Turnover0.610.58
Sufficiently Up
Decreasing
Slightly volatile

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

About Amdocs 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

126.6 Million

Share
Amdocs Weighted Average Shares is fairly stable at the moment as compared to the past year. Amdocs reported Weighted Average Shares of 118.38 Million in 2021

Amdocs Current Valuation Drivers

We derive many important indicators used in calculating different scores of Amdocs from analyzing Amdocs' financial statements. These drivers represent accounts that assess Amdocs' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Amdocs' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee14.54 K19.56 K19.19 K25.33 K22.8 K19.83 K
Revenue Per Employee163.03 K166.69 K160.68 K157.81 K142.03 K141.06 K
Average Assets5.44 B5.26 B6.07 B6.64 B7.63 B7.05 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA639.53 M775.52 M793.17 M1.03 B1.19 B1.04 B
Earnings Before Interest Taxes and Depreciation Amortization USD639.53 M775.52 M793.17 M1.03 B1.19 B1.04 B
Earnings before Tax421.54 M567.89 M583.32 M814.31 M936.45 M792.89 M
Average Equity3.53 B3.47 B3.58 B3.66 B4.21 B4.19 B
Enterprise Value8.97 B8.81 B7.58 B9.81 B11.28 B10.09 B
Free Cash Flow326.1 M528.29 M452.63 M715.37 M822.67 M730.18 M
Invested Capital823.5 M945.27 M2.3 B2.24 B2.58 B2.78 B
Invested Capital Average806.02 M915.8 M1.91 B2.23 B2.57 B2.77 B
Market Capitalization9.53 B9.27 B7.74 B9.96 B11.45 B10.65 B
Tangible Asset Value2.64 B2.62 B3.47 B3.63 B4.17 B3.91 B
Working Capital425.76 M467.64 M858.38 M763.63 M687.27 M725.92 M

About Amdocs Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Amdocs Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Amdocs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Amdocs Limited 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.
Amdocs Limited, through its subsidiaries, provides software and services worldwide. Amdocs Limited was founded in 1988 and is headquartered in Chesterfield, Missouri. Amdocs operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 29000 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amdocs without increasing your portfolio risk or giving up 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 Amdocs

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

Amdocs Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Amdocs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amdocs 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 Amdocs - 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 Amdocs Limited to buy it.
The correlation of Amdocs 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 Amdocs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amdocs Limited 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 Amdocs 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 Amdocs Altman Z Score, Amdocs Correlation, Amdocs Valuation, as well as analyze Amdocs Alpha and Beta and Amdocs Hype Analysis. Note that the Amdocs Limited information on this page should be used as a complementary analysis to other Amdocs' 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Amdocs' 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 Amdocs. If investors know Amdocs 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 Amdocs 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 Amdocs Limited is measured differently than its book value, which is the value of Amdocs that is recorded on the company's balance sheet. Investors also form their own opinion of Amdocs' value that differs from its market value or its book value, called intrinsic value, which is Amdocs' 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 Amdocs' market value can be influenced by many factors that don't directly affect Amdocs' 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 Amdocs' value and its price as these two are different measures arrived at by different means. Investors typically determine Amdocs value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amdocs' 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.