Destination Piotroski F Score

DXLG
 Stock
  

USD 4.28  0.09  2.15%   

This module uses fundamental data of Destination to approximate its Piotroski F score. Destination F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Destination XL Group. 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 Destination financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Destination Altman Z Score, Destination Correlation, Destination Valuation, as well as analyze Destination Alpha and Beta and Destination Hype Analysis.
  
The current year Debt Current is expected to grow to about 44.4 M, whereas Total Debt is forecasted to decline to about 117.8 M. Destination PPandE Turnover is projected to increase slightly based on the last few years of reporting. The past year's PPandE Turnover was at 4.28. The current year Receivables Turnover is expected to grow to 101.12, whereas Operating Margin is forecasted to decline to (2.51) .
At this time, it appears that Destination'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..
7.0
Piotroski F Score - Strong
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 GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginIncreaseFocus

Destination Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Destination is to make sure Destination is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Destination'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 Destination's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares59 M63.4 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted61.5 M68 M
Moderately Down
Increasing
Slightly volatile
Net Cash Flow from Operations47 M75.5 M
Way Down
Increasing
Slightly volatile
Total Assets291.7 M280 M
Sufficiently Up
Increasing
Slightly volatile
Total Liabilities214.6 M221.7 M
Sufficiently Down
Increasing
Slightly volatile
Current Assets131.1 M106 M
Fairly Up
Decreasing
Slightly volatile
Current Liabilities110.8 M95.5 M
Fairly Up
Increasing
Stable
Total Debt117.8 M155.6 M
Way Down
Increasing
Slightly volatile
Return on Average Assets0.08470.207
Way Down
Increasing
Slightly volatile
Gross Margin0.50.495
Fairly Up
Increasing
Slightly volatile
Asset Turnover1.791.843
Fairly Down
Increasing
Slightly volatile

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

About Destination 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

1.44

Destination Book Value per Share is projected to slightly decrease based on the last few years of reporting. The past year's Book Value per Share was at 0.92

About Destination Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Destination XL Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Destination using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Destination XL Group 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.
Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall mens clothing and shoes in the United States and Canada. Destination XL Group, Inc. was incorporated in 1976 and is headquartered in Canton, Massachusetts. Destination operates under Apparel Retail classification in the United States and is traded on NASDAQ Exchange. It employs 1353 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Destination 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 Destination

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

Moving together with Destination

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The ability to find closely correlated positions to Destination could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Destination 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 Destination - 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 Destination XL Group to buy it.
The correlation of Destination 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 Destination moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Destination XL Group 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 Destination 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 Destination Altman Z Score, Destination Correlation, Destination Valuation, as well as analyze Destination Alpha and Beta and Destination Hype Analysis. Note that the Destination XL Group information on this page should be used as a complementary analysis to other Destination'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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Is Destination'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 Destination. If investors know Destination 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 Destination 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
0.43
Market Capitalization
262.5 M
Quarterly Revenue Growth YOY
0.14
Return On Assets
0.14
Return On Equity
1.58
The market value of Destination XL Group is measured differently than its book value, which is the value of Destination that is recorded on the company's balance sheet. Investors also form their own opinion of Destination's value that differs from its market value or its book value, called intrinsic value, which is Destination'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 Destination's market value can be influenced by many factors that don't directly affect Destination'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 Destination's value and its price as these two are different measures arrived at by different means. Investors typically determine Destination value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Destination'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.