Graftech Piotroski F Score

EAF
 Stock
  

USD 7.09  0.17  2.46%   

This module uses fundamental data of Graftech International to approximate its Piotroski F score. Graftech International F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Graftech International. 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 Graftech International financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Graftech International Altman Z Score, Graftech International Correlation, Graftech International Valuation, as well as analyze Graftech International Alpha and Beta and Graftech International Hype Analysis.
  
Graftech International Debt Current is projected to increase significantly based on the last few years of reporting. The past year's Debt Current was at 127,000. The current year Debt Non Current is expected to grow to about 1.2 B, whereas Issuance Repayment of Debt Securities is forecasted to decline to (410.7 M). Graftech International Long Term Debt to Equity is projected to increase significantly based on the last few years of reporting. The past year's Long Term Debt to Equity was at 39.60. The current year Calculated Tax Rate is expected to grow to 16.09, whereas Receivables Turnover is forecasted to decline to 6.13.
At this time, it appears that Graftech International'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 ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginIncreaseFocus

Graftech International Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Graftech International is to make sure Graftech is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Graftech International'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 Graftech International's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares261.2 M266.3 M
Fairly Down
Decreasing
Slightly volatile
Weighted Average Shares Diluted261.3 M266.3 M
Fairly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations494.5 M443 M
Moderately Up
Increasing
Slightly volatile
Total Assets1.5 B1.4 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities1.6 B1.4 B
Fairly Up
Increasing
Slightly volatile
Current Assets645.3 M627.9 M
Fairly Up
Increasing
Slightly volatile
Current Liabilities243.5 M234.6 M
Sufficiently Up
Increasing
Slightly volatile
Total Debt1.2 BB
Fairly Up
Increasing
Slightly volatile
Return on Average Assets0.280.276
Fairly Up
Increasing
Slightly volatile
Gross Margin0.480.479
Slightly Up
Increasing
Slightly volatile
Asset Turnover0.990.956
Sufficiently Up
Increasing
Slightly volatile

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

About Graftech International 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

261.21 Million

Graftech International Weighted Average Shares is projected to decrease significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 266.25 Million

Graftech International Current Valuation Drivers

We derive many important indicators used in calculating different scores of Graftech International from analyzing Graftech International's financial statements. These drivers represent accounts that assess Graftech International's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Graftech International's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee6.09 K615.88 K553.2 K337.11 K287.01 K309.67 K
Revenue Per Employee420.44 K1.37 M1.33 M950.21 K994.67 K788.23 K
Average Assets1.16 B1.51 B1.53 B1.43 B1.41 B1.54 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA94.47 M1.1 B1.03 B671.08 M590.88 M635.15 M
Earnings Before Interest Taxes and Depreciation Amortization USD94.47 M1.1 B1.03 B671.08 M590.88 M635.15 M
Earnings before Tax(2.8 M)903.14 M842.83 M510.05 M456.41 M478.18 M
Average Equity566.81 M(845.61 M)(691.07 M)(329.38 M)(10.12 M)(10.92 M)
Free Cash Flow7.12 M769.31 M741.43 M527.95 M385.18 M436.92 M
Invested Capital1.2 B3.11 B2.87 B2.34 B1.98 B2.27 B
Invested Capital Average1.21 B2.96 B2.87 B2.34 B1.99 B2.27 B
Tangible Asset Value1.03 B1.33 B1.36 B1.26 B1.24 B1.35 B
Working Capital202.58 M310.92 M462.37 M431.07 M393.29 M401.79 M

About Graftech International Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Graftech International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Graftech International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Graftech International 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.
GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. GrafTech International Ltd. was founded in 1886 and is headquartered in Brooklyn Heights, Ohio. Graftech International operates under Electrical Equipment Parts classification in the United States and is traded on New York Stock Exchange. It employs 1353 people.

Graftech International Investors Sentiment

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

Graftech International Implied Volatility

    
  51.43  
Graftech International's implied volatility exposes the market's sentiment of Graftech International stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Graftech International'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 Graftech International stock will not fluctuate a lot when Graftech International'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 Graftech International 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, Graftech International's short interest history, or implied volatility extrapolated from Graftech International options trading.

Pair Trading with Graftech International

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 Graftech International 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 Graftech International will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Graftech International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Graftech International 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 Graftech International - 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 Graftech International to buy it.
The correlation of Graftech International 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 Graftech International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Graftech International 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 Graftech International 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 Graftech International Altman Z Score, Graftech International Correlation, Graftech International Valuation, as well as analyze Graftech International Alpha and Beta and Graftech International Hype Analysis. Note that the Graftech International information on this page should be used as a complementary analysis to other Graftech International'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 Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Graftech International price analysis, check to measure Graftech International'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 Graftech International is operating at the current time. Most of Graftech International's value examination focuses on studying past and present price action to predict the probability of Graftech International's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Graftech International's price. Additionally, you may evaluate how the addition of Graftech International to your portfolios can decrease your overall portfolio volatility.
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Is Graftech International'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 Graftech International. If investors know Graftech 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 Graftech International 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
3.18
Market Capitalization
1.8 B
Quarterly Revenue Growth YOY
0.099
Return On Assets
0.27
Return On Equity
0.54
The market value of Graftech International is measured differently than its book value, which is the value of Graftech that is recorded on the company's balance sheet. Investors also form their own opinion of Graftech International's value that differs from its market value or its book value, called intrinsic value, which is Graftech International'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 Graftech International's market value can be influenced by many factors that don't directly affect Graftech International'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 Graftech International's value and its price as these two are different measures arrived at by different means. Investors typically determine Graftech International value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Graftech International'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.