Envela Piotroski F Score

ELA -  USA Stock  

USD 4.89  0.05  1.03%

This module uses fundamental data of Envela Corp to approximate its Piotroski F score. Envela Corp F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Envela 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 Envela Corp financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Envela Corp Altman Z Score, Envela Corp Correlation, Envela Corp Valuation, as well as analyze Envela Corp Alpha and Beta and Envela Corp Hype Analysis.
  
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The current year Total Debt is expected to grow to about 28.3 M. The current year Debt Current is expected to grow to about 4.7 M. Envela Corp Asset Turnover is projected to slightly decrease based on the last few years of reporting. The past year's Asset Turnover was at 2.86. The current year Debt to Equity Ratio is expected to grow to 1.17, whereas Book Value per Share is forecasted to decline to 0.82.
At this time, it appears that Envela Corp's 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 AssetsIncreasedFocus
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 ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Envela Corp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Envela Corp is to make sure Envela is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Envela 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 Envela Corp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares27.2 M31 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted27.3 M31 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations2.4 M2.8 M
Fairly Down
Decreasing
Stable
Total Assets63.9 M59.3 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities34.1 M31.6 M
Significantly Up
Increasing
Slightly volatile
Current Assets28.1 M34.4 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities8.4 M9.8 M
Fairly Down
Decreasing
Slightly volatile
Total Debt28.3 M26.2 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.220.204
Significantly Up
Increasing
Slightly volatile
Gross Margin0.220.221
Slightly Down
Increasing
Slightly volatile
Asset Turnover3.122.861
Significantly Up
Decreasing
Slightly volatile

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

About Envela 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

27.22 Million

Share
Envela Corp Weighted Average Shares is projected to increase significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 30.96 Million

Envela Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Envela Corp from analyzing Envela Corp's financial statements. These drivers represent accounts that assess Envela Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Envela Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets12.55 M12.95 M23.4 M33.47 M49.27 M39.91 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.36 M1.15 M3.81 M7.82 M11.79 M12.72 M
Earnings Before Interest Taxes and Depreciation Amortization USD2.36 M1.15 M3.81 M7.82 M11.79 M12.72 M
Earnings before Tax1.84 M718.36 K2.88 M6.47 M10.16 M10.96 M
Average Equity6.82 M8.19 M9.93 M14.7 M23.45 M18.87 M
Enterprise Value24.46 M11.9 M47.55 M150.36 M121.77 M131.38 M
Free Cash Flow(128.56 K)250.09 K(645.82 K)1.03 M(333.65 K)(342.43 K)
Invested Capital6.49 M6.73 M26.18 M41.17 M56.35 M60.8 M
Invested Capital Average6.12 M7.1 M23.9 M33.48 M48.25 M52.06 M
Market Capitalization25.07 M12.38 M36.35 M140.01 M109.58 M118.23 M
Tangible Asset Value13.31 M12.78 M22.24 M36.22 M50.1 M39.77 M
Working Capital5.33 M6.79 M13.54 M17.46 M24.57 M26.51 M

About Envela Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Envela Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Envela Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Envela 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.
Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. Envela Corporation was incorporated in 1965 and is headquartered in Irving, Texas. Envela Corp operates under Luxury Goods classification in the United States and is traded on NYSEMKT Exchange. It employs 256 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Envela Corp 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 Envela 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 Envela 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.

Envela Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Envela 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 Envela 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 Envela 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 Envela Corp to buy it.
The correlation of Envela 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela 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 Envela 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 Envela Corp Altman Z Score, Envela Corp Correlation, Envela Corp Valuation, as well as analyze Envela Corp Alpha and Beta and Envela Corp Hype Analysis. Note that the Envela Corp information on this page should be used as a complementary analysis to other Envela 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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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