Equity Piotroski F Score

EQR -  USA Stock  

USD 74.32  0.64  0.85%

This module uses fundamental data of Equity Residential to approximate its Piotroski F score. Equity Residential F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Equity Residential. 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 Equity Residential financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Equity Residential Altman Z Score, Equity Residential Correlation, Equity Residential Valuation, as well as analyze Equity Residential Alpha and Beta and Equity Residential Hype Analysis.
  
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Equity Residential Issuance Repayment of Debt Securities is relatively stable at the moment as compared to the past year. Equity Residential reported last year Issuance Repayment of Debt Securities of 291.45 Million. As of 05/16/2022, Long Term Debt to Equity is likely to grow to 1.11, while Total Debt is likely to drop slightly above 8.5 B. Equity Residential Book Value per Share is relatively stable at the moment as compared to the past year. Equity Residential reported last year Book Value per Share of 29.30. As of 05/16/2022, Debt to Equity Ratio is likely to grow to 0.92, while Accrued Expenses Turnover is likely to drop 7.86.
At this time, it appears that Equity Residential'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 AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeN/AFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Equity Residential Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Equity Residential is to make sure Equity is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Equity Residential'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 Equity Residential's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares401.6 M373.8 M
Notably Up
Increasing
Slightly volatile
Weighted Average Shares Diluted416.7 M388.1 M
Notably Up
Increasing
Slightly volatile
Net Cash Flow from Operations1.4 B1.3 B
Significantly Up
Increasing
Slightly volatile
Total Assets23.1 B21.2 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities9.3 B9.5 B
Fairly Down
Decreasing
Slightly volatile
Current Assets117.7 M114.7 M
Fairly Up
Decreasing
Slightly volatile
Current Liabilities411.2 M419.4 M
Fairly Down
Increasing
Stable
Total Debt8.5 B8.7 B
Fairly Down
Decreasing
Slightly volatile
Return on Average Assets0.05960.065
Significantly Down
Decreasing
Very volatile
Gross Margin0.60.615
Fairly Down
Decreasing
Stable
Asset Turnover0.130.12
Significantly Up
Increasing
Slightly volatile

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

About Equity Residential 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

401.63 Million

Share
Equity Residential Weighted Average Shares is relatively stable at the moment as compared to the past year. Equity Residential reported last year Weighted Average Shares of 373.83 Million

Equity Residential Current Valuation Drivers

We derive many important indicators used in calculating different scores of Equity Residential from analyzing Equity Residential's financial statements. These drivers represent accounts that assess Equity Residential's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Equity Residential's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee223.5 K243.53 K359.4 K350.44 K315.39 K328.25 K
Revenue Per Employee915.34 K954.98 K1 M986.41 K887.77 K794.85 K
Average Assets20.63 B20.43 B21 B20.64 B20.62 B22.79 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.74 B1.86 B2.2 B2.11 B2.46 B2.34 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.74 B1.86 B2.2 B2.11 B2.46 B2.34 B
Earnings before Tax603.93 M658.41 M968.1 M914.49 M1.33 B1.23 B
Average Equity10.27 B10.23 B10.17 B10.54 B10.59 B11.13 B
Enterprise Value32.38 B33.06 B39.29 B30.56 B42.17 B41.56 B
Free Cash Flow677.19 M986.03 M623.65 M1.94 B896.66 M1.23 B
Invested Capital29.43 B29.1 B30.42 B28.56 B29.46 B32.81 B
Invested Capital Average29.53 B29.1 B30.18 B29.16 B28.85 B32.54 B
Market Capitalization23.43 B24.32 B30.05 B22.07 B33.94 B31.86 B
Tangible Asset Value20.57 B20.39 B21.17 B20.29 B21.17 B23.09 B

About Equity Residential Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Equity Residential's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Equity Residential using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Equity Residential 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.
Equity Residential is committed to creating communities where people thrive. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver. Equity Residential operates under REITResidential classification in the United States and is traded on New York Stock Exchange. It employs 2600 people.

Equity Residential Investors Sentiment

The influence of Equity Residential'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 Equity. 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.

Equity Residential Implied Volatility

    
  58.59  
Equity Residential's implied volatility exposes the market's sentiment of Equity Residential stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Equity Residential'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 Equity Residential stock will not fluctuate a lot when Equity Residential'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 Equity Residential 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, Equity Residential's short interest history, or implied volatility extrapolated from Equity Residential options trading.

Current Sentiment - EQR

Equity Residential Investor Sentiment

Greater number of Macroaxis users are currently bullish on Equity Residential. What is your opinion about investing in Equity Residential? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with Equity Residential

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

Equity Residential Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Equity Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equity Residential 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 Equity Residential - 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 Equity Residential to buy it.
The correlation of Equity Residential 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 Equity Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equity Residential 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 Equity Residential 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 Equity Residential Altman Z Score, Equity Residential Correlation, Equity Residential Valuation, as well as analyze Equity Residential Alpha and Beta and Equity Residential Hype Analysis. Note that the Equity Residential information on this page should be used as a complementary analysis to other Equity Residential'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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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