National Piotroski F Score

EYE -  USA Stock  

USD 38.48  0.09  0.23%

This module uses fundamental data of National Vision to approximate its Piotroski F score. National Vision F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of National Vision Holdings. 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 National Vision financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to National Vision Altman Z Score, National Vision Correlation, National Vision Valuation, as well as analyze National Vision Alpha and Beta and National Vision Hype Analysis.

National Piotroski F Score 

 
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National Vision Debt Current is projected to increase significantly based on the last few years of reporting. The past year's Debt Current was at 7.29 Million. The current year Debt Non Current is expected to grow to about 820.7 M, whereas Issuance Repayment of Debt Securities is forecasted to decline to (7.3 M).
At this time, it appears that National Vision'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 Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
Decrease
6
Current Ratio Change
Increase
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Increase
9
Change in Gross Margin
No Change

National Vision Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to National Vision is to make sure National is not a subject of accounting manipulations and runs a healthy internal audit department. So, if National Vision'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 National Vision's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares68.9 M56.2 M
Fairly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted70.4 M57 M
Fairly Up
Increasing
Slightly volatile
Net Cash Flow from Operations126.4 M97.6 M
Significantly Up
Increasing
Slightly volatile
Total Assets1.8 B1.5 B
Fairly Up
Increasing
Slightly volatile
Total Liabilities1.2 B1.1 B
Significantly Up
Increasing
Slightly volatile
Current Assets217.8 M147.3 M
Way Up
Increasing
Slightly volatile
Current Liabilities239.5 M199.7 M
Fairly Up
Increasing
Slightly volatile
Total Debt839.7 M745.6 M
Moderately Up
Increasing
Slightly volatile
Return on Average Assets0.00920.009
Fairly Up
Decreasing
Slightly volatile
Gross Margin0.510.545
Notably Down
Decreasing
Stable
Asset Turnover0.770.796
Sufficiently Down
Increasing
Slightly volatile

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

About National Vision 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

68.85 MillionShare
National Vision 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 56.19 Million

About National Vision Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze National Vision Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of National Vision using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of National Vision Holdings 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.
National Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer in the United States. National Vision Holdings, Inc. was founded in 1990 and is headquartered in Duluth, Georgia. National Vision operates under Specialty Retail classification in the United States and is traded on NASDAQ Exchange. It employs 12792 people.

National Vision Investors Sentiment

The influence of National Vision'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 National. 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.

National Vision Implied Volatility

    
  70.07  
National Vision's implied volatility exposes the market's sentiment of National Vision Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if National Vision'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 National Vision stock will not fluctuate a lot when National Vision'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 National Vision 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, National Vision's short interest history, or implied volatility extrapolated from National Vision options trading.

Current Sentiment - EYE

National Vision Holdings Investor Sentiment

Greater number of Macroaxis users are currently bullish on National Vision Holdings. What is your trading attitude regarding investing in National Vision Holdings? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with National Vision

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

National Vision Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for National Vision and Aarons Holdings. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to National Vision Altman Z Score, National Vision Correlation, National Vision Valuation, as well as analyze National Vision Alpha and Beta and National Vision Hype Analysis. Note that the National Vision Holdings information on this page should be used as a complementary analysis to other National Vision'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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