GM Piotroski F Score

GM
 Stock
  

USD 40.46  0.35  0.87%   

This module uses fundamental data of GM to approximate its Piotroski F score. GM F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of General Motors. 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 GM financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check GM Altman Z Score, GM Correlation, GM Valuation, as well as analyze GM Alpha and Beta and GM Hype Analysis.
  
Issuance Repayment of Debt Securities is expected to hike to about 416.7 M this year, although the value of Total Debt will most likely fall to nearly 98.2 B. GM Accrued Expenses Turnover is relatively stable at the moment as compared to the past year. The company's current value of Accrued Expenses Turnover is estimated at 7.82. Operating Margin is expected to hike to 7.92 this year, although the value of Calculated Tax Rate will most likely fall to 21.81.
At this time, it appears that GM'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..
6.0
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 ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

GM Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to GM is to make sure GM is not a subject of accounting manipulations and runs a healthy internal audit department. So, if GM'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 GM's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted1.7 B1.5 B
Fairly Up
Decreasing
Slightly volatile
Weighted Average Shares1.6 B1.5 B
Moderately Up
Decreasing
Stable
Return on Average Assets4.244.1753
Fairly Up
Decreasing
Stable
Net Cash Flow from Operations13.5 B15.2 B
Fairly Down
Increasing
Slightly volatile
Current Liabilities68.4 B74.4 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities162.2 B185 B
Fairly Down
Increasing
Slightly volatile
Gross Margin12.1814.0767
Fairly Down
Increasing
Stable
Total Debt98.2 B109.4 B
Moderately Down
Increasing
Slightly volatile
Asset Turnover0.740.5293
Significantly Up
Decreasing
Slightly volatile
Current Assets74.3 B82.1 B
Moderately Down
Increasing
Slightly volatile
Total Assets210.9 B244.7 B
Fairly Down
Increasing
Slightly volatile

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

About GM 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.

Operating Margin

7.92

GM Operating Margin is relatively stable at the moment as compared to the past year. The company's current value of Operating Margin is estimated at 7.92

GM Current Valuation Drivers

We derive many important indicators used in calculating different scores of GM from analyzing GM's financial statements. These drivers represent accounts that assess GM's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of GM's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(21.47 K)46.32 K41.05 K41.35 K63.81 K68.85 K
Revenue Per Employee808.82 K849.99 K836.81 K788.07 K808.94 K744.37 K
Average Assets228.27 B222.6 B231.61 B239.76 B240.87 B242.7 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA21.68 B17.29 B19.32 B20.76 B23.93 B25.82 B
Earnings Before Interest Taxes and Depreciation Amortization USD20.5 B22.81 B22.4 B22.11 B25.79 B24.51 B
Earnings before Tax7.67 B8.49 B7.5 B8.2 B12.79 B13.8 B
Average Equity42.18 B36.85 B42.48 B41.95 B53.48 B52.16 B
Enterprise Value138.1 B131.12 B136.71 B150.23 B176.71 B153.56 B
Free Cash Flow(3.64 B)623 M4.33 B9.54 B7.47 B8.06 B
Invested Capital208.45 B223.63 B222.05 B239.96 B254.53 B233.28 B
Invested Capital Average213.59 B218.52 B228.51 B243.95 B250.98 B228.15 B
Market Capitalization58.22 B47.21 B52.29 B59.6 B85.12 B76.29 B
Tangible Asset Value206.63 B221.76 B222.7 B229.96 B239.63 B236.7 B
Working Capital(8.15 B)(6.94 B)(9.91 B)1.01 B7.7 B8.3 B

GM ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, GM's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to GM's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About GM Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze General Motors's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GM using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of General Motors 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.
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. General Motors Company was founded in 1908 and is headquartered in Detroit, Michigan. GM operates under Auto Manufacturers classification in the United States and is traded on New York Stock Exchange. It employs 157000 people.

GM Investors Sentiment

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

GM Implied Volatility

    
  38.08  
GM's implied volatility exposes the market's sentiment of General Motors stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if GM'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 GM stock will not fluctuate a lot when GM'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 GM 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, GM's short interest history, or implied volatility extrapolated from GM options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as General Motors using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check GM Altman Z Score, GM Correlation, GM Valuation, as well as analyze GM Alpha and Beta and GM Hype Analysis. 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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When running General Motors price analysis, check to measure GM'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 GM is operating at the current time. Most of GM's value examination focuses on studying past and present price action to predict the probability of GM's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GM's price. Additionally, you may evaluate how the addition of GM to your portfolios can decrease your overall portfolio volatility.
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Is GM'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 GM. If investors know GM 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 GM 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
0.39
Market Capitalization
57.5 B
Quarterly Revenue Growth YOY
0.56
Return On Assets
0.0301
Return On Equity
0.15
The market value of General Motors is measured differently than its book value, which is the value of GM that is recorded on the company's balance sheet. Investors also form their own opinion of GM's value that differs from its market value or its book value, called intrinsic value, which is GM'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 GM's market value can be influenced by many factors that don't directly affect GM'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 GM's value and its price as these two are different measures arrived at by different means. Investors typically determine GM value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GM'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.