Hdfc Bank Piotroski F Score

HDB -  USA Stock  

USD 53.80  1.16  2.20%

This module uses fundamental data of Hdfc Bank to approximate its Piotroski F score. Hdfc Bank F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Hdfc Bank. 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 Hdfc Bank financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Hdfc Bank Altman Z Score, Hdfc Bank Correlation, Hdfc Bank Valuation, as well as analyze Hdfc Bank Alpha and Beta and Hdfc Bank Hype Analysis.
  
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Hdfc Bank Issuance Repayment of Debt Securities is projected to based on the last few years of reporting. The past year's Issuance Repayment of Debt Securities was at 15.91 Billion. The current year Debt to Equity Ratio is expected to grow to 6.78, whereas Total Debt is forecasted to decline to about 1755.4 B. Hdfc Bank Asset Turnover is projected to slightly decrease based on the last few years of reporting. The past year's Asset Turnover was at 0.0414. The current year Debt to Equity Ratio is expected to grow to 6.78, whereas Book Value per Share is forecasted to decline to 1,083.
At this time, it appears that Hdfc Bank'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 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 SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Hdfc Bank Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Hdfc Bank is to make sure Hdfc Bank is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Hdfc Bank'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 Hdfc Bank's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares6.2 B6.3 B
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations1143.7 B1060 B
Significantly Up
Increasing
Slightly volatile
Total Assets8974.2 B10427 B
Fairly Down
Increasing
Slightly volatile
Total Liabilities7961.2 B9244.9 B
Fairly Down
Increasing
Slightly volatile
Total Debt1755.4 B2035.6 B
Fairly Down
Increasing
Slightly volatile
Return on Average Assets0.02140.0218
Fairly Down
Increasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.0430.0414
Sufficiently Up
Decreasing
Slightly volatile

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

About Hdfc Bank 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

6.23 Billion

Share
Hdfc Bank 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 6.31 Billion

Hdfc Bank Current Valuation Drivers

We derive many important indicators used in calculating different scores of Hdfc Bank from analyzing Hdfc Bank's financial statements. These drivers represent accounts that assess Hdfc Bank's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Hdfc Bank's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Earnings Before Interest Taxes and Depreciation Amortization EBITDA286.47 B351.75 B378.55 B453.66 B521.71 B562.89 B
Earnings Before Interest Taxes and Depreciation Amortization USD4.4 B5.08 B5.02 B6.18 B7.11 B5.79 B
Earnings before Tax276.79 B339.5 B365.75 B439.8 B505.77 B545.7 B
Average Equity1,100.11 B1,403.37 B1,762.83 B2,026.36 B2,330.31 B2,514.28 B
Enterprise Value93.99 B118.74 B86.37 B159.21 B183.09 B197.55 B
Free Cash Flow85.19 B167.13 B153.07 B904.12 B1,039.74 B1,121.83 B
Market Capitalization84.28 B100.17 B69.76 B141.86 B163.14 B176.01 B

About Hdfc Bank Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Hdfc Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hdfc Bank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hdfc Bank 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.
HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. HDFC Bank Limited was incorporated in 1994 and is based in Mumbai, India. Hdfc Bank operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 141579 people.

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Please check Hdfc Bank Altman Z Score, Hdfc Bank Correlation, Hdfc Bank Valuation, as well as analyze Hdfc Bank Alpha and Beta and Hdfc Bank Hype Analysis. Note that the Hdfc Bank information on this page should be used as a complementary analysis to other Hdfc Bank'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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