Healthequity Piotroski F Score

HQY
 Stock
  

USD 66.75  0.06  0.09%   

This module uses fundamental data of Healthequity to approximate its Piotroski F score. Healthequity F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Healthequity. 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 Healthequity financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Healthequity Altman Z Score, Healthequity Correlation, Healthequity Valuation, as well as analyze Healthequity Alpha and Beta and Healthequity Hype Analysis.
  
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Healthequity Total Debt is fairly stable at the moment as compared to the past year. Healthequity reported Total Debt of 1.01 Billion in 2021. Debt Current is likely to rise to about 32.9 M in 2022, whereas Debt Non Current is likely to drop slightly above 973.7 M in 2022. Healthequity Quick Ratio is fairly stable at the moment as compared to the past year. Healthequity reported Quick Ratio of 1.73 in 2021. Net Current Assets as percentage of Total Assets is likely to rise to 11.13 in 2022, whereas Calculated Tax Rate is likely to drop (133.82)  in 2022.
At this time, it appears that Healthequity'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 AssetsNegativeFocus
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 ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginIncreaseFocus

Healthequity Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Healthequity is to make sure Healthequity is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Healthequity'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 Healthequity's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares72.9 M83.1 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted76.5 M83.1 M
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations117 M141 M
Significantly Down
Increasing
Slightly volatile
Total Assets3.4 B3.1 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities1.4 B1.3 B
Significantly Up
Increasing
Slightly volatile
Current Assets316.7 M351.3 M
Moderately Down
Increasing
Slightly volatile
Current Liabilities165.3 M153.2 M
Significantly Up
Increasing
Slightly volatile
Total DebtBB
Fairly Up
Increasing
Slightly volatile
Return on Average Assets(0.0144)(0.014)
Fairly Down
Increasing
Slightly volatile
Gross Margin0.630.56
Moderately Up
Increasing
Slightly volatile
Asset Turnover0.250.242
Sufficiently Up
Decreasing
Slightly volatile

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

About Healthequity 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

72.91 Million

Share
Healthequity Weighted Average Shares is fairly stable at the moment as compared to the past year. Healthequity reported Weighted Average Shares of 83.13 Million in 2021

Healthequity Current Valuation Drivers

We derive many important indicators used in calculating different scores of Healthequity from analyzing Healthequity's financial statements. These drivers represent accounts that assess Healthequity's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Healthequity's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee46.12 K64.77 K13.53 K2.9 K2.61 K2.68 K
Revenue Per Employee223.49 K251.75 K181.51 K240.73 K216.65 K201.18 K
Average Assets339.77 M465.09 M1.7 B2.65 B3.13 B3.38 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA68.42 M94.27 M123.28 M154.93 M107.02 M95.14 M
Earnings Before Interest Taxes and Depreciation Amortization USD68.42 M94.27 M123.28 M154.93 M107.02 M95.14 M
Earnings before Tax52.19 M75.82 M43.16 M4.14 M(66.74 M)(68.5 M)
Average Equity321.87 M440.87 M898.6 M1.28 B1.86 B2.01 B
Enterprise Value2.89 B3.6 B5.82 B7.22 B4.83 B4.65 B
Free Cash Flow65.86 M99.58 M72.07 M117.03 M69.38 M65.61 M
Invested Capital60.91 M35.17 M1.41 B1.16 B1.12 B1.21 B
Invested Capital Average65.25 M73.75 M804.95 M1.26 B1.14 B1.23 B
Market Capitalization3.07 B3.89 B4.68 B6.43 B4.47 B4.35 B
Tangible Asset Value280.87 M425.7 M449.07 M616.21 M488.13 M418.34 M
Working Capital244.91 M365.62 M145.36 M255.48 M198.15 M200.56 M

About Healthequity Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Healthequity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Healthequity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Healthequity 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.
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices and health savings accounts. It also provides mutual fund investment platform and online-only automated investment advisory services through Advisor, a Web-based tool. In addition, the company offers flexible spending accounts health reimbursement arrangements and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. It serves clients through a direct sales force benefits brokers and advisors and a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. The company was incorporated in 2002 and is headquartered in Draper, Utah.

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Please check Healthequity Altman Z Score, Healthequity Correlation, Healthequity Valuation, as well as analyze Healthequity Alpha and Beta and Healthequity Hype Analysis. Note that the Healthequity information on this page should be used as a complementary analysis to other Healthequity'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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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Is Healthequity'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 Healthequity. If investors know Healthequity 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 Healthequity 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
-0.96
Market Capitalization
5.6 B
Quarterly Revenue Growth YOY
0.12
Return On Assets
0.0059
Return On Equity
-0.0299
The market value of Healthequity is measured differently than its book value, which is the value of Healthequity that is recorded on the company's balance sheet. Investors also form their own opinion of Healthequity's value that differs from its market value or its book value, called intrinsic value, which is Healthequity'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 Healthequity's market value can be influenced by many factors that don't directly affect Healthequity'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 Healthequity's value and its price as these two are different measures arrived at by different means. Investors typically determine Healthequity value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Healthequity'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.