Parts Piotroski F Score

ID
 Stock
  

USD 1.85  0.46  33.09%   

This module uses fundamental data of Parts ID to approximate its Piotroski F score. Parts ID F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Parts ID. 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 Parts ID financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please see Parts ID Altman Z Score, Parts ID Correlation, Parts ID Valuation, as well as analyze Parts ID Alpha and Beta and Parts ID Hype Analysis.
  
Parts ID Debt Current is projected to decrease significantly based on the last few years of reporting. The past year's Debt Current was at 17,735.4. Parts ID Free Cash Flow per Share is projected to slightly decrease based on the last few years of reporting. The past year's Free Cash Flow per Share was at 0.032. The current year Return on Average Equity is expected to grow to 0.66, whereas Debt to Equity Ratio is forecasted to decline to (4.96) .
At this time, it appears that Parts ID's Piotroski F Score is Poor. 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..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsN/AFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Parts ID Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Parts ID is to make sure Parts is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Parts ID'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 Parts ID's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares30.9 M33.2 M
Significantly Down
Decreasing
Slightly volatile
Weighted Average Shares Diluted30.9 M33.2 M
Significantly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations10 M8.6 M
Fairly Up
Decreasing
Stable
Total Assets53.9 M52.5 M
Fairly Up
Decreasing
Slightly volatile
Total Liabilities56.9 M66.2 M
Fairly Down
Increasing
Slightly volatile
Current Assets30 M36 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities54.5 M66.2 M
Significantly Down
Increasing
Slightly volatile
Total Debt22 K17.7 K
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets(0.14)(0.14)
Steady
Decreasing
Slightly volatile
Gross Margin0.20.201
Slightly Down
Decreasing
Slightly volatile
Asset Turnover6.557.882
Significantly Down
Increasing
Slightly volatile

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

About Parts ID 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.

EBITDA Margin

(0.004105)

Parts ID EBITDA Margin is projected to slightly decrease based on the last few years of reporting. The past year's EBITDA Margin was at -0.004

About Parts ID Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Parts ID's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parts ID using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parts ID 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.
PARTS iD, Inc., a digital commerce company, primarily sells automotive parts and accessories through its proprietary platforms. The company was founded in 2008 and is based in Cranbury, New Jersey. Parts ID operates under Internet Retail classification in the United States and is traded on NYSEMKT Exchange. It employs 108 people.

Parts ID Investors Sentiment

The influence of Parts ID'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 Parts. 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.
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 Parts ID 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, Parts ID's short interest history, or implied volatility extrapolated from Parts ID 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 Parts ID 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 see Parts ID Altman Z Score, Parts ID Correlation, Parts ID Valuation, as well as analyze Parts ID Alpha and Beta and Parts ID Hype Analysis. Note that the Parts ID information on this page should be used as a complementary analysis to other Parts ID'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Parts Stock analysis

When running Parts ID price analysis, check to measure Parts ID'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 Parts ID is operating at the current time. Most of Parts ID's value examination focuses on studying past and present price action to predict the probability of Parts ID's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Parts ID's price. Additionally, you may evaluate how the addition of Parts ID to your portfolios can decrease your overall portfolio volatility.
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Is Parts ID'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 Parts ID. If investors know Parts 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 Parts ID 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
-0.78
Market Capitalization
47.3 M
Quarterly Revenue Growth YOY
-0.2
Return On Assets
-0.2
The market value of Parts ID is measured differently than its book value, which is the value of Parts that is recorded on the company's balance sheet. Investors also form their own opinion of Parts ID's value that differs from its market value or its book value, called intrinsic value, which is Parts ID'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 Parts ID's market value can be influenced by many factors that don't directly affect Parts ID'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 Parts ID's value and its price as these two are different measures arrived at by different means. Investors typically determine Parts ID value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parts ID'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.