Ipower Piotroski F Score

IPW -  USA Etf  

USD 3.48  0.56  19.18%

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

Ipower Piotroski F Score 

 
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Ipower Total Debt is fairly stable at the moment as compared to the past year. Ipower reported Total Debt of 2.68 Million in 2020. Debt Current is likely to climb to about 1.8 M in 2021, whereas Debt Non Current is likely to drop slightly above 1.1 M in 2021.
At this time, it appears that Ipower's Piotroski F Score is Inapplicable. 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..
2.0
Piotroski F Score - Inapplicable
1
Current Return On Assets
Negative
2
Change in Return on Assets
Decreased
3
Cash Flow Return on Assets
Negative
4
Current Quality of Earnings (accrual)
Decreasing
5
Asset Turnover Growth
Increase
6
Current Ratio Change
Decrease
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Increase
9
Change in Gross Margin
Increase

Ipower Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Ipower is to make sure Ipower is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Ipower'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 Ipower's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares22.9 M21.1 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted22.9 M21.1 M
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations(13.1 M)(12.8 M)
Fairly Down
Decreasing
Slightly volatile
Total Assets29.9 M35.6 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities11.3 M10.7 M
Notably Up
Increasing
Slightly volatile
Current Assets27.3 M32.3 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities9.9 MM
Significantly Up
Increasing
Slightly volatile
Total Debt2.7 M2.7 M
Fairly Up
Increasing
Slightly volatile
Return on Average Assets(0.0318)(0.031)
Fairly Down
Decreasing
Slightly volatile
Gross Margin0.440.422
Sufficiently Up
Increasing
Slightly volatile
Asset Turnover2.382.193
Significantly Up
Decreasing
Slightly volatile

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

About Ipower 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

22.93 MillionShare
Ipower Weighted Average Shares is fairly stable at the moment as compared to the past year. Ipower reported Weighted Average Shares of 21.12 Million in 2020

About Ipower Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ipower Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ipower using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ipower Inc based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
iPower Inc. supplies hydroponics equipment online in the United States. Ipower is listed under Internet Retail in the United States and is traded on NASDAQ Exchange exchange.

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Please see Ipower Altman Z Score, Ipower Correlation, Portfolio Optimization, as well as analyze Ipower Alpha and Beta and Ipower Hype Analysis. Note that the Ipower Inc information on this page should be used as a complementary analysis to other Ipower'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 Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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