Kellogg Piotroski F Score

K
 Stock
  

USD 73.89  0.82  1.12%   

This module uses fundamental data of Kellogg to approximate its Piotroski F score. Kellogg F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Kellogg Company. 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 Kellogg financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please see Kellogg Altman Z Score, Kellogg Correlation, Kellogg Valuation, as well as analyze Kellogg Alpha and Beta and Kellogg Hype Analysis.
  
Kellogg Long Term Debt to Equity is decreasing as compared to previous years. The last year's value of Long Term Debt to Equity was reported at 1.68. The current Debt to Equity Ratio is estimated to increase to 3.05, while Issuance Repayment of Debt Securities is forecasted to increase to (167.4 M). Kellogg PPandE Turnover is decreasing as compared to previous years. The last year's value of PPandE Turnover was reported at 3.77. The current Receivables Turnover is estimated to increase to 10.45, while Net Current Assets as percentage of Total Assets are forecasted to increase to (10.21) .
At this time, it appears that Kellogg'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 ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

Kellogg Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Kellogg is to make sure Kellogg is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Kellogg'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 Kellogg's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted391.6 M350 M
Moderately Up
Decreasing
Stable
Weighted Average Shares389.4 M348 M
Moderately Up
Decreasing
Stable
Return on Average Assets8.588.2269
Sufficiently Up
Decreasing
Slightly volatile
Net Cash Flow from Operations1.8 B1.7 B
Sufficiently Up
Increasing
Slightly volatile
Current Liabilities5.2 B5.3 B
Sufficiently Down
Increasing
Slightly volatile
Total Liabilities15.1 B14.5 B
Sufficiently Up
Increasing
Slightly volatile
Gross Margin37.3832.1557
Fairly Up
Decreasing
Slightly volatile
Total Debt8.2 B7.7 B
Notably Up
Increasing
Slightly volatile
Asset Turnover0.850.7862
Significantly Up
Decreasing
Slightly volatile
Current Assets3.4 B3.4 B
Slightly Down
Increasing
Slightly volatile
Total Assets18.2 B18.2 B
Slightly Down
Increasing
Slightly volatile

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

About Kellogg 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.

Net Cash Flow or Change in Cash and Cash Equivalents

(63.16 Million)

Kellogg Net Cash Flow or Change in Cash and Cash Equivalents is decreasing as compared to previous years. The last year's value of Net Cash Flow or Change in Cash and Cash Equivalents was reported at (149 Million)

Kellogg 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, Kellogg's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Kellogg's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About Kellogg Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Kellogg Company's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kellogg using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kellogg Company 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.
Kellogg Company, together with its subsidiaries, manufactures and markets snacks and convenience foods. The company was founded in 1906 and is headquartered in Battle Creek, Michigan. Kellogg operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 31000 people.

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Our tools can tell you how much better you can do entering a position in Kellogg without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please see Kellogg Altman Z Score, Kellogg Correlation, Kellogg Valuation, as well as analyze Kellogg Alpha and Beta and Kellogg Hype Analysis. You can also try Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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Is Kellogg'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 Kellogg. If investors know Kellogg 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 Kellogg 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
0.011
Market Capitalization
24.9 B
Quarterly Revenue Growth YOY
0.089
Return On Assets
0.0658
Return On Equity
38.3932
The market value of Kellogg Company is measured differently than its book value, which is the value of Kellogg that is recorded on the company's balance sheet. Investors also form their own opinion of Kellogg's value that differs from its market value or its book value, called intrinsic value, which is Kellogg'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 Kellogg's market value can be influenced by many factors that don't directly affect Kellogg'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 Kellogg's value and its price as these two are different measures arrived at by different means. Investors typically determine Kellogg value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kellogg'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.