Luna Innovations Piotroski F Score

LUNA
 Stock
  

USD 7.44  0.17  2.34%   

This module uses fundamental data of Luna Innovations to approximate its Piotroski F score. Luna Innovations F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Luna Innovations Incorporated. 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 Luna Innovations financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, see Luna Innovations Altman Z Score, Luna Innovations Correlation, Luna Innovations Valuation, as well as analyze Luna Innovations Alpha and Beta and Luna Innovations Hype Analysis.
  
Luna Innovations Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 21.45 Million. The current year Debt Current is expected to grow to about 6.8 M, whereas Issuance Repayment of Debt Securities is forecasted to decline to (4.3 M). Luna Innovations Long Term Debt to Equity is projected to slightly decrease based on the last few years of reporting. The past year's Long Term Debt to Equity was at 0.14. The current year Calculated Tax Rate is expected to grow to 6.66, whereas Interest Coverage is forecasted to decline to 168.50.
At this time, it appears that Luna Innovations' 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 SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Luna Innovations Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Luna Innovations is to make sure Luna Innovations is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Luna Innovations' 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 Luna Innovations' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted26.4 M31.7 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares26 M31.7 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets1.091.058
Fairly Up
Increasing
Slightly volatile
Net Cash Flow from Operations4.8 M4.5 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities35.3 M32.7 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities52.1 M48.3 M
Significantly Up
Increasing
Slightly volatile
Gross Margin48.6958.9124
Significantly Down
Increasing
Slightly volatile
Total Debt23.1 M21.4 M
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.950.67
Significantly Up
Decreasing
Slightly volatile
Current Assets89 M82.4 M
Significantly Up
Increasing
Slightly volatile
Total Assets140.5 M130.2 M
Significantly Up
Increasing
Slightly volatile

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

About Luna Innovations 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.

Book Value per Share

2.3

Luna Innovations Book Value per Share is projected to increase slightly based on the last few years of reporting. The past year's Book Value per Share was at 2.59

Luna Innovations Current Valuation Drivers

We derive many important indicators used in calculating different scores of Luna Innovations from analyzing Luna Innovations' financial statements. These drivers represent accounts that assess Luna Innovations' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Luna Innovations' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee73.81 K56.14 K20.01 K7.7 K3.53 K3.62 K
Revenue Per Employee233.52 K218.97 K264.1 K193.56 K223.25 K204.18 K
Average Assets59.07 M69.39 M83.79 M100.77 M129.54 M139.76 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA584.15 K1.91 M4.7 M6.2 M(1.19 M)(1.22 M)
Earnings Before Interest Taxes and Depreciation Amortization USD16.21 M12.39 M6.21 M5.83 M4.51 M5.23 M
Earnings before Tax13.47 M11.05 M3.69 M2.84 M(598 K)(613.74 K)
Average Equity41.71 M56.25 M65.39 M71.38 M78.81 M64.14 M
Enterprise Value33.52 M47.64 M198.49 M278.26 M278.02 M299.97 M
Free Cash Flow(434.49 K)(3.69 M)4.26 M2.58 M3.07 M3.31 M
Invested Capital15.24 M18.32 M27.08 M74.33 M65.71 M70.9 M
Invested Capital Average16.52 M16.67 M23.97 M40.68 M74.2 M80.06 M
Market Capitalization69.02 M93.59 M219.91 M304.68 M269.81 M291.11 M
Tangible Asset Value64.5 M72.2 M65.79 M92.89 M94.08 M79.79 M
Working Capital43.98 M56.09 M41.07 M45.38 M49.76 M43.44 M

About Luna Innovations Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Luna Innovations Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Luna Innovations using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Luna Innovations Incorporated 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.
Luna Innovations Incorporated develops, manufactures, and markets fiber optic test, measurement, and control products worldwide. Luna Innovations Incorporated was incorporated in 1990 and is headquartered in Roanoke, Virginia. Luna Innovations operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. It employs 385 people.

Luna Innovations Investors Sentiment

The influence of Luna Innovations' 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 Luna Innovations. 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.
Investor biases related to Luna Innovations' public news can be used to forecast risks associated with investment in Luna Innovations. The trend in average sentiment can be used to explain how an investor holding Luna Innovations can time the market purely based on public headlines and social activities around Luna Innovations Incorporated. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Luna Innovations' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Luna Innovations' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Luna Innovations' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Luna Innovations.
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 Luna Innovations 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, Luna Innovations' short interest history, or implied volatility extrapolated from Luna Innovations options trading.

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Additionally, see Luna Innovations Altman Z Score, Luna Innovations Correlation, Luna Innovations Valuation, as well as analyze Luna Innovations Alpha and Beta and Luna Innovations Hype Analysis. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Is Luna Innovations' 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 Luna Innovations. If investors know Luna Innovations 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 Luna Innovations 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
1.77
Market Capitalization
245.2 M
Quarterly Revenue Growth YOY
0.43
Return On Assets
(0.0105) 
Return On Equity
(0.0197) 
The market value of Luna Innovations is measured differently than its book value, which is the value of Luna Innovations that is recorded on the company's balance sheet. Investors also form their own opinion of Luna Innovations' value that differs from its market value or its book value, called intrinsic value, which is Luna Innovations' 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 Luna Innovations' market value can be influenced by many factors that don't directly affect Luna Innovations' 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 Luna Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine Luna Innovations value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luna Innovations' 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.