Paylocity Piotroski F Score

PCTY
 Stock
  

USD 255.26  28.80  12.72%   

This module uses fundamental data of Paylocity Holdings to approximate its Piotroski F score. Paylocity Holdings F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Paylocity Holdings Corp. 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 Paylocity Holdings financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Paylocity Holdings Altman Z Score, Paylocity Holdings Correlation, Paylocity Holdings Valuation, as well as analyze Paylocity Holdings Alpha and Beta and Paylocity Holdings Hype Analysis.
  
Paylocity Holdings Total Debt is fairly stable at the moment as compared to the past year. Paylocity Holdings reported Total Debt of 1.41 Million in 2021. Debt Current is likely to rise to about 872.7 K in 2022, whereas Issuance Repayment of Debt Securities is likely to drop (1.4 M) in 2022. Paylocity Holdings EBITDA Margin is fairly stable at the moment as compared to the past year. Paylocity Holdings reported EBITDA Margin of 10.34 in 2021. Earnings per Basic Share is likely to rise to 1.26 in 2022, whereas Calculated Tax Rate is likely to drop (23.33)  in 2022.
At this time, it appears that Paylocity Holdings' 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 AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Paylocity Holdings Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Paylocity Holdings is to make sure Paylocity is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Paylocity Holdings' 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 Paylocity Holdings' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares45.5 M48.9 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted46.9 M50.7 M
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations121.2 M112.4 M
Significantly Up
Increasing
Slightly volatile
Total Assets2.3 B2.2 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities1.9 B1.7 B
Significantly Up
Increasing
Slightly volatile
Current AssetsB1.8 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities1.8 B1.7 B
Significantly Up
Increasing
Slightly volatile
Total Debt1.9 M1.4 M
Significantly Up
Decreasing
Slightly volatile
Return on Average Assets3.132.9
Significantly Up
Increasing
Slightly volatile
Gross Margin54.7858.95
Significantly Down
Increasing
Slightly volatile
Asset Turnover0.240.26
Significantly Down
Increasing
Slightly volatile

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

About Paylocity Holdings 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

7.22

Paylocity Holdings Book Value per Share is fairly stable at the moment as compared to the past year. Paylocity Holdings reported Book Value per Share of 6.69 in 2021

Paylocity Holdings Current Valuation Drivers

We derive many important indicators used in calculating different scores of Paylocity Holdings from analyzing Paylocity Holdings' financial statements. These drivers represent accounts that assess Paylocity Holdings' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Paylocity Holdings' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee14.85 K17.65 K17.86 K17.07 K15.36 K16.57 K
Revenue Per Employee145.2 K153.32 K155.5 K153.16 K137.85 K128.55 K
Average Assets1.16 B1.17 B1.45 B1.74 B2 B1.58 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA30.94 M73.44 M83.25 M73.01 M65.71 M70.9 M
Earnings Before Interest Taxes and Depreciation Amortization USD10.2 M28.4 M46.95 M92.61 M106.5 M114.91 M
Earnings before Tax(3.67 M)7.37 M16.75 M58.05 M66.75 M72.02 M
Average Equity114.09 M134.36 M181.06 M269.44 M309.85 M334.32 M
Enterprise Value2.11 B2.23 B2.97 B4.88 B5.61 B6.05 B
Free Cash Flow8.52 M24.16 M48.8 M76.13 M87.55 M94.46 M
Invested Capital10.12 M26.86 M55.88 M167.59 M192.73 M207.94 M
Invested Capital Average8.21 M22 M42.77 M161.33 M185.53 M200.17 M
Market Capitalization2.2 B2.33 B3.1 B4.97 B5.72 B6.17 B
Tangible Asset Value1.36 B1.11 B1.46 B1.76 B2.02 B2.18 B
Working Capital68.99 M88.04 M107.39 M140.14 M161.16 M173.89 M

About Paylocity Holdings Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Paylocity Holdings Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Paylocity Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Paylocity Holdings Corp 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.
Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company was founded in 1997 and is headquartered in Schaumburg, Illinois. Paylocity Holdings operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 4150 people.

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Please check Paylocity Holdings Altman Z Score, Paylocity Holdings Correlation, Paylocity Holdings Valuation, as well as analyze Paylocity Holdings Alpha and Beta and Paylocity Holdings Hype Analysis. Note that the Paylocity Holdings Corp information on this page should be used as a complementary analysis to other Paylocity Holdings' 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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Is Paylocity Holdings' 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 Paylocity Holdings. If investors know Paylocity 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 Paylocity Holdings 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
0.29
Market Capitalization
14.1 B
Quarterly Revenue Growth YOY
0.37
Return On Assets
0.0146
Return On Equity
0.17
The market value of Paylocity Holdings Corp is measured differently than its book value, which is the value of Paylocity that is recorded on the company's balance sheet. Investors also form their own opinion of Paylocity Holdings' value that differs from its market value or its book value, called intrinsic value, which is Paylocity Holdings' 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 Paylocity Holdings' market value can be influenced by many factors that don't directly affect Paylocity Holdings' 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 Paylocity Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Paylocity Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paylocity Holdings' 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.