Simply Piotroski F Score

SMPL
 Stock
  

USD 40.05  0.63  1.60%   

This module uses fundamental data of Simply Good to approximate its Piotroski F score. Simply Good F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Simply Good Foods. 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 Simply Good financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, take a look at Simply Good Altman Z Score, Simply Good Correlation, Simply Good Valuation, as well as analyze Simply Good Alpha and Beta and Simply Good Hype Analysis.
  
Simply Good Total Debt is relatively stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 112.14 Million. Issuance Repayment of Debt Securities is expected to hike to about 24.3 M this year, although the value of Long Term Debt to Equity will most likely fall to 0.27. Simply Good Return on Invested Capital is relatively stable at the moment as compared to the past year. The company's current value of Return on Invested Capital is estimated at 0.009368. Return on Sales is expected to hike to 0.33 this year, although Enterprise Value over EBITDA will most likely fall to 11.52.
At this time, it appears that Simply Good'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..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
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 MarginIncreaseFocus

Simply Good Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Simply Good is to make sure Simply is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Simply Good'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 Simply Good's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted97.8 M100.6 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares94.5 M98.8 M
Sufficiently Down
Increasing
Slightly volatile
Return on Average Assets5.125.2369
Fairly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations96.7 M110.6 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities79.1 M102.2 M
Significantly Down
Increasing
Slightly volatile
Total Liabilities505.2 M655.6 M
Significantly Down
Increasing
Slightly volatile
Gross Margin41.9338.1252
Significantly Up
Decreasing
Slightly volatile
Total Debt112.1 M97.8 M
Fairly Up
Decreasing
Stable
Asset Turnover0.560.5652
Slightly Down
Increasing
Slightly volatile
Current Assets373.3 M351.6 M
Notably Up
Increasing
Slightly volatile
Total Assets1.7 B2.1 B
Significantly Down
Increasing
Slightly volatile

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

About Simply Good 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

16.09

Simply Good Book Value per Share is relatively stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 16.09

About Simply Good Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Simply Good Foods's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Simply Good using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Simply Good Foods 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.
The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The Simply Good Foods Company was incorporated in 2017 and is headquartered in Denver, Colorado. Simply Good operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. It employs 260 people.

Simply Good Investors Sentiment

The influence of Simply Good'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 Simply. 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 Simply Good's public news can be used to forecast risks associated with investment in Simply. The trend in average sentiment can be used to explain how an investor holding Simply can time the market purely based on public headlines and social activities around Simply Good Foods. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Simply Good's 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 Simply Good's 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 Simply Good's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Simply Good.
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 Simply Good 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, Simply Good's short interest history, or implied volatility extrapolated from Simply Good options trading.

Currently Active Assets on Macroaxis

Additionally, take a look at Simply Good Altman Z Score, Simply Good Correlation, Simply Good Valuation, as well as analyze Simply Good Alpha and Beta and Simply Good Hype Analysis. You can also try Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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Is Simply Good'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 Simply Good. If investors know Simply 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 Simply Good 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
0.58
Market Capitalization
B
Quarterly Revenue Growth YOY
0.055
Return On Assets
0.0613
Return On Equity
0.0826
The market value of Simply Good Foods is measured differently than its book value, which is the value of Simply that is recorded on the company's balance sheet. Investors also form their own opinion of Simply Good's value that differs from its market value or its book value, called intrinsic value, which is Simply Good'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 Simply Good's market value can be influenced by many factors that don't directly affect Simply Good'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 Simply Good's value and its price as these two are different measures arrived at by different means. Investors typically determine Simply Good value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simply Good'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.