Walgreens Piotroski F Score


USD 39.13  0.94  2.35%   

This module uses fundamental data of Walgreens Boots to approximate its Piotroski F score. Walgreens Boots F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Walgreens Boots Alliance. 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 Walgreens Boots financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Walgreens Boots Altman Z Score, Walgreens Boots Correlation, Walgreens Boots Valuation, as well as analyze Walgreens Boots Alpha and Beta and Walgreens Boots Hype Analysis.
The current year Total Debt is expected to grow to about 18.5 B. The current year Debt Current is expected to grow to about 363.6 M. Walgreens Boots Interest Coverage is projected to drop slightly based on the last few years of reporting. The past year's Interest Coverage was at 4.42. The current year Long Term Debt to Equity is expected to grow to 0.34, whereas PPandE Turnover is forecasted to decline to 8.73.
At this time, it appears that Walgreens Boots' 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..
Piotroski F Score - Healthy
Current Return On AssetsPositiveFocus
Change in Return on AssetsIncreasedFocus
Cash Flow Return on AssetsPositiveFocus
Current Quality of Earnings (accrual)DecreasingFocus
Asset Turnover GrowthIncreaseFocus
Current Ratio ChangeIncreaseFocus
Long Term Debt Over Assets ChangeHigher LeverageFocus
Change In Outstending SharesIncreaseFocus
Change in Gross MarginIncreaseFocus

Walgreens Boots Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Walgreens Boots is to make sure Walgreens is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Walgreens Boots' 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 Walgreens Boots' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares1.1 B994.5 M
Significantly Up
Slightly volatile
Weighted Average Shares Diluted1.1 B996.4 M
Significantly Up
Slightly volatile
Net Cash Flow from Operations5.2 BB
Sufficiently Up
Slightly volatile
Total Assets67.3 B73.2 B
Significantly Down
Slightly volatile
Total Liabilities45.4 B52.1 B
Fairly Down
Slightly volatile
Current Assets20.4 B18.2 B
Moderately Up
Slightly volatile
Current Liabilities18.7 B19.8 B
Notably Down
Slightly volatile
Total Debt18.5 B17.1 B
Significantly Up
Slightly volatile
Return on Average Assets4.913.47
Significantly Up
Slightly volatile
Gross Margin27.024.36
Significantly Up
Asset Turnover1.991.81
Significantly Up
Slightly volatile

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

About Walgreens Boots 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

1.09 Billion

Walgreens Boots Weighted Average Shares is projected to decrease significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 994.52 Million

Walgreens Boots Current Valuation Drivers

We derive many important indicators used in calculating different scores of Walgreens Boots from analyzing Walgreens Boots' financial statements. These drivers represent accounts that assess Walgreens Boots' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Walgreens Boots' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee14.19 K11.64 K1.37 K8.07 K9.28 K10.84 K
Revenue Per Employee371.57 K400.19 K420.41 K420.66 K378.6 K352.5 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA7.8 B6.57 B2.54 B5.44 B6.25 B6.67 B

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

About Walgreens Boots Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Walgreens Boots Alliance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Walgreens Boots using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Walgreens Boots Alliance 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.
Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and beauty retail company. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois. Walgreens Boots operates under Pharmaceutical Retailers classification in the United States and is traded on NASDAQ Exchange. It employs 315000 people.

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Check out Walgreens Boots Altman Z Score, Walgreens Boots Correlation, Walgreens Boots Valuation, as well as analyze Walgreens Boots Alpha and Beta and Walgreens Boots Hype Analysis. Note that the Walgreens Boots Alliance information on this page should be used as a complementary analysis to other Walgreens Boots' 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

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