Ag Growth International Stock Piotroski F Score

AFN Stock  CAD 48.01  2.09  4.17%   
This module uses fundamental data of Ag Growth to approximate its Piotroski F score. Ag Growth F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Ag Growth International. 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 Ag Growth financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ag Growth International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, Ag Growth's Interest Debt Per Share is very stable compared to the past year. As of the 8th of January 2025, Debt Equity Ratio is likely to grow to 2.57, while Long Term Debt is likely to drop about 586.2 M. At this time, Ag Growth's POCF Ratio is very stable compared to the past year. As of the 8th of January 2025, Interest Coverage is likely to grow to 3.83, while Price To Sales Ratio is likely to drop 0.68.
At this time, it appears that Ag Growth's Piotroski F Score is Inapplicable. 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..
8.0
Piotroski F Score - Inapplicable
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

Ag Growth Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Ag Growth is to make sure AFN is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Ag Growth'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 Ag Growth's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.560.83
Way Down
Pretty Stable
Gross Profit Margin0.360.3138
Fairly Up
Pretty Stable
Net Debt985.7 M938.7 M
Sufficiently Up
Slightly volatile
Total Current Liabilities661.7 M630.2 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total952.7 M907.3 M
Sufficiently Up
Slightly volatile
Total AssetsB1.9 B
Sufficiently Up
Slightly volatile
Total Current Assets799.7 M761.6 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities127.5 M121.5 M
Sufficiently Up
Slightly volatile

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

About Ag Growth 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

11.94

At this time, Ag Growth's Book Value Per Share is very stable compared to the past year.

Ag Growth Current Valuation Drivers

We derive many important indicators used in calculating different scores of Ag Growth from analyzing Ag Growth's financial statements. These drivers represent accounts that assess Ag Growth's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ag Growth's important valuation drivers and their relationship over time.
202020212022202320242025 (projected)
Market Cap557.6M594.9M818.0M950.4M855.4M466.7M
Enterprise Value1.3B1.4B1.7B1.8B1.6B1.7B

About Ag Growth Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ag Growth International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ag Growth using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ag Growth International 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.

Pair Trading with Ag Growth

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ag Growth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ag Growth will appreciate offsetting losses from the drop in the long position's value.

Moving together with AFN Stock

  0.61BBUC Brookfield Business CorpPairCorr

Moving against AFN Stock

  0.57GATO Gatos SilverPairCorr
  0.44CG Centerra GoldPairCorr
  0.33PNC-B Postmedia Network CanadaPairCorr
The ability to find closely correlated positions to Ag Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ag Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ag Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ag Growth International to buy it.
The correlation of Ag Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ag Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ag Growth International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ag Growth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in AFN Stock

Ag Growth financial ratios help investors to determine whether AFN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AFN with respect to the benefits of owning Ag Growth security.