Ellington Financial Stock Piotroski F Score

EFC-PE Stock   25.56  0.00  0.00%   
This module uses fundamental data of Ellington Financial to approximate its Piotroski F score. Ellington Financial F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Ellington Financial. 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 Ellington Financial financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Investing Opportunities to better understand how to build diversified portfolios. 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 present, Ellington Financial's Debt To Equity is projected to increase slightly based on the last few years of reporting. The current year's Interest Debt Per Share is expected to grow to 66.65, whereas Net Debt is forecasted to decline to (223.4 M). At present, Ellington Financial's Book Value Per Share is projected to slightly decrease based on the last few years of reporting. The current year's PB Ratio is expected to grow to 0.85, whereas Dividend Yield is forecasted to decline to 0.14.
At this time, it appears that Ellington Financial'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
Current Return On Assets

Positive

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

Ellington Financial Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Ellington Financial is to make sure Ellington is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Ellington Financial'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 Ellington Financial's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.02330.0167
Significantly Up
Pretty Stable
Total Current Liabilities460.4 M484.6 M
Notably Down
Pretty Stable
Non Current Liabilities Total13.9 B13.8 B
Slightly Up
Slightly volatile
Total Assets16.1 B15.3 B
Sufficiently Up
Slightly volatile
Total Current Assets10.9 B16.1 B
Way Down
Slightly volatile

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

About Ellington Financial 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

26.07

At present, Ellington Financial's Book Value Per Share is projected to slightly decrease based on the last few years of reporting.

Ellington Financial Current Valuation Drivers

We derive many important indicators used in calculating different scores of Ellington Financial from analyzing Ellington Financial's financial statements. These drivers represent accounts that assess Ellington Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ellington Financial's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap587.8M654.8M841.1M749.8M877.8M921.7M
Enterprise Value3.8B2.9B4.4B12.9B14.0B14.7B

About Ellington Financial Fundamental Analysis

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

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When determining whether Ellington Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Financial Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios. 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.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Please note, there is a significant difference between Ellington Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Financial'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.