First Citizens Bancshares Stock Piotroski F Score

FCNCA Stock  USD 2,098  23.38  1.10%   
This module uses fundamental data of First Citizens to approximate its Piotroski F score. First Citizens F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of First Citizens BancShares. 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 First Citizens financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out First Citizens Altman Z Score, First Citizens Correlation, First Citizens Valuation, as well as analyze First Citizens Alpha and Beta and First Citizens Hype Analysis.
  
At present, First Citizens' Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Net Debt is expected to grow to about 3.2 B, whereas Short Term Debt is forecasted to decline to about 633.5 M. At present, First Citizens' Dividend Yield is projected to slightly decrease based on the last few years of reporting. The current year's PTB Ratio is expected to grow to 0.98, whereas Price To Sales Ratio is forecasted to decline to 1.77.
At this time, it appears that First Citizens' 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..
6.0
Piotroski F Score - Healthy
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)

Decreasing

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

First Citizens Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to First Citizens is to make sure First is not a subject of accounting manipulations and runs a healthy internal audit department. So, if First Citizens' 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 First Citizens' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.05630.0536
Sufficiently Up
Slightly volatile
Asset Turnover0.05070.0356
Significantly Up
Slightly volatile
Gross Profit Margin0.760.5366
Significantly Up
Slightly volatile
Total Current Liabilities115.7 B110.2 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total202.1 B192.5 B
Sufficiently Up
Slightly volatile
Total Assets224.4 B213.8 B
Sufficiently Up
Slightly volatile
Total Current Assets862.6 M908 M
Notably Down
Slightly volatile

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

About First Citizens 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

1,536.2

At present, First Citizens' Book Value Per Share is projected to increase significantly based on the last few years of reporting.

First Citizens Current Valuation Drivers

We derive many important indicators used in calculating different scores of First Citizens from analyzing First Citizens' financial statements. These drivers represent accounts that assess First Citizens' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of First Citizens' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap5.9B5.8B8.1B11.8B20.6B21.6B
Enterprise Value6.4B6.7B9.0B12.4B57.3B60.1B

First Citizens 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, First Citizens' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Citizens' managers, analysts, and investors.
Environmental
Governance
Social

About First Citizens Fundamental Analysis

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

Also Currently Popular

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When determining whether First Citizens BancShares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Citizens' 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 First Citizens Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Citizens Bancshares Stock:
Check out First Citizens Altman Z Score, First Citizens Correlation, First Citizens Valuation, as well as analyze First Citizens Alpha and Beta and First Citizens Hype Analysis.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Regional Banks space 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 First Citizens. If investors know First 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 First Citizens 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
(0.14)
Dividend Share
6.56
Earnings Share
174.56
Revenue Per Share
646.115
Quarterly Revenue Growth
(0.03)
The market value of First Citizens BancShares is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Citizens' value that differs from its market value or its book value, called intrinsic value, which is First Citizens' 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 First Citizens' market value can be influenced by many factors that don't directly affect First Citizens' 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 First Citizens' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Citizens is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Citizens' 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.