Greenidge Generation Holdings Stock Piotroski F Score

GREE Stock  USD 2.41  0.18  8.07%   
This module uses fundamental data of Greenidge Generation to approximate its Piotroski F score. Greenidge Generation F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Greenidge Generation Holdings. 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 Greenidge Generation financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Greenidge Generation Altman Z Score, Greenidge Generation Correlation, Greenidge Generation Valuation, as well as analyze Greenidge Generation Alpha and Beta and Greenidge Generation Hype Analysis.
  
At present, Greenidge Generation's Short and Long Term Debt is projected to increase significantly based on the last few years of reporting. The current year's Short Term Debt is expected to grow to about 81.1 M, whereas Long Term Debt is forecasted to decline to about 52.3 M. At present, Greenidge Generation's Research And Ddevelopement To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Days Payables Outstanding is expected to grow to 34.42, whereas PTB Ratio is projected to grow to (0.83).
At this time, it appears that Greenidge Generation's Piotroski F Score is Frail. 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..
3.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

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

No Change

Focus

Greenidge Generation Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Greenidge Generation is to make sure Greenidge is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Greenidge Generation'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 Greenidge Generation's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.750.9889
Way Down
Slightly volatile
Net Debt46.2 M55.4 M
Significantly Down
Slightly volatile
Total Current Liabilities40 M21 M
Way Up
Slightly volatile
Non Current Liabilities Total71.3 M101.2 M
Way Down
Slightly volatile
Total Assets67.6 M71.2 M
Notably Down
Slightly volatile
Total Current Assets42.2 M24.4 M
Way Up
Slightly volatile

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

About Greenidge Generation 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

(7.28)

At present, Greenidge Generation's Book Value Per Share is projected to decrease significantly based on the last few years of reporting.

Greenidge Generation Current Valuation Drivers

We derive many important indicators used in calculating different scores of Greenidge Generation from analyzing Greenidge Generation's financial statements. These drivers represent accounts that assess Greenidge Generation's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Greenidge Generation's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap448.5M455.9M202.0M354.3M407.5M458.4M
Enterprise Value430.4M430.7M203.0M357.5M411.1M443.1M

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

About Greenidge Generation Fundamental Analysis

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

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Greenidge Generation is a strong investment it is important to analyze Greenidge Generation's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Greenidge Generation's future performance. For an informed investment choice regarding Greenidge Stock, refer to the following important reports:
Check out Greenidge Generation Altman Z Score, Greenidge Generation Correlation, Greenidge Generation Valuation, as well as analyze Greenidge Generation Alpha and Beta and Greenidge Generation Hype Analysis.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Asset Management & Custody 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 Greenidge Generation. If investors know Greenidge 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 Greenidge Generation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.17)
Revenue Per Share
8.49
Quarterly Revenue Growth
(0.11)
Return On Assets
(0.09)
Return On Equity
(13.71)
The market value of Greenidge Generation is measured differently than its book value, which is the value of Greenidge that is recorded on the company's balance sheet. Investors also form their own opinion of Greenidge Generation's value that differs from its market value or its book value, called intrinsic value, which is Greenidge Generation'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 Greenidge Generation's market value can be influenced by many factors that don't directly affect Greenidge Generation'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 Greenidge Generation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenidge Generation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenidge Generation'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.