This module uses fundamental data of HEG to approximate its Piotroski F score. HEG F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of HEG Limited. 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 HEG financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HEG Limited. 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.
HEG
Piotroski F Score
Change To Inventory
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Free Cash Flow
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Begin Period Cash Flow
Other Cashflows From Financing Activities
Depreciation
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Dividends Paid
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Total Cash From Operating Activities
Net Income
Total Cash From Financing Activities
End Period Cash Flow
Other Cashflows From Investing Activities
Sale Purchase Of Stock
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Investments
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Total Cashflows From Investing Activities
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Total Assets
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Total Current Liabilities
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Non Currrent Assets Other
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Net Invested Capital
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Property Plant And Equipment Gross
Depreciation And Amortization
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Selling General Administrative
Total Revenue
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Ebit
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Income Tax Expense
Cost Of Revenue
Selling And Marketing Expenses
Research Development
Net Income From Continuing Ops
Net Income Applicable To Common Shares
Tax Provision
Interest Income
Net Interest Income
Reconciled Depreciation
Probability Of Bankruptcy
At present, HEG's Short Term Debt is projected to decrease significantly based on the last few years of reporting.
At this time, it appears that HEG'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..
The critical factor to consider when applying the Piotroski F Score to HEG is to make sure HEG is not a subject of accounting manipulations and runs a healthy internal audit department. So, if HEG'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 HEG's financial numbers are properly reported.
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 HEG's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards HEG in a much-optimized way.
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.
Short Long Term Debt Total
6.2 Billion
At present, HEG's Short and Long Term Debt Total is projected to decrease significantly based on the last few years of reporting.
About HEG Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze HEG Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HEG using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HEG Limited 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.
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.
HEG financial ratios help investors to determine whether HEG 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 HEG with respect to the benefits of owning HEG security.