Income Financial Trust Stock Piotroski F Score

INC-UN Stock  CAD 8.57  0.01  0.12%   
This module uses fundamental data of Income Financial to approximate its Piotroski F score. Income Financial F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Income Financial Trust. 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 Income Financial 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 Income Financial Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
  
As of December 28, 2024, Net Debt is expected to decline to about (1.5 M). The current year's Net Debt To EBITDA is expected to grow to -1.2. At present, Income Financial's Days Sales Outstanding is projected to decrease significantly based on the last few years of reporting. The current year's Book Value Per Share is expected to grow to 10.19, whereas Price To Sales Ratio is forecasted to decline to 9.89.
At this time, it appears that Income Financial'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..
6.0
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)

Decreasing

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

N/A

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Income Financial Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Income Financial is to make sure Income is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Income 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 Income Financial's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.691.07
Way Down
Slightly volatile
Total Current Liabilities593.1 K564.9 K
Sufficiently Up
Pretty Stable
Non Current Liabilities Total366.9 K368.7 K
Slightly Down
Pretty Stable
Total Assets22.4 M23.7 M
Notably Down
Slightly volatile
Total Current Assets1.4 M1.5 M
Notably Down
Slightly volatile

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

About Income 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

10.19

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

Income Financial Current Valuation Drivers

We derive many important indicators used in calculating different scores of Income Financial from analyzing Income Financial's financial statements. These drivers represent accounts that assess Income Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Income Financial's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap21.1M17.7M34.8M34.6M24.3M32.7M
Enterprise Value20.6M16.8M32.9M31.3M22.9M31.3M

About Income Financial Fundamental Analysis

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

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 Income Financial 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 Income Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Income Stock

  0.94JPM JPMorgan ChasePairCorr
  0.94BOFA Bank of AmericaPairCorr

Moving against Income Stock

  0.87PFE Pfizer Inc CDRPairCorr
  0.66TKU Tarku ResourcesPairCorr
The ability to find closely correlated positions to Income Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Income Financial 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 Income Financial - 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 Income Financial Trust to buy it.
The correlation of Income Financial 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 Income Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Income Financial Trust 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 Income Financial 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 Income Stock

Income Financial financial ratios help investors to determine whether Income 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 Income with respect to the benefits of owning Income Financial security.