Mynaric Ag Adr Stock Piotroski F Score

MYNA Stock  USD 1.39  0.02  1.46%   
This module uses fundamental data of Mynaric AG to approximate its Piotroski F score. Mynaric AG F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Mynaric AG ADR. 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 Mynaric AG financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Mynaric AG Altman Z Score, Mynaric AG Correlation, Mynaric AG Valuation, as well as analyze Mynaric AG Alpha and Beta and Mynaric AG Hype Analysis.
  
At present, Mynaric AG's Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 92.5 M, whereas Short Term Debt is forecasted to decline to about 6.3 M. At present, Mynaric AG's Days Sales Outstanding is projected to decrease significantly based on the last few years of reporting. The current year's Stock Based Compensation To Revenue is expected to grow to 0.74, whereas Price To Sales Ratio is forecasted to decline to 22.47.
At this time, it appears that Mynaric AG'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

Mynaric AG Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Mynaric AG is to make sure Mynaric is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Mynaric AG'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 Mynaric AG's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.0430.0453
Notably Down
Slightly volatile
Total Current Liabilities78.6 M74.9 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total110.1 M104.8 M
Sufficiently Up
Slightly volatile
Total Assets125 M119.1 M
Sufficiently Up
Slightly volatile
Total Current Assets58.2 M55.4 M
Sufficiently Up
Slightly volatile

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

About Mynaric AG 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

(7.75)

At present, Mynaric AG's Book Value Per Share is projected to slightly grow based on the last few years of reporting.

Mynaric AG Current Valuation Drivers

We derive many important indicators used in calculating different scores of Mynaric AG from analyzing Mynaric AG's financial statements. These drivers represent accounts that assess Mynaric AG's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Mynaric AG's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap109.0M245.2M197.0M88.1M127.5M167.1M
Enterprise Value106.8M209.9M157.9M99.9M191.6M162.9M

About Mynaric AG Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mynaric AG ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mynaric AG using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mynaric AG ADR 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 Mynaric AG ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mynaric AG'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 Mynaric Ag Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mynaric Ag Adr Stock:
Is Electronic Equipment, Instruments & Components 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 Mynaric AG. If investors know Mynaric 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 Mynaric AG listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(4.04)
Revenue Per Share
0.223
Quarterly Revenue Growth
(0.69)
Return On Assets
(0.46)
Return On Equity
(2.34)
The market value of Mynaric AG ADR is measured differently than its book value, which is the value of Mynaric that is recorded on the company's balance sheet. Investors also form their own opinion of Mynaric AG's value that differs from its market value or its book value, called intrinsic value, which is Mynaric AG'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 Mynaric AG's market value can be influenced by many factors that don't directly affect Mynaric AG'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 Mynaric AG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mynaric AG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mynaric AG'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.