Ntg Clarity Networks Stock Piotroski F Score

NCI Stock  CAD 1.57  0.02  1.29%   
This module uses fundamental data of NTG Clarity to approximate its Piotroski F score. NTG Clarity F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of NTG Clarity Networks. 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 NTG Clarity financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NTG Clarity Networks. 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.
  
At this time, NTG Clarity's Short and Long Term Debt Total is fairly stable compared to the past year. Net Debt is likely to climb to about 8.9 M in 2024, whereas Long Term Debt is likely to drop slightly above 5.5 M in 2024. At this time, NTG Clarity's Capex To Revenue is fairly stable compared to the past year. POCF Ratio is likely to climb to 5.31 in 2024, despite the fact that PTB Ratio is likely to grow to (1.90).
At this time, it appears that NTG Clarity'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

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

NTG Clarity Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to NTG Clarity is to make sure NTG is not a subject of accounting manipulations and runs a healthy internal audit department. So, if NTG Clarity'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 NTG Clarity's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover2.282.2376
Fairly Up
Slightly volatile
Gross Profit Margin0.30.3326
Moderately Down
Pretty Stable
Total Current Liabilities5.3 M8.9 M
Way Down
Slightly volatile
Non Current Liabilities TotalM6.7 M
Sufficiently Up
Slightly volatile
Total AssetsM12.4 M
Way Down
Pretty Stable
Total Current Assets5.3 M6.9 M
Significantly Down
Pretty Stable

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

About NTG Clarity 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

(0.083)

At this time, NTG Clarity's Book Value Per Share is fairly stable compared to the past year.

NTG Clarity Current Valuation Drivers

We derive many important indicators used in calculating different scores of NTG Clarity from analyzing NTG Clarity's financial statements. These drivers represent accounts that assess NTG Clarity's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NTG Clarity's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap6.3M2.1M5.3M10.5M6.5M6.2M
Enterprise Value9.2M13.6M18.2M13.6M14.9M14.2M

About NTG Clarity Fundamental Analysis

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

When running NTG Clarity's price analysis, check to measure NTG Clarity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NTG Clarity is operating at the current time. Most of NTG Clarity's value examination focuses on studying past and present price action to predict the probability of NTG Clarity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NTG Clarity's price. Additionally, you may evaluate how the addition of NTG Clarity to your portfolios can decrease your overall portfolio volatility.