Newtek Business Services Stock Piotroski F Score

NEWT Stock  USD 13.30  0.10  0.76%   
This module uses fundamental data of Newtek Business to approximate its Piotroski F score. Newtek Business F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Newtek Business Services. 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 Newtek Business financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Newtek Business Altman Z Score, Newtek Business Correlation, Newtek Business Valuation, as well as analyze Newtek Business Alpha and Beta and Newtek Business Hype Analysis.
  
At this time, Newtek Business' Short and Long Term Debt Total is comparatively stable compared to the past year. Net Debt is likely to gain to about 676.3 M in 2024, whereas Interest Debt Per Share is likely to drop 17.52 in 2024. At this time, Newtek Business' Days Payables Outstanding is comparatively stable compared to the past year. ROE is likely to gain to 0.20 in 2024, despite the fact that Free Cash Flow Yield is likely to grow to (0.25).
At this time, it appears that Newtek Business' 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..
2.0
Piotroski F Score - Frail
Current Return On Assets

Positive

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Newtek Business Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Newtek Business is to make sure Newtek is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Newtek Business' 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 Newtek Business' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.02480.0329
Way Down
Pretty Stable
Asset Turnover0.170.1762
Sufficiently Down
Slightly volatile
Gross Profit Margin0.490.825
Way Down
Slightly volatile
Net Debt676.3 M644.1 M
Sufficiently Up
Slightly volatile
Total Current Liabilities54.5 M76.6 M
Way Down
Slightly volatile
Non Current Liabilities Total1.2 B1.1 B
Sufficiently Up
Slightly volatile
Total Assets1.5 B1.4 B
Sufficiently Up
Slightly volatile
Total Current Assets1.3 B1.2 B
Sufficiently Up
Slightly volatile

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

About Newtek Business 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

9.08

At this time, Newtek Business' Book Value Per Share is comparatively stable compared to the past year.

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

About Newtek Business Fundamental Analysis

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

Thematic Opportunities

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Additional Tools for Newtek Stock Analysis

When running Newtek Business' price analysis, check to measure Newtek Business' 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 Newtek Business is operating at the current time. Most of Newtek Business' value examination focuses on studying past and present price action to predict the probability of Newtek Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newtek Business' price. Additionally, you may evaluate how the addition of Newtek Business to your portfolios can decrease your overall portfolio volatility.