Provident Financial Services Stock Piotroski F Score

PFS Stock  USD 21.33  0.04  0.19%   
This module uses fundamental data of Provident Financial to approximate its Piotroski F score. Provident Financial F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Provident Financial 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 Provident Financial financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Provident Financial Altman Z Score, Provident Financial Correlation, Provident Financial Valuation, as well as analyze Provident Financial Alpha and Beta and Provident Financial Hype Analysis.
  
At this time, Provident Financial's Short and Long Term Debt Total is comparatively stable compared to the past year. Short and Long Term Debt is likely to gain to about 801.9 M in 2024, whereas Net Debt is likely to drop slightly above 995.8 M in 2024. At this time, Provident Financial's Net Income Per Share is comparatively stable compared to the past year. POCF Ratio is likely to gain to 12.57 in 2024, whereas Free Cash Flow Yield is likely to drop 0.07 in 2024.
At this time, it appears that Provident Financial's Piotroski F Score is Healthy. 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..
5.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Positive

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

Provident Financial Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Provident Financial is to make sure Provident is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Provident 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 Provident Financial's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00610.009
Way Down
Pretty Stable
Asset Turnover0.02610.0318
Significantly Down
Pretty Stable
Gross Profit Margin0.720.895
Significantly Down
Slightly volatile
Total Current Liabilities6.6 BB
Significantly Down
Slightly volatile
Non Current Liabilities Total13.1 B12.5 B
Sufficiently Up
Slightly volatile
Total Assets8.8 B14.2 B
Way Down
Slightly volatile
Total Current Assets227.3 M239.2 M
Notably Down
Slightly volatile
Total Cash From Operating Activities122.9 M173.4 M
Way Down
Slightly volatile

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

About Provident 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.

Common Stock Shares Outstanding

69.28 Million

At this time, Provident Financial's Common Stock Shares Outstanding is comparatively stable compared to the past year.

Provident Financial Current Valuation Drivers

We derive many important indicators used in calculating different scores of Provident Financial from analyzing Provident Financial's financial statements. These drivers represent accounts that assess Provident Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Provident Financial's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap1.6B1.2B1.9B1.6B1.3B975.3M
Enterprise Value2.5B1.9B1.8B2.8B2.6B1.8B

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

About Provident Financial Fundamental Analysis

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

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