Solarmax Technology Common Stock Piotroski F Score

SMXT Stock   1.83  0.19  11.59%   
This module uses fundamental data of Solarmax Technology to approximate its Piotroski F score. Solarmax Technology F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Solarmax Technology Common. 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 Solarmax Technology financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Solarmax Technology Altman Z Score, Solarmax Technology Correlation, Solarmax Technology Valuation, as well as analyze Solarmax Technology Alpha and Beta and Solarmax Technology Hype Analysis.
  
At this time, Solarmax Technology's Short and Long Term Debt Total is comparatively stable compared to the past year. Long Term Debt is likely to gain to about 18.6 M in 2025, whereas Short and Long Term Debt is likely to drop slightly above 18.1 M in 2025. At this time, Solarmax Technology's POCF Ratio is comparatively stable compared to the past year. Interest Coverage is likely to gain to 0.29 in 2025, despite the fact that Book Value Per Share is likely to grow to (0.39).
At this time, it appears that Solarmax Technology'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..
6.0
Piotroski F Score - Healthy
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)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Solarmax Technology Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Solarmax Technology is to make sure Solarmax is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Solarmax Technology'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 Solarmax Technology's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.01.28
Significantly Down
Pretty Stable
Gross Profit Margin0.120.19
Way Down
Slightly volatile
Net Debt45 M45.2 M
Slightly Down
Slightly volatile
Total Current Liabilities41.1 M39.1 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total27.9 M19 M
Way Up
Slightly volatile
Total Assets64.6 M43.8 M
Way Up
Slightly volatile
Total Current Assets17 M17.9 M
Notably Down
Slightly volatile

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

About Solarmax Technology 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

(0.39)

At this time, Solarmax Technology's Book Value Per Share is comparatively stable compared to the past year.

About Solarmax Technology Fundamental Analysis

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

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