This module uses fundamental data of Westpac Banking to approximate its Piotroski F score. Westpac Banking F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Westpac Banking. 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 Westpac Banking financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westpac Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Westpac
Piotroski F Score
Sale Purchase Of Stock
Change In Cash
Change In Working Capital
Total Cashflows From Investing Activities
Other Cashflows From Financing Activities
Dividends Paid
Capital Expenditures
Total Cash From Operating Activities
Total Cash From Financing Activities
End Period Cash Flow
Other Cashflows From Investing Activities
Investments
Net Borrowings
Free Cash Flow
Begin Period Cash Flow
Depreciation
Other Non Cash Items
Change To Account Receivables
Change To Operating Activities
Net Income
Change To Netincome
Total Assets
Short Long Term Debt Total
Total Stockholder Equity
Retained Earnings
Other Assets
Long Term Debt
Good Will
Other Stockholder Equity
Total Liab
Treasury Stock
Intangible Assets
Common Stock
Property Plant Equipment
Earning Assets
Other Current Liab
Total Current Liabilities
Other Liab
Net Tangible Assets
Net Debt
Accounts Payable
Cash
Net Receivables
Common Stock Shares Outstanding
Short Term Investments
Long Term Debt Total
Other Current Assets
Net Invested Capital
Long Term Investments
Short Long Term Debt
Total Current Assets
Capital Stock
Property Plant And Equipment Net
Tax Provision
Net Interest Income
Interest Expense
Income Before Tax
Net Income Applicable To Common Shares
Interest Income
Selling General Administrative
Total Revenue
Other Operating Expenses
Net Income From Continuing Ops
Reconciled Depreciation
Income Tax Expense
Minority Interest
Probability Of Bankruptcy
At present, Westpac Banking's Short and Long Term Debt Total is projected to decrease significantly based on the last few years of reporting. The current year's Long Term Debt Total is expected to grow to about 125.4 B, whereas Long Term Debt is forecasted to decline to about 138.9 B.
At this time, it appears that Westpac Banking'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..
The critical factor to consider when applying the Piotroski F Score to Westpac Banking is to make sure Westpac is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Westpac Banking'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 Westpac Banking's financial numbers are properly reported.
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 Westpac Banking's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Westpac Banking in a much-optimized way.
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.
Short Long Term Debt Total
126.32 Billion
At present, Westpac Banking's Short and Long Term Debt Total is projected to decrease significantly based on the last few years of reporting.
About Westpac Banking Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Westpac Banking's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westpac Banking using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westpac Banking 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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Westpac Banking financial ratios help investors to determine whether Westpac Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Westpac with respect to the benefits of owning Westpac Banking security.