He Equipment Services Stock Piotroski F Score

HEES Stock  USD 58.76  2.08  3.67%   
This module uses fundamental data of HE Equipment to approximate its Piotroski F score. HE Equipment F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of HE Equipment 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 HE Equipment financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out HE Equipment Altman Z Score, HE Equipment Correlation, HE Equipment Valuation, as well as analyze HE Equipment Alpha and Beta and HE Equipment Hype Analysis.
  
At this time, HE Equipment's Net Debt is comparatively stable compared to the past year. Long Term Debt is likely to gain to about 1.5 B in 2024, whereas Short Term Debt is likely to drop slightly above 114.3 M in 2024. At this time, HE Equipment's Capex To Revenue is comparatively stable compared to the past year. POCF Ratio is likely to gain to 8.03 in 2024, whereas Dividend Yield is likely to drop 0.02 in 2024.
At this time, it appears that HE Equipment's Piotroski F Score is Strong. 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..
7.0
Piotroski F Score - Strong
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

Increase

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

HE Equipment Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to HE Equipment is to make sure HEES is not a subject of accounting manipulations and runs a healthy internal audit department. So, if HE Equipment'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 HE Equipment's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.920.5565
Way Up
Slightly volatile
Gross Profit Margin0.260.4659
Way Down
Slightly volatile
Total Current Liabilities191.8 M166.8 M
Fairly Up
Pretty Stable
Non Current Liabilities TotalB1.9 B
Sufficiently Up
Slightly volatile
Total Assets2.8 B2.6 B
Sufficiently Up
Slightly volatile
Total Current Assets292.4 M374.6 M
Significantly Down
Slightly volatile
Total Cash From Operating Activities425.8 M405.5 M
Sufficiently Up
Slightly volatile

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

About HE Equipment 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

15.54

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

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

About HE Equipment Fundamental Analysis

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

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