| HQY Stock | | | USD 103.57 0.19 0.18% |
This module uses fundamental data of HealthEquity to approximate its Piotroski F score. HealthEquity F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of HealthEquity. 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 HealthEquity financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out
HealthEquity Altman Z Score,
HealthEquity Correlation,
HealthEquity Valuation, as well as analyze
HealthEquity Alpha and Beta and
HealthEquity Hype Analysis.
For more information on how to buy HealthEquity Stock please use our
How to Invest in HealthEquity guide.
At this time, HealthEquity's
Short and Long Term Debt is fairly stable compared to the past year.
Short Term Debt is likely to rise to about 37.1
M in 2024, whereas
Net Debt is likely to drop slightly above 299.8
M in 2024. At this time, HealthEquity's
Days Payables Outstanding is fairly stable compared to the past year.
Return On Tangible Assets is likely to rise to 0.13 in 2024, whereas
Days Sales Outstanding is likely to drop 30.22 in 2024.
At this time, it appears that HealthEquity'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
| Change in Return on Assets | |
| Cash Flow Return on Assets | |
| Current Quality of Earnings (accrual) | |
| Long Term Debt Over Assets Change | Lower Leverage| Focus | |
| Change In Outstending Shares | |
HealthEquity Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to HealthEquity is to make sure HealthEquity is not a subject of accounting manipulations and runs a healthy internal audit department. So, if HealthEquity'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 HealthEquity's financial numbers are properly reported.
HealthEquity 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 HealthEquity's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards HealthEquity in a much-optimized way.
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About HealthEquity 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.
HealthEquity 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, HealthEquity's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to HealthEquity's managers, analysts, and investors.
About HealthEquity Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze HealthEquity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HealthEquity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of HealthEquity 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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for HealthEquity Stock Analysis
When running HealthEquity's price analysis, check to
measure HealthEquity'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 HealthEquity is operating at the current time. Most of HealthEquity's value examination focuses on studying past and present price action to
predict the probability of HealthEquity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HealthEquity's price. Additionally, you may evaluate how the addition of HealthEquity to your portfolios can decrease your overall portfolio volatility.