| HTBK Stock | | | USD 10.71 0.19 1.81% |
This module uses fundamental data of Heritage Commerce to approximate its Piotroski F score. Heritage Commerce F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Heritage Commerce Corp. 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 Heritage Commerce financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out
Heritage Commerce Altman Z Score,
Heritage Commerce Correlation,
Heritage Commerce Valuation, as well as analyze
Heritage Commerce Alpha and Beta and
Heritage Commerce Hype Analysis.
At this time, Heritage Commerce's
Short Term Debt is quite stable compared to the past year.
Interest Debt Per Share is expected to rise to 2.72 this year, although the value of
Long Term Debt will most likely fall to about 30
M. At this time, Heritage Commerce's
EV To Sales is quite stable compared to the past year.
ROIC is expected to rise to 0.13 this year, although the value of
Free Cash Flow Yield will most likely fall to 0.06.
At this time, it appears that Heritage Commerce'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 | |
Heritage Commerce Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Heritage Commerce is to make sure Heritage is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Heritage Commerce'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 Heritage Commerce's financial numbers are properly reported.
Heritage Commerce Corp 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 Heritage Commerce's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Heritage Commerce in a much-optimized way.
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About Heritage Commerce 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.
Heritage Commerce Current Valuation Drivers
We derive many important indicators used in calculating different scores of Heritage Commerce from analyzing Heritage Commerce's financial statements. These drivers represent accounts that assess Heritage Commerce's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Heritage Commerce's important valuation drivers and their relationship over time.
| | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) |
| Market Cap | | 599.0M | 527.6M | 718.0M | 605.5M | 545.0M | 572.2M |
| Enterprise Value | | 181.5M | (563.8M) | (548.3M) | 236.9M | 272.4M | 286.0M |
Heritage Commerce 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, Heritage Commerce's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Heritage Commerce's managers, analysts, and investors.
About Heritage Commerce Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Heritage Commerce Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Heritage Commerce using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Heritage Commerce Corp 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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Try AI Portfolio ArchitectWhen determining whether Heritage Commerce Corp is a good investment, qualitative aspects like company
management, corporate governance, and ethical practices play a significant role. A
comparison with peer companies also provides context and helps to understand if Heritage Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Heritage Commerce Corp Stock.
Highlighted below are key reports to facilitate an investment decision about Heritage Commerce Corp Stock: Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost
the valuation of Heritage Commerce. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Commerce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth | Dividend Share | Earnings Share | Revenue Per Share | Quarterly Revenue Growth |
The market value of Heritage Commerce Corp is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Commerce's value that differs from its market value or its book value, called intrinsic value, which is Heritage Commerce's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Commerce's market value can be influenced by many factors that don't directly affect Heritage Commerce's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine
if Heritage Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Commerce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.