Highway 50 Gold Stock Piotroski F Score

HWY Stock  CAD 0.20  0.05  20.00%   
This module uses fundamental data of Highway 50 to approximate its Piotroski F score. Highway 50 F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Highway 50 Gold. 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 Highway 50 financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highway 50 Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
Short and Long Term Debt is likely to climb to about 413.1 K in 2024, whereas Net Debt is likely to drop slightly above 195.7 K in 2024.
At this time, it appears that Highway 50'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..
2.0
Piotroski F Score - Inapplicable
Current Return On Assets

N/A

Focus
Change in Return on Assets

N/A

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

N/A

Focus
Current Ratio Change

N/A

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

N/A

Focus

Highway 50 Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Highway 50 is to make sure Highway is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Highway 50'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 Highway 50's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Debt195.7 K241.4 K
Significantly Down
Pretty Stable
Total Current Liabilities470.3 K402.5 K
Fairly Up
Slightly volatile
Total Assets1.2 M1.2 M
Notably Down
Pretty Stable
Total Current Assets144.6 K152.2 K
Notably Down
Slightly volatile

Highway 50 Gold 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 Highway 50's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Highway 50 in a much-optimized way.

About Highway 50 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.

Net Debt

195,723

At this time, Highway 50's Net Debt is fairly stable compared to the past year.

About Highway 50 Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Highway 50 Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Highway 50 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Highway 50 Gold 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 Highway Stock Analysis

When running Highway 50's price analysis, check to measure Highway 50'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 Highway 50 is operating at the current time. Most of Highway 50's value examination focuses on studying past and present price action to predict the probability of Highway 50's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highway 50's price. Additionally, you may evaluate how the addition of Highway 50 to your portfolios can decrease your overall portfolio volatility.