Icecure Medical Stock Piotroski F Score
| ICCM Stock | USD 0.83 0.04 5.06% |
Icecure | Piotroski F Score |
At this time, it appears that Icecure Medical's Piotroski F Score is Poor. 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..
4.0
Piotroski F Score - Poor
| Current Return On Assets | Negative |
| Change in Return on Assets | Decreased |
| Cash Flow Return on Assets | Negative |
| Current Quality of Earnings (accrual) | Improving |
| Asset Turnover Growth | Increase |
| Current Ratio Change | Increase |
| Long Term Debt Over Assets Change | N/A |
| Change In Outstending Shares | Increase |
| Change in Gross Margin | No Change |
Icecure Medical Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Icecure Medical is to make sure Icecure is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Icecure Medical'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 Icecure Medical's financial numbers are properly reported.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.25 | 0.1968 |
|
| |||||
| Total Current Liabilities | 2.7 M | 3.9 M |
|
| |||||
| Non Current Liabilities Total | 357.2 K | 376 K |
|
| |||||
| Total Assets | 12.7 M | 16.4 M |
|
| |||||
| Total Current Assets | 11.8 M | 14.2 M |
|
|
Icecure Medical 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 Icecure Medical's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Icecure Medical in a much-optimized way.
Click cells to compare fundamentals
About Icecure Medical 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 |
|
Icecure Medical Current Valuation Drivers
We derive many important indicators used in calculating different scores of Icecure Medical from analyzing Icecure Medical's financial statements. These drivers represent accounts that assess Icecure Medical's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Icecure Medical's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 512.2M | 599.5M | 87.1M | 57.4M | 48.8M | 46.4M | |
| Enterprise Value | 506.7M | 596.3M | 62.4M | 34.3M | 38.9M | 37.0M |
About Icecure Medical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Icecure Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Icecure Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Icecure Medical 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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Icecure Medical Altman Z Score, Icecure Medical Correlation, Icecure Medical Valuation, as well as analyze Icecure Medical Alpha and Beta and Icecure Medical Hype Analysis. To learn how to invest in Icecure Stock, please use our How to Invest in Icecure Medical guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Health Care Equipment & Supplies 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 Icecure Medical. If investors know Icecure 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 Icecure Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 0.071 | Quarterly Revenue Growth 0.079 | Return On Assets (0.47) | Return On Equity (0.94) |
The market value of Icecure Medical is measured differently than its book value, which is the value of Icecure that is recorded on the company's balance sheet. Investors also form their own opinion of Icecure Medical's value that differs from its market value or its book value, called intrinsic value, which is Icecure Medical'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 Icecure Medical's market value can be influenced by many factors that don't directly affect Icecure Medical'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 Icecure Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icecure Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icecure Medical'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.