This module uses fundamental data of Kodiak Sciences to approximate its Piotroski F score. Kodiak Sciences F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Kodiak Sciences. 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 Kodiak Sciences financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Kodiak Sciences Altman Z Score, Kodiak Sciences Correlation, Kodiak Sciences Valuation, as well as analyze Kodiak Sciences Alpha and Beta and Kodiak Sciences Hype Analysis.
At present, Kodiak Sciences' Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt is expected to grow to about 12.2 M, whereas Net Debt is forecasted to decline to (214.1 M). At present, Kodiak Sciences' Book Value Per Share is projected to increase significantly based on the last few years of reporting. The current year's Capex To Depreciation is expected to grow to 1.93, whereas Operating Cash Flow Per Share is forecasted to decline to (3.09).
At this time, it appears that Kodiak Sciences' Piotroski F Score is Frail. 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..
The critical factor to consider when applying the Piotroski F Score to Kodiak Sciences is to make sure Kodiak is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Kodiak Sciences' 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 Kodiak Sciences' financial numbers are properly reported.
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 Kodiak Sciences' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Kodiak Sciences in a much-optimized way.
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.
Common Stock Shares Outstanding
42.37 Million
At present, Kodiak Sciences' Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting.
Kodiak Sciences Current Valuation Drivers
We derive many important indicators used in calculating different scores of Kodiak Sciences from analyzing Kodiak Sciences' financial statements. These drivers represent accounts that assess Kodiak Sciences' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Kodiak Sciences' important valuation drivers and their relationship over time.
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, Kodiak Sciences' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Kodiak Sciences' managers, analysts, and investors.
Environmental
Governance
Social
About Kodiak Sciences Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kodiak Sciences's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kodiak Sciences using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kodiak Sciences 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.
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.
When determining whether Kodiak Sciences is a strong investment it is important to analyze Kodiak Sciences' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Kodiak Sciences' future performance. For an informed investment choice regarding Kodiak Stock, refer to the following important reports:
For information on how to trade Kodiak Stock refer to our How to Trade Kodiak Stock guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Biotechnology 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 Kodiak Sciences. If investors know Kodiak 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 Kodiak Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.64)
Return On Assets
(0.27)
Return On Equity
(0.71)
The market value of Kodiak Sciences is measured differently than its book value, which is the value of Kodiak that is recorded on the company's balance sheet. Investors also form their own opinion of Kodiak Sciences' value that differs from its market value or its book value, called intrinsic value, which is Kodiak Sciences' 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 Kodiak Sciences' market value can be influenced by many factors that don't directly affect Kodiak Sciences' 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 Kodiak Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kodiak Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kodiak Sciences' 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.