23andme Holding Co Stock Piotroski F Score

ME Stock  USD 3.41  0.01  0.29%   
This module uses fundamental data of 23Andme Holding to approximate its Piotroski F score. 23Andme Holding F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of 23Andme Holding Co. 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 23Andme Holding financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out 23Andme Holding Altman Z Score, 23Andme Holding Correlation, 23Andme Holding Valuation, as well as analyze 23Andme Holding Alpha and Beta and 23Andme Holding Hype Analysis.
  
At present, 23Andme Holding's Interest Debt Per Share is projected to drop slightly based on the last few years of reporting. The current year's Long Term Debt To Capitalization is expected to grow to 0.11, whereas Short Term Debt is forecasted to decline to about 13.6 M. At present, 23Andme Holding's PTB Ratio is projected to increase based on the last few years of reporting. The current year's Days Sales Outstanding is expected to grow to 14.25, whereas Free Cash Flow Yield is forecasted to decline to (0.04).
At this time, it appears that 23Andme Holding's Piotroski F Score is Healthy. 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..
5.0
Piotroski F Score - Healthy
Current Return On Assets

Negative

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

N/A

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

23Andme Holding Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to 23Andme Holding is to make sure 23Andme is not a subject of accounting manipulations and runs a healthy internal audit department. So, if 23Andme Holding'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 23Andme Holding's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.560.64
Fairly Down
Slightly volatile
Gross Profit Margin0.370.41
Moderately Down
Pretty Stable
Total Current Liabilities117.1 M114.6 M
Fairly Up
Slightly volatile
Non Current Liabilities Total67.8 M71.4 M
Notably Down
Very volatile
Total Assets741.3 M454.4 M
Way Up
Very volatile
Total Current Assets313.4 M225.5 M
Significantly Up
Slightly volatile

23Andme Holding 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 23Andme Holding's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards 23Andme Holding in a much-optimized way.

About 23Andme Holding 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.

Pretax Profit Margin

(3.32)

At present, 23Andme Holding's Pretax Profit Margin is projected to slightly decrease based on the last few years of reporting.

23Andme Holding 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, 23Andme Holding's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to 23Andme Holding's managers, analysts, and investors.
Environmental
Governance
Social

About 23Andme Holding Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze 23Andme Holding Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 23Andme Holding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 23Andme Holding Co 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.
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 23Andme Holding. If investors know 23Andme 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 23Andme Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(13.62)
Revenue Per Share
8.224
Quarterly Revenue Growth
(0.34)
Return On Assets
(0.26)
Return On Equity
(1.54)
The market value of 23Andme Holding is measured differently than its book value, which is the value of 23Andme that is recorded on the company's balance sheet. Investors also form their own opinion of 23Andme Holding's value that differs from its market value or its book value, called intrinsic value, which is 23Andme Holding'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 23Andme Holding's market value can be influenced by many factors that don't directly affect 23Andme Holding'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 23Andme Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if 23Andme Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 23Andme Holding'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.