Mesa Air Group Stock Piotroski F Score

MESA Stock  USD 0.87  0.01  1.16%   
This module uses fundamental data of Mesa Air to approximate its Piotroski F score. Mesa Air F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Mesa Air Group. 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 Mesa Air financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Mesa Air Altman Z Score, Mesa Air Correlation, Mesa Air Valuation, as well as analyze Mesa Air Alpha and Beta and Mesa Air Hype Analysis.
  
At present, Mesa Air's Long Term Debt is projected to decrease significantly based on the last few years of reporting. The current year's Long Term Debt Total is expected to grow to about 529.1 M, whereas Short and Long Term Debt Total is forecasted to decline to about 493.7 M. At present, Mesa Air's PTB Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Book Value Per Share is expected to grow to 5.87, whereas Price To Sales Ratio is forecasted to decline to 0.07.
At this time, it appears that Mesa Air's 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..
3.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Mesa Air Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Mesa Air is to make sure Mesa is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Mesa Air'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 Mesa Air's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.980.64
Way Up
Very volatile
Net Debt421.8 M584.3 M
Way Down
Pretty Stable
Total Current Liabilities184.9 M308.1 M
Way Down
Slightly volatile
Non Current Liabilities Total478.3 M495.1 M
Sufficiently Down
Pretty Stable
Total Assets884.1 MB
Fairly Down
Pretty Stable
Total Current Assets219.8 M159.4 M
Significantly Up
Slightly volatile

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

About Mesa Air 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

5.87

At present, Mesa Air's Book Value Per Share is projected to drop based on the last few years of reporting.

About Mesa Air Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mesa Air Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mesa Air using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mesa Air Group 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.
When determining whether Mesa Air Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mesa Air's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mesa Air Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mesa Air Group Stock:
Check out Mesa Air Altman Z Score, Mesa Air Correlation, Mesa Air Valuation, as well as analyze Mesa Air Alpha and Beta and Mesa Air Hype Analysis.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Passenger Airlines 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 Mesa Air. If investors know Mesa 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 Mesa Air 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
0.136
Earnings Share
(2.30)
Revenue Per Share
11.589
Quarterly Revenue Growth
(0.03)
Return On Assets
(0.01)
The market value of Mesa Air Group is measured differently than its book value, which is the value of Mesa that is recorded on the company's balance sheet. Investors also form their own opinion of Mesa Air's value that differs from its market value or its book value, called intrinsic value, which is Mesa Air'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 Mesa Air's market value can be influenced by many factors that don't directly affect Mesa Air'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 Mesa Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mesa Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mesa Air'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.