National Fuel Gas Stock Piotroski F Score

NFG Stock  USD 64.23  0.72  1.13%   
This module uses fundamental data of National Fuel to approximate its Piotroski F score. National Fuel F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of National Fuel Gas. 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 National Fuel financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out National Fuel Altman Z Score, National Fuel Correlation, National Fuel Valuation, as well as analyze National Fuel Alpha and Beta and National Fuel Hype Analysis.
  
At this time, National Fuel's Debt To Assets are most likely to increase slightly in the upcoming years. The National Fuel's current Debt Equity Ratio is estimated to increase to 1.17, while Net Debt is projected to decrease to roughly 1.7 B. At this time, National Fuel's Days Sales Outstanding is most likely to slightly grow in the upcoming years. The National Fuel's current Book Value Per Share is estimated to increase to 32.58, while Free Cash Flow Yield is projected to decrease to 0.01.
At this time, it appears that National Fuel's Piotroski F Score is Strong. 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..
7.0
Piotroski F Score - Strong
Current Return On Assets

Positive

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

National Fuel Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to National Fuel is to make sure National is not a subject of accounting manipulations and runs a healthy internal audit department. So, if National Fuel'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 National Fuel's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.440.2338
Way Up
Pretty Stable
Gross Profit Margin0.550.45
Fairly Up
Pretty Stable
Net Debt1.7 B2.7 B
Way Down
Slightly volatile
Total Current Liabilities655.1 M1.1 B
Way Down
Slightly volatile
Non Current Liabilities TotalB4.4 B
Way Down
Slightly volatile
Total Assets5.4 B8.3 B
Way Down
Slightly volatile
Total Current Assets474.1 M355.9 M
Significantly Up
Pretty Stable
Total Cash From Operating Activities600.9 M1.1 B
Way Down
Slightly volatile

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

About National Fuel 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.

Common Stock Shares Outstanding

84.72 Million

At this time, National Fuel's Common Stock Shares Outstanding is most likely to increase significantly in the upcoming years.

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

About National Fuel Fundamental Analysis

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

Currently Active Assets on Macroaxis

When determining whether National Fuel Gas is a strong investment it is important to analyze National Fuel's 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 National Fuel's future performance. For an informed investment choice regarding National Stock, refer to the following important reports:
Check out National Fuel Altman Z Score, National Fuel Correlation, National Fuel Valuation, as well as analyze National Fuel Alpha and Beta and National Fuel Hype Analysis.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Gas Utilities 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 National Fuel. If investors know National 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 National Fuel 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
0.176
Dividend Share
2.02
Earnings Share
0.84
Revenue Per Share
21.187
Quarterly Revenue Growth
0.008
The market value of National Fuel Gas is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Fuel's value that differs from its market value or its book value, called intrinsic value, which is National Fuel'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 National Fuel's market value can be influenced by many factors that don't directly affect National Fuel'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 National Fuel's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Fuel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Fuel'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.