Pennantpark Floating Rate Stock Piotroski F Score

PFLT Stock  USD 11.07  0.03  0.27%   
This module uses fundamental data of PennantPark Floating to approximate its Piotroski F score. PennantPark Floating F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of PennantPark Floating Rate. 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 PennantPark Floating financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out PennantPark Floating Altman Z Score, PennantPark Floating Correlation, PennantPark Floating Valuation, as well as analyze PennantPark Floating Alpha and Beta and PennantPark Floating Hype Analysis.
  
At this time, PennantPark Floating's Long Term Debt Total is comparatively stable compared to the past year. Cash Flow To Debt Ratio is likely to gain to 0.27 in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 541.3 M in 2024. At this time, PennantPark Floating's POCF Ratio is comparatively stable compared to the past year. Interest Coverage is likely to gain to 4.66 in 2024, whereas PTB Ratio is likely to drop 0.66 in 2024.
At this time, it appears that PennantPark Floating'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..
8.0
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

Increase

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

PennantPark Floating Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to PennantPark Floating is to make sure PennantPark is not a subject of accounting manipulations and runs a healthy internal audit department. So, if PennantPark Floating'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 PennantPark Floating's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.140.1181
Fairly Up
Slightly volatile
Net Debt333.5 M454.8 M
Way Down
Slightly volatile
Total Current Liabilities30 M31.6 M
Notably Down
Pretty Stable
Non Current Liabilities Total309.9 M569.7 M
Way Down
Slightly volatile
Total Assets824.8 M1.4 B
Way Down
Slightly volatile
Total Current Assets135.1 M128.7 M
Sufficiently Up
Slightly volatile

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

About PennantPark Floating 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

16.37

At this time, PennantPark Floating's Book Value Per Share is comparatively stable compared to the past year.

PennantPark Floating Current Valuation Drivers

We derive many important indicators used in calculating different scores of PennantPark Floating from analyzing PennantPark Floating's financial statements. These drivers represent accounts that assess PennantPark Floating's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of PennantPark Floating's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap327.2M496.0M394.2M543.5M489.2M258.3M
Enterprise Value922.9M1.1B1.0B938.4M844.6M500.8M

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

About PennantPark Floating Fundamental Analysis

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

When running PennantPark Floating's price analysis, check to measure PennantPark Floating's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PennantPark Floating is operating at the current time. Most of PennantPark Floating's value examination focuses on studying past and present price action to predict the probability of PennantPark Floating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennantPark Floating's price. Additionally, you may evaluate how the addition of PennantPark Floating to your portfolios can decrease your overall portfolio volatility.