Safety Insurance Group Stock Piotroski F Score

SAFT Stock  USD 85.89  1.03  1.21%   
This module uses fundamental data of Safety Insurance to approximate its Piotroski F score. Safety Insurance F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Safety Insurance 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 Safety Insurance financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Safety Insurance Altman Z Score, Safety Insurance Correlation, Safety Insurance Valuation, as well as analyze Safety Insurance Alpha and Beta and Safety Insurance Hype Analysis.
  
At this time, Safety Insurance's Debt Equity Ratio is comparatively stable compared to the past year. Debt Ratio is likely to gain to 0.03 in 2024, whereas Interest Debt Per Share is likely to drop 1.38 in 2024. At this time, Safety Insurance's Net Debt To EBITDA is comparatively stable compared to the past year. Tangible Book Value Per Share is likely to gain to 56.50 in 2024, whereas PTB Ratio is likely to drop 0.90 in 2024.
At this time, it appears that Safety Insurance'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

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

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Safety Insurance Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Safety Insurance is to make sure Safety is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Safety Insurance'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 Safety Insurance's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.50.4737
Notably Up
Pretty Stable
Total Current Liabilities524.7 M499.7 M
Sufficiently Up
Pretty Stable
Non Current Liabilities Total694.1 M661.1 M
Sufficiently Up
Slightly volatile
Total Assets1.6 BB
Significantly Down
Slightly volatile
Total Current Assets507.2 M369.1 M
Significantly Up
Slightly volatile
Total Cash From Operating Activities93.5 M52.1 M
Way Up
Pretty Stable

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

About Safety Insurance 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

68.97

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

Safety Insurance Current Valuation Drivers

We derive many important indicators used in calculating different scores of Safety Insurance from analyzing Safety Insurance's financial statements. These drivers represent accounts that assess Safety Insurance's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Safety Insurance's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap1.4B1.2B1.3B1.2B1.1B671.2M
Enterprise Value1.4B1.2B1.3B1.3B1.1B644.3M

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

About Safety Insurance Fundamental Analysis

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

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Safety Stock Analysis

When running Safety Insurance's price analysis, check to measure Safety Insurance'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 Safety Insurance is operating at the current time. Most of Safety Insurance's value examination focuses on studying past and present price action to predict the probability of Safety Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Safety Insurance's price. Additionally, you may evaluate how the addition of Safety Insurance to your portfolios can decrease your overall portfolio volatility.