South Plains Financial Stock Piotroski F Score

SPFI Stock  USD 38.85  0.17  0.44%   
This module uses fundamental data of South Plains to approximate its Piotroski F score. South Plains F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of South Plains Financial. 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 South Plains financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out South Plains Altman Z Score, South Plains Correlation, South Plains Valuation, as well as analyze South Plains Alpha and Beta and South Plains Hype Analysis.
  
As of now, South Plains' Debt To Assets are decreasing as compared to previous years. The South Plains' current Long Term Debt To Capitalization is estimated to increase to 0.39, while Net Debt is forecasted to increase to (199.8 M). As of now, South Plains' PB Ratio is decreasing as compared to previous years. The South Plains' current EV To Sales is estimated to increase to 1.62, while Price To Sales Ratio is projected to decrease to 1.72.
At this time, it appears that South Plains' Piotroski F Score is Poor. 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..
4.0
Piotroski F Score - Poor
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

Decrease

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

South Plains Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to South Plains is to make sure South is not a subject of accounting manipulations and runs a healthy internal audit department. So, if South Plains' 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 South Plains' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00980.0149
Way Down
Slightly volatile
Asset Turnover0.04310.0502
Fairly Down
Very volatile
Total Current Liabilities48.7 M51.3 M
Notably Down
Slightly volatile
Non Current Liabilities TotalB3.7 B
Way Down
Pretty Stable
Total Assets3.8 B4.2 B
Moderately Down
Slightly volatile
Total Current Assets967.4 M706.5 M
Significantly Up
Slightly volatile
Total Cash From Operating Activities59.2 M58.5 M
Fairly Up
Slightly volatile

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

About South Plains 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

22.31

As of now, South Plains' Book Value Per Share is increasing as compared to previous years.

South Plains Current Valuation Drivers

We derive many important indicators used in calculating different scores of South Plains from analyzing South Plains' financial statements. These drivers represent accounts that assess South Plains' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of South Plains' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap351.0M342.1M499.3M478.3M502.0M319.0M
Enterprise Value397.9M265.4M134.6M365.8M283.5M212.9M

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

About South Plains Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze South Plains Financial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of South Plains using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of South Plains Financial 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 South Plains Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of South Plains' 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 South Plains Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on South Plains Financial Stock:
Check out South Plains Altman Z Score, South Plains Correlation, South Plains Valuation, as well as analyze South Plains Alpha and Beta and South Plains Hype Analysis.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Regional Banks 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 South Plains. If investors know South 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 South Plains 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
(0.15)
Dividend Share
0.54
Earnings Share
2.57
Revenue Per Share
11.2
Quarterly Revenue Growth
(0.03)
The market value of South Plains Financial is measured differently than its book value, which is the value of South that is recorded on the company's balance sheet. Investors also form their own opinion of South Plains' value that differs from its market value or its book value, called intrinsic value, which is South Plains' 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 South Plains' market value can be influenced by many factors that don't directly affect South Plains' 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 South Plains' value and its price as these two are different measures arrived at by different means. Investors typically determine if South Plains is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, South Plains' 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.