Mfs High Income Stock Piotroski F Score

CXE Stock  USD 3.78  0.01  0.26%   
This module uses fundamental data of MFS High to approximate its Piotroski F score. MFS High F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of MFS High Income. 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 MFS High financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out MFS High Altman Z Score, MFS High Correlation, MFS High Valuation, as well as analyze MFS High Alpha and Beta and MFS High Hype Analysis.
  
At present, MFS High's Net Debt is projected to decrease significantly based on the last few years of reporting. The current year's Interest Debt Per Share is expected to grow to 5.36, whereas Long Term Debt Total is forecasted to decline to about 78 M. At present, MFS High's Days Sales Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Free Cash Flow Yield is expected to grow to 0.12, whereas PTB Ratio is forecasted to decline to 0.67.
At this time, it appears that MFS High'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..
6.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

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

No Change

Focus

MFS High Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to MFS High is to make sure MFS is not a subject of accounting manipulations and runs a healthy internal audit department. So, if MFS High'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 MFS High's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Debt75.4 M73.3 M
Fairly Up
Slightly volatile
Total Current Liabilities2.4 M2.9 M
Significantly Down
Slightly volatile
Non Current Liabilities Total68 M73.3 M
Significantly Down
Slightly volatile
Total Assets211.6 M189.3 M
Moderately Up
Slightly volatile
Total Current Assets4.5 M4.6 M
Sufficiently Down
Pretty Stable
Total Cash From Operating Activities12.1 M11.5 M
Sufficiently Up
Very volatile

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

About MFS High 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

24.81 Million

At present, MFS High's Common Stock Shares Outstanding is projected to decrease significantly based on the last few years of reporting.

About MFS High Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze MFS High Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MFS High using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MFS High Income 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 MFS High Income is a strong investment it is important to analyze MFS High'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 MFS High's future performance. For an informed investment choice regarding MFS Stock, refer to the following important reports:
Check out MFS High Altman Z Score, MFS High Correlation, MFS High Valuation, as well as analyze MFS High Alpha and Beta and MFS High Hype Analysis.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Asset Management & Custody 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 MFS High. If investors know MFS 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 MFS High 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
1.694
Dividend Share
0.161
Earnings Share
0.18
Revenue Per Share
0.32
Quarterly Revenue Growth
(0.03)
The market value of MFS High Income is measured differently than its book value, which is the value of MFS that is recorded on the company's balance sheet. Investors also form their own opinion of MFS High's value that differs from its market value or its book value, called intrinsic value, which is MFS High'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 MFS High's market value can be influenced by many factors that don't directly affect MFS High'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 MFS High's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS High'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.