North European Oil Stock Piotroski F Score

NRT Stock  USD 4.30  0.83  16.18%   
This module uses fundamental data of North European to approximate its Piotroski F score. North European F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of North European Oil. 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 North European financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out North European Altman Z Score, North European Correlation, North European Valuation, as well as analyze North European Alpha and Beta and North European Hype Analysis.
  
Net Debt is likely to drop to about (960.2 K) in 2024. Net Debt To EBITDA is likely to drop to -0.04 in 2024. At this time, North European's Graham Number is comparatively stable compared to the past year. Shareholders Equity Per Share is likely to gain to 0.10 in 2024, whereas Operating Cash Flow Per Share is likely to drop 1.87 in 2024.
At this time, it appears that North European'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)

Decreasing

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

N/A

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

North European Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to North European is to make sure North is not a subject of accounting manipulations and runs a healthy internal audit department. So, if North European'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 North European's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets25.1623.96
Sufficiently Up
Slightly volatile
Asset Turnover26.1624.92
Sufficiently Up
Slightly volatile
Gross Profit Margin1.071.1
Fairly Down
Slightly volatile
Total Assets679.9 K715.7 K
Notably Down
Slightly volatile
Total Current Assets679.9 K715.7 K
Notably Down
Slightly volatile
Total Cash From Operating Activities12.2 M15.4 M
Significantly Down
Pretty Stable

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

About North European 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

9.73 Million

At this time, North European's Common Stock Shares Outstanding is comparatively stable compared to the past year.

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

About North European Fundamental Analysis

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

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