This module uses fundamental data of Viemed Healthcare to approximate its Piotroski F score. Viemed Healthcare F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Viemed Healthcare. 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 Viemed Healthcare financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Viemed Healthcare Altman Z Score, Viemed Healthcare Correlation, Viemed Healthcare Valuation, as well as analyze Viemed Healthcare Alpha and Beta and Viemed Healthcare Hype Analysis.
The current year's Short and Long Term Debt Total is expected to grow to about 7.6 M, whereas Net Debt is projected to grow to (10.1 M). At present, Viemed Healthcare's PTB Ratio is projected to increase slightly based on the last few years of reporting. The current year's Days Sales Outstanding is expected to grow to 59.31, whereas Operating Cash Flow Per Share is forecasted to decline to 0.54.
At this time, it appears that Viemed Healthcare'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..
The critical factor to consider when applying the Piotroski F Score to Viemed Healthcare is to make sure Viemed is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Viemed Healthcare'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 Viemed Healthcare's financial numbers are properly reported.
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 Viemed Healthcare's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Viemed Healthcare in a much-optimized way.
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
36.95 Million
At present, Viemed Healthcare's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting.
Viemed Healthcare Current Valuation Drivers
We derive many important indicators used in calculating different scores of Viemed Healthcare from analyzing Viemed Healthcare's financial statements. These drivers represent accounts that assess Viemed Healthcare's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Viemed Healthcare's important valuation drivers and their relationship over time.
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, Viemed Healthcare's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Viemed Healthcare's managers, analysts, and investors.
Environmental
Governance
Social
About Viemed Healthcare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Viemed Healthcare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Viemed Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Viemed Healthcare 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.
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 Viemed Healthcare is a strong investment it is important to analyze Viemed Healthcare'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 Viemed Healthcare's future performance. For an informed investment choice regarding Viemed Stock, refer to the following important reports:
For information on how to trade Viemed Stock refer to our How to Trade Viemed Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Health Care Equipment & Supplies 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 Viemed Healthcare. If investors know Viemed 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 Viemed Healthcare 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
0.5
Earnings Share
0.3
Revenue Per Share
5.979
Quarterly Revenue Growth
0.169
Return On Assets
0.0611
The market value of Viemed Healthcare is measured differently than its book value, which is the value of Viemed that is recorded on the company's balance sheet. Investors also form their own opinion of Viemed Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Viemed Healthcare'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 Viemed Healthcare's market value can be influenced by many factors that don't directly affect Viemed Healthcare'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 Viemed Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Viemed Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Viemed Healthcare'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.