Allegheny Technologies Incorporated Stock Piotroski F Score

ATI Stock  USD 60.12  0.51  0.84%   
This module uses fundamental data of Allegheny Technologies to approximate its Piotroski F score. Allegheny Technologies F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Allegheny Technologies Incorporated. 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 Allegheny Technologies financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Allegheny Technologies Altman Z Score, Allegheny Technologies Correlation, Allegheny Technologies Valuation, as well as analyze Allegheny Technologies Alpha and Beta and Allegheny Technologies Hype Analysis.
  
As of now, Allegheny Technologies' Interest Debt Per Share is increasing as compared to previous years. The Allegheny Technologies' current Debt To Assets is estimated to increase to 0.46, while Short and Long Term Debt Total is projected to decrease to under 1.2 B. As of now, Allegheny Technologies' EV To Sales is increasing as compared to previous years. The Allegheny Technologies' current ROIC is estimated to increase to 0.20, while Dividend Yield is projected to decrease to 0.01.
At this time, it appears that Allegheny Technologies' 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

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Allegheny Technologies Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Allegheny Technologies is to make sure Allegheny is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Allegheny Technologies' 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 Allegheny Technologies' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.020.8372
Fairly Up
Pretty Stable
Gross Profit Margin0.170.1923
Fairly Down
Pretty Stable
Net Debt806 M1.4 B
Way Down
Pretty Stable
Total Current Liabilities764.3 M977.1 M
Significantly Down
Very volatile
Non Current Liabilities Total2.1 B2.5 B
Fairly Down
Very volatile
Total Assets4.6 BB
Significantly Down
Pretty Stable
Total Current AssetsB2.7 B
Way Down
Pretty Stable

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

About Allegheny Technologies 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

117.98 Million

As of now, Allegheny Technologies' Common Stock Shares Outstanding is increasing as compared to previous years.

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

About Allegheny Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Allegheny Technologies Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allegheny Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allegheny Technologies Incorporated 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 Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' 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 Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:
Is Metals & Mining 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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
(0.07)
Earnings Share
2.6
Revenue Per Share
33.577
Quarterly Revenue Growth
0.025
Return On Assets
0.0557
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.