Enlight Renewable Energy Stock Piotroski F Score

ENLT Stock   16.84  0.74  4.60%   
This module uses fundamental data of Enlight Renewable to approximate its Piotroski F score. Enlight Renewable F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Enlight Renewable Energy. 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 Enlight Renewable financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Enlight Renewable Altman Z Score, Enlight Renewable Correlation, Enlight Renewable Valuation, as well as analyze Enlight Renewable Alpha and Beta and Enlight Renewable Hype Analysis.
  
At this time, Enlight Renewable's Long Term Debt is comparatively stable compared to the past year. Net Debt To EBITDA is likely to gain to 9.45 in 2024, whereas Short Term Debt is likely to drop slightly above 103.2 M in 2024. At this time, Enlight Renewable's Net Income Per Share is comparatively stable compared to the past year. Cash Per Share is likely to gain to 4.37 in 2024, whereas Free Cash Flow Yield is likely to drop (0.07) in 2024.
At this time, it appears that Enlight Renewable'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

Increase

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

Enlight Renewable Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Enlight Renewable is to make sure Enlight is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Enlight Renewable'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 Enlight Renewable's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.110.0552
Way Up
Slightly volatile
Gross Profit Margin0.340.5438
Way Down
Slightly volatile
Net Debt1.8 B2.3 B
Significantly Down
Slightly volatile
Total Current Liabilities358.3 M583.3 M
Way Down
Slightly volatile
Non Current Liabilities Total2.1 B2.6 B
Significantly Down
Slightly volatile
Total Assets3.3 B4.6 B
Way Down
Slightly volatile
Total Current Assets518.4 M664.6 M
Significantly Down
Slightly volatile

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

About Enlight Renewable 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

9.02

At this time, Enlight Renewable's Book Value Per Share is comparatively stable compared to the past year.

Enlight Renewable Current Valuation Drivers

We derive many important indicators used in calculating different scores of Enlight Renewable from analyzing Enlight Renewable's financial statements. These drivers represent accounts that assess Enlight Renewable's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Enlight Renewable's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap922.2M2.7B7.2B6.8B9.0B9.4B
Enterprise Value2.9B4.8B12.0B8.8B11.3B11.8B

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

About Enlight Renewable Fundamental Analysis

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

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