Canada Goose Holdings Stock Piotroski F Score

GOOS Stock  USD 9.47  0.08  0.85%   
This module uses fundamental data of Canada Goose to approximate its Piotroski F score. Canada Goose F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Canada Goose Holdings. 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 Canada Goose financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Canada Goose Altman Z Score, Canada Goose Correlation, Canada Goose Valuation, as well as analyze Canada Goose Alpha and Beta and Canada Goose Hype Analysis.
  
At this time, Canada Goose's Net Debt is comparatively stable compared to the past year. Long Term Debt Total is likely to gain to about 422.7 M in 2024, whereas Long Term Debt is likely to drop slightly above 253.8 M in 2024. At this time, Canada Goose's Income Quality is comparatively stable compared to the past year. ROE is likely to gain to 0.23 in 2024, whereas PTB Ratio is likely to drop 3.84 in 2024.
At this time, it appears that Canada Goose'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..
7.0
Piotroski F Score - Strong
Current Return On Assets

Positive

Focus
Change in Return on Assets

Decreased

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

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Canada Goose Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Canada Goose is to make sure Canada is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Canada Goose'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 Canada Goose's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.03740.0394
Notably Down
Very volatile
Asset Turnover0.970.9002
Significantly Up
Pretty Stable
Gross Profit Margin0.460.6878
Way Down
Slightly volatile
Net Debt612.7 M583.5 M
Sufficiently Up
Slightly volatile
Total Current Liabilities200.3 M309.9 M
Way Down
Slightly volatile
Non Current Liabilities Total439.9 M748.2 M
Way Down
Slightly volatile
Total AssetsB1.5 B
Way Down
Slightly volatile
Total Current Assets540.5 M740.8 M
Way Down
Slightly volatile

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

About Canada Goose 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

2.62

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

Canada Goose Current Valuation Drivers

We derive many important indicators used in calculating different scores of Canada Goose from analyzing Canada Goose's financial statements. These drivers represent accounts that assess Canada Goose's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canada Goose's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap3.1B5.4B3.6B2.7B1.7B2.6B
Enterprise Value3.4B5.6B3.9B3.2B2.3B3.0B

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

About Canada Goose Fundamental Analysis

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

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