Montrose Environmental Grp Stock Piotroski F Score

MEG Stock  USD 18.72  0.58  3.20%   
This module uses fundamental data of Montrose Environmental to approximate its Piotroski F score. Montrose Environmental F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Montrose Environmental Grp. 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 Montrose Environmental financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Montrose Environmental Altman Z Score, Montrose Environmental Correlation, Montrose Environmental Valuation, as well as analyze Montrose Environmental Alpha and Beta and Montrose Environmental Hype Analysis.
  
At this time, Montrose Environmental's Debt To Equity is most likely to slightly decrease in the upcoming years. The Montrose Environmental's current Debt To Assets is estimated to increase to 0.32, while Long Term Debt Total is projected to decrease to roughly 135.9 M. At this time, Montrose Environmental's Free Cash Flow Yield is most likely to increase slightly in the upcoming years. The Montrose Environmental's current Operating Cash Flow Per Share is estimated to increase to 1.96, while Days Sales Outstanding is projected to decrease to 77.38.
At this time, it appears that Montrose Environmental's Piotroski F Score is Poor. 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..
4.0
Piotroski F Score - Poor
Current Return On Assets

Negative

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

Decrease

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

Montrose Environmental Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Montrose Environmental is to make sure Montrose is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Montrose Environmental'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 Montrose Environmental's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.760.7642
Slightly Down
Slightly volatile
Gross Profit Margin0.260.385
Way Down
Slightly volatile
Net Debt131.4 M187.1 M
Way Down
Slightly volatile
Total Current Liabilities117.2 M126.3 M
Significantly Down
Very volatile
Non Current Liabilities Total205.5 M216.3 M
Notably Down
Slightly volatile
Total Assets1.4 B816.8 M
Way Up
Slightly volatile
Total Current Assets234.8 M200.9 M
Fairly Up
Very volatile

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

About Montrose Environmental 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

28.83 Million

At this time, Montrose Environmental's Common Stock Shares Outstanding is most likely to increase significantly in the upcoming years.

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

About Montrose Environmental Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Montrose Environmental Grp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Montrose Environmental using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Montrose Environmental Grp 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 Montrose Environmental is a strong investment it is important to analyze Montrose Environmental'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 Montrose Environmental's future performance. For an informed investment choice regarding Montrose Stock, refer to the following important reports:
Is Environmental & Facilities Services 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 Montrose Environmental. If investors know Montrose 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 Montrose Environmental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.48)
Revenue Per Share
21.013
Quarterly Revenue Growth
0.064
Return On Assets
(0.01)
Return On Equity
(0.07)
The market value of Montrose Environmental is measured differently than its book value, which is the value of Montrose that is recorded on the company's balance sheet. Investors also form their own opinion of Montrose Environmental's value that differs from its market value or its book value, called intrinsic value, which is Montrose Environmental'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 Montrose Environmental's market value can be influenced by many factors that don't directly affect Montrose Environmental'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 Montrose Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Montrose Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Montrose Environmental'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.