Midland States Bancorp Stock Piotroski F Score

MSBIP Stock  USD 25.12  0.01  0.04%   
This module uses fundamental data of Midland States to approximate its Piotroski F score. Midland States F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Midland States Bancorp. 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 Midland States financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Midland States Altman Z Score, Midland States Correlation, Midland States Valuation, as well as analyze Midland States Alpha and Beta and Midland States Hype Analysis.
  
At this time, Midland States' Net Debt is relatively stable compared to the past year. As of 12/04/2024, Long Term Debt is likely to grow to about 504.2 M, while Net Debt To EBITDA is likely to drop 2.82. At this time, Midland States' Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 12/04/2024, Capex To Revenue is likely to grow to 0.04, while Free Cash Flow Yield is likely to drop 0.19.
At this time, it appears that Midland States' 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

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

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Midland States Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Midland States is to make sure Midland is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Midland States' 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 Midland States' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00910.0096
Notably Down
Very volatile
Asset Turnover0.05090.0514
Slightly Down
Slightly volatile
Total Current Liabilities3.5 B3.3 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total7.4 BB
Sufficiently Up
Slightly volatile
Total Assets4.8 B7.9 B
Way Down
Slightly volatile
Total Current Assets802.8 M633.3 M
Significantly Up
Slightly volatile
Total Cash From Operating Activities133 M154.6 M
Fairly Down
Slightly volatile

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

About Midland States 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

46.46

At this time, Midland States' Book Value Per Share is relatively stable compared to the past year.

Midland States Current Valuation Drivers

We derive many important indicators used in calculating different scores of Midland States from analyzing Midland States' financial statements. These drivers represent accounts that assess Midland States' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Midland States' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap703.4M417.0M557.3M594.7M609.5M355.9M
Enterprise Value995.9M1.0B343.8M1.0B1.1B1.1B

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

About Midland States Fundamental Analysis

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

Pair Trading with Midland States

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Midland States position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Midland States will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Midland States could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Midland States when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Midland States - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Midland States Bancorp to buy it.
The correlation of Midland States is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Midland States moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Midland States Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Midland States can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Midland Stock Analysis

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