Stock Yards Bancorp Stock Piotroski F Score

SYBT Stock  USD 73.13  0.67  0.92%   
This module uses fundamental data of Stock Yards to approximate its Piotroski F score. Stock Yards F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Stock Yards 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 Stock Yards financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Stock Yards Altman Z Score, Stock Yards Correlation, Stock Yards Valuation, as well as analyze Stock Yards Alpha and Beta and Stock Yards Hype Analysis.
  
At this time, Stock Yards' Short and Long Term Debt Total is comparatively stable compared to the past year. Net Debt is likely to gain to about 138.9 M in 2024, whereas Debt To Assets are likely to drop 0.02 in 2024. At this time, Stock Yards' PFCF Ratio is comparatively stable compared to the past year. Income Quality is likely to gain to 1.00 in 2024, whereas Days Sales Outstanding is likely to drop 45.11 in 2024.
At this time, it appears that Stock Yards' 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

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

Stock Yards Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Stock Yards is to make sure Stock is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Stock Yards' 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 Stock Yards' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.01050.0132
Significantly Down
Pretty Stable
Asset Turnover0.05640.0397
Significantly Up
Slightly volatile
Total Current Liabilities6.4 B6.1 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total7.7 B7.3 B
Sufficiently Up
Slightly volatile
Total Assets8.6 B8.2 B
Sufficiently Up
Slightly volatile
Total Current Assets252.7 M266 M
Notably Down
Slightly volatile
Total Cash From Operating Activities112 M106.7 M
Sufficiently Up
Slightly volatile

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

About Stock Yards 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

30.84

At this time, Stock Yards' Book Value Per Share is comparatively stable compared to the past year.

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

About Stock Yards Fundamental Analysis

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

Thematic Opportunities

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Additional Tools for Stock Stock Analysis

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