Heska Piotroski F Score
HSKA   USA Stock  USD 175.71 12.41 7.60% 
Heska Piotroski F Score  Heska Piotroski F Score 
At this time, it appears that Heska Corp's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski FScore 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 longterm 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
1  Current Return On Assets  Negative 
2  Change in Return on Assets  Decreased 
3  Cash Flow Return on Assets  Negative 
4  Current Quality of Earnings (accrual)  Improving 
5  Asset Turnover Growth  Increase 
6  Current Ratio Change  Decrease 
7  Long Term Debt Over Assets Change  Higher Leverage 
8  Change In Outstending Shares  Decrease 
9  Change in Gross Margin  Increase 
Heska Corp Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Heska Corp is to make sure Heska is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Heska Corp'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 Heska Corp's financial numbers are properly reported.
Current Value  Last Year  Change From Last Year  10 Year Trend  

Weighted Average Shares  8.3 M  8.7 M 

 
Weighted Average Shares Diluted  8.5 M  8.7 M 

 
Net Cash Flow from Operations  (673.3 K)  (656 K) 

 
Total Assets  431.4 M  399.8 M 

 
Total Liabilities  121.7 M  112.8 M 

 
Current Assets  184.8 M  171.3 M 

 
Current Liabilities  34.5 M  42.1 M 

 
Total Debt  59.3 M  55 M 

 
Return on Average Assets  (0.039)  (0.038) 

 
Gross Margin  0.46  0.412 

 
Asset Turnover  0.66  0.522 


Heska Corp 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 Heska Corp's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Heska Corp in a muchoptimized way.
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About Heska Corp Piotroski F Score
FScore 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 FScore binary model can help to predict the performance of low pricetobook stocks.Book Value per Share  35.79 
Heska Corp Current Valuation Drivers
We derive many important indicators used in calculating different scores of Heska Corp from analyzing Heska Corp's financial statements. These drivers represent accounts that assess Heska Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Heska Corp's important valuation drivers and their relationship over time.
2016  2017  2018  2019  2020  2021 (projected)  
Net Income Per Employee  32.05 K  28.85 K  16.86 K  (3.79 K)  (23.85 K)  (24.48 K)  
Revenue Per Employee  396.72 K  374.9 K  367.28 K  317.77 K  326.88 K  303.68 K  
Average Assets  121.22 M  132.77 M  144.08 M  198.51 M  377.9 M  407.73 M  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  19.52 M  23.47 M  8.32 M  4.92 M  2.83 M  2.9 M  
Earnings Before Interest Taxes and Depreciation Amortization USD  19.52 M  23.47 M  8.32 M  4.92 M  2.83 M  2.9 M  
Earnings before Tax  14.85 M  18.87 M  3.73 M  (2.91 M)  (14.16 M)  (14.53 M)  
Average Equity  65.17 M  97.69 M  112.26 M  138.06 M  275.65 M  297.42 M  
Enterprise Value  486.78 M  579.91 M  650.22 M  720.66 M  1.35 B  1.46 B  
Free Cash Flow  2.44 M  7 M  9.2 M  2.25 M  (1.33 M)  (1.37 M)  
Invested Capital  59.39 M  83.76 M  92.26 M  128.15 M  182.08 M  196.45 M  
Invested Capital Average  66.29 M  76.59 M  85.66 M  124.15 M  172.91 M  186.57 M  
Market Capitalization  493.9 M  581.02 M  653.43 M  751.05 M  1.38 B  1.49 B  
Tangible Asset Value  101.85 M  106.8 M  120.01 M  196.75 M  255.57 M  275.75 M  
Working Capital  22.86 M  43.41 M  42.04 M  107.67 M  129.16 M  139.36 M 
About Heska Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Heska Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Heska Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Heska Corp 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.Heska Corporation manufactures, sells, and markets veterinary diagnostic and specialty products for canine and feline healthcare markets in the United States, Canada, Mexico, Australia, France, Germany, Italy, Malaysia, Spain, and Switzerland. Heska Corporation was founded in 1988 and is based in Loveland, Colorado. Heska Corp operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 602 people.
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Please check Heska Corp Altman Z Score, Heska Corp Correlation, Heska Corp Valuation, as well as analyze Heska Corp Alpha and Beta and Heska Corp Hype Analysis. Note that the Heska Corp information on this page should be used as a complementary analysis to other Heska Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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The market value of Heska Corp is measured differently than its book value, which is the value of Heska that is recorded on the company's balance sheet. Investors also form their own opinion of Heska Corp's value that differs from its market value or its book value, called intrinsic value, which is Heska Corp'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 Heska Corp's market value can be influenced by many factors that don't directly affect Heska Corp'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 Heska Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Heska Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heska Corp'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.