Forge Innovation Development Corp. (OTCPK:FGNV) has a current MF Rank of 13922. The Magic Formula was developed by hedge fund manager Joel Greenblatt, the intention of the formula is to unveil high quality companies that are trading at an attractive price.
Even extremely solid stocks can sporadically face setbacks. There is no shortage of news regarding publically traded companies, and investors frequently have the tricky job of deciding what information is worth taking a closer look at. Making trading decisions based on one piece of data may not be the optimal season of action. When there is negative information about a firm, investors may be quick to sell without viewing deeper into the numbers. On the flip side, investors may be super quick to buy on good news without fully researching the stock.
Free Cash Flow Growth (FCF Growth) is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year’s free cash flow. The FCF Growth of Forge Innovation Development Corp. (OTCPK:FGNV) is . Free cash flow (FCF) is the cash produced by the firm minus capital expenditure. This cash is what a firm uses to meet its financial obligations, such as making payments on debt or to pay out dividends.
The Free Cash Flow Score (FCF Score) is a useful mechanism in calculating the free cash flow growth with free cash flow stability – this gives investors the overall quality of the free cash flow. The FCF Score of Forge Innovation Development Corp. (OTCPK:FGNV) is . Experts say the higher the value, the better, as it means that the free cash flow is high, or the variability of free cash flow is low or both.
The Return on Invested Capital (aka ROIC) for Forge Innovation Development Corp. (OTCPK:FGNV) is -0.896057. The Return on Invested Capital is a ratio that determines whether a firm is profitable or not. It tells investors how well a firm is turning their capital into profits. The ROIC is determined by dividing the net operating profit (or EBIT) by the employed capital. The employed capital is determined by subrating current liabilities from total assets. Similarly, the Return on Invested Capital Quality ratio is a mechanism in evaluating the quality of a firm’s ROIC over the season of five years. The ROIC Quality of Forge Innovation Development Corp. (OTCPK:FGNV) is . This is determined by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC. The ROIC 5 year average is determined using the five year average EBIT, five year average (net working capital and net fixed assets). The ROIC 5 year average of Forge Innovation Development Corp. (OTCPK:FGNV) is .
Shareholder Yield
The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a firm through a combination of dividends, share repurchases and debt reduction. The Shareholder Yield of Forge Innovation Development Corp. (OTCPK:FGNV) is 0.000000. This percentage is determined by adding the dividend yield plus the percentage of shares repurchased. Dividends are a common way that companies distribute cash to their shareholders. Similarly, cash repurchases and a reduction of debt can boost the shareholder value, too. Another way to understand the effectiveness of a firm’s distributions is by viewing at the Shareholder yield (Mebane Faber). The Shareholder Yield (Mebane Faber) of Forge Innovation Development Corp. OTCPK:FGNV is . This number is determined by viewing at the measure of the dividend yield plus percentage of sales repurchased and net debt repaid yield.
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The Value Composite One (VC1) is a method that investors use to understand a firm’s value. The VC1 of Forge Innovation Development Corp. (OTCPK:FGNV) is 81. A firm with a value of 0 is thought to be an undervalued firm, while a firm with a value of 100 is considered an overvalued firm. The VC1 is determined using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings. Similarly, the Value Composite Two (VC2) is determined with the same ratios, but adds the Shareholder Yield. The Value Composite Two of Forge Innovation Development Corp. (OTCPK:FGNV) is 77.
Investors may be interested in studying the Gross Margin score on shares of Forge Innovation Development Corp. (OTCPK:FGNV). The name presently has a score of 50.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.
ERP5 Rank
The ERP5 Rank is an investment mechanism that analysts use to unveil undervalued companies. The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The ERP5 of Forge Innovation Development Corp. (OTCPK:FGNV) is 19408. The lower the ERP5 rank, the more undervalued a firm is thought to be.
C-Score - Montier
Forge Innovation Development Corp. (OTCPK:FGNV) presently has a Montier C-score of -1.00000. This indicator was developed by James Montier in an attempt to identify firms that were cooking the books in order to appear better on paper. The score ranges from zero to six where a 0 would indicate no evidence of book cooking, and a 6 would indicate a high likelihood. A C-score of -1 would indicate that there is not enough information available to add up the score. Montier used six inputs in the calculation. These inputs included a growing difference between net income and cash flow from operations, increasing receivable days, growing day’s sales of inventory, increasing nonstandard current assets, decrease in depreciation relative to gross property plant and equipment, and high total asset growth.
F Score
At the time of writing, Forge Innovation Development Corp. (OTCPK:FGNV) has a Piotroski F-Score of 4. The F-Score may aid unveil companies with strengthening balance sheets. The score may also be used to unveil the weak performers. Joseph Piotroski developed the F-Score which employs nine nonstandard variables based on the firm financial statement. A single point is assigned to each test that a stock passes. Typically, a stock scoring an 8 or 9 would be seen as strong. On the nonstandard end, a stock with a score from 0-2 would be viewed as weak.
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The MF Rank developed by hedge fund manager Joel Greenblatt, is intended unveil high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks. Crednology Holding Corporation (OTCPK:COHO) has a current MF Rank of 8321.
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Free Cash Flow Growth (FCF Growth) is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year’s free cash flow. The FCF Growth of Crednology Holding Corporation (OTCPK:COHO) is . Free cash flow (FCF) is the cash produced by the firm minus capital expenditure. This cash is what a firm uses to meet its financial obligations, such as making payments on debt or to pay out dividends. The Free Cash Flow Score (FCF Score) is a useful mechanism in calculating the free cash flow growth with free cash flow stability – this gives investors the overall quality of the free cash flow. The FCF Score of Crednology Holding Corporation (OTCPK:COHO) is . Experts say the higher the value, the better, as it means that the free cash flow is high, or the variability of free cash flow is low or both.
Investors may be interested in studying the Gross Margin score on shares of Crednology Holding Corporation (OTCPK:COHO). The name presently has a score of 2.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.
The Return on Invested Capital (aka ROIC) for Crednology Holding Corporation (OTCPK:COHO) is 0.127854. The Return on Invested Capital is a ratio that determines whether a firm is profitable or not. It tells investors how well a firm is turning their capital into profits. The ROIC is determined by dividing the net operating profit (or EBIT) by the employed capital. The employed capital is determined by subrating current liabilities from total assets. Similarly, the Return on Invested Capital Quality ratio is a mechanism in evaluating the quality of a firm’s ROIC over the season of five years. The ROIC Quality of Crednology Holding Corporation (OTCPK:COHO) is 0.937453. This is determined by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC. The ROIC 5 year average is determined using the five year average EBIT, five year average (net working capital and net fixed assets). The ROIC 5 year average of Crednology Holding Corporation (OTCPK:COHO) is 0.097468.
Shareholder Yield
The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a firm through a combination of dividends, share repurchases and debt reduction. The Shareholder Yield of Crednology Holding Corporation (OTCPK:COHO) is . This percentage is determined by adding the dividend yield plus the percentage of shares repurchased. Dividends are a common way that companies distribute cash to their shareholders. Similarly, cash repurchases and a reduction of debt can boost the shareholder value, too. Another way to understand the effectiveness of a firm’s distributions is by viewing at the Shareholder yield (Mebane Faber). The Shareholder Yield (Mebane Faber) of Crednology Holding Corporation OTCPK:COHO is -0.56936. This number is determined by viewing at the measure of the dividend yield plus percentage of sales repurchased and net debt repaid yield.
The Value Composite One (VC1) is a method that investors use to understand a firm’s value. The VC1 of Crednology Holding Corporation (OTCPK:COHO) is 55. A firm with a value of 0 is thought to be an undervalued firm, while a firm with a value of 100 is considered an overvalued firm. The VC1 is determined using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings. Similarly, the Value Composite Two (VC2) is determined with the same ratios, but adds the Shareholder Yield. The Value Composite Two of Crednology Holding Corporation (OTCPK:COHO) is 56.
Key Ratios
Crednology Holding Corporation (OTCPK:COHO) currently has a current ratio of 1.30. The current ratio, also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. The ratio is simply determined by dividing current liabilities by current assets. The ratio may be used to provide an idea of the ability of a certain firm to pay back its liabilities with assets. Typically, the higher the current ratio the better, as the firm may be more capable of paying back its obligations.
Crednology Holding Corporation (OTCPK:COHO)’s Leverage Ratio was recently noted as . This ratio is determined by dividing total debt by total assets plus total assets previous year, divided by two. The leverage of a firm is relative to the amount of debt on the balance sheet. This ratio is frequently viewed as one add up of the financial health of a company.
The Price to book ratio is the current stock price of a firm divided by the book value per share. The Price to Book ratio for Crednology Holding Corporation OTCPK:COHO is 3.130801. A lower price to book ratio reveals that the stock might be undervalued. Similarly, Price to cash flow ratio is another useful ratio in determining a firm’s value. The Price to Cash Flow for Crednology Holding Corporation (OTCPK:COHO) is 45.231842. This ratio is determined by dividing the market value of a firm by cash from operating activities. Additionally, the price to earnings ratio is another leading way for analysts and investors to understand a firm’s profitability. The price to earnings ratio for Crednology Holding Corporation (OTCPK:COHO) is 30.693035. This ratio is found by taking the current stock price and dividing by EPS.
Investors are constantly hunting for bargains when picking stocks. There may be times when a particular stock might be flying under the radar, but is usually only a matter of time before someone catches on. Investors might be widening their stock focus to find these undervalued names. This may include small caps, foreign stocks, or stocks that just haven’t become household names. Expanding the scope of interest may aid the investor unveil areas of future opportunity. Although there are plenty of investors who will stick to the solid, historically steady stocks, there are plenty more that are searching for that next big winner that will give the portfolio a big bump.
