Delving into The Charts on Regis Healthcare Limited (ASX:REG)

Traders and investors tracking shares of Regis Healthcare Limited (ASX:REG) may be examining the company’s FCF or Free Cash Flow. FCF is a measure of a company’s financial health. FCF is calculated by subtracting capital expenditures from operating cash flow. Currently, Regis Healthcare Limited (ASX:REG) has an FCF score of -0.082828. The FCF score is an indicator that is calculated by combining free cash flow stability with free cash flow growth. Typically, a higher FCF score value would indicate high free cash flow growth. The company currently has an FCF quality score of 1.183599. The free quality score helps estimate free cash flow stability. FCF quality is calculated as the 12 ltm cash flow per share over the average of the cash flow numbers. With this score, it is generally considered that the lower the ratio, the better.

Regis Healthcare Limited (ASX:REG) has a current 6 month price index of 1.15519. The six month price index is calculated by dividing the current share price by the share price six months ago. A ratio greater than one indicates an increase in share price over the period. A ratio under one shows that there has been a price decrease over the time period. We can also take a quick look at some volatility percentages calculated using the daily log of normal returns along with the standard deviation of the share price over the specific time period annualized. Many investors may develop trading strategies that include highly volatile stocks, while others may look to avoid high volatility at all costs. Regis Healthcare Limited (ASX:REG)’s 12 month volatility is currently 28.201900. 6 month volatility is 29.649500, and the 3 month clocks in at 24.371700.

Investors may also be checking in on the Piotroski Score or F-Score. The score is named after its creator Joseph Piotroski who developed a ranking scale from 0-9 to help determine the financial strength of a company. Regis Healthcare Limited (ASX:REG) currently has a Piotroski Score of 6. To arrive at this score, Piotroski gave one point for every piece of criteria met out of the nine considered. In terms of profitability, one point was given if there was a positive return on assets in the current year, one point if operating cash flow was positive in the current year, one point for higher ROA in the current period compared to ROA for the previous year, and one point for cash flow from operations greater than ROA. In terms of leverage and liquidity, one point was given for a lower ratio of long term debt in the current period compared to the previous year, one point was given for higher current ratio compared to the previous year, and one point if no new shares were issued in the last year. In terms of operating efficiency, one point was given for higher gross margin compared to the previous year, and one point was given for a higher asset turnover ratio compared to the previous year. In general, a stock with a score of 8 or 9 would be considered strong while a stock with a score from 0-2 would be considered weak.

Digging a little deeper, we can examine the Q.i. (Liquidity) Value. Regis Healthcare Limited has a current Q.i. value of 34.00000. This value ranks companies using EBITDA yield, FCF yield, earnings yield and liquidity ratios. The Q.i. value may help detect companies that are undervalued. A higher value would indicate low turnover and a higher chance of shares being mispriced. A lower value may signal higher traded value meaning more analysts may track the company leading to a lesser chance shares are priced incorrectly.

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