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Validea Joseph Piotroski Strategy Daily Upgrade Report - 5/4/2021

The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. This value-quant strategy screens for high book-to-market stocks, and then separates out financially sound firms by looking at a host of improving financial criteria.

NORDIC AMERICAN TANKER LTD (NAT) is a small-cap value stock in the Water Transportation industry. The rating according to our strategy based on Joseph Piotroski changed from 60% to 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Nordic American Tankers Limited is an international tanker company. The Company's fleet consists of approximately 23 Suezmax crude oil tankers. It operates its vessels either in the spot market or on shorter-term time charters. Its tankers operating in the spot market are chartered for a single voyage. The vessels in the Company's fleet are homogenous and interchangeable. The Company's vessels include Nordic Light, Nordic Cross, Nordic Luna, Nordic Castor, Nordic Sirius, Nordic Pollux, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus and Nordic Tellus. Its subsidiaries include Scandic American Shipping Ltd., NAT Chartering Ltd. and NAT Bermuda Holdings Limited.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

BOOK/MARKET RATIO:PASS
RETURN ON ASSETS:PASS
CHANGE IN RETURN ON ASSETS:PASS
CASH FLOW FROM OPERATIONS:PASS
CASH COMPARED TO NET INCOME:PASS
CHANGE IN LONG TERM DEBT/ASSETSPASS
CHANGE IN CURRENT RATIO:PASS
CHANGE IN SHARES OUTSTANDING:FAIL
CHANGE IN GROSS MARGIN:PASS
CHANGE IN ASSET TURNOVER:PASS

Detailed Analysis of NORDIC AMERICAN TANKER LTD

Full Guru Analysis for NAT

Full Factor Report for NAT

JOYY INC (ADR) (YY) is a mid-cap value stock in the Computer Services industry. The rating according to our strategy based on Joseph Piotroski changed from 50% to 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: JOYY Inc., formerly YY Inc. (YY), is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company's segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. It owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company's YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan. Its product, YY Client, enables users to engage in live interactions online. Its Web-based YY enables users to conduct real-time interactions through Web browsers without requiring any downloads or installations.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

BOOK/MARKET RATIO:PASS
RETURN ON ASSETS:FAIL
CHANGE IN RETURN ON ASSETS:PASS
CASH FLOW FROM OPERATIONS:PASS
CASH COMPARED TO NET INCOME:PASS
CHANGE IN LONG TERM DEBT/ASSETSPASS
CHANGE IN CURRENT RATIO:PASS
CHANGE IN SHARES OUTSTANDING:PASS
CHANGE IN GROSS MARGIN:PASS
CHANGE IN ASSET TURNOVER:PASS

Detailed Analysis of JOYY INC (ADR)

Full Guru Analysis for YY

Full Factor Report for YY

MITSUI & CO LTD (ADR) (MITSY) is a large-cap value stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on Joseph Piotroski changed from 60% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Mitsui & Co., Ltd. is a general trading company. The Company operates in seven business segments. The Steel Products segment provides infrastructure steels, auto parts, energy steels and others. The Metal Resources segment provides iron ore, coal, copper, nickel, aluminum, and others. The Machinery and Infrastructure segment provides products and services such as electricity, marine energy, gas distribution, water, logistics and others. The Chemicals segment provides petrochemical raw materials and products, inorganic raw materials and products, agricultural materials. The Energy segment provides oil, natural gas, petroleum products, environment and next-generation energy. The Lifestyle Industry segment provides food, textiles, healthcare and outsourcing services. The Next Generation and Function Promotion segment develops businesses related to asset management, leasing, insurance, buyout investment and others.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

BOOK/MARKET RATIO:PASS
RETURN ON ASSETS:PASS
CHANGE IN RETURN ON ASSETS:FAIL
CASH FLOW FROM OPERATIONS:PASS
CASH COMPARED TO NET INCOME:PASS
CHANGE IN LONG TERM DEBT/ASSETSPASS
CHANGE IN CURRENT RATIO:PASS
CHANGE IN SHARES OUTSTANDING:PASS
CHANGE IN GROSS MARGIN:FAIL
CHANGE IN ASSET TURNOVER:PASS

Detailed Analysis of MITSUI & CO LTD (ADR)

Full Guru Analysis for MITSY

Full Factor Report for MITSY

More details on Validea's Joseph Piotroski strategy

About Joseph Piotroski: Piotroski isn't your typical Wall Street big shot. In fact, he's not even a professional investor. He's a good old numbers-crunching accountant and college professor. But in 2000, shortly after he started teaching at the University of Chicago's Graduate School of Business, Piotroski published a groundbreaking paper in the Journal of Accounting Research entitled "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers". In it, Piotroski laid out an accounting-based stock-selection/shorting method that produced a 23 percent average annual back-tested return from 1976 through 1996 -- more than double the S&P 500's gain during that time. Piotroski's findings were reported in major financial publiations like SmartMoney. Today, he teaches accounting at Stanford University's Graduate School of Business.

About Validea: Validea is an investment research service that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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