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Mohanram G-Score is a financial indicator developed by professor Partha Mohanram to help investors find the best investment opportunities in the growth stocks. Companies have higher G-score tends to generate higher return. According to his study, the best growth stocks that have a G-Score greater than 6 tend to beat the market, while those with a G-Score lower than 1 tend to have negative absolute returns.
Thus, the zones of discrimination were as such:
Good or high score = 6, 7, 8
Bad or low score = 0, 1
Staar Surgical Co has an G-score of 7. It is a good or high score, which tends to beat the market.
The historical rank and industry rank for Staar Surgical Co's Mohanram G-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski G-score of Staar Surgical Co was 8. The lowest was 2. And the median was 6.
The historical data trend for Staar Surgical Co's Mohanram G-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Staar Surgical Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Mohanram G-Score | Get a 7-Day Free Trial | 7.00 | 7.00 | 7.00 | 6.00 | 7.00 |
Staar Surgical Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Mohanram G-Score | Get a 7-Day Free Trial | 6.00 | 6.00 | 6.00 | 7.00 | 7.00 |
For the Medical Instruments & Supplies subindustry, Staar Surgical Co's Mohanram G-Score, along with its competitors' market caps and Mohanram G-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Medical Devices & Instruments industry and Healthcare sector, Staar Surgical Co's Mohanram G-Score distribution charts can be found below:
* The bar in red indicates where Staar Surgical Co's Mohanram G-Score falls into.
The calculation of the Mohanram G-score consists of eight criteria. Assign one point for each criterion met, then add up all the points to get the G-Score.
Profitability
Question 1. Return on Assets (ROA)
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. It measures how well a company uses its asset to generate earnings.
Score 1 if ROA > ROA Industry Median, 0 otherwise.
Question 2. Cash ROA
Cash ROA equals to Cash Flow from Operations divided by average Total Assets. It measures how well a company uses its asset to generate cash.
Score 1 if Cash ROA > Cash ROA Industry Median, 0 otherwise.
Question 3. CFO and Net Income
Score 1 if CFO > Net Income, 0 otherwise.
Earnings Predictability
Question 4. Earnings Variability
Earnings Variability is measured as the variance of a firm's ROA in the past five years.
Score 1 if Earnings Variability < Earnings Variability Industry Median, 0 otherwise.
Question 5. Sales Growth Variability
Sales Growth Variability is measured as the 5-year variance in sales growth.
Score 1 if Sales Growth Variability < Sales Growth Variability Industry Median, 0 otherwise.
Accounting Conservatism
Question 6. Research & Development Intensity
Research & Development Intensity is calcualted by Research & Development divided by the beginning Total Assets.
Score 1 if Research & Development Intensity > Research & Development Intensity Industry Median, 0 otherwise.
Question 7. CAPEX Intensity
CAPEX Intensity is calcualted by Capital Expenditure divided by the beginning Total Assets.
Score 1 if CAPEX Intensity > CAPEX Intensity Industry Median, 0 otherwise.
Question 8. Advertising Expenditure Intensity
Advertising Expenditure Intensity is calcualted by Advertising Expenditure divided by the beginning Total Assets. Note that Advertising Expenditure is not reported as a seperate line item for many companies, thus Selling, General, & Admin. Expense is used in this calculation.
Score 1 if Advertising Expenditure Intensity > Advertising Expenditure Intensity Industry Median, 0 otherwise.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Note that all the Industry Median used for comparison in his original research, are substituted with Sector Median due to the limitation of data within certain countries.
Good or high score = 6, 7, 8
Bad or low score = 0, 1
Staar Surgical Co has an G-score of 7. It is a good or high score, which tends to beat the market.
Staar Surgical Co (NAS:STAA) Mohanram G-Score Explanation
Partha Mohanram is the John H. Watson Chair in Value Investing at Rotman and the Acting Vice-Dean of Research Strategy and Resources.
In 2000, he wrote a research paper called "Separating Winners from Losers Among Low Book-to-Market Stocks Using Financial Statement Analysis".
This paper tests whether a strategy based on financial statement analysis of low book-to-market (growth) stocks is successful in differentiating between winners and losers in terms of future stock performance. Based on the research, a strategy based on buying high G-score (6, 7 or 8) firms and shorting low G-score (0 or 1) firms consistently earns significant excess returns. Further, the results do not support a risk based explanation for the book-to-market effect as the strategy returns positive returns in all years, and firms that ex-ante appear less risky have better future returns.
To conclude, one can use a modified fundamental analysis strategy (G-score) to identify mispricing and earn substantial abnormal returns.
Thank you for viewing the detailed overview of Staar Surgical Co's Mohanram G-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Broadwood Partners Lp | 10 percent owner | BROADWOOD CAPITAL INC., 142 WEST 57TH STREET, 11TH FLOOR, NEW YORK NY 10019 |
Elizabeth Yeu Lin | director | 25651 ATLANTIC OCEAN DRIVE, LAKE FOREST CA 92630 |
Aimee S Weisner | director | ONE EDWARDS WAY, IRVINE CA 92614 |
Warren Foust | officer: Chief Operating Officer | 17 MAGNOLIA DRIVE, LADERA RANCH CA 92694 |
Magda Michna | officer: Chief Clinical, Regulatory, | C/O PRESBIA, 8845 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618 |
Keith Holliday | officer: V.P., Research & Development | 1911 WALKER AVENUE, MONROVIA CA 91016 |
Robert Studholme | officer: Senior VP, Operations | 25651 ATLANTIC OCEAN DRIVE, LAKE FOREST CA 92630 |
James E Francese | officer: VP, Global Marketing | 1911 WALKER AVE, MONROVIA CA 91016 |
Caren L Mason | director | 2523 PARK RIDGE DRIVE, ESCONDIDO CA 92025 |
Samuel J Gesten | officer: VP, General Counsel | 1911 WALKER AVENUE, MONROVIA CA 91016 |
Patrick F. Williams | officer: Chief Financial Officer | C/O ZELTIQ AESTHETICS INC., 4698 WILLOW ROAD, SUITE 100, PLEASANTON CA 94588 |
Hans-martin Blickensdoerfer | officer: VP, International Marketing | 1911 WALKER AVENUE, MONROVIA CA 91016 |
Lou Silverman | director | |
Graydon C. Hansen | officer: Sr. VP, Global Operations | 25651 ATLANTIC OCEAN DRIVE, LAKE FORST CA 92630 |
Jon K. Hayashida | officer: VP, Global Clinical, Medical | 25651 ATLANTIC OCEAN DRIVE, LAKE FOREST CA 92630 |
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