Event-Driven Stocks

Pzena Investment Management, Inc.

Financials · Investment Advice · DE · SEC filings ↗ · Compare ⊕

Signs6 gooddetails ↓

Financials

SEC XBRL · annual
 FY21FY20FY19FY18FY17FY16
Revenue$199.3M$138.6M$150.7M$153.6M$141.3M$25.8M
Operating income$105.9M$55.3M$45.7M$78.8M$69.1M$10.3M
Net income$18.7M$8.9M$8.5M$13.8M$6.9M$1.6M
Total assets$264.3M$188.7M$199.5M$171.0M$169.0M$179.1M
Total liabilities$86.2M$79.7M$91.2M$72.0M$69.8M$97.8M
Equity$42.6M$31.1M$31.4M$33.0M$32.3M$28.5M
EPS (diluted)$1.00$0.52$0.46$0.77$0.40$0.10
Shares out.84.0M79.1M74.2M71.9M70.9M68.8M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2021
Operating margin
53.1%
Net margin
9.4%
Return on equity
43.9%
Return on assets
7.1%
Return on capital (ROCE)
Liabilities / assets
32.6%
Debt / equity
2.03×
Book value / share
$0.51
Revenue growth (YoY)
43.8%
Net income growth (YoY)
110.5%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2021
Accruals / assets
22.0%clean
Piotroski F-Score
7/8strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
87
/ 100
Profitability 100Growth 100Catalyst 33Earnings quality 100Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

6 good
  • Operating margin is positive
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗
  • SC 13G/AFeb 13, 2023
  • 15-12GNov 10, 2022
  • 10-QNov 4, 2022
  • 4Nov 2, 2022
  • 4Nov 2, 2022
  • 4Nov 2, 2022
  • 4Nov 2, 2022
  • 4Nov 2, 2022
  • 4Nov 2, 2022
  • 4Nov 2, 2022
  • 4Nov 2, 2022
  • 4Nov 2, 2022
  • 4Nov 2, 2022
  • 4FORM 4Nov 2, 2022
  • EFFECTNov 1, 2022

Event-driven situations (2)