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Bpost de Droit Public (Bpost de Droit Public) Piotroski F-Score : 7 (As of May. 15, 2024)


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What is Bpost de Droit Public Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Bpost de Droit Public has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Bpost de Droit Public's Piotroski F-Score or its related term are showing as below:

BPOSF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Bpost de Droit Public was 9. The lowest was 3. And the median was 5.


Bpost de Droit Public Piotroski F-Score Historical Data

The historical data trend for Bpost de Droit Public's Piotroski F-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.

* Premium members only.

Bpost de Droit Public Piotroski F-Score Chart

Bpost de Droit Public Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 8.00 5.00 5.00

Bpost de Droit Public Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 6.00 6.00 5.00 7.00

Competitive Comparison of Bpost de Droit Public's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Bpost de Droit Public's Piotroski F-Score, along with its competitors' market caps and Piotroski F-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.


Bpost de Droit Public's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Bpost de Droit Public's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bpost de Droit Public's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 47.454 + -60.406 + 35.115 + 45.217 = $67 Mil.
Cash Flow from Operations was -29.902 + 13.767 + 174.7 + 257.174 = $416 Mil.
Revenue was 1103.142 + 1040.662 + 1323.337 + 1077.065 = $4,544 Mil.
Gross Profit was 69.556 + 34.472 + 398.255 + 69.891 = $572 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(4562.955 + 4475.84 + 4356.67 + 4491.603 + 4457.391) / 5 = $4468.8918 Mil.
Total Assets at the begining of this year (Mar23) was $4,563 Mil.
Long-Term Debt & Capital Lease Obligation was $1,240 Mil.
Total Current Assets was $2,022 Mil.
Total Current Liabilities was $1,722 Mil.
Net Income was 72.093 + 24.653 + 82.415 + 49.572 = $229 Mil.

Revenue was 1088.478 + 1006.535 + 1368.432 + 1125.054 = $4,588 Mil.
Gross Profit was 73.362 + 30.99 + 377.542 + 91.113 = $573 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(4519.053 + 4267.23 + 4147.624 + 4616.843 + 4562.955) / 5 = $4422.741 Mil.
Total Assets at the begining of last year (Mar22) was $4,519 Mil.
Long-Term Debt & Capital Lease Obligation was $1,255 Mil.
Total Current Assets was $2,091 Mil.
Total Current Liabilities was $1,822 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Bpost de Droit Public's current Net Income (TTM) was 67. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Bpost de Droit Public's current Cash Flow from Operations (TTM) was 416. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar23)
=67.38/4562.955
=0.01476675

ROA (Last Year)=Net Income/Total Assets (Mar22)
=228.733/4519.053
=0.05061525

Bpost de Droit Public's return on assets of this year was 0.01476675. Bpost de Droit Public's return on assets of last year was 0.05061525. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Bpost de Droit Public's current Net Income (TTM) was 67. Bpost de Droit Public's current Cash Flow from Operations (TTM) was 416. ==> 416 > 67 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1240.217/4468.8918
=0.27752227

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1254.818/4422.741
=0.28371953

Bpost de Droit Public's gearing of this year was 0.27752227. Bpost de Droit Public's gearing of last year was 0.28371953. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=2022.391/1722.391
=1.17417648

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2091.328/1822.27
=1.14764991

Bpost de Droit Public's current ratio of this year was 1.17417648. Bpost de Droit Public's current ratio of last year was 1.14764991. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Bpost de Droit Public's number of shares in issue this year was 198.095. Bpost de Droit Public's number of shares in issue last year was 201.304. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=572.174/4544.206
=0.12591287

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=573.007/4588.499
=0.12487896

Bpost de Droit Public's gross margin of this year was 0.12591287. Bpost de Droit Public's gross margin of last year was 0.12487896. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar23)
=4544.206/4562.955
=0.99589104

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=4588.499/4519.053
=1.01536738

Bpost de Droit Public's asset turnover of this year was 0.99589104. Bpost de Droit Public's asset turnover of last year was 1.01536738. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+1+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Bpost de Droit Public has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Bpost de Droit Public  (OTCPK:BPOSF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Bpost de Droit Public Piotroski F-Score Related Terms

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Bpost de Droit Public (Bpost de Droit Public) Business Description

Address
Boulevard Anspach 1, Brussels, BEL, 1000
Bpost SA de Droit Public is a postal services and logistics solutions provider in Belgium. The company has three business units: Belgium, E-Logistics Eurasia and E-Logistics North America.

Bpost de Droit Public (Bpost de Droit Public) Headlines

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