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Buffalo Wild Wings (Buffalo Wild Wings) Piotroski F-Score : 0 (As of Apr. 26, 2024)


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What is Buffalo Wild Wings Piotroski F-Score?

The zones of discrimination were as such:

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

Buffalo Wild Wings has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Buffalo Wild Wings's Piotroski F-Score or its related term are showing as below:


Buffalo Wild Wings Piotroski F-Score Historical Data

The historical data trend for Buffalo Wild Wings'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.

Buffalo Wild Wings Piotroski F-Score Chart

Buffalo Wild Wings Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 8.00 3.00 4.00

Buffalo Wild Wings Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 4.00 5.00 5.00 6.00

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 (Sep17) TTM:Last Year (Sep16) TTM:
Net Income was 15.619 + 21.549 + 8.782 + 18.18 = $64 Mil.
Cash Flow from Operations was 68.652 + 48.852 + 49.909 + 43.164 = $211 Mil.
Revenue was 494.191 + 534.763 + 499.98 + 496.7 = $2,026 Mil.
Gross Profit was 96.935 + 107.725 + 90.188 + 102.218 = $397 Mil.
Average Total Assets from the begining of this year (Sep16)
to the end of this year (Sep17) was
(984.465 + 1047.219 + 968.263 + 930.248 + 930.486) / 5 = $972.1362 Mil.
Total Assets at the begining of this year (Sep16) was $984 Mil.
Long-Term Debt & Capital Lease Obligation was $420 Mil.
Total Current Assets was $123 Mil.
Total Current Liabilities was $177 Mil.
Net Income was 25.271 + 32.773 + 23.702 + 22.651 = $104 Mil.

Revenue was 490.223 + 508.257 + 490.178 + 494.167 = $1,983 Mil.
Gross Profit was 110.493 + 118.902 + 106.938 + 106.338 = $443 Mil.
Average Total Assets from the begining of last year (Sep15)
to the end of last year (Sep16) was
(1019.097 + 1072.382 + 971.475 + 978.082 + 984.465) / 5 = $1005.1002 Mil.
Total Assets at the begining of last year (Sep15) was $1,019 Mil.
Long-Term Debt & Capital Lease Obligation was $93 Mil.
Total Current Assets was $101 Mil.
Total Current Liabilities was $174 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.

Buffalo Wild Wings's current Net Income (TTM) was 64. ==> 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.

Buffalo Wild Wings's current Cash Flow from Operations (TTM) was 211. ==> 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 (Sep16)
=64.13/984.465
=0.06514198

ROA (Last Year)=Net Income/Total Assets (Sep15)
=104.397/1019.097
=0.10244069

Buffalo Wild Wings's return on assets of this year was 0.06514198. Buffalo Wild Wings's return on assets of last year was 0.10244069. ==> 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.

Buffalo Wild Wings's current Net Income (TTM) was 64. Buffalo Wild Wings's current Cash Flow from Operations (TTM) was 211. ==> 211 > 64 ==> 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: Sep17)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep16 to Sep17
=420.376/972.1362
=0.432425

Gearing (Last Year: Sep16)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep15 to Sep16
=93.38/1005.1002
=0.09290616

Buffalo Wild Wings's gearing of this year was 0.432425. Buffalo Wild Wings's gearing of last year was 0.09290616. ==> Last year is lower than this year ==> Score 0.

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: Sep17)=Total Current Assets/Total Current Liabilities
=123.302/176.707
=0.69777655

Current Ratio (Last Year: Sep16)=Total Current Assets/Total Current Liabilities
=101.359/174.401
=0.58118359

Buffalo Wild Wings's current ratio of this year was 0.69777655. Buffalo Wild Wings's current ratio of last year was 0.58118359. ==> 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.

Buffalo Wild Wings's number of shares in issue this year was 15.572. Buffalo Wild Wings's number of shares in issue last year was 18.353. ==> 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
=397.066/2025.634
=0.1960206

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=442.671/1982.825
=0.22325268

Buffalo Wild Wings's gross margin of this year was 0.1960206. Buffalo Wild Wings's gross margin of last year was 0.22325268. ==> Last year's gross margin is higher ==> Score 0.

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 (Sep16)
=2025.634/984.465
=2.0575988

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep15)
=1982.825/1019.097
=1.94566857

Buffalo Wild Wings's asset turnover of this year was 2.0575988. Buffalo Wild Wings's asset turnover of last year was 1.94566857. ==> This year's asset turnover is higher. ==> Score 1.

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+0+1+1+0+1
=6

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

Buffalo Wild Wings has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Buffalo Wild Wings  (NAS:BWLD) 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.


Buffalo Wild Wings Piotroski F-Score Related Terms

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Buffalo Wild Wings (Buffalo Wild Wings) Business Description

Traded in Other Exchanges
N/A
Address
Buffalo Wild Wings operates and franchises restaurants under the names Buffalo Wild Wings, R Taco, and PizzaRev. The Buffalo Wild Wings restaurants, which provide the vast majority of company revenue, have sports-bar atmospheres and feature Buffalo-style chicken wings. The restaurants are designed for group gatherings and feature projection screens and dozens of televisions. About half of the company's restaurants are franchised. The company has a centralized supply chain that serves all company-owned and franchised restaurants. The majority of its restaurants are in the United States, but the company has a small presence in Canada and Mexico and is expanding to the Middle East and Asia.
Executives
Richard Mcguire director FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111
Alexander H Ware officer: Chief Financial Officer 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402
Andre J Fernandez director 333 WEST STATE STREET, MILWAUKEE WI 53203
Harmit J Singh director 71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606
Cindy L Davis director 2635 SW GRENWOLDE PLACE, PORTLAND OR 97201
Andrew D. Block officer: SVP-Talent Management 5500 WAYZATA BOULEVARD, SUITE 1600, MINNEAPOLIS MN 55416
Lawton Iii Harry A director C/O EBAY INC., 2065, SAN JOSE CA 95125
Marcato Capital Management Llc director FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111
Marcato International Master Fund, Ltd. director C/O OGIER FIDUCIARY SERVICES (CAYMAN)LTD, 89 NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9007
Janice L Fields director 800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167
Scott Bergren director 1441 GARDINER LANE, LOUISVILLE KY 40213
Sally J Smith officer: CEO & President 5500 WAYZATA BLVD., SUITE 1600, MINNEAPOLIS MN 55416
Sam Brian Rovit director KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Michael P Johnson director 2431 EAST 61ST STREET, TULSA OK 74136
Mary J Twinem officer: Exec VP, CFO & Treasurer 5500 WAYZATA BLVD., SUITE 1600, MINNEAPOLIS MN 55416

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