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Hoteles City ExpressB de CV (Hoteles City ExpressB de CV) Piotroski F-Score : 7 (As of May. 17, 2024)


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What is Hoteles City ExpressB de CV 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

Hoteles City ExpressB de CV 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 Hoteles City ExpressB de CV's Piotroski F-Score or its related term are showing as below:

HOCXF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Hoteles City ExpressB de CV was 8. The lowest was 3. And the median was 6.


Hoteles City ExpressB de CV Piotroski F-Score Historical Data

The historical data trend for Hoteles City ExpressB de CV'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.

Hoteles City ExpressB de CV Piotroski F-Score Chart

Hoteles City ExpressB de CV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 4.00 6.00 7.00

Hoteles City ExpressB de CV Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 6.00 7.00 7.00 7.00 7.00

Competitive Comparison of Hoteles City ExpressB de CV's Piotroski F-Score

For the Lodging subindustry, Hoteles City ExpressB de CV'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.


Hoteles City ExpressB de CV's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Hoteles City ExpressB de CV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hoteles City ExpressB de CV'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 (Jun23) TTM:Last Year (Jun22) TTM:
Net Income was -0.037 + 3.977 + -2.728 + 66.865 = $68.1 Mil.
Cash Flow from Operations was 23.177 + 14.632 + 12.615 + 10.553 = $61.0 Mil.
Revenue was 42.041 + 47.504 + 46.617 + 51.041 = $187.2 Mil.
Gross Profit was 13.883 + 40.583 + 21.67 + 21.806 = $97.9 Mil.
Average Total Assets from the begining of this year (Jun22)
to the end of this year (Jun23) was
(698.488 + 691.466 + 708.505 + 750.728 + 825.801) / 5 = $734.9976 Mil.
Total Assets at the begining of this year (Jun22) was $698.5 Mil.
Long-Term Debt & Capital Lease Obligation was $238.2 Mil.
Total Current Assets was $113.4 Mil.
Total Current Liabilities was $90.6 Mil.
Net Income was -4.899 + -0.114 + -1.464 + -1.291 = $-7.8 Mil.

Revenue was 31.018 + 35.4 + 31.345 + 38.803 = $136.6 Mil.
Gross Profit was 7.217 + 31.354 + 12.6 + 17.118 = $68.3 Mil.
Average Total Assets from the begining of last year (Jun21)
to the end of last year (Jun22) was
(752.736 + 735.258 + 714.896 + 717.197 + 698.488) / 5 = $723.715 Mil.
Total Assets at the begining of last year (Jun21) was $752.7 Mil.
Long-Term Debt & Capital Lease Obligation was $274.5 Mil.
Total Current Assets was $83.9 Mil.
Total Current Liabilities was $38.8 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.

Hoteles City ExpressB de CV's current Net Income (TTM) was 68.1. ==> 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.

Hoteles City ExpressB de CV's current Cash Flow from Operations (TTM) was 61.0. ==> 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 (Jun22)
=68.077/698.488
=0.09746338

ROA (Last Year)=Net Income/Total Assets (Jun21)
=-7.768/752.736
=-0.01031969

Hoteles City ExpressB de CV's return on assets of this year was 0.09746338. Hoteles City ExpressB de CV's return on assets of last year was -0.01031969. ==> This year is higher. ==> Score 1.

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.

Hoteles City ExpressB de CV's current Net Income (TTM) was 68.1. Hoteles City ExpressB de CV's current Cash Flow from Operations (TTM) was 61.0. ==> 61.0 <= 68.1 ==> CFROA <= ROA ==> Score 0.

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: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=238.189/734.9976
=0.32406772

Gearing (Last Year: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=274.492/723.715
=0.3792819

Hoteles City ExpressB de CV's gearing of this year was 0.32406772. Hoteles City ExpressB de CV's gearing of last year was 0.3792819. ==> 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: Jun23)=Total Current Assets/Total Current Liabilities
=113.432/90.55
=1.25270017

Current Ratio (Last Year: Jun22)=Total Current Assets/Total Current Liabilities
=83.873/38.831
=2.15994952

Hoteles City ExpressB de CV's current ratio of this year was 1.25270017. Hoteles City ExpressB de CV's current ratio of last year was 2.15994952. ==> Last year's current ratio is higher ==> Score 0.

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.

Hoteles City ExpressB de CV's number of shares in issue this year was 412.327. Hoteles City ExpressB de CV's number of shares in issue last year was 412.327. ==> 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
=97.942/187.203
=0.52318606

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=68.289/136.566
=0.50004393

Hoteles City ExpressB de CV's gross margin of this year was 0.52318606. Hoteles City ExpressB de CV's gross margin of last year was 0.50004393. ==> 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 (Jun22)
=187.203/698.488
=0.26801176

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun21)
=136.566/752.736
=0.18142616

Hoteles City ExpressB de CV's asset turnover of this year was 0.26801176. Hoteles City ExpressB de CV's asset turnover of last year was 0.18142616. ==> 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+1+0+1+0+1+1+1
=7

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

Hoteles City ExpressB de CV has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Hoteles City ExpressB de CV  (OTCPK:HOCXF) 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.


Hoteles City ExpressB de CV Piotroski F-Score Related Terms

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Hoteles City ExpressB de CV (Hoteles City ExpressB de CV) Business Description

Traded in Other Exchanges
Address
Juan Salvador Agraz No. 69, Col. Santa Fe Cuajimalpa, Del. Cuajimalpa de Morelos, Mexico, MEX, 05300
Hoteles City Express SAB de CV together with its subsidiaries is engaged in the ownership, operation, and management of hotels using the brand names Hoteles City Express, City Suites and City Junior. The company's segments include Hotel Operation and Hotel Management. The company works as an alternative for business travelers, and the option for anyone looking to increase the value of an investment through a modern, hotel franchise and also, are the working towards the economy business travel segment.