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Hugo Boss AG (Hugo Boss AG) Piotroski F-Score : 7 (As of May. 01, 2024)


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What is Hugo Boss AG 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

Hugo Boss AG 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 Hugo Boss AG's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of Hugo Boss AG was 9. The lowest was 3. And the median was 7.


Hugo Boss AG Piotroski F-Score Historical Data

The historical data trend for Hugo Boss AG'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.

Hugo Boss AG Piotroski F-Score Chart

Hugo Boss AG 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 4.00 3.00 8.00 8.00 7.00

Hugo Boss AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 8.00 7.00 7.00 5.00 7.00

Competitive Comparison of Hugo Boss AG's Piotroski F-Score

For the Apparel Manufacturing subindustry, Hugo Boss AG'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.


Hugo Boss AG's Piotroski F-Score Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hugo Boss AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hugo Boss AG'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 37.473 + 81.257 + 67.236 + 93.098 = $279 Mil.
Cash Flow from Operations was -85.653 + 136.511 + 52.295 + 325.674 = $429 Mil.
Revenue was 1036.403 + 1110.509 + 1096.051 + 1282.943 = $4,526 Mil.
Gross Profit was 635.974 + 692.308 + 664.888 + 789.371 = $2,783 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(3312.078 + 3388.651 + 3528.711 + 3563.501 + 3785.896) / 5 = $3515.7674 Mil.
Total Assets at the begining of this year (Dec22) was $3,312 Mil.
Long-Term Debt & Capital Lease Obligation was $1,026 Mil.
Total Current Assets was $1,953 Mil.
Total Current Liabilities was $1,189 Mil.
Net Income was 26.432 + 61.311 + 57.426 + 74.677 = $220 Mil.

Revenue was 850.22 + 928.118 + 923.762 + 1131.756 = $3,834 Mil.
Gross Profit was 524.229 + 589.852 + 561.386 + 694.201 = $2,370 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(3090.985 + 2958.15 + 3009.514 + 2984.158 + 3312.078) / 5 = $3070.977 Mil.
Total Assets at the begining of last year (Dec21) was $3,091 Mil.
Long-Term Debt & Capital Lease Obligation was $735 Mil.
Total Current Assets was $1,686 Mil.
Total Current Liabilities was $1,264 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.

Hugo Boss AG's current Net Income (TTM) was 279. ==> 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.

Hugo Boss AG's current Cash Flow from Operations (TTM) was 429. ==> 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 (Dec22)
=279.064/3312.078
=0.08425647

ROA (Last Year)=Net Income/Total Assets (Dec21)
=219.846/3090.985
=0.0711249

Hugo Boss AG's return on assets of this year was 0.08425647. Hugo Boss AG's return on assets of last year was 0.0711249. ==> 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.

Hugo Boss AG's current Net Income (TTM) was 279. Hugo Boss AG's current Cash Flow from Operations (TTM) was 429. ==> 429 > 279 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1025.804/3515.7674
=0.29177243

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=734.597/3070.977
=0.23920629

Hugo Boss AG's gearing of this year was 0.29177243. Hugo Boss AG's gearing of last year was 0.23920629. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=1953.188/1188.816
=1.64296914

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1686.215/1264.209
=1.33381031

Hugo Boss AG's current ratio of this year was 1.64296914. Hugo Boss AG's current ratio of last year was 1.33381031. ==> 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.

Hugo Boss AG's number of shares in issue this year was 69.292. Hugo Boss AG's number of shares in issue last year was 69.629. ==> 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
=2782.541/4525.906
=0.61480309

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2369.668/3833.856
=0.61808999

Hugo Boss AG's gross margin of this year was 0.61480309. Hugo Boss AG's gross margin of last year was 0.61808999. ==> 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 (Dec22)
=4525.906/3312.078
=1.36648533

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=3833.856/3090.985
=1.24033472

Hugo Boss AG's asset turnover of this year was 1.36648533. Hugo Boss AG's asset turnover of last year was 1.24033472. ==> 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+1+0+1+1+0+1
=7

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

Hugo Boss AG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Hugo Boss AG  (OTCPK:HUGPF) 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.


Hugo Boss AG Piotroski F-Score Related Terms

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Hugo Boss AG (Hugo Boss AG) Business Description

Address
Dieselstrasse 12, Metzingen, DEU, 72555
Hugo Boss is a German-based menswear apparel brand operating in the premium segment through its two brands, Boss and Hugo. The brand was founded in 1924 and initially focused on uniforms. After World War II and the death of the founder, the company shifted focus to men's suits. Hugo Boss' sales are mainly menswear (90%). The company is globally present in 7,400 points of sale, with 63% of revenue generated in the European market, 22% in the Americas, 13% in Asia-Pacific, and less than 3% from licenses. It generates over 60% of sales through its own retail with over 2,000 stores globally.