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PT Mitrabahtera Segara Sejati Tbk (ISX:MBSS) Piotroski F-Score : 5 (As of May. 14, 2024)


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What is PT Mitrabahtera Segara Sejati Tbk 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

PT Mitrabahtera Segara Sejati Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for PT Mitrabahtera Segara Sejati Tbk's Piotroski F-Score or its related term are showing as below:

ISX:MBSS' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of PT Mitrabahtera Segara Sejati Tbk was 9. The lowest was 4. And the median was 6.


PT Mitrabahtera Segara Sejati Tbk Piotroski F-Score Historical Data

The historical data trend for PT Mitrabahtera Segara Sejati Tbk'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.

PT Mitrabahtera Segara Sejati Tbk Piotroski F-Score Chart

PT Mitrabahtera Segara Sejati Tbk 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 7.00 4.00 9.00 7.00 5.00

PT Mitrabahtera Segara Sejati Tbk 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 8.00 9.00 7.00 5.00 5.00

Competitive Comparison of PT Mitrabahtera Segara Sejati Tbk's Piotroski F-Score

For the Marine Shipping subindustry, PT Mitrabahtera Segara Sejati Tbk'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.


PT Mitrabahtera Segara Sejati Tbk's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Mitrabahtera Segara Sejati Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Mitrabahtera Segara Sejati Tbk'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 78508.72 + 70476.295 + 153792.694 + 42146.765 = Rp344,924 Mil.
Cash Flow from Operations was 84196.466 + 25847.392 + 103222.116 + 65587.279 = Rp278,853 Mil.
Revenue was 246151.648 + 245561.919 + 280291.033 + 174794.716 = Rp946,799 Mil.
Gross Profit was 84759.735 + 77865.403 + 89386.562 + 40129.975 = Rp292,142 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(3203552.166 + 3249418.608 + 3451622.183 + 3857967.723 + 3816056.116) / 5 = Rp3515723.3592 Mil.
Total Assets at the begining of this year (Mar23) was Rp3,203,552 Mil.
Long-Term Debt & Capital Lease Obligation was Rp322,588 Mil.
Total Current Assets was Rp2,639,884 Mil.
Total Current Liabilities was Rp183,643 Mil.
Net Income was 63417.006 + 105363.165 + 215680.527 + 81702.327 = Rp466,163 Mil.

Revenue was 343497.984 + 391006.773 + 409422.17 + 214656.804 = Rp1,358,584 Mil.
Gross Profit was 105312.33 + 127885.2 + 138457.364 + 45142.514 = Rp416,797 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(2507508.005 + 2849629.88 + 3100175.925 + 3282643.367 + 3203552.166) / 5 = Rp2988701.8686 Mil.
Total Assets at the begining of last year (Mar22) was Rp2,507,508 Mil.
Long-Term Debt & Capital Lease Obligation was Rp117,673 Mil.
Total Current Assets was Rp1,826,224 Mil.
Total Current Liabilities was Rp192,349 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.

PT Mitrabahtera Segara Sejati Tbk's current Net Income (TTM) was 344,924. ==> 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.

PT Mitrabahtera Segara Sejati Tbk's current Cash Flow from Operations (TTM) was 278,853. ==> 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)
=344924.474/3203552.166
=0.10766938

ROA (Last Year)=Net Income/Total Assets (Mar22)
=466163.025/2507508.005
=0.18590689

PT Mitrabahtera Segara Sejati Tbk's return on assets of this year was 0.10766938. PT Mitrabahtera Segara Sejati Tbk's return on assets of last year was 0.18590689. ==> 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.

PT Mitrabahtera Segara Sejati Tbk's current Net Income (TTM) was 344,924. PT Mitrabahtera Segara Sejati Tbk's current Cash Flow from Operations (TTM) was 278,853. ==> 278,853 <= 344,924 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=322587.618/3515723.3592
=0.09175569

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=117672.54/2988701.8686
=0.03937246

PT Mitrabahtera Segara Sejati Tbk's gearing of this year was 0.09175569. PT Mitrabahtera Segara Sejati Tbk's gearing of last year was 0.03937246. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=2639884.061/183643.326
=14.37506126

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=1826224.458/192348.619
=9.49434661

PT Mitrabahtera Segara Sejati Tbk's current ratio of this year was 14.37506126. PT Mitrabahtera Segara Sejati Tbk's current ratio of last year was 9.49434661. ==> 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.

PT Mitrabahtera Segara Sejati Tbk's number of shares in issue this year was 1750.027. PT Mitrabahtera Segara Sejati Tbk's number of shares in issue last year was 1750.027. ==> 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
=292141.675/946799.316
=0.30855713

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=416797.408/1358583.731
=0.30678816

PT Mitrabahtera Segara Sejati Tbk's gross margin of this year was 0.30855713. PT Mitrabahtera Segara Sejati Tbk's gross margin of last year was 0.30678816. ==> 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)
=946799.316/3203552.166
=0.29554671

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=1358583.731/2507508.005
=0.54180634

PT Mitrabahtera Segara Sejati Tbk's asset turnover of this year was 0.29554671. PT Mitrabahtera Segara Sejati Tbk's asset turnover of last year was 0.54180634. ==> 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+0+0+1+1+1+0
=5

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

PT Mitrabahtera Segara Sejati Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.

PT Mitrabahtera Segara Sejati Tbk  (ISX:MBSS) 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.


PT Mitrabahtera Segara Sejati Tbk Piotroski F-Score Related Terms

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PT Mitrabahtera Segara Sejati Tbk (ISX:MBSS) Business Description

Traded in Other Exchanges
N/A
Address
Jl. MH. Thamrin No. 10, Autograph Tower, Thamrin Nine Complex, Tanah Abang, Jakarta, IDN, 10230
PT Mitrabahtera Segara Sejati Tbk is a firm engaged in providing sea logistics and transportation solutions for bulk materials, particularly coal. Its operations activities include material handling, management, and operation of onshore facilities, port management, loading port to anchorage, and transshipment. It operates in two segments. Tugboat and barge segment comprises of transport from loading port to unloading port as well as transport from loading port to anchorage point for transshipment of bulk materials; Floating crane comprises of transshipment of bulk materials from barges and transfers them to the anchored mother vessel for transshipment and Consultancy. Majority of its revenue is earned through the Indonesian market.

PT Mitrabahtera Segara Sejati Tbk (ISX:MBSS) Headlines

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