Piotroski F-Score is 8, indicating 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
JMP Group LLC has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for JMP Group LLC's Piotroski F-Score or its related term are showing as below:
JMP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of JMP Group LLC was 8. The lowest was 1. And the median was 5.
JMP Group LLC Piotroski F-Score Historical Data
The historical data trend for JMP Group LLC'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.
Competitive Comparison of JMP Group LLC's Piotroski F-Score
For the Capital Markets subindustry, JMP Group LLC'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.
JMP Group LLC's Piotroski F-Score Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, JMP Group LLC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where JMP Group LLC'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 (Sep21) TTM:
Last Year (Sep20) TTM:
Net Income was 9.009 + 1.089 + 3.628 + 21.819 = $35.5 Mil. Cash Flow from Operations was 34.419 + -20.331 + 30.372 + 36.1 = $80.6 Mil. Revenue was 51.941 + 36.703 + 46.765 + 73.106 = $208.5 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(212.657 + 241.331 + 215.263 + 226.064 + 239.786) / 5 = $227.0202 Mil. Total Assets at the begining of this year (Sep20) was $212.7 Mil. Long-Term Debt & Capital Lease Obligation was $55.7 Mil. Total Assets was $239.8 Mil. Total Liabilities was $148.5 Mil.
Net Income was -6.445 + -11.748 + 1.124 + -3.082 = $-20.2 Mil.
Revenue was 22.583 + 3.348 + 28.396 + 25.014 = $79.3 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(233.291 + 230.257 + 189.044 + 206.883 + 212.657) / 5 = $214.4264 Mil. Total Assets at the begining of last year (Sep19) was $233.3 Mil. Long-Term Debt & Capital Lease Obligation was $113.7 Mil. Total Assets was $212.7 Mil. Total Liabilities was $159.4 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.
JMP Group LLC's current Net Income (TTM) was 35.5.
==> 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.
JMP Group LLC's return on assets of this year was 0.1671471. JMP Group LLC's return on assets of last year was -0.0863771.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
JMP Group LLC's gearing of this year was 0.24549798. JMP Group LLC's gearing of last year was 0.53008865.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
JMP Group LLC's current ratio of this year was 1.61442701. JMP Group LLC's current ratio of last year was 1.33405057.
==> 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.
JMP Group LLC's number of shares in issue this year was 21.3. JMP Group LLC's number of shares in issue last year was 19.628.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
JMP Group LLC's net margin of this year was 0.17046735. JMP Group LLC's net margin of last year was -0.25397966.
==> This year's net 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
JMP Group LLC's asset turnover of this year was 0.98052263. JMP Group LLC's asset turnover of last year was 0.34009456.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
JMP Group LLC has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
JMP Group LLC (NYSE:JMP) 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.
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.
JMP Group LLC Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of JMP Group LLC's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
JMP Group LLC (JMP Group LLC) Business Description
JMP Group LLC is an investment bank that focuses its investment banking and equity research services on small and middle-market firms in five industries: consumer, financial services, health care, real estate, and technology. JMP provides capital raising, financial advisory, sales and trading, and equity research services. JMP also manages more than $1 billion of assets through its hedge funds and collateralized loan obligation management business.
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