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Cloudified Holdings (LSE:CHL) Piotroski F-Score : 0 (As of Apr. 29, 2024)


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What is Cloudified Holdings 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

Cloudified Holdings 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 Cloudified Holdings's Piotroski F-Score or its related term are showing as below:


Cloudified Holdings Piotroski F-Score Historical Data

The historical data trend for Cloudified Holdings'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.

Cloudified Holdings Piotroski F-Score Chart

Cloudified Holdings Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 1.00 1.00 5.00

Cloudified Holdings Semi-Annual Data
Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22
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 - 1.00 - 5.00 -

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 (Mar22) TTM:Last Year (Mar21) TTM:
Net Income was £1.49 Mil.
Cash Flow from Operations was £-2.24 Mil.
Revenue was £3.54 Mil.
Gross Profit was £1.44 Mil.
Average Total Assets from the begining of this year (Mar21)
to the end of this year (Mar22) was (5.843 + 8.297) / 2 = £7.07 Mil.
Total Assets at the begining of this year (Mar21) was £5.84 Mil.
Long-Term Debt & Capital Lease Obligation was £2.24 Mil.
Total Current Assets was £4.68 Mil.
Total Current Liabilities was £1.70 Mil.
Net Income was £-3.55 Mil.

Revenue was £3.12 Mil.
Gross Profit was £1.02 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Mar21) was (8.25 + 5.843) / 2 = £7.0465 Mil.
Total Assets at the begining of last year (Mar20) was £8.25 Mil.
Long-Term Debt & Capital Lease Obligation was £0.30 Mil.
Total Current Assets was £1.62 Mil.
Total Current Liabilities was £2.81 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.

Cloudified Holdings's current Net Income (TTM) was 1.49. ==> 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.

Cloudified Holdings's current Cash Flow from Operations (TTM) was -2.24. ==> Negative ==> Score 0.

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 (Mar21)
=1.485/5.843
=0.25415027

ROA (Last Year)=Net Income/Total Assets (Mar20)
=-3.552/8.25
=-0.43054545

Cloudified Holdings's return on assets of this year was 0.25415027. Cloudified Holdings's return on assets of last year was -0.43054545. ==> 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.

Cloudified Holdings's current Net Income (TTM) was 1.49. Cloudified Holdings's current Cash Flow from Operations (TTM) was -2.24. ==> -2.24 <= 1.49 ==> 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: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=2.244/7.07
=0.31739745

Gearing (Last Year: Mar21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Mar21
=0.295/7.0465
=0.04186476

Cloudified Holdings's gearing of this year was 0.31739745. Cloudified Holdings's gearing of last year was 0.04186476. ==> 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: Mar22)=Total Current Assets/Total Current Liabilities
=4.675/1.703
=2.74515561

Current Ratio (Last Year: Mar21)=Total Current Assets/Total Current Liabilities
=1.622/2.805
=0.57825312

Cloudified Holdings's current ratio of this year was 2.74515561. Cloudified Holdings's current ratio of last year was 0.57825312. ==> 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.

Cloudified Holdings's number of shares in issue this year was 5.262. Cloudified Holdings's number of shares in issue last year was 4.627. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1.443/3.542
=0.40739695

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.017/3.12
=0.32596154

Cloudified Holdings's gross margin of this year was 0.40739695. Cloudified Holdings's gross margin of last year was 0.32596154. ==> 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 (Mar21)
=3.542/5.843
=0.60619545

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar20)
=3.12/8.25
=0.37818182

Cloudified Holdings's asset turnover of this year was 0.60619545. Cloudified Holdings's asset turnover of last year was 0.37818182. ==> 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+0+1+0+0+1+0+1+1
=5

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

Cloudified Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Cloudified Holdings  (LSE:CHL) 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.


Cloudified Holdings Piotroski F-Score Related Terms

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Cloudified Holdings (LSE:CHL) Business Description

Traded in Other Exchanges
N/A
Address
Abbey Square, The Blade, Reading, GBR, RG1 3BE
Cloudified Holdings Ltd formerly Falanx Group Ltd provides enterprise-class cyber security services and solutions. It delivers end-to-end cyber capabilities, either as specific engagements or as fully managed services. As a provider of cyber security services, the company is focused on delivering those services to the highest standards of client satisfaction possible. Geographically, it operates in the United Kingdom, Europe, The Americas, Australia, the Middle East and Africa, out of which the majority of revenue is derived from the United Kingdom. The company's capabilities comprise a full suite of cyber security services, all focused on improving clients' cyber resilience and ultimately enabling them to withstand, cyber-attacks.

Cloudified Holdings (LSE:CHL) Headlines

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