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Wyndham Hotels & Resorts (LTS:0YTR) Piotroski F-Score : 6 (As of May. 15, 2024)


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What is Wyndham Hotels & Resorts 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

Wyndham Hotels & Resorts has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Wyndham Hotels & Resorts's Piotroski F-Score or its related term are showing as below:

LTS:0YTR' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 9 years, the highest Piotroski F-Score of Wyndham Hotels & Resorts was 8. The lowest was 4. And the median was 6.


Wyndham Hotels & Resorts Piotroski F-Score Historical Data

The historical data trend for Wyndham Hotels & Resorts'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.

Wyndham Hotels & Resorts Piotroski F-Score Chart

Wyndham Hotels & Resorts Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 4.00 7.00 7.00 5.00

Wyndham Hotels & Resorts 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 6.00 5.00 5.00 5.00 6.00

Competitive Comparison of Wyndham Hotels & Resorts's Piotroski F-Score

For the Lodging subindustry, Wyndham Hotels & Resorts'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.


Wyndham Hotels & Resorts's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Wyndham Hotels & Resorts's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Wyndham Hotels & Resorts'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 70 + 103 + 49 + 16 = $238 Mil.
Cash Flow from Operations was 83 + 77 + 123 + 76 = $359 Mil.
Revenue was 362 + 402 + 321 + 305 = $1,390 Mil.
Gross Profit was 198 + 238 + 197 + 173 = $806 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(4084 + 4056 + 4100 + 4033 + 4064) / 5 = $4067.4 Mil.
Total Assets at the begining of this year (Mar23) was $4,084 Mil.
Long-Term Debt & Capital Lease Obligation was $2,204 Mil.
Total Current Assets was $367 Mil.
Total Current Liabilities was $522 Mil.
Net Income was 92 + 101 + 56 + 67 = $316 Mil.

Revenue was 386 + 407 + 334 + 313 = $1,440 Mil.
Gross Profit was 221 + 228 + 169 + 184 = $802 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(4292 + 4250 + 4210 + 4123 + 4084) / 5 = $4191.8 Mil.
Total Assets at the begining of last year (Mar22) was $4,292 Mil.
Long-Term Debt & Capital Lease Obligation was $2,051 Mil.
Total Current Assets was $515 Mil.
Total Current Liabilities was $405 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.

Wyndham Hotels & Resorts's current Net Income (TTM) was 238. ==> 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.

Wyndham Hotels & Resorts's current Cash Flow from Operations (TTM) was 359. ==> 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)
=238/4084
=0.0582762

ROA (Last Year)=Net Income/Total Assets (Mar22)
=316/4292
=0.07362535

Wyndham Hotels & Resorts's return on assets of this year was 0.0582762. Wyndham Hotels & Resorts's return on assets of last year was 0.07362535. ==> 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.

Wyndham Hotels & Resorts's current Net Income (TTM) was 238. Wyndham Hotels & Resorts's current Cash Flow from Operations (TTM) was 359. ==> 359 > 238 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=2204/4067.4
=0.5418695

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=2051/4191.8
=0.48928861

Wyndham Hotels & Resorts's gearing of this year was 0.5418695. Wyndham Hotels & Resorts's gearing of last year was 0.48928861. ==> 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
=367/522
=0.70306513

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=515/405
=1.27160494

Wyndham Hotels & Resorts's current ratio of this year was 0.70306513. Wyndham Hotels & Resorts's current ratio of last year was 1.27160494. ==> 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.

Wyndham Hotels & Resorts's number of shares in issue this year was 81.8. Wyndham Hotels & Resorts's number of shares in issue last year was 81.8. ==> 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
=806/1390
=0.57985612

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=802/1440
=0.55694444

Wyndham Hotels & Resorts's gross margin of this year was 0.57985612. Wyndham Hotels & Resorts's gross margin of last year was 0.55694444. ==> 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)
=1390/4084
=0.3403526

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=1440/4292
=0.33550792

Wyndham Hotels & Resorts's asset turnover of this year was 0.3403526. Wyndham Hotels & Resorts's asset turnover of last year was 0.33550792. ==> 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+0+1+0+0+1+1+1
=6

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

Wyndham Hotels & Resorts has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Wyndham Hotels & Resorts  (LTS:0YTR) 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.


Wyndham Hotels & Resorts Piotroski F-Score Related Terms

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Wyndham Hotels & Resorts (LTS:0YTR) Business Description

Traded in Other Exchanges
Address
22 Sylvan Way, Parsippany, NJ, USA, 07054
As of Dec. 31, 2022, Wyndham Hotels & Resorts operates 843,000 rooms across more than 20 brands predominantly in the economy and midscale segments. Super 8 is the largest brand, representing around 19% of all rooms, with Days Inn (14%) and Ramada (14%) the next two largest brands. During the past several years, the company has expanded its extended stay/lifestyle brands, which appeal to travelers seeking to experience the local culture of a given location. Wyndham launched a new extended stay economy scale segment concept, ECHO, in the spring of 2022. The United States represents roughly 60% of total rooms. The company closed its La Quinta acquisition in the second quarter of 2018, adding around 90,000 rooms at the time the deal closed.

Wyndham Hotels & Resorts (LTS:0YTR) Headlines

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