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Crown Energy AB (NGM:CRWN) Piotroski F-Score : 4 (As of May. 16, 2024)


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What is Crown Energy AB 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

Crown Energy AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Crown Energy AB's Piotroski F-Score or its related term are showing as below:

NGM:CRWN' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of Crown Energy AB was 6. The lowest was 2. And the median was 4.


Crown Energy AB Piotroski F-Score Historical Data

The historical data trend for Crown Energy AB'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.

Crown Energy AB Piotroski F-Score Chart

Crown Energy AB 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 5.00 5.00 4.00

Crown Energy AB 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 5.00 6.00 3.00 1.00 4.00

Competitive Comparison of Crown Energy AB's Piotroski F-Score

For the Real Estate Services subindustry, Crown Energy AB'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.


Crown Energy AB's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Crown Energy AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Crown Energy AB'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 -12.881 + 70.931 + 1.504 + -47.818 = kr11.74 Mil.
Cash Flow from Operations was 61.004 + -12.832 + -5.437 + -12.515 = kr30.22 Mil.
Revenue was 10.685 + 10.179 + 7.327 + 8.915 = kr37.11 Mil.
Gross Profit was 5.774 + 3.486 + 2.329 + -47.682 = kr-36.09 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(1967.775 + 3305.684 + 3233.986 + 3158.12 + 3225.645) / 5 = kr2978.242 Mil.
Total Assets at the begining of this year (Dec22) was kr1,967.78 Mil.
Long-Term Debt & Capital Lease Obligation was kr630.55 Mil.
Total Current Assets was kr574.25 Mil.
Total Current Liabilities was kr1,499.49 Mil.
Net Income was -27.043 + 59.949 + 66.442 + -82.448 = kr16.90 Mil.

Revenue was 7.313 + 10.334 + 13.881 + 7.841 = kr39.37 Mil.
Gross Profit was 1.226 + 5.203 + 8.359 + 0.903 = kr15.69 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(1595.633 + 1783.776 + 2080.656 + 2215.065 + 1967.775) / 5 = kr1928.581 Mil.
Total Assets at the begining of last year (Dec21) was kr1,595.63 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.96 Mil.
Total Current Assets was kr1,525.59 Mil.
Total Current Liabilities was kr1,137.53 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.

Crown Energy AB's current Net Income (TTM) was 11.74. ==> 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.

Crown Energy AB's current Cash Flow from Operations (TTM) was 30.22. ==> 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)
=11.736/1967.775
=0.0059641

ROA (Last Year)=Net Income/Total Assets (Dec21)
=16.9/1595.633
=0.01059141

Crown Energy AB's return on assets of this year was 0.0059641. Crown Energy AB's return on assets of last year was 0.01059141. ==> 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.

Crown Energy AB's current Net Income (TTM) was 11.74. Crown Energy AB's current Cash Flow from Operations (TTM) was 30.22. ==> 30.22 > 11.74 ==> 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
=630.552/2978.242
=0.21171953

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0.962/1928.581
=0.00049881

Crown Energy AB's gearing of this year was 0.21171953. Crown Energy AB's gearing of last year was 0.00049881. ==> 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
=574.25/1499.488
=0.38296405

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1525.593/1137.534
=1.34114057

Crown Energy AB's current ratio of this year was 0.38296405. Crown Energy AB's current ratio of last year was 1.34114057. ==> 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.

Crown Energy AB's number of shares in issue this year was 477.316. Crown Energy AB's number of shares in issue last year was 477.316. ==> 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
=-36.093/37.106
=-0.97269983

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15.691/39.369
=0.39856232

Crown Energy AB's gross margin of this year was -0.97269983. Crown Energy AB's gross margin of last year was 0.39856232. ==> 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)
=37.106/1967.775
=0.01885683

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=39.369/1595.633
=0.02467297

Crown Energy AB's asset turnover of this year was 0.01885683. Crown Energy AB's asset turnover of last year was 0.02467297. ==> 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+1+0+0+1+0+0
=4

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

Crown Energy AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Crown Energy AB  (NGM:CRWN) 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.


Crown Energy AB Piotroski F-Score Related Terms

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Crown Energy AB (NGM:CRWN) Business Description

Traded in Other Exchanges
Address
Skeppargatan 27, Stockholm, SWE, SE-114 52
Crown Energy AB is a Sweden based oil and gas company. It is principally engaged in the business activity of exploration and production in underexplored areas, initially in Africa and the Middle East. The firm creates value by finding and developing assets in early stages and then introducing oil and gas industry participants to the projects for further development and production. The group has operations in Equatorial Guinea, South Africa, Madagascar, and Iraq.

Crown Energy AB (NGM:CRWN) Headlines

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