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Electrolux Professional AB (OSTO:EPRO B) Piotroski F-Score : 5 (As of May. 14, 2024)


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What is Electrolux Professional 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

Electrolux Professional AB 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 Electrolux Professional AB's Piotroski F-Score or its related term are showing as below:

OSTO:EPRO B' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 5

During the past 8 years, the highest Piotroski F-Score of Electrolux Professional AB was 7. The lowest was 4. And the median was 6.


Electrolux Professional AB Piotroski F-Score Historical Data

The historical data trend for Electrolux Professional 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.

Electrolux Professional AB Piotroski F-Score Chart

Electrolux Professional AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 7.00 4.00 6.00

Electrolux Professional AB 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 4.00 6.00 6.00 6.00 5.00

Competitive Comparison of Electrolux Professional AB's Piotroski F-Score

For the Specialty Industrial Machinery subindustry, Electrolux Professional 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.


Electrolux Professional AB's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electrolux Professional AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Electrolux Professional 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 257 + 159 + 169 + 171 = kr756 Mil.
Cash Flow from Operations was 305 + 317 + 531 + 160 = kr1,313 Mil.
Revenue was 3153 + 2752 + 2975 + 3055 = kr11,935 Mil.
Gross Profit was 1067 + 945 + 956 + 1054 = kr4,022 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(12167 + 12522 + 11924 + 11347 + 13946) / 5 = kr12381.2 Mil.
Total Assets at the begining of this year (Mar23) was kr12,167 Mil.
Long-Term Debt & Capital Lease Obligation was kr3,066 Mil.
Total Current Assets was kr5,591 Mil.
Total Current Liabilities was kr5,055 Mil.
Net Income was 132 + 195 + 204 + 190 = kr721 Mil.

Revenue was 2731 + 2782 + 3040 + 2968 = kr11,521 Mil.
Gross Profit was 900 + 925 + 967 + 1030 = kr3,822 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(10931 + 11784 + 12672 + 12229 + 12167) / 5 = kr11956.6 Mil.
Total Assets at the begining of last year (Mar22) was kr10,931 Mil.
Long-Term Debt & Capital Lease Obligation was kr2,679 Mil.
Total Current Assets was kr5,503 Mil.
Total Current Liabilities was kr4,448 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.

Electrolux Professional AB's current Net Income (TTM) was 756. ==> 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.

Electrolux Professional AB's current Cash Flow from Operations (TTM) was 1,313. ==> 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)
=756/12167
=0.06213528

ROA (Last Year)=Net Income/Total Assets (Mar22)
=721/10931
=0.0659592

Electrolux Professional AB's return on assets of this year was 0.06213528. Electrolux Professional AB's return on assets of last year was 0.0659592. ==> 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.

Electrolux Professional AB's current Net Income (TTM) was 756. Electrolux Professional AB's current Cash Flow from Operations (TTM) was 1,313. ==> 1,313 > 756 ==> 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
=3066/12381.2
=0.24763351

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=2679/11956.6
=0.22406035

Electrolux Professional AB's gearing of this year was 0.24763351. Electrolux Professional AB's gearing of last year was 0.22406035. ==> 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
=5591/5055
=1.10603363

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=5503/4448
=1.23718525

Electrolux Professional AB's current ratio of this year was 1.10603363. Electrolux Professional AB's current ratio of last year was 1.23718525. ==> 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.

Electrolux Professional AB's number of shares in issue this year was 287.4. Electrolux Professional AB's number of shares in issue last year was 287.4. ==> 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
=4022/11935
=0.33699204

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3822/11521
=0.33174204

Electrolux Professional AB's gross margin of this year was 0.33699204. Electrolux Professional AB's gross margin of last year was 0.33174204. ==> 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)
=11935/12167
=0.98093203

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=11521/10931
=1.05397493

Electrolux Professional AB's asset turnover of this year was 0.98093203. Electrolux Professional AB's asset turnover of last year was 1.05397493. ==> 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+1+0
=5

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

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

Electrolux Professional AB  (OSTO:EPRO B) 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.


Electrolux Professional AB Piotroski F-Score Related Terms

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Electrolux Professional AB (OSTO:EPRO B) Business Description

Traded in Other Exchanges
Address
Franzengatan 6, Stockholm, SWE, SE-112 51
Electrolux Professional AB is a provider of food service, beverage, and laundry solutions, serving a wide range of customers globally, from restaurants and hotels to healthcare, educational, and other service facilities. The company's products include Combi ovens; Boiling & braising pans; Fry tops; Slicers & food processors; Planetary mixers; Vacuum packers & sealers; Refrigerated counters; Blast chillers; Waste management systems; Coffee grinders; hot, cold, and frozen beverages dispensers; Beer dispensing systems; and others. Its geographical segments are Europe; the Asia Pacific, the Middle East, Africa; and the Americas, of which the majority of its revenue comes from Europe.

Electrolux Professional AB (OSTO:EPRO B) Headlines

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