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Vertiseit AB (OSTO:VERT B) Piotroski F-Score : 6 (As of Jun. 15, 2024)


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What is Vertiseit 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

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

OSTO:VERT B' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 6

During the past 7 years, the highest Piotroski F-Score of Vertiseit AB was 7. The lowest was 1. And the median was 5.


Vertiseit AB Piotroski F-Score Historical Data

The historical data trend for Vertiseit 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.

Vertiseit AB Piotroski F-Score Chart

Vertiseit AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 7.00 3.00 3.00 5.00 5.00

Vertiseit 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 5.00 5.00 5.00 6.00

Competitive Comparison of Vertiseit AB's Piotroski F-Score

For the Information Technology Services subindustry, Vertiseit 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.


Vertiseit AB's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Vertiseit AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Vertiseit 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 -4.576 + 9.395 + 5.688 + 9.817 = kr20.3 Mil.
Cash Flow from Operations was -9.769 + 39.92 + 15.761 + 27.94 = kr73.9 Mil.
Revenue was 84.095 + 96.152 + 87.408 + 92.688 = kr360.3 Mil.
Gross Profit was 21.847 + 25.33 + 32.494 + 34.952 = kr114.6 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(577.712 + 587.737 + 568.558 + 540.921 + 563.085) / 5 = kr567.6026 Mil.
Total Assets at the begining of this year (Mar23) was kr577.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr120.1 Mil.
Total Current Assets was kr130.3 Mil.
Total Current Liabilities was kr149.0 Mil.
Net Income was -7.205 + 5.804 + 7.697 + 1.345 = kr7.6 Mil.

Revenue was 78.94 + 82.397 + 98.933 + 79.968 = kr340.2 Mil.
Gross Profit was 16.687 + 23.637 + 23.319 + 23.787 = kr87.4 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(357.723 + 537.015 + 525.958 + 549.42 + 577.712) / 5 = kr509.5656 Mil.
Total Assets at the begining of last year (Mar22) was kr357.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr130.0 Mil.
Total Current Assets was kr174.0 Mil.
Total Current Liabilities was kr190.6 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.

Vertiseit AB's current Net Income (TTM) was 20.3. ==> 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.

Vertiseit AB's current Cash Flow from Operations (TTM) was 73.9. ==> 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)
=20.324/577.712
=0.03518016

ROA (Last Year)=Net Income/Total Assets (Mar22)
=7.641/357.723
=0.0213601

Vertiseit AB's return on assets of this year was 0.03518016. Vertiseit AB's return on assets of last year was 0.0213601. ==> 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.

Vertiseit AB's current Net Income (TTM) was 20.3. Vertiseit AB's current Cash Flow from Operations (TTM) was 73.9. ==> 73.9 > 20.3 ==> 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
=120.132/567.6026
=0.21164808

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=129.977/509.5656
=0.25507413

Vertiseit AB's gearing of this year was 0.21164808. Vertiseit AB's gearing of last year was 0.25507413. ==> 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

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=130.326/149.031
=0.8744892

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=173.972/190.595
=0.91278365

Vertiseit AB's current ratio of this year was 0.8744892. Vertiseit AB's current ratio of last year was 0.91278365. ==> 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.

Vertiseit AB's number of shares in issue this year was 23.081. Vertiseit AB's number of shares in issue last year was 22.646. ==> 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
=114.623/360.343
=0.31809415

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=87.43/340.238
=0.25696718

Vertiseit AB's gross margin of this year was 0.31809415. Vertiseit AB's gross margin of last year was 0.25696718. ==> 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)
=360.343/577.712
=0.62374159

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=340.238/357.723
=0.9511214

Vertiseit AB's asset turnover of this year was 0.62374159. Vertiseit AB's asset turnover of last year was 0.9511214. ==> 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+1+1+1+0+0+1+0
=6

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

Vertiseit AB has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Vertiseit AB  (OSTO:VERT 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.


Vertiseit AB Piotroski F-Score Related Terms

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Vertiseit AB (OSTO:VERT B) Business Description

Traded in Other Exchanges
N/A
Address
Kyrkogatan 7, Varberg, SWE, 432 41
Vertiseit AB is a retail tech company and a leading total supplier of digital solutions. It provides full-service digital signage such as design and development, touch app development, 3D animation, motion design, content template and system integration.

Vertiseit AB (OSTO:VERT B) Headlines

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