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Agile Group Holdings (Agile Group Holdings) Piotroski F-Score : 3 (As of Apr. 26, 2024)


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What is Agile Group Holdings Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Agile Group Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Agile Group Holdings's Piotroski F-Score or its related term are showing as below:

AGPYY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Agile Group Holdings was 7. The lowest was 3. And the median was 5.


Agile Group Holdings Piotroski F-Score Historical Data

The historical data trend for Agile Group 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.

Agile Group Holdings Piotroski F-Score Chart

Agile Group Holdings 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 3.00 7.00 5.00 3.00 -

Agile Group Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 3.00 - -

Competitive Comparison of Agile Group Holdings's Piotroski F-Score

For the Real Estate - Development subindustry, Agile Group Holdings'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.


Agile Group Holdings's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Agile Group Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Agile Group Holdings'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 (Dec22) TTM:Last Year (Dec21) TTM:
Net Income was $-2,006 Mil.
Cash Flow from Operations was $1,781 Mil.
Revenue was $7,751 Mil.
Gross Profit was $144 Mil.
Average Total Assets from the begining of this year (Dec21)
to the end of this year (Dec22) was (49700.868 + 39213.135) / 2 = $44457.0015 Mil.
Total Assets at the begining of this year (Dec21) was $49,701 Mil.
Long-Term Debt & Capital Lease Obligation was $5,106 Mil.
Total Current Assets was $25,835 Mil.
Total Current Liabilities was $21,839 Mil.
Net Income was $1,208 Mil.

Revenue was $11,466 Mil.
Gross Profit was $2,986 Mil.
Average Total Assets from the begining of last year (Dec20)
to the end of last year (Dec21) was (47981.444 + 49700.868) / 2 = $48841.156 Mil.
Total Assets at the begining of last year (Dec20) was $47,981 Mil.
Long-Term Debt & Capital Lease Obligation was $8,565 Mil.
Total Current Assets was $34,205 Mil.
Total Current Liabilities was $25,661 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.

Agile Group Holdings's current Net Income (TTM) was -2,006. ==> Negative ==> Score 0.

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.

Agile Group Holdings's current Cash Flow from Operations (TTM) was 1,781. ==> 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 (Dec21)
=-2006.089/49700.868
=-0.04036326

ROA (Last Year)=Net Income/Total Assets (Dec20)
=1208.28/47981.444
=0.02518224

Agile Group Holdings's return on assets of this year was -0.04036326. Agile Group Holdings's return on assets of last year was 0.02518224. ==> 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.

Agile Group Holdings's current Net Income (TTM) was -2,006. Agile Group Holdings's current Cash Flow from Operations (TTM) was 1,781. ==> 1,781 > -2,006 ==> 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: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=5105.73/44457.0015
=0.11484648

Gearing (Last Year: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=8565.406/48841.156
=0.17537271

Agile Group Holdings's gearing of this year was 0.11484648. Agile Group Holdings's gearing of last year was 0.17537271. ==> 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: Dec22)=Total Current Assets/Total Current Liabilities
=25834.916/21839.039
=1.18296945

Current Ratio (Last Year: Dec21)=Total Current Assets/Total Current Liabilities
=34204.827/25661.299
=1.33293435

Agile Group Holdings's current ratio of this year was 1.18296945. Agile Group Holdings's current ratio of last year was 1.33293435. ==> 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.

Agile Group Holdings's number of shares in issue this year was 78.297. Agile Group Holdings's number of shares in issue last year was 77.652. ==> 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
=143.578/7750.524
=0.01852494

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2986.367/11465.587
=0.26046351

Agile Group Holdings's gross margin of this year was 0.01852494. Agile Group Holdings's gross margin of last year was 0.26046351. ==> 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 (Dec21)
=7750.524/49700.868
=0.15594343

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec20)
=11465.587/47981.444
=0.23895877

Agile Group Holdings's asset turnover of this year was 0.15594343. Agile Group Holdings's asset turnover of last year was 0.23895877. ==> 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
=0+1+0+1+1+0+0+0+0
=3

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

Agile Group Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Agile Group Holdings  (OTCPK:AGPYY) 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.


Agile Group Holdings Piotroski F-Score Related Terms

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Agile Group Holdings (Agile Group Holdings) Business Description

Traded in Other Exchanges
Address
26 Huaxia Road, 33rd Floor, Agile Center, Zhujiang New Town, Tianhe District, Guangdong Province, Guangzhou, CHN, 510623
Agile Group is one of the largest Chinese developers listed (2005) on the Hong Kong Exchange. Its main business is property development, with a land bank spread across China and overseas, including key cities in Zhongshan, Guangzhou, and Hainan. Agile spun off its complementary property management business A-Living Services on the Hong Kong Exchange in February 2018; we believe this business is poised to enjoy healthy organic and inorganic growth in gross floor area under management. The company also operates a commercial portfolio consisting of hotels and investment properties, as well as construction. Its environmental business covers waste and water treatment, currently operating in an initial growth phase.

Agile Group Holdings (Agile Group Holdings) Headlines