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Superdry (Superdry) Piotroski F-Score : 4 (As of May. 01, 2024)


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What is Superdry 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

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

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

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


Superdry Piotroski F-Score Historical Data

The historical data trend for Superdry'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.

Superdry Piotroski F-Score Chart

Superdry Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 2.00 6.00 6.00 4.00

Superdry Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 - 4.00 -

Competitive Comparison of Superdry's Piotroski F-Score

For the Apparel Manufacturing subindustry, Superdry'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.


Superdry's Piotroski F-Score Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Superdry's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Superdry'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 (Apr23) TTM:Last Year (Apr22) TTM:
Net Income was $-184.4 Mil.
Cash Flow from Operations was $57.0 Mil.
Revenue was $775.2 Mil.
Gross Profit was $409.0 Mil.
Average Total Assets from the begining of this year (Apr22)
to the end of this year (Apr23) was (631.307 + 450.311) / 2 = $540.809 Mil.
Total Assets at the begining of this year (Apr22) was $631.3 Mil.
Long-Term Debt & Capital Lease Obligation was $158.9 Mil.
Total Current Assets was $316.3 Mil.
Total Current Liabilities was $343.3 Mil.
Net Income was $29.0 Mil.

Revenue was $788.6 Mil.
Gross Profit was $441.7 Mil.
Average Total Assets from the begining of last year (Apr21)
to the end of last year (Apr22) was (704.709 + 631.307) / 2 = $668.008 Mil.
Total Assets at the begining of last year (Apr21) was $704.7 Mil.
Long-Term Debt & Capital Lease Obligation was $195.6 Mil.
Total Current Assets was $355.4 Mil.
Total Current Liabilities was $292.4 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.

Superdry's current Net Income (TTM) was -184.4. ==> 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.

Superdry's current Cash Flow from Operations (TTM) was 57.0. ==> 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 (Apr22)
=-184.433/631.307
=-0.29214471

ROA (Last Year)=Net Income/Total Assets (Apr21)
=28.978/704.709
=0.04112052

Superdry's return on assets of this year was -0.29214471. Superdry's return on assets of last year was 0.04112052. ==> 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.

Superdry's current Net Income (TTM) was -184.4. Superdry's current Cash Flow from Operations (TTM) was 57.0. ==> 57.0 > -184.4 ==> 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: Apr23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr22 to Apr23
=158.904/540.809
=0.29382647

Gearing (Last Year: Apr22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr21 to Apr22
=195.602/668.008
=0.29281386

Superdry's gearing of this year was 0.29382647. Superdry's gearing of last year was 0.29281386. ==> 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: Apr23)=Total Current Assets/Total Current Liabilities
=316.314/343.337
=0.92129307

Current Ratio (Last Year: Apr22)=Total Current Assets/Total Current Liabilities
=355.369/292.367
=1.21548944

Superdry's current ratio of this year was 0.92129307. Superdry's current ratio of last year was 1.21548944. ==> 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.

Superdry's number of shares in issue this year was 85.511. Superdry's number of shares in issue last year was 84.977. ==> 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
=408.966/775.218
=0.52754967

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=441.656/788.616
=0.56003936

Superdry's gross margin of this year was 0.52754967. Superdry's gross margin of last year was 0.56003936. ==> 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 (Apr22)
=775.218/631.307
=1.22795724

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr21)
=788.616/704.709
=1.11906617

Superdry's asset turnover of this year was 1.22795724. Superdry's asset turnover of last year was 1.11906617. ==> 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
=0+1+0+1+0+0+0+0+1
=3

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

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

Superdry  (OTCPK:SEPGY) 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.


Superdry Piotroski F-Score Related Terms

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Superdry (Superdry) Business Description

Traded in Other Exchanges
Address
Unit 60, The Runnings, Cheltenham, Gloucestershire, GBR, GL51 9NW
Superdry PLC engaged in designing clothing and accessories and selling through multiple routes to market including Retail, Wholesale and online. The company's business segments include Retail and Wholesale. The Retail segment comprises the operation of UK and Republic of Ireland stores, concessions and internet sites and Wholesale segment comprises the design and ownership of brands, and wholesale distribution of own brand products worldwide and the operation of European stores. Its Wholesale segment generates most of the revenue for the company.