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Dinh Vu Port Investment & Development JSC (STC:DVP) Piotroski F-Score : 4 (As of May. 25, 2024)


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What is Dinh Vu Port Investment & Development JSC 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

Dinh Vu Port Investment & Development JSC 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 Dinh Vu Port Investment & Development JSC's Piotroski F-Score or its related term are showing as below:

STC:DVP' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Dinh Vu Port Investment & Development JSC was 8. The lowest was 3. And the median was 6.


Dinh Vu Port Investment & Development JSC Piotroski F-Score Historical Data

The historical data trend for Dinh Vu Port Investment & Development JSC'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.

Dinh Vu Port Investment & Development JSC Piotroski F-Score Chart

Dinh Vu Port Investment & Development JSC 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 7.00 5.00 8.00 5.00 5.00

Dinh Vu Port Investment & Development JSC 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 5.00 5.00 5.00 5.00 4.00

Competitive Comparison of Dinh Vu Port Investment & Development JSC's Piotroski F-Score

For the Marine Shipping subindustry, Dinh Vu Port Investment & Development JSC'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.


Dinh Vu Port Investment & Development JSC's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dinh Vu Port Investment & Development JSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dinh Vu Port Investment & Development JSC'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 117107.38 + 51182.168 + 56756.268 + 60934.068 = ₫285,980 Mil.
Cash Flow from Operations was 97484.214 + 30645.579 + -11456.549 + -6432.097 = ₫110,241 Mil.
Revenue was 132863.857 + 143521.401 + 144149.709 + 151317.475 = ₫571,852 Mil.
Gross Profit was 62972.43 + 57352.201 + 40385.169 + 83753.624 = ₫244,463 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(1636811.905 + 1755289.511 + 1604894.898 + 1635776.002 + 1540558.73) / 5 = ₫1634666.2092 Mil.
Total Assets at the begining of this year (Mar23) was ₫1,636,812 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Total Current Assets was ₫1,166,372 Mil.
Total Current Liabilities was ₫103,612 Mil.
Net Income was 81717.219 + 93474.536 + 53796.29 + 105633.292 = ₫334,621 Mil.

Revenue was 156764.538 + 146130.051 + 139426.539 + 128677.13 = ₫570,998 Mil.
Gross Profit was 98937.991 + 74554.449 + 58734.782 + 66875.57 = ₫299,103 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(1463709.931 + 1384252.48 + 1479241.14 + 1497818.986 + 1636811.905) / 5 = ₫1492366.8884 Mil.
Total Assets at the begining of last year (Mar22) was ₫1,463,710 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Total Current Assets was ₫1,368,089 Mil.
Total Current Liabilities was ₫148,345 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.

Dinh Vu Port Investment & Development JSC's current Net Income (TTM) was 285,980. ==> 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.

Dinh Vu Port Investment & Development JSC's current Cash Flow from Operations (TTM) was 110,241. ==> 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)
=285979.884/1636811.905
=0.17471762

ROA (Last Year)=Net Income/Total Assets (Mar22)
=334621.337/1463709.931
=0.22861178

Dinh Vu Port Investment & Development JSC's return on assets of this year was 0.17471762. Dinh Vu Port Investment & Development JSC's return on assets of last year was 0.22861178. ==> 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.

Dinh Vu Port Investment & Development JSC's current Net Income (TTM) was 285,980. Dinh Vu Port Investment & Development JSC's current Cash Flow from Operations (TTM) was 110,241. ==> 110,241 <= 285,980 ==> CFROA <= ROA ==> Score 0.

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
=0/1634666.2092
=0

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=0/1492366.8884
=0

Dinh Vu Port Investment & Development JSC's gearing of this year was 0. Dinh Vu Port Investment & Development JSC's gearing of last year was 0. ==> 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
=1166372.364/103611.784
=11.25714006

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=1368089.067/148344.843
=9.22235677

Dinh Vu Port Investment & Development JSC's current ratio of this year was 11.25714006. Dinh Vu Port Investment & Development JSC's current ratio of last year was 9.22235677. ==> This year's current ratio is higher. ==> Score 1.

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.

Dinh Vu Port Investment & Development JSC's number of shares in issue this year was 40.009. Dinh Vu Port Investment & Development JSC's number of shares in issue last year was 39.997. ==> 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
=244463.424/571852.442
=0.42749389

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=299102.792/570998.258
=0.52382435

Dinh Vu Port Investment & Development JSC's gross margin of this year was 0.42749389. Dinh Vu Port Investment & Development JSC's gross margin of last year was 0.52382435. ==> 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 (Mar23)
=571852.442/1636811.905
=0.34936967

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=570998.258/1463709.931
=0.39010343

Dinh Vu Port Investment & Development JSC's asset turnover of this year was 0.34936967. Dinh Vu Port Investment & Development JSC's asset turnover of last year was 0.39010343. ==> 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+0+1+1+0+0+0
=4

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

Dinh Vu Port Investment & Development JSC has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Dinh Vu Port Investment & Development JSC  (STC:DVP) 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.


Dinh Vu Port Investment & Development JSC Piotroski F-Score Related Terms

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Dinh Vu Port Investment & Development JSC (STC:DVP) Business Description

Traded in Other Exchanges
N/A
Address
Dinh Vu Port, Dong Hai 2 ward, Hai An District, Hai Phong City, VNM
Dinh Vu Port Investment & Development JSC engages in cargo handling services, warehousing business, freight forwarding and forwarding services, multimodal transport services, and maritime services.

Dinh Vu Port Investment & Development JSC (STC:DVP) Headlines