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Sienna Senior Living (TSX:SIA) Piotroski F-Score : 5 (As of May. 13, 2024)


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What is Sienna Senior Living 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

Sienna Senior Living 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 Sienna Senior Living's Piotroski F-Score or its related term are showing as below:

TSX:SIA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 5

During the past 13 years, the highest Piotroski F-Score of Sienna Senior Living was 6. The lowest was 3. And the median was 5.


Sienna Senior Living Piotroski F-Score Historical Data

The historical data trend for Sienna Senior Living'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.

Sienna Senior Living Piotroski F-Score Chart

Sienna Senior Living 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 4.00 5.00 6.00 5.00 5.00

Sienna Senior Living 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 2.00 2.00 5.00 -

Competitive Comparison of Sienna Senior Living's Piotroski F-Score

For the Medical Care Facilities subindustry, Sienna Senior Living'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.


Sienna Senior Living's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sienna Senior Living's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sienna Senior Living'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 4.467 + 2.479 + 0.432 + 19.729 = C$27.1 Mil.
Cash Flow from Operations was 35.847 + 37.22 + 35.943 + 36.49 = C$145.5 Mil.
Revenue was 190.598 + 191.974 + 210.742 + 230.95 = C$824.3 Mil.
Gross Profit was 190.598 + 191.974 + 210.742 + 230.95 = C$824.3 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(1681.045 + 1675.614 + 1681.167 + 1695.343 + 1700.083) / 5 = C$1686.6504 Mil.
Total Assets at the begining of this year (Mar23) was C$1,681.0 Mil.
Long-Term Debt & Capital Lease Obligation was C$732.0 Mil.
Total Current Assets was C$60.8 Mil.
Total Current Liabilities was C$535.8 Mil.
Net Income was -11.19 + 2.513 + -6.675 + -0.34 = C$-15.7 Mil.

Revenue was 176.545 + 181.893 + 185.87 + 192.054 = C$736.4 Mil.
Gross Profit was 176.545 + 181.893 + 185.87 + 192.054 = C$736.4 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(1702.288 + 1747.872 + 1736.319 + 1680.428 + 1681.045) / 5 = C$1709.5904 Mil.
Total Assets at the begining of last year (Mar22) was C$1,702.3 Mil.
Long-Term Debt & Capital Lease Obligation was C$872.2 Mil.
Total Current Assets was C$70.7 Mil.
Total Current Liabilities was C$335.0 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.

Sienna Senior Living's current Net Income (TTM) was 27.1. ==> 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.

Sienna Senior Living's current Cash Flow from Operations (TTM) was 145.5. ==> 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)
=27.107/1681.045
=0.01612509

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-15.692/1702.288
=-0.00921818

Sienna Senior Living's return on assets of this year was 0.01612509. Sienna Senior Living's return on assets of last year was -0.00921818. ==> 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.

Sienna Senior Living's current Net Income (TTM) was 27.1. Sienna Senior Living's current Cash Flow from Operations (TTM) was 145.5. ==> 145.5 > 27.1 ==> 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
=732.045/1686.6504
=0.43402296

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=872.211/1709.5904
=0.51018712

Sienna Senior Living's gearing of this year was 0.43402296. Sienna Senior Living's gearing of last year was 0.51018712. ==> 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
=60.808/535.798
=0.11349053

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=70.724/334.97
=0.21113533

Sienna Senior Living's current ratio of this year was 0.11349053. Sienna Senior Living's current ratio of last year was 0.21113533. ==> 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.

Sienna Senior Living's number of shares in issue this year was 72.967. Sienna Senior Living's number of shares in issue last year was 72.94. ==> 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
=824.264/824.264
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=736.362/736.362
=1

Sienna Senior Living's gross margin of this year was 1. Sienna Senior Living's gross margin of last year was 1. ==> 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)
=824.264/1681.045
=0.49032834

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=736.362/1702.288
=0.43257193

Sienna Senior Living's asset turnover of this year was 0.49032834. Sienna Senior Living's asset turnover of last year was 0.43257193. ==> 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
=1+1+1+1+1+0+0+0+1
=6

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

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

Sienna Senior Living  (TSX:SIA) 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.


Sienna Senior Living Piotroski F-Score Related Terms

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Sienna Senior Living (TSX:SIA) Business Description

Traded in Other Exchanges
Address
302 Town Centre Boulevard, Suite 300, Markham, ON, CAN, L3R 0E8
Sienna Senior Living Inc is one of the largest owners of seniors' housing, the largest licensed long-term care operator in Ontario, and a provider of services across the full continuum of care. The firm operates solely within Canada. The company is comprised of the following main business segments, LTC Business, Retirement, and Other. LTC business division consists of approximately 34 LTC residences in the Province of Ontario, eight seniors' living residences located in the Province of British Columbia and the LTC management services business. The group derives a majority of its revenue from LTC segment.
Executives
Barbara Bellissimo Director

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