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Feria de Osorno (XSGO:FERIAOSOR) Piotroski F-Score : 5 (As of May. 25, 2024)


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What is Feria de Osorno 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

Feria de Osorno has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Feria de Osorno's Piotroski F-Score or its related term are showing as below:

XSGO:FERIAOSOR' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Feria de Osorno was 8. The lowest was 4. And the median was 6.


Feria de Osorno Piotroski F-Score Historical Data

The historical data trend for Feria de Osorno'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.

Feria de Osorno Piotroski F-Score Chart

Feria de Osorno 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 8.00 6.00 5.00 5.00

Feria de Osorno Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.00 6.00 4.00 5.00

Competitive Comparison of Feria de Osorno's Piotroski F-Score

For the Farm Products subindustry, Feria de Osorno'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.


Feria de Osorno's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Feria de Osorno's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Feria de Osorno'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 2409.698 + 1651.081 + 511.938 + 1031.131 = CLP5,604 Mil.
Cash Flow from Operations was 3348.007 + 6070.418 + 7975.722 + 1949.18 = CLP19,343 Mil.
Revenue was 67008.989 + 68001.15 + 69883.74 + 74532.244 = CLP279,426 Mil.
Gross Profit was 6717.384 + 5716.274 + 4720.23 + 5333.429 = CLP22,487 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(130942.522 + 131047.961 + 122147.766 + 130145.215 + 129044.407) / 5 = CLP128665.5742 Mil.
Total Assets at the begining of this year (Dec22) was CLP130,943 Mil.
Long-Term Debt & Capital Lease Obligation was CLP4,494 Mil.
Total Current Assets was CLP93,241 Mil.
Total Current Liabilities was CLP72,562 Mil.
Net Income was 4019.498 + 4024.405 + 2815.429 + 1337.638 = CLP12,197 Mil.

Revenue was 67088.563 + 72979.863 + 84911.401 + 72942.002 = CLP297,922 Mil.
Gross Profit was 8585.667 + 8524.548 + 8324.914 + 5462.308 = CLP30,897 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(121690.426 + 141765.086 + 138860.94 + 139892.407 + 130942.522) / 5 = CLP134630.2762 Mil.
Total Assets at the begining of last year (Dec21) was CLP121,690 Mil.
Long-Term Debt & Capital Lease Obligation was CLP6,100 Mil.
Total Current Assets was CLP96,609 Mil.
Total Current Liabilities was CLP72,313 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.

Feria de Osorno's current Net Income (TTM) was 5,604. ==> 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.

Feria de Osorno's current Cash Flow from Operations (TTM) was 19,343. ==> 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 (Dec22)
=5603.848/130942.522
=0.04279624

ROA (Last Year)=Net Income/Total Assets (Dec21)
=12196.97/121690.426
=0.1002295

Feria de Osorno's return on assets of this year was 0.04279624. Feria de Osorno's return on assets of last year was 0.1002295. ==> 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.

Feria de Osorno's current Net Income (TTM) was 5,604. Feria de Osorno's current Cash Flow from Operations (TTM) was 19,343. ==> 19,343 > 5,604 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=4494.135/128665.5742
=0.03492881

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=6099.52/134630.2762
=0.04530571

Feria de Osorno's gearing of this year was 0.03492881. Feria de Osorno's gearing of last year was 0.04530571. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=93240.564/72561.958
=1.28497861

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=96609.491/72312.683
=1.33599649

Feria de Osorno's current ratio of this year was 1.28497861. Feria de Osorno's current ratio of last year was 1.33599649. ==> 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.

Feria de Osorno's number of shares in issue this year was 179.739. Feria de Osorno's number of shares in issue last year was 179.739. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=22487.317/279426.123
=0.08047679

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=30897.437/297921.829
=0.10370988

Feria de Osorno's gross margin of this year was 0.08047679. Feria de Osorno's gross margin of last year was 0.10370988. ==> 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 (Dec22)
=279426.123/130942.522
=2.13396014

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=297921.829/121690.426
=2.44819448

Feria de Osorno's asset turnover of this year was 2.13396014. Feria de Osorno's asset turnover of last year was 2.44819448. ==> 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+1+1+0+1+0+0
=5

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

Feria de Osorno has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Feria de Osorno  (XSGO:FERIAOSOR) 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.


Feria de Osorno Piotroski F-Score Related Terms

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Feria de Osorno (XSGO:FERIAOSOR) Business Description

Traded in Other Exchanges
N/A
Address
Cochrane 460, Osorno, CHL
Feria de Osorno SA engaged in the production, distribution, import, export andmarketing of food intended for human consumption, especially dairy and meat.. It operates in the farming and agricultural sectors. Its activities include raising, auction and promotion of livestock, processing and export of meat products, distribution of agricultural machinery and equipment.

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