GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advanced Flower Capital Inc (NAS:AFCG) » Definitions » Piotroski F-Score

AFCG (Advanced Flower Capital) Piotroski F-Score : 4 (As of Mar. 17, 2025)


View and export this data going back to 2021. Start your Free Trial

What is Advanced Flower Capital 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

Advanced Flower Capital 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 Advanced Flower Capital's Piotroski F-Score or its related term are showing as below:

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

During the past 5 years, the highest Piotroski F-Score of Advanced Flower Capital was 6. The lowest was 4. And the median was 4.


Advanced Flower Capital Piotroski F-Score Historical Data

The historical data trend for Advanced Flower Capital'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.

Advanced Flower Capital Piotroski F-Score Chart

Advanced Flower Capital Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 4.00 6.00 4.00

Advanced Flower Capital Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.00 4.00 3.00 3.00 4.00

Competitive Comparison of Advanced Flower Capital's Piotroski F-Score

For the REIT - Mortgage subindustry, Advanced Flower Capital'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.


Advanced Flower Capital's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Advanced Flower Capital's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Advanced Flower Capital'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -0.054 + 16.446 + 1.384 + -0.992 = $16.78 Mil.
Cash Flow from Operations was 6.373 + 10.32 + 2.644 + 2.222 = $21.56 Mil.
Revenue was 11.051 + 16.964 + 4.261 + 7.485 = $39.76 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(466.585 + 476.406 + 457.992 + 366.618 + 402.057) / 5 = $433.9316 Mil.
Total Assets at the begining of this year (Dec23) was $466.59 Mil.
Long-Term Debt & Capital Lease Obligation was $88.61 Mil.
Total Assets was $402.06 Mil.
Total Liabilities was $200.68 Mil.
Net Income was 10.025 + 12.135 + 7.98 + -9.188 = $20.95 Mil.

Revenue was 15.328 + 15.636 + 14.84 + 8.274 = $54.08 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(519.177 + 447.834 + 453.987 + 445.102 + 466.585) / 5 = $466.537 Mil.
Total Assets at the begining of last year (Dec22) was $519.18 Mil.
Long-Term Debt & Capital Lease Obligation was $88.02 Mil.
Total Assets was $466.59 Mil.
Total Liabilities was $146.53 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.

Advanced Flower Capital's current Net Income (TTM) was 16.78. ==> 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.

Advanced Flower Capital's current Cash Flow from Operations (TTM) was 21.56. ==> 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 (Dec23)
=16.784/466.585
=0.03597201

ROA (Last Year)=Net Income/Total Assets (Dec22)
=20.952/519.177
=0.04035618

Advanced Flower Capital's return on assets of this year was 0.03597201. Advanced Flower Capital's return on assets of last year was 0.04035618. ==> 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.

Advanced Flower Capital's current Net Income (TTM) was 16.78. Advanced Flower Capital's current Cash Flow from Operations (TTM) was 21.56. ==> 21.56 > 16.78 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=88.612/433.9316
=0.2042073

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=88.015/466.537
=0.18865599

Advanced Flower Capital's gearing of this year was 0.2042073. Advanced Flower Capital's gearing of last year was 0.18865599. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Dec24)=Total Assets/Total Liabilities
=402.057/200.681
=2.00346321

Current Ratio (Last Year: Dec23)=Total Assets/Total Liabilities
=466.585/146.533
=3.18416329

Advanced Flower Capital's current ratio of this year was 2.00346321. Advanced Flower Capital's current ratio of last year was 3.18416329. ==> 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.

Advanced Flower Capital's number of shares in issue this year was 21.925. Advanced Flower Capital's number of shares in issue last year was 20.339. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=16.784/39.761
=0.42212218

Net Margin (Last Year: TTM)=Net Income/Revenue
=20.952/54.078
=0.38744036

Advanced Flower Capital's net margin of this year was 0.42212218. Advanced Flower Capital's net margin of last year was 0.38744036. ==> This year's net margin is higher. ==> Score 1.

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 (Dec23)
=39.761/466.585
=0.08521706

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=54.078/519.177
=0.10416101

Advanced Flower Capital's asset turnover of this year was 0.08521706. Advanced Flower Capital's asset turnover of last year was 0.10416101. ==> 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+0+0+0+1+0
=4

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

Advanced Flower Capital has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Advanced Flower Capital  (NAS:AFCG) 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.


Advanced Flower Capital Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Advanced Flower Capital's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Advanced Flower Capital Business Description

Traded in Other Exchanges
Address
477 S. Rosemary Avenue, Suite 301, West Palm Beach, FL, USA, 33401
Advanced Flower Capital Inc is a commercial mortgage REIT that provides institutional loans to state-law-compliant cannabis operators in the U.S. Through the management team's deep network and significant credit and cannabis expertise, AFC originates, structures and underwrites loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows.
Executives
Leonard M Tannenbaum director, 10 percent owner, officer: Chief Executive Officer 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
James C. Fagan director 123 HARBOR DRIVE, UNIT 211, STAMFORD CT 06902
Robyn Tannenbaum officer: Managing Director 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Brandon Hetzel officer: CFO and Treasurer 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Jonathan Gilbert Kalikow director, 10 percent owner, officer: Head of Real Estate 101 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10178
Brett Kaufman officer: CFO and Treasurer 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Marnie Migatz Sudnow director 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Thomas L Harrison director
Jodi Hanson Bond director 777 WEST PUTNAM AVENUE, 3RD FLOOR, GREENWICH CT 06830
Alexander C Frank director 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Robert L Levy director 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Tomer Tzur director 7545 SW 54TH AVENUE, MIAMI FL 33143
Thomas Geoffroy officer: CFO and Treasurer 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401