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AILLP.PFD (Ameren Illinois Co) Piotroski F-Score : 5 (As of Sep. 27, 2024)


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What is Ameren Illinois Co 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

Ameren Illinois Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Ameren Illinois Co's Piotroski F-Score or its related term are showing as below:

AILLP.PFD' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Ameren Illinois Co was 7. The lowest was 5. And the median was 6.


Ameren Illinois Co Piotroski F-Score Historical Data

The historical data trend for Ameren Illinois Co'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.

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Ameren Illinois Co Piotroski F-Score Chart

Ameren Illinois Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
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Ameren Illinois Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Ameren Illinois Co's Piotroski F-Score

For the Utilities - Regulated Electric subindustry, Ameren Illinois Co'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.


Ameren Illinois Co's Piotroski F-Score Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ameren Illinois Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ameren Illinois Co'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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 125 + 156 + 215 + 125 = $621.00 Mil.
Cash Flow from Operations was 389 + 72 + 415 + 276 = $1,152.00 Mil.
Revenue was 783 + 819 + 1000 + 766 = $3,368.00 Mil.
Gross Profit was 357 + 407 + 503 + 377 = $1,644.00 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(17110 + 17445 + 18122 + 18279 + 18638) / 5 = $17918.8 Mil.
Total Assets at the begining of this year (Jun23) was $17,110.00 Mil.
Long-Term Debt & Capital Lease Obligation was $5,551.00 Mil.
Total Current Assets was $961.00 Mil.
Total Current Liabilities was $1,196.00 Mil.
Net Income was 103 + 139 + 198 + 130 = $570.00 Mil.

Revenue was 904 + 1059 + 1101 + 779 = $3,843.00 Mil.
Gross Profit was 319 + 381 + 451 + 353 = $1,504.00 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(15719 + 16132 + 16441 + 16684 + 17110) / 5 = $16417.2 Mil.
Total Assets at the begining of last year (Jun22) was $15,719.00 Mil.
Long-Term Debt & Capital Lease Obligation was $5,232.00 Mil.
Total Current Assets was $770.00 Mil.
Total Current Liabilities was $947.00 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.

Ameren Illinois Co's current Net Income (TTM) was 621.00. ==> 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.

Ameren Illinois Co's current Cash Flow from Operations (TTM) was 1,152.00. ==> 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 (Jun23)
=621/17110
=0.03629456

ROA (Last Year)=Net Income/Total Assets (Jun22)
=570/15719
=0.03626185

Ameren Illinois Co's return on assets of this year was 0.03629456. Ameren Illinois Co's return on assets of last year was 0.03626185. ==> 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.

Ameren Illinois Co's current Net Income (TTM) was 621.00. Ameren Illinois Co's current Cash Flow from Operations (TTM) was 1,152.00. ==> 1,152.00 > 621.00 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=5551/17918.8
=0.30978637

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=5232/16417.2
=0.31869015

Ameren Illinois Co's gearing of this year was 0.30978637. Ameren Illinois Co's gearing of last year was 0.31869015. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=961/1196
=0.80351171

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=770/947
=0.81309398

Ameren Illinois Co's current ratio of this year was 0.80351171. Ameren Illinois Co's current ratio of last year was 0.81309398. ==> 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.

Ameren Illinois Co's number of shares in issue this year was 0. Ameren Illinois Co's number of shares in issue last year was 0. ==> 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
=1644/3368
=0.48812352

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1504/3843
=0.39136092

Ameren Illinois Co's gross margin of this year was 0.48812352. Ameren Illinois Co's gross margin of last year was 0.39136092. ==> This year's gross 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 (Jun23)
=3368/17110
=0.19684395

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=3843/15719
=0.2444812

Ameren Illinois Co's asset turnover of this year was 0.19684395. Ameren Illinois Co's asset turnover of last year was 0.2444812. ==> 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+1+1+1+0+1+1+0
=7

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

Ameren Illinois Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Ameren Illinois Co  (OTCPK:AILLP.PFD) 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.


Ameren Illinois Co Piotroski F-Score Related Terms

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Ameren Illinois Co Business Description

Address
10 Richard Mark Way, Collinsville, IL, USA, 62234
Ameren Illinois Co an Illinois corporation is a subsidiary of Ameren Corporation. It operates a rate-regulated electric and natural gas transmission and distribution business in Illinois. Ameren Illinois has three segments: Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Illinois Transmission. Ameren Illinois Electric Distribution consists of the electric distribution business of Ameren Illinois. Ameren Illinois Natural Gas consists of the natural gas business of Ameren Illinois. Ameren Transmission primarily consists of the aggregated electric transmission businesses of Ameren Illinois and ATXI. The company makes majority of its revenue from Ameren Illinois Electric Distribution segment.

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