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AMCX (AMC Networks) Piotroski F-Score : 5 (As of Mar. 16, 2025)


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What is AMC Networks 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

AMC Networks 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 AMC Networks's Piotroski F-Score or its related term are showing as below:

AMCX' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of AMC Networks was 7. The lowest was 4. And the median was 5.


AMC Networks Piotroski F-Score Historical Data

The historical data trend for AMC Networks'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.

AMC Networks Piotroski F-Score Chart

AMC Networks Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 4.00 6.00 5.00

AMC Networks Quarterly Data
Mar20 Jun20 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 Premium Member Only Premium Member Only 6.00 7.00 6.00 6.00 5.00

Competitive Comparison of AMC Networks's Piotroski F-Score

For the Entertainment subindustry, AMC Networks'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.


AMC Networks's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AMC Networks's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where AMC Networks'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 45.803 + -29.234 + 41.382 + -284.497 = $-227 Mil.
Cash Flow from Operations was 150.869 + 104.403 + 62.235 + 58.108 = $376 Mil.
Revenue was 596.461 + 625.934 + 599.614 + 599.305 = $2,421 Mil.
Gross Profit was 324.885 + 345.207 + 311.868 + 306.761 = $1,289 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(4969.787 + 4911.556 + 4872.72 + 4825.409 + 4362.221) / 5 = $4788.3386 Mil.
Total Assets at the begining of this year (Dec23) was $4,970 Mil.
Long-Term Debt & Capital Lease Obligation was $2,393 Mil.
Total Current Assets was $1,671 Mil.
Total Current Liabilities was $703 Mil.
Net Income was 103.61 + 70.239 + 63.424 + -21.809 = $215 Mil.

Revenue was 717.447 + 678.628 + 636.954 + 678.848 = $2,712 Mil.
Gross Profit was 390.718 + 356.667 + 352.054 + 284.938 = $1,384 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(5633.836 + 5463.238 + 5470.481 + 5390.785 + 4969.787) / 5 = $5385.6254 Mil.
Total Assets at the begining of last year (Dec22) was $5,634 Mil.
Long-Term Debt & Capital Lease Obligation was $2,381 Mil.
Total Current Assets was $1,623 Mil.
Total Current Liabilities was $943 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.

AMC Networks's current Net Income (TTM) was -227. ==> Negative ==> Score 0.

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.

AMC Networks's current Cash Flow from Operations (TTM) was 376. ==> 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)
=-226.546/4969.787
=-0.04558465

ROA (Last Year)=Net Income/Total Assets (Dec22)
=215.464/5633.836
=0.03824463

AMC Networks's return on assets of this year was -0.04558465. AMC Networks's return on assets of last year was 0.03824463. ==> 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.

AMC Networks's current Net Income (TTM) was -227. AMC Networks's current Cash Flow from Operations (TTM) was 376. ==> 376 > -227 ==> 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
=2393.3/4788.3386
=0.49981845

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=2381.489/5385.6254
=0.44219358

AMC Networks's gearing of this year was 0.49981845. AMC Networks's gearing of last year was 0.44219358. ==> 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

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=1670.804/702.668
=2.37780004

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=1623.37/943.423
=1.72072337

AMC Networks's current ratio of this year was 2.37780004. AMC Networks's current ratio of last year was 1.72072337. ==> 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.

AMC Networks's number of shares in issue this year was 44.609. AMC Networks's number of shares in issue last year was 44.249. ==> 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
=1288.721/2421.314
=0.53224035

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1384.377/2711.877
=0.51048665

AMC Networks's gross margin of this year was 0.53224035. AMC Networks's gross margin of last year was 0.51048665. ==> 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 (Dec23)
=2421.314/4969.787
=0.4872068

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=2711.877/5633.836
=0.48135533

AMC Networks's asset turnover of this year was 0.4872068. AMC Networks's asset turnover of last year was 0.48135533. ==> 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
=0+1+0+1+0+1+0+1+1
=5

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

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

AMC Networks  (NAS:AMCX) 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.


AMC Networks Piotroski F-Score Related Terms

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AMC Networks Business Description

Traded in Other Exchanges
Address
11 Penn Plaza, New York, NY, USA, 10001
AMC Networks owns several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network, reached nearly 65 million pay-TV households in the US at the end of 2023. The firm also had nearly 11.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue.
Executives
Kimberly Kelleher officer: Chief Commercial Officer C/O REDBOX ENTERTAINMENT INC., 1 TOWER LANE, SUITE 800, OAKBROOK TERRACE IL 60181
Patrick O'connell officer: EVP & Chief Financial Officer 11 PENN PLAZA, NEW YORK CITY NY 10001
Sherin Michael J. Iii officer: EVP, Chief Accounting Officer 11 PENN PLAZA, NEW YORK CITY NY 10001
James Gallagher officer: EVP and General Counsel 11 PENN PLAZA, NEW YORK NY 10001
Matthew Blank officer: Interim CEO TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Dan Mcdermott officer: President - Ent. & AMC Studios 2425 OLYMPIC BOULEVARD, SANTA MONICA CA 90404
Debra Golding Perelman director 35 EAST 62ND STREET, NEW YORK NY 10065
Dolan Leinauer Corby other: Trustee of 13D Group Member BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Joseph Cohen director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Joshua W Sapan officer: President and CEO 11 PENN PLAZA, NEW YORK NY 10001
Christina Spade officer: COO and CFO 11 PENN PLAZA, NEW YORK NY 10001
Cfd 2021 Gc Trust Fbo Kevyn A. Dolan other: Member of 13(d) Group DOLAN FAMILY OFFICE,LLC, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Cfd 2021 Gc Trust Fbo Tara E. Dolan other: Member of 13(d) Group DOLAN FAMILY OFFICE, LLC, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Aidan J Dolan director 11 PENN PLAZA, NEW YORK NY 10001
Christian B. Wymbs officer: EVP & Chief Accounting Officer AMC NETWORKS INC., 11 PENN PLAZA, NEW YORK NY 10001