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BM Technologies Piotroski F-Score

: 8 (As of Today)
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Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

BM Technologies has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

BMTX' s Piotroski F-Score Range Over the Past 10 Years
Min: 8   Med: 8   Max: 8
Current: 8

During the past 3 years, the highest Piotroski F-Score of BM Technologies was 8. The lowest was 8. And the median was 8.


BM Technologies Piotroski F-Score Historical Data

The historical data trend for BM Technologies'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.

BM Technologies Annual Data
Trend Dec19 Dec20 Dec21
Piotroski F-Score
N/A N/A 8.00

BM Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A 8.00

Competitive Comparison

For the Software - Application subindustry, BM Technologies'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.

   

BM Technologies Piotroski F-Score Distribution

For the Software industry and Technology sector, BM Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where BM Technologies'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 (Dec21) TTM:Last Year (Dec20) TTM:
Net Income was 18.889 + -1.836 + 8.794 + -8.804 = $17.04 Mil.
Cash Flow from Operations was 9.519 + 11.387 + 1.176 + 5.461 = $27.54 Mil.
Revenue was 24.383 + 22.893 + 21.974 + 25.737 = $94.99 Mil.
Gross Profit was 15.256 + 13.783 + 16.361 + 18.4 = $63.80 Mil.
Average Total Assets from the begining of this year (Dec20)
to the end of this year (Dec21) was
(66.61 + 76.515 + 75.045 + 69.876 + 76.428) / 5 = $72.8948 Mil.
Total Assets at the begining of this year (Dec20) was $66.61 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $36.64 Mil.
Total Current Liabilities was $24.64 Mil.
Net Income was -4.534 + -4.119 + 0.25 + -3.811 = $-12.21 Mil.

Revenue was 15.758 + 15.431 + 18.338 + 16.909 = $66.44 Mil.
Gross Profit was 9.629 + 7.089 + 11.506 + 7.572 = $35.80 Mil.
Average Total Assets from the begining of last year (Dec19)
to the end of last year (Dec20) was
(175.931 + 0 + 0 + 0 + 66.61) / 5 = $121.2705 Mil.
Total Assets at the begining of last year (Dec19) was $175.93 Mil.
Long-Term Debt & Capital Lease Obligation was $0.43 Mil.
Total Current Assets was $15.37 Mil.
Total Current Liabilities was $39.81 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.

BM Technologies's current Net Income (TTM) was 17.04. ==> 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.

BM Technologies's current Cash Flow from Operations (TTM) was 27.54. ==> 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 (Dec20)
=17.043/66.61
=0.25586248

ROA (Last Year)=Net Income/Total Assets (Dec19)
=-12.214/175.931
=-0.06942495

BM Technologies's return on assets of this year was 0.25586248. BM Technologies's return on assets of last year was -0.06942495. ==> 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.

BM Technologies's current Net Income (TTM) was 17.04. BM Technologies's current Cash Flow from Operations (TTM) was 27.54. ==> 27.54 > 17.04 ==> 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: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=0/72.8948
=0

Gearing (Last Year: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=0.43/121.2705
=0.00354579

BM Technologies's gearing of this year was 0. BM Technologies's gearing of last year was 0.00354579. ==> 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: Dec21)=Total Current Assets/Total Current Liabilities
=36.644/24.643
=1.48699428

Current Ratio (Last Year: Dec20)=Total Current Assets/Total Current Liabilities
=15.37/39.81
=0.3860839

BM Technologies's current ratio of this year was 1.48699428. BM Technologies's current ratio of last year was 0.3860839. ==> 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.

BM Technologies's number of shares in issue this year was 12.802. BM Technologies's number of shares in issue last year was 6.123. ==> 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
=63.8/94.987
=0.67167086

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=35.796/66.436
=0.53880426

BM Technologies's gross margin of this year was 0.67167086. BM Technologies's gross margin of last year was 0.53880426. ==> 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 (Dec20)
=94.987/66.61
=1.42601711

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec19)
=66.436/175.931
=0.37762532

BM Technologies's asset turnover of this year was 1.42601711. BM Technologies's asset turnover of last year was 0.37762532. ==> 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+1+0+1+1
=8

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

BM Technologies has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

BM Technologies  (AMEX:BMTX) 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.


BM Technologies Piotroski F-Score Related Terms

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


BM Technologies Business Description

BM Technologies logo
Traded in Other Exchanges
Address
535 5th Ave, 29th Floor, New York, NY, USA, 10017
BM Technologies Inc is a digital banking platform in the United States. It provides a suite of low-cost products, including checking & savings accounts, to consumers through its business-to-business-to-customer distribution model by connecting consumers to an FDIC-insured banking institution.
Executives
Dolan John J director 4655 SALISBURY ROAD SUITE 110 JACKSONVILLE FL 32256
Dullinger James Francis officer: Chief Accounting Officer C/O IOTA COMMUNICATIONS, INC. 645 HAMILTON STREET, SUITE 400 ALLENTOWN PA 18101
Schechter Private Capital, Llc 10 percent owner 251 PIERCE STREET BIRMINGHAM MI 48009
Dinodia Pankaj director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Ramsey Robert H officer: Chief Financial Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Schwab Marcy director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Hurley Brent director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Diegel Robert officer: Chief Operating Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Gill Mike director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Hodari Aaron director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Sidhu Luvleen director, officer: Chief Executive Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Millennium Management Llc other: May be deemed a group member. 399 PARK AVENUE NEW YORK NY 10022
Millennium Group Management Llc other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022
Integrated Core Strategies (us) Llc 10 percent owner C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022
Englander Israel A other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022

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