Market Cap : 38.66 B | Enterprise Value : 66.63 B | PE Ratio : At Loss | PB Ratio : |
---|
AMEX:LNG has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
AMEX:LNG has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cheniere Energy 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 Cheniere Energy's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Cheniere Energy was 9. The lowest was 1. And the median was 4.
The historical data trend for Cheniere Energy'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.
For the Oil & Gas Midstream subindustry, Cheniere Energy'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.
For the Oil & Gas industry and Energy sector, Cheniere Energy's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Cheniere Energy'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 (Jun22) TTM: | Last Year (Jun21) TTM: |
Net Income was -1084 + -1323 + -865 + 741 = $-2,531 Mil. Cash Flow from Operations was 684 + 412 + 2655 + 2517 = $6,268 Mil. Revenue was 3200 + 6557 + 7484 + 8007 = $25,248 Mil. Gross Profit was -1927 + 934 + -123 + 1979 = $863 Mil. Average Total Assets from the begining of this year (Jun21) to the end of this year (Jun22) was (36752 + 40179 + 39258 + 40055 + 41313) / 5 = $39511.4 Mil. Total Assets at the begining of this year (Jun21) was $36,752 Mil. Long-Term Debt & Capital Lease Obligation was $27,734 Mil. Total Current Assets was $6,186 Mil. Total Current Liabilities was $7,556 Mil. |
Net Income was -463 + -194 + 393 + -329 = $-593 Mil. Revenue was 1460 + 2787 + 3090 + 3017 = $10,354 Mil. Gross Profit was 459 + 688 + 1468 + 605 = $3,220 Mil. Average Total Assets from the begining of last year (Jun20) to the end of last year (Jun21) was (35846 + 35931 + 35697 + 36395 + 36752) / 5 = $36124.2 Mil. Total Assets at the begining of last year (Jun20) was $35,846 Mil. Long-Term Debt & Capital Lease Obligation was $30,716 Mil. Total Current Assets was $3,665 Mil. Total Current Liabilities was $3,526 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.
Cheniere Energy's current Net Income (TTM) was -2,531.
==> 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.
Cheniere Energy's current Cash Flow from Operations (TTM) was 6,268.
==> 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 (Jun21) |
= | -2531 | / | 36752 | |
= | -0.068867 |
ROA (Last Year) | = | Net Income | / | Total Assets (Jun20) |
= | -593 | / | 35846 | |
= | -0.01654299 |
Cheniere Energy's return on assets of this year was -0.068867. Cheniere Energy's return on assets of last year was -0.01654299.
==> 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.
Cheniere Energy's current Net Income (TTM) was -2,531. Cheniere Energy's current Cash Flow from Operations (TTM) was 6,268.
==> 6,268 > -2,531 ==> 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: Jun22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Jun21 to Jun22 |
= | 27734 | / | 39511.4 | |
= | 0.701924 |
Gearing (Last Year: Jun21) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Jun20 to Jun21 |
= | 30716 | / | 36124.2 | |
= | 0.85028873 |
Cheniere Energy's gearing of this year was 0.701924. Cheniere Energy's gearing of last year was 0.85028873.
==> 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: Jun22) | = | Total Current Assets | / | Total Current Liabilities |
= | 6186 | / | 7556 | |
= | 0.81868714 |
Current Ratio (Last Year: Jun21) | = | Total Current Assets | / | Total Current Liabilities |
= | 3665 | / | 3526 | |
= | 1.03942144 |
Cheniere Energy's current ratio of this year was 0.81868714. Cheniere Energy's current ratio of last year was 1.03942144.
==> 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.
Cheniere Energy's number of shares in issue this year was 255.9. Cheniere Energy's number of shares in issue last year was 253.5.
==> 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 |
= | 863 | / | 25248 | |
= | 0.03418093 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 3220 | / | 10354 | |
= | 0.31099092 |
Cheniere Energy's gross margin of this year was 0.03418093. Cheniere Energy's gross margin of last year was 0.31099092.
==> 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 (Jun21) |
= | 25248 | / | 36752 | |
= | 0.68698302 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Jun20) |
= | 10354 | / | 35846 | |
= | 0.28884673 |
Cheniere Energy's asset turnover of this year was 0.68698302. Cheniere Energy's asset turnover of last year was 0.28884673.
==> 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 | + | 1 | + | 0 | + | 0 | + | 0 | + | 1 | |
= | 4 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cheniere Energy has an F-score of 4 indicating the company's financial situation is typical for a stable company.
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.
Thank you for viewing the detailed overview of Cheniere Energy's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Peak Scott Bennett | director | 1200 SMITH STREET HOUSTON TX 77002 |
Slack David L | officer: VP & Chief Accounting Officer | 700 MILAM STREET SUITE 1900 HOUSTON TX 77002 |
Collawn Patricia K | director | 414 SILVER AVE SW MS 1275 ALBUQUERQUE NM 87102-3289 |
Mitchelmore Lorraine | director | 700 MILAM STREET SUITE 1900 HOUSTON TX 77002 |
Teno Andrew | director | C/O FIR TREE INC. 55 WEST 46TH STREET, 29TH FLOOR NEW YORK NY 10036 |
Klimczak Sean | director | C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154 |
Davis Zach | officer: SVP & CFO | 700 MILAM STREET SUITE 1900 HOUSTON TX 77008 |
Stephenson Aaron D. | officer: SVP, Operations | 700 MILAM STREET SUITE 1900 HOUSTON TX 77002 |
Evans Michele A | director | LOCKHEED MARTIN CORPORATION 6801 ROCKLEDGE DRIVE BETHESDA MD 20817 |
Mather Courtney | director | C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160 |
Lipinski John J | director | C/O CVR ENERGY, INC. 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479 |
Langham Andrew | director | C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160 |
Lehotsky Ed | officer: SVP, Engineer and Construction | 700 MILAM STREET SUITE 1900 HOUSTON TX 77002 |
Shanda Doug | officer: SVP, Operations | 700 MILAM STREET SUITE 1900 HOUSTON TX 77002 |
Markowitz Sean N | officer: Interim GC & Corp Sec | 700 MILAM STREET SUITE 1900 HOUSTON TX 77002 |
From GuruFocus
Other Sources
By Seekingalpha 2022-01-18
By Zacks 2022-02-16
By Fool 2022-01-15
By Zacks 2022-03-08
By Zacks 2022-04-05
By Zacks 2022-03-25
By Zacks 2022-02-17
By Zacks 2022-03-08
By Zacks 2022-02-10
By Zacks 2022-02-25
By Zacks 2022-03-14
By Zacks 2022-02-15
By Fool 2022-01-08