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Cheniere Energy Piotroski F-Score

: 4 (As of Today)
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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:

LNG' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of Cheniere Energy was 9. The lowest was 1. And the median was 4.


Cheniere Energy Piotroski F-Score Historical Data

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.

* Premium members only.

Cheniere Energy Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 7.00 5.00 4.00

Cheniere Energy Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 3.00 4.00 4.00 6.00 4.00

Competitive Comparison

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.

   

Cheniere Energy Piotroski F-Score Distribution

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.

Cheniere Energy  (AMEX:LNG) 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.


Cheniere Energy Piotroski F-Score Related Terms

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.


Cheniere Energy Business Description

Cheniere Energy logo
Traded in Other Exchanges
Address
700 Milam Street, Suite 1900, Houston, TX, USA, 77002
Cheniere Energy owns and operates the Sabine Pass liquefied natural gas terminal via its stake in Cheniere Partners. It also owns the under-development Corpus Christi LNG terminals as well as Cheniere Marketing, which markets LNG using Cheniere's gas volumes.
Executives
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

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