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.
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.
Sentinel Metals Piotroski F-Score Related Terms
Sentinel Metals Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Sentinel Metals'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.
Sentinel Metals Piotroski F-Score Chart
Sentinel Metals Annual Data
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Dec25
Piotroski F-Score
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Sentinel Metals Semi-Annual Data
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Jun25
Dec25
Piotroski F-Score
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0.00
N/A
ASX:SNM vs NEM, AU: Piotroski F-Score Comparison
For the Gold subindustry, Sentinel Metals'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.
Sentinel Metals Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sentinel Metals's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sentinel Metals's Piotroski F-Score falls into.
* 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.
*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.
Sentinel Metals's current Net Income (TTM) was -1.75.
==> 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.
Sentinel Metals's current ratio of this year was 12.9602649. Sentinel Metals's current ratio of last year was .
==> 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.
Sentinel Metals's number of shares in issue this year was 42.674. Sentinel Metals's number of shares in issue last year was 104.145.
==> 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.
Sentinel Metals's gross margin of this year was . Sentinel Metals's gross margin of last year was .
==> 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
Sentinel Metals's asset turnover of this year was . Sentinel Metals's asset turnover of last year was .
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
+
Que. 2
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+
Que. 4
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Que. 5
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Que. 9
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0
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1
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1
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1
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sentinel Metals has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Sentinel Metals Ltd is a mineral exploration and mining company. The company is engaged in developing the Columbia Project, a gold project in Montana, USA. The Columbia Gold-Silver Project is an advanced-stage gold asset located in central-west Montana. The project comprises 24 patented lode claims covering approximately 1,260 hectares on private land.
17GF Score
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