GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bridger Aerospace Group Holdings Inc (NAS:BAER) » Definitions » Piotroski F-Score

BAER (Bridger Aerospace Group Holdings) Piotroski F-Score : 8 (As of Mar. 20, 2025)


View and export this data going back to 2023. Start your Free Trial

What is Bridger Aerospace Group Holdings Piotroski F-Score?

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

Bridger Aerospace Group Holdings 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 Bridger Aerospace Group Holdings's Piotroski F-Score or its related term are showing as below:

BAER' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 5 years, the highest Piotroski F-Score of Bridger Aerospace Group Holdings was 8. The lowest was 2. And the median was 5.


Bridger Aerospace Group Holdings Piotroski F-Score Historical Data

The historical data trend for Bridger Aerospace Group Holdings'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.

Bridger Aerospace Group Holdings Piotroski F-Score Chart

Bridger Aerospace Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A N/A 2.00 8.00

Bridger Aerospace Group Holdings Quarterly Data
Dec20 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 2.00 N/A N/A 4.00 8.00

Competitive Comparison of Bridger Aerospace Group Holdings's Piotroski F-Score

For the Security & Protection Services subindustry, Bridger Aerospace Group Holdings'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.


Bridger Aerospace Group Holdings's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bridger Aerospace Group Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bridger Aerospace Group Holdings'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 -20.087 + -9.981 + 27.346 + -12.845 = $-15.57 Mil.
Cash Flow from Operations was -19.762 + -2.796 + 22.724 + 9.189 = $9.36 Mil.
Revenue was 5.507 + 13.014 + 64.507 + 15.585 = $98.61 Mil.
Gross Profit was -3.699 + 3.147 + 41.506 + 0.184 = $41.14 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(273.47 + 252.431 + 281.705 + 307.312 + 290.809) / 5 = $281.1454 Mil.
Total Assets at the begining of this year (Dec23) was $273.47 Mil.
Long-Term Debt & Capital Lease Obligation was $208.55 Mil.
Total Current Assets was $63.81 Mil.
Total Current Liabilities was $23.39 Mil.
Net Income was -44.685 + -19.022 + 17.488 + -31.139 = $-77.36 Mil.

Revenue was 0.365 + 11.616 + 53.619 + 1.108 = $66.71 Mil.
Gross Profit was -6.883 + 1.105 + 37.648 + -6.502 = $25.37 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(305.979 + 261.693 + 253.436 + 290.711 + 273.47) / 5 = $277.0578 Mil.
Total Assets at the begining of last year (Dec22) was $305.98 Mil.
Long-Term Debt & Capital Lease Obligation was $210.36 Mil.
Total Current Assets was $45.20 Mil.
Total Current Liabilities was $25.40 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.

Bridger Aerospace Group Holdings's current Net Income (TTM) was -15.57. ==> 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.

Bridger Aerospace Group Holdings's current Cash Flow from Operations (TTM) was 9.36. ==> 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)
=-15.567/273.47
=-0.05692398

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-77.358/305.979
=-0.25282127

Bridger Aerospace Group Holdings's return on assets of this year was -0.05692398. Bridger Aerospace Group Holdings's return on assets of last year was -0.25282127. ==> 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.

Bridger Aerospace Group Holdings's current Net Income (TTM) was -15.57. Bridger Aerospace Group Holdings's current Cash Flow from Operations (TTM) was 9.36. ==> 9.36 > -15.57 ==> 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
=208.552/281.1454
=0.7417941

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=210.364/277.0578
=0.75927839

Bridger Aerospace Group Holdings's gearing of this year was 0.7417941. Bridger Aerospace Group Holdings's gearing of last year was 0.75927839. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=63.809/23.392
=2.72781293

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=45.195/25.398
=1.77947082

Bridger Aerospace Group Holdings's current ratio of this year was 2.72781293. Bridger Aerospace Group Holdings's current ratio of last year was 1.77947082. ==> 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.

Bridger Aerospace Group Holdings's number of shares in issue this year was 53.2. Bridger Aerospace Group Holdings's number of shares in issue last year was 80.176. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=41.138/98.613
=0.41716609

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=25.368/66.708
=0.38028422

Bridger Aerospace Group Holdings's gross margin of this year was 0.41716609. Bridger Aerospace Group Holdings's gross margin of last year was 0.38028422. ==> 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)
=98.613/273.47
=0.36059897

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=66.708/305.979
=0.21801496

Bridger Aerospace Group Holdings's asset turnover of this year was 0.36059897. Bridger Aerospace Group Holdings's asset turnover of last year was 0.21801496. ==> 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+1+1+1+1+1+1+1
=8

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

Bridger Aerospace Group Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Bridger Aerospace Group Holdings  (NAS:BAER) 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.


Bridger Aerospace Group Holdings Piotroski F-Score Related Terms

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


Bridger Aerospace Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
90 Aviation Lane, Belgrade, MT, USA, 59714
Bridger Aerospace Group Holdings Inc operates as an aerial firefighting company. It provides aerial wildfire surveillance, relief and suppression, and aerial firefighting services using next-generation technology and environmentally friendly and sustainable firefighting methods. Bridger Aerospace provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation. The company's portfolio is organized across two offerings: Fire Suppression, which Consists of deploying specialized Viking CL-415EAF ("Super Scooper") aircraft to drop large amounts of water quickly and directly on wildfires, and Aerial Surveillance, providing aerial surveillance via manned aircraft for fire suppression aircraft.
Executives
James J Muchmore officer: Chief Legal Officer & EVP 90 AVIATION LANE, BELGRADE MT 59714
Eric L Gerratt officer: Chief Financial Officer 300 E. MALLARD DR., SUITE 300, BOISE ID 83706
Anne Hayes director 6436 31ST STREET NW, WASHINGTON DC 20015
Thomas Jermoluk 10 percent owner 386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Ksh Capital Lp 10 percent owner 386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Jcic Sponsor Llc 10 percent owner 386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Bto - Nq Side-by-side Gp L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Jpmorgan Chase Funding Inc. 10 percent owner 383 MADISON AVENUE, NEW YORK NY 10179
Grannus Holdings Manager - Nq Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Family Tactical Opportunities Investment Partnership Iii - Nq - Esc L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bto Grannus Holdings Iv - Nq Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Howard Hugh Wyman Iii director 1209 ORANGE STREET, C/O ZERO ONE GROUP, WILMINGTON DE 19801
Dean Heller director 195 HUDSON AURORA ROAD, SMITH NV 89430
Todd J Hirsch director 345 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10154

Bridger Aerospace Group Holdings Headlines