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CMO PCL (BKK:CMO) Piotroski F-Score : 7 (As of Dec. 13, 2024)


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What is CMO PCL Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

CMO PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

BKK:CMO' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of CMO PCL was 9. The lowest was 2. And the median was 5.


CMO PCL Piotroski F-Score Historical Data

The historical data trend for CMO PCL'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.

CMO PCL Piotroski F-Score Chart

CMO PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 2.00 5.00 5.00 2.00

CMO PCL Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 2.00 4.00 6.00 7.00

Competitive Comparison of CMO PCL's Piotroski F-Score

For the Advertising Agencies subindustry, CMO PCL'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.


CMO PCL's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CMO PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CMO PCL'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 31.277 + -48.008 + -16.949 + 3.164 = ฿-31 Mil.
Cash Flow from Operations was -35.034 + 38.354 + 87.076 + -17.175 = ฿73 Mil.
Revenue was 473.878 + 263.002 + 349.546 + 310.041 = ฿1,396 Mil.
Gross Profit was 127.542 + 44.257 + 62.061 + 68.474 = ฿302 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(995.543 + 1122.263 + 1018.324 + 1035.472 + 1056.251) / 5 = ฿1045.5706 Mil.
Total Assets at the begining of this year (Sep23) was ฿996 Mil.
Long-Term Debt & Capital Lease Obligation was ฿77 Mil.
Total Current Assets was ฿294 Mil.
Total Current Liabilities was ฿502 Mil.
Net Income was 9.708 + -83.958 + -65.004 + -51.531 = ฿-191 Mil.

Revenue was 493.74 + 314.368 + 242.962 + 245.767 = ฿1,297 Mil.
Gross Profit was 91.824 + -1.782 + 31.907 + 47.153 = ฿169 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(1097.35 + 1216.792 + 1140.016 + 1035.713 + 995.543) / 5 = ฿1097.0828 Mil.
Total Assets at the begining of last year (Sep22) was ฿1,097 Mil.
Long-Term Debt & Capital Lease Obligation was ฿91 Mil.
Total Current Assets was ฿240 Mil.
Total Current Liabilities was ฿515 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.

CMO PCL's current Net Income (TTM) was -31. ==> 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.

CMO PCL's current Cash Flow from Operations (TTM) was 73. ==> 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 (Sep23)
=-30.516/995.543
=-0.03065262

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-190.785/1097.35
=-0.17385975

CMO PCL's return on assets of this year was -0.03065262. CMO PCL's return on assets of last year was -0.17385975. ==> 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.

CMO PCL's current Net Income (TTM) was -31. CMO PCL's current Cash Flow from Operations (TTM) was 73. ==> 73 > -31 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=77.201/1045.5706
=0.07383624

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=90.573/1097.0828
=0.08255803

CMO PCL's gearing of this year was 0.07383624. CMO PCL's gearing of last year was 0.08255803. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=294.078/502.319
=0.58544073

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=240.212/514.522
=0.46686439

CMO PCL's current ratio of this year was 0.58544073. CMO PCL's current ratio of last year was 0.46686439. ==> 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.

CMO PCL's number of shares in issue this year was 426.175. CMO PCL's number of shares in issue last year was 364.263. ==> 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
=302.334/1396.467
=0.21649921

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=169.102/1296.837
=0.13039572

CMO PCL's gross margin of this year was 0.21649921. CMO PCL's gross margin of last year was 0.13039572. ==> 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 (Sep23)
=1396.467/995.543
=1.40271892

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1296.837/1097.35
=1.18178977

CMO PCL's asset turnover of this year was 1.40271892. CMO PCL's asset turnover of last year was 1.18178977. ==> 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+0+1+1
=7

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

CMO PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

CMO PCL  (BKK:CMO) 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.


CMO PCL Piotroski F-Score Related Terms

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CMO PCL Business Description

Traded in Other Exchanges
Address
4/18-19 Soi Nuanchan 56, Nuanchan, Buengkum, Bangkok, THA, 10230
CMO PCL is a Thailand-based company that operates in the event management business for public events, exhibitions and entertainment activities. The company provides turnkey integrated marketing communication solutions including project development, strategic planning, creative, production, promotion, and online marketing and invests in the full range of event hardware equipment, software equipment and utility service in the venue. Its segments consist of Organizer, Rental Equipment, Production of Media, Installation supplies and Electrical and Concert promoter of which a majority of revenue is derived from the Organizer segment.

CMO PCL Headlines

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