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Sahathai Terminal PCL (BKK:PORT) Piotroski F-Score : 8 (As of Mar. 15, 2025)


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What is Sahathai Terminal PCL 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

Sahathai Terminal PCL 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 Sahathai Terminal PCL's Piotroski F-Score or its related term are showing as below:

BKK:PORT' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 11 years, the highest Piotroski F-Score of Sahathai Terminal PCL was 8. The lowest was 4. And the median was 6.


Sahathai Terminal PCL Piotroski F-Score Historical Data

The historical data trend for Sahathai Terminal 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.

Sahathai Terminal PCL Piotroski F-Score Chart

Sahathai Terminal PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 4.00 5.00 8.00

Sahathai Terminal PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 6.00 6.00 8.00

Competitive Comparison of Sahathai Terminal PCL's Piotroski F-Score

For the Marine Shipping subindustry, Sahathai Terminal 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.


Sahathai Terminal PCL's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sahathai Terminal PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sahathai Terminal 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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 10.389 + 7.757 + -2.233 + -2.25 = ฿14 Mil.
Cash Flow from Operations was 71.206 + 40.409 + 100.57 + 61.883 = ฿274 Mil.
Revenue was 381.783 + 377.824 + 374.108 + 341.734 = ฿1,475 Mil.
Gross Profit was 78.974 + 83.697 + 65.361 + 57.621 = ฿286 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(3358.544 + 3278.028 + 3174.546 + 3103.492 + 3042.045) / 5 = ฿3191.331 Mil.
Total Assets at the begining of this year (Dec23) was ฿3,359 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1,156 Mil.
Total Current Assets was ฿184 Mil.
Total Current Liabilities was ฿496 Mil.
Net Income was -10.052 + -12.488 + 6.145 + 4.857 = ฿-12 Mil.

Revenue was 405.158 + 362.613 + 384.458 + 380.927 = ฿1,533 Mil.
Gross Profit was 56.048 + 54.865 + 77.753 + 76.26 = ฿265 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(3562.536 + 3501.863 + 3420.584 + 3369.241 + 3358.544) / 5 = ฿3442.5536 Mil.
Total Assets at the begining of last year (Dec22) was ฿3,563 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1,317 Mil.
Total Current Assets was ฿299 Mil.
Total Current Liabilities was ฿635 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.

Sahathai Terminal PCL's current Net Income (TTM) was 14. ==> Positive ==> Score 1.

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.

Sahathai Terminal PCL's current Cash Flow from Operations (TTM) was 274. ==> 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)
=13.663/3358.544
=0.00406813

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-11.538/3562.536
=-0.0032387

Sahathai Terminal PCL's return on assets of this year was 0.00406813. Sahathai Terminal PCL's return on assets of last year was -0.0032387. ==> 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.

Sahathai Terminal PCL's current Net Income (TTM) was 14. Sahathai Terminal PCL's current Cash Flow from Operations (TTM) was 274. ==> 274 > 14 ==> 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
=1155.579/3191.331
=0.36209939

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1317.492/3442.5536
=0.38270777

Sahathai Terminal PCL's gearing of this year was 0.36209939. Sahathai Terminal PCL's gearing of last year was 0.38270777. ==> 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
=184.297/495.861
=0.37167069

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=298.644/635.121
=0.47021591

Sahathai Terminal PCL's current ratio of this year was 0.37167069. Sahathai Terminal PCL's current ratio of last year was 0.47021591. ==> 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.

Sahathai Terminal PCL's number of shares in issue this year was 607.203. Sahathai Terminal PCL's number of shares in issue last year was 607.203. ==> 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
=285.653/1475.449
=0.19360412

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=264.926/1533.156
=0.17279781

Sahathai Terminal PCL's gross margin of this year was 0.19360412. Sahathai Terminal PCL's gross margin of last year was 0.17279781. ==> 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)
=1475.449/3358.544
=0.43931209

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1533.156/3562.536
=0.43035523

Sahathai Terminal PCL's asset turnover of this year was 0.43931209. Sahathai Terminal PCL's asset turnover of last year was 0.43035523. ==> 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
=1+1+1+1+1+0+1+1+1
=8

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

Sahathai Terminal PCL has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Sahathai Terminal PCL  (BKK:PORT) 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.


Sahathai Terminal PCL Piotroski F-Score Related Terms

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Sahathai Terminal PCL Business Description

Traded in Other Exchanges
Address
51/1 Moo 3, Poo Chao Samingprai Road, Bangyapraek, Phrapradaeng, Samuthprakarn, THA, 10130
Sahathai Terminal PCL is a Thailand-based company engaged in the business of shipping and logistics services. Principally, it is involved in coastal port services, coastal port management consultancy, tugboat services, inland transportation, and related merchant marine business. The company provides terminal port service to its customers including terminal business, in-land transportation, container yard and warehouse, and other related services. The Group also provides import services for consignees.