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Samart PCL (BKK:SAMART) Piotroski F-Score : 9 (As of Apr. 09, 2025)


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What is Samart PCL Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Samart PCL has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

BKK:SAMART' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Samart PCL was 9. The lowest was 4. And the median was 5.


Samart PCL Piotroski F-Score Historical Data

The historical data trend for Samart 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.

Samart PCL Piotroski F-Score Chart

Samart 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 4.00 4.00 5.00 8.00 9.00

Samart 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 8.00 8.00 8.00 6.00 9.00

Competitive Comparison of Samart PCL's Piotroski F-Score

For the Information Technology Services subindustry, Samart 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.


Samart PCL's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Samart PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Samart PCL's Piotroski F-Score falls into.


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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 54.773 + -183.395 + 90.826 + 170.72 = ฿133 Mil.
Cash Flow from Operations was 1591.622 + -213.992 + 643.943 + 1078.138 = ฿3,100 Mil.
Revenue was 2081.224 + 2083.422 + 2306.618 + 3571.248 = ฿10,043 Mil.
Gross Profit was 461.869 + 522.993 + 503.105 + 650.251 = ฿2,138 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(19108.858 + 17662.577 + 16704.816 + 16543.452 + 18098.761) / 5 = ฿17623.6928 Mil.
Total Assets at the begining of this year (Dec23) was ฿19,109 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1,525 Mil.
Total Current Assets was ฿10,210 Mil.
Total Current Liabilities was ฿8,395 Mil.
Net Income was -26.239 + 25.522 + -205.965 + -183.235 = ฿-390 Mil.

Revenue was 2456.259 + 2043.275 + 2812.013 + 2827.825 = ฿10,139 Mil.
Gross Profit was 424.062 + 427.581 + 445.065 + 483.314 = ฿1,780 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(19335.851 + 19285.356 + 19480.095 + 20680.051 + 19108.858) / 5 = ฿19578.0422 Mil.
Total Assets at the begining of last year (Dec22) was ฿19,336 Mil.
Long-Term Debt & Capital Lease Obligation was ฿2,507 Mil.
Total Current Assets was ฿10,686 Mil.
Total Current Liabilities was ฿9,062 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.

Samart PCL's current Net Income (TTM) was 133. ==> 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.

Samart PCL's current Cash Flow from Operations (TTM) was 3,100. ==> 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)
=132.924/19108.858
=0.00695615

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-389.917/19335.851
=-0.02016549

Samart PCL's return on assets of this year was 0.00695615. Samart PCL's return on assets of last year was -0.02016549. ==> 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.

Samart PCL's current Net Income (TTM) was 133. Samart PCL's current Cash Flow from Operations (TTM) was 3,100. ==> 3,100 > 133 ==> 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
=1525.063/17623.6928
=0.08653482

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=2506.596/19578.0422
=0.12803098

Samart PCL's gearing of this year was 0.08653482. Samart PCL's gearing of last year was 0.12803098. ==> 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
=10209.597/8394.94
=1.21616081

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=10685.651/9062.247
=1.17913924

Samart PCL's current ratio of this year was 1.21616081. Samart PCL's current ratio of last year was 1.17913924. ==> 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.

Samart PCL's number of shares in issue this year was 1006.505. Samart PCL's number of shares in issue last year was 1006.505. ==> 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
=2138.218/10042.512
=0.21291665

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1780.022/10139.372
=0.17555545

Samart PCL's gross margin of this year was 0.21291665. Samart PCL's gross margin of last year was 0.17555545. ==> 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)
=10042.512/19108.858
=0.52554224

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=10139.372/19335.851
=0.52438199

Samart PCL's asset turnover of this year was 0.52554224. Samart PCL's asset turnover of last year was 0.52438199. ==> 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+1+1+1+1
=9

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

Samart PCL has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Samart PCL  (BKK:SAMART) 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.


Samart PCL Piotroski F-Score Related Terms

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Samart PCL Business Description

Traded in Other Exchanges
N/A
Address
Chaengwattana Road, 99/1 Moo 4, Software Park Building, 35th Floor, Klong Gluar, Pak-Kred, Nonthaburi, THA, 11120
Samart Corp PCL is engaged in designing and installation of the telecommunications system and the sales of telecommunications equipment. Its reportable segments are; Information and Communications Technology (ICT) Solutions and Services; Digital; and Utilities & Transportations. It generates maximum revenue from the Utilities and Transportations segment which provides air traffic control services and electricity supply in Cambodia, and also provide construction design and installation services of electrical power transmission systems. Majority of the revenue for the company is generated from Thailand and rest from Cambodia and other regions.

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