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Construcciones El Condor (BOG:ELCONDOR) Piotroski F-Score : 5 (As of Dec. 12, 2024)


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What is Construcciones El Condor Piotroski F-Score?

The zones of discrimination were as such:

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

Construcciones El Condor has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

BOG:ELCONDOR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Construcciones El Condor was 7. The lowest was 2. And the median was 4.


Construcciones El Condor Piotroski F-Score Historical Data

The historical data trend for Construcciones El Condor'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.

Construcciones El Condor Piotroski F-Score Chart

Construcciones El Condor 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 3.00 7.00 3.00 6.00 2.00

Construcciones El Condor 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 3.00 2.00 2.00 4.00 5.00

Competitive Comparison of Construcciones El Condor's Piotroski F-Score

For the Engineering & Construction subindustry, Construcciones El Condor'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.


Construcciones El Condor's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Construcciones El Condor's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Construcciones El Condor'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 -123093.201 + -12531.376 + -52278.552 + -49427.931 = COP-237,331 Mil.
Cash Flow from Operations was -19687.171 + -81589.335 + 67635.233 + -48503.444 = COP-82,145 Mil.
Revenue was 259426.961 + 310713.023 + 285329.691 + 332592.101 = COP1,188,062 Mil.
Gross Profit was -19766.6 + 59484.668 + 2480.675 + -12651.615 = COP29,547 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(2395608.575 + 2394269.902 + 2460930.713 + 2309758.161 + 2315823.337) / 5 = COP2375278.1376 Mil.
Total Assets at the begining of this year (Sep23) was COP2,395,609 Mil.
Long-Term Debt & Capital Lease Obligation was COP857,563 Mil.
Total Current Assets was COP1,364,355 Mil.
Total Current Liabilities was COP720,070 Mil.
Net Income was -12625.686 + -31615.19 + -48021.398 + -56984.87 = COP-149,247 Mil.

Revenue was 249634.947 + 230045.54 + 219966.215 + 196021.87 = COP895,669 Mil.
Gross Profit was 14753.442 + -1582.973 + -7853.689 + -30966.093 = COP-25,649 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(2416250.409 + 2458414.483 + 2429529.346 + 2458897.441 + 2395608.575) / 5 = COP2431740.0508 Mil.
Total Assets at the begining of last year (Sep22) was COP2,416,250 Mil.
Long-Term Debt & Capital Lease Obligation was COP172,777 Mil.
Total Current Assets was COP1,425,088 Mil.
Total Current Liabilities was COP1,283,727 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.

Construcciones El Condor's current Net Income (TTM) was -237,331. ==> 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.

Construcciones El Condor's current Cash Flow from Operations (TTM) was -82,145. ==> Negative ==> Score 0.

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)
=-237331.06/2395608.575
=-0.09906921

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-149247.144/2416250.409
=-0.06176808

Construcciones El Condor's return on assets of this year was -0.09906921. Construcciones El Condor's return on assets of last year was -0.06176808. ==> Last year is higher ==> Score 0.

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.

Construcciones El Condor's current Net Income (TTM) was -237,331. Construcciones El Condor's current Cash Flow from Operations (TTM) was -82,145. ==> -82,145 > -237,331 ==> 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
=857563.374/2375278.1376
=0.36103703

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=172777.32/2431740.0508
=0.0710509

Construcciones El Condor's gearing of this year was 0.36103703. Construcciones El Condor's gearing of last year was 0.0710509. ==> Last year is lower than this year ==> Score 0.

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
=1364354.827/720070.301
=1.89475226

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1425087.604/1283727.024
=1.11011732

Construcciones El Condor's current ratio of this year was 1.89475226. Construcciones El Condor's current ratio of last year was 1.11011732. ==> 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.

Construcciones El Condor's number of shares in issue this year was 574.366. Construcciones El Condor's number of shares in issue last year was 574.366. ==> 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
=29547.128/1188061.776
=0.02487003

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-25649.313/895668.572
=-0.02863706

Construcciones El Condor's gross margin of this year was 0.02487003. Construcciones El Condor's gross margin of last year was -0.02863706. ==> 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)
=1188061.776/2395608.575
=0.49593318

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=895668.572/2416250.409
=0.37068533

Construcciones El Condor's asset turnover of this year was 0.49593318. Construcciones El Condor's asset turnover of last year was 0.37068533. ==> 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+0+0+1+0+1+1+1+1
=5

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

Construcciones El Condor has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Construcciones El Condor  (BOG:ELCONDOR) 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.


Construcciones El Condor Piotroski F-Score Related Terms

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Construcciones El Condor Business Description

Traded in Other Exchanges
N/A
Address
Carrera 25, Number3-45, Floor 3, Medellin, COL
Construcciones El Condor SA operates as a civil engineering company. Its projects include road infrastructure, rail, mining, hydroelectric, highway concessions, as well as the thermal power plant, bridge, and airport projects. The Corporation has two operating segments: Construction and Investments.

Construcciones El Condor Headlines

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