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SAMHI Hotels (BOM:543984) Piotroski F-Score : 5 (As of Apr. 16, 2025)


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What is SAMHI Hotels 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

SAMHI Hotels 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 SAMHI Hotels's Piotroski F-Score or its related term are showing as below:

BOM:543984' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 5

During the past 8 years, the highest Piotroski F-Score of SAMHI Hotels was 6. The lowest was 4. And the median was 5.


SAMHI Hotels Piotroski F-Score Historical Data

The historical data trend for SAMHI Hotels'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.

SAMHI Hotels Piotroski F-Score Chart

SAMHI Hotels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A N/A 5.00

SAMHI Hotels Quarterly Data
Mar17 Mar18 Jun18 Mar19 Jun19 Mar20 Mar21 Mar22 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 4.00 5.00 6.00 5.00 5.00

Competitive Comparison of SAMHI Hotels's Piotroski F-Score

For the Lodging subindustry, SAMHI Hotels'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.


SAMHI Hotels's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, SAMHI Hotels's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SAMHI Hotels'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 112.93 + 42.34 + 126.15 + 227.85 = ₹509 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 2791.63 + 2498.93 + 2655.39 + 2957.66 = ₹10,904 Mil.
Gross Profit was 2253.04 + 1923.27 + 1999.77 + 2257.87 = ₹8,434 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(40514.04 + 0 + 34451.17 + 0 + 35186.24) / 5 = ₹36717.15 Mil.
Total Assets at the begining of this year (Dec23) was ₹40,514 Mil.
Long-Term Debt & Capital Lease Obligation was ₹16,929 Mil.
Total Current Assets was ₹3,478 Mil.
Total Current Liabilities was ₹6,883 Mil.
Net Income was -736.79 + -834.9 + -880 + -744.21 = ₹-3,196 Mil.

Revenue was 2047.75 + 1904.4 + 2199.56 + 2678.34 = ₹8,830 Mil.
Gross Profit was 1342.86 + 1367.56 + 1473.59 + 1908.62 = ₹6,093 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(36087.19 + 0 + 22630.03 + 0 + 40514.04) / 5 = ₹33077.08666667 Mil.
Total Assets at the begining of last year (Dec22) was ₹36,087 Mil.
Long-Term Debt & Capital Lease Obligation was ₹20,433 Mil.
Total Current Assets was ₹8,062 Mil.
Total Current Liabilities was ₹8,401 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.

SAMHI Hotels's current Net Income (TTM) was 509. ==> 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.

SAMHI Hotels's current Cash Flow from Operations (TTM) was 0. ==> 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 (Dec23)
=509.27/40514.04
=0.01257021

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-3195.9/36087.19
=-0.08856051

SAMHI Hotels's return on assets of this year was 0.01257021. SAMHI Hotels's return on assets of last year was -0.08856051. ==> 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.

SAMHI Hotels's current Net Income (TTM) was 509. SAMHI Hotels's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 509 ==> CFROA <= ROA ==> Score 0.

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
=16929.46/36717.15
=0.46107773

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=20433.21/33077.08666667
=0.61774515

SAMHI Hotels's gearing of this year was 0.46107773. SAMHI Hotels's gearing of last year was 0.61774515. ==> 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
=3477.76/6882.9
=0.50527539

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=8061.88/8401.36
=0.95959226

SAMHI Hotels's current ratio of this year was 0.50527539. SAMHI Hotels's current ratio of last year was 0.95959226. ==> 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.

SAMHI Hotels's number of shares in issue this year was 223.382. SAMHI Hotels's number of shares in issue last year was 218.243. ==> 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
=8433.95/10903.61
=0.7735007

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6092.63/8830.05
=0.68998817

SAMHI Hotels's gross margin of this year was 0.7735007. SAMHI Hotels's gross margin of last year was 0.68998817. ==> 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)
=10903.61/40514.04
=0.26913164

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=8830.05/36087.19
=0.24468655

SAMHI Hotels's asset turnover of this year was 0.26913164. SAMHI Hotels's asset turnover of last year was 0.24468655. ==> 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+0+1+0+1+0+0+1+1
=5

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

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

SAMHI Hotels  (BOM:543984) 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.


SAMHI Hotels Piotroski F-Score Related Terms

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SAMHI Hotels Business Description

Traded in Other Exchanges
Address
14th floor, Building 10C, Cyber City, Phase II, Gurugram, HR, IND, 122 002
SAMHI Hotels Ltd is a company which is prominent branded hotel ownership and asset management platform in India. Their hotels typically operate under long-term management contracts with established and global hotel operators such as Marriott, Hyatt and IHG.

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