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Digi Communications NV (BSE:DIGI) Piotroski F-Score : 7 (As of Apr. 06, 2025)


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What is Digi Communications NV 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

Digi Communications NV 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 Digi Communications NV's Piotroski F-Score or its related term are showing as below:

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

During the past 9 years, the highest Piotroski F-Score of Digi Communications NV was 7. The lowest was 4. And the median was 5.


Digi Communications NV Piotroski F-Score Historical Data

The historical data trend for Digi Communications NV'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.

Digi Communications NV Piotroski F-Score Chart

Digi Communications NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 6.00 5.00 4.00 7.00

Digi Communications NV 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 4.00 7.00 6.00 8.00 7.00

Competitive Comparison of Digi Communications NV's Piotroski F-Score

For the Telecom Services subindustry, Digi Communications NV'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.


Digi Communications NV's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Digi Communications NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Digi Communications NV'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 107.162 + 120.85 + 1610.931 + 826.727 = lei2,666 Mil.
Cash Flow from Operations was 624.575 + 654.929 + 1135.026 + 0 = lei2,415 Mil.
Revenue was 2198.198 + 2311.848 + 2472.925 + 2453.637 = lei9,437 Mil.
Gross Profit was 1434.948 + 2311.848 + 1630.274 + 2453.637 = lei7,831 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(15496.934 + 16691.301 + 16787.333 + 17248.822 + 19078.707) / 5 = lei17060.6194 Mil.
Total Assets at the begining of this year (Dec23) was lei15,497 Mil.
Long-Term Debt & Capital Lease Obligation was lei6,213 Mil.
Total Current Assets was lei3,440 Mil.
Total Current Liabilities was lei6,074 Mil.
Net Income was 48.927 + 73.293 + 58.809 + 280.274 = lei461 Mil.

Revenue was 1920.509 + 2039.173 + 2081.892 + 2236.758 = lei8,278 Mil.
Gross Profit was 1236.426 + 1302.295 + 1342.291 + 1441.054 = lei5,322 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(12109.159 + 13706.615 + 14433.78 + 15113.408 + 15496.934) / 5 = lei14171.9792 Mil.
Total Assets at the begining of last year (Dec22) was lei12,109 Mil.
Long-Term Debt & Capital Lease Obligation was lei7,406 Mil.
Total Current Assets was lei2,171 Mil.
Total Current Liabilities was lei4,132 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.

Digi Communications NV's current Net Income (TTM) was 2,666. ==> 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.

Digi Communications NV's current Cash Flow from Operations (TTM) was 2,415. ==> 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)
=2665.67/15496.934
=0.17201273

ROA (Last Year)=Net Income/Total Assets (Dec22)
=461.303/12109.159
=0.03809538

Digi Communications NV's return on assets of this year was 0.17201273. Digi Communications NV's return on assets of last year was 0.03809538. ==> 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.

Digi Communications NV's current Net Income (TTM) was 2,666. Digi Communications NV's current Cash Flow from Operations (TTM) was 2,415. ==> 2,415 <= 2,666 ==> 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
=6212.782/17060.6194
=0.36415923

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=7406.14/14171.9792
=0.52259038

Digi Communications NV's gearing of this year was 0.36415923. Digi Communications NV's gearing of last year was 0.52259038. ==> 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
=3439.518/6074.399
=0.56623182

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=2170.643/4131.868
=0.52534181

Digi Communications NV's current ratio of this year was 0.56623182. Digi Communications NV's current ratio of last year was 0.52534181. ==> 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.

Digi Communications NV's number of shares in issue this year was 0. Digi Communications NV's number of shares in issue last year was 95.215. ==> 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
=7830.707/9436.608
=0.82982222

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5322.066/8278.332
=0.6428911

Digi Communications NV's gross margin of this year was 0.82982222. Digi Communications NV's gross margin of last year was 0.6428911. ==> 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)
=9436.608/15496.934
=0.60893387

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=8278.332/12109.159
=0.68364219

Digi Communications NV's asset turnover of this year was 0.60893387. Digi Communications NV's asset turnover of last year was 0.68364219. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+1+1+1+0
=7

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

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

Digi Communications NV  (BSE:DIGI) 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.


Digi Communications NV Piotroski F-Score Related Terms

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Digi Communications NV Business Description

Traded in Other Exchanges
N/A
Address
75 Dr. Staicovici Street, Forum 2000 Building, Phase I, Fourth Floor, 5th District, Bucharest, ROU
Digi Communications NV is a provider of telecommunication services. The company provides cable and DTH television services, fixed internet and data and fixed-line telephony. Its fixed telecommunication and entertainment services are offered through fiber optic network in Romania and Hungary. Its cable and satellite (DTH) television offers subscribers custom-made channels and pay TV services, which carry premium movies and sports content. Geographically, it derives a majority of its revenue from Romania.

Digi Communications NV Headlines

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