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Societatea Nationala Nuclearelectrica (BSE:SNN) Piotroski F-Score : 5 (As of Apr. 05, 2025)


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What is Societatea Nationala Nuclearelectrica 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

Societatea Nationala Nuclearelectrica 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 Societatea Nationala Nuclearelectrica's Piotroski F-Score or its related term are showing as below:

BSE:SNN' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Societatea Nationala Nuclearelectrica was 9. The lowest was 2. And the median was 7.


Societatea Nationala Nuclearelectrica Piotroski F-Score Historical Data

The historical data trend for Societatea Nationala Nuclearelectrica'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.

Societatea Nationala Nuclearelectrica Piotroski F-Score Chart

Societatea Nationala Nuclearelectrica 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 9.00 8.00 7.00 9.00 5.00

Societatea Nationala Nuclearelectrica Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 6.00 9.00 7.00 5.00 5.00

Competitive Comparison of Societatea Nationala Nuclearelectrica's Piotroski F-Score

For the Utilities - Regulated Electric subindustry, Societatea Nationala Nuclearelectrica'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.


Societatea Nationala Nuclearelectrica's Piotroski F-Score Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Societatea Nationala Nuclearelectrica's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Societatea Nationala Nuclearelectrica'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was lei2,486 Mil.
Cash Flow from Operations was lei2,468 Mil.
Revenue was lei7,461 Mil.
Gross Profit was lei6,847 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (11792.682 + 13149.486) / 2 = lei12471.084 Mil.
Total Assets at the begining of this year (Dec22) was lei11,793 Mil.
Long-Term Debt & Capital Lease Obligation was lei16 Mil.
Total Current Assets was lei5,680 Mil.
Total Current Liabilities was lei1,036 Mil.
Net Income was lei2,762 Mil.

Revenue was lei6,367 Mil.
Gross Profit was lei5,413 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (9625.093 + 11792.682) / 2 = lei10708.8875 Mil.
Total Assets at the begining of last year (Dec21) was lei9,625 Mil.
Long-Term Debt & Capital Lease Obligation was lei78 Mil.
Total Current Assets was lei5,771 Mil.
Total Current Liabilities was lei803 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.

Societatea Nationala Nuclearelectrica's current Net Income (TTM) was 2,486. ==> 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.

Societatea Nationala Nuclearelectrica's current Cash Flow from Operations (TTM) was 2,468. ==> 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 (Dec22)
=2486.483/11792.682
=0.21084966

ROA (Last Year)=Net Income/Total Assets (Dec21)
=2762.04/9625.093
=0.28696242

Societatea Nationala Nuclearelectrica's return on assets of this year was 0.21084966. Societatea Nationala Nuclearelectrica's return on assets of last year was 0.28696242. ==> 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.

Societatea Nationala Nuclearelectrica's current Net Income (TTM) was 2,486. Societatea Nationala Nuclearelectrica's current Cash Flow from Operations (TTM) was 2,468. ==> 2,468 <= 2,486 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=15.736/12471.084
=0.0012618

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=77.642/10708.8875
=0.00725024

Societatea Nationala Nuclearelectrica's gearing of this year was 0.0012618. Societatea Nationala Nuclearelectrica's gearing of last year was 0.00725024. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=5680.19/1035.587
=5.48499547

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=5771.493/803.377
=7.18404062

Societatea Nationala Nuclearelectrica's current ratio of this year was 5.48499547. Societatea Nationala Nuclearelectrica's current ratio of last year was 7.18404062. ==> 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.

Societatea Nationala Nuclearelectrica's number of shares in issue this year was 301.644. Societatea Nationala Nuclearelectrica's number of shares in issue last year was 301.644. ==> 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
=6846.713/7461.429
=0.91761417

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5412.519/6366.529
=0.85015226

Societatea Nationala Nuclearelectrica's gross margin of this year was 0.91761417. Societatea Nationala Nuclearelectrica's gross margin of last year was 0.85015226. ==> 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 (Dec22)
=7461.429/11792.682
=0.63271688

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=6366.529/9625.093
=0.66145117

Societatea Nationala Nuclearelectrica's asset turnover of this year was 0.63271688. Societatea Nationala Nuclearelectrica's asset turnover of last year was 0.66145117. ==> 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+0+0+1+0+1+1+0
=5

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

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

Societatea Nationala Nuclearelectrica  (BSE:SNN) 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.


Societatea Nationala Nuclearelectrica Piotroski F-Score Related Terms

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Societatea Nationala Nuclearelectrica Business Description

Traded in Other Exchanges
Address
Bulevardul Iancu de Hunedoara, Nr. 48, Sector 1, Bucharest, ROU, 010494
Societatea Nationala Nuclearelectrica SA is a Romania-based company. Its core business is the production and delivery of electricity and heat. The company acts as an electric and thermal power energy producer, the main activity being that of an electricity producer. It also produces nuclear fuel in the shape of CANDU (Canada Deuterium Uranium) type nuclear fuel bundles which are used in its nuclear reactors.