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SS&C Technologies Holdings (BSP:S1SN34) Piotroski F-Score : 8 (As of Dec. 12, 2024)


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What is SS&C Technologies Holdings Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

SS&C Technologies Holdings 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 SS&C Technologies Holdings's Piotroski F-Score or its related term are showing as below:

BSP:S1SN34' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of SS&C Technologies Holdings was 9. The lowest was 4. And the median was 6.


SS&C Technologies Holdings Piotroski F-Score Historical Data

The historical data trend for SS&C Technologies Holdings'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.

SS&C Technologies Holdings Piotroski F-Score Chart

SS&C Technologies Holdings 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 6.00 7.00 9.00 5.00 7.00

SS&C Technologies Holdings 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 6.00 7.00 9.00 8.00 8.00

Competitive Comparison of SS&C Technologies Holdings's Piotroski F-Score

For the Software - Application subindustry, SS&C Technologies Holdings'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.


SS&C Technologies Holdings's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, SS&C Technologies Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SS&C Technologies Holdings'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 952.521 + 784.816 + 1024.975 + 910.414 = R$3,673 Mil.
Cash Flow from Operations was 1903.082 + 898.854 + 2073.11 + 1864.023 = R$6,739 Mil.
Revenue was 6916.558 + 7146.013 + 7817.924 + 8117.307 = R$29,998 Mil.
Gross Profit was 3524.426 + 3521.715 + 3761.114 + 3899.719 = R$14,707 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(79908.166 + 88698.629 + 86582.787 + 91053.098 + 102108.172) / 5 = R$89670.1704 Mil.
Total Assets at the begining of this year (Sep23) was R$79,908 Mil.
Long-Term Debt & Capital Lease Obligation was R$40,598 Mil.
Total Current Assets was R$21,546 Mil.
Total Current Liabilities was R$17,830 Mil.
Net Income was 1088.42 + 656.284 + 634.379 + 770.437 = R$3,150 Mil.

Revenue was 7019.919 + 7097.759 + 6613.652 + 6745.77 = R$27,477 Mil.
Gross Profit was 3395.872 + 3317.878 + 3111.707 + 3231.885 = R$13,057 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(86522.546 + 87353.22 + 83381.352 + 76996.67 + 79908.166) / 5 = R$82832.3908 Mil.
Total Assets at the begining of last year (Sep22) was R$86,523 Mil.
Long-Term Debt & Capital Lease Obligation was R$34,315 Mil.
Total Current Assets was R$11,203 Mil.
Total Current Liabilities was R$9,824 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.

SS&C Technologies Holdings's current Net Income (TTM) was 3,673. ==> 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.

SS&C Technologies Holdings's current Cash Flow from Operations (TTM) was 6,739. ==> 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 (Sep23)
=3672.726/79908.166
=0.04596184

ROA (Last Year)=Net Income/Total Assets (Sep22)
=3149.52/86522.546
=0.03640115

SS&C Technologies Holdings's return on assets of this year was 0.04596184. SS&C Technologies Holdings's return on assets of last year was 0.03640115. ==> 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.

SS&C Technologies Holdings's current Net Income (TTM) was 3,673. SS&C Technologies Holdings's current Cash Flow from Operations (TTM) was 6,739. ==> 6,739 > 3,673 ==> 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
=40597.612/89670.1704
=0.45274378

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=34315.075/82832.3908
=0.41427121

SS&C Technologies Holdings's gearing of this year was 0.45274378. SS&C Technologies Holdings's gearing of last year was 0.41427121. ==> 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
=21545.918/17830.055
=1.20840446

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=11202.947/9823.568
=1.14041527

SS&C Technologies Holdings's current ratio of this year was 1.20840446. SS&C Technologies Holdings's current ratio of last year was 1.14041527. ==> 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.

SS&C Technologies Holdings's number of shares in issue this year was 1524.6. SS&C Technologies Holdings's number of shares in issue last year was 1523.4. ==> 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
=14706.974/29997.802
=0.49026839

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13057.342/27477.1
=0.47520816

SS&C Technologies Holdings's gross margin of this year was 0.49026839. SS&C Technologies Holdings's gross margin of last year was 0.47520816. ==> 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)
=29997.802/79908.166
=0.37540346

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=27477.1/86522.546
=0.31757156

SS&C Technologies Holdings's asset turnover of this year was 0.37540346. SS&C Technologies Holdings's asset turnover of last year was 0.31757156. ==> 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+0+1+0+1+1
=7

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

SS&C Technologies Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

SS&C Technologies Holdings  (BSP:S1SN34) 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.


SS&C Technologies Holdings Piotroski F-Score Related Terms

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SS&C Technologies Holdings Business Description

Traded in Other Exchanges
Address
80 Lamberton Road, Windsor, CT, USA, 06095
SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in virtual data room solutions. With its 2018 purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services. In 2022, SS&C completed the acquisition of Blue Prism.

SS&C Technologies Holdings Headlines

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