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Opus Global (BUD:OPUS) Piotroski F-Score : 8 (As of Mar. 15, 2025)


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What is Opus Global 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

Opus Global has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

BUD:OPUS' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Opus Global was 8. The lowest was 1. And the median was 6.


Opus Global Piotroski F-Score Historical Data

The historical data trend for Opus Global'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.

Opus Global Piotroski F-Score Chart

Opus Global 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 4.00 5.00 7.00 6.00 8.00

Opus Global 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 7.00 8.00 7.00 8.00 8.00

Competitive Comparison of Opus Global's Piotroski F-Score

For the Engineering & Construction subindustry, Opus Global'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.


Opus Global's Piotroski F-Score Distribution in the Construction Industry

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

* The bar in red indicates where Opus Global'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 7068.602 + 6360.379 + 12164.081 + 737.667 = Ft26,331 Mil.
Cash Flow from Operations was 30779.893 + 14014.897 + -738.667 + 13928.688 = Ft57,985 Mil.
Revenue was 163350.404 + 137438.261 + 146511.749 + 137102.799 = Ft584,403 Mil.
Gross Profit was 39380.299 + 43019.408 + 35332.869 + 27983.616 = Ft145,716 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1066608.365 + 1072649.076 + 1065094.916 + 1049661.853 + 1024128.069) / 5 = Ft1055628.4558 Mil.
Total Assets at the begining of this year (Sep23) was Ft1,066,608 Mil.
Long-Term Debt & Capital Lease Obligation was Ft229,734 Mil.
Total Current Assets was Ft365,175 Mil.
Total Current Liabilities was Ft256,810 Mil.
Net Income was 3597.572 + 6322.799 + 1221.661 + 11243.214 = Ft22,385 Mil.

Revenue was 178561.538 + 153372.827 + 153389.733 + 173675.1 = Ft658,999 Mil.
Gross Profit was 38011.848 + 38769.238 + 24691.542 + 29989.364 = Ft131,462 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(1009982.547 + 1042580.144 + 1069960.246 + 1046331.647 + 1066608.365) / 5 = Ft1047092.5898 Mil.
Total Assets at the begining of last year (Sep22) was Ft1,009,983 Mil.
Long-Term Debt & Capital Lease Obligation was Ft242,751 Mil.
Total Current Assets was Ft438,521 Mil.
Total Current Liabilities was Ft314,432 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.

Opus Global's current Net Income (TTM) was 26,331. ==> 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.

Opus Global's current Cash Flow from Operations (TTM) was 57,985. ==> 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)
=26330.729/1066608.365
=0.02468641

ROA (Last Year)=Net Income/Total Assets (Sep22)
=22385.246/1009982.547
=0.02216399

Opus Global's return on assets of this year was 0.02468641. Opus Global's return on assets of last year was 0.02216399. ==> 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.

Opus Global's current Net Income (TTM) was 26,331. Opus Global's current Cash Flow from Operations (TTM) was 57,985. ==> 57,985 > 26,331 ==> 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
=229733.915/1055628.4558
=0.21762763

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=242750.692/1047092.5898
=0.23183307

Opus Global's gearing of this year was 0.21762763. Opus Global's gearing of last year was 0.23183307. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=365174.901/256809.612
=1.42196742

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=438521.175/314431.876
=1.39464605

Opus Global's current ratio of this year was 1.42196742. Opus Global's current ratio of last year was 1.39464605. ==> 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.

Opus Global's number of shares in issue this year was 617.467. Opus Global's number of shares in issue last year was 654.811. ==> 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
=145716.192/584403.213
=0.24934187

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=131461.992/658999.198
=0.19948733

Opus Global's gross margin of this year was 0.24934187. Opus Global's gross margin of last year was 0.19948733. ==> 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)
=584403.213/1066608.365
=0.54790796

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=658999.198/1009982.547
=0.65248573

Opus Global's asset turnover of this year was 0.54790796. Opus Global's asset turnover of last year was 0.65248573. ==> 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+1+1+1+1+1+0
=8

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

Opus Global has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Opus Global  (BUD:OPUS) 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.


Opus Global Piotroski F-Score Related Terms

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Opus Global Business Description

Traded in Other Exchanges
Address
59 Andrassy Street, Budapest, HUN, 1062
Opus Global PLC is a holding company manufacturing furnaces and fireplaces, construction activities, developing properties, and operating resorts. The company has structured its operations into the following businesses - industrial manufacturing, agriculture and food industry, Tourism, and asset management segment. The maximum revenue is generated from the industrial manufacturing business. Its geographic segments are Hungary, Germany, Austria, Switzerland, and Montenegro. It generates the majority of its revenue from Hungary.

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