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BZQIY (Bezeq The Israeli Telecommunication) Piotroski F-Score : 6 (As of Dec. 11, 2024)


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What is Bezeq The Israeli Telecommunication 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

Bezeq The Israeli Telecommunication has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

BZQIY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Bezeq The Israeli Telecommunication was 8. The lowest was 3. And the median was 6.


Bezeq The Israeli Telecommunication Piotroski F-Score Historical Data

The historical data trend for Bezeq The Israeli Telecommunication'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.

Bezeq The Israeli Telecommunication Piotroski F-Score Chart

Bezeq The Israeli Telecommunication 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 3.00 5.00 8.00 6.00 7.00

Bezeq The Israeli Telecommunication 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 5.00 7.00 8.00 7.00 6.00

Competitive Comparison of Bezeq The Israeli Telecommunication's Piotroski F-Score

For the Telecom Services subindustry, Bezeq The Israeli Telecommunication'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.


Bezeq The Israeli Telecommunication's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Bezeq The Israeli Telecommunication's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bezeq The Israeli Telecommunication'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 66.587 + 82.534 + 80.296 + 78.617 = $308 Mil.
Cash Flow from Operations was 254.037 + 280.056 + 198.362 + 253.757 = $986 Mil.
Revenue was 624.181 + 630.896 + 613.27 + 625.021 = $2,493 Mil.
Gross Profit was 511.431 + 520.664 + 515.068 + 528.218 = $2,075 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(4165.592 + 3882.738 + 4350.244 + 4225.184 + 4329.821) / 5 = $4190.7158 Mil.
Total Assets at the begining of this year (Sep23) was $4,166 Mil.
Long-Term Debt & Capital Lease Obligation was $2,343 Mil.
Total Current Assets was $1,397 Mil.
Total Current Liabilities was $1,179 Mil.
Net Income was 30.496 + 87.01 + 95.963 + 83.094 = $297 Mil.

Revenue was 627.818 + 645.724 + 643.206 + 633.694 = $2,550 Mil.
Gross Profit was 517.307 + 527.379 + 537.451 + 526.539 = $2,109 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(3995.768 + 3752.362 + 3996.047 + 4041.091 + 4165.592) / 5 = $3990.172 Mil.
Total Assets at the begining of last year (Sep22) was $3,996 Mil.
Long-Term Debt & Capital Lease Obligation was $2,310 Mil.
Total Current Assets was $1,279 Mil.
Total Current Liabilities was $1,168 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.

Bezeq The Israeli Telecommunication's current Net Income (TTM) was 308. ==> 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.

Bezeq The Israeli Telecommunication's current Cash Flow from Operations (TTM) was 986. ==> 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)
=308.034/4165.592
=0.07394723

ROA (Last Year)=Net Income/Total Assets (Sep22)
=296.563/3995.768
=0.07421927

Bezeq The Israeli Telecommunication's return on assets of this year was 0.07394723. Bezeq The Israeli Telecommunication's return on assets of last year was 0.07421927. ==> 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.

Bezeq The Israeli Telecommunication's current Net Income (TTM) was 308. Bezeq The Israeli Telecommunication's current Cash Flow from Operations (TTM) was 986. ==> 986 > 308 ==> 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
=2343.128/4190.7158
=0.55912358

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=2310.394/3990.172
=0.57902115

Bezeq The Israeli Telecommunication's gearing of this year was 0.55912358. Bezeq The Israeli Telecommunication's gearing of last year was 0.57902115. ==> 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
=1396.924/1179.258
=1.18457878

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1279.138/1168.067
=1.09508958

Bezeq The Israeli Telecommunication's current ratio of this year was 1.18457878. Bezeq The Israeli Telecommunication's current ratio of last year was 1.09508958. ==> 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.

Bezeq The Israeli Telecommunication's number of shares in issue this year was 562. Bezeq The Israeli Telecommunication's number of shares in issue last year was 540. ==> 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
=2075.381/2493.368
=0.83236049

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2108.676/2550.442
=0.82678845

Bezeq The Israeli Telecommunication's gross margin of this year was 0.83236049. Bezeq The Israeli Telecommunication's gross margin of last year was 0.82678845. ==> 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)
=2493.368/4165.592
=0.5985627

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=2550.442/3995.768
=0.63828581

Bezeq The Israeli Telecommunication's asset turnover of this year was 0.5985627. Bezeq The Israeli Telecommunication's asset turnover of last year was 0.63828581. ==> 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+1+1+1+0+1+0
=6

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

Bezeq The Israeli Telecommunication has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Bezeq The Israeli Telecommunication  (OTCPK:BZQIY) 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.


Bezeq The Israeli Telecommunication Piotroski F-Score Related Terms

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Bezeq The Israeli Telecommunication Business Description

Traded in Other Exchanges
Address
132 Menachem Begin Avenue, Azrieli Center, (Triangle Tower), 27th Floor, Tel Aviv, ISR, 61620
Bezeq The Israeli Telecommunication Corp Ltd is a triple-play telecommunications company. The company generates revenue through the provision of mobile, broadband, and data. It operates through four business segments: Bezeq, Pelephone, Bezeq International, and DBS Satellite Services. The Bezeq segment generates revenue from fixed-line communications and contributes the majority of overall company revenue. Pelephone derives revenue from the provision of mobile services. Bezeq International and DBS Satellite Services produce revenue from the provision of Internet services and satellite TV services, respectively. The company owns telecommunications infrastructure, such as fibre networks. It generates the vast majority of its revenue in Israel.