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Misr Beni Suef Cement (Lafarge) (CAI:MBSC) Piotroski F-Score : 6 (As of Dec. 14, 2024)


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What is Misr Beni Suef Cement (Lafarge) 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

Misr Beni Suef Cement (Lafarge) 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 Misr Beni Suef Cement (Lafarge)'s Piotroski F-Score or its related term are showing as below:

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

During the past 7 years, the highest Piotroski F-Score of Misr Beni Suef Cement (Lafarge) was 8. The lowest was 4. And the median was 6.


Misr Beni Suef Cement (Lafarge) Piotroski F-Score Historical Data

The historical data trend for Misr Beni Suef Cement (Lafarge)'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.

Misr Beni Suef Cement (Lafarge) Piotroski F-Score Chart

Misr Beni Suef Cement (Lafarge) Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 4.00 7.00 8.00 5.00 6.00

Misr Beni Suef Cement (Lafarge) Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score Get a 7-Day Free Trial 4.00 7.00 8.00 5.00 6.00

Competitive Comparison of Misr Beni Suef Cement (Lafarge)'s Piotroski F-Score

For the Building Materials subindustry, Misr Beni Suef Cement (Lafarge)'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.


Misr Beni Suef Cement (Lafarge)'s Piotroski F-Score Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Misr Beni Suef Cement (Lafarge)'s Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Misr Beni Suef Cement (Lafarge)'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was E£369 Mil.
Cash Flow from Operations was E£-487 Mil.
Revenue was E£2,033 Mil.
Gross Profit was E£367 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (2332.261 + 1465.534) / 2 = E£1898.8975 Mil.
Total Assets at the begining of this year (Dec22) was E£2,332 Mil.
Long-Term Debt & Capital Lease Obligation was E£0 Mil.
Total Current Assets was E£1,040 Mil.
Total Current Liabilities was E£624 Mil.
Net Income was E£-146 Mil.

Revenue was E£1,844 Mil.
Gross Profit was E£33 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (2069.31 + 2332.261) / 2 = E£2200.7855 Mil.
Total Assets at the begining of last year (Dec21) was E£2,069 Mil.
Long-Term Debt & Capital Lease Obligation was E£0 Mil.
Total Current Assets was E£1,913 Mil.
Total Current Liabilities was E£1,343 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.

Misr Beni Suef Cement (Lafarge)'s current Net Income (TTM) was 369. ==> 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.

Misr Beni Suef Cement (Lafarge)'s current Cash Flow from Operations (TTM) was -487. ==> Negative ==> Score 0.

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)
=369.102/2332.261
=0.1582593

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-145.945/2069.31
=-0.07052834

Misr Beni Suef Cement (Lafarge)'s return on assets of this year was 0.1582593. Misr Beni Suef Cement (Lafarge)'s return on assets of last year was -0.07052834. ==> 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.

Misr Beni Suef Cement (Lafarge)'s current Net Income (TTM) was 369. Misr Beni Suef Cement (Lafarge)'s current Cash Flow from Operations (TTM) was -487. ==> -487 <= 369 ==> 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
=0/1898.8975
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/2200.7855
=0

Misr Beni Suef Cement (Lafarge)'s gearing of this year was 0. Misr Beni Suef Cement (Lafarge)'s gearing of last year was 0. ==> 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
=1040.396/623.532
=1.6685527

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1913.473/1343.237
=1.42452374

Misr Beni Suef Cement (Lafarge)'s current ratio of this year was 1.6685527. Misr Beni Suef Cement (Lafarge)'s current ratio of last year was 1.42452374. ==> 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.

Misr Beni Suef Cement (Lafarge)'s number of shares in issue this year was 75. Misr Beni Suef Cement (Lafarge)'s number of shares in issue last year was 75. ==> 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
=367.114/2033.496
=0.18053343

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=33.376/1844.287
=0.01809697

Misr Beni Suef Cement (Lafarge)'s gross margin of this year was 0.18053343. Misr Beni Suef Cement (Lafarge)'s gross margin of last year was 0.01809697. ==> 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)
=2033.496/2332.261
=0.87189899

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=1844.287/2069.31
=0.89125699

Misr Beni Suef Cement (Lafarge)'s asset turnover of this year was 0.87189899. Misr Beni Suef Cement (Lafarge)'s asset turnover of last year was 0.89125699. ==> 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+0+1+0+1+1+1+1+0
=6

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

Misr Beni Suef Cement (Lafarge) has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Misr Beni Suef Cement (Lafarge)  (CAI:MBSC) 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.


Misr Beni Suef Cement (Lafarge) Piotroski F-Score Related Terms

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Misr Beni Suef Cement (Lafarge) Business Description

Traded in Other Exchanges
N/A
Address
14 El Marwa Street, Behind El Maadi Towers (Othman Towers) Corniche, Beside Family Cinema, Maadi - Cairo, EGY
Misr Beni Suef Cement (Lafarge) SA manufactures construction materials. It produces and sells Portland cement, clinker, and related materials in Egypt. The company offers its cement packed as bulk cement or bagged cement.

Misr Beni Suef Cement (Lafarge) Headlines

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