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The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Capital Bancorp has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Capital Bancorp's Piotroski F-Score or its related term are showing as below:
During the past 10 years, the highest Piotroski F-Score of Capital Bancorp was 8. The lowest was 4. And the median was 6.
The historical data trend for Capital Bancorp'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.
Capital Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial |
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7.00 | 7.00 | 5.00 | 6.00 | - |
Capital Bancorp Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Piotroski F-Score | Get a 7-Day Free Trial |
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6.00 | 6.00 | 5.00 | 4.00 | - |
For the Banks - Regional subindustry, Capital Bancorp'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.
For the Banks industry and Financial Services sector, Capital Bancorp's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Capital Bancorp'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 9.03 + 6.562 + 8.205 + 8.672 = $32.5 Mil. Cash Flow from Operations was 6.193 + -3.412 + 12.898 + -0.464 = $15.2 Mil. Revenue was 40.825 + 40.98 + 43.947 + 44.989 = $170.7 Mil. Average Total Assets from the begining of this year (Sep23) to the end of this year (Sep24) was (2272.484 + 2226.176 + 2324.238 + 2438.583 + 2560.788) / 5 = $2364.4538 Mil. Total Assets at the begining of this year (Sep23) was $2,272.5 Mil. Long-Term Debt & Capital Lease Obligation was $64.1 Mil. Total Assets was $2,560.8 Mil. Total Liabilities was $2,280.7 Mil. |
Net Income was 8.99 + 9.735 + 7.318 + 9.788 = $35.8 Mil. Revenue was 40.76 + 40.513 + 42.027 + 43.136 = $166.4 Mil. Average Total Assets from the begining of last year (Sep22) to the end of last year (Sep23) was (2009.358 + 2123.655 + 2245.286 + 2227.866 + 2272.484) / 5 = $2175.7298 Mil. Total Assets at the begining of last year (Sep22) was $2,009.4 Mil. Long-Term Debt & Capital Lease Obligation was $34.1 Mil. Total Assets was $2,272.5 Mil. Total Liabilities was $2,029.6 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.
Capital Bancorp's current Net Income (TTM) was 32.5.
==> 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.
Capital Bancorp's current Cash Flow from Operations (TTM) was 15.2.
==> 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) |
= | 32.469 | / | 2272.484 | |
= | 0.01428789 |
ROA (Last Year) | = | Net Income | / | Total Assets (Sep22) |
= | 35.831 | / | 2009.358 | |
= | 0.01783206 |
Capital Bancorp's return on assets of this year was 0.01428789. Capital Bancorp's return on assets of last year was 0.01783206.
==> 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.
Capital Bancorp's current Net Income (TTM) was 32.5. Capital Bancorp's current Cash Flow from Operations (TTM) was 15.2.
==> 15.2 <= 32.5 ==> 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: Sep24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep23 to Sep24 |
= | 64.062 | / | 2364.4538 | |
= | 0.02709378 |
Gearing (Last Year: Sep23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep22 to Sep23 |
= | 34.062 | / | 2175.7298 | |
= | 0.01565544 |
Capital Bancorp's gearing of this year was 0.02709378. Capital Bancorp's gearing of last year was 0.01565544.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Current Ratio (This Year: Sep24) | = | Total Assets | / | Total Liabilities |
= | 2560.788 | / | 2280.677 | |
= | 1.12281923 |
Current Ratio (Last Year: Sep23) | = | Total Assets | / | Total Liabilities |
= | 2272.484 | / | 2029.606 | |
= | 1.11966756 |
Capital Bancorp's current ratio of this year was 1.12281923. Capital Bancorp's current ratio of last year was 1.11966756.
==> 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.
Capital Bancorp's number of shares in issue this year was 13.951. Capital Bancorp's number of shares in issue last year was 14.024.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Net Margin (This Year: TTM) | = | Net Income | / | Revenue |
= | 32.469 | / | 170.741 | |
= | 0.19016522 |
Net Margin (Last Year: TTM) | = | Net Income | / | Revenue |
= | 35.831 | / | 166.436 | |
= | 0.21528395 |
Capital Bancorp's net margin of this year was 0.19016522. Capital Bancorp's net margin of last year was 0.21528395.
==> Last year's net margin is higher ==> Score 0.
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) |
= | 170.741 | / | 2272.484 | |
= | 0.07513408 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Sep22) |
= | 166.436 | / | 2009.358 | |
= | 0.08283044 |
Capital Bancorp's asset turnover of this year was 0.07513408. Capital Bancorp's asset turnover of last year was 0.08283044.
==> 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 | + | 0 | + | 1 | + | 1 | + | 0 | + | 0 | |
= | 4 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Capital Bancorp has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Capital Bancorp (NAS:CBNK) 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.
Thank you for viewing the detailed overview of Capital Bancorp's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Randall James Levitt | director | ONE CHURCH STREET SUITE 300, ROCKVILLE MD 20850 |
Steven M Poynot | officer: EVP, Chief Operating Officer | 8004 BRIGHT LIGHT PLACE, ELLICOTT CITY MD 21043 |
Mary Ann Scully | director | 3301 BOSTON STREET, BALTIMORE MD 21224 |
Jacob Dalaya | officer: EVP, Chief Strategy Officer | 2275 RESEARCH BLVD, SUITE 600, ROCKVILLE MD 20850 |
Perrine Constance E | officer: SVP & CAO | C/O OMNI FINANCIAL SERVICES, INC., SIX CONCOURSE PARKWAY, SUITE 2300, ATLANTA GA 30328 |
Jennings Walker | officer: EVP, Chief Financial Officer | 2275 RESEARCH BLVD, SUITE 600, ROCKVILLE MD 20850 |
Gary M Kausmeyer | officer: Chief Risk Officer | 185 EAST MARKET STREET, WARREN OH 44481 |
Jeffrey Kaye | officer: EVP, Chief Marketing Officer | 2275 RESEARCH BLVD, SUITE 600, ROCKVILLE MD 20850 |
Sandeep Uthra | officer: EVP & CIO | 2275 RESEARCH BLVD, 6TH FLOOR, ROCKVILLE MD 20850 |
Fred Joseph Lewis | director | 2275 RESEARCH BLVD, ROCKVILLE MD 20850 |
Eric M. Suss | officer: EVP and CHRO | ONE CHURCH STREET, ROCKVILLE MD 20850 |
Jerome Ronnell Bailey | director | CAPITAL BANCORP, INC., 2275 RESEARCH BLVD, SUITE 600, ROCKVILLE MD 20850 |
Stephen N Ashman | director | |
James F. Whalen | director | ONE CHURCH STREET, ROCKVILLE MD 20850 |
Joshua Bernstein | director | ONE CHURCH STREET, ROCKVILLE MD 20850 |
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