GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Nos Sgps SA (CHIX:NOSu) » Definitions » Piotroski F-Score

Nos Sgps (CHIX:NOSU) Piotroski F-Score : 8 (As of Apr. 03, 2025)


View and export this data going back to 2009. Start your Free Trial

What is Nos Sgps 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

Nos Sgps 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 Nos Sgps's Piotroski F-Score or its related term are showing as below:

CHIX:NOSu' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Nos Sgps was 8. The lowest was 4. And the median was 7.


Nos Sgps Piotroski F-Score Historical Data

The historical data trend for Nos Sgps'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.

Nos Sgps Piotroski F-Score Chart

Nos Sgps Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 8.00 5.00 8.00

Nos Sgps 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 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 8.00 8.00

Competitive Comparison of Nos Sgps's Piotroski F-Score

For the Telecom Services subindustry, Nos Sgps'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.


Nos Sgps's Piotroski F-Score Distribution in the Telecommunication Services Industry

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

* The bar in red indicates where Nos Sgps'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 67.844 + 80.711 + 52.556 + 71.148 = €272 Mil.
Cash Flow from Operations was 228.908 + 232.229 + 254.387 + 187.831 = €903 Mil.
Revenue was 403.288 + 412.222 + 432.736 + 448.017 = €1,696 Mil.
Gross Profit was 293.341 + 296.82 + 315.937 + 305.198 = €1,211 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(3468.98 + 3462.873 + 3362.82 + 3343.264 + 3359.787) / 5 = €3399.5448 Mil.
Total Assets at the begining of this year (Dec23) was €3,469 Mil.
Long-Term Debt & Capital Lease Obligation was €1,306 Mil.
Total Current Assets was €535 Mil.
Total Current Liabilities was €792 Mil.
Net Income was 34.915 + 45.546 + 45.859 + 54.675 = €181 Mil.

Revenue was 381.404 + 393.791 + 407.916 + 414.343 = €1,597 Mil.
Gross Profit was 278.025 + 282.557 + 299.443 + 278.627 = €1,139 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(3463.324 + 3488.568 + 3459.291 + 3489.325 + 3468.98) / 5 = €3473.8976 Mil.
Total Assets at the begining of last year (Dec22) was €3,463 Mil.
Long-Term Debt & Capital Lease Obligation was €1,497 Mil.
Total Current Assets was €574 Mil.
Total Current Liabilities was €802 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.

Nos Sgps's current Net Income (TTM) was 272. ==> 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.

Nos Sgps's current Cash Flow from Operations (TTM) was 903. ==> 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 (Dec23)
=272.259/3468.98
=0.07848388

ROA (Last Year)=Net Income/Total Assets (Dec22)
=180.995/3463.324
=0.05226049

Nos Sgps's return on assets of this year was 0.07848388. Nos Sgps's return on assets of last year was 0.05226049. ==> 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.

Nos Sgps's current Net Income (TTM) was 272. Nos Sgps's current Cash Flow from Operations (TTM) was 903. ==> 903 > 272 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1306.276/3399.5448
=0.38425027

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1496.9/3473.8976
=0.43089929

Nos Sgps's gearing of this year was 0.38425027. Nos Sgps's gearing of last year was 0.43089929. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=534.71/792.443
=0.67476147

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=574.233/801.97
=0.71602803

Nos Sgps's current ratio of this year was 0.67476147. Nos Sgps's current ratio of last year was 0.71602803. ==> Last year's current ratio is higher ==> Score 0.

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.

Nos Sgps's number of shares in issue this year was 508.778. Nos Sgps's number of shares in issue last year was 511.425. ==> 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
=1211.296/1696.263
=0.71409681

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1138.652/1597.454
=0.71279173

Nos Sgps's gross margin of this year was 0.71409681. Nos Sgps's gross margin of last year was 0.71279173. ==> 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 (Dec23)
=1696.263/3468.98
=0.48898033

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1597.454/3463.324
=0.46124879

Nos Sgps's asset turnover of this year was 0.48898033. Nos Sgps's asset turnover of last year was 0.46124879. ==> 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+1+0+1+1+1
=8

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

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

Nos Sgps  (CHIX:NOSu) 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.


Nos Sgps Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Nos Sgps's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Nos Sgps Business Description

Traded in Other Exchanges
Address
Rua Actor Antonio Silva, No. 9, Edificio Campo Grande, Campo Grande, Lisboa, PRT, 1600-404
Nos Sgps SA is engaged in cable and satellite television services, voice and Internet access services, video production and sale, advertising on Pay TV channels, cinema exhibition, and distribution, the production of channels for Pay TV, management of data centers and consulting services in IT, mainly in the Portuguese market. The company's business segments are Telco and Audiovisuals. The Telco segment includes fixed and mobile TV, internet, and voice services. The Audiovisuals segment comprises video production services and sales, cinema exhibition and distribution, and the acquisition and negotiation of Pay TV and VOD rights.

Nos Sgps Headlines

No Headlines