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Pantheon Infrastructure (CHIX:PINTL) Piotroski F-Score : 6 (As of Apr. 15, 2025)


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What is Pantheon Infrastructure 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

Pantheon Infrastructure 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 Pantheon Infrastructure's Piotroski F-Score or its related term are showing as below:

CHIX:PINTl' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 6
Current: 6

During the past 3 years, the highest Piotroski F-Score of Pantheon Infrastructure was 6. The lowest was 6. And the median was 6.


Pantheon Infrastructure Piotroski F-Score Historical Data

The historical data trend for Pantheon Infrastructure'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.

Pantheon Infrastructure Piotroski F-Score Chart

Pantheon Infrastructure Annual Data
Trend Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 6.00

Pantheon Infrastructure Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Piotroski F-Score N/A - N/A - 6.00

Competitive Comparison of Pantheon Infrastructure's Piotroski F-Score

For the Asset Management subindustry, Pantheon Infrastructure'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.


Pantheon Infrastructure's Piotroski F-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pantheon Infrastructure's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pantheon Infrastructure's Piotroski F-Score falls into.


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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 £72.13 Mil.
Cash Flow from Operations was £-6.85 Mil.
Revenue was £77.28 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (506.902 + 561.377) / 2 = £534.1395 Mil.
Total Assets at the begining of this year (Dec23) was £506.90 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £561.38 Mil.
Total Liabilities was £7.88 Mil.
Net Income was £49.59 Mil.

Revenue was £54.62 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (486.018 + 506.902) / 2 = £496.46 Mil.
Total Assets at the begining of last year (Dec22) was £486.02 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £506.90 Mil.
Total Liabilities was £2.87 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.

Pantheon Infrastructure's current Net Income (TTM) was 72.13. ==> 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.

Pantheon Infrastructure's current Cash Flow from Operations (TTM) was -6.85. ==> 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 (Dec23)
=72.126/506.902
=0.14228786

ROA (Last Year)=Net Income/Total Assets (Dec22)
=49.586/486.018
=0.10202503

Pantheon Infrastructure's return on assets of this year was 0.14228786. Pantheon Infrastructure's return on assets of last year was 0.10202503. ==> 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.

Pantheon Infrastructure's current Net Income (TTM) was 72.13. Pantheon Infrastructure's current Cash Flow from Operations (TTM) was -6.85. ==> -6.85 <= 72.13 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/534.1395
=0

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/496.46
=0

Pantheon Infrastructure's gearing of this year was 0. Pantheon Infrastructure'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

* 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: Dec24)=Total Assets/Total Liabilities
=561.377/7.884
=71.20459158

Current Ratio (Last Year: Dec23)=Total Assets/Total Liabilities
=506.902/2.869
=176.68246776

Pantheon Infrastructure's current ratio of this year was 71.20459158. Pantheon Infrastructure's current ratio of last year was 176.68246776. ==> 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.

Pantheon Infrastructure's number of shares in issue this year was 469.475. Pantheon Infrastructure's number of shares in issue last year was 477.412. ==> 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
=72.126/77.276
=0.93335576

Net Margin (Last Year: TTM)=Net Income/Revenue
=49.586/54.624
=0.90776948

Pantheon Infrastructure's net margin of this year was 0.93335576. Pantheon Infrastructure's net margin of last year was 0.90776948. ==> This year's net 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)
=77.276/506.902
=0.15244761

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=54.624/486.018
=0.1123909

Pantheon Infrastructure's asset turnover of this year was 0.15244761. Pantheon Infrastructure's asset turnover of last year was 0.1123909. ==> 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+0+1+0+1+0+1+1+1
=6

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

Pantheon Infrastructure has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Pantheon Infrastructure  (CHIX:PINTl) 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.


Pantheon Infrastructure Piotroski F-Score Related Terms

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Pantheon Infrastructure Business Description

Traded in Other Exchanges
Address
6th Floor, 65 Gresham Street, London, GBR, EC2V 7NQ
Pantheon Infrastructure PLC is a closed-ended investment company. The company will seek to generate risk-adjusted total returns for shareholders over the longer term. This comprises capital growth with a progressive dividend, through the acquisition of equity or equity-related investments in a diversified portfolio of infrastructure assets with a primary focus on developed OECD markets.

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