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CSSEQ (Chicken Soup for the Soul Entertainment) Piotroski F-Score : 1 (As of Dec. 15, 2024)


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What is Chicken Soup for the Soul Entertainment Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 1 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Chicken Soup for the Soul Entertainment has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Chicken Soup for the Soul Entertainment's Piotroski F-Score or its related term are showing as below:

CSSEQ' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 1

During the past 8 years, the highest Piotroski F-Score of Chicken Soup for the Soul Entertainment was 5. The lowest was 1. And the median was 3.


Chicken Soup for the Soul Entertainment Piotroski F-Score Historical Data

The historical data trend for Chicken Soup for the Soul Entertainment'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.

Chicken Soup for the Soul Entertainment Piotroski F-Score Chart

Chicken Soup for the Soul Entertainment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 3.00 3.00 3.00 2.00 2.00

Chicken Soup for the Soul Entertainment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.00 2.00 2.00 2.00 1.00

Competitive Comparison of Chicken Soup for the Soul Entertainment's Piotroski F-Score

For the Entertainment subindustry, Chicken Soup for the Soul Entertainment'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.


Chicken Soup for the Soul Entertainment's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Chicken Soup for the Soul Entertainment's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chicken Soup for the Soul Entertainment'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was -40.409 + -429.793 + -96.749 + -48.7 = $-615.7 Mil.
Cash Flow from Operations was -5.846 + 0.521 + -1.914 + -0.503 = $-7.7 Mil.
Revenue was 79.91 + 65.724 + 39.174 + 27.396 = $212.2 Mil.
Gross Profit was 14.624 + -0.166 + -38.904 + -0.991 = $-25.4 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(884.206 + 878.599 + 481.334 + 422.301 + 414.076) / 5 = $616.1032 Mil.
Total Assets at the begining of this year (Mar23) was $884.2 Mil.
Long-Term Debt & Capital Lease Obligation was $574.4 Mil.
Total Current Assets was $151.4 Mil.
Total Current Liabilities was $246.3 Mil.
Net Income was -18.392 + -17.616 + -53.691 + -55.565 = $-145.3 Mil.

Revenue was 37.637 + 72.392 + 113.575 + 109.599 = $333.2 Mil.
Gross Profit was 6.04 + 12.236 + 12.082 + 13.293 = $43.7 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(270.944 + 300.274 + 917.399 + 883.879 + 884.206) / 5 = $651.3404 Mil.
Total Assets at the begining of last year (Mar22) was $270.9 Mil.
Long-Term Debt & Capital Lease Obligation was $516.7 Mil.
Total Current Assets was $167.2 Mil.
Total Current Liabilities was $199.8 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.

Chicken Soup for the Soul Entertainment's current Net Income (TTM) was -615.7. ==> Negative ==> Score 0.

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.

Chicken Soup for the Soul Entertainment's current Cash Flow from Operations (TTM) was -7.7. ==> 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 (Mar23)
=-615.651/884.206
=-0.69627553

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-145.264/270.944
=-0.53614031

Chicken Soup for the Soul Entertainment's return on assets of this year was -0.69627553. Chicken Soup for the Soul Entertainment's return on assets of last year was -0.53614031. ==> 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.

Chicken Soup for the Soul Entertainment's current Net Income (TTM) was -615.7. Chicken Soup for the Soul Entertainment's current Cash Flow from Operations (TTM) was -7.7. ==> -7.7 > -615.7 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=574.429/616.1032
=0.93235841

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=516.748/651.3404
=0.79336089

Chicken Soup for the Soul Entertainment's gearing of this year was 0.93235841. Chicken Soup for the Soul Entertainment's gearing of last year was 0.79336089. ==> 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

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=151.353/246.31
=0.61448175

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=167.164/199.78
=0.83674041

Chicken Soup for the Soul Entertainment's current ratio of this year was 0.61448175. Chicken Soup for the Soul Entertainment's current ratio of last year was 0.83674041. ==> 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.

Chicken Soup for the Soul Entertainment's number of shares in issue this year was 32.388. Chicken Soup for the Soul Entertainment's number of shares in issue last year was 21.249. ==> 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
=-25.437/212.204
=-0.1198705

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=43.651/333.203
=0.13100422

Chicken Soup for the Soul Entertainment's gross margin of this year was -0.1198705. Chicken Soup for the Soul Entertainment's gross margin of last year was 0.13100422. ==> Last year's gross 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 (Mar23)
=212.204/884.206
=0.23999385

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=333.203/270.944
=1.22978549

Chicken Soup for the Soul Entertainment's asset turnover of this year was 0.23999385. Chicken Soup for the Soul Entertainment's asset turnover of last year was 1.22978549. ==> 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
=0+0+0+1+0+0+0+0+0
=1

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

Chicken Soup for the Soul Entertainment has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Chicken Soup for the Soul Entertainment  (OTCPK:CSSEQ) 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.


Chicken Soup for the Soul Entertainment Piotroski F-Score Related Terms

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Chicken Soup for the Soul Entertainment Business Description

Traded in Other Exchanges
Address
132 East Putman Avenue, Floor 2W, Cos Cob, CT, USA, 06807
Chicken Soup for the Soul Entertainment Inc provides premium content to value-conscious consumers. It is the largest advertising-supported video-on-demand companies in the US, with three flagship AVOD streaming services: Redbox, Crackle, and Chicken Soup for the Soul. In addition, the company operates Redbox Free Live TV, a free ad-supported streaming television service (FAST), with nearly 180 FAST channels as well as a transaction video on demand service, and a network of approximately 29,000 kiosks across the US for DVD rentals. To provide original and exclusive content to its viewers, the company creates, acquires, and distributes films and TV series through its Screen Media and Chicken Soup for the Soul TV Group subsidiaries.
Executives
Chicken Soup For The Soul Holdings, Llc 10 percent owner P.O. BOX 700, COS COB CT 06807
Chicken Soup For The Soul Productions, Llc 10 percent owner P.O. BOX 700, COS COB CT 06807
Rouhana William J Jr director, 10 percent owner, officer: Chief Executive Officer C/O WINSTAR COMMUNICATIONS INC, 230 PARK AVE, NEW YORK NY 10169
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Jason Meier officer: Chief Financial Officer 132 E. PUTNAM AVENUE, FLOOR 2W, COS COB CT 06807
Apollo Management Holdings, L.p. 10 percent owner 9 W. 57TH STREET, NEW YORK NY 10019
Jonathan Saul Katz officer: President 132 E. PUTNAM AVENUE, FLOOR 2W, COS COB CT 06807
Galen C Smith officer: Executive Vice Chairman C/O COINSTAR, INC., 1800 114TH AVE SE, BELLEVUE WA 98004
Ap Viii Aspen Holdings Gp, Llc 10 percent owner ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Ap Viii Aspen Holdings, L.p. 10 percent owner ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Redwood Holdco Gp, Llc 10 percent owner C/O REDBOX ENTERTAINMENT INC., 1 TOWER LANE, SUITE 800, OAKBROOK TERRACE IL 60181
Redwood Holdco, Lp 10 percent owner C/O REDBOX ENTERTAINMENT INC., 1 TOWER LANE, SUITE 800, OAKBROOK TERRACE IL 60181
New Outerwall, Inc. 10 percent owner ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Apollo Management, L.p. 10 percent owner 2 MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577
Apollo Management Gp, Llc 10 percent owner TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577