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CWGL (Crimson Wine Group) Piotroski F-Score : 7 (As of Dec. 15, 2024)


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What is Crimson Wine Group Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Crimson Wine Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Crimson Wine Group's Piotroski F-Score or its related term are showing as below:

CWGL' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Crimson Wine Group was 9. The lowest was 3. And the median was 6.


Crimson Wine Group Piotroski F-Score Historical Data

The historical data trend for Crimson Wine Group'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.

Crimson Wine Group Piotroski F-Score Chart

Crimson Wine Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 8.00 8.00 8.00

Crimson Wine Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.00 8.00 9.00 8.00 7.00

Competitive Comparison of Crimson Wine Group's Piotroski F-Score

For the Beverages - Wineries & Distilleries subindustry, Crimson Wine Group'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.


Crimson Wine Group's Piotroski F-Score Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Crimson Wine Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Crimson Wine Group'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 1.478 + -0.633 + 0.128 + 0.038 = $1.01 Mil.
Cash Flow from Operations was 3.27 + -3.657 + 4.589 + 1.514 = $5.72 Mil.
Revenue was 21.433 + 15.93 + 17.246 + 16.912 = $71.52 Mil.
Gross Profit was 9.726 + 7.696 + 8.791 + 8.102 = $34.32 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(220.635 + 222.089 + 214.396 + 214.758 + 221.617) / 5 = $218.699 Mil.
Total Assets at the begining of this year (Sep23) was $220.64 Mil.
Long-Term Debt & Capital Lease Obligation was $15.69 Mil.
Total Current Assets was $100.18 Mil.
Total Current Liabilities was $17.73 Mil.
Net Income was 1.341 + -0.612 + 0.546 + 1.711 = $2.99 Mil.

Revenue was 20.853 + 15.221 + 17.718 + 18.03 = $71.82 Mil.
Gross Profit was 9.791 + 6.934 + 8.597 + 8.426 = $33.75 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(229.504 + 218.76 + 213.983 + 214.476 + 220.635) / 5 = $219.4716 Mil.
Total Assets at the begining of last year (Sep22) was $229.50 Mil.
Long-Term Debt & Capital Lease Obligation was $16.82 Mil.
Total Current Assets was $96.85 Mil.
Total Current Liabilities was $14.59 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.

Crimson Wine Group's current Net Income (TTM) was 1.01. ==> 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.

Crimson Wine Group's current Cash Flow from Operations (TTM) was 5.72. ==> 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)
=1.011/220.635
=0.00458223

ROA (Last Year)=Net Income/Total Assets (Sep22)
=2.986/229.504
=0.01301067

Crimson Wine Group's return on assets of this year was 0.00458223. Crimson Wine Group's return on assets of last year was 0.01301067. ==> 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.

Crimson Wine Group's current Net Income (TTM) was 1.01. Crimson Wine Group's current Cash Flow from Operations (TTM) was 5.72. ==> 5.72 > 1.01 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=15.694/218.699
=0.07176073

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=16.824/219.4716
=0.07665684

Crimson Wine Group's gearing of this year was 0.07176073. Crimson Wine Group's gearing of last year was 0.07665684. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=100.176/17.734
=5.6488102

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=96.848/14.594
=6.63615184

Crimson Wine Group's current ratio of this year was 5.6488102. Crimson Wine Group's current ratio of last year was 6.63615184. ==> 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.

Crimson Wine Group's number of shares in issue this year was 20.752. Crimson Wine Group's number of shares in issue last year was 21.267. ==> 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
=34.315/71.521
=0.47978915

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=33.748/71.822
=0.46988388

Crimson Wine Group's gross margin of this year was 0.47978915. Crimson Wine Group's gross margin of last year was 0.46988388. ==> 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 (Sep23)
=71.521/220.635
=0.32415981

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=71.822/229.504
=0.31294444

Crimson Wine Group's asset turnover of this year was 0.32415981. Crimson Wine Group's asset turnover of last year was 0.31294444. ==> 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+0+1+1+0+1+1+1
=7

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

Crimson Wine Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Crimson Wine Group  (OTCPK:CWGL) 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.


Crimson Wine Group Piotroski F-Score Related Terms

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Crimson Wine Group Business Description

Traded in Other Exchanges
N/A
Address
5901 Silverado Trail, Napa, CA, USA, 94558
Crimson Wine Group Ltd is engaged in the business of producing and selling luxury wines. Its operating segments are Wholesale net sales and direct-to-consumer net sales. It generates revenues from sales of wine to wholesalers and directs to consumers, sales of bulk wine and grapes, custom winemaking services, special event fees, tasting fees, and retail sales. The company's wineries include wine brands of Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery, and Malene Wines.
Executives
Annette D. Alvarez-peters director C/O CRIMSON WINE GROUP, 5901 SILVERADO TRAIL, NAPA CA 94558
Luanne Dupere Tierney director C/O CRIMSON WINE GROUP LTD., 2700 NAPA VALLEY CORPORATE DR., SUITE B, NAPA CA 94558
Kimberly A. Benson officer: Interim CFO C/O CRIMSON WINE GROUP, LTD., 5901 SILVERADO TRAIL, NAPA CA 94558
John D. Cumming director C/O CRIMSON WINE GROUP, LTD., 5901 SILVERADO TRAIL, NAPA CA 94558
Joseph S Steinberg director C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Rollins Colby A. director 2700 NAPA VALLEY CORPORATE DR., STE. B, C/O CRIMSON WINE GROUP LTD., NAPA CA 94558
Jennifer L. Locke officer: CHIEF EXECUTIVE OFFICER C/O CRIMSON WINE GROUP, LTD., 2700 NAPA VALLEY CORPORATE DR., SUITE B, NAPA CA 94558
Teton Holdings Corp Ccs 10 percent owner P. O. BOX 4902, JACKSON WY 83001
David Cumming 10 percent owner 1794 OLYMPIC PARKWAY, SUITE 201, PARK CITY UT 84098
Quille Nicolas Michel Eric officer: COO 2700 NAPA VALLEY CORPORATE DR., STE. B, C/O CRIMSON WINE GROUP LTD., NAPA CA 94558
Craig Williams director C/O CRIMSON WINE GROUP, LTD, 5901 SILVERADO TRAIL, NAPA CA 94558
Ian M. Cumming Charitable Lead Annuity Trust 10 percent owner P. O. BOX 4902, JACKSON WY 83001
Patrick M Delong officer: Chief Fin. & Oper. Officer 1222 ARROYO SARCO, NAPA CA 94558
Mike S. Cekay officer: SVP of Global Sales C/O CRIMSON WINE GROUP, LTD, 5901 SIVERADO TRAIL, NAPA CA 94558
Karen L. Diepholz officer: CFO 2700 NAPA VALLEY CORPORATE DR., STE. B, NAPA CA 94558