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Dine Brands Global (Dine Brands Global) Piotroski F-Score

: 7 (As of Today)
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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

Dine Brands Global 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 Dine Brands Global's Piotroski F-Score or its related term are showing as below:

DIN' 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 Dine Brands Global was 9. The lowest was 3. And the median was 6.


Dine Brands Global Piotroski F-Score Historical Data

The historical data trend for Dine Brands Global'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.

Dine Brands Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 4.00 7.00 6.00 7.00

Dine Brands Global Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 6.00 6.00 7.00

Competitive Comparison

For the Restaurants subindustry, Dine Brands Global'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.


Dine Brands Global Piotroski F-Score Distribution

For the Restaurants industry and Consumer Cyclical sector, Dine Brands Global's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dine Brands Global'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 27.41 + 18.248 + 18.479 + 33.039 = $97.2 Mil.
Cash Flow from Operations was 16.076 + 26.608 + 36.622 + 51.834 = $131.1 Mil.
Revenue was 213.767 + 208.415 + 202.584 + 206.302 = $831.1 Mil.
Gross Profit was 103.616 + 97.342 + 97.298 + 98.428 = $396.7 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(1881.491 + 1758.069 + 1666.553 + 1659.581 + 1740.287) / 5 = $1741.1962 Mil.
Total Assets at the begining of this year (Dec22) was $1,881.5 Mil.
Long-Term Debt & Capital Lease Obligation was $1,415.0 Mil.
Total Current Assets was $357.8 Mil.
Total Current Liabilities was $460.5 Mil.
Net Income was 24.85 + 23.962 + 20.948 + 11.351 = $81.1 Mil.

Revenue was 230.423 + 237.794 + 233.22 + 207.965 = $909.4 Mil.
Gross Profit was 92.753 + 95.695 + 94.331 + 94.579 = $377.4 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(1999.366 + 1888.283 + 1881.766 + 1972.021 + 1881.491) / 5 = $1924.5854 Mil.
Total Assets at the begining of last year (Dec21) was $1,999.4 Mil.
Long-Term Debt & Capital Lease Obligation was $1,575.8 Mil.
Total Current Assets was $479.8 Mil.
Total Current Liabilities was $470.7 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.

Dine Brands Global's current Net Income (TTM) was 97.2. ==> 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.

Dine Brands Global's current Cash Flow from Operations (TTM) was 131.1. ==> 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 (Dec22)
=97.176/1881.491
=0.0516484

ROA (Last Year)=Net Income/Total Assets (Dec21)
=81.111/1999.366
=0.04056836

Dine Brands Global's return on assets of this year was 0.0516484. Dine Brands Global's return on assets of last year was 0.04056836. ==> 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.

Dine Brands Global's current Net Income (TTM) was 97.2. Dine Brands Global's current Cash Flow from Operations (TTM) was 131.1. ==> 131.1 > 97.2 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1414.97/1741.1962
=0.81264248

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1575.755/1924.5854
=0.81875037

Dine Brands Global's gearing of this year was 0.81264248. Dine Brands Global's gearing of last year was 0.81875037. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=357.778/460.452
=0.77701476

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=479.764/470.722
=1.01920879

Dine Brands Global's current ratio of this year was 0.77701476. Dine Brands Global's current ratio of last year was 1.01920879. ==> 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.

Dine Brands Global's number of shares in issue this year was 15.107. Dine Brands Global's number of shares in issue last year was 15.367. ==> 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
=396.684/831.068
=0.47731834

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=377.358/909.402
=0.4149518

Dine Brands Global's gross margin of this year was 0.47731834. Dine Brands Global's gross margin of last year was 0.4149518. ==> 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 (Dec22)
=831.068/1881.491
=0.44170714

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=909.402/1999.366
=0.45484519

Dine Brands Global's asset turnover of this year was 0.44170714. Dine Brands Global's asset turnover of last year was 0.45484519. ==> 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+1+1+1+0+1+1+0
=7

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

Dine Brands Global has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Dine Brands Global  (NYSE:DIN) 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.


Dine Brands Global Piotroski F-Score Related Terms

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Dine Brands Global (Dine Brands Global) Business Description

Traded in Other Exchanges
N/A
Address
450 North Brand Boulevard, Glendale, CA, USA, 91203-2346
Dine Brands Global Inc owns and franchises thousands of restaurants under the Applebee's and International House of Pancakes names. Almost all company restaurants are located in the United States and franchised. Royalty revenue, which the company gets from franchisees based on franchisees' sales, accounts for roughly three-quarters of total company revenue. The company also earns revenue by leasing restaurant sites to franchisees. The company has four reportable segments Franchise operations, (an aggregation of Applebee's and IHOP franchise operations), Rental operations, Financing operations, and Company-operated restaurant operations. The majority of revenue is derived from the Franchise operations segment.
Executives
Vance Yuwen Chang officer: Chief Financial Officer 5780 UPLANDER WAY, CULVER CITY CA 90230
John W. Peyton director, officer: Chief Executive Officer 175 PARK AVENUE, MADISON NJ 07940
Michael Hyter director 450 N BRAND BLVD., GLENDALE CA 91203
Jay D. Johns officer: President, IHOP Business Unit 450 NORTH BRAND BLVD, GLENDALE CA 91203
Lilian Tomovich director 2028 GROUSE STREET, LAS VEGAS NV 89134
Richard J Dahl director DOLE FOOD CO, 1 DOLE DRIVE, WESTLAKE CA 91362
Caroline W Nahas director 450 NORTH BRAND BLVD 7TH FL, GLENDALE CA 91203
Martha Poulter director C/O STARWOOD HOTELS & RESORTS WORLDWIDE, ONE STARPOINT, STAMFORD CT 06902
Christine K. Son officer: SVP, Legal, GC and Secretary 450 N. BRAND BLVD., 7TH FLOOR, GLENDALE CA 91203
Susan Collyns director 6053 W CENTURY BLVD STE 1100, C/O CALIFORNIA PIZZA KITCHEN INC, LOS ANGLES CA 90045-6430
Tony E. Moralejo officer: President, Applebee's 450 N BRAND BLVD, 7TH FLOOR, GLENDALE CA 91203
Douglas M Pasquale director 245 FICHER AVE STE D-1, COSTA MESA CA 92626
Artie Starrs director 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Gregg Lemkau director 645 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10022
Marc R Lisker director 645 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10022-5910