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Digital Media Solutions (Digital Media Solutions) Piotroski F-Score : 1 (As of May. 24, 2024)


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What is Digital Media Solutions 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

Digital Media Solutions 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 Digital Media Solutions's Piotroski F-Score or its related term are showing as below:

DMSL' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 1

During the past 7 years, the highest Piotroski F-Score of Digital Media Solutions was 7. The lowest was 1. And the median was 4.


Digital Media Solutions Piotroski F-Score Historical Data

The historical data trend for Digital Media Solutions'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.

Digital Media Solutions Piotroski F-Score Chart

Digital Media Solutions Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 3.00 6.00 7.00 2.00 1.00

Digital Media Solutions 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 3.00 3.00 1.00 1.00

Competitive Comparison of Digital Media Solutions's Piotroski F-Score

For the Advertising Agencies subindustry, Digital Media Solutions'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.


Digital Media Solutions's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Digital Media Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Digital Media Solutions'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 -28.94 + -10.662 + -29.481 + -25.387 = $-94.5 Mil.
Cash Flow from Operations was -5.991 + -2.066 + 4.96 + -2.44 = $-5.5 Mil.
Revenue was 82.551 + 76.033 + 86.051 + 70.709 = $315.3 Mil.
Gross Profit was 19.208 + 17.527 + 23.893 + 14.302 = $74.9 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(238.807 + 177.912 + 168.972 + 147.287 + 136.018) / 5 = $173.7992 Mil.
Total Assets at the begining of this year (Mar23) was $238.8 Mil.
Long-Term Debt & Capital Lease Obligation was $299.3 Mil.
Total Current Assets was $57.7 Mil.
Total Current Liabilities was $58.6 Mil.
Net Income was -6.982 + -6.111 + -15.352 + -12.598 = $-41.0 Mil.

Revenue was 91.197 + 90.066 + 100.776 + 90.313 = $372.4 Mil.
Gross Profit was 23.413 + 23.688 + 24.953 + 22.271 = $94.3 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(241.469 + 230.485 + 217.937 + 227.621 + 238.807) / 5 = $231.2638 Mil.
Total Assets at the begining of last year (Mar22) was $241.5 Mil.
Long-Term Debt & Capital Lease Obligation was $256.1 Mil.
Total Current Assets was $83.1 Mil.
Total Current Liabilities was $63.8 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.

Digital Media Solutions's current Net Income (TTM) was -94.5. ==> 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.

Digital Media Solutions's current Cash Flow from Operations (TTM) was -5.5. ==> 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)
=-94.47/238.807
=-0.39559142

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-41.043/241.469
=-0.16997213

Digital Media Solutions's return on assets of this year was -0.39559142. Digital Media Solutions's return on assets of last year was -0.16997213. ==> 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.

Digital Media Solutions's current Net Income (TTM) was -94.5. Digital Media Solutions's current Cash Flow from Operations (TTM) was -5.5. ==> -5.5 > -94.5 ==> 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
=299.306/173.7992
=1.72213681

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=256.092/231.2638
=1.10735878

Digital Media Solutions's gearing of this year was 1.72213681. Digital Media Solutions's gearing of last year was 1.10735878. ==> 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
=57.74/58.625
=0.98490405

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=83.148/63.841
=1.30242321

Digital Media Solutions's current ratio of this year was 0.98490405. Digital Media Solutions's current ratio of last year was 1.30242321. ==> 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.

Digital Media Solutions's number of shares in issue this year was 4.287. Digital Media Solutions's number of shares in issue last year was 2.695. ==> 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
=74.93/315.344
=0.23761353

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=94.325/372.352
=0.25332213

Digital Media Solutions's gross margin of this year was 0.23761353. Digital Media Solutions's gross margin of last year was 0.25332213. ==> 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)
=315.344/238.807
=1.32049731

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=372.352/241.469
=1.54202817

Digital Media Solutions's asset turnover of this year was 1.32049731. Digital Media Solutions's asset turnover of last year was 1.54202817. ==> 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

Digital Media Solutions has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Digital Media Solutions  (OTCPK:DMSL) 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.


Digital Media Solutions Piotroski F-Score Related Terms

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Digital Media Solutions (Digital Media Solutions) Business Description

Traded in Other Exchanges
N/A
Address
4800 140th Avenue North, Suite 101, Clearwater, FL, USA, 33762
Digital Media Solutions Inc is a provider of technology enabled digital performance advertising solutions connecting consumers and advertisers. The activities are divided into three segments namely Brand Direct, Marketplace and Technology Solutions.
Executives
Elizabeth A. Lapuma director 520 LAKE COOK ROAD, SUITE 315, DEERFIELD IL 60015
Neil Nguyen director 750 W. JOHN CARPENTER FREEWAY, 7TH FLOOR, IRVING TX 75039
Scott N Flanders director PLAYBOY ENT., INC. - H. SHAPIRO, 680 N LAKE SHORE DRIVE, CHICAGO IL 60611
Vanessa Guzman-clark officer: Interim CFO 1831 SOUTHWEST 6TH AVENUE, CAPE CORAL FL 33991
Jessica Jones officer: EVP, Human Resources 4800 140TH AVENUE N., SUITE 101, CLEARWATER FL 33762
Maurissa Bell director C/O CLAIRVEST GROUP INC., 22 ST. CLAIR AVENUE EAST, SUITE 1700, TORONTO A6 M4T 2S3
Vasundara Srenivas officer: Chief Financial Officer 4800 140TH AVENUE N., SUITE 101, CLEARWATER FL 33762
Richard Rodick officer: Chief Financial Officer C/O UTI, SERVICES, INC., 100 OCEANGATE, SUITE 1500, LONG BEACH CA 90802
Anthony Saldana officer: General Counsel, EVP Legal 4800 140TH AVENUE N., SUITE 101, CLEARWATER FL 33762
Prism Data, Llc 10 percent owner 4800 140TH AVENUE N., SUITE 101, CLEARWATER FL 33762
Capital Llp Lion 10 percent owner 21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Lion Capital Iv Gp Ltd 10 percent owner 21 GROSVENOR PLACE, LONDON X0 SW1X7HF
Lion Capital (guernsey) Bridgeco Ltd 10 percent owner TRAFALGAR COURT, LES BANQUES, ST PETER PORT Y7 000000
Lyndon Lea director, officer: See Remarks 21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Fernando Borghese director, officer: Chief Operating Officer 4800 140TH AVENUE N., SUITE 101, CLEARWATER FL 33762