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Dun & Bradstreet Holdings (Dun & Bradstreet Holdings) Piotroski F-Score

: 3 (As of Today)
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Warning Sign:

Piotroski F-Score of 3 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

Dun & Bradstreet Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Dun & Bradstreet Holdings's Piotroski F-Score or its related term are showing as below:

DNB' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 3

During the past 7 years, the highest Piotroski F-Score of Dun & Bradstreet Holdings was 5. The lowest was 3. And the median was 4.


Dun & Bradstreet Holdings Piotroski F-Score Historical Data

The historical data trend for Dun & Bradstreet Holdings'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.

Dun & Bradstreet Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 4.00 4.00 3.00

Dun & Bradstreet Holdings 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 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 4.00 5.00 4.00 5.00 3.00

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, Dun & Bradstreet Holdings'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.


Dun & Bradstreet Holdings Piotroski F-Score Distribution

For the Capital Markets industry and Financial Services sector, Dun & Bradstreet Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dun & Bradstreet Holdings'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 -33.7 + -19.4 + 4.4 + 1.7 = $-47 Mil.
Cash Flow from Operations was 155.7 + 58.9 + 69.1 + 168.5 = $452 Mil.
Revenue was 540.4 + 554.7 + 588.5 + 630.4 = $2,314 Mil.
Gross Profit was 344.5 + 349.7 + 382 + 406.8 = $1,483 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(9471.9 + 9303.3 + 9267.2 + 9135.2 + 9135.9) / 5 = $9262.7 Mil.
Total Assets at the begining of this year (Dec22) was $9,472 Mil.
Long-Term Debt & Capital Lease Obligation was $3,546 Mil.
Total Current Assets was $656 Mil.
Total Current Liabilities was $1,042 Mil.
Net Income was -31.3 + -1.8 + 8 + 22.8 = $-2 Mil.

Revenue was 536 + 537.3 + 556.3 + 595 = $2,225 Mil.
Gross Profit was 359.3 + 355.7 + 381.3 + 406.9 = $1,503 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(9997.2 + 9857.2 + 9696.6 + 9429.7 + 9471.9) / 5 = $9690.52 Mil.
Total Assets at the begining of last year (Dec21) was $9,997 Mil.
Long-Term Debt & Capital Lease Obligation was $3,596 Mil.
Total Current Assets was $704 Mil.
Total Current Liabilities was $1,103 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.

Dun & Bradstreet Holdings's current Net Income (TTM) was -47. ==> 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.

Dun & Bradstreet Holdings's current Cash Flow from Operations (TTM) was 452. ==> 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)
=-47/9471.9
=-0.00496205

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-2.3/9997.2
=-0.00023006

Dun & Bradstreet Holdings's return on assets of this year was -0.00496205. Dun & Bradstreet Holdings's return on assets of last year was -0.00023006. ==> 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.

Dun & Bradstreet Holdings's current Net Income (TTM) was -47. Dun & Bradstreet Holdings's current Cash Flow from Operations (TTM) was 452. ==> 452 > -47 ==> 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
=3546.3/9262.7
=0.38285813

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=3596.1/9690.52
=0.37109464

Dun & Bradstreet Holdings's gearing of this year was 0.38285813. Dun & Bradstreet Holdings's gearing of last year was 0.37109464. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=656.3/1042.4
=0.62960476

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=703.9/1102.6
=0.63840015

Dun & Bradstreet Holdings's current ratio of this year was 0.62960476. Dun & Bradstreet Holdings's current ratio of last year was 0.63840015. ==> 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.

Dun & Bradstreet Holdings's number of shares in issue this year was 431.114. Dun & Bradstreet Holdings's number of shares in issue last year was 429.268. ==> 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
=1483/2314
=0.64088159

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1503.2/2224.6
=0.67571698

Dun & Bradstreet Holdings's gross margin of this year was 0.64088159. Dun & Bradstreet Holdings's gross margin of last year was 0.67571698. ==> 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 (Dec22)
=2314/9471.9
=0.24430157

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=2224.6/9997.2
=0.22252231

Dun & Bradstreet Holdings's asset turnover of this year was 0.24430157. Dun & Bradstreet Holdings's asset turnover of last year was 0.22252231. ==> 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
=0+1+0+1+0+0+0+0+1
=3

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

Dun & Bradstreet Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Dun & Bradstreet Holdings  (NYSE:DNB) 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.


Dun & Bradstreet Holdings Piotroski F-Score Related Terms

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Dun & Bradstreet Holdings (Dun & Bradstreet Holdings) Business Description

Traded in Other Exchanges
N/A
Address
5335 Gate Parkway, Jacksonville, FL, USA, 32256
Dun & Bradstreet Holdings Inc is a provider of business decisioning data and analytics. The company operates in two segments: North America, which offers Finance & Risk and Sales & Marketing data, analytics, and business insights in the United States and Canada; and International, which offers Finance & Risk and Sales & Marketing data, analytics, and business insights directly in the U.K, Europe, Greater China, India and indirectly through its WWN alliances. The company generates maximum revenue from the North American region. Other services provided by the company include digital marketing, sales acceleration, and risk management among others.
Executives
Thomas H. Lee Equity Fund Viii, L.p. director, 10 percent owner C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, BOSTON MA 02110
Thomas H. Lee Advisors, Llc director, 10 percent owner C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Anthony Jr Pietrontone officer: Chief Accounting Officer C/O DUN & BRADSTREET HOLDINGS, INC., 5335 GATE PARKWAY, JACKSONVILLE FL 32256
Kirsten Marie Kliphouse director 531 SOUTH SPRING STREET, BURLINGTON NC 27215
Bryan T. Hipsher officer: Chief Financial Officer C/O DUN & BRADSTREET HOLDINGS, INC., 5335 GATE PARKWAY, JACKSONVILLE FL 32256
Foley William P Ii director, 10 percent owner, other: Chairman of the Board FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Anthony M Jabbour director, officer: Chief Executive Officer 601 RIVERSIDE AVE, JACKSONVILLE FL 32204
Richard N Massey director 900 S. SHACKLEFORD ROAD, SUITE 401, LITTLE ROCK AR 72211
Virginia Green Gomez officer: President, North America 5335 GATE PKWY, JACKSONVILLE FL 32256
Cannae Holdings, Inc. director, 10 percent owner C/O CANNAE HOLDINGS, INC., 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Chinh Chu director, 10 percent owner THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Thl Equity Fund Viii Investors (d&b), L.p. director, 10 percent owner C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Black Knight Financial Services, Inc. director, 10 percent owner 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Dnb Holdco, Llc director, 10 percent owner 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Black Knight, Inc. director, 10 percent owner 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204