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ENEVF (Enerev5 Metals) Piotroski F-Score : 4 (As of Dec. 15, 2024)


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What is Enerev5 Metals Piotroski F-Score?

The zones of discrimination were as such:

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

Enerev5 Metals has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Enerev5 Metals's Piotroski F-Score or its related term are showing as below:

ENEVF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 4

During the past 13 years, the highest Piotroski F-Score of Enerev5 Metals was 4. The lowest was 2. And the median was 3.


Enerev5 Metals Piotroski F-Score Historical Data

The historical data trend for Enerev5 Metals'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.

Enerev5 Metals Piotroski F-Score Chart

Enerev5 Metals Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.00 2.00 2.00 4.00

Enerev5 Metals Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 3.00 4.00 4.00

Competitive Comparison of Enerev5 Metals's Piotroski F-Score

For the Electrical Equipment & Parts subindustry, Enerev5 Metals'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.


Enerev5 Metals's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Enerev5 Metals's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Enerev5 Metals'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 (Aug24) TTM:Last Year (Aug23) TTM:
Net Income was -0.062 + -0.067 + -0.085 + -0.05 = $-0.26 Mil.
Cash Flow from Operations was -0.021 + -0.001 + -0.008 + -0.019 = $-0.05 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Aug23)
to the end of this year (Aug24) was
(0.024 + 0.019 + 0.01 + 0.018 + 0.02) / 5 = $0.0182 Mil.
Total Assets at the begining of this year (Aug23) was $0.02 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.02 Mil.
Total Current Liabilities was $0.45 Mil.
Net Income was -0.124 + -0.262 + -0.03 + -0.071 = $-0.49 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Aug22)
to the end of last year (Aug23) was
(0.039 + 0.041 + 0.027 + 0.052 + 0.024) / 5 = $0.0366 Mil.
Total Assets at the begining of last year (Aug22) was $0.04 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.02 Mil.
Total Current Liabilities was $0.21 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.

Enerev5 Metals's current Net Income (TTM) was -0.26. ==> 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.

Enerev5 Metals's current Cash Flow from Operations (TTM) was -0.05. ==> 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 (Aug23)
=-0.264/0.024
=-11

ROA (Last Year)=Net Income/Total Assets (Aug22)
=-0.487/0.039
=-12.48717949

Enerev5 Metals's return on assets of this year was -11. Enerev5 Metals's return on assets of last year was -12.48717949. ==> 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.

Enerev5 Metals's current Net Income (TTM) was -0.26. Enerev5 Metals's current Cash Flow from Operations (TTM) was -0.05. ==> -0.05 > -0.26 ==> 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: Aug24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug23 to Aug24
=0/0.0182
=0

Gearing (Last Year: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug22 to Aug23
=0/0.0366
=0

Enerev5 Metals's gearing of this year was 0. Enerev5 Metals's gearing of last year was 0. ==> 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: Aug24)=Total Current Assets/Total Current Liabilities
=0.02/0.445
=0.04494382

Current Ratio (Last Year: Aug23)=Total Current Assets/Total Current Liabilities
=0.024/0.208
=0.11538462

Enerev5 Metals's current ratio of this year was 0.04494382. Enerev5 Metals's current ratio of last year was 0.11538462. ==> 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.

Enerev5 Metals's number of shares in issue this year was 241.083. Enerev5 Metals's number of shares in issue last year was 241.083. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Enerev5 Metals's gross margin of this year was . Enerev5 Metals's gross margin of last year was . ==> 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 (Aug23)
=0/0.024
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug22)
=0/0.039
=0

Enerev5 Metals's asset turnover of this year was 0. Enerev5 Metals's asset turnover of last year was 0. ==> 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+1+1+1+0+1+0+0
=4

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

Enerev5 Metals has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Enerev5 Metals  (OTCPK:ENEVF) 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.


Enerev5 Metals Piotroski F-Score Related Terms

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Enerev5 Metals Business Description

Traded in Other Exchanges
Address
133 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2L3
Enerev5 Metals Inc is a battery metals company focused on supplying ethically sourced copper, cobalt, and other minerals for the mobile device, electric vehicle, and grid energy storage markets, which are the foundation of the next energy revolution. The company's project portfolio includes Energy Metals Projects, Barbara Bay, Goals Met, and other projects.

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