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FNGR (FingerMotion) Piotroski F-Score : 1 (As of Mar. 23, 2025)


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What is FingerMotion 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

FingerMotion 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 FingerMotion's Piotroski F-Score or its related term are showing as below:

FNGR' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 6
Current: 1

During the past 11 years, the highest Piotroski F-Score of FingerMotion was 6. The lowest was 1. And the median was 3.


FingerMotion Piotroski F-Score Historical Data

The historical data trend for FingerMotion'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.

FingerMotion Piotroski F-Score Chart

FingerMotion Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.00 5.00 2.00 3.00

FingerMotion Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 3.00 3.00 2.00 1.00 1.00

Competitive Comparison of FingerMotion's Piotroski F-Score

For the Telecom Services subindustry, FingerMotion'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.


FingerMotion's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, FingerMotion's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where FingerMotion'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 (Nov24) TTM:Last Year (Nov23) TTM:
Net Income was -0.414 + -1.656 + -1.688 + -1.661 = $-5.42 Mil.
Cash Flow from Operations was -1.251 + -1.41 + -1.494 + -1.683 = $-5.84 Mil.
Revenue was 8.203 + 8.374 + 8.459 + 8.534 = $33.57 Mil.
Gross Profit was 0.72 + 0.682 + 0.301 + 0.444 = $2.15 Mil.
Average Total Assets from the begining of this year (Nov23)
to the end of this year (Nov24) was
(17.571 + 18.815 + 26.31 + 30.189 + 31.942) / 5 = $24.9654 Mil.
Total Assets at the begining of this year (Nov23) was $17.57 Mil.
Long-Term Debt & Capital Lease Obligation was $0.04 Mil.
Total Current Assets was $31.75 Mil.
Total Current Liabilities was $22.32 Mil.
Net Income was -2.036 + -1.265 + -0.134 + -1.944 = $-5.38 Mil.

Revenue was 12.813 + 12.169 + 9.279 + 6.14 = $40.40 Mil.
Gross Profit was 0.665 + 0.663 + 1.842 + 0.638 = $3.81 Mil.
Average Total Assets from the begining of last year (Nov22)
to the end of last year (Nov23) was
(21.902 + 17.547 + 14.597 + 20.295 + 17.571) / 5 = $18.3824 Mil.
Total Assets at the begining of last year (Nov22) was $21.90 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $17.44 Mil.
Total Current Liabilities was $4.92 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.

FingerMotion's current Net Income (TTM) was -5.42. ==> 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.

FingerMotion's current Cash Flow from Operations (TTM) was -5.84. ==> 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 (Nov23)
=-5.419/17.571
=-0.3084059

ROA (Last Year)=Net Income/Total Assets (Nov22)
=-5.379/21.902
=-0.24559401

FingerMotion's return on assets of this year was -0.3084059. FingerMotion's return on assets of last year was -0.24559401. ==> 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.

FingerMotion's current Net Income (TTM) was -5.42. FingerMotion's current Cash Flow from Operations (TTM) was -5.84. ==> -5.84 <= -5.42 ==> CFROA <= ROA ==> Score 0.

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: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=0.04/24.9654
=0.00160222

Gearing (Last Year: Nov23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov22 to Nov23
=0/18.3824
=0

FingerMotion's gearing of this year was 0.00160222. FingerMotion's gearing of last year was 0. ==> 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: Nov24)=Total Current Assets/Total Current Liabilities
=31.746/22.319
=1.42237555

Current Ratio (Last Year: Nov23)=Total Current Assets/Total Current Liabilities
=17.435/4.924
=3.54082047

FingerMotion's current ratio of this year was 1.42237555. FingerMotion's current ratio of last year was 3.54082047. ==> 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.

FingerMotion's number of shares in issue this year was 53.327. FingerMotion's number of shares in issue last year was 52.527. ==> 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
=2.147/33.57
=0.06395591

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3.808/40.401
=0.09425509

FingerMotion's gross margin of this year was 0.06395591. FingerMotion's gross margin of last year was 0.09425509. ==> 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 (Nov23)
=33.57/17.571
=1.9105344

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov22)
=40.401/21.902
=1.84462606

FingerMotion's asset turnover of this year was 1.9105344. FingerMotion's asset turnover of last year was 1.84462606. ==> 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+0+0+0+0+0+0+0+1
=1

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

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

FingerMotion  (NAS:FNGR) 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.


FingerMotion Piotroski F-Score Related Terms

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FingerMotion Business Description

Traded in Other Exchanges
N/A
Address
111 Somerset Road, Level 3, Singapore, SGP, 238164
FingerMotion Inc is engaged in the provision of mobile payment and recharge services in the Chinese market. The company business line includes Telecommunications Products and Services; Value Added Products and Services; Short Message Services (SMS) and Multimedia Messaging Services (MMS); a Rich Communication Services (RCS) platform; Big Data Insights; and a Video Games Division (inactive). It principally earns revenue by providing mobile payment and recharge services to customers of telecommunications companies in China.
Executives
Yew Poh Leong director 61 SPRINGSIDE VIEW, SINGAPORE U0 786060
Martin Chung-wen Shen officer: CEO and CFO 1322 W. KING EDWARD AVE., VANCOUVER A1 V6H 1Z9
Chee Ming Cheong 10 percent owner UNIT A 19/F TIMES MEDIA CENTRE, 133 WAN CHAI ROAD, WAN CHAI K3 --
Eng Ho Ng director 159 JALAN KAMPONG CHANTEK, SINGAPORE U0 587887
Yew Hon Lee officer: Chief Financial Officer NO 5, JALAN BRP 3/3C, SUNWAY RAHMAN PUTR, SEKSYEN U20, SHAH ALAM., SELANGOR N8 40160
Yang Yeat Choe 10 percent owner 6-9-1 V SQUARE PJ CITY CENTRE, JALAN UTARA, PETALING JAYA, SELANGOR N8 46200
Chan Michael K H director 15-07, 70 BAYSHORE ROAD, COSTA DEL SOL U0 469987
Charles Thomas Mcmillen director 1103 SOUTH CAROLINA AVENUE, WASHINGTON DC 20003
Hsien Loong Wong director, 10 percent owner, officer: CEO, CFO, and Director 6 WINDSOR PARK HILL, SINGAPORE U0 574198
Michael Thomas Brigante director, 10 percent owner, officer: CEO, President, CFO 17 DANIEL DRIVE, HILLSBOROUGH NJ 08844