GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » eXp World Holdings Inc (FRA:44Y) » Definitions » Piotroski F-Score

eXp World Holdings (FRA:44Y) Piotroski F-Score : 5 (As of Dec. 14, 2024)


View and export this data going back to 2021. Start your Free Trial

What is eXp World Holdings 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

eXp World Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

FRA:44Y' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of eXp World Holdings was 8. The lowest was 3. And the median was 5.


eXp World Holdings Piotroski F-Score Historical Data

The historical data trend for eXp World 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.

eXp World Holdings Piotroski F-Score Chart

eXp World Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 5.00 7.00 5.00

eXp World Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.00 5.00 5.00 5.00 5.00

Competitive Comparison of eXp World Holdings's Piotroski F-Score

For the Real Estate Services subindustry, eXp World 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.


eXp World Holdings's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, eXp World Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where eXp World 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was -19.438 + -14.388 + 11.504 + -7.664 = €-30 Mil.
Cash Flow from Operations was 29.908 + 55.802 + 66.096 + 41.445 = €193 Mil.
Revenue was 906.677 + 867.61 + 1203.282 + 1109.299 = €4,087 Mil.
Gross Profit was 68.052 + 72.043 + 90.648 + 78.974 = €310 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(396.222 + 353.658 + 392.609 + 424.953 + 389.799) / 5 = €391.4482 Mil.
Total Assets at the begining of this year (Sep23) was €396 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Total Current Assets was €279 Mil.
Total Current Liabilities was €200 Mil.
Net Income was -6.798 + 1.357 + 8.697 + 1.264 = €5 Mil.

Revenue was 881.125 + 792.455 + 1136.32 + 1136.387 = €3,946 Mil.
Gross Profit was 78.411 + 66.888 + 88.147 + 77.511 = €311 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(445.276 + 360.308 + 387.921 + 445.608 + 396.222) / 5 = €407.067 Mil.
Total Assets at the begining of last year (Sep22) was €445 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Total Current Assets was €281 Mil.
Total Current Liabilities was €161 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.

eXp World Holdings's current Net Income (TTM) was -30. ==> 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.

eXp World Holdings's current Cash Flow from Operations (TTM) was 193. ==> 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 (Sep23)
=-29.986/396.222
=-0.0756798

ROA (Last Year)=Net Income/Total Assets (Sep22)
=4.52/445.276
=0.01015101

eXp World Holdings's return on assets of this year was -0.0756798. eXp World Holdings's return on assets of last year was 0.01015101. ==> 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.

eXp World Holdings's current Net Income (TTM) was -30. eXp World Holdings's current Cash Flow from Operations (TTM) was 193. ==> 193 > -30 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=0/391.4482
=0

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0/407.067
=0

eXp World Holdings's gearing of this year was 0. eXp World Holdings'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: Sep24)=Total Current Assets/Total Current Liabilities
=278.936/199.6
=1.39747495

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=280.922/161.099
=1.74378488

eXp World Holdings's current ratio of this year was 1.39747495. eXp World Holdings's current ratio of last year was 1.74378488. ==> 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.

eXp World Holdings's number of shares in issue this year was 153.26. eXp World Holdings's number of shares in issue last year was 158.184. ==> 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
=309.717/4086.868
=0.07578346

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=310.957/3946.287
=0.07879736

eXp World Holdings's gross margin of this year was 0.07578346. eXp World Holdings's gross margin of last year was 0.07879736. ==> 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 (Sep23)
=4086.868/396.222
=10.31459131

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=3946.287/445.276
=8.86256389

eXp World Holdings's asset turnover of this year was 10.31459131. eXp World Holdings's asset turnover of last year was 8.86256389. ==> 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+1+0+1+0+1
=5

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

eXp World Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

eXp World Holdings  (FRA:44Y) 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.


eXp World Holdings Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of eXp World Holdings's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


eXp World Holdings Business Description

Traded in Other Exchanges
Address
2219 Rimland Drive, Suite 301, Bellingham, WA, USA, 98226
eXp World Holdings Inc is a cloud-based residential real estate company. The company owns and operates a cloud-based real estate brokerage and a technology platform business that develops and uses immersive technologies that help businesses increase their effectiveness and reduce costs from operating in traditional brick-and-mortar office spaces. Its business categories include Real Estate Brokerage, Technology Products and Services, Title, Escrow, Settlement Services, and Mortgage Brokerage Services. The company mainly operates in the United States and Canada, and it also has operations in the United Kingdom, Australia, South Africa, France, India, Portugal, and Mexico, among others.

eXp World Holdings Headlines

No Headlines