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Shimao Services Holdings (FRA:5GO) Piotroski F-Score : 7 (As of Apr. 05, 2025)


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What is Shimao Services Holdings Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Shimao Services Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:5GO' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 7   Max: 8
Current: 7

During the past 8 years, the highest Piotroski F-Score of Shimao Services Holdings was 8. The lowest was 1. And the median was 7.


Shimao Services Holdings Piotroski F-Score Historical Data

The historical data trend for Shimao Services 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.

Shimao Services Holdings Piotroski F-Score Chart

Shimao Services Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial 8.00 3.00 1.00 7.00 -

Shimao Services Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 1.00 - 7.00 - -

Competitive Comparison of Shimao Services Holdings's Piotroski F-Score

For the Real Estate Services subindustry, Shimao Services 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.


Shimao Services Holdings's Piotroski F-Score Distribution in the Real Estate Industry

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

* The bar in red indicates where Shimao Services Holdings's Piotroski F-Score falls into.


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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 €35 Mil.
Cash Flow from Operations was €132 Mil.
Revenue was €1,053 Mil.
Gross Profit was €211 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (1976.847 + 1828.816) / 2 = €1902.8315 Mil.
Total Assets at the begining of this year (Dec22) was €1,977 Mil.
Long-Term Debt & Capital Lease Obligation was €13 Mil.
Total Current Assets was €1,179 Mil.
Total Current Liabilities was €673 Mil.
Net Income was €-126 Mil.

Revenue was €1,169 Mil.
Gross Profit was €263 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (2523.355 + 1976.847) / 2 = €2250.101 Mil.
Total Assets at the begining of last year (Dec21) was €2,523 Mil.
Long-Term Debt & Capital Lease Obligation was €41 Mil.
Total Current Assets was €1,257 Mil.
Total Current Liabilities was €752 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.

Shimao Services Holdings's current Net Income (TTM) was 35. ==> Positive ==> Score 1.

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.

Shimao Services Holdings's current Cash Flow from Operations (TTM) was 132. ==> 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)
=35.092/1976.847
=0.0177515

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-125.536/2523.355
=-0.04974964

Shimao Services Holdings's return on assets of this year was 0.0177515. Shimao Services Holdings's return on assets of last year was -0.04974964. ==> 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.

Shimao Services Holdings's current Net Income (TTM) was 35. Shimao Services Holdings's current Cash Flow from Operations (TTM) was 132. ==> 132 > 35 ==> 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
=13.323/1902.8315
=0.00700167

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=41.334/2250.101
=0.01836984

Shimao Services Holdings's gearing of this year was 0.00700167. Shimao Services Holdings's gearing of last year was 0.01836984. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=1179.293/673.44
=1.75114784

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1257.362/751.871
=1.67231081

Shimao Services Holdings's current ratio of this year was 1.75114784. Shimao Services Holdings's current ratio of last year was 1.67231081. ==> This year's current ratio is higher. ==> Score 1.

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.

Shimao Services Holdings's number of shares in issue this year was 2475.765. Shimao Services Holdings's number of shares in issue last year was 2464.126. ==> 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
=211.448/1053.45
=0.20071954

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=263.085/1169.464
=0.22496203

Shimao Services Holdings's gross margin of this year was 0.20071954. Shimao Services Holdings's gross margin of last year was 0.22496203. ==> 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)
=1053.45/1976.847
=0.53289405

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=1169.464/2523.355
=0.46345599

Shimao Services Holdings's asset turnover of this year was 0.53289405. Shimao Services Holdings's asset turnover of last year was 0.46345599. ==> 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
=1+1+1+1+1+1+0+0+1
=7

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

Shimao Services Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Shimao Services Holdings  (FRA:5GO) 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.


Shimao Services Holdings Piotroski F-Score Related Terms

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Shimao Services Holdings Business Description

Traded in Other Exchanges
Address
No. 55, West Weifang Road, 26th Floor, Shanghai Shimao Tower, Shanghai, CHN, 200120
Shimao Services Holdings Ltd is a property management and community living service provider in the PRC. The company operates in business in four segments namely property management services; community value-added services; value-added services to non-property owners and city services. It offers a wide range of property management services to property developers, property owners and residents. Its value-added services to non-property owners include sales office management services; preliminary planning and design consultancy services; and repair and maintenance services. It derives maximum revenue from Property management services.

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