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SEMrush Holdings (FRA:628) Piotroski F-Score : 7 (As of Jun. 21, 2024)


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What is SEMrush 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

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

FRA:628' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 8
Current: 7

During the past 5 years, the highest Piotroski F-Score of SEMrush Holdings was 8. The lowest was 2. And the median was 3.


SEMrush Holdings Piotroski F-Score Historical Data

The historical data trend for SEMrush 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.

SEMrush Holdings Piotroski F-Score Chart

SEMrush Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 8.00 2.00 6.00

SEMrush Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.00 2.00 3.00 6.00 7.00

Competitive Comparison of SEMrush Holdings's Piotroski F-Score

For the Software - Application subindustry, SEMrush 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.


SEMrush Holdings's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, SEMrush Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SEMrush 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was -0.258 + 3.949 + 6.303 + 1.967 = €12.0 Mil.
Cash Flow from Operations was -5.828 + 5.956 + 10.594 + 13.597 = €24.3 Mil.
Revenue was 68.942 + 73.759 + 76.472 + 78.947 = €298.1 Mil.
Gross Profit was 56.968 + 61.548 + 63.924 + 65.474 = €247.9 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(275.997 + 271.26 + 282.938 + 303.976 + 314.392) / 5 = €289.7126 Mil.
Total Assets at the begining of this year (Mar23) was €276.0 Mil.
Long-Term Debt & Capital Lease Obligation was €8.4 Mil.
Total Current Assets was €254.6 Mil.
Total Current Liabilities was €92.5 Mil.
Net Income was -7.837 + -9.183 + -13.123 + -9.209 = €-39.4 Mil.

Revenue was 59.229 + 66.451 + 64.933 + 66.193 = €256.8 Mil.
Gross Profit was 47.311 + 53.922 + 53.64 + 54.388 = €209.3 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(279.162 + 285.925 + 296.723 + 281.963 + 275.997) / 5 = €283.954 Mil.
Total Assets at the begining of last year (Mar22) was €279.2 Mil.
Long-Term Debt & Capital Lease Obligation was €7.5 Mil.
Total Current Assets was €238.3 Mil.
Total Current Liabilities was €86.9 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.

SEMrush Holdings's current Net Income (TTM) was 12.0. ==> 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.

SEMrush Holdings's current Cash Flow from Operations (TTM) was 24.3. ==> 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 (Mar23)
=11.961/275.997
=0.04333743

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-39.352/279.162
=-0.14096474

SEMrush Holdings's return on assets of this year was 0.04333743. SEMrush Holdings's return on assets of last year was -0.14096474. ==> 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.

SEMrush Holdings's current Net Income (TTM) was 12.0. SEMrush Holdings's current Cash Flow from Operations (TTM) was 24.3. ==> 24.3 > 12.0 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=8.418/289.7126
=0.02905638

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=7.511/283.954
=0.02645147

SEMrush Holdings's gearing of this year was 0.02905638. SEMrush Holdings's gearing of last year was 0.02645147. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=254.643/92.484
=2.75337356

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=238.292/86.858
=2.74346635

SEMrush Holdings's current ratio of this year was 2.75337356. SEMrush Holdings's current ratio of last year was 2.74346635. ==> 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.

SEMrush Holdings's number of shares in issue this year was 147.698. SEMrush Holdings's number of shares in issue last year was 141.65. ==> 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
=247.914/298.12
=0.83159131

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=209.261/256.806
=0.81486024

SEMrush Holdings's gross margin of this year was 0.83159131. SEMrush Holdings's gross margin of last year was 0.81486024. ==> This year's gross margin is higher. ==> Score 1.

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 (Mar23)
=298.12/275.997
=1.08015667

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=256.806/279.162
=0.91991747

SEMrush Holdings's asset turnover of this year was 1.08015667. SEMrush Holdings's asset turnover of last year was 0.91991747. ==> 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+0+1+0+1+1
=7

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

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

SEMrush Holdings  (FRA:628) 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.


SEMrush Holdings Piotroski F-Score Related Terms

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SEMrush Holdings (FRA:628) Business Description

Comparable Companies
Traded in Other Exchanges
Address
800 Boylston Street, Suite 2475, Boston, MA, USA, 02199
SEMrush Holdings Inc is engaged in the provision of an online visibility management software-as-a-service platform. Its platform enables subscribers to improve their online visibility and drive traffic, including on their websites and social media pages, and distribute highly relevant content to their customers on a targeted basis across various channels to drive high-quality traffic and measure the effectiveness of their digital marketing campaigns. Geographically, it generates revenues from the US, the UK, and other regions.

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