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Informatica (FRA:INZ) Piotroski F-Score : 6 (As of Jun. 25, 2024)


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What is Informatica 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

Informatica has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:INZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Informatica was 9. The lowest was 4. And the median was 6.


Informatica Piotroski F-Score Historical Data

The historical data trend for Informatica'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.

Informatica Piotroski F-Score Chart

Informatica Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 5.00 6.00 7.00

Informatica Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 8.00 9.00 7.00 7.00 6.00

Competitive Comparison of Informatica's Piotroski F-Score

For the Software - Application subindustry, Informatica'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.


Informatica's Piotroski F-Score Distribution in the Software Industry

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

* The bar in red indicates where Informatica'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 (Jun15) TTM:Last Year (Jun14) TTM:
Net Income was 17.703 + 35.353 + 19.919 + 16.825 = €89.8 Mil.
Cash Flow from Operations was 31.796 + 73.1 + 61.206 + 38.318 = €204.4 Mil.
Revenue was 194.31 + 246.336 + 231.495 + 233.323 = €905.5 Mil.
Gross Profit was 155.448 + 204.688 + 188.366 + 190.743 = €739.2 Mil.
Average Total Assets from the begining of this year (Jun14)
to the end of this year (Jun15) was
(1299.302 + 1316.193 + 1483.794 + 1411.691 + 1431.475) / 5 = €1388.491 Mil.
Total Assets at the begining of this year (Jun14) was €1,299.3 Mil.
Long-Term Debt & Capital Lease Obligation was €0.0 Mil.
Total Current Assets was €743.2 Mil.
Total Current Liabilities was €422.3 Mil.
Net Income was 7.782 + 29.14 + 17.969 + 16.802 = €71.7 Mil.

Revenue was 176.075 + 201.508 + 175.759 + 184.525 = €737.9 Mil.
Gross Profit was 141.999 + 167.02 + 141.537 + 148.403 = €599.0 Mil.
Average Total Assets from the begining of last year (Jun13)
to the end of last year (Jun14) was
(1186.28 + 1192.436 + 1257.805 + 1253.18 + 1299.302) / 5 = €1237.8006 Mil.
Total Assets at the begining of last year (Jun13) was €1,186.3 Mil.
Long-Term Debt & Capital Lease Obligation was €0.0 Mil.
Total Current Assets was €707.1 Mil.
Total Current Liabilities was €317.5 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.

Informatica's current Net Income (TTM) was 89.8. ==> 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.

Informatica's current Cash Flow from Operations (TTM) was 204.4. ==> 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 (Jun14)
=89.8/1299.302
=0.06911403

ROA (Last Year)=Net Income/Total Assets (Jun13)
=71.693/1186.28
=0.06043514

Informatica's return on assets of this year was 0.06911403. Informatica's return on assets of last year was 0.06043514. ==> 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.

Informatica's current Net Income (TTM) was 89.8. Informatica's current Cash Flow from Operations (TTM) was 204.4. ==> 204.4 > 89.8 ==> 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: Jun15)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun14 to Jun15
=0/1388.491
=0

Gearing (Last Year: Jun14)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun13 to Jun14
=0/1237.8006
=0

Informatica's gearing of this year was 0. Informatica'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: Jun15)=Total Current Assets/Total Current Liabilities
=743.151/422.307
=1.75974114

Current Ratio (Last Year: Jun14)=Total Current Assets/Total Current Liabilities
=707.084/317.471
=2.22723965

Informatica's current ratio of this year was 1.75974114. Informatica's current ratio of last year was 2.22723965. ==> 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.

Informatica's number of shares in issue this year was 106.565. Informatica's number of shares in issue last year was 111.601. ==> 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
=739.245/905.464
=0.81642672

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=598.959/737.867
=0.81174385

Informatica's gross margin of this year was 0.81642672. Informatica's gross margin of last year was 0.81174385. ==> 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 (Jun14)
=905.464/1299.302
=0.69688494

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun13)
=737.867/1186.28
=0.62200071

Informatica's asset turnover of this year was 0.69688494. Informatica's asset turnover of last year was 0.62200071. ==> 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+0+1+1+1
=8

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

Informatica has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Informatica  (FRA:INZ) 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.


Informatica Piotroski F-Score Related Terms

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Informatica (FRA:INZ) Business Description

Traded in Other Exchanges
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Address
Informatica Corp was incorporated in California in February 1993 and reincorporated in Delaware in April 1999. The Company is a provider of enterprise data integration and data quality software and services. The Company handles a variety of complex enterprise-wide data integration initiatives, including data warehousing, data migration, data synchronization, data quality, data services, cross-enterprise data exchange and integration competency centers. The following products are included in the Informatica Platform: Informatica PowerCenter, Informatica PowerExchange, Informatica Data Services, Informatica Data Quality, Informatica Master Data Management, Informatica B2B Data Exchange, Informatica Application Information Lifecycle Management, Informatica Data Replication, Informatica Complex Event Processing, Informatica Complex Event Processing, Informatica Ultra Messaging, Informatica Cloud Data Integration, and Informatica Cloud Services. Informatica PowerExchange is a family of data access products that enable IT organizations to access virtually all sources of enterprise data without having to develop custom data access programs. Informatica Data Services makes provisioning - finding, integrating, and managing - data across the enterprise fast, easy, and cost-effective. Informatica Data Quality delivers data quality to stakeholders, projects, and data domains, on premise or in the cloud. Informatica Master Data Management delivers business-critical data to improve business operations. Informatica B2B Data Exchange is software for multi-enterprise data integration. It adds secured communication, management, and monitoring capabilities to handle data from internal and external sources. Informatica B2B Data Exchange is software for multi-enterprise data integration. It also provides a variety of other data integration software solutions, including Informatica Complex Event Processing, Informatica Data Replication, Informatica Data Services, Informatica Procurement, Informatica Ultra Messaging and Informatica Vibe Data Stream. The Company competes with large vendors of data integration software products such as IBM, Microsoft, Oracle, SAP, and SAS Institute & certain privately held companies.

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