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Singapore Post (FRA:SGR) Piotroski F-Score : 6 (As of Mar. 04, 2025)


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What is Singapore Post 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

Singapore Post has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

FRA:SGR' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Singapore Post was 8. The lowest was 3. And the median was 6.


Singapore Post Piotroski F-Score Historical Data

The historical data trend for Singapore Post'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.

Singapore Post Piotroski F-Score Chart

Singapore Post Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 6.00 5.00 6.00

Singapore Post Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 - 6.00 -

Competitive Comparison of Singapore Post's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Singapore Post'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.


Singapore Post's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singapore Post's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Singapore Post'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 €54 Mil.
Cash Flow from Operations was €64 Mil.
Revenue was €1,157 Mil.
Gross Profit was €160 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (1977.23 + 2151.901) / 2 = €2064.5655 Mil.
Total Assets at the begining of this year (Mar23) was €1,977 Mil.
Long-Term Debt & Capital Lease Obligation was €633 Mil.
Total Current Assets was €522 Mil.
Total Current Liabilities was €479 Mil.
Net Income was €17 Mil.

Revenue was €1,305 Mil.
Gross Profit was €154 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (1790.871 + 1977.23) / 2 = €1884.0505 Mil.
Total Assets at the begining of last year (Mar22) was €1,791 Mil.
Long-Term Debt & Capital Lease Obligation was €467 Mil.
Total Current Assets was €532 Mil.
Total Current Liabilities was €502 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.

Singapore Post's current Net Income (TTM) was 54. ==> 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.

Singapore Post's current Cash Flow from Operations (TTM) was 64. ==> 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)
=53.753/1977.23
=0.02718601

ROA (Last Year)=Net Income/Total Assets (Mar22)
=17.195/1790.871
=0.00960147

Singapore Post's return on assets of this year was 0.02718601. Singapore Post's return on assets of last year was 0.00960147. ==> 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.

Singapore Post's current Net Income (TTM) was 54. Singapore Post's current Cash Flow from Operations (TTM) was 64. ==> 64 > 54 ==> 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
=632.922/2064.5655
=0.30656426

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=467.24/1884.0505
=0.2479976

Singapore Post's gearing of this year was 0.30656426. Singapore Post's gearing of last year was 0.2479976. ==> 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
=522.231/478.975
=1.09030952

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=531.977/501.573
=1.0606173

Singapore Post's current ratio of this year was 1.09030952. Singapore Post's current ratio of last year was 1.0606173. ==> 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.

Singapore Post's number of shares in issue this year was 2249.917. Singapore Post's number of shares in issue last year was 2249.7. ==> 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
=159.645/1157.458
=0.13792725

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=153.611/1304.506
=0.11775415

Singapore Post's gross margin of this year was 0.13792725. Singapore Post's gross margin of last year was 0.11775415. ==> 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)
=1157.458/1977.23
=0.58539371

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=1304.506/1790.871
=0.72841986

Singapore Post's asset turnover of this year was 0.58539371. Singapore Post's asset turnover of last year was 0.72841986. ==> Last year's asset turnover is higher ==> Score 0.

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+0
=6

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

Singapore Post has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Singapore Post  (FRA:SGR) 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.


Singapore Post Piotroski F-Score Related Terms

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Singapore Post Business Description

Traded in Other Exchanges
Address
10 Eunos Road 8, Singapore Post Centre, Singapore, SGP, 408600
Singapore Post Ltd is a Singapore-based provider of postal and parcel delivery services. It operates through the following business segments: Post and Parcel, Logistics, Property, and Others. The Post and Parcel segment provides delivery services such as collecting, transporting, and distributing mail. The Logistics segment provides services like freight forwarding and eCommerce logistics, warehousing, fulfillment, delivery, and other value-added services in Asia Pacific. The Property segment leases commercial and self-storage properties. It generates maximum revenue from the Logistics segment. Geographically, the company operates in Australia, which is its key revenue-generating market, Singapore, and other countries.

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