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GUTS (Fractyl Health) Piotroski F-Score : 5 (As of Mar. 18, 2025)


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What is Fractyl Health 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

Fractyl Health 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 Fractyl Health's Piotroski F-Score or its related term are showing as below:

GUTS' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 5
Current: 5

During the past 6 years, the highest Piotroski F-Score of Fractyl Health was 5. The lowest was 4. And the median was 5.


Fractyl Health Piotroski F-Score Historical Data

The historical data trend for Fractyl Health'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.

Fractyl Health Piotroski F-Score Chart

Fractyl Health Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 4.00 5.00

Fractyl Health Quarterly Data
Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 N/A N/A N/A 5.00

Competitive Comparison of Fractyl Health's Piotroski F-Score

For the Biotechnology subindustry, Fractyl Health'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.


Fractyl Health's Piotroski F-Score Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Fractyl Health's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Fractyl Health'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -3.322 + -17.229 + -23.173 + -24.97 = $-68.69 Mil.
Cash Flow from Operations was -11.711 + -18.737 + -18.039 + -17.034 = $-65.52 Mil.
Revenue was 0.033 + 0.043 + 0.014 + 0.003 = $0.09 Mil.
Gross Profit was 0.014 + 0.019 + 0.007 + 0.003 = $0.04 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(76.212 + 163.519 + 146.437 + 126.924 + 108.077) / 5 = $124.2338 Mil.
Total Assets at the begining of this year (Dec23) was $76.21 Mil.
Long-Term Debt & Capital Lease Obligation was $57.54 Mil.
Total Current Assets was $71.76 Mil.
Total Current Liabilities was $19.78 Mil.
Net Income was -11.932 + -30.232 + -15.747 + -19.18 = $-77.09 Mil.

Revenue was 0.005 + 0.072 + 0.036 + 0.007 = $0.12 Mil.
Gross Profit was 0.002 + 0.025 + 0.011 + 0.005 = $0.04 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(60.956 + 0 + 38.58 + 56.782 + 76.212) / 5 = $58.1325 Mil.
Total Assets at the begining of last year (Dec22) was $60.96 Mil.
Long-Term Debt & Capital Lease Obligation was $83.66 Mil.
Total Current Assets was $35.65 Mil.
Total Current Liabilities was $11.19 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.

Fractyl Health's current Net Income (TTM) was -68.69. ==> 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.

Fractyl Health's current Cash Flow from Operations (TTM) was -65.52. ==> Negative ==> Score 0.

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 (Dec23)
=-68.694/76.212
=-0.90135412

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-77.091/60.956
=-1.26469913

Fractyl Health's return on assets of this year was -0.90135412. Fractyl Health's return on assets of last year was -1.26469913. ==> 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.

Fractyl Health's current Net Income (TTM) was -68.69. Fractyl Health's current Cash Flow from Operations (TTM) was -65.52. ==> -65.52 > -68.69 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=57.544/124.2338
=0.46319118

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=83.66/58.1325
=1.43912613

Fractyl Health's gearing of this year was 0.46319118. Fractyl Health's gearing of last year was 1.43912613. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=71.763/19.775
=3.62897598

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=35.648/11.188
=3.186271

Fractyl Health's current ratio of this year was 3.62897598. Fractyl Health's current ratio of last year was 3.186271. ==> 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.

Fractyl Health's number of shares in issue this year was 48.489. Fractyl Health's number of shares in issue last year was 47.607. ==> 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
=0.043/0.093
=0.46236559

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.043/0.12
=0.35833333

Fractyl Health's gross margin of this year was 0.46236559. Fractyl Health's gross margin of last year was 0.35833333. ==> 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 (Dec23)
=0.093/76.212
=0.00122028

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=0.12/60.956
=0.00196863

Fractyl Health's asset turnover of this year was 0.00122028. Fractyl Health's asset turnover of last year was 0.00196863. ==> 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
=0+0+1+1+1+1+0+1+0
=5

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

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

Fractyl Health  (NAS:GUTS) 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.


Fractyl Health Piotroski F-Score Related Terms

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Fractyl Health Business Description

Traded in Other Exchanges
N/A
Address
3 Van de Graaff Drive, Suite 200, Burlington, MA, USA, 01803
Fractyl Health Inc is a metabolic therapeutics company focused on pioneering new approaches to the treatment of metabolic diseases, including type 2 diabetes and obesity. The company focuses on transforming metabolic disease treatment from chronic symptomatic management to durable disease modifying therapies that target the organ level root causes of T2D and obesity.