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CompuGroup Medical SE KgaA (HAM:COP) Piotroski F-Score : 5 (As of Oct. 31, 2024)


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What is CompuGroup Medical SE KgaA 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

CompuGroup Medical SE KgaA 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 CompuGroup Medical SE KgaA's Piotroski F-Score or its related term are showing as below:

HAM:COP' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of CompuGroup Medical SE KgaA was 8. The lowest was 3. And the median was 6.


CompuGroup Medical SE KgaA Piotroski F-Score Historical Data

The historical data trend for CompuGroup Medical SE KgaA'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.

CompuGroup Medical SE KgaA Piotroski F-Score Chart

CompuGroup Medical SE KgaA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 5.00 4.00 4.00

CompuGroup Medical SE KgaA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 6.00 5.00 4.00 6.00 5.00

Competitive Comparison of CompuGroup Medical SE KgaA's Piotroski F-Score

For the Health Information Services subindustry, CompuGroup Medical SE KgaA'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.


CompuGroup Medical SE KgaA's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CompuGroup Medical SE KgaA's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CompuGroup Medical SE KgaA'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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 15.948 + -15.904 + 18.519 + 13.929 = €32 Mil.
Cash Flow from Operations was 21.804 + 43.306 + 78.833 + -5.511 = €138 Mil.
Revenue was 285.718 + 306.924 + 284.624 + 277.229 = €1,154 Mil.
Gross Profit was 241.107 + 256.041 + 238.031 + 234.578 = €970 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(1926.888 + 1936.225 + 1899.943 + 2007.461 + 1973.957) / 5 = €1948.8948 Mil.
Total Assets at the begining of this year (Jun23) was €1,927 Mil.
Long-Term Debt & Capital Lease Obligation was €777 Mil.
Total Current Assets was €386 Mil.
Total Current Liabilities was €396 Mil.
Net Income was 29.337 + 13.799 + 14.38 + 31.491 = €89 Mil.

Revenue was 285.387 + 327.656 + 290.843 + 304.179 = €1,208 Mil.
Gross Profit was 239.855 + 267.518 + 246.763 + 261.144 = €1,015 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(1930.232 + 1959.236 + 1944.438 + 1929.916 + 1926.888) / 5 = €1938.142 Mil.
Total Assets at the begining of last year (Jun22) was €1,930 Mil.
Long-Term Debt & Capital Lease Obligation was €664 Mil.
Total Current Assets was €381 Mil.
Total Current Liabilities was €412 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.

CompuGroup Medical SE KgaA's current Net Income (TTM) was 32. ==> 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.

CompuGroup Medical SE KgaA's current Cash Flow from Operations (TTM) was 138. ==> 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 (Jun23)
=32.492/1926.888
=0.01686242

ROA (Last Year)=Net Income/Total Assets (Jun22)
=89.007/1930.232
=0.04611207

CompuGroup Medical SE KgaA's return on assets of this year was 0.01686242. CompuGroup Medical SE KgaA's return on assets of last year was 0.04611207. ==> Last year is higher ==> Score 0.

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.

CompuGroup Medical SE KgaA's current Net Income (TTM) was 32. CompuGroup Medical SE KgaA's current Cash Flow from Operations (TTM) was 138. ==> 138 > 32 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=777.359/1948.8948
=0.39887171

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=664.264/1938.142
=0.34273237

CompuGroup Medical SE KgaA's gearing of this year was 0.39887171. CompuGroup Medical SE KgaA's gearing of last year was 0.34273237. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=385.861/395.543
=0.97552226

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=381.376/412.038
=0.92558453

CompuGroup Medical SE KgaA's current ratio of this year was 0.97552226. CompuGroup Medical SE KgaA's current ratio of last year was 0.92558453. ==> 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.

CompuGroup Medical SE KgaA's number of shares in issue this year was 51.714. CompuGroup Medical SE KgaA's number of shares in issue last year was 52.298. ==> 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
=969.757/1154.495
=0.83998372

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1015.28/1208.065
=0.84041835

CompuGroup Medical SE KgaA's gross margin of this year was 0.83998372. CompuGroup Medical SE KgaA's gross margin of last year was 0.84041835. ==> 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 (Jun23)
=1154.495/1926.888
=0.59915003

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=1208.065/1930.232
=0.62586518

CompuGroup Medical SE KgaA's asset turnover of this year was 0.59915003. CompuGroup Medical SE KgaA's asset turnover of last year was 0.62586518. ==> 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+0+1+0+1+1+0+0
=5

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

CompuGroup Medical SE KgaA has an F-score of 5 indicating the company's financial situation is typical for a stable company.

CompuGroup Medical SE KgaA  (HAM:COP) 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.


CompuGroup Medical SE KgaA Piotroski F-Score Related Terms

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CompuGroup Medical SE KgaA Business Description

Traded in Other Exchanges
Address
Maria Trost 21, Koblenz, DEU, 56070
CompuGroup Medical SE & Co KgaA provides electronic health solutions to healthcare providers through four segments: Ambulatory information systems, Pharmacy information systems, Hospital information systems, and Consumer and Health Management Information Systems. The Ambulatory information systems segment contributes to the majority of revenue and provides practice management software and electronic medical record management. Pharmacy information systems provide clinical, administrative, and financial software for retail pharmacies. The Hospital information systems segment sells its solutions to in-patient centers. Consumer and Health Management Information Systems offers networking service connect providers and other market participants.