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HeadHunter Group (HeadHunter Group) Piotroski F-Score : 9 (As of May. 05, 2024)


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What is HeadHunter Group Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

HeadHunter Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

HHR' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 9

During the past 8 years, the highest Piotroski F-Score of HeadHunter Group was 9. The lowest was 5. And the median was 6.


HeadHunter Group Piotroski F-Score Historical Data

The historical data trend for HeadHunter Group'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.

HeadHunter Group Piotroski F-Score Chart

HeadHunter Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 5.00 7.00 5.00

HeadHunter Group Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 7.00 5.00 5.00 5.00 9.00

Competitive Comparison of HeadHunter Group's Piotroski F-Score

For the Staffing & Employment Services subindustry, HeadHunter Group'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.


HeadHunter Group's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, HeadHunter Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where HeadHunter Group'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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was -5.204 + 23.211 + 33.128 + 29.087 = $80.2 Mil.
Cash Flow from Operations was 8.435 + 34.429 + 51.368 + 34.493 = $128.7 Mil.
Revenue was 62.777 + 78.623 + 80.69 + 73.794 = $295.9 Mil.
Gross Profit was 61.289 + 76.39 + 78.094 + 72.058 = $287.8 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was
(191.08 + 296.727 + 339.346 + 390.537 + 353.722) / 5 = $314.2824 Mil.
Total Assets at the begining of this year (Mar22) was $191.1 Mil.
Long-Term Debt & Capital Lease Obligation was $39.5 Mil.
Total Current Assets was $165.4 Mil.
Total Current Liabilities was $185.6 Mil.
Net Income was 17.133 + 23.438 + 20.557 + 5.264 = $66.4 Mil.

Revenue was 53.21 + 64.189 + 61.207 + 42.406 = $221.0 Mil.
Gross Profit was 51.685 + 62.57 + 59.186 + 41.382 = $214.8 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was
(272.5 + 288.971 + 293.722 + 308.139 + 191.08) / 5 = $270.8824 Mil.
Total Assets at the begining of last year (Mar21) was $272.5 Mil.
Long-Term Debt & Capital Lease Obligation was $69.6 Mil.
Total Current Assets was $49.9 Mil.
Total Current Liabilities was $82.1 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.

HeadHunter Group's current Net Income (TTM) was 80.2. ==> 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.

HeadHunter Group's current Cash Flow from Operations (TTM) was 128.7. ==> 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 (Mar22)
=80.222/191.08
=0.41983462

ROA (Last Year)=Net Income/Total Assets (Mar21)
=66.392/272.5
=0.24364037

HeadHunter Group's return on assets of this year was 0.41983462. HeadHunter Group's return on assets of last year was 0.24364037. ==> 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.

HeadHunter Group's current Net Income (TTM) was 80.2. HeadHunter Group's current Cash Flow from Operations (TTM) was 128.7. ==> 128.7 > 80.2 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=39.458/314.2824
=0.12554951

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=69.588/270.8824
=0.25689377

HeadHunter Group's gearing of this year was 0.12554951. HeadHunter Group's gearing of last year was 0.25689377. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=165.422/185.576
=0.89139759

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=49.859/82.056
=0.60762162

HeadHunter Group's current ratio of this year was 0.89139759. HeadHunter Group's current ratio of last year was 0.60762162. ==> 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.

HeadHunter Group's number of shares in issue this year was 51.446. HeadHunter Group's number of shares in issue last year was 51.647. ==> 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
=287.831/295.884
=0.97278325

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=214.823/221.012
=0.971997

HeadHunter Group's gross margin of this year was 0.97278325. HeadHunter Group's gross margin of last year was 0.971997. ==> 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 (Mar22)
=295.884/191.08
=1.54848231

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=221.012/272.5
=0.81105321

HeadHunter Group's asset turnover of this year was 1.54848231. HeadHunter Group's asset turnover of last year was 0.81105321. ==> 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+1+1+1+1
=9

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

HeadHunter Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

HeadHunter Group  (NAS:HHR) 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.


HeadHunter Group Piotroski F-Score Related Terms

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HeadHunter Group (HeadHunter Group) Business Description

Traded in Other Exchanges
Address
9/10 Godovikova Street, Moscow, RUS, 129085
HeadHunter Group PLC is an online recruitment platform in Russia and the Commonwealth of Independent States region and focus on connecting job seekers with employers. The company offers employers and recruiters paid access to its CV database and job postings platform. It also provides job seekers and employers with services portfolio. The company gets engage with job seekers and employers via its own desktop sites, mobile sites and mobile applications.

HeadHunter Group (HeadHunter Group) Headlines