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Medialink Group (HKSE:02230) Piotroski F-Score : 7 (As of Mar. 24, 2025)


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What is Medialink Group Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Medialink Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

HKSE:02230' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 7
Current: 7

During the past 9 years, the highest Piotroski F-Score of Medialink Group was 7. The lowest was 3. And the median was 7.


Medialink Group Piotroski F-Score Historical Data

The historical data trend for Medialink 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.

Medialink Group Piotroski F-Score Chart

Medialink Group Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 3.00 7.00 6.00 7.00

Medialink Group Semi-Annual Data
Mar16 Mar17 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 - 6.00 - 7.00 -

Competitive Comparison of Medialink Group's Piotroski F-Score

For the Entertainment subindustry, Medialink 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.


Medialink Group's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Medialink Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Medialink 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was HK$49.0 Mil.
Cash Flow from Operations was HK$-13.4 Mil.
Revenue was HK$488.8 Mil.
Gross Profit was HK$235.9 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (909.958 + 921.575) / 2 = HK$915.7665 Mil.
Total Assets at the begining of this year (Mar23) was HK$910.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$4.1 Mil.
Total Current Assets was HK$842.3 Mil.
Total Current Liabilities was HK$328.4 Mil.
Net Income was HK$47.5 Mil.

Revenue was HK$473.9 Mil.
Gross Profit was HK$228.0 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (884.114 + 909.958) / 2 = HK$897.036 Mil.
Total Assets at the begining of last year (Mar22) was HK$884.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$8.1 Mil.
Total Current Assets was HK$822.9 Mil.
Total Current Liabilities was HK$335.1 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.

Medialink Group's current Net Income (TTM) was 49.0. ==> 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.

Medialink Group's current Cash Flow from Operations (TTM) was -13.4. ==> 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 (Mar23)
=48.963/909.958
=0.05380798

ROA (Last Year)=Net Income/Total Assets (Mar22)
=47.523/884.114
=0.05375212

Medialink Group's return on assets of this year was 0.05380798. Medialink Group's return on assets of last year was 0.05375212. ==> 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.

Medialink Group's current Net Income (TTM) was 49.0. Medialink Group's current Cash Flow from Operations (TTM) was -13.4. ==> -13.4 <= 49.0 ==> CFROA <= ROA ==> Score 0.

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
=4.134/915.7665
=0.00451425

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=8.088/897.036
=0.00901636

Medialink Group's gearing of this year was 0.00451425. Medialink Group's gearing of last year was 0.00901636. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=842.29/328.41
=2.56475138

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=822.932/335.122
=2.45561915

Medialink Group's current ratio of this year was 2.56475138. Medialink Group's current ratio of last year was 2.45561915. ==> 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.

Medialink Group's number of shares in issue this year was 1916.926. Medialink Group's number of shares in issue last year was 1925.042. ==> 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
=235.868/488.809
=0.48253612

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=228.006/473.899
=0.48112784

Medialink Group's gross margin of this year was 0.48253612. Medialink Group's gross margin of last year was 0.48112784. ==> 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)
=488.809/909.958
=0.53717754

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=473.899/884.114
=0.53601572

Medialink Group's asset turnover of this year was 0.53717754. Medialink Group's asset turnover of last year was 0.53601572. ==> 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+0+1+0+1+1+1+1+1
=7

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

Medialink Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Medialink Group  (HKSE:02230) 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.


Medialink Group Piotroski F-Score Related Terms

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Medialink Group Business Description

Traded in Other Exchanges
N/A
Address
25 Canton Road, Suites 1801–6, 18th Floor, Tower 2, The Gateway Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Medialink Group Ltd is a distributor of third-party owned media content. It distributes media content relating to animation series, variety shows, drama series and animated and live-action feature films to customers through entering into content sub-licensing arrangements with them. The operating segments of the group are Media content distribution and Brand licensing. It derives key revenue from the Media content distribution segment. Geographically the group holds a business presence in the PRC, the United states, Hong Kong, Philippines, Thailand, Japan, Taiwan and Others.
Executives
Rla Company Limited 2101 Beneficial owner
Chiu Siu Yin Lovinia 2201 Interest of corporation controlled by you

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