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IAS (Integral Ad Science Holding) Piotroski F-Score : 7 (As of Dec. 12, 2024)


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What is Integral Ad Science Holding 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

Integral Ad Science Holding 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 Integral Ad Science Holding's Piotroski F-Score or its related term are showing as below:

IAS' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 5 years, the highest Piotroski F-Score of Integral Ad Science Holding was 7. The lowest was 4. And the median was 6.


Integral Ad Science Holding Piotroski F-Score Historical Data

The historical data trend for Integral Ad Science Holding'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.

Integral Ad Science Holding Piotroski F-Score Chart

Integral Ad Science Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 4.00 6.00 5.00

Integral Ad Science Holding Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 6.00 5.00 6.00 5.00 7.00

Competitive Comparison of Integral Ad Science Holding's Piotroski F-Score

For the Advertising Agencies subindustry, Integral Ad Science Holding'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.


Integral Ad Science Holding's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Integral Ad Science Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Integral Ad Science Holding'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 10.164 + -1.255 + 7.69 + 16.089 = $32.7 Mil.
Cash Flow from Operations was 57.505 + -1.131 + 25.933 + 25.448 = $107.8 Mil.
Revenue was 134.295 + 114.53 + 129.005 + 133.528 = $511.4 Mil.
Gross Profit was 106.043 + 88.369 + 101.911 + 106.155 = $402.5 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1170.275 + 1191.724 + 1145.822 + 1144.122 + 1134.698) / 5 = $1157.3282 Mil.
Total Assets at the begining of this year (Sep23) was $1,170.3 Mil.
Long-Term Debt & Capital Lease Obligation was $80.5 Mil.
Total Current Assets was $224.9 Mil.
Total Current Liabilities was $60.6 Mil.
Net Income was 11.486 + 3.146 + 7.677 + -13.749 = $8.6 Mil.

Revenue was 117.435 + 106.092 + 113.651 + 120.331 = $457.5 Mil.
Gross Profit was 95.544 + 84.41 + 89.832 + 94.732 = $364.5 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(1133.138 + 1168.683 + 1161.421 + 1162.05 + 1170.275) / 5 = $1159.1134 Mil.
Total Assets at the begining of last year (Sep22) was $1,133.1 Mil.
Long-Term Debt & Capital Lease Obligation was $193.9 Mil.
Total Current Assets was $239.8 Mil.
Total Current Liabilities was $69.1 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.

Integral Ad Science Holding's current Net Income (TTM) was 32.7. ==> 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.

Integral Ad Science Holding's current Cash Flow from Operations (TTM) was 107.8. ==> 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 (Sep23)
=32.688/1170.275
=0.0279319

ROA (Last Year)=Net Income/Total Assets (Sep22)
=8.56/1133.138
=0.00755424

Integral Ad Science Holding's return on assets of this year was 0.0279319. Integral Ad Science Holding's return on assets of last year was 0.00755424. ==> 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.

Integral Ad Science Holding's current Net Income (TTM) was 32.7. Integral Ad Science Holding's current Cash Flow from Operations (TTM) was 107.8. ==> 107.8 > 32.7 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=80.464/1157.3282
=0.06952565

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=193.908/1159.1134
=0.16728993

Integral Ad Science Holding's gearing of this year was 0.06952565. Integral Ad Science Holding's gearing of last year was 0.16728993. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=224.874/60.572
=3.71250743

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=239.787/69.054
=3.47245634

Integral Ad Science Holding's current ratio of this year was 3.71250743. Integral Ad Science Holding's current ratio of last year was 3.47245634. ==> 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.

Integral Ad Science Holding's number of shares in issue this year was 165.084. Integral Ad Science Holding's number of shares in issue last year was 157.056. ==> 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
=402.478/511.358
=0.78707676

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=364.518/457.509
=0.79674498

Integral Ad Science Holding's gross margin of this year was 0.78707676. Integral Ad Science Holding's gross margin of last year was 0.79674498. ==> 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 (Sep23)
=511.358/1170.275
=0.43695542

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=457.509/1133.138
=0.403754

Integral Ad Science Holding's asset turnover of this year was 0.43695542. Integral Ad Science Holding's asset turnover of last year was 0.403754. ==> 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+0+0+1
=7

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

Integral Ad Science Holding has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Integral Ad Science Holding  (NAS:IAS) 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.


Integral Ad Science Holding Piotroski F-Score Related Terms

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Integral Ad Science Holding Business Description

Traded in Other Exchanges
N/A
Address
12 East 49th Street, 20th Floor, New York, NY, USA, 10017
Integral Ad Science Holding Corp is a digital advertising verification company. The cloud-based technology platform of the company delivers independent measurement and verification of digital advertising across all devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video. Geographically, the company derives a majority of its revenue from the Americas region.
Executives
Lisa Utzschneider director, officer: Chief Executive Officer C/O YAHOO! INC., 701 FIRST AVENUE, SUNNYVALE CA 94089
Tania Secor officer: Chief Financial Officer 99 WALL STREET, #1950, NEW YORK NY 10005
Vista Equity Partners Fund Vi, L.p. 10 percent owner 4 EMBARCADERO CENTER, 20TH FLOOR, SAN FRANCISCO CA 94111
Tom Sharma officer: Chief Product Officer 95 MORTON STREET, FLOOR 8, NEW YORK NY 10014
Anil Sukumaran officer: Chief Accounting Officer 99 WALL STREET, #1950, NEW YORK NY 10005
Oleg Bershadsky officer: Chief Operating Officer 95 MORTON STREET, FLOOR 8, NEW YORK NY 10014
Michael Eugene Fosnaugh director C/O PING IDENTITY CORPORATION, 1001 17TH STREET, SUITE 100, DENVER CO 80202
Lucia Anthony C. Jr. officer: Chief Technology Officer 95 MORTON STREET, FLOOR 8, NEW YORK NY 10014
Otto Berkes director 95 MORTON STREET, FLOOR 8, NEW YORK NY 10014
Joseph Pergola officer: Chief Financial Officer 95 MORTON STREET, FLOOR 8, NEW YORK NY 10014
Brooke Nakatsukasa director 95 MORTON STREET, FLOOR 8, NEW YORK NY 10014
Vista Equity Partners Management, Llc 10 percent owner FOUR EMBARCADERO CENTER, 20TH FLOOR, SAN FRANCISCO CA 94111
Christina Silvia Lema director 101 MERRITT 7, NORWALK CT 06851
Martin A Taylor director 100 WASHINGTON AVENUE S., SUITE 100, MINNEAPOLIS MN 55401
Jill Putman director 100 WASHINGTON AVENUE S., SUITE 100, MINNEAPOLIS MN 55401