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Pc Iletisim Ve Medya Hizmetlerinayi Ticaret (IST:PCILT) Piotroski F-Score : 3 (As of Mar. 17, 2025)


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What is Pc Iletisim Ve Medya Hizmetlerinayi Ticaret Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's Piotroski F-Score or its related term are showing as below:

IST:PCILT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 6 years, the highest Piotroski F-Score of Pc Iletisim Ve Medya Hizmetlerinayi Ticaret was 7. The lowest was 3. And the median was 5.


Pc Iletisim Ve Medya Hizmetlerinayi Ticaret Piotroski F-Score Historical Data

The historical data trend for Pc Iletisim Ve Medya Hizmetlerinayi Ticaret'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.

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret Piotroski F-Score Chart

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A N/A 7.00

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret Quarterly Data
Dec18 Dec19 Jun20 Dec20 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 N/A 7.00 N/A 4.00 3.00

Competitive Comparison of Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's Piotroski F-Score

For the Advertising Agencies subindustry, Pc Iletisim Ve Medya Hizmetlerinayi Ticaret'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.


Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pc Iletisim Ve Medya Hizmetlerinayi Ticaret'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 -23.336 + 76.457 + 138.68 + 2.914 = ₺195 Mil.
Cash Flow from Operations was 160.72 + -21.332 + -237.512 + -57.77 = ₺-156 Mil.
Revenue was 1098.695 + 1223.837 + 1486.009 + 1024.829 = ₺4,833 Mil.
Gross Profit was 6.08 + 110.621 + 181.518 + 83.251 = ₺381 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1495.584 + 2406.947 + 2625.924 + 2965.54 + 2779.08) / 5 = ₺2454.615 Mil.
Total Assets at the begining of this year (Sep23) was ₺1,496 Mil.
Long-Term Debt & Capital Lease Obligation was ₺13 Mil.
Total Current Assets was ₺1,956 Mil.
Total Current Liabilities was ₺1,476 Mil.
Net Income was 2.464 + 22.751 + 256.732 + 33.471 = ₺315 Mil.

Revenue was 2566.614 + 808.237 + 1526.5 + 1392.561 = ₺6,294 Mil.
Gross Profit was 191.008 + 55.393 + 163.986 + 115.649 = ₺526 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(876.463 + 1745.616 + 989.849 + 1561.458 + 1495.584) / 5 = ₺1333.794 Mil.
Total Assets at the begining of last year (Sep22) was ₺876 Mil.
Long-Term Debt & Capital Lease Obligation was ₺15 Mil.
Total Current Assets was ₺1,176 Mil.
Total Current Liabilities was ₺1,007 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.

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's current Net Income (TTM) was 195. ==> 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.

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's current Cash Flow from Operations (TTM) was -156. ==> 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 (Sep23)
=194.715/1495.584
=0.13019329

ROA (Last Year)=Net Income/Total Assets (Sep22)
=315.418/876.463
=0.359876

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's return on assets of this year was 0.13019329. Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's return on assets of last year was 0.359876. ==> 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.

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's current Net Income (TTM) was 195. Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's current Cash Flow from Operations (TTM) was -156. ==> -156 <= 195 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=12.68/2454.615
=0.00516578

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=15.175/1333.794
=0.01137732

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's gearing of this year was 0.00516578. Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's gearing of last year was 0.01137732. ==> 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
=1955.749/1476.049
=1.32498921

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1175.771/1007.367
=1.16717244

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's current ratio of this year was 1.32498921. Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's current ratio of last year was 1.16717244. ==> 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.

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's number of shares in issue this year was 145.679. Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's number of shares in issue last year was 118.35. ==> 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
=381.47/4833.37
=0.07892423

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=526.036/6293.912
=0.08357854

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's gross margin of this year was 0.07892423. Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's gross margin of last year was 0.08357854. ==> 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)
=4833.37/1495.584
=3.23176097

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=6293.912/876.463
=7.18103559

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's asset turnover of this year was 3.23176097. Pc Iletisim Ve Medya Hizmetlerinayi Ticaret's asset turnover of last year was 7.18103559. ==> 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+0+0+0+1+1+0+0+0
=3

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

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret  (IST:PCILT) 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.


Pc Iletisim Ve Medya Hizmetlerinayi Ticaret Piotroski F-Score Related Terms

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Pc Iletisim Ve Medya Hizmetlerinayi Ticaret Business Description

Traded in Other Exchanges
N/A
Address
Barbaros Bulvari Morbasan, Sok. Koza Business Center, Block C Floor 10, Balmumcu-Besiktas, TUR, 34349
Pc Iletisim Ve Medya Hizmetleri Sanayi Ticaret is a communication group. It offers media services, advertising, reserving, buying, renting, selling all kinds of television programs for customers, buying and selling all kinds of television programs, cooperating with content, promotion and printing services.

Pc Iletisim Ve Medya Hizmetlerinayi Ticaret Headlines

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