Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Esta Indonesia Tbk 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 PT Esta Indonesia Tbk's Piotroski F-Score or its related term are showing as below:
During the past 5 years, the highest Piotroski F-Score of PT Esta Indonesia Tbk was 4. The lowest was 3. And the median was 4.
PT Esta Indonesia Tbk (ISX:NEST) 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.
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.
PT Esta Indonesia Tbk Piotroski F-Score Related Terms
PT Esta Indonesia Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Esta Indonesia Tbk'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.
ISX:NEST vs ADM, BG, TSN: Piotroski F-Score Comparison
For the Farm Products subindustry, PT Esta Indonesia Tbk'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.
PT Esta Indonesia Tbk Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Esta Indonesia Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Esta Indonesia Tbk's Piotroski F-Score falls into.
* 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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 1500.18 + 7777.92 + 9239.811 + 6118.656 = Rp24,637 Mil. Cash Flow from Operations was -42144.466 + -7750.354 + -26052.599 + 43876.413 = Rp-32,071 Mil. Revenue was 53811.25 + 123788.829 + 99567.96 + 93576.788 = Rp370,745 Mil. Gross Profit was 5134.542 + 9852.209 + 4913.644 + 10858.072 = Rp30,758 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(407504.489 + 406503.762 + 411636.908 + 416110.994 + 408054.022) / 5 = Rp409962.035 Mil. Total Assets at the begining of this year (Mar25) was Rp407,504 Mil. Long-Term Debt & Capital Lease Obligation was Rp0 Mil. Total Current Assets was Rp264,229 Mil. Total Current Liabilities was Rp28,546 Mil.
Net Income was 3763.216 + 5625.1 + 9564.284 + 4425.941 = Rp23,379 Mil.
Revenue was 71986.423 + 131068.056 + 183324.058 + 83671.128 = Rp470,050 Mil. Gross Profit was 7005.636 + 16632.82 + 11778.749 + 3098.661 = Rp38,516 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(0 + 0 + 450262.179 + 471016.597 + 407504.489) / 5 = Rp442927.755 Mil. Total Assets at the begining of last year (Mar24) was Rp0 Mil. Long-Term Debt & Capital Lease Obligation was Rp0 Mil. Total Current Assets was Rp290,381 Mil. Total Current Liabilities was Rp48,035 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.
PT Esta Indonesia Tbk's current Net Income (TTM) was 24,637.
==> 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.
PT Esta Indonesia Tbk's current Cash Flow from Operations (TTM) was -32,071.
==> 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.
PT Esta Indonesia Tbk's return on assets of this year was 0.06045717. PT Esta Indonesia Tbk's return on assets of last year was .
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Esta Indonesia Tbk's gearing of this year was 0. PT Esta Indonesia Tbk's gearing of last year was 0.
==> 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
PT Esta Indonesia Tbk's current ratio of this year was 9.25613307. PT Esta Indonesia Tbk's current ratio of last year was 6.04523906.
==> 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.
PT Esta Indonesia Tbk's number of shares in issue this year was 4112.5. PT Esta Indonesia Tbk's number of shares in issue last year was 4112.5.
==> 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.
PT Esta Indonesia Tbk's gross margin of this year was 0.08296398. PT Esta Indonesia Tbk's gross margin of last year was 0.08193999.
==> 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
PT Esta Indonesia Tbk's asset turnover of this year was 0.90979323. PT Esta Indonesia Tbk's asset turnover of last year was .
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Esta Indonesia Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
PT Esta Indonesia Tbk is Engaged in the field of Swiftlet Breeding and Cultivation and Wholesale Trading of Swiftlet Nests. Bird's Nest Is A Nutritious Food Rich In Protein And Minerals, Loaded With Essential And Non-Essential Amino Acids. A Perfect Ingredient For Cosmetics And Health. The Group operates and manages the business in a single segment, which is to provide swiftlet bird's nests products to its customers.
13GF Score
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