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PT Pantai Indah Kapuk Dua Tbk (ISX:PANI) Piotroski F-Score : 6 (As of Mar. 15, 2025)


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What is PT Pantai Indah Kapuk Dua Tbk Piotroski F-Score?

The zones of discrimination were as such:

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

PT Pantai Indah Kapuk Dua Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for PT Pantai Indah Kapuk Dua Tbk's Piotroski F-Score or its related term are showing as below:

ISX:PANI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 6

During the past 8 years, the highest Piotroski F-Score of PT Pantai Indah Kapuk Dua Tbk was 6. The lowest was 3. And the median was 5.


PT Pantai Indah Kapuk Dua Tbk Piotroski F-Score Historical Data

The historical data trend for PT Pantai Indah Kapuk Dua 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.

* Premium members only.

PT Pantai Indah Kapuk Dua Tbk Piotroski F-Score Chart

PT Pantai Indah Kapuk Dua Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 3.00 5.00 6.00

PT Pantai Indah Kapuk Dua Tbk Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.00 2.00 2.00 5.00 6.00

Competitive Comparison of PT Pantai Indah Kapuk Dua Tbk's Piotroski F-Score

For the Real Estate - Development subindustry, PT Pantai Indah Kapuk Dua 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 Pantai Indah Kapuk Dua Tbk's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Pantai Indah Kapuk Dua Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Pantai Indah Kapuk Dua Tbk'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 122378.346 + 442668.988 + -78445.195 + 137307.94 = Rp623,910 Mil.
Cash Flow from Operations was 277625.736 + 699178.38 + -5926254.731 + 496141.923 = Rp-4,453,309 Mil.
Revenue was 640355.195 + 706302.263 + 747010.11 + 738919.431 = Rp2,832,587 Mil.
Gross Profit was 371196.45 + 380774.81 + 443833.538 + 388843.86 = Rp1,584,649 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(33712005.494 + 34930185.886 + 36326800.798 + 44146312.96 + 45383156.48) / 5 = Rp38899692.3236 Mil.
Total Assets at the begining of this year (Dec23) was Rp33,712,005 Mil.
Long-Term Debt & Capital Lease Obligation was Rp578,031 Mil.
Total Current Assets was Rp27,928,288 Mil.
Total Current Liabilities was Rp13,990,866 Mil.
Net Income was 179595.793 + 368395.63 + -293435.081 + 15482.303 = Rp270,039 Mil.

Revenue was 877432.109 + 466350.197 + 388165.276 + 426944.912 = Rp2,158,892 Mil.
Gross Profit was 469236.16 + 205910.119 + 201464.941 + 202073.982 = Rp1,078,685 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(28009932.53 + 16347912.409 + 16698152.564 + 16918969.238 + 33712005.494) / 5 = Rp22337394.447 Mil.
Total Assets at the begining of last year (Dec22) was Rp28,009,933 Mil.
Long-Term Debt & Capital Lease Obligation was Rp516,969 Mil.
Total Current Assets was Rp17,849,087 Mil.
Total Current Liabilities was Rp8,995,849 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 Pantai Indah Kapuk Dua Tbk's current Net Income (TTM) was 623,910. ==> 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 Pantai Indah Kapuk Dua Tbk's current Cash Flow from Operations (TTM) was -4,453,309. ==> 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 (Dec23)
=623910.079/33712005.494
=0.01850706

ROA (Last Year)=Net Income/Total Assets (Dec22)
=270038.645/28009932.53
=0.00964082

PT Pantai Indah Kapuk Dua Tbk's return on assets of this year was 0.01850706. PT Pantai Indah Kapuk Dua Tbk's return on assets of last year was 0.00964082. ==> 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.

PT Pantai Indah Kapuk Dua Tbk's current Net Income (TTM) was 623,910. PT Pantai Indah Kapuk Dua Tbk's current Cash Flow from Operations (TTM) was -4,453,309. ==> -4,453,309 <= 623,910 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=578031.138/38899692.3236
=0.01485953

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=516968.695/22337394.447
=0.02314364

PT Pantai Indah Kapuk Dua Tbk's gearing of this year was 0.01485953. PT Pantai Indah Kapuk Dua Tbk's gearing of last year was 0.02314364. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=27928287.633/13990866.054
=1.99618005

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=17849087.018/8995848.943
=1.98414704

PT Pantai Indah Kapuk Dua Tbk's current ratio of this year was 1.99618005. PT Pantai Indah Kapuk Dua Tbk's current ratio of last year was 1.98414704. ==> 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 Pantai Indah Kapuk Dua Tbk's number of shares in issue this year was 16167.904. PT Pantai Indah Kapuk Dua Tbk's number of shares in issue last year was 13920.702. ==> 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
=1584648.658/2832586.999
=0.55943512

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1078685.202/2158892.494
=0.49964748

PT Pantai Indah Kapuk Dua Tbk's gross margin of this year was 0.55943512. PT Pantai Indah Kapuk Dua Tbk's gross margin of last year was 0.49964748. ==> 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 (Dec23)
=2832586.999/33712005.494
=0.08402309

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=2158892.494/28009932.53
=0.07707596

PT Pantai Indah Kapuk Dua Tbk's asset turnover of this year was 0.08402309. PT Pantai Indah Kapuk Dua Tbk's asset turnover of last year was 0.07707596. ==> 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+0+1+1
=6

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

PT Pantai Indah Kapuk Dua Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.

PT Pantai Indah Kapuk Dua Tbk  (ISX:PANI) 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.


PT Pantai Indah Kapuk Dua Tbk Piotroski F-Score Related Terms

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PT Pantai Indah Kapuk Dua Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Aria Jaya Santika No. 33 RT. 001 /001, Desa Pasir Bolang Kecamatan, Tigaraksa, Banten, Tangerang, IDN, 15720
PT Pantai Indah Kapuk Dua Tbk is engaged in the manufacturing of blek cans. The activity of the company is making tin cans which are used as packaging for glue or oil. The company through its subsidiaries conducts business in the fields, real estate, fishery product processing industry as well as freezing/storage services in cold storage frozen food (products produced in the form of frozen shrimp, frozen octopus, frozen fish) products that are produced in the form of frozen. The source of the company's revenue is obtained from Real Estate Segment .

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