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Wright Investors' Service Holdings (Wright Investors' Service Holdings) Piotroski F-Score : 3 (As of Apr. 29, 2024)


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What is Wright Investors' Service Holdings 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

Wright Investors' Service Holdings 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 Wright Investors' Service Holdings's Piotroski F-Score or its related term are showing as below:

IWSH' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 5
Current: 3

During the past 13 years, the highest Piotroski F-Score of Wright Investors' Service Holdings was 5. The lowest was 2. And the median was 3.


Wright Investors' Service Holdings Piotroski F-Score Historical Data

The historical data trend for Wright Investors' Service Holdings'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.

Wright Investors' Service Holdings Piotroski F-Score Chart

Wright Investors' Service Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 4.00 3.00 2.00 3.00

Wright Investors' Service Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.00 2.00 2.00 2.00 3.00

Competitive Comparison of Wright Investors' Service Holdings's Piotroski F-Score

For the Shell Companies subindustry, Wright Investors' Service Holdings'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.


Wright Investors' Service Holdings's Piotroski F-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Wright Investors' Service Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Wright Investors' Service Holdings'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -0.314 + -0.282 + -0.197 + -0.213 = $-1.01 Mil.
Cash Flow from Operations was -0.281 + -0.174 + -0.229 + -0.281 = $-0.97 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.115 + -0.116 + -0.108 + -0.119 = $-0.46 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(4.401 + 4.123 + 3.873 + 3.6 + 3.374) / 5 = $3.8742 Mil.
Total Assets at the begining of this year (Dec22) was $4.40 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $3.37 Mil.
Total Current Liabilities was $0.08 Mil.
Net Income was -0.314 + -0.325 + -0.262 + -0.306 = $-1.21 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.117 + -0.113 + -0.11 + -0.12 = $-0.46 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(5.523 + 5.228 + 4.872 + 4.604 + 4.401) / 5 = $4.9256 Mil.
Total Assets at the begining of last year (Dec21) was $5.52 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $4.39 Mil.
Total Current Liabilities was $0.11 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.

Wright Investors' Service Holdings's current Net Income (TTM) was -1.01. ==> Negative ==> Score 0.

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.

Wright Investors' Service Holdings's current Cash Flow from Operations (TTM) was -0.97. ==> 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 (Dec22)
=-1.006/4.401
=-0.22858441

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-1.207/5.523
=-0.21854065

Wright Investors' Service Holdings's return on assets of this year was -0.22858441. Wright Investors' Service Holdings's return on assets of last year was -0.21854065. ==> 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.

Wright Investors' Service Holdings's current Net Income (TTM) was -1.01. Wright Investors' Service Holdings's current Cash Flow from Operations (TTM) was -0.97. ==> -0.97 > -1.01 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/3.8742
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/4.9256
=0

Wright Investors' Service Holdings's gearing of this year was 0. Wright Investors' Service Holdings'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

Current Ratio (This Year: Dec23)=Total Current Assets/Total Current Liabilities
=3.366/0.083
=40.55421687

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=4.393/0.112
=39.22321429

Wright Investors' Service Holdings's current ratio of this year was 40.55421687. Wright Investors' Service Holdings's current ratio of last year was 39.22321429. ==> 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.

Wright Investors' Service Holdings's number of shares in issue this year was 20.621. Wright Investors' Service Holdings's number of shares in issue last year was 20.609. ==> 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
=-0.458/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.46/0
=

Wright Investors' Service Holdings's gross margin of this year was . Wright Investors' Service Holdings's gross margin of last year was . ==> 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 (Dec22)
=0/4.401
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=0/5.523
=0

Wright Investors' Service Holdings's asset turnover of this year was 0. Wright Investors' Service Holdings's asset turnover of last year was 0. ==> 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
=0+0+0+1+1+1+0+0+0
=3

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

Wright Investors' Service Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Wright Investors' Service Holdings  (OTCPK:IWSH) 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.


Wright Investors' Service Holdings Piotroski F-Score Related Terms

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Wright Investors' Service Holdings (Wright Investors' Service Holdings) Business Description

Traded in Other Exchanges
N/A
Address
118 North Bedford Road, Suite 100, Mount Kisco, NY, USA, 10549
Wright Investors' Service Holdings Inc is a shell company.
Executives
Miller William H Iii 10 percent owner C/O APG LLC, ONE SOUTH STREET, SUITE 2550, BALTIMORE MD 21202
Harvey P Eisen director, 10 percent owner, officer: CEO 100 SOUTH BEDFORD ROAD, MT KISCO NY 10549
Cove Street Capital, Llc 10 percent owner 525 SOUTH DOUGLAS STREET, SUITE 225, EL SEGUNDO CA 90245
Cameron Dort A Iii director
Jeffrey Bronchick 10 percent owner 2101 EAST EL SEGUNDO BOULEVARD, SUITE 302, EL SEGUNDO CA 90245
Andrew Leaf 10 percent owner 2101 E EL SEGUNDO BOULEVARD, SUITE 302, EL SEGUNDO CA 90245
Paul Hinkle 10 percent owner 2101 E EL SEGUNDO BOULEVARD, SUITE 302, EL SEGUNDO CA 90245
Eugene Vlad Robin 10 percent owner 2508 FISK LANE, REDONDO BEACH CA 90278
Harold D. Kahn officer: Acting CFO & PAO 177 WEST PUTNAM AVENUE, GREENWICH CT 06830
Marshall S Geller director 10866 WILSHIRE BLVD., SUITE 1450, LOS ANGELES CA 90024
Amit S Khandwala officer: Co- CEO. The Winthrop Corp. 5 MAYFAIR DRIVE, TRUMBULL CT 06611
Pfenniger Richard C Jr director 4400 BISCAYNE BLVD., MIAMI FL 33137
Peter M. Donovan director, officer: CEO of Operating Subsidiary C/O THE WINTHROP CORPORATION, 440 WHEELERS FARM ROAD, MILFORD CT 06461
Thomas J Hayes officer: Chief Operating Officer 100 SOUTH BEDFORD ROAD, SUITE 2R, MOUNT KISCO NY 10549
Bedford Oak Capital Lp 10 percent owner

Wright Investors' Service Holdings (Wright Investors' Service Holdings) Headlines