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Stefanutti Stocks Holdings (JSE:SSK) Piotroski F-Score : 7 (As of May. 04, 2024)


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What is Stefanutti Stocks Holdings 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

Stefanutti Stocks Holdings 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 Stefanutti Stocks Holdings's Piotroski F-Score or its related term are showing as below:

JSE:SSK' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Stefanutti Stocks Holdings was 7. The lowest was 2. And the median was 4.


Stefanutti Stocks Holdings Piotroski F-Score Historical Data

The historical data trend for Stefanutti Stocks 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.

Stefanutti Stocks Holdings Piotroski F-Score Chart

Stefanutti Stocks Holdings Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 2.00 3.00 4.00 7.00

Stefanutti Stocks Holdings Semi-Annual Data
Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23
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 3.00 - 4.00 - 7.00

Competitive Comparison of Stefanutti Stocks Holdings's Piotroski F-Score

For the Engineering & Construction subindustry, Stefanutti Stocks 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.


Stefanutti Stocks Holdings's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Stefanutti Stocks Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Stefanutti Stocks 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 (Feb23) TTM:Last Year (Feb22) TTM:
Net Income was R15 Mil.
Cash Flow from Operations was R333 Mil.
Revenue was R5,980 Mil.
Gross Profit was R5,980 Mil.
Average Total Assets from the begining of this year (Feb22)
to the end of this year (Feb23) was (4596.962 + 5150.429) / 2 = R4873.6955 Mil.
Total Assets at the begining of this year (Feb22) was R4,597 Mil.
Long-Term Debt & Capital Lease Obligation was R53 Mil.
Total Current Assets was R3,175 Mil.
Total Current Liabilities was R4,955 Mil.
Net Income was R-415 Mil.

Revenue was R5,968 Mil.
Gross Profit was R5,968 Mil.
Average Total Assets from the begining of last year (Feb21)
to the end of last year (Feb22) was (5412.857 + 4596.962) / 2 = R5004.9095 Mil.
Total Assets at the begining of last year (Feb21) was R5,413 Mil.
Long-Term Debt & Capital Lease Obligation was R53 Mil.
Total Current Assets was R2,913 Mil.
Total Current Liabilities was R4,553 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.

Stefanutti Stocks Holdings's current Net Income (TTM) was 15. ==> 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.

Stefanutti Stocks Holdings's current Cash Flow from Operations (TTM) was 333. ==> 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 (Feb22)
=14.587/4596.962
=0.00317318

ROA (Last Year)=Net Income/Total Assets (Feb21)
=-415.208/5412.857
=-0.07670773

Stefanutti Stocks Holdings's return on assets of this year was 0.00317318. Stefanutti Stocks Holdings's return on assets of last year was -0.07670773. ==> 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.

Stefanutti Stocks Holdings's current Net Income (TTM) was 15. Stefanutti Stocks Holdings's current Cash Flow from Operations (TTM) was 333. ==> 333 > 15 ==> 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: Feb23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb22 to Feb23
=52.557/4873.6955
=0.01078381

Gearing (Last Year: Feb22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb21 to Feb22
=52.622/5004.9095
=0.01051408

Stefanutti Stocks Holdings's gearing of this year was 0.01078381. Stefanutti Stocks Holdings's gearing of last year was 0.01051408. ==> Last year is lower than this year ==> Score 0.

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: Feb23)=Total Current Assets/Total Current Liabilities
=3174.774/4954.873
=0.64073771

Current Ratio (Last Year: Feb22)=Total Current Assets/Total Current Liabilities
=2912.826/4553.342
=0.63971167

Stefanutti Stocks Holdings's current ratio of this year was 0.64073771. Stefanutti Stocks Holdings's current ratio of last year was 0.63971167. ==> 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.

Stefanutti Stocks Holdings's number of shares in issue this year was 167.244. Stefanutti Stocks Holdings's number of shares in issue last year was 167.244. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5979.555/5979.555
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5968.484/5968.484
=1

Stefanutti Stocks Holdings's gross margin of this year was 1. Stefanutti Stocks Holdings's gross margin of last year was 1. ==> 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 (Feb22)
=5979.555/4596.962
=1.30076233

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb21)
=5968.484/5412.857
=1.10264949

Stefanutti Stocks Holdings's asset turnover of this year was 1.30076233. Stefanutti Stocks Holdings's asset turnover of last year was 1.10264949. ==> 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+0+1+1+0+1
=7

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

Stefanutti Stocks Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Stefanutti Stocks Holdings  (JSE:SSK) 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.


Stefanutti Stocks Holdings Piotroski F-Score Related Terms

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Stefanutti Stocks Holdings (JSE:SSK) Business Description

Traded in Other Exchanges
N/A
Address
No 9 Palala Street, Protec Park, Corner Zuurfontein Avenue and Oranjerivier Drive, Chloorkop, Kempton Park, ZAF, 1619
Stefanutti Stocks Holdings Ltd is an engineering and construction company. Its segments include Civils, earthworks and other which includes Roads and bridges, Dam, water and sanitation, Pipelines, Airports, Oil and gas etc. The Residential segment has Low-cost housing and Medium and high-end housing and Non-residential which has Office and commercial space, Shopping and retail space, Factories and warehouses etc. Geographically it derives revenue both within Southafrica and Outside South Africa.

Stefanutti Stocks Holdings (JSE:SSK) Headlines

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