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Entain Piotroski F-Score

: 6 (As of Today)
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The zones of discrimination were as such:

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

Entain 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 Entain's Piotroski F-Score or its related term are showing as below:

LSE:ENT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Entain was 9. The lowest was 3. And the median was 6.


Entain Piotroski F-Score Historical Data

The historical data trend for Entain'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.

Entain Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 3.00 4.00 6.00 6.00

Entain Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 4.00 - 6.00 - 6.00

Competitive Comparison

For the Gambling subindustry, Entain'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.

   

Entain Piotroski F-Score Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Entain's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Entain'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 (Dec21) TTM:Last Year (Dec20) TTM:
Net Income was £249 Mil.
Cash Flow from Operations was £632 Mil.
Revenue was £3,830 Mil.
Gross Profit was £2,436 Mil.
Average Total Assets from the begining of this year (Dec20)
to the end of this year (Dec21) was (7269.7 + 7252) / 2 = £7260.85 Mil.
Total Assets at the begining of this year (Dec20) was £7,270 Mil.
Long-Term Debt & Capital Lease Obligation was £2,377 Mil.
Total Current Assets was £1,107 Mil.
Total Current Liabilities was £1,240 Mil.
Net Income was £58 Mil.

Revenue was £3,562 Mil.
Gross Profit was £2,309 Mil.
Average Total Assets from the begining of last year (Dec19)
to the end of last year (Dec20) was (6988.8 + 7269.7) / 2 = £7129.25 Mil.
Total Assets at the begining of last year (Dec19) was £6,989 Mil.
Long-Term Debt & Capital Lease Obligation was £2,334 Mil.
Total Current Assets was £1,395 Mil.
Total Current Liabilities was £1,494 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.

Entain's current Net Income (TTM) was 249. ==> 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.

Entain's current Cash Flow from Operations (TTM) was 632. ==> 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 (Dec20)
=249.3/7269.7
=0.03429302

ROA (Last Year)=Net Income/Total Assets (Dec19)
=57.8/6988.8
=0.00827038

Entain's return on assets of this year was 0.03429302. Entain's return on assets of last year was 0.00827038. ==> 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.

Entain's current Net Income (TTM) was 249. Entain's current Cash Flow from Operations (TTM) was 632. ==> 632 > 249 ==> 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: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=2376.8/7260.85
=0.32734459

Gearing (Last Year: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=2333.9/7129.25
=0.32736964

Entain's gearing of this year was 0.32734459. Entain's gearing of last year was 0.32736964. ==> 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: Dec21)=Total Current Assets/Total Current Liabilities
=1107.4/1239.7
=0.89328063

Current Ratio (Last Year: Dec20)=Total Current Assets/Total Current Liabilities
=1395.2/1493.8
=0.93399384

Entain's current ratio of this year was 0.89328063. Entain's current ratio of last year was 0.93399384. ==> Last year's current ratio is higher ==> Score 0.

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.

Entain's number of shares in issue this year was 591.1. Entain's number of shares in issue last year was 589.9. ==> 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
=2435.8/3830
=0.63597911

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2308.6/3561.6
=0.64819182

Entain's gross margin of this year was 0.63597911. Entain's gross margin of last year was 0.64819182. ==> 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 (Dec20)
=3830/7269.7
=0.5268443

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec19)
=3561.6/6988.8
=0.50961538

Entain's asset turnover of this year was 0.5268443. Entain's asset turnover of last year was 0.50961538. ==> 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+1+0+0+0+1
=6

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

Entain has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Entain  (LSE:ENT) 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.


Entain Piotroski F-Score Related Terms

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Entain Business Description

Entain logo
Traded in Other Exchanges
Address
One New Change, London, GBR, EC4M 9AF
Entain PLC is an online sports betting and gaming company. It owns a portfolio of sports brands that include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group's operating segments are aggregated into five reportable segments: Online, Retail, New Opportunities, Other and Corporate.

Entain Headlines

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