Yellow Cake (LSE:YCA) Piotroski F-Score: 3 (As of Jul. 01, 2026) — 25% Below Median


LSE:YCA Yellow Cake PLC LSE:YCA
46 GF Score
Price £5.27
! 2 Warning Signs
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What is Yellow Cake Piotroski F-Score?

Yellow Cake LSE:YCA -0.75% 46 Piotroski F-Score is 3 as of Jul. 01, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates LSE:YCA with a GF Score™ of 46/100. The stock has 2 warning signs investors should review. Among 174 Other Energy Sources companies, Yellow Cake ranks worse than 60.34% on this metric.

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

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

LSE:YCA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 3

During the past 7 years, the highest Piotroski F-Score of Yellow Cake was 7. The lowest was 3. And the median was 4.

Yellow Cake  (LSE:YCA) 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.


Yellow Cake Piotroski F-Score Related Terms


Yellow Cake Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Yellow Cake'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.

Yellow Cake Piotroski F-Score Chart

Yellow Cake Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial 7.00 6.00 3.00 4.00 3.00

Yellow Cake Semi-Annual Data
Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.00 4.00 0.00 3.00 0.00

LSE:YCA vs UEC, LEU, NUCL: Piotroski F-Score Comparison

For the Uranium subindustry, Yellow Cake'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.


Yellow Cake Piotroski F-Score vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Yellow Cake's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Yellow Cake's Piotroski F-Score falls into.


LSE:YCA
46GF Score
Yellow Cake PLC LSE:YCA
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was £-363.18 Mil.
Cash Flow from Operations was £-10.19 Mil.
Revenue was £-353.03 Mil.
Gross Profit was £-353.61 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (1485.193 + 1097.397) / 2 = £1291.295 Mil.
Total Assets at the begining of this year (Mar24) was £1,485.19 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Current Assets was £15.79 Mil.
Total Current Liabilities was £2.63 Mil.
Net Income was £572.15 Mil.

Revenue was £578.46 Mil.
Gross Profit was £577.94 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (854.699 + 1485.193) / 2 = £1169.946 Mil.
Total Assets at the begining of last year (Mar23) was £854.70 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Current Assets was £105.16 Mil.
Total Current Liabilities was £2.79 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.

Yellow Cake's current Net Income (TTM) was -363.18. ==> 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.

Yellow Cake's current Cash Flow from Operations (TTM) was -10.19. ==> 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 (Mar24)
=-363.18/1485.193
=-0.24453388

ROA (Last Year)=Net Income/Total Assets (Mar23)
=572.154/854.699
=0.66942163

Yellow Cake's return on assets of this year was -0.24453388. Yellow Cake's return on assets of last year was 0.66942163. ==> 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.

Yellow Cake's current Net Income (TTM) was -363.18. Yellow Cake's current Cash Flow from Operations (TTM) was -10.19. ==> -10.19 > -363.18 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/1291.295
=0

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0/1169.946
=0

Yellow Cake's gearing of this year was 0. Yellow Cake'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: Mar25)=Total Current Assets/Total Current Liabilities
=15.79/2.632
=5.99924012

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=105.16/2.789
=37.70527071

Yellow Cake's current ratio of this year was 5.99924012. Yellow Cake's current ratio of last year was 37.70527071. ==> 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.

Yellow Cake's number of shares in issue this year was 217.099. Yellow Cake's number of shares in issue last year was 207.665. ==> 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
=-353.611/-353.031
=1.00164292

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=577.94/578.459
=0.99910279

Yellow Cake's gross margin of this year was 1.00164292. Yellow Cake's gross margin of last year was 0.99910279. ==> 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 (Mar24)
=-353.031/1485.193
=-0.23770042

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=578.459/854.699
=0.6767985

Yellow Cake's asset turnover of this year was -0.23770042. Yellow Cake's asset turnover of last year was 0.6767985. ==> 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+0+0+1+0
=3

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

Yellow Cake has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Yellow Cake (LSE:YCA) has a Piotroski F-Score of 3 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Yellow Cake and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Yellow Cake's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Yellow Cake ranks #105 out of 174 companies in the Other Energy Sources industry, placing it in the top 60.3%.
Is Yellow Cake's Piotroski F-Score too high?
Yellow Cake's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Other Energy Sources industry median Piotroski F-Score is 4.00. Yellow Cake's value of 3 is 25% below this industry median. Based on the distribution chart, Yellow Cake ranks #105 out of 174 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, Yellow Cake has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Yellow Cake's Piotroski F-Score compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Yellow Cake ranks #105 out of 174 companies for Piotroski F-Score. This places Yellow Cake in the lower half of its industry. The industry median Piotroski F-Score is 4.00. Yellow Cake's value of 3 is 25% below this benchmark. Historically, Yellow Cake's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 4.00, Yellow Cake has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Other Energy Sources company?
The median Piotroski F-Score among Other Energy Sources companies is 4.00, based on 174 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Yellow Cake's current Piotroski F-Score of 3 is 25% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Yellow Cake and its competitors. For the Other Energy Sources industry, the median Piotroski F-Score is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yellow Cake's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yellow Cake stock overvalued right now?
Yellow Cake (LSE:YCA) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 25% below the Other Energy Sources industry median of 4.00. Yellow Cake's overall GF Score™ is 46/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Yellow Cake (LSE:YCA), the current Piotroski F-Score is 3 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Yellow Cake Business Description

Other Exchanges YLLXF:USAYCAl:UK0LZ:Germany
Address 66-72 Esplanade, 3rd Floor, Gaspe House, Channel Islands, JEY, JE1 2LH
Yellow Cake PLC is a specialist company operating in the uranium sector. The principal activity of the company is to invest in uranium projects. It invests in quoted or unquoted companies producing, developing, or exploring for uranium in Canada, the United States, Australia, and South Africa. The company's only segment being the holding of uranium oxide concentrate (U3O8) for long-term capital appreciation.
46GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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