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YouGov (LSE:YOU) Piotroski F-Score : 8 (As of May. 10, 2024)


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What is YouGov Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

YouGov has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for YouGov's Piotroski F-Score or its related term are showing as below:

LSE:YOU' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of YouGov was 8. The lowest was 5. And the median was 6.


YouGov Piotroski F-Score Historical Data

The historical data trend for YouGov'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.

YouGov Piotroski F-Score Chart

YouGov Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 5.00 8.00 8.00

YouGov Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 - 8.00 - 8.00 -

Competitive Comparison of YouGov's Piotroski F-Score

For the Advertising Agencies subindustry, YouGov'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.


YouGov's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, YouGov's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where YouGov'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 (Jul23) TTM:Last Year (Jul22) TTM:
Net Income was £34.5 Mil.
Cash Flow from Operations was £59.2 Mil.
Revenue was £258.3 Mil.
Gross Profit was £220.9 Mil.
Average Total Assets from the begining of this year (Jul22)
to the end of this year (Jul23) was (240 + 304.3) / 2 = £272.15 Mil.
Total Assets at the begining of this year (Jul22) was £240.0 Mil.
Long-Term Debt & Capital Lease Obligation was £8.1 Mil.
Total Current Assets was £165.2 Mil.
Total Current Liabilities was £91.1 Mil.
Net Income was £17.1 Mil.

Revenue was £221.1 Mil.
Gross Profit was £187.4 Mil.
Average Total Assets from the begining of last year (Jul21)
to the end of last year (Jul22) was (198.5 + 240) / 2 = £219.25 Mil.
Total Assets at the begining of last year (Jul21) was £198.5 Mil.
Long-Term Debt & Capital Lease Obligation was £9.3 Mil.
Total Current Assets was £95.0 Mil.
Total Current Liabilities was £90.5 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.

YouGov's current Net Income (TTM) was 34.5. ==> 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.

YouGov's current Cash Flow from Operations (TTM) was 59.2. ==> 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 (Jul22)
=34.5/240
=0.14375

ROA (Last Year)=Net Income/Total Assets (Jul21)
=17.1/198.5
=0.0861461

YouGov's return on assets of this year was 0.14375. YouGov's return on assets of last year was 0.0861461. ==> 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.

YouGov's current Net Income (TTM) was 34.5. YouGov's current Cash Flow from Operations (TTM) was 59.2. ==> 59.2 > 34.5 ==> 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: Jul23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul22 to Jul23
=8.1/272.15
=0.029763

Gearing (Last Year: Jul22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul21 to Jul22
=9.3/219.25
=0.04241733

YouGov's gearing of this year was 0.029763. YouGov's gearing of last year was 0.04241733. ==> 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: Jul23)=Total Current Assets/Total Current Liabilities
=165.2/91.1
=1.81339188

Current Ratio (Last Year: Jul22)=Total Current Assets/Total Current Liabilities
=95/90.5
=1.04972376

YouGov's current ratio of this year was 1.81339188. YouGov's current ratio of last year was 1.04972376. ==> 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.

YouGov's number of shares in issue this year was 112.1. YouGov's number of shares in issue last year was 112.2. ==> 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
=220.9/258.3
=0.85520712

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=187.4/221.1
=0.84758028

YouGov's gross margin of this year was 0.85520712. YouGov's gross margin of last year was 0.84758028. ==> 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 (Jul22)
=258.3/240
=1.07625

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul21)
=221.1/198.5
=1.1138539

YouGov's asset turnover of this year was 1.07625. YouGov's asset turnover of last year was 1.1138539. ==> 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
=1+1+1+1+1+1+1+1+0
=8

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

YouGov has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

YouGov  (LSE:YOU) 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.


YouGov Piotroski F-Score Related Terms

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YouGov (LSE:YOU) Business Description

Traded in Other Exchanges
Address
50 Featherstone Street, London, GBR, EC1Y 8RT
YouGov PLC is a market research agency company. Its suite of products consists of YouGov BrandIndex, YouGov Reports, and YouGov Profiles. Other services offered are YouGov Omnibus service and custom research by sector specialists. Segments in which the company operates include Data Products, Data Services, and Custom Research. Revenues are generated from market research services, syndicated services, non-syndicated services, and media buying. Geographically, it derives a majority of its revenue from the United States.