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Dassault Systemes SE (LTS:0HB4) Piotroski F-Score : 8 (As of Dec. 13, 2024)


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What is Dassault Systemes SE 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

Dassault Systemes SE 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 Dassault Systemes SE's Piotroski F-Score or its related term are showing as below:

LTS:0HB4' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 8

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


Dassault Systemes SE Piotroski F-Score Historical Data

The historical data trend for Dassault Systemes SE'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.

Dassault Systemes SE Piotroski F-Score Chart

Dassault Systemes SE 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 4.00 6.00 7.00 8.00 6.00

Dassault Systemes SE Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.00 6.00 7.00 8.00 8.00

Competitive Comparison of Dassault Systemes SE's Piotroski F-Score

For the Software - Application subindustry, Dassault Systemes SE'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.


Dassault Systemes SE's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Dassault Systemes SE's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dassault Systemes SE'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 330 + 285.7 + 262.7 + 239.7 = €1,118 Mil.
Cash Flow from Operations was 293.5 + 670.9 + 459.3 + 217.6 = €1,641 Mil.
Revenue was 1643.4 + 1499.6 + 1495.9 + 1463.9 = €6,103 Mil.
Gross Profit was 1387.5 + 1255.9 + 1243 + 1211 = €5,097 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(14455.7 + 14622.5 + 15044.3 + 14948.9 + 14058.4) / 5 = €14625.96 Mil.
Total Assets at the begining of this year (Sep23) was €14,456 Mil.
Long-Term Debt & Capital Lease Obligation was €2,043 Mil.
Total Current Assets was €5,558 Mil.
Total Current Liabilities was €2,875 Mil.
Net Income was 328.6 + 255.4 + 222.1 + 243.5 = €1,050 Mil.

Revenue was 1583.8 + 1434.2 + 1449.1 + 1424.7 = €5,892 Mil.
Gross Profit was 1336.9 + 1196.3 + 1210.2 + 1186.4 = €4,930 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(14704.5 + 14261.1 + 14350.3 + 14230.3 + 14455.7) / 5 = €14400.38 Mil.
Total Assets at the begining of last year (Sep22) was €14,705 Mil.
Long-Term Debt & Capital Lease Obligation was €2,040 Mil.
Total Current Assets was €5,241 Mil.
Total Current Liabilities was €3,317 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.

Dassault Systemes SE's current Net Income (TTM) was 1,118. ==> 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.

Dassault Systemes SE's current Cash Flow from Operations (TTM) was 1,641. ==> 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 (Sep23)
=1118.1/14455.7
=0.07734665

ROA (Last Year)=Net Income/Total Assets (Sep22)
=1049.6/14704.5
=0.07137951

Dassault Systemes SE's return on assets of this year was 0.07734665. Dassault Systemes SE's return on assets of last year was 0.07137951. ==> 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.

Dassault Systemes SE's current Net Income (TTM) was 1,118. Dassault Systemes SE's current Cash Flow from Operations (TTM) was 1,641. ==> 1,641 > 1,118 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=2042.8/14625.96
=0.13966946

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=2039.9/14400.38
=0.14165598

Dassault Systemes SE's gearing of this year was 0.13966946. Dassault Systemes SE's gearing of last year was 0.14165598. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=5557.7/2875.4
=1.93284413

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=5241/3317.2
=1.57994694

Dassault Systemes SE's current ratio of this year was 1.93284413. Dassault Systemes SE's current ratio of last year was 1.57994694. ==> 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.

Dassault Systemes SE's number of shares in issue this year was 1323.1. Dassault Systemes SE's number of shares in issue last year was 1326.1. ==> 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
=5097.4/6102.8
=0.83525595

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4929.8/5891.8
=0.83672222

Dassault Systemes SE's gross margin of this year was 0.83525595. Dassault Systemes SE's gross margin of last year was 0.83672222. ==> 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 (Sep23)
=6102.8/14455.7
=0.42217257

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=5891.8/14704.5
=0.40068006

Dassault Systemes SE's asset turnover of this year was 0.42217257. Dassault Systemes SE's asset turnover of last year was 0.40068006. ==> 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+1+1+0+1
=8

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

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

Dassault Systemes SE  (LTS:0HB4) 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.


Dassault Systemes SE Piotroski F-Score Related Terms

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Dassault Systemes SE Business Description

Traded in Other Exchanges
Address
10, Rue Marcel Dassault, Velizy-Villacoublay, FRA, 78140
Dassault Systèmes is a leading provider of computer-assisted design and product lifecycle management software, serving customers like Boeing and Tesla throughout the production process. The company's top line largely depends on the transportation and mobility, industrial equipment, and aerospace and defense industries.

Dassault Systemes SE Headlines

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