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Cementir Holding NV (LTS:0HY2) Piotroski F-Score : 8 (As of Dec. 14, 2024)


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What is Cementir Holding NV 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

Cementir Holding NV 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 Cementir Holding NV's Piotroski F-Score or its related term are showing as below:

LTS:0HY2' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Cementir Holding NV was 9. The lowest was 4. And the median was 6.


Cementir Holding NV Piotroski F-Score Historical Data

The historical data trend for Cementir Holding NV'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.

Cementir Holding NV Piotroski F-Score Chart

Cementir Holding NV 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 7.00 6.00 7.00 8.00 8.00

Cementir Holding NV 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 - 8.00 - - -

Competitive Comparison of Cementir Holding NV's Piotroski F-Score

For the Building Materials subindustry, Cementir Holding NV'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.


Cementir Holding NV's Piotroski F-Score Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cementir Holding NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cementir Holding NV'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was €201 Mil.
Cash Flow from Operations was €300 Mil.
Revenue was €1,694 Mil.
Gross Profit was €968 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (2493.976 + 2522.194) / 2 = €2508.085 Mil.
Total Assets at the begining of this year (Dec22) was €2,494 Mil.
Long-Term Debt & Capital Lease Obligation was €161 Mil.
Total Current Assets was €879 Mil.
Total Current Liabilities was €502 Mil.
Net Income was €162 Mil.

Revenue was €1,723 Mil.
Gross Profit was €920 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (2111.058 + 2493.976) / 2 = €2302.517 Mil.
Total Assets at the begining of last year (Dec21) was €2,111 Mil.
Long-Term Debt & Capital Lease Obligation was €192 Mil.
Total Current Assets was €846 Mil.
Total Current Liabilities was €544 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.

Cementir Holding NV's current Net Income (TTM) was 201. ==> 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.

Cementir Holding NV's current Cash Flow from Operations (TTM) was 300. ==> 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 (Dec22)
=201.364/2493.976
=0.08074015

ROA (Last Year)=Net Income/Total Assets (Dec21)
=162.286/2111.058
=0.07687425

Cementir Holding NV's return on assets of this year was 0.08074015. Cementir Holding NV's return on assets of last year was 0.07687425. ==> 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.

Cementir Holding NV's current Net Income (TTM) was 201. Cementir Holding NV's current Cash Flow from Operations (TTM) was 300. ==> 300 > 201 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=161.083/2508.085
=0.06422549

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=192.1/2302.517
=0.08343044

Cementir Holding NV's gearing of this year was 0.06422549. Cementir Holding NV's gearing of last year was 0.08343044. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=879.043/501.73
=1.752024

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=845.895/543.552
=1.55623565

Cementir Holding NV's current ratio of this year was 1.752024. Cementir Holding NV's current ratio of last year was 1.55623565. ==> 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.

Cementir Holding NV's number of shares in issue this year was 155.52. Cementir Holding NV's number of shares in issue last year was 155.52. ==> 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
=967.882/1694.247
=0.57127562

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=919.682/1723.103
=0.53373594

Cementir Holding NV's gross margin of this year was 0.57127562. Cementir Holding NV's gross margin of last year was 0.53373594. ==> 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 (Dec22)
=1694.247/2493.976
=0.67933573

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=1723.103/2111.058
=0.81622722

Cementir Holding NV's asset turnover of this year was 0.67933573. Cementir Holding NV's asset turnover of last year was 0.81622722. ==> 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

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

Cementir Holding NV  (LTS:0HY2) 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.


Cementir Holding NV Piotroski F-Score Related Terms

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Cementir Holding NV Business Description

Traded in Other Exchanges
Address
Zuidplein 36, Amsterdam, NH, NLD, 1077 XV
Cementir Holding NV is engaged in operating in the building materials sector and focused on four main business lines: grey cement, white cement, ready-mixed concrete, and aggregates. The Group's geographical areas are: The Nordic & Baltic region includes Denmark, Norway, Sweden, Iceland, Poland, and the white cement operations in Belgium and France. The Belgium region includes the activities of the Compagnie des Ciments Belges S.A. group in Belgium and France. The North America region includes the United States. The Asia Pacific region includes China, Malaysia, and Australia. The Holding and Services include the Parent Company, Spartan Hive and Aalborg Portland Digital, and other smaller companies.

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