GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Securitas AB (LTS:0IAH) » Definitions » Piotroski F-Score

Securitas AB (LTS:0IAH) Piotroski F-Score : 8 (As of Mar. 05, 2025)


View and export this data going back to 2008. Start your Free Trial

What is Securitas AB 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

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

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

During the past 13 years, the highest Piotroski F-Score of Securitas AB was 9. The lowest was 4. And the median was 8.


Securitas AB Piotroski F-Score Historical Data

The historical data trend for Securitas AB'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.

Securitas AB Piotroski F-Score Chart

Securitas AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 8.00 7.00 5.00 8.00

Securitas AB Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.00 8.00 8.00

Competitive Comparison of Securitas AB's Piotroski F-Score

For the Security & Protection Services subindustry, Securitas AB'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.


Securitas AB's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Securitas AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Securitas AB'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 1052 + 1308 + 1164 + 1636 = kr5,160 Mil.
Cash Flow from Operations was -637 + 1248 + 2888 + 4469 = kr7,968 Mil.
Revenue was 39260 + 40638 + 40229 + 41794 = kr161,921 Mil.
Gross Profit was 7887 + 8499 + 8653 + 8947 = kr33,986 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(116392 + 122244 + 120846 + 119353 + 123588) / 5 = kr120484.6 Mil.
Total Assets at the begining of this year (Dec23) was kr116,392 Mil.
Long-Term Debt & Capital Lease Obligation was kr40,085 Mil.
Total Current Assets was kr44,503 Mil.
Total Current Liabilities was kr36,488 Mil.
Net Income was 953 + 1175 + -2052 + 1209 = kr1,285 Mil.

Revenue was 37751 + 39909 + 40047 + 39542 = kr157,249 Mil.
Gross Profit was 7585 + 8056 + 8265 + 8220 = kr32,126 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(115506 + 116814 + 121799 + 122733 + 116392) / 5 = kr118648.8 Mil.
Total Assets at the begining of last year (Dec22) was kr115,506 Mil.
Long-Term Debt & Capital Lease Obligation was kr34,420 Mil.
Total Current Assets was kr41,690 Mil.
Total Current Liabilities was kr40,634 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.

Securitas AB's current Net Income (TTM) was 5,160. ==> 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.

Securitas AB's current Cash Flow from Operations (TTM) was 7,968. ==> 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 (Dec23)
=5160/116392
=0.04433294

ROA (Last Year)=Net Income/Total Assets (Dec22)
=1285/115506
=0.01112496

Securitas AB's return on assets of this year was 0.04433294. Securitas AB's return on assets of last year was 0.01112496. ==> 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.

Securitas AB's current Net Income (TTM) was 5,160. Securitas AB's current Cash Flow from Operations (TTM) was 7,968. ==> 7,968 > 5,160 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=40085/120484.6
=0.33269812

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=34420/118648.8
=0.29009986

Securitas AB's gearing of this year was 0.33269812. Securitas AB's gearing of last year was 0.29009986. ==> Last year is lower than this year ==> Score 0.

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: Dec24)=Total Current Assets/Total Current Liabilities
=44503/36488
=1.21966126

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=41690/40634
=1.02598809

Securitas AB's current ratio of this year was 1.21966126. Securitas AB's current ratio of last year was 1.02598809. ==> 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.

Securitas AB's number of shares in issue this year was 572.918. Securitas AB's number of shares in issue last year was 572.918. ==> 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
=33986/161921
=0.20989248

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=32126/157249
=0.20430019

Securitas AB's gross margin of this year was 0.20989248. Securitas AB's gross margin of last year was 0.20430019. ==> 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 (Dec23)
=161921/116392
=1.3911695

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=157249/115506
=1.36139248

Securitas AB's asset turnover of this year was 1.3911695. Securitas AB's asset turnover of last year was 1.36139248. ==> 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+0+1+1+1+1
=8

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

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

Securitas AB  (LTS:0IAH) 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.


Securitas AB Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Securitas AB's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Securitas AB Business Description

Address
Lindhagensplan 70, PO Box 12307, Stockholm, SWE, SE-102 28
Securitas AB is an international security services, consulting, and investigation group based in Stockholm, Sweden. Its activities are centered on manned security, mobile security, monitoring, and risk assessment. Securitas operates in more than 50 countries and is the security firm in manned guarding. The company has four segments: Securitas North America, Securitas Europe, Securitas Ibero-America and Other. It generates maximum revenue from Securitas Europe.

Securitas AB Headlines

No Headlines