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Teladoc Health (LTS:0LDR) Piotroski F-Score : 3 (As of Apr. 14, 2025)


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What is Teladoc Health Piotroski F-Score?

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

Teladoc Health 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 Teladoc Health's Piotroski F-Score or its related term are showing as below:

LTS:0LDR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 6
Current: 3

During the past 12 years, the highest Piotroski F-Score of Teladoc Health was 6. The lowest was 2. And the median was 3.


Teladoc Health Piotroski F-Score Historical Data

The historical data trend for Teladoc Health'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.

Teladoc Health Piotroski F-Score Chart

Teladoc Health 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 3.00 6.00 4.00 6.00 3.00

Teladoc Health 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 6.00 6.00 6.00 6.00 3.00

Competitive Comparison of Teladoc Health's Piotroski F-Score

For the Health Information Services subindustry, Teladoc Health'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.


Teladoc Health's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Teladoc Health's Piotroski F-Score distribution charts can be found below:

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


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -81.889 + -837.671 + -33.276 + -48.409 = $-1,001 Mil.
Cash Flow from Operations was 8.92 + 88.683 + 110.175 + 85.902 = $294 Mil.
Revenue was 646.131 + 642.444 + 640.508 + 640.491 = $2,570 Mil.
Gross Profit was 451.593 + 454.385 + 460.763 + 451.563 = $1,818 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(4392.369 + 4320.756 + 3523.638 + 3528.581 + 3516.524) / 5 = $3856.3736 Mil.
Total Assets at the begining of this year (Dec23) was $4,392 Mil.
Long-Term Debt & Capital Lease Obligation was $1,024 Mil.
Total Current Assets was $1,664 Mil.
Total Current Liabilities was $942 Mil.
Net Income was -69.228 + -65.177 + -57.073 + -28.89 = $-220 Mil.

Revenue was 629.244 + 652.406 + 660.238 + 660.527 = $2,602 Mil.
Gross Profit was 439.137 + 461.866 + 474.278 + 467.103 = $1,842 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(4345.355 + 4309.147 + 4316.405 + 4327.973 + 4392.369) / 5 = $4338.2498 Mil.
Total Assets at the begining of last year (Dec22) was $4,345 Mil.
Long-Term Debt & Capital Lease Obligation was $1,582 Mil.
Total Current Assets was $1,489 Mil.
Total Current Liabilities was $421 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.

Teladoc Health's current Net Income (TTM) was -1,001. ==> 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.

Teladoc Health's current Cash Flow from Operations (TTM) was 294. ==> 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)
=-1001.245/4392.369
=-0.22795102

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-220.368/4345.355
=-0.05071346

Teladoc Health's return on assets of this year was -0.22795102. Teladoc Health's return on assets of last year was -0.05071346. ==> 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.

Teladoc Health's current Net Income (TTM) was -1,001. Teladoc Health's current Cash Flow from Operations (TTM) was 294. ==> 294 > -1,001 ==> 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
=1023.553/3856.3736
=0.26541853

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1581.525/4338.2498
=0.3645537

Teladoc Health's gearing of this year was 0.26541853. Teladoc Health's gearing of last year was 0.3645537. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=1663.907/941.535
=1.76722798

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=1489.048/420.616
=3.54016015

Teladoc Health's current ratio of this year was 1.76722798. Teladoc Health's current ratio of last year was 3.54016015. ==> 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.

Teladoc Health's number of shares in issue this year was 172.781. Teladoc Health's number of shares in issue last year was 166.075. ==> 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
=1818.304/2569.574
=0.70762858

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1842.384/2602.415
=0.70795165

Teladoc Health's gross margin of this year was 0.70762858. Teladoc Health's gross margin of last year was 0.70795165. ==> 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 (Dec23)
=2569.574/4392.369
=0.58500868

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=2602.415/4345.355
=0.59889583

Teladoc Health's asset turnover of this year was 0.58500868. Teladoc Health's asset turnover of last year was 0.59889583. ==> 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+1+0+1+1+0+0+0+0
=3

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

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

Teladoc Health  (LTS:0LDR) 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.


Teladoc Health Piotroski F-Score Related Terms

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Teladoc Health Business Description

Traded in Other Exchanges
Address
2 Manhattanville Road, Suite 203, Purchase, NY, USA, 10577
Teladoc Health Inc is engaged in virtual care, forging a new healthcare experience with Better convenience, outcomes, and value. Its mission is to empower all people everywhere to live their healthiest lives by transforming the healthcare experience. It operates in Teladoc two segments Health Integrated Care and BetterHelp segments. The majority of its revenue is generated from access fees on a subscription basis (per member, per month). The balance comes from visit fees and equipment rental and sales to hospital systems.

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