GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bravida Holding AB (LTS:0RBW) » Definitions » Piotroski F-Score

Bravida Holding AB (LTS:0RBW) Piotroski F-Score : 3 (As of Dec. 15, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Bravida Holding AB 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

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

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

During the past 12 years, the highest Piotroski F-Score of Bravida Holding AB was 9. The lowest was 3. And the median was 6.


Bravida Holding AB Piotroski F-Score Historical Data

The historical data trend for Bravida Holding 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.

Bravida Holding AB Piotroski F-Score Chart

Bravida Holding AB 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 5.00 5.00 9.00 6.00 3.00

Bravida Holding AB 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 3.00 3.00 3.00 4.00 3.00

Competitive Comparison of Bravida Holding AB's Piotroski F-Score

For the Engineering & Construction subindustry, Bravida Holding 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.


Bravida Holding AB's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bravida Holding AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bravida Holding 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 415 + 200 + 236 + 197 = kr1,048 Mil.
Cash Flow from Operations was 1435 + 399 + 548 + 193 = kr2,575 Mil.
Revenue was 8106 + 7275 + 7694 + 6575 = kr29,650 Mil.
Gross Profit was 1365 + 980 + 1051 + 901 = kr4,297 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(24102 + 24333 + 24489 + 24492 + 24831) / 5 = kr24449.4 Mil.
Total Assets at the begining of this year (Sep23) was kr24,102 Mil.
Long-Term Debt & Capital Lease Obligation was kr909 Mil.
Total Current Assets was kr11,751 Mil.
Total Current Liabilities was kr14,385 Mil.
Net Income was 495 + 269 + 296 + 248 = kr1,308 Mil.

Revenue was 7946 + 7429 + 7306 + 6583 = kr29,264 Mil.
Gross Profit was 1328 + 1013 + 1078 + 941 = kr4,360 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(21924 + 22472 + 22744 + 23538 + 24102) / 5 = kr22956 Mil.
Total Assets at the begining of last year (Sep22) was kr21,924 Mil.
Long-Term Debt & Capital Lease Obligation was kr844 Mil.
Total Current Assets was kr11,737 Mil.
Total Current Liabilities was kr13,503 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.

Bravida Holding AB's current Net Income (TTM) was 1,048. ==> 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.

Bravida Holding AB's current Cash Flow from Operations (TTM) was 2,575. ==> 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)
=1048/24102
=0.04348187

ROA (Last Year)=Net Income/Total Assets (Sep22)
=1308/21924
=0.05966065

Bravida Holding AB's return on assets of this year was 0.04348187. Bravida Holding AB's return on assets of last year was 0.05966065. ==> 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.

Bravida Holding AB's current Net Income (TTM) was 1,048. Bravida Holding AB's current Cash Flow from Operations (TTM) was 2,575. ==> 2,575 > 1,048 ==> 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
=909/24449.4
=0.03717883

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=844/22956
=0.03676599

Bravida Holding AB's gearing of this year was 0.03717883. Bravida Holding AB's gearing of last year was 0.03676599. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=11751/14385
=0.8168926

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=11737/13503
=0.86921425

Bravida Holding AB's current ratio of this year was 0.8168926. Bravida Holding AB's current ratio of last year was 0.86921425. ==> 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.

Bravida Holding AB's number of shares in issue this year was 205.208. Bravida Holding AB's number of shares in issue last year was 204.959. ==> 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
=4297/29650
=0.14492411

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4360/29264
=0.14898852

Bravida Holding AB's gross margin of this year was 0.14492411. Bravida Holding AB's gross margin of last year was 0.14898852. ==> 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)
=29650/24102
=1.23018837

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=29264/21924
=1.33479292

Bravida Holding AB's asset turnover of this year was 1.23018837. Bravida Holding AB's asset turnover of last year was 1.33479292. ==> 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+0+1+0+0+0+0+0
=3

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

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

Bravida Holding AB  (LTS:0RBW) 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.


Bravida Holding AB Piotroski F-Score Related Terms

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


Bravida Holding AB Business Description

Traded in Other Exchanges
Address
Mikrofonvagen 28, Stockholm, SWE, 126 81
Bravida Holding AB is a provider of installation and services for real estate and facilities in the Nordic region. Its services deliver energy, heating, cooling, water, and air components to properties, and help provide an environment suited to customer preferences. Technological systems and maintenance can modernize buildings and help to extend sustainable solutions. Revenue is roughly split between Bravida's two primary business divisions: installation and service. The combination of the two business activities allows the company to work with customers throughout the lifecycle of a property. The company attempts to create long-term solutions and perform scheduled maintenance to ensure quality and monitor progress.

Bravida Holding AB Headlines

No Headlines