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Smurfit WestRock (MEX:SW1 N) Piotroski F-Score : N/A (As of Mar. 31, 2025)


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What is Smurfit WestRock Piotroski F-Score?

The zones of discrimination were as such:

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

Smurfit WestRock has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Smurfit WestRock's Piotroski F-Score or its related term are showing as below:

During the past 13 years, the highest Piotroski F-Score of Smurfit WestRock was 9. The lowest was 2. And the median was 5.


Smurfit WestRock Piotroski F-Score Historical Data

The historical data trend for Smurfit WestRock'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.

Smurfit WestRock Piotroski F-Score Chart

Smurfit WestRock 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 2.00 2.00 5.00 N/A

Smurfit WestRock Quarterly Data
Mar17 Jun17 Sep17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 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 5.00 6.00 5.00 N/A

Competitive Comparison of Smurfit WestRock's Piotroski F-Score

For the Packaging & Containers subindustry, Smurfit WestRock'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.


Smurfit WestRock's Piotroski F-Score Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Smurfit WestRock's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Smurfit WestRock'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 (Sep23) TTM:
Net Income was 814.764 + 2418.254 + -2953.545 + 3044.932 = MXN3,324 Mil.
Cash Flow from Operations was 0 + 6228.835 + 6300.896 + 16288.302 = MXN28,818 Mil.
Revenue was 48580.298 + 54392.386 + 151044.291 + 157231.122 = MXN411,248 Mil.
Gross Profit was 11898.948 + 12695.831 + 26581.905 + 30073.919 = MXN81,251 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Dec24) was
(0 + 238505.159 + 297371.912 + 886634.519 + 912624.576) / 5 = MXN583784.0415 Mil.
Total Assets at the begining of this year (Sep23) was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN261,572 Mil.
Total Current Assets was MXN209,704 Mil.
Total Current Liabilities was MXN152,935 Mil.
Net Income was 0 + 0 + 0 + 3988.927 = MXN3,989 Mil.

Revenue was 0 + 0 + 0 + 50776.085 = MXN50,776 Mil.
Gross Profit was 0 + 0 + 0 + 12924.822 = MXN12,925 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Sep23) was
(271911.183 + 263845.035 + 260966.945 + 231658.218 + 0) / 5 = MXN257095.34525 Mil.
Total Assets at the begining of last year (Dec21) was MXN271,911 Mil.
Long-Term Debt & Capital Lease Obligation was MXN0 Mil.
Total Current Assets was MXN0 Mil.
Total Current Liabilities was MXN0 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.

Smurfit WestRock's current Net Income (TTM) was 3,324. ==> 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.

Smurfit WestRock's current Cash Flow from Operations (TTM) was 28,818. ==> 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)
=3324.405/0
=

ROA (Last Year)=Net Income/Total Assets (Dec21)
=3988.927/271911.183
=0.01466996

Smurfit WestRock's return on assets of this year was . Smurfit WestRock's return on assets of last year was 0.01466996. ==> 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.

Smurfit WestRock's current Net Income (TTM) was 3,324. Smurfit WestRock's current Cash Flow from Operations (TTM) was 28,818. ==> 28,818 > 3,324 ==> 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 Sep23 to Dec24
=261572.189/583784.0415
=0.44806327

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Sep23
=0/257095.34525
=0

Smurfit WestRock's gearing of this year was 0.44806327. Smurfit WestRock's gearing of last year was 0. ==> 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
=209704.063/152934.848
=1.37119869

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=0/0
=

Smurfit WestRock's current ratio of this year was 1.37119869. Smurfit WestRock's current ratio of last year was . ==> 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.

Smurfit WestRock's number of shares in issue this year was 524. Smurfit WestRock's number of shares in issue last year was 259. ==> 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
=81250.603/411248.097
=0.19757077

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12924.822/50776.085
=0.25454546

Smurfit WestRock's gross margin of this year was 0.19757077. Smurfit WestRock's gross margin of last year was 0.25454546. ==> 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)
=411248.097/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=50776.085/271911.183
=0.18673776

Smurfit WestRock's asset turnover of this year was . Smurfit WestRock's asset turnover of last year was 0.18673776. ==> 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+1+0+0+0
=4

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

Smurfit WestRock has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Smurfit WestRock  (MEX:SW1 N) 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.


Smurfit WestRock Piotroski F-Score Related Terms

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Smurfit WestRock Business Description

Traded in Other Exchanges
Address
Beech Hill, Clonskeagh, Dublin 4, Dublin, IRL, D04 N2R2
Smurfit WestRock manufactures corrugated packaging and consumer packaging, such as folding cartons and paperboard. After the merger of Smurfit Kappa and WestRock in summer 2024, Smurfit WestRock became the largest producer of containerboard in the world, with substantial operations in North America, South America, and Europe.

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