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TGC-14 PJSC (MIC:TGKN) Piotroski F-Score : 0 (As of Jul. 09, 2025)


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What is TGC-14 PJSC 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

TGC-14 PJSC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for TGC-14 PJSC's Piotroski F-Score or its related term are showing as below:


TGC-14 PJSC Piotroski F-Score Historical Data

The historical data trend for TGC-14 PJSC'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.

TGC-14 PJSC Piotroski F-Score Chart

TGC-14 PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 6.00 6.00 7.00

TGC-14 PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 7.00 -

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 (Dec22) TTM:Last Year (Dec21) TTM:
Net Income was ₽564 Mil.
Cash Flow from Operations was ₽3,150 Mil.
Revenue was ₽14,357 Mil.
Gross Profit was ₽6,660 Mil.
Average Total Assets from the begining of this year (Dec21)
to the end of this year (Dec22) was (12458.144 + 13391.005) / 2 = ₽12924.5745 Mil.
Total Assets at the begining of this year (Dec21) was ₽12,458 Mil.
Long-Term Debt & Capital Lease Obligation was ₽801 Mil.
Total Current Assets was ₽2,897 Mil.
Total Current Liabilities was ₽7,404 Mil.
Net Income was ₽128 Mil.

Revenue was ₽13,023 Mil.
Gross Profit was ₽5,984 Mil.
Average Total Assets from the begining of last year (Dec20)
to the end of last year (Dec21) was (12239.964 + 12458.144) / 2 = ₽12349.054 Mil.
Total Assets at the begining of last year (Dec20) was ₽12,240 Mil.
Long-Term Debt & Capital Lease Obligation was ₽660 Mil.
Total Current Assets was ₽2,994 Mil.
Total Current Liabilities was ₽4,441 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.

TGC-14 PJSC's current Net Income (TTM) was 564. ==> 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.

TGC-14 PJSC's current Cash Flow from Operations (TTM) was 3,150. ==> 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 (Dec21)
=564.158/12458.144
=0.04528427

ROA (Last Year)=Net Income/Total Assets (Dec20)
=128.188/12239.964
=0.01047291

TGC-14 PJSC's return on assets of this year was 0.04528427. TGC-14 PJSC's return on assets of last year was 0.01047291. ==> 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.

TGC-14 PJSC's current Net Income (TTM) was 564. TGC-14 PJSC's current Cash Flow from Operations (TTM) was 3,150. ==> 3,150 > 564 ==> 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: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=801.41/12924.5745
=0.06200668

Gearing (Last Year: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=660.45/12349.054
=0.05348183

TGC-14 PJSC's gearing of this year was 0.06200668. TGC-14 PJSC's gearing of last year was 0.05348183. ==> 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: Dec22)=Total Current Assets/Total Current Liabilities
=2897.324/7404.208
=0.39130775

Current Ratio (Last Year: Dec21)=Total Current Assets/Total Current Liabilities
=2994.044/4440.67
=0.67423249

TGC-14 PJSC's current ratio of this year was 0.39130775. TGC-14 PJSC's current ratio of last year was 0.67423249. ==> 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.

TGC-14 PJSC's number of shares in issue this year was 1357945.609. TGC-14 PJSC's number of shares in issue last year was 1357945.609. ==> 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
=6659.541/14357.476
=0.46383786

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5983.587/13022.572
=0.45947813

TGC-14 PJSC's gross margin of this year was 0.46383786. TGC-14 PJSC's gross margin of last year was 0.45947813. ==> 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 (Dec21)
=14357.476/12458.144
=1.15245706

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec20)
=13022.572/12239.964
=1.06393875

TGC-14 PJSC's asset turnover of this year was 1.15245706. TGC-14 PJSC's asset turnover of last year was 1.06393875. ==> 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+0+1+1+1
=7

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

TGC-14 PJSC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

TGC-14 PJSC  (MIC:TGKN) 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.


TGC-14 PJSC Piotroski F-Score Related Terms

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TGC-14 PJSC Business Description

Traded in Other Exchanges
N/A
Address
ul. Chaliapin, d. 41, office 09, Republic of Buryatia, Ulan-Ude, RUS, 670045
TGC-14 PJSC is engaged in the operation and wholesale of electricity and heat supply in the Trans-Baikal Territory and the Republic of Buryatia.

TGC-14 PJSC Headlines

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