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Unipro PJSC (MIC:UPRO) Piotroski F-Score : 0 (As of Apr. 08, 2025)


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What is Unipro 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

Unipro 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 Unipro PJSC's Piotroski F-Score or its related term are showing as below:


Unipro PJSC Piotroski F-Score Historical Data

The historical data trend for Unipro 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.

Unipro PJSC Piotroski F-Score Chart

Unipro PJSC 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 6.00 4.00 6.00 9.00 7.00

Unipro PJSC Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Dec23
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 - - 9.00 - 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was ₽22,043 Mil.
Cash Flow from Operations was ₽31,432 Mil.
Revenue was ₽118,632 Mil.
Gross Profit was ₽113,376 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (146366.579 + 166251.904) / 2 = ₽156309.2415 Mil.
Total Assets at the begining of this year (Dec22) was ₽146,367 Mil.
Long-Term Debt & Capital Lease Obligation was ₽606 Mil.
Total Current Assets was ₽66,315 Mil.
Total Current Liabilities was ₽8,938 Mil.
Net Income was ₽21,268 Mil.

Revenue was ₽105,799 Mil.
Gross Profit was ₽99,892 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (127448.256 + 146366.579) / 2 = ₽136907.4175 Mil.
Total Assets at the begining of last year (Dec21) was ₽127,448 Mil.
Long-Term Debt & Capital Lease Obligation was ₽635 Mil.
Total Current Assets was ₽41,256 Mil.
Total Current Liabilities was ₽10,246 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.

Unipro PJSC's current Net Income (TTM) was 22,043. ==> 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.

Unipro PJSC's current Cash Flow from Operations (TTM) was 31,432. ==> 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 (Dec22)
=22042.856/146366.579
=0.15060034

ROA (Last Year)=Net Income/Total Assets (Dec21)
=21267.722/127448.256
=0.16687339

Unipro PJSC's return on assets of this year was 0.15060034. Unipro PJSC's return on assets of last year was 0.16687339. ==> 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.

Unipro PJSC's current Net Income (TTM) was 22,043. Unipro PJSC's current Cash Flow from Operations (TTM) was 31,432. ==> 31,432 > 22,043 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=606.371/156309.2415
=0.0038793

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=635.091/136907.4175
=0.00463884

Unipro PJSC's gearing of this year was 0.0038793. Unipro PJSC's gearing of last year was 0.00463884. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=66314.877/8937.98
=7.41944791

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=41256.309/10245.946
=4.02659832

Unipro PJSC's current ratio of this year was 7.41944791. Unipro PJSC's current ratio of last year was 4.02659832. ==> 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.

Unipro PJSC's number of shares in issue this year was 63048.706. Unipro PJSC's number of shares in issue last year was 63048.706. ==> 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
=113376.075/118631.946
=0.95569599

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=99891.802/105798.884
=0.94416688

Unipro PJSC's gross margin of this year was 0.95569599. Unipro PJSC's gross margin of last year was 0.94416688. ==> 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 (Dec22)
=118631.946/146366.579
=0.81051253

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=105798.884/127448.256
=0.83013207

Unipro PJSC's asset turnover of this year was 0.81051253. Unipro PJSC's asset turnover of last year was 0.83013207. ==> 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+1+1+1+1+0
=7

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

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

Unipro PJSC  (MIC:UPRO) 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.


Unipro PJSC Piotroski F-Score Related Terms

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Unipro PJSC Business Description

Traded in Other Exchanges
N/A
Address
Energostroiteley Street, Building 23, Unit 34, Khanty-Mansiysk Autonomous Okrug - Yugra, Surgut, RUS, 628406
Unipro PJSC is operating in the thermal power generation sector in the Russian Federation. The company's core operations comprise electric power and capacity generation and sales. Unipro consists of five heat power plants: Surgutskaya GRES-2, Berezovskaya GRES, Shaturskaya GRES, Smolenskaya GRES and Yaivinskaya GRES.

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