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MSAI (MultiSensor AI Holdings) Piotroski F-Score : N/A (As of Mar. 16, 2025)


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What is MultiSensor AI Holdings 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

MultiSensor AI Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

During the past 3 years, the highest Piotroski F-Score of MultiSensor AI Holdings was 3. The lowest was 3. And the median was 3.


MultiSensor AI Holdings Piotroski F-Score Historical Data

The historical data trend for MultiSensor AI Holdings'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.

MultiSensor AI Holdings Piotroski F-Score Chart

MultiSensor AI Holdings Annual Data
Trend Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A

MultiSensor AI Holdings Quarterly Data
Dec21 Mar22 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 N/A N/A 3.00 N/A N/A

Competitive Comparison of MultiSensor AI Holdings's Piotroski F-Score

For the Software - Infrastructure subindustry, MultiSensor AI Holdings'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.


MultiSensor AI Holdings's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, MultiSensor AI Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where MultiSensor AI Holdings'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 -16.833 + -3.922 + -6.393 + -8.195 = $-35.34 Mil.
Cash Flow from Operations was -3.031 + 0.492 + -0.303 + -12.699 = $-15.54 Mil.
Revenue was 1.614 + 2.275 + 2.125 + 1.602 = $7.62 Mil.
Gross Profit was -0.896 + 0.871 + 1.587 + 1.069 = $2.63 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(18.564 + 16.372 + 14.113 + 16.41 + 18.892) / 5 = $16.8702 Mil.
Total Assets at the begining of this year (Sep23) was $18.56 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 Mil.
Total Current Assets was $14.32 Mil.
Total Current Liabilities was $3.08 Mil.
Net Income was -7.552 + -2.907 + -0.653 + -1.875 = $-12.99 Mil.

Revenue was 2.02 + 0.98 + 1.337 + 1.499 = $5.84 Mil.
Gross Profit was 0.204 + 0.515 + -0.608 + 1.047 = $1.16 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(0 + 17.461 + 16.977 + 0 + 18.564) / 5 = $17.66733333 Mil.
Total Assets at the begining of last year (Sep22) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $13.66 Mil.
Total Current Liabilities was $13.22 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.

MultiSensor AI Holdings's current Net Income (TTM) was -35.34. ==> 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.

MultiSensor AI Holdings's current Cash Flow from Operations (TTM) was -15.54. ==> Negative ==> Score 0.

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)
=-35.343/18.564
=-1.90384615

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-12.987/0
=

MultiSensor AI Holdings's return on assets of this year was -1.90384615. MultiSensor AI Holdings's return on assets of last year was . ==> 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.

MultiSensor AI Holdings's current Net Income (TTM) was -35.34. MultiSensor AI Holdings's current Cash Flow from Operations (TTM) was -15.54. ==> -15.54 > -35.34 ==> 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
=0.028/16.8702
=0.00165973

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0/17.66733333
=0

MultiSensor AI Holdings's gearing of this year was 0.00165973. MultiSensor AI Holdings'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: Sep24)=Total Current Assets/Total Current Liabilities
=14.315/3.075
=4.65528455

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=13.663/13.222
=1.0333535

MultiSensor AI Holdings's current ratio of this year was 4.65528455. MultiSensor AI Holdings's current ratio of last year was 1.0333535. ==> 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.

MultiSensor AI Holdings's number of shares in issue this year was 24.268. MultiSensor AI Holdings's number of shares in issue last year was 11.957. ==> 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
=2.631/7.616
=0.34545693

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.158/5.836
=0.19842358

MultiSensor AI Holdings's gross margin of this year was 0.34545693. MultiSensor AI Holdings's gross margin of last year was 0.19842358. ==> 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 (Sep23)
=7.616/18.564
=0.41025641

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=5.836/0
=

MultiSensor AI Holdings's asset turnover of this year was 0.41025641. MultiSensor AI Holdings's asset turnover of last year was . ==> 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
=0+0+1+1+0+1+0+1+1
=5

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

MultiSensor AI Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

MultiSensor AI Holdings  (NAS:MSAI) 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.


MultiSensor AI Holdings Piotroski F-Score Related Terms

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MultiSensor AI Holdings Business Description

Traded in Other Exchanges
N/A
Address
2105 West Cardinal Drive, Beaumont, TX, USA, 77705
MultiSensor AI Holdings Inc develops and sells a full-stack, AI-driven predictive maintenance solution. MultiSensor AI's SmartIR and associated software platforms, powered by AWS, leverage MSAI-built thermal imaging, visible imaging, acoustic imaging, vibration, and laser sensing devices for condition-based monitoring of critical mechanical and electrical assets and manufactured outputs. Its solutions are deployed by organizations to protect critical assets across a wide range of industries including distribution & logistics, manufacturing, utilities, and oil & gas. MSAI designs and manufactures digital thermal sensing solution platforms with edge and cloud-based software. The company generates the majority of its revenue from product sales.