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MTY Food Group (MTY Food Group) Piotroski F-Score : 7 (As of Jun. 24, 2024)


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What is MTY Food Group Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

MTY Food Group 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 MTY Food Group's Piotroski F-Score or its related term are showing as below:

MTYFF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of MTY Food Group was 8. The lowest was 4. And the median was 6.


MTY Food Group Piotroski F-Score Historical Data

The historical data trend for MTY Food Group'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.

MTY Food Group Piotroski F-Score Chart

MTY Food Group Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 6.00 5.00 8.00

MTY Food Group Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 5.00 4.00 5.00 8.00 7.00

Competitive Comparison of MTY Food Group's Piotroski F-Score

For the Restaurants subindustry, MTY Food Group'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.


MTY Food Group's Piotroski F-Score Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, MTY Food Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where MTY Food Group'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 (Feb24) TTM:Last Year (Feb23) TTM:
Net Income was 22.46 + 28.856 + 11.997 + 12.819 = $76.1 Mil.
Cash Flow from Operations was 41.667 + 38.392 + 33.422 + 40.132 = $153.6 Mil.
Revenue was 225.804 + 221.16 + 204.299 + 206.403 = $857.7 Mil.
Gross Profit was 109.797 + 109.048 + 1.161 + 72.35 = $292.4 Mil.
Average Total Assets from the begining of this year (Feb23)
to the end of this year (Feb24) was
(1998.693 + 1989.629 + 1990.054 + 1955.219 + 1968.911) / 5 = $1980.5012 Mil.
Total Assets at the begining of this year (Feb23) was $1,998.7 Mil.
Long-Term Debt & Capital Lease Obligation was $848.8 Mil.
Total Current Assets was $201.7 Mil.
Total Current Liabilities was $330.3 Mil.
Net Income was 22.256 + 17.369 + 5.295 + 13.667 = $58.6 Mil.

Revenue was 126.385 + 132.802 + 179.81 + 212.578 = $651.6 Mil.
Gross Profit was 68.603 + 74.242 + -0.2 + 75.709 = $218.4 Mil.
Average Total Assets from the begining of last year (Feb22)
to the end of last year (Feb23) was
(1491.817 + 1459.268 + 1462.833 + 1731.712 + 1998.693) / 5 = $1628.8646 Mil.
Total Assets at the begining of last year (Feb22) was $1,491.8 Mil.
Long-Term Debt & Capital Lease Obligation was $925.0 Mil.
Total Current Assets was $204.1 Mil.
Total Current Liabilities was $337.6 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.

MTY Food Group's current Net Income (TTM) was 76.1. ==> 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.

MTY Food Group's current Cash Flow from Operations (TTM) was 153.6. ==> 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 (Feb23)
=76.132/1998.693
=0.03809089

ROA (Last Year)=Net Income/Total Assets (Feb22)
=58.587/1491.817
=0.03927224

MTY Food Group's return on assets of this year was 0.03809089. MTY Food Group's return on assets of last year was 0.03927224. ==> 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.

MTY Food Group's current Net Income (TTM) was 76.1. MTY Food Group's current Cash Flow from Operations (TTM) was 153.6. ==> 153.6 > 76.1 ==> 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: Feb24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb23 to Feb24
=848.817/1980.5012
=0.42858697

Gearing (Last Year: Feb23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb22 to Feb23
=924.994/1628.8646
=0.56787654

MTY Food Group's gearing of this year was 0.42858697. MTY Food Group's gearing of last year was 0.56787654. ==> 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: Feb24)=Total Current Assets/Total Current Liabilities
=201.735/330.276
=0.61080732

Current Ratio (Last Year: Feb23)=Total Current Assets/Total Current Liabilities
=204.079/337.645
=0.60441884

MTY Food Group's current ratio of this year was 0.61080732. MTY Food Group's current ratio of last year was 0.60441884. ==> 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.

MTY Food Group's number of shares in issue this year was 24.335. MTY Food Group's number of shares in issue last year was 24.498. ==> 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
=292.356/857.666
=0.34087395

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=218.354/651.575
=0.33511722

MTY Food Group's gross margin of this year was 0.34087395. MTY Food Group's gross margin of last year was 0.33511722. ==> 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 (Feb23)
=857.666/1998.693
=0.42911343

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb22)
=651.575/1491.817
=0.43676604

MTY Food Group's asset turnover of this year was 0.42911343. MTY Food Group's asset turnover of last year was 0.43676604. ==> 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

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

MTY Food Group  (OTCPK:MTYFF) 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.


MTY Food Group Piotroski F-Score Related Terms

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MTY Food Group (MTY Food Group) Business Description

Traded in Other Exchanges
Address
8150 autoroute Transcanadienne, Suite 200, Saint-Laurent, QC, CAN, H4S 1M5
MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.

MTY Food Group (MTY Food Group) Headlines

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