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MTY Food Group Piotroski F-Score

: 6 (As of Today)
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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 6 indicating the company's financial situation is typical for a stable company.

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

OTCPK:MTYFF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

3
9

During the past 13 years, the highest Piotroski F-Score of MTY Food Group was 9. The lowest was 3. 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 Annual Data
Trend Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 7.00 5.00 4.00

MTY Food Group Quarterly Data
Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 4.00 4.00 4.00 5.00 6.00

Competitive Comparison

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 Piotroski F-Score Distribution

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 (May21) TTM:Last Year (May20) TTM:
Net Income was 17.334643586061 + 15.358372217548 + 10.552142407057 + 18.992164948454 = $62.2 Mil.
Cash Flow from Operations was 29.196462317636 + 34.300466610571 + 24.658947700063 + 24.363711340206 = $112.5 Mil.
Revenue was 102.32519464812 + 97.271475560315 + 93.698802772527 + 112.04701030928 = $405.3 Mil.
Gross Profit was 61.059036964245 + 50.735102883806 + 50.011027095148 + 63.345154639175 = $225.2 Mil.
Average Total Assets from the begining of this year (May20)
to the end of this year (May21) was
(1525.8552819926 + 1542.989643964 + 1540.3480455901 + 1560.7466918715 + 1576.7298969072) / 5 = $1549.33391207 Mil.
Total Assets at the begining of this year (May20) was $1,525.9 Mil.
Long-Term Debt & Capital Lease Obligation was $675.3 Mil.
Total Current Assets was $180.5 Mil.
Total Current Liabilities was $293.5 Mil.
Net Income was 17.254576960747 + 15.628918939337 + 14.30678910131 + -70.946178070427 = $-23.8 Mil.

Revenue was 121.51736608152 + 118.4437561381 + 113.48788198103 + 70.002862868594 = $423.5 Mil.
Gross Profit was 63.620131093197 + 59.44624915011 + 62.632093933464 + 35.551817921557 = $221.3 Mil.
Average Total Assets from the begining of last year (May19)
to the end of last year (May20) was
(1187.9108469539 + 1246.8703382807 + 1245.6002115283 + 1715.0692458227 + 1525.8552819926) / 5 = $1384.26118492 Mil.
Total Assets at the begining of last year (May19) was $1,187.9 Mil.
Long-Term Debt & Capital Lease Obligation was $712.2 Mil.
Total Current Assets was $171.6 Mil.
Total Current Liabilities was $265.5 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 62.2. ==> 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 112.5. ==> 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 (May20)
=62.237323159119/1525.8552819926
=0.04078848

ROA (Last Year)=Net Income/Total Assets (May19)
=-23.755893069033/1187.9108469539
=-0.01999804

MTY Food Group's return on assets of this year was 0.04078848. MTY Food Group's return on assets of last year was -0.01999804. ==> 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.

MTY Food Group's current Net Income (TTM) was 62.2. MTY Food Group's current Cash Flow from Operations (TTM) was 112.5. ==> 112.5 > 62.2 ==> 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: May21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May20 to May21
=675.2618556701/1549.33391207
=0.43584011

Gearing (Last Year: May20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May19 to May20
=712.18580017177/1384.26118492
=0.51448802

MTY Food Group's gearing of this year was 0.43584011. MTY Food Group's gearing of last year was 0.51448802. ==> 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: May21)=Total Current Assets/Total Current Liabilities
=180.51793814433/293.50103092784
=0.61505044

Current Ratio (Last Year: May20)=Total Current Assets/Total Current Liabilities
=171.63326653307/265.52676782136
=0.64638781

MTY Food Group's current ratio of this year was 0.61505044. MTY Food Group's current ratio of last year was 0.64638781. ==> 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.

MTY Food Group's number of shares in issue this year was 24.722. MTY Food Group's number of shares in issue last year was 24.719. ==> 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
=225.15032158237/405.34248329024
=0.555457

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=221.25029209833/423.45186706924
=0.52249219

MTY Food Group's gross margin of this year was 0.555457. MTY Food Group's gross margin of last year was 0.52249219. ==> 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 (May20)
=405.34248329024/1525.8552819926
=0.26564936

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May19)
=423.45186706924/1187.9108469539
=0.35646772

MTY Food Group's asset turnover of this year was 0.26564936. MTY Food Group's asset turnover of last year was 0.35646772. ==> 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+1+1+1+0+0+1+0
=6

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

MTY Food Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

Thank you for viewing the detailed overview of MTY Food Group's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


MTY Food Group Business Description

MTY Food Group logo
Industry
Consumer Cyclical » Restaurants NAICS : 722310 SIC : 9214
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. It generates maximum revenue from Canada. 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.
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