GURUFOCUS.COM » STOCK LIST » USA » NAS » Constellation Energy Corp (NAS:CEG) » Definitions » Piotroski F-Score
Switch to:

Constellation Energy Piotroski F-Score

: N/A (As of Today)
View and export this data going back to 2022. Start your Free Trial

The zones of discrimination were as such:

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

Constellation Energy has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

During the past 4 years, the highest Piotroski F-Score of Constellation Energy was 9999. The lowest was 0. And the median was 0.


Constellation Energy Piotroski F-Score Historical Data

The historical data trend for Constellation Energy'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.

Constellation Energy Annual Data
Trend Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
N/A N/A N/A N/A

Constellation Energy Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only - N/A N/A N/A -

Competitive Comparison

For the Utilities - Renewable subindustry, Constellation Energy'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.

   

Constellation Energy Piotroski F-Score Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Constellation Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Constellation Energy'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 (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was 607 + 42 + 106 + -111 = $644 Mil.
Cash Flow from Operations was 1331 + -2312 + 1351 + -88 = $282 Mil.
Revenue was 4405 + 5532 + 5591 + 5465 = $20,993 Mil.
Gross Profit was 2859 + 1472 + 2041 + 1957 = $8,329 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(0 + 48010 + 48086 + 46846 + 45333) / 5 = $47068.75 Mil.
Total Assets at the begining of this year (Jun21) was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $4,507 Mil.
Total Current Assets was $8,090 Mil.
Total Current Liabilities was $5,878 Mil.
Net Income was 0 + 19 + -793 + -61 = $-835 Mil.

Revenue was 0 + 4331 + 5559 + 4153 = $14,043 Mil.
Gross Profit was 0 + 1707 + 949 + 2206 = $4,862 Mil.
Average Total Assets from the begining of last year (Dec18)
to the end of last year (Jun21) was
(0 + 48995 + 48094 + 0 + 0) / 5 = $48544.5 Mil.
Total Assets at the begining of last year (Dec18) was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $0 Mil.
Total Current Liabilities was $0 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.

Constellation Energy's current Net Income (TTM) was 644. ==> 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.

Constellation Energy's current Cash Flow from Operations (TTM) was 282. ==> 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 (Jun21)
=644/0
=

ROA (Last Year)=Net Income/Total Assets (Dec18)
=-835/0
=

Constellation Energy's return on assets of this year was . Constellation Energy's return on assets of last year was . ==> 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.

Constellation Energy's current Net Income (TTM) was 644. Constellation Energy's current Cash Flow from Operations (TTM) was 282. ==> 282 <= 644 ==> CFROA <= ROA ==> Score 0.

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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=4507/47068.75
=0.09575355

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Jun21
=0/48544.5
=0

Constellation Energy's gearing of this year was 0.09575355. Constellation Energy'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: Jun22)=Total Current Assets/Total Current Liabilities
=8090/5878
=1.37631848

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=0/0
=

Constellation Energy's current ratio of this year was 1.37631848. Constellation Energy's current ratio of last year was . ==> 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.

Constellation Energy's number of shares in issue this year was 328. Constellation Energy's number of shares in issue last year was 326.3. ==> 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
=8329/20993
=0.3967513

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4862/14043
=0.34622232

Constellation Energy's gross margin of this year was 0.3967513. Constellation Energy's gross margin of last year was 0.34622232. ==> 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 (Jun21)
=20993/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec18)
=14043/0
=

Constellation Energy's asset turnover of this year was . Constellation Energy's asset turnover of last year was . ==> 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+0+0+1+0+1+0
=4

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

Constellation Energy has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Constellation Energy  (NAS:CEG) 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.


Constellation Energy Piotroski F-Score Related Terms

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


Constellation Energy Business Description

Constellation Energy logo
Traded in Other Exchanges
Address
1310 Point Street, Baltimore, MD, USA, 21231
Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.
Executives
Hanson Bryan Craig officer: EVP & Chief Generation Officer 10 S. DEARBORN STREET 54TH FLOOR CHICAGO IL 60603
Koehler Michael officer: EVP & Chief Admin Officer 1310 POINT STREET BALTIMORE MD 21231
Bauer Matthew N officer: SVP & Controller 1310 POINT STREET BALTIMORE MD 21231
Barron Kathleen officer: EVP & Chief Strategy Officer 1310 POINT STREET BALTIMORE MD 21231
Dardis David O. officer: EVP & General Counsel 1310 POINT STREET BALTIMORE MD 21231
Eggers Daniel L. officer: EVP & CFO 1310 POINT STREET BALTIMORE MD 21231
Mchugh James officer: EVP & Chief Commercial Officer 10 S DEARBORN STREET 54TH FLOOR CHICAGO IL 60603
Ashish Khandpur K director 3M COMPANY LEGAL AFFAIRS 3M CENTER ST PAUL MN 55144-1000
Dominguez Joseph director, officer: President & CEO 10 SOUTH DEARBORN STREET CHICAGO IL 60603
Holzrichter Julie director 20 S. WACKER DRIVE CHICAGO IL 60606
De Balmann Yves C director 360 MADISON AVE 20TH FL C/O BREGAL INVESTMENTS NEW YORK NY 10017
Lawless Robert J director C/O CARPENTER TECHNOLOGY CORP 1047 NORTH PARK ROAD WYOMISSING PA 19610
Halverson Bradley M director 100 N.E. ADAMS STREET PEORIA IL 61629
Richardson John M director 10 S. DEARBORN STREET 54TH FLOOR CHICAGO IL 60603
Ferguson Rhonda S director 1400 DOUGLAS ST OMAHA NE 68179
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)