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Canterbury Park Holding Piotroski F-Score

: 8 (As of Today)
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Good Sign:

Piotroski F-Score is 8, indicating 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

Canterbury Park Holding has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

NAS:CPHC' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 8

2
8

During the past 13 years, the highest Piotroski F-Score of Canterbury Park Holding was 8. The lowest was 2. And the median was 6.


Canterbury Park Holding Piotroski F-Score Historical Data

The historical data trend for Canterbury Park Holding'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.

Canterbury Park Holding Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 5.00 3.00 5.00

Canterbury Park Holding Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 5.00 5.00 5.00 7.00 8.00

Competitive Comparison

For the Gambling subindustry, Canterbury Park Holding'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.

   

Canterbury Park Holding Piotroski F-Score Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Canterbury Park Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Canterbury Park Holding'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 (Sep21) TTM:Last Year (Sep20) TTM:
Net Income was 0.139 + 0.551 + 1.869 + 2.757 = $5.32 Mil.
Cash Flow from Operations was 0.997 + 1.844 + 9.793 + -1.184 = $11.45 Mil.
Revenue was 6.123 + 9.226 + 15.872 + 21.347 = $52.57 Mil.
Gross Profit was 4.782 + 7.683 + 12.201 + 16.712 = $41.38 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(67.641 + 68.805 + 69.312 + 79.875 + 76.798) / 5 = $72.4862 Mil.
Total Assets at the begining of this year (Sep20) was $67.64 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 Mil.
Total Current Assets was $19.24 Mil.
Total Current Liabilities was $11.56 Mil.
Net Income was 0.553 + 0.255 + -1.181 + 1.849 = $1.48 Mil.

Revenue was 12.602 + 10.949 + 2.768 + 13.3 = $39.62 Mil.
Gross Profit was 9.83 + 8.871 + 1.913 + 9.963 = $30.58 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(65.839 + 65.413 + 65.098 + 69.358 + 67.641) / 5 = $66.6698 Mil.
Total Assets at the begining of last year (Sep19) was $65.84 Mil.
Long-Term Debt & Capital Lease Obligation was $0.08 Mil.
Total Current Assets was $8.42 Mil.
Total Current Liabilities was $10.69 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.

Canterbury Park Holding's current Net Income (TTM) was 5.32. ==> 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.

Canterbury Park Holding's current Cash Flow from Operations (TTM) was 11.45. ==> 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 (Sep20)
=5.316/67.641
=0.07859139

ROA (Last Year)=Net Income/Total Assets (Sep19)
=1.476/65.839
=0.02241832

Canterbury Park Holding's return on assets of this year was 0.07859139. Canterbury Park Holding's return on assets of last year was 0.02241832. ==> 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.

Canterbury Park Holding's current Net Income (TTM) was 5.32. Canterbury Park Holding's current Cash Flow from Operations (TTM) was 11.45. ==> 11.45 > 5.32 ==> 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: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=0.026/72.4862
=0.00035869

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=0.075/66.6698
=0.00112495

Canterbury Park Holding's gearing of this year was 0.00035869. Canterbury Park Holding's gearing of last year was 0.00112495. ==> 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: Sep21)=Total Current Assets/Total Current Liabilities
=19.243/11.559
=1.66476339

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=8.42/10.689
=0.7877257

Canterbury Park Holding's current ratio of this year was 1.66476339. Canterbury Park Holding's current ratio of last year was 0.7877257. ==> 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.

Canterbury Park Holding's number of shares in issue this year was 4.786. Canterbury Park Holding's number of shares in issue last year was 4.709. ==> 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
=41.378/52.568
=0.78713286

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=30.577/39.619
=0.77177617

Canterbury Park Holding's gross margin of this year was 0.78713286. Canterbury Park Holding's gross margin of last year was 0.77177617. ==> 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 (Sep20)
=52.568/67.641
=0.77716178

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=39.619/65.839
=0.6017558

Canterbury Park Holding's asset turnover of this year was 0.77716178. Canterbury Park Holding's asset turnover of last year was 0.6017558. ==> 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
=1+1+1+1+1+1+0+1+1
=8

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

Canterbury Park Holding has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Canterbury Park Holding  (NAS:CPHC) 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.


Canterbury Park Holding Piotroski F-Score Related Terms

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


Canterbury Park Holding Business Description

Canterbury Park Holding logo
Industry
Consumer Cyclical » Travel & Leisure NAICS : 711212 SIC : 7948
Traded in Other Exchanges
N/A
Address
1100 Canterbury Road, Shakopee, MN, USA, 55379
Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and live horse races; the Card Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents our real estate development operations. The firm generates a majority of its revenue from the Card Casino segment.
Executives
Chronister Mark director 1100 CANTERBURY ROAD SOUTH SHAKOPEE MN 55379
Schenian Dale H director, 10 percent owner PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SCHENIAN DALE H a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Sampson Randall D director, 10 percent owner, officer: President and CEO 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Offerman Carin J director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: OFFERMAN CARIN J a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Dahlberg Burton F director 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Dehmer Randy J officer: Chief Financial Officer 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Bausch Maureen Hooley director 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Himle John Stefan director 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Sampson Curtis A director, 10 percent owner PO BOX 777 S MAIN ST HECTOR MN 55342
Wolf Robert officer: Chief Financial Officer 1100 CANTERBURY RD. SHAKOPEE MN 55379
Kennedy Daniel J. officer: Senior VP of Operations 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Hochman Michael officer: Vice President - Card Casino 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Canterbury Park Holding Corp officer: Vice President - Racing 1100 CANTERBURY ROAD S. SHAKOPEE MN 55379
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