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Meta Platforms 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

Meta Platforms 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 Meta Platforms's Piotroski F-Score or its related term are showing as below:

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

4
8

During the past 11 years, the highest Piotroski F-Score of Meta Platforms was 8. The lowest was 4. And the median was 7.


Meta Platforms Piotroski F-Score Historical Data

The historical data trend for Meta Platforms'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.

Meta Platforms 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 8.00 8.00 7.00 5.00 6.00

Meta Platforms 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 6.00 6.00 7.00 7.00 6.00

Competitive Comparison

For the Internet Content & Information subindustry, Meta Platforms'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.

   

Meta Platforms Piotroski F-Score Distribution

For the Interactive Media industry and Communication Services sector, Meta Platforms's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Meta Platforms'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 11219 + 9497 + 10394 + 9194 = $40,304 Mil.
Cash Flow from Operations was 14040 + 12242 + 13247 + 14090 = $53,619 Mil.
Revenue was 28072 + 26171 + 29077 + 29010 = $112,330 Mil.
Gross Profit was 22862 + 21040 + 23678 + 23239 = $90,819 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(146437 + 159316 + 163523 + 170609 + 169585) / 5 = $161894 Mil.
Total Assets at the begining of this year (Sep20) was $146,437 Mil.
Long-Term Debt & Capital Lease Obligation was $11,554 Mil.
Total Current Assets was $75,421 Mil.
Total Current Liabilities was $17,812 Mil.
Net Income was 7349 + 4902 + 5178 + 7846 = $25,275 Mil.

Revenue was 21082 + 17737 + 18687 + 21470 = $78,976 Mil.
Gross Profit was 17591 + 14278 + 14858 + 17276 = $64,003 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(124418 + 133376 + 138371 + 139691 + 146437) / 5 = $136458.6 Mil.
Total Assets at the begining of last year (Sep19) was $124,418 Mil.
Long-Term Debt & Capital Lease Obligation was $9,641 Mil.
Total Current Assets was $65,799 Mil.
Total Current Liabilities was $11,944 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.

Meta Platforms's current Net Income (TTM) was 40,304. ==> 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.

Meta Platforms's current Cash Flow from Operations (TTM) was 53,619. ==> 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)
=40304/146437
=0.27523099

ROA (Last Year)=Net Income/Total Assets (Sep19)
=25275/124418
=0.20314585

Meta Platforms's return on assets of this year was 0.27523099. Meta Platforms's return on assets of last year was 0.20314585. ==> 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.

Meta Platforms's current Net Income (TTM) was 40,304. Meta Platforms's current Cash Flow from Operations (TTM) was 53,619. ==> 53,619 > 40,304 ==> 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
=11554/161894
=0.07136769

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=9641/136458.6
=0.07065146

Meta Platforms's gearing of this year was 0.07136769. Meta Platforms's gearing of last year was 0.07065146. ==> 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: Sep21)=Total Current Assets/Total Current Liabilities
=75421/17812
=4.23428026

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=65799/11944
=5.50895847

Meta Platforms's current ratio of this year was 4.23428026. Meta Platforms's current ratio of last year was 5.50895847. ==> 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.

Meta Platforms's number of shares in issue this year was 2859. Meta Platforms's number of shares in issue last year was 2891. ==> 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
=90819/112330
=0.80850174

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=64003/78976
=0.81041076

Meta Platforms's gross margin of this year was 0.80850174. Meta Platforms's gross margin of last year was 0.81041076. ==> Last year's gross margin is higher ==> Score 0.

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)
=112330/146437
=0.76708755

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=78976/124418
=0.63476346

Meta Platforms's asset turnover of this year was 0.76708755. Meta Platforms's asset turnover of last year was 0.63476346. ==> 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+0+0+1+0+1
=6

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

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

Meta Platforms  (NAS:FB) 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.


Meta Platforms Piotroski F-Score Related Terms

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


Meta Platforms Business Description

Meta Platforms logo
Industry
Address
1601 Willow Road, Menlo Park, CA, USA, 94025
Facebook is the world's largest online social network, with 2.5 billion monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Facebook refers to this as Facebook Watch. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with 50% coming from the U.S. and Canada and 25% from Europe. With gross margins above 80%, Facebook operates at a 30%-plus margin.
Executives
Newstead Jennifer officer: VP and General Counsel C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Fischer David B. officer: Chief Revenue Officer C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Wehner David M. officer: Chief Financial Officer C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Taylor Susan J.s. officer: Chief Accounting Officer C/O LINKEDIN CORPORATION 2029 STIERLIN COURT MOUNTAIN VIEW CA 94043
Kimmitt Robert M director C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Travis Tracey Thomas director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: TRAVIS TRACEY THOMAS 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;}
Sandberg Sheryl director, officer: Chief Operating Officer 1 FACEBOOK WAY MENLO PARK CA 94025
Killefer Nancy director 3170 FAIRVIEW PARK DRIVE FALLS CHURCH VA 22042
Houston Andrew director 333 BRANNAN STREET SAN FRANCISCO CA 94107
Schroepfer Michael Todd officer: Chief Technology Officer C/O FACEBOOK INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Cox Christopher K officer: Chief Product Officer C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Andreessen Marc L director C/O ARNOLD & PORTER LLP 3 EMBARCADERO CENTER 7TH FLOOR SAN FRANCISCO CA 94111
Alford Peggy director 435 TASSO STREET PALO ALTO CA 94301
Thiel Peter director 9200 SUNSET BOULEVARD SUITE 1110 WEST HOLLYWOOD CA 90069
Zients Jeffrey D director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: ZIENTS JEFFREY D 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;}

Meta Platforms Headlines

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