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Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Hain Celestial Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for The Hain Celestial Group's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of The Hain Celestial Group was 9. The lowest was 3. And the median was 5.
The historical data trend for The Hain Celestial 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.
For the Packaged Foods subindustry, The Hain Celestial 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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hain Celestial Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Hain Celestial 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Net Income was -115.727 + -18.699 + -10.376 + -13.535 = $-158 Mil. Cash Flow from Operations was 28.961 + 40.51 + 14.03 + 20.655 = $104 Mil. Revenue was 455.243 + 447.841 + 425.029 + 454.1 = $1,782 Mil. Gross Profit was 97.479 + 100.743 + 83.943 + 102.215 = $384 Mil. Average Total Assets from the begining of this year (Dec22) to the end of this year (Dec23) was (2438.158 + 2272.824 + 2258.639 + 2216.896 + 2233.634) / 5 = $2284.0302 Mil. Total Assets at the begining of this year (Dec22) was $2,438 Mil. Long-Term Debt & Capital Lease Obligation was $888 Mil. Total Current Assets was $599 Mil. Total Current Liabilities was $267 Mil. |
Net Income was 24.531 + 3.042 + 6.923 + 10.966 = $45 Mil. Revenue was 502.939 + 457.01 + 439.351 + 454.208 = $1,854 Mil. Gross Profit was 115.703 + 89.025 + 94.335 + 103.857 = $403 Mil. Average Total Assets from the begining of last year (Dec21) to the end of last year (Dec22) was (2485.369 + 2441.48 + 2458.384 + 2416.99 + 2438.158) / 5 = $2448.0762 Mil. Total Assets at the begining of last year (Dec21) was $2,485 Mil. Long-Term Debt & Capital Lease Obligation was $963 Mil. Total Current Assets was $605 Mil. Total Current Liabilities was $246 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.
The Hain Celestial Group's current Net Income (TTM) was -158.
==> Negative ==> Score 0.
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.
The Hain Celestial Group's current Cash Flow from Operations (TTM) was 104.
==> 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 (Dec22) |
= | -158.337 | / | 2438.158 | |
= | -0.06494124 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec21) |
= | 45.462 | / | 2485.369 | |
= | 0.01829185 |
The Hain Celestial Group's return on assets of this year was -0.06494124. The Hain Celestial Group's return on assets of last year was 0.01829185.
==> 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.
The Hain Celestial Group's current Net Income (TTM) was -158. The Hain Celestial Group's current Cash Flow from Operations (TTM) was 104.
==> 104 > -158 ==> 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: Dec23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec22 to Dec23 |
= | 887.697 | / | 2284.0302 | |
= | 0.38865379 |
Gearing (Last Year: Dec22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec21 to Dec22 |
= | 963.387 | / | 2448.0762 | |
= | 0.39352819 |
The Hain Celestial Group's gearing of this year was 0.38865379. The Hain Celestial Group's gearing of last year was 0.39352819.
==> 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: Dec23) | = | Total Current Assets | / | Total Current Liabilities |
= | 599.44 | / | 267.48 | |
= | 2.24106475 |
Current Ratio (Last Year: Dec22) | = | Total Current Assets | / | Total Current Liabilities |
= | 605.301 | / | 246.447 | |
= | 2.45611024 |
The Hain Celestial Group's current ratio of this year was 2.24106475. The Hain Celestial Group's current ratio of last year was 2.45611024.
==> 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.
The Hain Celestial Group's number of shares in issue this year was 89.811. The Hain Celestial Group's number of shares in issue last year was 89.578.
==> 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 |
= | 384.38 | / | 1782.213 | |
= | 0.21567568 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 402.92 | / | 1853.508 | |
= | 0.21738239 |
The Hain Celestial Group's gross margin of this year was 0.21567568. The Hain Celestial Group's gross margin of last year was 0.21738239.
==> 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 (Dec22) |
= | 1782.213 | / | 2438.158 | |
= | 0.73096698 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec21) |
= | 1853.508 | / | 2485.369 | |
= | 0.74576773 |
The Hain Celestial Group's asset turnover of this year was 0.73096698. The Hain Celestial Group's asset turnover of last year was 0.74576773.
==> 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 |
= | 0 | + | 1 | + | 0 | + | 1 | + | 1 | + | 0 | + | 0 | + | 0 | + | 0 | |
= | 3 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Hain Celestial Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The Hain Celestial Group (NAS:HAIN) 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.
Thank you for viewing the detailed overview of The Hain Celestial Group's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Dawn M. Zier | director | 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034 |
Carlyn R. Taylor | director | 5215 N. O'CONNOR BLVD., SUITE 2300, IRVING TX 75039 |
Wendy P Davidson | director, officer: President and CEO | 2210 WEST OAKLAWN DRIVE, SPRINGDALE AR 72762 |
Steven R. Golliher | officer: Global Ch Supply Chain Officer | C/O THE HAIN CELESTIAL GROUP, INC., 4600 SLEEPYTIME DRIVE, BOULDER CO 80301 |
Lee A. Boyce | officer: EVP & Chief Financial Officer | C/O THE HAIN CELESTIAL GROUP, INC., 4600 SLEEPYTIME DRIVE, BOULDER CO 80301 |
Neil Campbell | director | C/O THE HAIN CELESTIAL GROUP, INC., 4600 SLEEPYTIME DRIVE, BOULDER CO 80301 |
Michael Ragusa | officer: SVP, Chief Accounting Officer | 200 LIBERTY STREET, 14TH FLOOR, NEW YORK NY 10281 |
Mark L. Schiller | officer: President and CEO | C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042 |
Ameet Kumar | officer: SVP & Chief Accounting Officer | 606 CANTERFIELD PKWY W, WEST DUNDEE IL 60118 |
Glenn W. Welling | director | 610 NEWPORT CENTER DRIVE, SUITE 950, NEWPORT BEACH CA 92660 |
Chris Bellairs | officer: EVP & Chief Financial Officer | 2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204 |
David Karch | officer: EVP & Chief Operating Officer | HARMAN INTERNATIONAL, 1101 PENNSYLVANIA AVE, NW, SUITE 1010, WASHINGTON DC 20004 |
Wolfgang Goldenitsch | officer: CEO, International | C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042 |
Engaged Capital Llc | 10 percent owner | 610 NEWPORT CENTER DRIVE, SUITE 950, NEWPORT BEACH CA 92660 |
Engaged Capital Co-invest Vi-d, L.p. | other: See Footnote 1 | 610 NEWPORT CENTER DRIVE, SUITE 250, NEWPORT BEACH CA 92660 |
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