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Home BancShares Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, 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

Home BancShares has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

NAS:HOMB' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

3
9

During the past 13 years, the highest Piotroski F-Score of Home BancShares was 9. The lowest was 3. And the median was 6.


Home BancShares Piotroski F-Score Historical Data

The historical data trend for Home BancShares'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.

Home BancShares 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 8.00 5.00 6.00

Home BancShares 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 -

Competitive Comparison

For the Banks - Regional subindustry, Home BancShares'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.

   

Home BancShares Piotroski F-Score Distribution

For the Banks industry and Financial Services sector, Home BancShares's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Home BancShares'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 (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 69.32 + 81.794 + 91.602 + 79.07 = $321.8 Mil.
Cash Flow from Operations was 69.047 + 91.558 + 121.084 + 91.332 = $373.0 Mil.
Revenue was 173.431 + 179.157 + 190.906 + 169.506 = $713.0 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(16895.406 + 16549.758 + 16398.804 + 17240.241 + 17627.192) / 5 = $16942.2802 Mil.
Total Assets at the begining of this year (Jun20) was $16,895.4 Mil.
Long-Term Debt & Capital Lease Obligation was $770.7 Mil.
Total Assets was $17,627.2 Mil.
Total Liabilities was $14,931.0 Mil.
Net Income was 72.763 + 73.262 + 0.507 + 62.827 = $209.4 Mil.

Revenue was 165.541 + 165.618 + 160.632 + 171.343 = $663.1 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(15287.575 + 14901.935 + 15032.047 + 15531.732 + 16895.406) / 5 = $15529.739 Mil.
Total Assets at the begining of last year (Jun19) was $15,287.6 Mil.
Long-Term Debt & Capital Lease Obligation was $901.4 Mil.
Total Assets was $16,895.4 Mil.
Total Liabilities was $14,403.3 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.

Home BancShares's current Net Income (TTM) was 321.8. ==> 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.

Home BancShares's current Cash Flow from Operations (TTM) was 373.0. ==> 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 (Jun20)
=321.786/16895.406
=0.01904577

ROA (Last Year)=Net Income/Total Assets (Jun19)
=209.359/15287.575
=0.01369472

Home BancShares's return on assets of this year was 0.01904577. Home BancShares's return on assets of last year was 0.01369472. ==> 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.

Home BancShares's current Net Income (TTM) was 321.8. Home BancShares's current Cash Flow from Operations (TTM) was 373.0. ==> 373.0 > 321.8 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=770.707/16942.2802
=0.04549016

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=901.371/15529.739
=0.05804161

Home BancShares's gearing of this year was 0.04549016. Home BancShares's gearing of last year was 0.05804161. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Jun21)=Total Assets/Total Liabilities
=17627.192/14931.003
=1.18057655

Current Ratio (Last Year: Jun20)=Total Assets/Total Liabilities
=16895.406/14403.26
=1.17302652

Home BancShares's current ratio of this year was 1.18057655. Home BancShares's current ratio of last year was 1.17302652. ==> 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.

Home BancShares's number of shares in issue this year was 165.226. Home BancShares's number of shares in issue last year was 165.163. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=321.786/713
=0.45131276

Net Margin (Last Year: TTM)=Net Income/Revenue
=209.359/663.134
=0.31571146

Home BancShares's net margin of this year was 0.45131276. Home BancShares's net margin of last year was 0.31571146. ==> This year's net 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 (Jun20)
=713/16895.406
=0.04220082

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=663.134/15287.575
=0.04337732

Home BancShares's asset turnover of this year was 0.04220082. Home BancShares's asset turnover of last year was 0.04337732. ==> 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+1+0+1+0
=7

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

Home BancShares has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Home BancShares  (NAS:HOMB) 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.


Home BancShares Piotroski F-Score Related Terms

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Home BancShares Business Description

Home BancShares logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6022
Traded in Other Exchanges
N/A
Address
72032, Suite 100, Conway, AR, USA, 72032
Home BancShares is a bank holding company that primarily operates through its wholly owned community bank subsidiary, Centennial Bank. The bank provides a broad range of commercial and retail banking, as well as related financial services, to a diverse customer base. Its customer base includes businesses, real estate developers and investors, individuals, and municipalities. The company's loan portfolio, while diversified, is typically between half and two thirds in commercial real estate loans. The company's strategy emphasizes growth, both through strategic acquisitions and organically within its existing markets. The bank also emphasizes attracting experienced bankers, strong credit quality, and a solid balance sheet. The bank's main source of net revenue is net interest income.
Executives
Carter Russell Davis Iii officer: Centennial Bank Regional Pres. 15 GETTYSBURG SOUTH CABOT AR 72023
Hinkle James G director P.O. BOX 1228 MOUNTAIN VIEW AR 72560
French Tracy director, officer: Centennial Bank CEO/President 78 GREYSTONE BLVD CABOT AR 72023
Floyd Jennifer C. officer: Chief Accounting Officer P.O. BOX 966 CONWAY AR 72033
Beebe Mike director 2200 WEST DON TYSON PARKWAY SPRINGDALE AR 72762
Garrett Karen director P.O. BOX 966 CONWAY AR 72033
Rankin Jim director P.O. BOX 966 CONWAY AR 72033
Townsell Donna director, officer: Director of Investor Relations P.O. BOX 966 CONWAY AR 72033
Adams Milburn director 1502 DOGWOOD TRAIL CONWAY AR 72032
Adcock Robert H Jr director P O BOX 966 CONWAY AR 72033
Engelkes Jack director P O BOX 1167 CONWAY AR 72032
Davis Brian director, officer: Chief Financial Officer 6 GATEWOOD CV LITTLE ROCK AR 72206
Ashley Richard H director 2851 LAKEWOOD VILLAGE DR. NORTH LITTLE ROCK AR 72116
Longe Thomas J director TIB BANK 599 9TH STREET NO. SUITE 101 NAPLES FL 34102
Lieblong Alex R director 210 E. ELM STREET P. O. BOX 7200 EL DORADO AR 71730

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