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Liberty Latin America 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

Liberty Latin America 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 Liberty Latin America's Piotroski F-Score or its related term are showing as below:

NAS:LILA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

3
7

During the past 8 years, the highest Piotroski F-Score of Liberty Latin America was 7. The lowest was 3. And the median was 5.


Liberty Latin America Piotroski F-Score Historical Data

The historical data trend for Liberty Latin America'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.

Liberty Latin America Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 7.00 6.00 4.00

Liberty Latin America 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 4.00 4.00 3.00 5.00 6.00

Competitive Comparison

For the Telecom Services subindustry, Liberty Latin America'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.

   

Liberty Latin America Piotroski F-Score Distribution

For the Telecommunication Services industry and Communication Services sector, Liberty Latin America's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Liberty Latin America'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 -28.9 + 87.8 + 4.4 + 78.2 = $142 Mil.
Cash Flow from Operations was 149.1 + 203.5 + 240.2 + 274.1 = $867 Mil.
Revenue was 1097.2 + 1159.9 + 1168 + 1192 = $4,617 Mil.
Gross Profit was 831.4 + 879.7 + 892.3 + 901 = $3,504 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(14597.9 + 15230 + 15549.1 + 15497.9 + 15996.6) / 5 = $15374.3 Mil.
Total Assets at the begining of this year (Sep20) was $14,598 Mil.
Long-Term Debt & Capital Lease Obligation was $7,443 Mil.
Total Current Assets was $2,025 Mil.
Total Current Liabilities was $1,356 Mil.
Net Income was 42.3 + -180.7 + -393 + -84.6 = $-616 Mil.

Revenue was 974.6 + 931 + 848.9 + 887.5 = $3,642 Mil.
Gross Profit was 760.9 + 720.2 + 669.2 + 697.8 = $2,848 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(13542.3 + 14937.5 + 15198.5 + 14774.5 + 14597.9) / 5 = $14610.14 Mil.
Total Assets at the begining of last year (Sep19) was $13,542 Mil.
Long-Term Debt & Capital Lease Obligation was $8,175 Mil.
Total Current Assets was $2,406 Mil.
Total Current Liabilities was $1,585 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.

Liberty Latin America's current Net Income (TTM) was 142. ==> 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.

Liberty Latin America's current Cash Flow from Operations (TTM) was 867. ==> 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)
=141.5/14597.9
=0.00969318

ROA (Last Year)=Net Income/Total Assets (Sep19)
=-616/13542.3
=-0.0454871

Liberty Latin America's return on assets of this year was 0.00969318. Liberty Latin America's return on assets of last year was -0.0454871. ==> 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.

Liberty Latin America's current Net Income (TTM) was 142. Liberty Latin America's current Cash Flow from Operations (TTM) was 867. ==> 867 > 142 ==> 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
=7443.1/15374.3
=0.48412611

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=8175.4/14610.14
=0.55957027

Liberty Latin America's gearing of this year was 0.48412611. Liberty Latin America's gearing of last year was 0.55957027. ==> 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
=2024.7/1355.9
=1.49325171

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=2405.6/1585.1
=1.51763296

Liberty Latin America's current ratio of this year was 1.49325171. Liberty Latin America's current ratio of last year was 1.51763296. ==> 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.

Liberty Latin America's number of shares in issue this year was 253.43. Liberty Latin America's number of shares in issue last year was 185.381. ==> 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
=3504.4/4617.1
=0.75900457

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2848.1/3642
=0.78201538

Liberty Latin America's gross margin of this year was 0.75900457. Liberty Latin America's gross margin of last year was 0.78201538. ==> 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)
=4617.1/14597.9
=0.31628522

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=3642/13542.3
=0.26893511

Liberty Latin America's asset turnover of this year was 0.31628522. Liberty Latin America's asset turnover of last year was 0.26893511. ==> 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+0+0+0+1
=6

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

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

Liberty Latin America  (NAS:LILA) 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.


Liberty Latin America Piotroski F-Score Related Terms

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


Liberty Latin America Business Description

Liberty Latin America logo
Industry
Traded in Other Exchanges
Address
2 Church Street, Hamilton, BMU, HM 11
Liberty Latin America Ltd is a telecommunications company. It is a provider of video, broadband internet, fixed-line telephony and mobile services to residential and business customers. The company's reportable segments include C&W Caribbean and Networks, C&W Panama, VTR/Cableticaand Liberty Puerto Rico.
Executives
Zinterhofer Eric Louis director C/O SEARCHLIGHT CAPITAL PARTNERS GP, LP 745 FIFTH AVENUE, 27TH FLOOR NEW YORK NY 10151
Nair Balan director, officer: President and CEO 901 EXPLORER BOULEVARD HUNTSVILLE AL 35806
Sanchez Daniel E. director C/O DISCOVERY, INC. 8403 COLESVILLE ROAD SILVER SPRING MD 20910
Khemka Vivek officer: SVP, CT&PO C/O DISH NETWORK CORPORATION 9601 S MERIDIAN BLVD ENGLEWOOD CO 80112
Fries Michael T director, officer: Executive Chairman C/O LIBERTY GLOBAL, INC. 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112
Noyes Christopher J officer: SVP, CHIEF FINANCIAL OFFICER 1550 WEWATTA STREET SUITE 1000 DENVER CO 80202
Malone John C 10 percent owner 12300 LIBERTY BLVD ENGLEWOOD CO 80112
Gould Paul A director 711 FIFTH AVENUE 9TH FLOOR NEW YORK NY 10022
Bracken Charles H R director C/O UPC SERVICES LTD 12 STANHOPE GATE LONDON ENGLAND X0 W1Y 5LB
Kenigsztein Betzalel officer: SVP, CHIEF OPERATING OFFICER 1550 WEWATTA STREET SUITE 1000 DENVER CO 80202
Curtis Miranda director C/O LIBERTY GLOBAL, INC. 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112
Winter John M officer: SVP, CLO AND SECRETARY 1550 WEWATTA STREET SUITE 1000 DENVER CO 80202
Paddick Brendan J director 1550 WEWATTA STREET SUITE 1000 DENVER CO 80202
De Angoitia Alfonso director 1550 WEWATTA STREET SUITE 1000 DENVER CO 80202
Zook Brian D officer: MD, CHIEF ACCOUNTING OFFICER 1550 WEWATTA STREET SUITE 1000 DENVER CO 80202

Liberty Latin America Headlines

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