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News 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

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

NWSA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 6

During the past 12 years, the highest Piotroski F-Score of News was 7. The lowest was 3. And the median was 4.


News Piotroski F-Score Historical Data

The historical data trend for News'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.

News Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 3.00 5.00 4.00 6.00

News Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 6.00 6.00 6.00 6.00

Competitive Comparison

For the Entertainment subindustry, News'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.

   

News Piotroski F-Score Distribution

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

* The bar in red indicates where News'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 (Mar22) TTM:Last Year (Mar21) TTM:
Net Income was -14 + 196 + 235 + 82 = $499 Mil.
Cash Flow from Operations was 177 + 68 + 362 + 600 = $1,207 Mil.
Revenue was 2492 + 2502 + 2717 + 2492 = $10,203 Mil.
Gross Profit was 2492 + 2502 + 2717 + 2492 = $10,203 Mil.
Average Total Assets from the begining of this year (Mar21)
to the end of this year (Mar22) was
(15397 + 16771 + 16418 + 16520 + 17419) / 5 = $16505 Mil.
Total Assets at the begining of this year (Mar21) was $15,397 Mil.
Long-Term Debt & Capital Lease Obligation was $3,536 Mil.
Total Current Assets was $4,162 Mil.
Total Current Liabilities was $3,527 Mil.
Net Income was -397 + 34 + 231 + 79 = $-53 Mil.

Revenue was 1923 + 2117 + 2414 + 2335 = $8,789 Mil.
Gross Profit was 1923 + 2117 + 2414 + 2335 = $8,789 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Mar21) was
(14428 + 14261 + 14400 + 15094 + 15397) / 5 = $14716 Mil.
Total Assets at the begining of last year (Mar20) was $14,428 Mil.
Long-Term Debt & Capital Lease Obligation was $2,146 Mil.
Total Current Assets was $3,943 Mil.
Total Current Liabilities was $3,169 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.

News's current Net Income (TTM) was 499. ==> 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.

News's current Cash Flow from Operations (TTM) was 1,207. ==> 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 (Mar21)
=499/15397
=0.03240891

ROA (Last Year)=Net Income/Total Assets (Mar20)
=-53/14428
=-0.00367341

News's return on assets of this year was 0.03240891. News's return on assets of last year was -0.00367341. ==> 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.

News's current Net Income (TTM) was 499. News's current Cash Flow from Operations (TTM) was 1,207. ==> 1,207 > 499 ==> 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: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=3536/16505
=0.21423811

Gearing (Last Year: Mar21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Mar21
=2146/14716
=0.14582767

News's gearing of this year was 0.21423811. News's gearing of last year was 0.14582767. ==> 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: Mar22)=Total Current Assets/Total Current Liabilities
=4162/3527
=1.18003969

Current Ratio (Last Year: Mar21)=Total Current Assets/Total Current Liabilities
=3943/3169
=1.24424109

News's current ratio of this year was 1.18003969. News's current ratio of last year was 1.24424109. ==> 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.

News's number of shares in issue this year was 592.1. News's number of shares in issue last year was 594.5. ==> 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
=10203/10203
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8789/8789
=1

News's gross margin of this year was 1. News's gross margin of last year was 1. ==> 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 (Mar21)
=10203/15397
=0.66266156

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar20)
=8789/14428
=0.60916274

News's asset turnover of this year was 0.66266156. News's asset turnover of last year was 0.60916274. ==> 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

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

News  (NAS:NWSA) 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.


News Piotroski F-Score Related Terms

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


News Business Description

News logo
Address
1211 Avenue of the Americas, New York, NY, USA, 10036
News Corporation is a media conglomerate with large presence in the U.S, the U.K., and Australia. Key brands include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 62%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers globally, and also has a substantial digital property advertising business (Move) in the U.S.
Executives
Ayotte Kelly director C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Panuccio Susan officer: Chief Financial Officer C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Pitofsky David B officer: General Counsel C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Klein Joel director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Halpin Kevin officer: Deputy Chief Financial Officer 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Murdoch Lachlan K director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Elkann John director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Chao Elaine L. director C/O DOLE FOOD COMPANY, INC. ONE DOLE DRIVE WESTLAKE VILLAGE CA 91362
Murdoch James R director C/O LUPA SYSTEMS 363 LAFAYETTE STREET NEW YORK NY 10022
Pessoa Ana Paula director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Siddiqui Masroor director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Bancroft Natalie director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Aznar Jose Maria director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Cruden Financial Services Llc 10 percent owner C/O MCDONALD CARANO WILSON LLP 100 LIBERTY STREET RENO NV 89501
Murdoch Family Trust 10 percent owner C/O MCDONALD CARANO WILSON LLP 100 LIBERTY STREET RENO NV 89501

News Headlines

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