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Sypris Solutions Piotroski F-Score

: 8 (As of Today)
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Good Sign:

Piotroski F-Score is 8, 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

Sypris Solutions has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

NAS:SYPR' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 9
Current: 8

1
9

During the past 13 years, the highest Piotroski F-Score of Sypris Solutions was 9. The lowest was 1. And the median was 4.


Sypris Solutions Piotroski F-Score Historical Data

The historical data trend for Sypris Solutions'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.

Sypris Solutions 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 2.00 5.00 2.00 6.00

Sypris Solutions Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 5.00 6.00 5.00 8.00

Competitive Comparison

For the Auto Parts subindustry, Sypris Solutions'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.

   

Sypris Solutions Piotroski F-Score Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Sypris Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sypris Solutions'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 3.495 + -1.174 + -1.63 + 3.823 = $4.51 Mil.
Cash Flow from Operations was 1.119 + 3.57 + -0.91 + 9.516 = $13.30 Mil.
Revenue was 22.154 + 20.614 + 19.982 + 25.969 = $88.72 Mil.
Gross Profit was 3.421 + 2.55 + 1.816 + 4.309 = $12.10 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(56.023 + 61.378 + 60.708 + 61.594 + 78.666) / 5 = $63.6738 Mil.
Total Assets at the begining of this year (Jun20) was $56.02 Mil.
Long-Term Debt & Capital Lease Obligation was $11.23 Mil.
Total Current Assets was $57.14 Mil.
Total Current Liabilities was $35.12 Mil.
Net Income was -1.557 + -0.859 + -0.305 + -0.348 = $-3.07 Mil.

Revenue was 22.259 + 21.624 + 22.425 + 17.153 = $83.46 Mil.
Gross Profit was 2.326 + 2.708 + 3.725 + 2.121 = $10.88 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(65.779 + 64.231 + 60.056 + 57.266 + 56.023) / 5 = $60.671 Mil.
Total Assets at the begining of last year (Jun19) was $65.78 Mil.
Long-Term Debt & Capital Lease Obligation was $14.51 Mil.
Total Current Assets was $38.21 Mil.
Total Current Liabilities was $24.48 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.

Sypris Solutions's current Net Income (TTM) was 4.51. ==> 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.

Sypris Solutions's current Cash Flow from Operations (TTM) was 13.30. ==> 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)
=4.514/56.023
=0.08057405

ROA (Last Year)=Net Income/Total Assets (Jun19)
=-3.069/65.779
=-0.04665623

Sypris Solutions's return on assets of this year was 0.08057405. Sypris Solutions's return on assets of last year was -0.04665623. ==> 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.

Sypris Solutions's current Net Income (TTM) was 4.51. Sypris Solutions's current Cash Flow from Operations (TTM) was 13.30. ==> 13.30 > 4.51 ==> 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
=11.228/63.6738
=0.17633626

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=14.509/60.671
=0.23914226

Sypris Solutions's gearing of this year was 0.17633626. Sypris Solutions's gearing of last year was 0.23914226. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=57.136/35.124
=1.626694

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=38.21/24.481
=1.56080225

Sypris Solutions's current ratio of this year was 1.626694. Sypris Solutions's current ratio of last year was 1.56080225. ==> 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.

Sypris Solutions's number of shares in issue this year was 22.846. Sypris Solutions's number of shares in issue last year was 21.016. ==> 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
=12.096/88.719
=0.13634058

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10.88/83.461
=0.13036029

Sypris Solutions's gross margin of this year was 0.13634058. Sypris Solutions's gross margin of last year was 0.13036029. ==> This year's gross 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)
=88.719/56.023
=1.58361744

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=83.461/65.779
=1.26880919

Sypris Solutions's asset turnover of this year was 1.58361744. Sypris Solutions's asset turnover of last year was 1.26880919. ==> 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+1+0+1+1
=8

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

Sypris Solutions has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Sypris Solutions  (NAS:SYPR) 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.


Sypris Solutions Piotroski F-Score Related Terms

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


Sypris Solutions Business Description

Sypris Solutions logo
Industry
Consumer Cyclical » Vehicles & Parts NAICS : 336390 SIC : 3714
Traded in Other Exchanges
Address
101 Bullitt Lane, Suite 450, Louisville, KY, USA, 40222
Sypris Solutions Inc is a US based company engaged in providing outsourced services and specialty products. It offers a range of manufacturing, engineering, design and other technical services. Business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives most of the revenue from Technologies segment.
Executives
Davis Richard L officer: Vice President 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Allen Anthony C officer: Vice President and CFO 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Eckert Rebecca R officer: Principal Accounting Officer, other: Controller 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Convis Gary L director 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Gill Jeffrey T director, 10 percent owner, officer: President and CEO 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Healey William L director 101 BULLITT LANE STE 450 LOUISVILLE KY 40222
Gill R Scott director, 10 percent owner 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Ferko William G director 7419 CEDAR BLUFF CT PROSPECT KY 40059
Petersen Sidney R/ca director 150 N. ORANGE GROVE BLVD PASADENA CA 91103
Sroka Robert director 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Brinkley John F director 46 GULL POINT ROAD HILTON HEAD ISLAND SC 29928
Mcgeeney John R officer: VP, General Counsel &Secretary 101 BULLITT LN SUITE 450 LOUISVILLE KY 40222
Straub Stephen W officer: Vice President Operations 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Larochelle Paul G officer: VP Sales&Strategic Initiatives 101 BULLITT LANE, SUITE 450 LOUISVILLE KY 40222
Walsh John James other: VP and President of Subsidiary 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222

Sypris Solutions Headlines

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