TBIO has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
TBIO has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Translate Bio 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 Translate Bio's Piotroski F-Score or its related term are showing as below:
During the past 5 years, the highest Piotroski F-Score of Translate Bio was 6. The lowest was 3. And the median was 5.
The historical data trend for Translate Bio'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.
Translate Bio Annual Data | |||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | ||||||
Piotroski F-Score | N/A | N/A | 5.00 | 3.00 | 5.00 |
Translate Bio Quarterly Data | |||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | |
Piotroski F-Score | Get a 7-Day Free Trial | 4.00 | 4.00 | 5.00 | 5.00 | 6.00 |
For the Biotechnology subindustry, Translate Bio'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 Biotechnology industry and Healthcare sector, Translate Bio's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Translate Bio'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 17.344 + -20.561 + 26.522 + 17.144 = $40.4 Mil. Cash Flow from Operations was 309.781 + -21.976 + 0.689 + 13.005 = $301.5 Mil. Revenue was 66.446 + 51.391 + 34.6 + 72.649 = $225.1 Mil. Gross Profit was 66.446 + 51.391 + 34.6 + 72.649 = $225.1 Mil. Average Total Assets from the begining of this year (Jun20) to the end of this year (Jun21) was (454.278 + 908.628 + 889.936 + 890.64 + 904.87) / 5 = $809.6704 Mil. Total Assets at the begining of this year (Jun20) was $454.3 Mil. Long-Term Debt & Capital Lease Obligation was $46.2 Mil. Total Current Assets was $717.0 Mil. Total Current Liabilities was $81.5 Mil. |
Net Income was -21.227 + -31.036 + -14.282 + -36.288 = $-102.8 Mil. Revenue was 1.266 + 3.89 + 4.654 + 16.319 = $26.1 Mil. Gross Profit was 1.266 + 3.89 + 4.654 + 16.319 = $26.1 Mil. Average Total Assets from the begining of last year (Jun19) to the end of last year (Jun20) was (302.549 + 349.514 + 336.201 + 305.242 + 454.278) / 5 = $349.5568 Mil. Total Assets at the begining of last year (Jun19) was $302.5 Mil. Long-Term Debt & Capital Lease Obligation was $11.8 Mil. Total Current Assets was $316.2 Mil. Total Current Liabilities was $51.8 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.
Translate Bio's current Net Income (TTM) was 40.4.
==> 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.
Translate Bio's current Cash Flow from Operations (TTM) was 301.5.
==> 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) |
= | 40.449 | / | 454.278 | |
= | 0.08904019 |
ROA (Last Year) | = | Net Income | / | Total Assets (Jun19) |
= | -102.833 | / | 302.549 | |
= | -0.33988875 |
Translate Bio's return on assets of this year was 0.08904019. Translate Bio's return on assets of last year was -0.33988875.
==> 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.
Translate Bio's current Net Income (TTM) was 40.4. Translate Bio's current Cash Flow from Operations (TTM) was 301.5.
==> 301.5 > 40.4 ==> 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 |
= | 46.171 | / | 809.6704 | |
= | 0.05702444 |
Gearing (Last Year: Jun20) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Jun19 to Jun20 |
= | 11.751 | / | 349.5568 | |
= | 0.03361685 |
Translate Bio's gearing of this year was 0.05702444. Translate Bio's gearing of last year was 0.03361685.
==> 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: Jun21) | = | Total Current Assets | / | Total Current Liabilities |
= | 717.012 | / | 81.514 | |
= | 8.79618225 |
Current Ratio (Last Year: Jun20) | = | Total Current Assets | / | Total Current Liabilities |
= | 316.221 | / | 51.766 | |
= | 6.10866206 |
Translate Bio's current ratio of this year was 8.79618225. Translate Bio's current ratio of last year was 6.10866206.
==> 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.
Translate Bio's number of shares in issue this year was 80.026. Translate Bio's number of shares in issue last year was 62.282.
==> 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 |
= | 225.086 | / | 225.086 | |
= | 1 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 26.129 | / | 26.129 | |
= | 1 |
Translate Bio's gross margin of this year was 1. Translate Bio'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 (Jun20) |
= | 225.086 | / | 454.278 | |
= | 0.49548074 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Jun19) |
= | 26.129 | / | 302.549 | |
= | 0.08636287 |
Translate Bio's asset turnover of this year was 0.49548074. Translate Bio's asset turnover of last year was 0.08636287.
==> 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 | + | 1 | + | 0 | + | 0 | + | 1 | |
= | 6 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Translate Bio has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Translate Bio (NAS:TBIO) 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 Translate Bio's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Jean Francois Formela | director | C/O ATLAS VENTURE, 890 WINTER STREET, WALTHAM MA 02451 |
Renaud Ronald C Jr | director, officer: Chief Executive Officer, other: President | C/O IDENIX PHARMACEUTICALS, INC., 60 HAMPSHIRE STREET, CAMBRIDGE MA 02109 |
Paul D. Burgess | officer: Chief Operating Officer, CLO, other: Secretary | C/O TRANSLATE BIO, INC., 29 HARTWELL AVENUE, LEXINGTON MA 02421 |
Owen Hughes | director | C/O RADIUS HEALTH, INC., 201 BROADWAY, 6TH FLOOR, BOSTON MA 02139 |
Shire Human Genetic Therapies, Inc. | 10 percent owner | 300 SHIRE WAY LEXINGTON MA 02421 |
Takeda Pharmaceutical Co Ltd | 10 percent owner | 1-1, NIHONBASHI-HONCHO 2-CHOME, CHUO-KU, TOKYO M0 103-8668 |
Baupost Group Gp, L.l.c. | 10 percent owner | 10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116 |
Seth A Klarman | 10 percent owner | 10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116 |
Baupost Group Llc/ma | 10 percent owner | 10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116 |
George Demetri | director | BLUEPRINT MEDICINES CORP., 215 FIRST STREET, SUITE 340/350, CAMBRIDGE MA 02142 |
Daniella Beckman | director | C/O IDENIX PHARMACEUTICALS, INC., ONE KENDALL SQUARE, BLDG. 1400, CAMBRIDGE MA 02139 |
Robert M Plenge | director | C/O TRANSLATE BIO, INC., 29 HARTWELL AVENUE, LEXINGTON MA 02421 |
Daniel Lynch | director | |
Robert J. Meyer | director | 2505 MERIDIAN PARKWAY, C/O CHIMERIX, INC, SUITE 100, DURHAM NC 27713 |
Ann Barbier | officer: Chief Medical Officer | 255 STATE STREET, C/O PIERIS PHARMACEUTICALS,INC., BOSTON MA 02109 |
From GuruFocus
By sperokesalga sperokesalga • 05-23-2023
By Marketwired • 08-03-2023
By sperokesalga sperokesalga • 05-18-2023
By GuruFocusNews GuruFocusNews • 07-02-2022
By sperokesalga sperokesalga • 02-27-2023
By GuruFocusNews GuruFocusNews • 07-01-2022
By Marketwired • 11-07-2023
By Marketwired • 08-10-2023
By sperokesalga sperokesalga • 05-22-2023
By sperokesalga sperokesalga • 04-27-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.