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UFP Industries Piotroski F-Score

: 5 (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

UFP Industries has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

UFPI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of UFP Industries was 8. The lowest was 3. And the median was 6.


UFP Industries Piotroski F-Score Historical Data

The historical data trend for UFP Industries'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.

UFP Industries Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 6.00 5.00 8.00 6.00

UFP Industries Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 5.00 6.00 6.00 5.00

Competitive Comparison

For the Lumber & Wood Production subindustry, UFP Industries'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.

   

UFP Industries Piotroski F-Score Distribution

For the Forest Products industry and Basic Materials sector, UFP Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where UFP Industries'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 (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was 121.041 + 137.906 + 189.703 + 203.118 = $652 Mil.
Cash Flow from Operations was 397.496 + 230.714 + -245.031 + 335.428 = $719 Mil.
Revenue was 2093.784 + 2016.805 + 2489.313 + 2900.874 = $9,501 Mil.
Gross Profit was 327.555 + 371.564 + 478.363 + 503.452 = $1,681 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(3228.283 + 3014.247 + 3245.271 + 3673.966 + 3610.823) / 5 = $3354.518 Mil.
Total Assets at the begining of this year (Jun21) was $3,228 Mil.
Long-Term Debt & Capital Lease Obligation was $363 Mil.
Total Current Assets was $2,376 Mil.
Total Current Liabilities was $824 Mil.
Net Income was 77.204 + 62.952 + 103.311 + 173.382 = $417 Mil.

Revenue was 1486.227 + 1393.708 + 1825.004 + 2700.541 = $7,405 Mil.
Gross Profit was 241.074 + 187.055 + 286.554 + 421.294 = $1,136 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(2058.608 + 2350.62 + 2404.891 + 2786.088 + 3228.283) / 5 = $2565.698 Mil.
Total Assets at the begining of last year (Jun20) was $2,059 Mil.
Long-Term Debt & Capital Lease Obligation was $650 Mil.
Total Current Assets was $2,123 Mil.
Total Current Liabilities was $731 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.

UFP Industries's current Net Income (TTM) was 652. ==> 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.

UFP Industries's current Cash Flow from Operations (TTM) was 719. ==> 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 (Jun21)
=651.768/3228.283
=0.20189308

ROA (Last Year)=Net Income/Total Assets (Jun20)
=416.849/2058.608
=0.20249071

UFP Industries's return on assets of this year was 0.20189308. UFP Industries's return on assets of last year was 0.20249071. ==> Last year is higher ==> Score 0.

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.

UFP Industries's current Net Income (TTM) was 652. UFP Industries's current Cash Flow from Operations (TTM) was 719. ==> 719 > 652 ==> 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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=362.779/3354.518
=0.10814639

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=650.42/2565.698
=0.25350606

UFP Industries's gearing of this year was 0.10814639. UFP Industries's gearing of last year was 0.25350606. ==> 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: Jun22)=Total Current Assets/Total Current Liabilities
=2376.444/823.993
=2.88405848

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=2122.5/731.317
=2.90229818

UFP Industries's current ratio of this year was 2.88405848. UFP Industries's current ratio of last year was 2.90229818. ==> 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.

UFP Industries's number of shares in issue this year was 60.416. UFP Industries's number of shares in issue last year was 60.363. ==> 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
=1680.934/9500.776
=0.17692597

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1135.977/7405.48
=0.15339681

UFP Industries's gross margin of this year was 0.17692597. UFP Industries's gross margin of last year was 0.15339681. ==> 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 (Jun21)
=9500.776/3228.283
=2.94298115

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=7405.48/2058.608
=3.59732402

UFP Industries's asset turnover of this year was 2.94298115. UFP Industries's asset turnover of last year was 3.59732402. ==> 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+0+1+1+0+0+1+0
=5

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

UFP Industries has an F-score of 5 indicating the company's financial situation is typical for a stable company.

UFP Industries  (NAS:UFPI) 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.


UFP Industries Piotroski F-Score Related Terms

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


UFP Industries Business Description

UFP Industries logo
Traded in Other Exchanges
Address
2801 East Beltline Avenue NE, Grand Rapids, MI, USA, 49525
UFP Industries Inc produces and sells lumber and treated wood products in three main customer categories: retail, industrial, and construction. The retail category, which generates the most revenue, sells lumber products to retailers, including big-box home improvement retailers. The industrial category sells wood pallets, boxes, packaging crates, and other containers used for industrial shipping. The construction category sells manufactured housing and building materials to the construction industry. The vast majority revenue is generated in the United States.
Executives
Mclean Benjamin J. director 2801 E BELTLINE AVE NE GRAND RAPIDS MI 49525
Worthington Scott A officer: President, UFP Industrial, LLC 2801 EAST BELTLINE NE GRAND RAPIDS MI 49525
Budden Joan A director 4200 E BELTLINE GRAND RAPIDS MI 49525
Uhlig-eastin Chad C. officer: Exec Vice Pres Purchasing 2801 EAST BELTLINE NE GRAND RAPIDS MI 49525
Schultz Terrence L. officer: President of idX Corporation 2801 EAST BELTLINE NE GRAND RAPIDS MI 49525
Wooldridge Michael G. director 2801 EAST BELTLINE NE GRAND RAPIDS MI 49525
Walker Brian C director
West Jonathan E. officer: XVP UFP Eastern Div - South 2801 EAST BELTLINE NE GRAND RAPIDS MI 49525
Benton Patrick M. officer: XVP UFP Eastern Div - North 2801 EAST BELTLINE NE GRAND RAPIDS MI 49525
Tuuk Mary E director 38 FOUNTAIN SQUARE PLAZA MD 10 AT 76 CINCINNATI OH 45263
Tutas David A. officer: Vice President Legal & Secty 2801 EAST BELTLINE NE GRAND RAPIDS MI 49525
Rhodes Thomas Wayne director 2801 EAST BELTLINE NE GRAND RAPIDS MI 49525
James Donald L officer: XVP National Sales 2801 EAST BELTLINE, N.E. GRAND RAPIDS MI 49525
Engler John M director 2801 EAST BELTLINE, N.E. GRAND RAPIDS MI 49525
Mordell Michael F officer: Exec VP Purchasing 2801 EAST BELTLINE NE GRAND RAPIDS MI 49525

UFP Industries Headlines

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