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Yandex NV 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

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

NAS:YNDX' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

4
8

During the past 12 years, the highest Piotroski F-Score of Yandex NV was 8. The lowest was 4. And the median was 6.


Yandex NV Piotroski F-Score Historical Data

The historical data trend for Yandex NV'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.

Yandex NV 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 7.00 7.00 6.00 4.00 5.00

Yandex NV 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 6.00 5.00 5.00 4.00 5.00

Competitive Comparison

For the Internet Content & Information subindustry, Yandex NV'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.

   

Yandex NV Piotroski F-Score Distribution

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

* The bar in red indicates where Yandex NV'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 280.49099106475 + 10.909529632476 + -39.220594951789 + -52.772639659682 = $199 Mil.
Cash Flow from Operations was 239.37156138453 + 82.364935896852 + 112.78720637631 + -66.295713601864 = $368 Mil.
Revenue was 738.74405001409 + 960.77664471794 + 963.53289633659 + 1107.4499648305 = $3,771 Mil.
Gross Profit was 458.35436952447 + 538.80731037248 + 515.04532719021 + 539.12713700281 = $2,051 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(6357.6808197448 + 6547.6011599706 + 6918.9229924483 + 7291.1178237131 + 7583.9684257719) / 5 = $6939.85824433 Mil.
Total Assets at the begining of this year (Jun20) was $6,358 Mil.
Long-Term Debt & Capital Lease Obligation was $1,529 Mil.
Total Current Assets was $3,852 Mil.
Total Current Liabilities was $1,168 Mil.
Net Income was 80.418793036186 + 15.345862829609 + 72.798819206671 + -48.547296814486 = $120 Mil.

Revenue was 713.85753297789 + 834.19529425813 + 590.57005508649 + 591.7568204879 = $2,730 Mil.
Gross Profit was 492.45607969881 + 549.14306830119 + 386.58509999152 + 364.35482257442 = $1,793 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(4290.0436744934 + 4495.8878735882 + 4697.7704123374 + 4912.0733122557 + 6357.6808197448) / 5 = $4950.69121848 Mil.
Total Assets at the begining of last year (Jun19) was $4,290 Mil.
Long-Term Debt & Capital Lease Obligation was $1,220 Mil.
Total Current Assets was $3,938 Mil.
Total Current Liabilities was $590 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.

Yandex NV's current Net Income (TTM) was 199. ==> 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.

Yandex NV's current Cash Flow from Operations (TTM) was 368. ==> 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)
=199.40728608575/6357.6808197448
=0.03136478

ROA (Last Year)=Net Income/Total Assets (Jun19)
=120.01617825798/4290.0436744934
=0.02797551

Yandex NV's return on assets of this year was 0.03136478. Yandex NV's return on assets of last year was 0.02797551. ==> 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.

Yandex NV's current Net Income (TTM) was 199. Yandex NV's current Cash Flow from Operations (TTM) was 368. ==> 368 > 199 ==> 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
=1528.7875905743/6939.85824433
=0.2202909

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=1219.9562688466/4950.69121848
=0.2464214

Yandex NV's gearing of this year was 0.2202909. Yandex NV's gearing of last year was 0.2464214. ==> 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
=3852.2938575396/1168.2221693574
=3.29756955

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=3938.0904062996/589.7846312149
=6.67716688

Yandex NV's current ratio of this year was 3.29756955. Yandex NV's current ratio of last year was 6.67716688. ==> 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.

Yandex NV's number of shares in issue this year was 356.617. Yandex NV's number of shares in issue last year was 328.04. ==> 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
=2051.33414409/3770.5035558991
=0.54404779

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1792.5390705659/2730.3797028104
=0.65651641

Yandex NV's gross margin of this year was 0.54404779. Yandex NV's gross margin of last year was 0.65651641. ==> 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)
=3770.5035558991/6357.6808197448
=0.59306273

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=2730.3797028104/4290.0436744934
=0.63644567

Yandex NV's asset turnover of this year was 0.59306273. Yandex NV's asset turnover of last year was 0.63644567. ==> 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+1+1+1+0+0+0+0
=5

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

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

Yandex NV  (NAS:YNDX) 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.


Yandex NV Piotroski F-Score Related Terms

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Yandex NV Business Description

Yandex NV logo
Industry
Address
Schiphol Boulevard 165, Schiphol P7, Schiphol, NLD, 1118 BG
Yandex NV is an internet and technology company and operating internet search engines in Russia. It builds products and services powered by machine learning. The company operates through the following segments namely, Search and Portal; Taxi; Yandex.Market; Classifieds; Media Services. Search and Portal segment offers services in Russia, Belarus, Kazakhstan which generates most of the revenue.

Yandex NV Headlines

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