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Good Sign:
Piotroski F-Score is 7, indicates a 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
NorthStar Healthcareome has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for NorthStar Healthcareome's Piotroski F-Score or its related term are showing as below:
During the past 11 years, the highest Piotroski F-Score of NorthStar Healthcareome was 7. The lowest was 2. And the median was 4.
The historical data trend for NorthStar Healthcareome'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.
NorthStar Healthcareome Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial |
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5.00 | 3.00 | 4.00 | 3.00 | 5.00 |
NorthStar Healthcareome Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Piotroski F-Score | Get a 7-Day Free Trial |
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5.00 | 5.00 | 5.00 | 6.00 | 7.00 |
For the REIT - Healthcare Facilities subindustry, NorthStar Healthcareome'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 REITs industry and Real Estate sector, NorthStar Healthcareome's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where NorthStar Healthcareome'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 (Sep24) TTM: | Last Year (Sep23) TTM: |
Net Income was -73.96 + -7.932 + -10.145 + 124.441 = $32.4 Mil. Cash Flow from Operations was 5.996 + 0.927 + 7.805 + 8.007 = $22.7 Mil. Revenue was 50.533 + 48.752 + 50.258 + 52.618 = $202.2 Mil. Gross Profit was 16.914 + 15.371 + 17.846 + 19.726 = $69.9 Mil. Average Total Assets from the begining of this year (Sep23) to the end of this year (Sep24) was (1135.916 + 1059.419 + 1037.131 + 1027.789 + 1152.04) / 5 = $1082.459 Mil. Total Assets at the begining of this year (Sep23) was $1,135.9 Mil. Long-Term Debt & Capital Lease Obligation was $877.0 Mil. Total Current Assets was $342.7 Mil. Total Current Liabilities was $34.9 Mil. |
Net Income was -18.531 + -13.926 + -57.781 + -11.218 = $-101.5 Mil. Revenue was 48.691 + 49.568 + 51.503 + 53.374 = $203.1 Mil. Gross Profit was 11.845 + 14.491 + 16.477 + 16.484 = $59.3 Mil. Average Total Assets from the begining of last year (Sep22) to the end of last year (Sep23) was (1259.239 + 1237.835 + 1217.92 + 1145.64 + 1135.916) / 5 = $1199.31 Mil. Total Assets at the begining of last year (Sep22) was $1,259.2 Mil. Long-Term Debt & Capital Lease Obligation was $901.6 Mil. Total Current Assets was $101.2 Mil. Total Current Liabilities was $25.3 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.
NorthStar Healthcareome's current Net Income (TTM) was 32.4.
==> 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.
NorthStar Healthcareome's current Cash Flow from Operations (TTM) was 22.7.
==> 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 (Sep23) |
= | 32.404 | / | 1135.916 | |
= | 0.02852676 |
ROA (Last Year) | = | Net Income | / | Total Assets (Sep22) |
= | -101.456 | / | 1259.239 | |
= | -0.0805693 |
NorthStar Healthcareome's return on assets of this year was 0.02852676. NorthStar Healthcareome's return on assets of last year was -0.0805693.
==> 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.
NorthStar Healthcareome's current Net Income (TTM) was 32.4. NorthStar Healthcareome's current Cash Flow from Operations (TTM) was 22.7.
==> 22.7 <= 32.4 ==> CFROA <= ROA ==> Score 0.
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: Sep24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep23 to Sep24 |
= | 876.954 | / | 1082.459 | |
= | 0.81014985 |
Gearing (Last Year: Sep23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep22 to Sep23 |
= | 901.61 | / | 1199.31 | |
= | 0.75177394 |
NorthStar Healthcareome's gearing of this year was 0.81014985. NorthStar Healthcareome's gearing of last year was 0.75177394.
==> 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: Sep24) | = | Total Current Assets | / | Total Current Liabilities |
= | 342.727 | / | 34.934 | |
= | 9.81070018 |
Current Ratio (Last Year: Sep23) | = | Total Current Assets | / | Total Current Liabilities |
= | 101.22 | / | 25.282 | |
= | 4.00363895 |
NorthStar Healthcareome's current ratio of this year was 9.81070018. NorthStar Healthcareome's current ratio of last year was 4.00363895.
==> 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.
NorthStar Healthcareome's number of shares in issue this year was 185.712. NorthStar Healthcareome's number of shares in issue last year was 185.712.
==> 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 |
= | 69.857 | / | 202.161 | |
= | 0.34555132 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 59.297 | / | 203.136 | |
= | 0.29190788 |
NorthStar Healthcareome's gross margin of this year was 0.34555132. NorthStar Healthcareome's gross margin of last year was 0.29190788.
==> 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 (Sep23) |
= | 202.161 | / | 1135.916 | |
= | 0.17797179 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Sep22) |
= | 203.136 | / | 1259.239 | |
= | 0.16131648 |
NorthStar Healthcareome's asset turnover of this year was 0.17797179. NorthStar Healthcareome's asset turnover of last year was 0.16131648.
==> 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 | + | 0 | + | 0 | + | 1 | + | 1 | + | 1 | + | 1 | |
= | 7 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NorthStar Healthcareome has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
NorthStar Healthcareome (OTCPK:NHHS) 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 NorthStar Healthcareome's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Ann Harrington | officer: General Counsel and Secretary | C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022 |
Kendall K Young | officer: CEO and President | 3760 KILROY AIRPORT WAY, SUITE 300, LONG BEACH CA 90806 |
Nicholas Balzo | officer: Chief Financial Officer | 201 COMMONS PARK S, UNIT 502, STAMFORD CT 06902 |
Paul Varisano | officer: Chief Financial Officer | 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022 |
Neale Redington | officer: Chief Financial Officer | C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071 |
Jonathan A. Carnella | director | C/O NORTHSTAR HEALTHCARE INCOME, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022 |
Richard S. Welch | director, officer: Chairman | C/O COLONY NORTHSTAR, INC., 515 S. FLOWER STREET, LOS ANGELES CA 90071 |
Smith Jack Fleming Jr. | director | C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Gregory A Samay | director | C/O NORTHSTAR HEALTHCARE INCOME INC, 399 PARK AVE 18TH FLOOR, NEW YORK NY 10022 |
Thomas Andrew Smith | director | 111 WESTWOOD PLACE, SUITE 400, BRENTWOOD TN 37027 |
Justin T Chang | director, officer: Chairman | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Daniel Joseph Altobello | director | 6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817 |
Robert C Gatenio | director, officer: Vice Chairman | C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022 |
Frank V Saracino | officer: CFO and Treasurer | 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Ronald J Jeanneault | officer: CEO and President | C/O NORTHSTAR HEALTHCARE INCOME, INC., 399 PARK AVENUE, 18TH FL, NEW YORK NY 10022 |
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