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NTELOS Holdings (NTELOS Holdings) Piotroski F-Score : 0 (As of May. 26, 2024)


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What is NTELOS Holdings Piotroski F-Score?

The zones of discrimination were as such:

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

NTELOS Holdings 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 NTELOS Holdings's Piotroski F-Score or its related term are showing as below:


NTELOS Holdings Piotroski F-Score Historical Data

The historical data trend for NTELOS Holdings'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.

NTELOS Holdings Piotroski F-Score Chart

NTELOS Holdings Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 6.00 3.00 5.00

NTELOS Holdings Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
Piotroski F-Score Get a 7-Day Free Trial 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 3.00 4.00 3.00 4.00 5.00

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 (Dec15) TTM:Last Year (Dec14) TTM:
Net Income was 14.796 + 1.61 + -8.963 + -19.649 = $-12.2 Mil.
Cash Flow from Operations was 15.438 + 9.202 + -6.037 + -14.452 = $4.2 Mil.
Revenue was 120.206 + 108.324 + 97.54 + 36.57 = $362.6 Mil.
Gross Profit was 66.913 + 56.269 + 45.958 + 16.334 = $185.5 Mil.
Average Total Assets from the begining of this year (Dec14)
to the end of this year (Dec15) was
(647.717 + 708.489 + 700.155 + 668.425 + 642.989) / 5 = $673.555 Mil.
Total Assets at the begining of this year (Dec14) was $647.7 Mil.
Long-Term Debt & Capital Lease Obligation was $514.6 Mil.
Total Current Assets was $176.6 Mil.
Total Current Liabilities was $70.0 Mil.
Net Income was 1.286 + 0.484 + 0.804 + -56.208 = $-53.6 Mil.

Revenue was 122.082 + 117.795 + 119.638 + 0.619 = $360.1 Mil.
Gross Profit was 70.324 + 66.471 + 62.757 + 6.775 = $206.3 Mil.
Average Total Assets from the begining of last year (Dec13)
to the end of last year (Dec14) was
(716.251 + 743.901 + 730.172 + 737.26 + 647.717) / 5 = $715.0602 Mil.
Total Assets at the begining of last year (Dec13) was $716.3 Mil.
Long-Term Debt & Capital Lease Obligation was $519.5 Mil.
Total Current Assets was $156.4 Mil.
Total Current Liabilities was $72.6 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.

NTELOS Holdings's current Net Income (TTM) was -12.2. ==> Negative ==> Score 0.

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.

NTELOS Holdings's current Cash Flow from Operations (TTM) was 4.2. ==> 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 (Dec14)
=-12.206/647.717
=-0.01884465

ROA (Last Year)=Net Income/Total Assets (Dec13)
=-53.634/716.251
=-0.07488157

NTELOS Holdings's return on assets of this year was -0.01884465. NTELOS Holdings's return on assets of last year was -0.07488157. ==> 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.

NTELOS Holdings's current Net Income (TTM) was -12.2. NTELOS Holdings's current Cash Flow from Operations (TTM) was 4.2. ==> 4.2 > -12.2 ==> 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: Dec15)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec14 to Dec15
=514.634/673.555
=0.76405639

Gearing (Last Year: Dec14)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec13 to Dec14
=519.491/715.0602
=0.72649967

NTELOS Holdings's gearing of this year was 0.76405639. NTELOS Holdings's gearing of last year was 0.72649967. ==> 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: Dec15)=Total Current Assets/Total Current Liabilities
=176.642/69.966
=2.52468342

Current Ratio (Last Year: Dec14)=Total Current Assets/Total Current Liabilities
=156.426/72.642
=2.15338234

NTELOS Holdings's current ratio of this year was 2.52468342. NTELOS Holdings's current ratio of last year was 2.15338234. ==> 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.

NTELOS Holdings's number of shares in issue this year was 21.257. NTELOS Holdings's number of shares in issue last year was 21.111. ==> 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
=185.474/362.64
=0.51145489

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=206.327/360.134
=0.5729173

NTELOS Holdings's gross margin of this year was 0.51145489. NTELOS Holdings's gross margin of last year was 0.5729173. ==> 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 (Dec14)
=362.64/647.717
=0.55987414

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec13)
=360.134/716.251
=0.50280418

NTELOS Holdings's asset turnover of this year was 0.55987414. NTELOS Holdings's asset turnover of last year was 0.50280418. ==> 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
=0+1+1+1+0+1+0+0+1
=5

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

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

NTELOS Holdings  (NAS:NTLS) 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.


NTELOS Holdings Piotroski F-Score Related Terms

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NTELOS Holdings (NTELOS Holdings) Business Description

Traded in Other Exchanges
N/A
Address
NTELOS Holdings Corp was incorporated on January 14, 2005. The Company is a provider of digital wireless communications services to consumers and businesses in Virginia and West Virginia, as well as parts of Maryland, North Carolina, Pennsylvania, Ohio and Kentucky. It offers wireless voice and CDMA digital data PCS products and services to retail and business customers under the NTELOS Wireless and FRAWG Wireless brand names. It conducts its businesses through NTELOS-branded retail operations, which sells its products and services via direct and indirect distribution channels, and provides network access to other telecommunications carriers through an arrangement with Sprint Spectrum L.P. The Company currently offers 20 devices across 13 brands, including Apple iPhone, Motorola, LG, Samsung and HTC products, and offers its customers smartphone operating systems such as Android and iOS. All devices are available for both postpay and prepay/no-contract services. Its customer service is supported by three regional call centers, 61 company-operated direct retail locations, 384 indirect retail distribution locations, and an additional 459 third-party payment centers. It also markets FRAWG Wireless, a no contract service intended to attract consumers who choose a prepay service option. In the postpay market, the Company competes with AT&T, Sprint, Verizon, T-Mobile and U.S. Cellular, as well as a number of reseller/affiliates of some or all of these companies. In the prepay wireless service, it competes with Boost, Straight Talk, Virgin Mobile, TracFone, Simple Mobile and Net10. The Company's communications and wireless operations are subject to various federal, state laws, and local regulation intended to protect the privacy of customers who subscribe to its services.
Executives
Daniel Heneghan director
Rodney D Dir director, officer: Chief Executive Officer C/O NTELOS HOLDINGS CORP., 1154 SHENANDOAH VILLAGE DRIVE, WAYNESBORO VA 22980
Quadrangle Select Partners Ii L P 10 percent owner 375 PARK AVE, NEW YORK NY 10152
Quadrangle Capital Partners Ii-a L P 10 percent owner 375 PARK AVE, NEW YORK NY 10152
Quadrangle Gp Investors Ii Lp 10 percent owner C/O QUADRANGLE GROUP LLC, 375 PARK AVENUE, NEW YORK NY 10152
Qcp Gp Investors Ii Llc 10 percent owner C/O QUADRANGLE GROUP LLC, 1271 AVENUE OF THE AMERICAS, SUITE 43A, NEW YORK NY 10020
Hunter Conrad officer: EVP, Chief Operating Officer 1901 N. ROSELLE ROAD, SUITE 500, SCHAUMBURG IL 60195
Alfheidur Saemundsson director C/O DAVIS POLK & WARDWELL LLP, 450 LEXINGTON AVE, NEW YORK NY 10017
Jerry Elliott director
Robert E Guth director 750 THIRD AVENUE NEW YORK NY 10017
Jerry E Vaughn director US UNWIRED INC 901 LAKESHORE DRIVE LAKE CHARLES LA 70601
Julia B North director 1170 PEACHTREE STR NE, SUITE 2300, ATLANTA GA 30309
Citigroup Inc director 388 GREENWICH STREET, NEW YORK NY 10013
Citicorp Banking Corp director ONE PENNS WAY, NEW CASTLE DE 19720
Court Square Capital Ltd director 399 PARK AVE, NEW YORK NY 10043