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Ameriprise Financial Piotroski F-Score

: 4 (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

Ameriprise Financial has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

NYSE:AMP' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 4

1
9

During the past 13 years, the highest Piotroski F-Score of Ameriprise Financial was 9. The lowest was 1. And the median was 6.


Ameriprise Financial Piotroski F-Score Historical Data

The historical data trend for Ameriprise Financial'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.

Ameriprise Financial 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 5.00 8.00 9.00 5.00 5.00

Ameriprise Financial 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 8.00 6.00 5.00 1.00 4.00

Competitive Comparison

For the Asset Management subindustry, Ameriprise Financial'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.

   

Ameriprise Financial Piotroski F-Score Distribution

For the Asset Management industry and Financial Services sector, Ameriprise Financial's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ameriprise Financial'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 -140 + 177 + 437 + 591 = $1,065 Mil.
Cash Flow from Operations was 936 + -1016 + -1000 + 1931 = $851 Mil.
Revenue was 3013 + 3189 + 3355 + 3420 = $12,977 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(154902 + 158687 + 165883 + 165737 + 171703) / 5 = $163382.4 Mil.
Total Assets at the begining of this year (Jun20) was $154,902 Mil.
Long-Term Debt & Capital Lease Obligation was $5,391 Mil.
Total Assets was $171,703 Mil.
Total Liabilities was $166,017 Mil.
Net Income was 543 + 463 + 2036 + -539 = $2,503 Mil.

Revenue was 3351 + 3104 + 3026 + 2730 = $12,211 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(148678 + 149513 + 151828 + 145682 + 154902) / 5 = $150120.6 Mil.
Total Assets at the begining of last year (Jun19) was $148,678 Mil.
Long-Term Debt & Capital Lease Obligation was $4,324 Mil.
Total Assets was $154,902 Mil.
Total Liabilities was $148,402 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.

Ameriprise Financial's current Net Income (TTM) was 1,065. ==> 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.

Ameriprise Financial's current Cash Flow from Operations (TTM) was 851. ==> 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)
=1065/154902
=0.00687531

ROA (Last Year)=Net Income/Total Assets (Jun19)
=2503/148678
=0.01683504

Ameriprise Financial's return on assets of this year was 0.00687531. Ameriprise Financial's return on assets of last year was 0.01683504. ==> 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.

Ameriprise Financial's current Net Income (TTM) was 1,065. Ameriprise Financial's current Cash Flow from Operations (TTM) was 851. ==> 851 <= 1,065 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=5391/163382.4
=0.03299621

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=4324/150120.6
=0.02880351

Ameriprise Financial's gearing of this year was 0.03299621. Ameriprise Financial's gearing of last year was 0.02880351. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Jun21)=Total Assets/Total Liabilities
=171703/166017
=1.0342495

Current Ratio (Last Year: Jun20)=Total Assets/Total Liabilities
=154902/148402
=1.04379995

Ameriprise Financial's current ratio of this year was 1.0342495. Ameriprise Financial's current ratio of last year was 1.04379995. ==> 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.

Ameriprise Financial's number of shares in issue this year was 121.2. Ameriprise Financial's number of shares in issue last year was 126.2. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=1065/12977
=0.08206827

Net Margin (Last Year: TTM)=Net Income/Revenue
=2503/12211
=0.20497912

Ameriprise Financial's net margin of this year was 0.08206827. Ameriprise Financial's net margin of last year was 0.20497912. ==> Last year's net 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)
=12977/154902
=0.08377555

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=12211/148678
=0.08213051

Ameriprise Financial's asset turnover of this year was 0.08377555. Ameriprise Financial's asset turnover of last year was 0.08213051. ==> 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+0+0+0+0+1+0+1
=4

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

Ameriprise Financial has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Ameriprise Financial  (NYSE:AMP) 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.


Ameriprise Financial Piotroski F-Score Related Terms

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Ameriprise Financial Business Description

Ameriprise Financial logo
Industry
Financial Services » Asset Management NAICS : 523930 SIC : 6282
Traded in Other Exchanges
Address
1099 Ameriprise Financial Center, Minneapolis, MN, USA, 55474
Spun off from American Express in 2005, Ameriprise Financial has emerged as a major player in the U.S. market for asset and wealth management, with around $1.1 trillion in total assets under management and advisement at the end of 2020. Ameriprise has one of the largest branded advisor networks in the industry, and over 70% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and discontinuing the sale of its proprietary fixed annuities in 2020. Around 90% of the company's pretax earnings are from the United States.
Executives
Smyth Gerard P. officer: EVP Technology and CIO 1099 AMERIPRISE FINANCIAL MINNEAPOLIS MN 55474
Woerner John Robert officer: Pres Ins & Chief Strat Officer AMERIPRISE FINANCIAL, INC. 707 SECOND AVENUE SOUTH MINNEAPOLIS MN 55474
Williams Christopher J director 650 FIFTH AVE 10TH FL NEW YORK NY 10019
Truscott William F officer: CEO, Global Asset Management AMERIPRISE FINANCIAL, INC. 50591 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474
Sweeney Joseph Edward officer: Pres-AWM Products & Services AMERIPRISE FINANCIAL, INC. 707 SECOND AVENUE SOUTH MINNEAPOLIS MN 55474
Moore Colin officer: EVP & Global CIO C/O PUTNAM LLC ONE POST OFFICE SQ BOSTON MA 02109
Sharpe Robert Francis Jr director AMERIPRISE FINANCIAL, INC. 50591 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474
Greenberg Lon R director 460 NORTH GULPH ROAD KING OF PRUSSIA PA 19406
Noddle Jeffrey director 11840 VALLEY VIEW ROAD EDEN PRAIRIE MN 55344
Walter W Edward director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: WALTER W EDWARD a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Neal Blixt Dianne director 714 GREEN VALLEY ROAD GREENSBORO NC 27408
Digeso Amy director C/O THE ESTEE LAUDER COMPANIES INC. 767 FIFTH AVENUE NEW YORK NY 10153
Shea Brian T director ONE PERSHING PLAZA 95 CHRISTOPHER COLUMBUS DRIVE JERSEY CITY NJ 07399
Hutt John R. officer: Sr Vice Pres and Controller 1099 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474
Thissen Karen Wilson officer: Executive VP and GC 1098 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474

Ameriprise Financial Headlines

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