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Benson Hill (Benson Hill) Piotroski F-Score : 5 (As of May. 14, 2024)


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What is Benson Hill 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

Benson Hill 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 Benson Hill's Piotroski F-Score or its related term are showing as below:

BHIL' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 5
Current: 5

During the past 5 years, the highest Piotroski F-Score of Benson Hill was 5. The lowest was 5. And the median was 5.


Benson Hill Piotroski F-Score Historical Data

The historical data trend for Benson Hill'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.

Benson Hill Piotroski F-Score Chart

Benson Hill Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A 5.00 5.00

Benson Hill Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.00 N/A N/A 5.00 5.00

Competitive Comparison of Benson Hill's Piotroski F-Score

For the Agricultural Inputs subindustry, Benson Hill'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.


Benson Hill's Piotroski F-Score Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Benson Hill's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Benson Hill'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -3.054 + -56.841 + -17.57 + -37.847 = $-115.3 Mil.
Cash Flow from Operations was -37.693 + -6.588 + -29.587 + 0.737 = $-73.1 Mil.
Revenue was 134.643 + 109.038 + 113.066 + 116.589 = $473.3 Mil.
Gross Profit was 9.523 + 2.968 + 4.139 + 6.996 = $23.6 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(500.92 + 448.914 + 392.301 + 352.519 + 274.764) / 5 = $393.8836 Mil.
Total Assets at the begining of this year (Dec22) was $500.9 Mil.
Long-Term Debt & Capital Lease Obligation was $85.4 Mil.
Total Current Assets was $118.9 Mil.
Total Current Liabilities was $101.9 Mil.
Net Income was -16.576 + -27.554 + -30.169 + -53.606 = $-127.9 Mil.

Revenue was 66.126 + 93.631 + 122.296 + 99.18 = $381.2 Mil.
Gross Profit was -8.935 + 5.742 + 5.931 + 0.789 = $3.5 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(534.897 + 569.028 + 555.275 + 531.277 + 500.92) / 5 = $538.2794 Mil.
Total Assets at the begining of last year (Dec21) was $534.9 Mil.
Long-Term Debt & Capital Lease Obligation was $181.7 Mil.
Total Current Assets was $300.7 Mil.
Total Current Liabilities was $92.5 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.

Benson Hill's current Net Income (TTM) was -115.3. ==> 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.

Benson Hill's current Cash Flow from Operations (TTM) was -73.1. ==> Negative ==> Score 0.

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 (Dec22)
=-115.312/500.92
=-0.23020043

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-127.905/534.897
=-0.2391208

Benson Hill's return on assets of this year was -0.23020043. Benson Hill's return on assets of last year was -0.2391208. ==> 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.

Benson Hill's current Net Income (TTM) was -115.3. Benson Hill's current Cash Flow from Operations (TTM) was -73.1. ==> -73.1 > -115.3 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=85.435/393.8836
=0.21690418

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=181.713/538.2794
=0.33758119

Benson Hill's gearing of this year was 0.21690418. Benson Hill's gearing of last year was 0.33758119. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=118.918/101.923
=1.16674352

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=300.728/92.517
=3.25051612

Benson Hill's current ratio of this year was 1.16674352. Benson Hill's current ratio of last year was 3.25051612. ==> 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.

Benson Hill's number of shares in issue this year was 188.635. Benson Hill's number of shares in issue last year was 186.851. ==> 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
=23.626/473.336
=0.0499138

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3.527/381.233
=0.00925156

Benson Hill's gross margin of this year was 0.0499138. Benson Hill's gross margin of last year was 0.00925156. ==> 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 (Dec22)
=473.336/500.92
=0.94493332

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=381.233/534.897
=0.71272226

Benson Hill's asset turnover of this year was 0.94493332. Benson Hill's asset turnover of last year was 0.71272226. ==> 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+0+1+1+1+0+0+1+1
=5

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

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

Benson Hill  (NYSE:BHIL) 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.


Benson Hill Piotroski F-Score Related Terms

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Benson Hill (Benson Hill) Business Description

Traded in Other Exchanges
N/A
Address
1001 North Warson Road, Saint Louis, MO, USA, 63132
Benson Hill Inc is a food technology company. It operates in one segment Ingredients. The ingredients segment is currently focused on commercializing soybean and yellow pea products, including soy-based specialty vegetable oils, aquaculture and animal feed, and ultra-high protein soy-based ingredients that have the potential to eliminate costly water and energy-intensive processing associated with producing products for the food and feed markets, alleviating supply constraints to help bring plant-based proteins to scale.
Executives
Bruce Tyler Bennett officer: President, Ingredients C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132
Richard L Mack director 9590 SKY LANE, EDEN PRAIRIE MN 55347
Yevgeny Fundler officer: Chief Legal Officer, other: Corporate Secretary 1001 NORTH WARSON ROAD, ST. LOUIS MO 63132
Jason Bull officer: Chief Technology Officer C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132
Dean P Freeman officer: Chief Financial Officer C/O BENSON HILL, INC.,1001 N WARSON RD, SAINT LOUIS MO 63132
Matthew B. Crisp director, officer: President and CEO C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132
Montgomery Molly director 739 MILLER AVENUE, MILL VALLEY CA 94941
David J. Lee director C/O ZYNGA INC., 699 8TH STREET, SAN FRANCISCO CA 94103
Deann L Brunts director, officer: Chief Financial Officer C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Adrienne Elsner director ONE OWENS CORNING PKWY, TOLEDO OH 43659
Linda Whitley-taylor director C/O BENSON HILL, INC., 1001 NORTH WARSON ROAD, SAINT LOUIS MO 63132
Stephan Dolezalek director C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132
Daniel Jacobi director C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132
Michael D. Wilds officer: CFO and CAO C/O MAGNETAR CAPITAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Star Peak Sponsor Ii Llc 10 percent owner 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201