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CorePoint Lodging Piotroski F-Score

: 6 (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

CorePoint Lodging has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

CPLG' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 6

During the past 6 years, the highest Piotroski F-Score of CorePoint Lodging was 7. The lowest was 1. And the median was 4.


CorePoint Lodging Piotroski F-Score Historical Data

The historical data trend for CorePoint Lodging'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.

CorePoint Lodging Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only N/A N/A 3.00 7.00 4.00

CorePoint Lodging Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 4.00 4.00 1.00 6.00 6.00

Competitive Comparison

For the REIT - Hotel & Motel subindustry, CorePoint Lodging'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.

   

CorePoint Lodging Piotroski F-Score Distribution

For the REITs industry and Real Estate sector, CorePoint Lodging's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CorePoint Lodging'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 (Sep21) TTM:Last Year (Sep20) TTM:
Net Income was -42 + -31 + 28 + 17 = $-28.0 Mil.
Cash Flow from Operations was -17 + 3 + 33 + 33 = $52.0 Mil.
Revenue was 86 + 97 + 138 + 142 = $463.0 Mil.
Gross Profit was 6 + 17 + 49 + 54 = $126.0 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(1882 + 1766 + 1704 + 1605 + 1528) / 5 = $1697 Mil.
Total Assets at the begining of this year (Sep20) was $1,882.0 Mil.
Long-Term Debt & Capital Lease Obligation was $18.0 Mil.
Total Current Assets was $246.0 Mil.
Total Current Liabilities was $600.0 Mil.
Net Income was -154 + -21 + -107 + -8 = $-290.0 Mil.

Revenue was 170 + 146 + 72 + 107 = $495.0 Mil.
Gross Profit was 37 + 27 + 2 + 21 = $87.0 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(2323 + 2109 + 2146 + 1998 + 1882) / 5 = $2091.6 Mil.
Total Assets at the begining of last year (Sep19) was $2,323.0 Mil.
Long-Term Debt & Capital Lease Obligation was $20.0 Mil.
Total Current Assets was $212.0 Mil.
Total Current Liabilities was $927.0 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.

CorePoint Lodging's current Net Income (TTM) was -28.0. ==> 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.

CorePoint Lodging's current Cash Flow from Operations (TTM) was 52.0. ==> 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 (Sep20)
=-28/1882
=-0.01487779

ROA (Last Year)=Net Income/Total Assets (Sep19)
=-290/2323
=-0.12483857

CorePoint Lodging's return on assets of this year was -0.01487779. CorePoint Lodging's return on assets of last year was -0.12483857. ==> 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.

CorePoint Lodging's current Net Income (TTM) was -28.0. CorePoint Lodging's current Cash Flow from Operations (TTM) was 52.0. ==> 52.0 > -28.0 ==> 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: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=18/1697
=0.01060695

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=20/2091.6
=0.00956206

CorePoint Lodging's gearing of this year was 0.01060695. CorePoint Lodging's gearing of last year was 0.00956206. ==> 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: Sep21)=Total Current Assets/Total Current Liabilities
=246/600
=0.41

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=212/927
=0.22869471

CorePoint Lodging's current ratio of this year was 0.41. CorePoint Lodging's current ratio of last year was 0.22869471. ==> 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.

CorePoint Lodging's number of shares in issue this year was 61.3. CorePoint Lodging's number of shares in issue last year was 56.7. ==> 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
=126/463
=0.27213823

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=87/495
=0.17575758

CorePoint Lodging's gross margin of this year was 0.27213823. CorePoint Lodging's gross margin of last year was 0.17575758. ==> 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 (Sep20)
=463/1882
=0.24601488

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=495/2323
=0.21308653

CorePoint Lodging's asset turnover of this year was 0.24601488. CorePoint Lodging's asset turnover of last year was 0.21308653. ==> 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+1+1
=6

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

CorePoint Lodging has an F-score of 6 indicating the company's financial situation is typical for a stable company.

CorePoint Lodging  (NYSE:CPLG) 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.


CorePoint Lodging Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of CorePoint Lodging's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


CorePoint Lodging Business Description

CorePoint Lodging logo
Traded in Other Exchanges
N/A
Address
125 E. John Carpenter Freeway, Suite 1650, Irving, TX, USA, 75062
CorePoint Lodging Inc is a lodging real estate investment trust strategically focused on serving the midscale and upper-midscale select-service lodging segments. The company's portfolio includes over 209 hotels with around 27,800 rooms in locations in or near employment centers, airports, and major travel thoroughfares. The company primarily derives revenues from its hotel operations.
Executives
Alba Glenn director C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154
Birch Jean director 3050 SOFT HORIZON WAY LAS VEGAS NV 89135
Isaac B Anthony director C/O EVERGY, INC. 1200 MAIN STREET KANSAS CITY MO 64105
Gould Alice E director C/O COREPOINT LODGING INC. 909 HIDDEN RIDGE, SUITE 600 IRVING TX 75038
Loeb David director C/O COREPOINT LODGING INC. 909 HIDDEN RIDGE, SUITE 600 IRVING TX 75038
Shah Mitesh B. director LA QUINTA HOLDINGS INC. 909 HIDDEN RIDGE, SUITE 600 IRVING TX 75038
Bowers Alan J director 7272 WISCONSIN AVENUE SUITE 1300 BETHESDA MD 20814
Abrahamson James R director C/O MARCUS CORP 100 EAST WISCONSIN AVE, SUITE 1900 MILWAUKEE WI 53202-4125
Swanstrom Daniel E Ii officer: EVP and CFO C/O MONOGRAM RESIDENTIAL TRUST, INC. 5800 GRANITE PARKWAY, SUITE 1000 PLANO TX 75024
Garfield Howard Steven officer: SVP, CAO & Treasurer 15601 DALLAS PARKWAY SUITE 600 ADDISON TX 75001
Chloupek Mark M. officer: See Remarks LA QUINTA HOLDINGS INC. 909 HIDDEN RIDGE, SUITE 600 IRVING TX 75038
Cline Keith A. director, officer: President & CEO LA QUINTA HOLDINGS INC. 909 HIDDEN RIDGE, SUITE 600 IRVING TX 75038
Cantele John W officer: EVP & COO C/O LA QUINTA HOLDINGS INC. 909 HIDDEN RIDGE, SUITE 600 IRVING TX 75038
Wih Hotels L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154
Blackstone Real Estate Partners Iv L.p. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154

CorePoint Lodging Headlines

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