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Crane Co 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

Crane Co 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 Crane Co's Piotroski F-Score or its related term are showing as below:

CR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Crane Co was 9. The lowest was 2. And the median was 6.


Crane Co Piotroski F-Score Historical Data

The historical data trend for Crane Co'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.

Crane Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 6.00 6.00 8.00

Crane Co Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 7.00 8.00 8.00 7.00 6.00

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Crane Co'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.

   

Crane Co Piotroski F-Score Distribution

For the Industrial Products industry and Industrials sector, Crane Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Crane Co'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 (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was 116.6 + 72.1 + 105 + 258.2 = $552 Mil.
Cash Flow from Operations was 120.3 + 171.5 + -55.5 + 104.5 = $341 Mil.
Revenue was 833.5 + 770.5 + 801.1 + 864.3 = $3,269 Mil.
Gross Profit was 324.4 + 288 + 327.3 + 328.6 = $1,268 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(4423.2 + 4474.5 + 4486.6 + 4353.2 + 4499.1) / 5 = $4447.32 Mil.
Total Assets at the begining of this year (Jun21) was $4,423 Mil.
Long-Term Debt & Capital Lease Obligation was $843 Mil.
Total Current Assets was $1,728 Mil.
Total Current Liabilities was $845 Mil.
Net Income was 56.6 + 46.8 + 108.4 + 138.3 = $350 Mil.

Revenue was 686.5 + 683.7 + 779.6 + 855.5 = $3,005 Mil.
Gross Profit was 243.2 + 227.4 + 309.1 + 332 = $1,112 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(4630.3 + 4623 + 4615 + 4586.5 + 4423.2) / 5 = $4575.6 Mil.
Total Assets at the begining of last year (Jun20) was $4,630 Mil.
Long-Term Debt & Capital Lease Obligation was $843 Mil.
Total Current Assets was $1,672 Mil.
Total Current Liabilities was $759 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.

Crane Co's current Net Income (TTM) was 552. ==> 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.

Crane Co's current Cash Flow from Operations (TTM) was 341. ==> 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 (Jun21)
=551.9/4423.2
=0.12477392

ROA (Last Year)=Net Income/Total Assets (Jun20)
=350.1/4630.3
=0.07561065

Crane Co's return on assets of this year was 0.12477392. Crane Co's return on assets of last year was 0.07561065. ==> 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.

Crane Co's current Net Income (TTM) was 552. Crane Co's current Cash Flow from Operations (TTM) was 341. ==> 341 <= 552 ==> 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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=842.9/4447.32
=0.18952987

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=843.4/4575.6
=0.18432555

Crane Co's gearing of this year was 0.18952987. Crane Co's gearing of last year was 0.18432555. ==> 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: Jun22)=Total Current Assets/Total Current Liabilities
=1728.4/845.3
=2.04471785

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=1672.3/758.8
=2.20387454

Crane Co's current ratio of this year was 2.04471785. Crane Co's current ratio of last year was 2.20387454. ==> 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.

Crane Co's number of shares in issue this year was 56.9. Crane Co's number of shares in issue last year was 59.3. ==> 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
=1268.3/3269.4
=0.38793051

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1111.7/3005.3
=0.36991315

Crane Co's gross margin of this year was 0.38793051. Crane Co's gross margin of last year was 0.36991315. ==> 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 (Jun21)
=3269.4/4423.2
=0.73914813

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=3005.3/4630.3
=0.64905082

Crane Co's asset turnover of this year was 0.73914813. Crane Co's asset turnover of last year was 0.64905082. ==> 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+0+1+1+1
=6

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

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

Crane Co  (NYSE:CR) 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.


Crane Co Piotroski F-Score Related Terms

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


Crane Co Business Description

Crane Co logo
Traded in Other Exchanges
Address
100 First Stamford Place, Stamford, CT, USA, 06902
Crane Co. is a diversified industrial firm manufacturing a broad range of products, including valves, vending equipment, payment acceptance equipment, and aerospace components. The firm's business is organized into three segments: process flow technologies, payment & merchandising technologies, and aerospace & electronics. Headquartered in Stamford, Connecticut, Crane has approximately 11,000 employees and operates in 32 countries. Crane generated approximately $3.2 billion in revenue and $501 million in adjusted operating income in 2021.
Executives
Grisham Scott A. officer: SVP Bus. Dev. & Strategy 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Polmanteer Tamara S. officer: Senior Vice President, CHRO 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Stroup John S director 1 N. BRENTWOOD BLVD. SUITE 1500 ST. LOUIS MO 63105
Alcala Alejandro officer: Senior Vice President 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Cristiano Christina officer: V.P., Controller & PAO 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Dinkins Michael director 6166 NW 85TH WAY PARKLAND FL 33067
Gallo Kurt F. officer: Sr. VP, Payment & Merch. Tech. 100 FIRST STAMFORD PLACE STAMFORD CT 06902
D'iorio Anthony M. officer: General Counsel & Secretary 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Haime Ellen Mcclain director 767 THIRD AVE 34TH FL NEW YORK NY 10022
Cook Donald G director 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Pollino Jennifer director C/O GOODRICH CORPORATION 2730 W. TYVOLA ROAD CHARLOTTE NC 28217
Benante Martin R director C/O CURTISS WRIGHT CORP 1200 WALL ST WEST LYNDHURST NJ 07071
Scannell Peter O director 66 FIELD POINT ROAD GREENWICH CT 06830
Lindsay Ronald Carter director 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Lochner Philip R director 699 LAKE AVENUE GREENWICH CT 06830

Crane Co Headlines

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