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Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Dominion Energy has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Dominion Energy's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Dominion Energy was 7. The lowest was 3. And the median was 6.
The historical data trend for Dominion Energy'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.
Dominion Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 5.00 | 5.00 | 6.00 | 5.00 | 7.00 |
Dominion Energy Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Piotroski F-Score | Get a 7-Day Free Trial | 5.00 | 5.00 | 7.00 | 7.00 | 7.00 |
For the Utilities - Regulated Electric subindustry, Dominion Energy'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.
For the Utilities - Regulated industry and Utilities sector, Dominion Energy's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Dominion Energy'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 997 + 599 + 163 + 235 = $1,994 Mil. Cash Flow from Operations was 1948 + 505 + 2733 + 1386 = $6,572 Mil. Revenue was 5252 + 3794 + 3810 + 3534 = $16,390 Mil. Gross Profit was 2537 + 1681 + 1854 + 1728 = $7,800 Mil. Average Total Assets from the begining of this year (Dec22) to the end of this year (Dec23) was (104795 + 105325 + 106064 + 105943 + 109032) / 5 = $106231.8 Mil. Total Assets at the begining of this year (Dec22) was $104,795 Mil. Long-Term Debt & Capital Lease Obligation was $33,248 Mil. Total Current Assets was $25,387 Mil. Total Current Liabilities was $24,476 Mil. |
Net Income was 711 + -453 + 778 + 285 = $1,321 Mil. Revenue was 4279 + 3596 + 3963 + 3803 = $15,641 Mil. Gross Profit was 1889 + 1663 + 1790 + 1832 = $7,174 Mil. Average Total Assets from the begining of last year (Dec21) to the end of last year (Dec22) was (99590 + 100852 + 103678 + 103535 + 104795) / 5 = $102490 Mil. Total Assets at the begining of last year (Dec21) was $99,590 Mil. Long-Term Debt & Capital Lease Obligation was $34,443 Mil. Total Current Assets was $9,850 Mil. Total Current Liabilities was $13,450 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.
Dominion Energy's current Net Income (TTM) was 1,994.
==> 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.
Dominion Energy's current Cash Flow from Operations (TTM) was 6,572.
==> 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 (Dec22) |
= | 1994 | / | 104795 | |
= | 0.01902763 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec21) |
= | 1321 | / | 99590 | |
= | 0.01326438 |
Dominion Energy's return on assets of this year was 0.01902763. Dominion Energy's return on assets of last year was 0.01326438.
==> 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.
Dominion Energy's current Net Income (TTM) was 1,994. Dominion Energy's current Cash Flow from Operations (TTM) was 6,572.
==> 6,572 > 1,994 ==> 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 |
= | 33248 | / | 106231.8 | |
= | 0.31297596 |
Gearing (Last Year: Dec22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec21 to Dec22 |
= | 34443 | / | 102490 | |
= | 0.33606205 |
Dominion Energy's gearing of this year was 0.31297596. Dominion Energy's gearing of last year was 0.33606205.
==> 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 |
= | 25387 | / | 24476 | |
= | 1.03722013 |
Current Ratio (Last Year: Dec22) | = | Total Current Assets | / | Total Current Liabilities |
= | 9850 | / | 13450 | |
= | 0.73234201 |
Dominion Energy's current ratio of this year was 1.03722013. Dominion Energy's current ratio of last year was 0.73234201.
==> 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.
Dominion Energy's number of shares in issue this year was 837.6. Dominion Energy's number of shares in issue last year was 834.1.
==> 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 |
= | 7800 | / | 16390 | |
= | 0.47589994 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 7174 | / | 15641 | |
= | 0.45866633 |
Dominion Energy's gross margin of this year was 0.47589994. Dominion Energy's gross margin of last year was 0.45866633.
==> 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) |
= | 16390 | / | 104795 | |
= | 0.15640059 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec21) |
= | 15641 | / | 99590 | |
= | 0.15705392 |
Dominion Energy's asset turnover of this year was 0.15640059. Dominion Energy's asset turnover of last year was 0.15705392.
==> Last year's asset turnover is higher ==> Score 0.
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 | + | 1 | + | 1 | + | 1 | + | 0 | + | 1 | + | 0 | |
= | 7 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Dominion Energy has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Dominion Energy (NYSE:D) 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.
Thank you for viewing the detailed overview of Dominion Energy's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Diane Leopold | other: President - Dominion Energy | 120 TREDEGAR STREET, RICHMOND VA 23219 |
Susan N Story | director | ONE ENERGY PLACE, PENSCOLA FL 32520 |
Steven D Ridge | officer: SVP & CFO | 120 TREDEGAR STREET, RICHMOND VA 23219 |
Kristin G Lovejoy | director | 120 TREDEGAR STREET, RICHMOND VA 23219 |
Robert M Blue | officer: Senior Vice President | 120 TREDEGAR STREET, RICHMOND VA 23219 |
William Keller Kissam | officer: President - Dominion Energy SC | DOMINION ENERGY, 120 TREDEGAR STREET, RICHMOND VA 23219 |
James R. Chapman | officer: SVP, CFO & Treasurer | 120 TREDEGAR STREET, RICHMOND VA 23219 |
Mark J Kington | director | 100 TREDEGAR STREET, RICHMOND VA 23219 |
Farrell Thomas F Ii | officer: Executive Vice President | P O BOX 26532, RICHOMOND VA 23261 |
Edward H Baine | officer: President - Dominion Energy VA | 600 CANAL PLACE, RICHMOND VA 23219 |
Donald R. Raikes | officer: President - Gas Distribution | 120 TREDEGAR STREET, RICHMOND VA 23219 |
Paul E Ruppert | officer: President-Gas Trans & Storage | 5000 DOMINION BOULEVARD, GLEN ALLEN VA 23060 |
Daniel G. Stoddard | officer: SVP and Chief Nuclear Officer | 5000 DOMINION BOULEVARD, GLEN ALLEN VA 23060 |
Michael E Szymanczyk | director | DOMINION RESOURCES, INC., 100 TREDEGAR STREET, RICHMOND VA 23219 |
Joseph M Rigby | director | SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
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