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DOMA (Doma Holdings) Piotroski F-Score : 0 (As of Jul. 04, 2025)


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What is Doma Holdings 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

Doma Holdings 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 Doma Holdings's Piotroski F-Score or its related term are showing as below:


Doma Holdings Piotroski F-Score Historical Data

The historical data trend for Doma Holdings'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.

Doma Holdings Piotroski F-Score Chart

Doma Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A 1.00 5.00

Doma Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Premium Member Only Premium Member Only N/A 2.00 5.00 4.00 4.00

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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was -25.626 + -20.788 + -20.551 + -20.397 = $-87.4 Mil.
Cash Flow from Operations was -18.382 + -8.647 + -13.654 + -6.8 = $-47.5 Mil.
Revenue was 76.24 + 84.612 + 66.067 + 77.646 = $304.6 Mil.
Gross Profit was -0.096 + 3.846 + -0.939 + 2.3 = $5.1 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(291.266 + 263.176 + 240.301 + 223.199 + 213.672) / 5 = $246.3228 Mil.
Total Assets at the begining of this year (Jun23) was $291.3 Mil.
Long-Term Debt & Capital Lease Obligation was $175.9 Mil.
Total Current Assets was $138.4 Mil.
Total Current Liabilities was $15.0 Mil.
Net Income was -84.113 + -109.418 + -42.123 + -35.877 = $-271.5 Mil.

Revenue was 97.915 + 88.875 + 68.812 + 81.279 = $336.9 Mil.
Gross Profit was -14.247 + -11.35 + -11.133 + -0.925 = $-37.7 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(567.08 + 489.203 + 378.508 + 338.219 + 291.266) / 5 = $412.8552 Mil.
Total Assets at the begining of last year (Jun22) was $567.1 Mil.
Long-Term Debt & Capital Lease Obligation was $174.9 Mil.
Total Current Assets was $164.6 Mil.
Total Current Liabilities was $6.7 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.

Doma Holdings's current Net Income (TTM) was -87.4. ==> 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.

Doma Holdings's current Cash Flow from Operations (TTM) was -47.5. ==> 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 (Jun23)
=-87.362/291.266
=-0.29993889

ROA (Last Year)=Net Income/Total Assets (Jun22)
=-271.531/567.08
=-0.47882309

Doma Holdings's return on assets of this year was -0.29993889. Doma Holdings's return on assets of last year was -0.47882309. ==> 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.

Doma Holdings's current Net Income (TTM) was -87.4. Doma Holdings's current Cash Flow from Operations (TTM) was -47.5. ==> -47.5 > -87.4 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=175.852/246.3228
=0.71390874

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=174.904/412.8552
=0.4236449

Doma Holdings's gearing of this year was 0.71390874. Doma Holdings's gearing of last year was 0.4236449. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=138.401/15.01
=9.22058628

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=164.574/6.688
=24.60735646

Doma Holdings's current ratio of this year was 9.22058628. Doma Holdings's current ratio of last year was 24.60735646. ==> 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.

Doma Holdings's number of shares in issue this year was 13.993. Doma Holdings's number of shares in issue last year was 13.324. ==> 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
=5.111/304.565
=0.01678131

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-37.655/336.881
=-0.11177537

Doma Holdings's gross margin of this year was 0.01678131. Doma Holdings's gross margin of last year was -0.11177537. ==> 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 (Jun23)
=304.565/291.266
=1.04565929

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=336.881/567.08
=0.59406257

Doma Holdings's asset turnover of this year was 1.04565929. Doma Holdings's asset turnover of last year was 0.59406257. ==> 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+0+0+0+1+1
=4

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

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

Doma Holdings  (NYSE:DOMA) 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.


Doma Holdings Piotroski F-Score Related Terms

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Doma Holdings Business Description

Traded in Other Exchanges
N/A
Address
101 Mission Street, Suite 740, San Francisco, CA, USA, 94105
Doma Holdings Inc is architecting the future of real estate transactions. The company uses machine intelligence and its patented technology solutions to transform residential real estate, making closings instant and affordable. The company operates through two complementary segments- Underwriting and Corporate and other. Majority revenue is generated from Underwriting segment. Underwriting segment reflects the results of its title insurance underwriting business, including policies referred through Direct Agents and Third-Party Agents channels. Corporate and Other segment includes operations related to the execution of the title, escrow and settlement services through Doma Enterprise channel.
Executives
Michael Alan Smith officer: Chief Accounting Officer C/O CAPITALSOURCE INC., 5404 WISCONSIN AVENUE, 2ND FLOOR, CHEVY CHASE MD 20815
Maxwell Simkoff director, 10 percent owner, officer: Chief Executive Officer 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105
Hasan Rizvi officer: Chief Technology Officer 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105
Len X, Llc 10 percent owner 700 NW 107 AVENUE, MIAMI FL 33172
Lennar Corp /new/ 10 percent owner 5505 WATERFORD DISTRICT DRIVE, MIAMI FL 33126
Mark Ein director
Len Fw Investor, Llc 10 percent owner 700 NW 107 AVENUE, MIAMI FL 33172
Maxine Williams director 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105
Foundation Capital Viii, L.p. 10 percent owner 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Foundation Capital Viii Principals Fund, L.l.c. 10 percent owner 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Foundation Capital Management Co. Lf Ii, L.l.c. 10 percent owner 550 HIGH STREET, 3RD FLOOR, PALO ALTO CA 94301
Foundation Capital Leadership Fund Ii, L.p. 10 percent owner 550 HIGH STREET, 3RD FLOOR, PALO ALTO CA 94301
Stuart A Miller director 700 NW 107TH AVE, MIAMI FL 33172
Christopher T Morrison officer: Chief Operating Officer 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105
Eric J Watson officer: General Counsel & Secretary 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105