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EnerSys 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

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

NYSE:ENS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

3
9

During the past 13 years, the highest Piotroski F-Score of EnerSys was 9. The lowest was 3. And the median was 6.


EnerSys Piotroski F-Score Historical Data

The historical data trend for EnerSys'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.

EnerSys Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 5.00 6.00 4.00

EnerSys Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 4.00 5.00 4.00 6.00

Competitive Comparison

For the Electrical Equipment & Parts subindustry, EnerSys'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.

   

EnerSys Piotroski F-Score Distribution

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

* The bar in red indicates where EnerSys'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 (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 35.731 + 38.624 + 33.836 + 43.929 = $152 Mil.
Cash Flow from Operations was 100.709 + 54.826 + 86.276 + -48.143 = $194 Mil.
Revenue was 708.402 + 751.067 + 813.539 + 814.893 = $3,088 Mil.
Gross Profit was 177.56 + 189.312 + 197.301 + 193.219 = $757 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(3284.738 + 3333.222 + 3475.228 + 3462.797 + 3472.445) / 5 = $3405.686 Mil.
Total Assets at the begining of this year (Jun20) was $3,285 Mil.
Long-Term Debt & Capital Lease Obligation was $1,020 Mil.
Total Current Assets was $1,700 Mil.
Total Current Liabilities was $605 Mil.
Net Income was 62.698 + 27.305 + -1.523 + 35.183 = $124 Mil.

Revenue was 762.137 + 763.698 + 781.803 + 704.924 = $3,013 Mil.
Gross Profit was 197.317 + 185.241 + 200.796 + 174.977 = $758 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(3182.418 + 3290.813 + 3341.431 + 3301.698 + 3284.738) / 5 = $3280.2196 Mil.
Total Assets at the begining of last year (Jun19) was $3,182 Mil.
Long-Term Debt & Capital Lease Obligation was $1,081 Mil.
Total Current Assets was $1,525 Mil.
Total Current Liabilities was $543 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.

EnerSys's current Net Income (TTM) was 152. ==> 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.

EnerSys's current Cash Flow from Operations (TTM) was 194. ==> 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 (Jun20)
=152.12/3284.738
=0.04631115

ROA (Last Year)=Net Income/Total Assets (Jun19)
=123.663/3182.418
=0.03885819

EnerSys's return on assets of this year was 0.04631115. EnerSys's return on assets of last year was 0.03885819. ==> 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.

EnerSys's current Net Income (TTM) was 152. EnerSys's current Cash Flow from Operations (TTM) was 194. ==> 194 > 152 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=1020.416/3405.686
=0.29962128

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=1080.512/3280.2196
=0.32940234

EnerSys's gearing of this year was 0.29962128. EnerSys's gearing of last year was 0.32940234. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=1699.8/604.743
=2.81078078

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=1524.939/543.281
=2.80690655

EnerSys's current ratio of this year was 2.81078078. EnerSys's current ratio of last year was 2.80690655. ==> 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.

EnerSys's number of shares in issue this year was 43.537. EnerSys's number of shares in issue last year was 42.932. ==> 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
=757.392/3087.901
=0.24527729

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=758.331/3012.562
=0.25172295

EnerSys's gross margin of this year was 0.24527729. EnerSys's gross margin of last year was 0.25172295. ==> Last year's gross margin is higher ==> Score 0.

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 (Jun20)
=3087.901/3284.738
=0.94007528

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=3012.562/3182.418
=0.94662675

EnerSys's asset turnover of this year was 0.94007528. EnerSys's asset turnover of last year was 0.94662675. ==> 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+0+0
=6

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

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

EnerSys  (NYSE:ENS) 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.


EnerSys Piotroski F-Score Related Terms

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


EnerSys Business Description

EnerSys logo
Industry
Industrials » Industrial Products NAICS : 335911 SIC : 5063
Traded in Other Exchanges
Address
2366 Bernville Road, Reading, PA, USA, 19605
EnerSys provides stored energy solutions for industrial applications. It also manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems which combine enclosures, power conversion, power distribution and energy storage are used in the telecommunication and broadband, utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Its segments include Energy Systems, Motive Power, and Specialty.
Executives
Katsaros Arthur T director 7201 HAMILTON BLVD ALLENTOWN PA 181951501
Tufano Paul J director C/O SOLECTRON CORPORATION 847 GIBRALTAR DR. MILPITAS CA 95035
Vargo Ronald P director 41 UNIVERSITY DRIVE, SUITE 202 NEWTOWN PA 18940
Kane Kerry M officer: VP, Corporate Controller & PAO 2366 BERNVILLE ROAD READING PA 19605
Magnus Robert director 2366 BERNVILLE ROAD READING PA 19605
Connors Nelda J director BOSTON SCIENTIFIC CORPORATION 300 BOSTON SCIENTIFIC WAY MARLBOROUGH MA 01752-1234
Chung Hwan-yoon director METALMARK CAPITAL LLC 1177 AVENUE OF THE AMERICAS, 40TH FLOOR NEW YORK NY 10036
Schmidtlein Michael J officer: Executive Vice President & CFO 2366 BERNVILLE ROAD READING PA 19605
Hoffen Howard I director 1585 BROADWAY NEW YORK NY 10036
Fludder Steven M director 264 NANTASKET ROAD HULL MA 02045
Shaffer David M director, officer: President & CEO C/O ENERSYS 2366 BERNVILLE ROAD READING PA 19605
Zogby Andrew M. officer: Pres. Energy Systems Global 2366 BERNVILLE ROAD READING PA 19605
Chan Caroline director 2366 BERNVILLE ROAD READING PA 19605
Lehman John F director 450 PARK AVENUE 6TH FLOOR NEW YORK NY 10022
Marlo Dennis S director 1130 BERKSHIRE BOULEVARD WYOMISSING PA 19610

EnerSys Headlines

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