GURUFOCUS.COM » STOCK LIST » USA » NYSE » Hess Corp (NYSE:HES) » Definitions » Piotroski F-Score
Switch to:

Hess Piotroski F-Score

: 7 (As of Today)
View and export this data going back to 1983. Start your Free Trial

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

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

HES' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Hess was 9. The lowest was 2. And the median was 5.


Hess Piotroski F-Score Historical Data

The historical data trend for Hess'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.

Hess 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 7.00 6.00 3.00 3.00 7.00

Hess 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 5.00 6.00 7.00 7.00 7.00

Competitive Comparison

For the Oil & Gas E&P subindustry, Hess'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.

   

Hess Piotroski F-Score Distribution

For the Oil & Gas industry and Energy sector, Hess's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hess'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 115 + 265 + 417 + 667 = $1,464 Mil.
Cash Flow from Operations was 615 + 899 + -156 + 1509 = $2,867 Mil.
Revenue was 1759 + 2237 + 2313 + 2955 = $9,264 Mil.
Gross Profit was 1035 + 1474 + 1602 + 2141 = $6,252 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(19166 + 19490 + 20515 + 19798 + 21180) / 5 = $20029.8 Mil.
Total Assets at the begining of this year (Jun21) was $19,166 Mil.
Long-Term Debt & Capital Lease Obligation was $8,979 Mil.
Total Current Assets was $3,969 Mil.
Total Current Liabilities was $2,355 Mil.
Net Income was -243 + -97 + 252 + -73 = $-161 Mil.

Revenue was 1159 + 1321 + 1898 + 1579 = $5,957 Mil.
Gross Profit was 299 + 490 + 1200 + 835 = $2,824 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(19546 + 18969 + 18821 + 18951 + 19166) / 5 = $19090.6 Mil.
Total Assets at the begining of last year (Jun20) was $19,546 Mil.
Long-Term Debt & Capital Lease Obligation was $8,343 Mil.
Total Current Assets was $3,969 Mil.
Total Current Liabilities was $2,527 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.

Hess's current Net Income (TTM) was 1,464. ==> 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.

Hess's current Cash Flow from Operations (TTM) was 2,867. ==> 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)
=1464/19166
=0.07638527

ROA (Last Year)=Net Income/Total Assets (Jun20)
=-161/19546
=-0.00823698

Hess's return on assets of this year was 0.07638527. Hess's return on assets of last year was -0.00823698. ==> 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.

Hess's current Net Income (TTM) was 1,464. Hess's current Cash Flow from Operations (TTM) was 2,867. ==> 2,867 > 1,464 ==> 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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=8979/20029.8
=0.44828206

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=8343/19090.6
=0.43702136

Hess's gearing of this year was 0.44828206. Hess's gearing of last year was 0.43702136. ==> 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
=3969/2355
=1.68535032

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=3969/2527
=1.57063712

Hess's current ratio of this year was 1.68535032. Hess's current ratio of last year was 1.57063712. ==> 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.

Hess's number of shares in issue this year was 310.9. Hess's number of shares in issue last year was 307.5. ==> 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
=6252/9264
=0.67487047

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2824/5957
=0.47406413

Hess's gross margin of this year was 0.67487047. Hess's gross margin of last year was 0.47406413. ==> 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)
=9264/19166
=0.48335594

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=5957/19546
=0.30476824

Hess's asset turnover of this year was 0.48335594. Hess's asset turnover of last year was 0.30476824. ==> 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+1+0+1+0+1+1
=7

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

Hess has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Hess  (NYSE:HES) 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.


Hess Piotroski F-Score Related Terms

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


Hess Business Description

Hess logo
Address
1185 Avenue of the Americas, New York, NY, USA, 10036
Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2021, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 315 thousand barrels of oil equivalent per day in 2021, at a ratio of 69% oil and natural gas liquids and 31% natural gas.
Executives
Glatch Lisa director EVOQUA WATER TECHNOLOGIES CORP. 210 SIXTH AVENUE PITTSBURGH PA 15222
Mcguire Raymond J director 5 GIRALDA FARMS MADISON NJ 07940
Lipschultz Marc S director C/O KOHLBERG KRAVIS ROBERTS & CO 9 WEST 57TH ST NEW YORK NY 10019
Ovelmen Karyn F. director STATIONSPLEIN 45 ROTTERDAM P7 3013AK
Schoonman Geurt G officer: Senior Vice President HESS CORPORATION 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036
Duato Joaquin director ONE JOHNSON & JOHNSON PLAZA NEW BRUNSWICK NJ 08933
Lynch Richard D. officer: Senior Vice President HESS CORPORATION 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036
Coleman Leonard S Jr director C/O ELECTRONIC ARTS INC. 209 REDWOOD SHORES PARKWAY REDWOOD CITY, CA 94065
Slentz Andrew P officer: Senior Vice President 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036
Lowery-yilmaz Barbara J officer: Senior Vice President HESS CORPORATION 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036
Truelove Brian D. officer: Senior Vice President HESS CORPORATION 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036
Goodwillie Eugene W. Jr. 10 percent owner HESS CORPORATION 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036
Checki Terrence J. director HESS CORPORATION 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036
Fishman Eric S. officer: Vice President and Treasurer HESS CORPORATION 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036
Mcmanus David director 5205 N O'CONNOR BLVD SUITE 200 IRVING TX 75039

Hess Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)