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Intelsat (Intelsat) Piotroski F-Score : 6 (As of Apr. 25, 2024)


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What is Intelsat 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

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

IPRA.PFD' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Intelsat was 7. The lowest was 3. And the median was 4.


Intelsat Piotroski F-Score Historical Data

The historical data trend for Intelsat'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.

Intelsat Piotroski F-Score Chart

Intelsat Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 3.00 4.00 3.00 3.00

Intelsat Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 Premium Member Only Premium Member Only Premium Member Only 4.00 3.00 6.00 6.00 6.00

Competitive Comparison of Intelsat's Piotroski F-Score

For the Telecom Services subindustry, Intelsat'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.


Intelsat's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Intelsat's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Intelsat'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 (Sep21) TTM:Last Year (Sep20) TTM:
Net Income was -271.607 + -174.876 + -152.306 + -145.69 = $-744.48 Mil.
Cash Flow from Operations was 136.573 + 12.407 + 25.953 + 11.816 = $186.75 Mil.
Revenue was 482.777 + 502.763 + 507.862 + 526.095 = $2,019.50 Mil.
Gross Profit was 363.145 + 337.53 + 344.545 + 348.919 = $1,394.14 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(12014.416 + 12797.681 + 12844.736 + 12910.11 + 13253.07) / 5 = $12764.0026 Mil.
Total Assets at the begining of this year (Sep20) was $12,014.42 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $2,225.06 Mil.
Total Current Liabilities was $7,529.27 Mil.
Net Income was -114.959 + -218.771 + -405.355 + -15.931 = $-755.02 Mil.

Revenue was 516.951 + 458.82 + 482.034 + 489.449 = $1,947.25 Mil.
Gross Profit was 416.393 + 353.735 + 375.073 + 369.48 = $1,514.68 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(11881.34 + 11804.382 + 11695.674 + 12039.187 + 12014.416) / 5 = $11886.9998 Mil.
Total Assets at the begining of last year (Sep19) was $11,881.34 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $1,381.39 Mil.
Total Current Liabilities was $5,859.29 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.

Intelsat's current Net Income (TTM) was -744.48. ==> 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.

Intelsat's current Cash Flow from Operations (TTM) was 186.75. ==> 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 (Sep20)
=-744.479/12014.416
=-0.06196548

ROA (Last Year)=Net Income/Total Assets (Sep19)
=-755.016/11881.34
=-0.06354637

Intelsat's return on assets of this year was -0.06196548. Intelsat's return on assets of last year was -0.06354637. ==> 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.

Intelsat's current Net Income (TTM) was -744.48. Intelsat's current Cash Flow from Operations (TTM) was 186.75. ==> 186.75 > -744.48 ==> 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: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=0/12764.0026
=0

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=0/11886.9998
=0

Intelsat's gearing of this year was 0. Intelsat's gearing of last year was 0. ==> 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: Sep21)=Total Current Assets/Total Current Liabilities
=2225.063/7529.268
=0.29552182

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=1381.392/5859.287
=0.23576111

Intelsat's current ratio of this year was 0.29552182. Intelsat's current ratio of last year was 0.23576111. ==> 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.

Intelsat's number of shares in issue this year was 0. Intelsat's number of shares in issue last year was 0. ==> 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
=1394.139/2019.497
=0.69033972

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1514.681/1947.254
=0.77785487

Intelsat's gross margin of this year was 0.69033972. Intelsat's gross margin of last year was 0.77785487. ==> 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 (Sep20)
=2019.497/12014.416
=0.16808949

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=1947.254/11881.34
=0.16389178

Intelsat's asset turnover of this year was 0.16808949. Intelsat's asset turnover of last year was 0.16389178. ==> 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+1+1+1+1+1+1+0+1
=7

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

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

Intelsat  (NYSE:IPRA.PFD) 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.


Intelsat Piotroski F-Score Related Terms

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Intelsat (Intelsat) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
4 rue Albert Borschette, Luxembourg, LUX, L-1246
Intelsat SA is a Luxembourg-based company which operates satellite services business. It is engaged in providing diversified communications services to the media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, and a multinational corporation. In addition, it provides commercial satellite communication services to the United States government and other select military organizations and their contractors. Intelsat operates through a single segment being Providing satellite services. The company earns the majority of its revenue from North America.
Executives
Jonathan B Cobin officer: Chief Strategy Officer 1250 N ARLINGTON HEIGHTS RD, STE 500, ITASCA IL 60143
John Wade officer: President, Commercial Aviation 1250 N ARLINGTON HEIGHTS RD, STE 500, ITASCA IL 60143
Bruno Fromont officer: SVP, Strategy and Planning INTELSAT, 7900 TYSONS ONE PLACE, MCLEAN VA 22102
Bc European Capital Viii-36 Sc 10 percent owner C/O LMBO EUROPE SAS, 54 AVENUE MARCEAU, PARIS I0 75008
Bc European Capital Viii-8 10 percent owner C/O CIE MANAGEMENT II LIMITED, HERITAGE HALL, LE MARCHANT STREET, ST. PETER PORT, GUERNSEY X0 GY1 4HY
Bc European Capital Viii-7 10 percent owner C/O CIE MANAGEMENT II LIMITED, HERITAGE HALL, LE MARCHANT STREET, ST. PETER PORT, GUERNSEY X0 GY1 4HY
Bc European Capital Viii-6 10 percent owner C/O CIE MANAGEMENT II LIMITED, HERITAGE HALL, LE MARCHANT STREET, ST. PETER PORT, GUERNSEY X0 GY1 4HY
Bc European Capital Viii-5 10 percent owner C/O CIE MANAGEMENT II LIMITED, HERITAGE HALL, LE MARCHANT STREET, ST. PETER PORT, GUERNSEY X0 GY1 4HY
Bc European Capital Viii-4 10 percent owner C/O CIE MANAGEMENT II LIMITED, HERITAGE HALL, LE MARCHANT STREET, ST. PETER PORT, GUERNSEY X0 GY1 4HY
Bc European Capital Viii-39 Sc 10 percent owner C/O LMBO EUROPE SAS, 54 AVENUE MARCEAU, PARIS I0 75008
Bc European Capital Viii-38 Sc 10 percent owner C/O LMBO EUROPE SAS, 54 AVENUE MARCEAU, PARIS I0 75008
Justin Bateman director C/O BC PARTNERS, 667 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065
Bc European Capital Viii-35 Sc 10 percent owner C/O LMBO EUROPE SAS, 54 AVENUE MARCEAU, PARIS I0 75008
Bc European Capital Viii-34 10 percent owner C/O CIE MANAGEMENT II LIMITED, HERITAGE HALL, LE MARCHANT STREET, ST. PETER PORT, GUERNSEY X0 GY1 4HY
Bc European Capital Viii-33 10 percent owner C/O CIE MANAGEMENT II LIMITED, HERITAGE HALL, LE MARCHANT STREET, ST. PETER PORT, GUERNSEY X0 GY1 4HY

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