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Leidos Holdings 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

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

NYSE:LDOS' 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 Leidos Holdings was 9. The lowest was 3. And the median was 6.


Leidos Holdings Piotroski F-Score Historical Data

The historical data trend for Leidos 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.

Leidos Holdings Annual Data
Trend Jan11 Jan12 Jan13 Jan14 Jan15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 8.00 6.00 5.00

Leidos Holdings 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 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 6.00 5.00 7.00 7.00 6.00

Competitive Comparison

For the Information Technology Services subindustry, Leidos Holdings'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.

   

Leidos Holdings Piotroski F-Score Distribution

For the Software industry and Technology sector, Leidos Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Leidos Holdings'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 197 + 205 + 169 + 205 = $776 Mil.
Cash Flow from Operations was -52 + 239 + 17 + 565 = $769 Mil.
Revenue was 3252 + 3315 + 3448 + 3483 = $13,498 Mil.
Gross Profit was 491 + 467 + 498 + 541 = $1,997 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(12285 + 12511 + 12638 + 13035 + 13281) / 5 = $12750 Mil.
Total Assets at the begining of this year (Sep20) was $12,285 Mil.
Long-Term Debt & Capital Lease Obligation was $5,231 Mil.
Total Current Assets was $3,569 Mil.
Total Current Liabilities was $3,347 Mil.
Net Income was 181 + 115 + 153 + 163 = $612 Mil.

Revenue was 2954 + 2889 + 2914 + 3242 = $11,999 Mil.
Gross Profit was 427 + 395 + 383 + 468 = $1,673 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(9410 + 9367 + 10988 + 12143 + 12285) / 5 = $10838.6 Mil.
Total Assets at the begining of last year (Sep19) was $9,410 Mil.
Long-Term Debt & Capital Lease Obligation was $4,674 Mil.
Total Current Assets was $3,199 Mil.
Total Current Liabilities was $3,398 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.

Leidos Holdings's current Net Income (TTM) was 776. ==> 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.

Leidos Holdings's current Cash Flow from Operations (TTM) was 769. ==> 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)
=776/12285
=0.06316646

ROA (Last Year)=Net Income/Total Assets (Sep19)
=612/9410
=0.06503719

Leidos Holdings's return on assets of this year was 0.06316646. Leidos Holdings's return on assets of last year was 0.06503719. ==> Last year is higher ==> Score 0.

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.

Leidos Holdings's current Net Income (TTM) was 776. Leidos Holdings's current Cash Flow from Operations (TTM) was 769. ==> 769 <= 776 ==> CFROA <= ROA ==> Score 0.

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
=5231/12750
=0.41027451

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=4674/10838.6
=0.43123651

Leidos Holdings's gearing of this year was 0.41027451. Leidos Holdings's gearing of last year was 0.43123651. ==> 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
=3569/3347
=1.06632805

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=3199/3398
=0.94143614

Leidos Holdings's current ratio of this year was 1.06632805. Leidos Holdings's current ratio of last year was 0.94143614. ==> 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.

Leidos Holdings's number of shares in issue this year was 143. Leidos Holdings's number of shares in issue last year was 144. ==> 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
=1997/13498
=0.14794784

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1673/11999
=0.13942829

Leidos Holdings's gross margin of this year was 0.14794784. Leidos Holdings's gross margin of last year was 0.13942829. ==> 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 (Sep20)
=13498/12285
=1.0987383

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=11999/9410
=1.27513284

Leidos Holdings's asset turnover of this year was 1.0987383. Leidos Holdings's asset turnover of last year was 1.27513284. ==> 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+0+0+1+1+1+1+0
=6

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

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

Leidos Holdings  (NYSE:LDOS) 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.


Leidos Holdings Piotroski F-Score Related Terms

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


Leidos Holdings Business Description

Leidos Holdings logo
Industry
Technology » Software NAICS : 541513 SIC : 7373
Traded in Other Exchanges
Address
11951 Freedom Drive, Reston, VA, USA, 20190
Leidos Holdings Inc is engaged in scientific, engineering, system integration, technical services, and solutions to various government entities and highly regulated industries, including the U.S. Department of Defense, Intelligence Community and the British Ministry of Defense. Areas of focus include intelligence and surveillance, cybersecurity, complex logistics, energy, and health.
Executives
John Miriam E director 7011 EAST AVENUE LIVERMORE CA 94550
Moos James Robert officer: Group President 11951 FREEDOM DRIVE RESTON VA 20190
Kraemer Harry M Jansen Jr director DENTSPLY SIRONA INC. 13320 BALLANTYNE CORPORATE PLACE CHARLOTTE NC 28277
Krone Roger A director, officer: CEO PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: KRONE ROGER A a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Cage Christopher R officer: SVP and Corporate Controller 11951 FREEDOM DRIVE RESTON VA 20190
Kendall Frank Iii director 11951 FREEDOM DRIVE RESTON VA 20190
Reagan James officer: EVP, Chief Financial Officer C/O DELTEK 13880 DULLES CORNER LANE HERNDON VA 20171
Howe Jerald S Jr officer: Executive VP & General Counsel PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HOWE JERALD S JR a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Williams Noel B director ONE PARK PLAZA NASHVILLE TN 37203
Schmanske Mary Vicki officer: Group President 11951 FREEDOM DRIVE RESTON VA 20190
Porter Elizabeth A officer: Group President 1750 PRESIDENTS STREET RESTON VA 20190
Stevens Roy E officer: Chief of Business Development 11951 FREEDOM DRIVE RESTON VA 20190
May Gary Stephen director 11951 FREEDOM DRIVE RESTON VA 20190
Fubini David G director D.G. FUBINI CONSULTANTS, LLC 80 SEARS ROAD BROOKLINE MA 02445
Stalnecker Susan M director TWO N NINTHST ALLENTOWN PA 18101

Leidos Holdings Headlines

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