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Lions Gate Entertainment Piotroski F-Score

: 1 (As of Today)
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Warning Sign:

Piotroski F-Score of 1 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Lions Gate Entertainment has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Lions Gate Entertainment's Piotroski F-Score or its related term are showing as below:

NYSE:LGF.B' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 1

1
7

During the past 13 years, the highest Piotroski F-Score of Lions Gate Entertainment was 7. The lowest was 1. And the median was 5.


Lions Gate Entertainment Piotroski F-Score Historical Data

The historical data trend for Lions Gate Entertainment'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.

Lions Gate Entertainment 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 6.00 6.00 5.00 6.00 3.00

Lions Gate Entertainment 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 6.00 5.00 5.00 3.00 1.00

Competitive Comparison

For the Entertainment subindustry, Lions Gate Entertainment'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.

   

Lions Gate Entertainment Piotroski F-Score Distribution

For the Media - Diversified industry and Communication Services sector, Lions Gate Entertainment's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lions Gate Entertainment'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 -18.4 + -13.9 + -37.7 + -45.4 = $-115 Mil.
Cash Flow from Operations was 122.1 + -44.2 + -159.8 + -348.7 = $-431 Mil.
Revenue was 745 + 836.4 + 876.5 + 901.2 = $3,359 Mil.
Gross Profit was 378.2 + 377.1 + 399.6 + 415 = $1,570 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(7756 + 7746.5 + 8008 + 8306.2 + 8212.9) / 5 = $8005.92 Mil.
Total Assets at the begining of this year (Jun20) was $7,756 Mil.
Long-Term Debt & Capital Lease Obligation was $2,954 Mil.
Total Current Assets was $853 Mil.
Total Current Liabilities was $1,556 Mil.
Net Income was 1.8 + -91.2 + -45 + 51.1 = $-83 Mil.

Revenue was 983.5 + 998.5 + 944.3 + 813.7 = $3,740 Mil.
Gross Profit was 484.1 + 403.9 + 380.2 + 390.7 = $1,659 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(8437.3 + 8226.4 + 7959.7 + 7951.2 + 7756) / 5 = $8066.12 Mil.
Total Assets at the begining of last year (Jun19) was $8,437 Mil.
Long-Term Debt & Capital Lease Obligation was $2,727 Mil.
Total Current Assets was $955 Mil.
Total Current Liabilities was $1,330 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.

Lions Gate Entertainment's current Net Income (TTM) was -115. ==> 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.

Lions Gate Entertainment's current Cash Flow from Operations (TTM) was -431. ==> 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 (Jun20)
=-115.4/7756
=-0.0148788

ROA (Last Year)=Net Income/Total Assets (Jun19)
=-83.3/8437.3
=-0.00987283

Lions Gate Entertainment's return on assets of this year was -0.0148788. Lions Gate Entertainment's return on assets of last year was -0.00987283. ==> 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.

Lions Gate Entertainment's current Net Income (TTM) was -115. Lions Gate Entertainment's current Cash Flow from Operations (TTM) was -431. ==> -431 <= -115 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=2953.7/8005.92
=0.36893948

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=2726.6/8066.12
=0.33803117

Lions Gate Entertainment's gearing of this year was 0.36893948. Lions Gate Entertainment's gearing of last year was 0.33803117. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=853.3/1555.6
=0.54853433

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=954.5/1330.2
=0.71756127

Lions Gate Entertainment's current ratio of this year was 0.54853433. Lions Gate Entertainment's current ratio of last year was 0.71756127. ==> 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.

Lions Gate Entertainment's number of shares in issue this year was 221.8. Lions Gate Entertainment's number of shares in issue last year was 219.9. ==> 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
=1569.9/3359.1
=0.46735733

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1658.9/3740
=0.44355615

Lions Gate Entertainment's gross margin of this year was 0.46735733. Lions Gate Entertainment's gross margin of last year was 0.44355615. ==> 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 (Jun20)
=3359.1/7756
=0.43309696

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=3740/8437.3
=0.44326977

Lions Gate Entertainment's asset turnover of this year was 0.43309696. Lions Gate Entertainment's asset turnover of last year was 0.44326977. ==> 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
=0+0+0+0+0+0+0+1+0
=1

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

Lions Gate Entertainment has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Lions Gate Entertainment  (NYSE:LGF.B) 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.


Lions Gate Entertainment Piotroski F-Score Related Terms

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


Lions Gate Entertainment Business Description

Lions Gate Entertainment logo
Industry
Traded in Other Exchanges
Address
250 Howe Street, 20th Floor, Vancouver, BC, CAN, V6C 3R8
Lions Gate Entertainment Corp is a filmed entertainment studio with a presence in motion pictures, television programming, home entertainment, and digitally delivered content. The company releases more than 25 motion pictures theatrically per year, which includes films developed in-house, as well as films acquired from third parties.
Executives
Sanchez Daniel E. director C/O DISCOVERY, INC. 8403 COLESVILLE ROAD SILVER SPRING MD 20910
Mccaw Susan director LIONSGATE 2700 COLORADO AVENUE SANTA MONICA CA 90404
Crawford Gordon director LIONSGATE 2700 COLORADO AVENUE SANTA MONICA CA 90404
Rachesky Mark H Md director, 10 percent owner 40 WEST 57TH STREET, 24TH FLOOR NEW YORK NY 10019
Fine Emily director 1345 AVENUE OF THE AMERICAS 42ND FLOOR NEW YORK NY 10105
Clyburn Mignon L director 12601 PLANTSIDE DRIVE LOUISVILLE KY 40299
Ostolaza Yvette director LIONSGATE 2700 COLORADO AVENUE SANTA MONICA CA 90404
Simmons Hardwick director 880 CARILLON PARKWAY ST. PETERSBURG FL 33716
Simm Daryl director 437 MADISON AVENUE NEW YORK NY 10022
Barge James W officer: Chief Financial Officer VIACOM INC. 1515 BROADWAY NEW YORK NY 10036
Liberty Global Ventures Ltd 10 percent owner GRIFFIN HOUSE, 161 HAMMERSMITH ROAD LONDON X0 W6 8BS
Liberty Global Plc 10 percent owner 1550 WEWATTA ST, SUITE 1000 DENVER CO 80202
Goldsmith Brian officer: Chief Operating Officer LIONS GATE ENTERTAINMENT CORP. 2700 COLORADO AVENUE SANTA MONICA CA 90292
Evrensel Arthur director C/O 2200-1055 WEST HASTINGS STREET VANCOUVER A1 V6E 2E9
Feltheimer Jon director, officer: Chief Executive Officer 2700 COLORADO AVENUE STE 200 SANTA MONICA CA 90404

Lions Gate Entertainment Headlines

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