Switch to:
Suncor Energy Inc  (NYSE:SU) Piotroski F-Score: 6 (As of Today)

The zones of discrimination were as such:

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

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

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

3
9

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


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Suncor Energy Inc Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 3.00 5.00 8.00 6.00

Suncor Energy Inc Quarterly Data

Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 8.00 8.00 7.00 8.00 6.00

Competitive Comparison
* 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.


Suncor Energy Inc Distribution

* The bar in red indicates where Suncor Energy Inc's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

This Year (Dec18) TTM:Last Year (Dec17) TTM:
Net Income was 610.067269775 + 740.571428571 + 1390.21021943 + -208.395355761 = USD 2,532 Mil.
Cash Flow from Operations was 559.80824248 + 1863.61904762 + 3352.7696793 + 2262.57814826 = USD 8,039 Mil.
Revenue was 6809.7115905 + 7868.19047619 + 8322.08071198 + 6371.68800238 = USD 29,372 Mil.
Gross Profit was 3507.30688935 + 3718.0952381 + 4174.46677919 + 2838.64245311 = USD 14,239 Mil.
Average Total Assets from the begining of this year (Dec17)
to the end of this year (Dec18) was
(70086.9292819 + 70576.8189902 + 70425.9047619 + 70098.2046954 + 66670.8841917) / 5 = USD 69571.7483842 Mil.
Total Assets at the begining of this year (Dec17) was USD 70,087 Mil.
Long-Term Debt & Capital Lease Obligation was USD 10,338 Mil.
Total Current Assets was USD 6,475 Mil.
Total Current Liabilities was USD 7,673 Mil.
Net Income was 1009.93501158 + 327.190673185 + 1049.75975242 + 1082.30871642 = USD 3,469 Mil.

Revenue was 5816.83723015 + 5438.88679955 + 6485.0557863 + 7027.17518991 = USD 24,768 Mil.
Gross Profit was 2903.56315829 + 2125.611132 + 3100.41534327 + 3690.18717206 = USD 11,820 Mil.
Average Net Income from the begining of last year (Dec16)
to the end of last year (Dec17) was
(66498.2382487 + 66004.3325614 + 65661.5268898 + 71622.2819448 + 70086.9292819) / 5 = USD 67974.6617853 Mil.
Total Assets at the begining of last year (Dec16) was USD 66,498 Mil.
Long-Term Debt & Capital Lease Obligation was USD 10,472 Mil.
Total Current Assets was USD 7,500 Mil.
Total Current Liabilities was USD 7,485 Mil.

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.

Suncor Energy Inc's current Net Income (TTM) was 2,532. ==> 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.

Suncor Energy Inc's current Cash Flow from Operations (TTM) was 8,039. ==> 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(Dec17)
=2532.45356201/70086.9292819
=0.03613304

ROA (Last Year)=Net Income/Total Assets(Dec16)
=3469.19415361/66498.2382487
=0.05216972

Suncor Energy Inc's return on assets of this year was 0.03613304. Suncor Energy Inc's return on assets of last year was 0.05216972. ==> 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.

Suncor Energy Inc's current Net Income (TTM) was 2,532. Suncor Energy Inc's current Cash Flow from Operations (TTM) was 8,039. ==> 8,039 > 2,532 ==> 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: Dec18)=Long-Term Debt & Capital Lease Obligation/Total Assetsfrom Dec17 to Dec18
=10337.898184/69571.7483842
=0.14859334

Gearing (Last Year: Dec17)=Long-Term Debt & Capital Lease Obligation/Total Assetsfrom Dec16 to Dec17
=10472.2374501/67974.6617853
=0.1540609

Suncor Energy Inc's gearing of this year was 0.14859334. Suncor Energy Inc's gearing of last year was 0.1540609. ==> 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: Dec18)=Total Current Assets/Total Current Liabilities
=6475.14141113/7672.67043763
=0.84392279

Current Ratio (Last Year: Dec17)=Total Current Assets/Total Current Liabilities
=7500.19578667/7484.532853
=1.00209271

Suncor Energy Inc's current ratio of this year was 0.84392279. Suncor Energy Inc's current ratio of last year was 1.00209271. ==> 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.

Suncor Energy Inc's number of shares in issue this year was 1602. Suncor Energy Inc's number of shares in issue last year was 1653. ==> 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
=14238.5113598/29371.6707811
=0.48477022

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11819.7768056/24767.9550059
=0.47722054

Suncor Energy Inc's gross margin of this year was 0.48477022. Suncor Energy Inc's gross margin of last year was 0.47722054. ==> 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 (Dec17)
=29371.6707811/70086.9292819
=0.41907487

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec16)
=24767.9550059/66498.2382487
=0.37246032

Suncor Energy Inc's asset turnover of this year was 0.41907487. Suncor Energy Inc's asset turnover of last year was 0.37246032. ==> 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+0+1+1+0+1+1+1
=7

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

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

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.


Related Terms


Headlines

From the Internet

SU
$SU - Suncor 2019 NAV Suncor 2019 Nav

- Seekingalpha 2019-03-19 01:33:13

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)

GF Chat

{{numOfNotice}}
FEEDBACK