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Metso (OHEL:METSO) Piotroski F-Score : 5 (As of Apr. 02, 2025)


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What is Metso 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

Metso has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

OHEL:METSO' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Metso was 8. The lowest was 2. And the median was 5.


Metso Piotroski F-Score Historical Data

The historical data trend for Metso'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.

Metso Piotroski F-Score Chart

Metso Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 4.00 6.00 5.00

Metso Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.00 5.00 5.00 4.00 5.00

Competitive Comparison of Metso's Piotroski F-Score

For the Farm & Heavy Construction Machinery subindustry, Metso'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.


Metso's Piotroski F-Score Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Metso's Piotroski F-Score distribution charts can be found below:

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


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 121 + 128 + -78 + 158 = €329 Mil.
Cash Flow from Operations was 96 + 49 + -64 + 251 = €332 Mil.
Revenue was 1217 + 1214 + 1160 + 1272 = €4,863 Mil.
Gross Profit was 417 + 423 + 371 + 415 = €1,626 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(7156 + 7041 + 6766 + 7056 + 7015) / 5 = €7006.8 Mil.
Total Assets at the begining of this year (Dec23) was €7,156 Mil.
Long-Term Debt & Capital Lease Obligation was €1,399 Mil.
Total Current Assets was €4,103 Mil.
Total Current Liabilities was €2,662 Mil.
Net Income was 135 + 148 + 123 + 137 = €543 Mil.

Revenue was 1334 + 1396 + 1319 + 1342 = €5,391 Mil.
Gross Profit was 416 + 457 + 415 + 416 = €1,704 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(6754 + 6834 + 6913 + 6966 + 7156) / 5 = €6924.6 Mil.
Total Assets at the begining of last year (Dec22) was €6,754 Mil.
Long-Term Debt & Capital Lease Obligation was €1,253 Mil.
Total Current Assets was €4,412 Mil.
Total Current Liabilities was €2,925 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.

Metso's current Net Income (TTM) was 329. ==> 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.

Metso's current Cash Flow from Operations (TTM) was 332. ==> 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 (Dec23)
=329/7156
=0.04597541

ROA (Last Year)=Net Income/Total Assets (Dec22)
=543/6754
=0.0803968

Metso's return on assets of this year was 0.04597541. Metso's return on assets of last year was 0.0803968. ==> 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.

Metso's current Net Income (TTM) was 329. Metso's current Cash Flow from Operations (TTM) was 332. ==> 332 > 329 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1399/7006.8
=0.19966318

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1253/6924.6
=0.18094908

Metso's gearing of this year was 0.19966318. Metso's gearing of last year was 0.18094908. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=4103/2662
=1.54132231

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=4412/2925
=1.50837607

Metso's current ratio of this year was 1.54132231. Metso's current ratio of last year was 1.50837607. ==> 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.

Metso's number of shares in issue this year was 831.579. Metso's number of shares in issue last year was 805.882. ==> 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
=1626/4863
=0.33436151

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1704/5391
=0.31608236

Metso's gross margin of this year was 0.33436151. Metso's gross margin of last year was 0.31608236. ==> 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 (Dec23)
=4863/7156
=0.67956959

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=5391/6754
=0.79819366

Metso's asset turnover of this year was 0.67956959. Metso's asset turnover of last year was 0.79819366. ==> 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+1+0+1+0+1+0
=5

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

Metso has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Metso  (OHEL:METSO) 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.


Metso Piotroski F-Score Related Terms

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Metso Business Description

Traded in Other Exchanges
Address
Rauhalanpuisto 9, Helsinki, FIN, 02330
Metso Corp is a Finnish company. Its offering covers solutions in the aggregates, mining, and metals businesses. The company operates in two reportable segments such as aggregates and minerals. The aggregates segment offers its serving quarry and contractor customers by offering crushing and screening equipment to produce aggregates needed in construction and infrastructure projects. Minerals segment serves mining industry customers by providing equipment, process islands and plants for minerals processing, and hydrometallurgical and pyrometallurgical solutions for the recovery of metals. The company generates majority of its revenue from Minerals segment.

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