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MOBA Network AB (OSTO:MOBA) Piotroski F-Score : 5 (As of Apr. 09, 2025)


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What is MOBA Network AB 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

MOBA Network AB 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 MOBA Network AB's Piotroski F-Score or its related term are showing as below:

OSTO:MOBA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 5
Current: 5

During the past 6 years, the highest Piotroski F-Score of MOBA Network AB was 5. The lowest was 2. And the median was 5.


MOBA Network AB Piotroski F-Score Historical Data

The historical data trend for MOBA Network AB'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.

MOBA Network AB Piotroski F-Score Chart

MOBA Network AB Annual Data
Trend Sep18 Sep19 Sep20 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 5.00 2.00 5.00

MOBA Network AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Mar21 Jun21 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 2.00 5.00 6.00 7.00 5.00

Competitive Comparison of MOBA Network AB's Piotroski F-Score

For the Software - Application subindustry, MOBA Network AB'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.


MOBA Network AB's Piotroski F-Score Distribution in the Software Industry

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

* The bar in red indicates where MOBA Network AB'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 -5.535 + 1.328 + 1.056 + 2.193 = kr-1.0 Mil.
Cash Flow from Operations was 9.777 + -5.884 + 3.51 + 26.787 = kr34.2 Mil.
Revenue was 66.407 + 81.669 + 80.054 + 92.934 = kr321.1 Mil.
Gross Profit was 19.39 + 25.873 + 22.61 + 27.532 = kr95.4 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(796.157 + 844.025 + 825.022 + 809.143 + 705.8) / 5 = kr796.0294 Mil.
Total Assets at the begining of this year (Dec23) was kr796.2 Mil.
Long-Term Debt & Capital Lease Obligation was kr224.6 Mil.
Total Current Assets was kr74.9 Mil.
Total Current Liabilities was kr63.5 Mil.
Net Income was 0.402 + -4.644 + -7.047 + 18.999 = kr7.7 Mil.

Revenue was 55.684 + 63.647 + 71.676 + 82.147 = kr273.2 Mil.
Gross Profit was 9.069 + 13.34 + 20.334 + 25.874 = kr68.6 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(398.101 + 384.355 + 876.473 + 896.212 + 796.157) / 5 = kr670.2596 Mil.
Total Assets at the begining of last year (Dec22) was kr398.1 Mil.
Long-Term Debt & Capital Lease Obligation was kr247.5 Mil.
Total Current Assets was kr96.9 Mil.
Total Current Liabilities was kr62.8 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.

MOBA Network AB's current Net Income (TTM) was -1.0. ==> 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.

MOBA Network AB's current Cash Flow from Operations (TTM) was 34.2. ==> 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)
=-0.958/796.157
=-0.00120328

ROA (Last Year)=Net Income/Total Assets (Dec22)
=7.71/398.101
=0.01936694

MOBA Network AB's return on assets of this year was -0.00120328. MOBA Network AB's return on assets of last year was 0.01936694. ==> 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.

MOBA Network AB's current Net Income (TTM) was -1.0. MOBA Network AB's current Cash Flow from Operations (TTM) was 34.2. ==> 34.2 > -1.0 ==> 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
=224.559/796.0294
=0.28209888

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=247.497/670.2596
=0.36925543

MOBA Network AB's gearing of this year was 0.28209888. MOBA Network AB's gearing of last year was 0.36925543. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=74.932/63.545
=1.17919585

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=96.905/62.756
=1.54415514

MOBA Network AB's current ratio of this year was 1.17919585. MOBA Network AB's current ratio of last year was 1.54415514. ==> 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.

MOBA Network AB's number of shares in issue this year was 22.683. MOBA Network AB's number of shares in issue last year was 22.683. ==> 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
=95.405/321.064
=0.29715259

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=68.617/273.154
=0.25120262

MOBA Network AB's gross margin of this year was 0.29715259. MOBA Network AB's gross margin of last year was 0.25120262. ==> 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)
=321.064/796.157
=0.40326719

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=273.154/398.101
=0.68614246

MOBA Network AB's asset turnover of this year was 0.40326719. MOBA Network AB's asset turnover of last year was 0.68614246. ==> 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+1+0+1+1+0+1+1+0
=5

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

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

MOBA Network AB  (OSTO:MOBA) 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.


MOBA Network AB Piotroski F-Score Related Terms

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MOBA Network AB Business Description

Traded in Other Exchanges
N/A
Address
Birger Jarlsgatan 2, Stockholm, SWE, 114 34
MOBA Network AB is a Sweden based company whose activities revolve around developing web-based forums, so-called communities for users of popular network-based computer games. It owns a network of web-based gaming communities, such as MOBAfire.com and ResetEra.com, and the YouTube network Union For Gamers. The company's business areas consist of advertising sales on the company's websites and video sales through the YouTube network. The Group monitors and reports on operations in two segments, Advertising on Websites and Advertising in YouTube networks. The business is conducted through the Swedish parent company and its subsidiaries based in North America.

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