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Petrotarg AB (OSTO:PETR PREF.PFD) Piotroski F-Score : 4 (As of Jul. 13, 2025)


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What is Petrotarg 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

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

OSTO:PETR PREF.PFD' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 7 years, the highest Piotroski F-Score of Petrotarg AB was 7. The lowest was 3. And the median was 5.


Petrotarg AB Piotroski F-Score Historical Data

The historical data trend for Petrotarg 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.

Petrotarg AB Piotroski F-Score Chart

Petrotarg AB Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Piotroski F-Score
Get a 7-Day Free Trial - - 6.00 6.00 4.00

Petrotarg AB Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 3.00 4.00 3.00 3.00 4.00

Competitive Comparison of Petrotarg AB's Piotroski F-Score

For the Oil & Gas E&P subindustry, Petrotarg 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.


Petrotarg AB's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petrotarg AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Petrotarg 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 (Sep16) TTM:Last Year (Sep15) TTM:
Net Income was -45.854 + 2.421 + -2.066 + -3.869 = kr-49.37 Mil.
Cash Flow from Operations was -1.492 + -0.622 + -1.615 + 1.552 = kr-2.18 Mil.
Revenue was 2.242 + 1.645 + 1.327 + 1.144 = kr6.36 Mil.
Gross Profit was 2.242 + 1.747 + 1.327 + 1.144 = kr6.46 Mil.
Average Total Assets from the begining of this year (Sep15)
to the end of this year (Sep16) was
(72.463 + 32.118 + 29.252 + 47.886 + 44.61) / 5 = kr45.2658 Mil.
Total Assets at the begining of this year (Sep15) was kr72.46 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr20.57 Mil.
Total Current Liabilities was kr37.52 Mil.
Net Income was -5.265 + -1.992 + -1.967 + -0.914 = kr-10.14 Mil.

Revenue was 3.017 + 2.885 + 2.748 + 2.602 = kr11.25 Mil.
Gross Profit was 1.624 + 3.646 + 2.748 + 2.602 = kr10.62 Mil.
Average Total Assets from the begining of last year (Sep14)
to the end of last year (Sep15) was
(64.402 + 76.198 + 77.708 + 71.761 + 72.463) / 5 = kr72.5064 Mil.
Total Assets at the begining of last year (Sep14) was kr64.40 Mil.
Long-Term Debt & Capital Lease Obligation was kr21.38 Mil.
Total Current Assets was kr5.98 Mil.
Total Current Liabilities was kr12.19 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.

Petrotarg AB's current Net Income (TTM) was -49.37. ==> 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.

Petrotarg AB's current Cash Flow from Operations (TTM) was -2.18. ==> 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 (Sep15)
=-49.368/72.463
=-0.68128562

ROA (Last Year)=Net Income/Total Assets (Sep14)
=-10.138/64.402
=-0.15741747

Petrotarg AB's return on assets of this year was -0.68128562. Petrotarg AB's return on assets of last year was -0.15741747. ==> 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.

Petrotarg AB's current Net Income (TTM) was -49.37. Petrotarg AB's current Cash Flow from Operations (TTM) was -2.18. ==> -2.18 > -49.37 ==> 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: Sep16)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep15 to Sep16
=0/45.2658
=0

Gearing (Last Year: Sep15)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep14 to Sep15
=21.379/72.5064
=0.29485673

Petrotarg AB's gearing of this year was 0. Petrotarg AB's gearing of last year was 0.29485673. ==> 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: Sep16)=Total Current Assets/Total Current Liabilities
=20.568/37.523
=0.54814381

Current Ratio (Last Year: Sep15)=Total Current Assets/Total Current Liabilities
=5.982/12.185
=0.49093147

Petrotarg AB's current ratio of this year was 0.54814381. Petrotarg AB's current ratio of last year was 0.49093147. ==> 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.

Petrotarg AB's number of shares in issue this year was 0. Petrotarg AB's number of shares in issue last year was 0. ==> 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
=6.46/6.358
=1.01604278

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10.62/11.252
=0.94383221

Petrotarg AB's gross margin of this year was 1.01604278. Petrotarg AB's gross margin of last year was 0.94383221. ==> 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 (Sep15)
=6.358/72.463
=0.08774133

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep14)
=11.252/64.402
=0.17471507

Petrotarg AB's asset turnover of this year was 0.08774133. Petrotarg AB's asset turnover of last year was 0.17471507. ==> 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+1+1+1+1+1+0
=5

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

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

Petrotarg AB  (OSTO:PETR PREF.PFD) 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.


Petrotarg AB Piotroski F-Score Related Terms

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Petrotarg AB Business Description

Traded in Other Exchanges
N/A
Address
Box 225, Borlänge, SWE, 781 23
Petrotarg AB is engaged in exploration and exploitation of oil and natural gas deposits. The company's projects are in Arkansas, Louisiana and Texas of the United States.

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