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Budweiser Brewing Co APAC Piotroski F-Score

: N/A (As of Today)
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The zones of discrimination were as such:

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

Budweiser Brewing Co APAC has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

OTCPK:BDWBF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 4   Max: N/A
Current: N/A

During the past 4 years, the highest Piotroski F-Score of Budweiser Brewing Co APAC was 9999. The lowest was 4. And the median was 4.


Budweiser Brewing Co APAC Piotroski F-Score Historical Data

The historical data trend for Budweiser Brewing Co APAC'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.

Budweiser Brewing Co APAC Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
N/A N/A N/A N/A

Budweiser Brewing Co APAC Quarterly Data
Dec17 Mar18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A 4.00 N/A N/A

Competitive Comparison

For the Beverages - Brewers subindustry, Budweiser Brewing Co APAC'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.

   

Budweiser Brewing Co APAC Piotroski F-Score Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Budweiser Brewing Co APAC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Budweiser Brewing Co APAC'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 (Sep19) TTM:
Net Income was 45 + 0 + 0 + 0 = $45.00 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 1202 + 0 + 0 + 0 = $1,202.00 Mil.
Gross Profit was 594 + 0 + 0 + 0 = $594.00 Mil.
Average Total Assets from the begining of this year (Sep19)
to the end of this year (Jun21) was
(0 + 15308 + 15208 + 16189 + 16359) / 5 = $15766 Mil.
Total Assets at the begining of this year (Sep19) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $48.00 Mil.
Total Current Assets was $2,713.00 Mil.
Total Current Liabilities was $4,735.00 Mil.
Net Income was 509 + 351 + 255 + 251 = $1,366.00 Mil.

Revenue was 3036 + 1993 + 1529 + 1822 = $8,380.00 Mil.
Gross Profit was 1809 + 1083 + 806 + 1005 = $4,703.00 Mil.
Average Total Assets from the begining of last year (Sep18)
to the end of last year (Sep19) was
(0 + 25761 + 25879 + 0 + 0) / 5 = $25820 Mil.
Total Assets at the begining of last year (Sep18) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.00 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.

Budweiser Brewing Co APAC's current Net Income (TTM) was 45.00. ==> 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.

Budweiser Brewing Co APAC's current Cash Flow from Operations (TTM) was 0.00. ==> 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 (Sep19)
=45/0
=

ROA (Last Year)=Net Income/Total Assets (Sep18)
=1366/0
=

Budweiser Brewing Co APAC's return on assets of this year was . Budweiser Brewing Co APAC's return on assets of last year was . ==> 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.

Budweiser Brewing Co APAC's current Net Income (TTM) was 45.00. Budweiser Brewing Co APAC's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 <= 45.00 ==> 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 Sep19 to Jun21
=48/15766
=0.00304453

Gearing (Last Year: Sep19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep18 to Sep19
=0/25820
=0

Budweiser Brewing Co APAC's gearing of this year was 0.00304453. Budweiser Brewing Co APAC's gearing of last year was 0. ==> 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
=2713/4735
=0.57296727

Current Ratio (Last Year: Sep19)=Total Current Assets/Total Current Liabilities
=0/0
=

Budweiser Brewing Co APAC's current ratio of this year was 0.57296727. Budweiser Brewing Co APAC's current ratio of last year was . ==> 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.

Budweiser Brewing Co APAC's number of shares in issue this year was 13231.471. Budweiser Brewing Co APAC's number of shares in issue last year was 13243.397. ==> 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
=594/1202
=0.49417637

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4703/8380
=0.56121718

Budweiser Brewing Co APAC's gross margin of this year was 0.49417637. Budweiser Brewing Co APAC's gross margin of last year was 0.56121718. ==> Last year's gross margin is higher ==> Score 0.

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 (Sep19)
=1202/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep18)
=8380/0
=

Budweiser Brewing Co APAC's asset turnover of this year was . Budweiser Brewing Co APAC's asset turnover of last year was . ==> 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+0+0+0+0+1+1+0+0
=3

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

Budweiser Brewing Co APAC has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Budweiser Brewing Co APAC  (OTCPK:BDWBF) 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.


Budweiser Brewing Co APAC Piotroski F-Score Related Terms

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


Budweiser Brewing Co APAC Business Description

Budweiser Brewing Co APAC logo
Industry
Traded in Other Exchanges
Address
1 Matheson Street, Suites 3012-16, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG
Budweiser Brewing Co. APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns the remaining 90% of the company's equity.Bud APAC's largest markets are China (80% of 2020 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.
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