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Grupo BimboB de CV (Grupo BimboB de CV) Piotroski F-Score : 5 (As of Apr. 25, 2024)


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What is Grupo BimboB de CV 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

Grupo BimboB de CV has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

BMBOY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Grupo BimboB de CV was 9. The lowest was 4. And the median was 6.


Grupo BimboB de CV Piotroski F-Score Historical Data

The historical data trend for Grupo BimboB de CV'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.

Grupo BimboB de CV Piotroski F-Score Chart

Grupo BimboB de CV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 9.00 6.00 7.00

Grupo BimboB de CV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 7.00 6.00 6.00 5.00 5.00

Competitive Comparison of Grupo BimboB de CV's Piotroski F-Score

For the Packaged Foods subindustry, Grupo BimboB de CV'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.


Grupo BimboB de CV's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grupo BimboB de CV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Grupo BimboB de CV'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 (Mar24) TTM:Last Year (Dec22) TTM:
Net Income was 226.002 + 230.585 + 240.17 + 142.814 = $840 Mil.
Cash Flow from Operations was 142.474 + 343.667 + 615.358 + 492.944 = $1,594 Mil.
Revenue was 5502.408 + 5854.335 + 5693.914 + 5616.963 = $22,668 Mil.
Gross Profit was 2811.862 + 2982.64 + 2939.976 + 2921.636 = $11,656 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Mar24) was
(17837.71 + 18763.084 + 19442.772 + 19871.778 + 21908.306) / 5 = $19564.73 Mil.
Total Assets at the begining of this year (Dec22) was $17,838 Mil.
Long-Term Debt & Capital Lease Obligation was $8,444 Mil.
Total Current Assets was $4,307 Mil.
Total Current Liabilities was $4,926 Mil.
Net Income was 224.272 + 305.55 + 301.442 + 1550.777 = $2,382 Mil.

Revenue was 4548.756 + 4792.452 + 5106.93 + 5590.648 = $20,039 Mil.
Gross Profit was 2357.36 + 2469.778 + 2613.513 + 2881.915 = $10,323 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(16459.004 + 16962.93 + 16854.559 + 17591.352 + 17837.71) / 5 = $17141.111 Mil.
Total Assets at the begining of last year (Dec21) was $16,459 Mil.
Long-Term Debt & Capital Lease Obligation was $5,174 Mil.
Total Current Assets was $3,256 Mil.
Total Current Liabilities was $4,603 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.

Grupo BimboB de CV's current Net Income (TTM) was 840. ==> 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.

Grupo BimboB de CV's current Cash Flow from Operations (TTM) was 1,594. ==> 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 (Dec22)
=839.571/17837.71
=0.0470672

ROA (Last Year)=Net Income/Total Assets (Dec21)
=2382.041/16459.004
=0.14472571

Grupo BimboB de CV's return on assets of this year was 0.0470672. Grupo BimboB de CV's return on assets of last year was 0.14472571. ==> 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.

Grupo BimboB de CV's current Net Income (TTM) was 840. Grupo BimboB de CV's current Cash Flow from Operations (TTM) was 1,594. ==> 1,594 > 840 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Mar24
=8443.801/19564.73
=0.4315828

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=5174.087/17141.111
=0.30185249

Grupo BimboB de CV's gearing of this year was 0.4315828. Grupo BimboB de CV's gearing of last year was 0.30185249. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=4307.042/4925.648
=0.87441124

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=3255.54/4602.688
=0.70731277

Grupo BimboB de CV's current ratio of this year was 0.87441124. Grupo BimboB de CV's current ratio of last year was 0.70731277. ==> 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.

Grupo BimboB de CV's number of shares in issue this year was 1097.307. Grupo BimboB de CV's number of shares in issue last year was 1108.417. ==> 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
=11656.114/22667.62
=0.5142187

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10322.566/20038.786
=0.51512931

Grupo BimboB de CV's gross margin of this year was 0.5142187. Grupo BimboB de CV's gross margin of last year was 0.51512931. ==> 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 (Dec22)
=22667.62/17837.71
=1.27076962

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=20038.786/16459.004
=1.21749688

Grupo BimboB de CV's asset turnover of this year was 1.27076962. Grupo BimboB de CV's asset turnover of last year was 1.21749688. ==> 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+0+1+1+0+1
=6

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

Grupo BimboB de CV has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Grupo BimboB de CV  (OTCPK:BMBOY) 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.


Grupo BimboB de CV Piotroski F-Score Related Terms

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Grupo BimboB de CV (Grupo BimboB de CV) Business Description

Traded in Other Exchanges
Address
Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Delegacion Alvaro Obregon, Mexico, MEX, MEX, 01210
Grupo Bimbo SAB de CV is an international baking-products manufacturer. The company operates in over 22 countries throughout the Americas, Europe, and Asia. The firm's key product categories are packed bread, sweet baked goods, salty snacks, cookies, solutions (tortillas, pitas, wraps), prepacked foods, confectionery, and others. The key brands are Bimbo, Ideal, Ricolino, Oroweat, Arnold, Thomas, and Sara Lee. Grupo Bimbo has a large direct distribution network that allows the company to distribute products from its own plants (based in Uruguay, Rio de Janeiro, China, Santiago de Chile, and Argentina) to sales centers and warehouses.